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Economy

Will this be the last “somewhat normal” holiday season for U.S. retailers?  Normally, the holiday season is the most profitable time of the year for our retailers, but it has become clear that holiday spending is going to be way down in 2022.  Meanwhile, there are a couple of long-term …

Well, if anyone thinks the economy crashing is only Joe Biden’s fault, then you actually need to understand how economics and the markets work.  Furthermore, you need to understand the value of real money, not the debt dollars we have now.  With that aside, everyone that has been warning of …

We never seem to learn from our mistakes.  Just before the financial markets crashed and the economy plunged into a horrifying recession in 2008, U.S. consumers went on a debt binge of epic proportions.  Mortgage debt, auto loan debt and credit card debt all skyrocketed, and so when the economy …

Another domino has fallen.  We are being told that the failure of FTX “would be kind of like a Lehman Brothers event”, and at this hour FTX is on the verge of collapse.  There was a chance that FTX could survive when Binance announced a shocking rescue plan, but after …

This holiday season is certainly going to be far less jolly for millions of Americans.  Yesterday, I detailed 11 signs that economic activity in the U.S. is rapidly declining.  Well, today we have gotten even more bad news.  Thanks to deteriorating economic conditions, Americans plan to buy a lot less stuff this …

Have you noticed it too?  There has been a dramatic shift in the economy in recent days.  It has been sudden and it has been severe.  All over the country, sales are falling like a rock, inventories are piling up to alarming levels, and large companies are beginning to conduct …

Editor’s Note:  Don’t they know that these “checks” only make the inflation worse?  Apparently, not! A recent poll ascertained that Americans are willfully ignorant at best, and dependent slaves at worst. The poll proved that most Americans are economically ignorant and have no idea what causes inflation, the majority of …

The last time interest rates were this high, the U.S. economy plunged into “the Great Recession” and millions of Americans lost their jobs.  But the Federal Reserve is not going to stop here.  In fact, Fed Chair Jerome Powell is telling us that more rate increases are on the way …

They are trying really hard to convince all of us that everything is just fine.  But close to one-fifth of the U.S. population is skipping meals because food prices are too high.  And nearly 40 percent of our small businesses couldn’t pay rent in October.  Our leaders are trying to …

An unsettling survey by the  Nationwide Retirement Institute® found that the economic crisis is starting to have daily effects on Americans. Millions of people are now skipping meals, forgoing prescription medication, buying less nutritious food, and going without medical care. It’s a concerning sign of the times when an increasing number of …