Category Archives: Business & Economy
Real Wages Plummet as Inflation Hits the US Recovery
There hasn’t been a lot of good news on the economy lately but, the most alarming datapoint is that real wages are plummeting. Average hourly earnings have risen 4.7 percent in 2021, but inflation is 6.8 percent, sending real wages to negative territory and the worst reading since 2011.
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Peter Schiff: The Fed Can’t Do What It’s Saying It Will Do
Even if the Fed does what it claims it’s going to do, it will do nothing to cool inflation.
Read more#BareShelvesBiden Trends As Alarming Number Of People Report Empty Stores [VIDEO]
The hashtag “BareShelvesBiden” has been trending on Twitter for the last 24 hours. The hashtag ranked on Twitter’s most trending list as of late Sunday evening.
Read moreHow the Feds Broke the Meat Industry
Since the passage of the Wholesome Meat Act, the number of slaughterhouses dropped from more than 10,000 to 2,766 in 2019.
Today, instead of hundreds of companies processing meat, three corporations control virtually the entire industry.
Berry, Thompson Eearn NJCAA All-America Honors
Two Blinn football players earn All American .
Read moreInflation Is Eating Up Your Paycheck: Real Incomes Fall For Fourth Straight Month
Personal income from all sources, including wages, salaries, interest dividends, rental income, unemployment, Social Security, etc. rose by 0.4% in November. Year on year, personal income is up a healthy 7.4%, according to the latest data from the Bureau of Economic Analysis today. (Keep in mind a chunk of this yearly gain came from government stimulus.) But when you adjust for the worst inflation in 40 years, real income actually fell last month.
Read moreEscape From LA: More Container Business Flees To East Coast
If so many container ships are stuck in the Pacific Ocean, waiting for weeks for a berth in Los Angeles or Long Beach, why not reschedule calls to another port? Why not make like Kurt Russell as Snake Plissken in the circa-1996 film and “Escape from LA”? It’s not that simple…
Read more‘Real’ Interest Rates: The Missing Puzzle Piece The Mainstream Is Ignoring
Inflation is sizzling hot. Gold has historically served as an inflation hedge. So, why hasn’t gold caught a bid?
Read moreStagflation Is Coming To A Theater Near You
Inflation is rising and consumer spending power is falling. Those are clear warnings of slower growth and higher costs — spelling out the dreaded STAGFLATION scenario that the Fed is pretty much powerless against, leaving risk assets in the cross hairs.
Read moreMoney Supply Growth Is Slowing—That Points to a Slowing Economy
Easy money monetary policy only serves to weaken and destroy savings and investment. And that means weaker future economic growth.
Read moreTop US Shale CEO “Worried” Years Of Underinvestment Could Boost Oil Over $100
After half a decade of U.S. oil drillers underinvesting in projects and returning money to shareholders, it could take years to resume pre-pandemic production levels that could further roil oil markets for years to come leaving consumers paying higher prices.
Read moreSEC Moves Closer To Delisting Chinese Companies
The SEC is planning to adopt a new rule mandating that foreign companies – mostly Chinese firms – open their books to US scrutiny, or risk being kicked off the New York Stock Exchange and Nasdaq within three years.
Read moreBitcoin-Backed Bonds Are Coming To Wall Street As Goldman Embraces Crypto-Collateral
According to a report from CoinDesk, Goldman Sachs, and a handful of other tier-one US banks, are figuring out how to use bitcoin as collateral for cash loans to institutions.
Read moreBlack Friday Disappoints, Cyber Monday Sales Fall For The First Time Ever
Despite the White House stating that consumer spending has recovered, a look at the past three days shows just the opposite picture: spending was flat on thanksgiving compared to last year, down on Black Friday (as was everything else to be fair), and – according to Adobe’s digital economy index – was also down for the first time ever on Cyber Monday.
Read moreBlack Friday Shopping Down 28% Over 2019 Levels Despite Improvement Over Last Year
The good news: Black Friday retail traffic was up 47.5% over last year. The bad news: It was still 28.3% lower vs. 2019 levels, according to CNBC, citing preliminary data from Sensormatic Solutions.
Read moreInflation Stretching Budgets Thin For Americans As They Rethink Holiday Buying
What looked like a win for workers earlier in the year, as wages increased, has turned out to be another blow after accounting for inflation. Real wages are negative on the year, and that is impacting how consumers spend this holiday season.
Read moreUS Inflation: Which Categories Have Been Hit Hardest?
Prices have been going up in a number of segments of the economy in recent months, and, as Visual Capitalist’s Nick Routley exposes below, the public is taking notice. One indicator of this is that search interest for the term “inflation” is higher than at any point in the past decade.
Read moreAlmost 9 In 10 Americans Worried About Inflation
A new survey has found nine in ten Americans say they’re concerned about inflation. The high level of anxiety about soaring food, energy, and shelter costs, among others, is felt the same across all age groups, racial and ethnic groups, and income levels.
Read moreSkyrocketing Fuel Costs Will Lead To A Winter Of Discontent
Natural gas prices have jumped more than 180 percent since September 2020, and that will spur increases in electricity costs. Home heating oil prices have jumped 115 percent over the past year. Fuel oil is up almost 60 percent from a year ago. The federal government forecast last month that home heating costs could rise 54 percent this winter — but heating costs could actually triple, according to some private forecasts. Biden is already being widely blamed for the surge in inflation. Soaring home heating prices will embitter citizens who once trusted Biden’s pledges for a smooth return to normalcy and prosperity.
Read moreUS Food Banks Struggle To Feed Hungry Amid ‘Perfect Storm’ Of Food Inflation
A new survey published by Advanced Dermatology surveyed 1,463 people in relationships of one year or more. Among those surveyed, 2 in 3 people say “their partner looks worse than they did before the pandemic started”.
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