Argentina Logs First Week with No Inflation in Food Prices in 30 Years
Breitbart, Released on 6/24/24 “That means that we are on the right path — which there is still a long way to go, but the first signs that Continue…
Inside The Most Ridiculous Jobs Report In Years
Zero Hedge, Released on 6/7/24 On the surface, it was a blockbuster jobs report, certainly one which nobody expected, with the two largest US banks – JPMorgan and JPM – both Continue…
Almost two-thirds of middle class Americans say they are facing economic hardship and don’t anticipate a change for the rest of their lives
Bloomberg (via MSN), Released on 6/4/24 “The economy is booming, and yet many Americans are still gasping for air financially. They simply don’t have the breathing room to plan beyond their present needs.” Continue…
Chip Wars, China’s Goal Is to Cut Out the US
Mish Talk, Released on 6/4/24 The US is restricting China’s access to advanced microchips. The US will regret the move in one of two ways. China will become self-reliant or there will be a real war. Continue…
Why Consumers Are Angry About the Economy in Five Pictures
Mish Talk, Released on 5/31/24 I expect a recession this year. It will not surprise me at all if a recession started in 2024 Q2, perhaps April. Returning to the economy, inflation will finally come down when rent abates but there will be a price. The price is recession. Continue…
Blacklisted Chinese Companies Rebrand as American to Dodge Crackdown
The Wall Street Journal (via MSN), Released on 5/28/24 Chinese firms trying to buffer themselves from Washington’s anti-China policies are rebranding and creating U.S.-domiciled businesses to sell their Continue…
Retirees forced to return to work as inflation eats into savings: ‘It’s just not enough’
Fox News (via MSN), Released on 5/22/24 “I’ve been back to work twice already, but now with watching the grandchildren, trying to help out the younger generation, I’ve had to Continue…
First McDonald’s, Now Burger King Admits Consumers Are Broke With Planned Reintroduction Of $5 Meal Deal
Zero Hedge, Released on 5/24/24 The bigger story is that mega-corporations are cutting prices and offering deals because, as Goldman has shown, working-poor consumers have hit a proverbial brick wall. Continue…