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Economy

I’m not a gambler.  Gambling is largely facilitated on covetousness, which is a violation of the Tenth Commandment (Exodus 20:17) and the Bible says that such a person is an idolator (Ephesians 5:5).  However, there is a man working the stock market that has literally plunked down a huge billion …

Families living in the United States are feeling the pinch of inflation. They are now spending $709 per month more than they were just two years ago. “High inflation of the past 2+ years has done lots of economic damage,” Mark Zandi, chief economist at Moody’s Analytics, wrote in a post …

The middle class in the U.S. has been steadily shrinking for decades, but in recent years our leaders have greatly accelerated that process.  In 2020, 2021 and 2022 they absolutely flooded the system with new money, and almost all of that new money went into the pockets of the wealthy.  The …

Have you had such bad credit because you couldn’t make the minimum payments, or worse yet, you have debt that continues to mount?  That is what is happening with the US economy and its all due to lawless money and lawless men. Jon Miltimore has more on this at FEE. …

Right on the heels of seeing a downgrade of the creditworthiness of the United States itself, Moody’s has downgraded ten small to medium banks across the country, citing “financial strain” and “strains that could erode their profitability.” Six more banks are under review, and another eleven have been shifted from …

Over the past few years, we have seen food prices in the United States and other wealthy countries do things that they have never done before.  Unfortunately, this is just the beginning.  Global food supplies are getting tighter, and meanwhile global demand for food just continues to increase.  For decades, …

When the U.S. consumer is in healthy financial shape, the outlook for the U.S. economy is generally positive.  But just like we witnessed prior to the Great Recession of 2008 and 2009, when the U.S. consumer is not in healthy financial shape, bad things tend to happen.  Unfortunately, the numbers …

The economic meltdown that is coming should not be a surprise to anyone.  Throughout U.S. history, there have always been signs that a major downturn was coming, and that is precisely what we are witnessing right now.  Tax revenues are way down, demand for trucking services is way down, demand …

“Everybody who reads the newspaper knows that the United States has a very serious long-term fiscal problem,” said Fitch in its downgrade of US debt. Government expenditures and receipts through 2023 Q1 from the BEA, chart by Mish Government Expenditures and Receipts Notes The Bureau of Economic Analysis (BEA) numbers …

Do things seem “slow” to you this summer?  If so, you are definitely not alone.  In recent weeks, my wife and I have heard from so many people that are saying that activity at their businesses or organizations has been really slow lately.  In other words, less money has been …