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The U.S. economy grew at the fastest pace ever recorded in the third quarter, expanding at an annualized pace of 33.1 percent, the U.S. Commerce Department said Thursday.
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An ugly overnight session for US equity markets echoed Europe's bloodbathery but has shifted the underlying technicals in the market to favor the downside. DAX is now down 12% from its October highs.
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Case-Shiller reported a 5.18% YoY gain - the fastest pace of acceleration since August 2018.
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The mainstream spin on unemployment is that things are improving. The unemployment rate is coming down.
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Two weeks ago we reported that as part of the tsunami of bankruptcies sweeping across the restaurant sector in the post-covid world, countless chains were simply handing the keys to the business to their lenders and walking away.
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Back in March 2016, we published an article explaining how the coming default cycle - when it finally hits - would be different: it would be marked by record low recovery rates.
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One of the distinguishing characteristics of leftists (i.e., liberals, progressives, or socialists) is their lack of understanding when it comes to sound economic principles.
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Never before in US equity market history was there as great a disconnect between economic reality and equity prices as now...
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"Never let a good crisis go to waste." Those were the words of Saul Alinsky, author of Rules for Radicals, a book in which he describes Lucifer as the "very first radical."
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After the previous week's disappointing resurgence in initial jobless claims, this week saw the number of Americans filing for first time unemployment benefits plunged to 787k (870k exp) - the lowest since the pandemic lockdowns began...
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Job losses ramp up again as millions of Americans continue to slide into poverty
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With mass exodus occurring from California and the state on the verge of going broke, Democrats aren't blaming their decades old misunderstanding of economics - but rather are using climate change as the scapegoat.
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Definition: Hyperinflation is the condition whereby monetary authorities accelerate the expansion of the quantity of money to the point where it proves impossible for them to regain control.
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Individual Liberty and Big Government are mutually exclusive. When America largely operated under a Constitutional government, the American middle class was awe-inspiring. Now, with a Constitution that is ignored, and with the biggest government to e
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In a world where over $16 trillion in debt now trades with negative yields...
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German author Franz Kafka wrote in The Metamorphosis, "There is an infinite amount of hope in the universe…but not for us."
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If you are making less than $3,000 a month, you have plenty of company, because about half of the country is in the exact same boat.
Radio/TV •
Economy - Economics USA
Host:
Ernest Hancock
Finally back in The Love Bus, broadcasting from Bangor, ME, Ernest goes over the LOVE Bus Liberty Tour, sign campaign, prepping, activism, etc...Tim Picciott (The Liberty Advisor) gives the Economic Report - Dr Phranq Tamburri = Trump Report ?"
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Just because society experiences turmoil doesn't mean your personal life has to. And a depression doesn't have to be depressing. Most of the real wealth in the world will still exist--it will just change ownership.
