Category Archives: Business & Economy

Inflation Is Eating Up Your Paycheck: Real Incomes Fall For Fourth Straight Month

Inflation 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 more

Black Friday Disappoints, Cyber Monday Sales Fall For The First Time Ever

Money Supply Growth Is Slowing—That Points to a Slowing Economy

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 more

Skyrocketing Fuel Costs Will Lead To A Winter Of Discontent

Skyrocketing 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 more
1 2 3 21