...Are Being Hit Extremely Hard
Peter addresses the looming resurgence of inflation. Ironically, on the back of disappointing inflation numbers, gold witnessed a dip below $2000 on Tuesday due to inflation news surpassing expectations.
Last week's headlines were understandably dominated the special counsel's report which chronicled President Biden's "diminished faculties and faulty memory".
If stock prices are going to start plunging just because inflation is running a little bit hotter than expected, what is going to happen once the market finally realizes that the entire economy is literally starting to come apart at the seams?
According to the New York Fed, total household debt in the United States increased by 212 billion dollars during the fourth quarter of 2023. It is now sitting at a grand total of 17.5 trillion dollars.
Friend of Fringe Finance Mark B. Spiegel of Stanphyl Capital released his most recent investor letter on January 31, 2024, with his updated take on the market's valuation and his longstanding bet against Tesla.
Recent data have many cheerful about the economy. But according to Peter in his latest podcast, the economy may already be in recession. Here are some of Peter's biggest causes for concern:
Boots on the Ground...Jan. 30th...UPS laying off 12,000...Is it a sign of a recession?
There is a tremendous disconnect between the economic numbers that the government is giving us and what most Americans are personally experiencing on a daily basis.
That infernal clanging you might have heard outside your bedroom window this morning was the sound of the proverbial can being kicked down the road, yet again.
Magness, along with Jeremy Horpedahl and Marcus Witcher, professors of economics and history respectively at the University of Central Arkansas, discovered differences between how college-level introductory economics and history textbooks document th
Many among the elite don't really care that tens of millions of Americans on the bottom of the economic food chain are deeply suffering right now.