Wall Street v Main Street: A Round Up of the Current Excellent Economic News
I kid. I’m a kidder.
Lots of DC – and a lot of the rest of us – continue to pretend that Wall Street is the only US economic indicator that matters.
Inflation
INFLATION FEARS: Warsh takes over amid challenging environment
A panel discusses Kevin Warsh becoming Federal Reserve chair and inheriting a challenging economic environment amid President Donald Trump’s policy efforts on ‘The Big Money Show.’
MAGA movement is ‘alive and well’: GOP lawmaker
Sen. Tommy Tuberville, R-Ala., discusses the success of Trump-backed candidates in Republican primaries, including his own victory, and says the MAGA movement remains strong on ‘The Evening Edit.’
40% of All New US Debt Purchased Since 2022 Has Been in the Cayman Islands
The US government is $39+ trillion in debt. It is currently adding $1 trillion to its tally every five months. And through the magic of compound interest? The debt accumulation will only continue to accelerate.
Affordability! Affordability! Affordability!
Young Americans, middle-aged Americans, heck, virtually all Americans have a right to be angry. The policies implemented locally, statewide and nationally these last 50 years have combined to cause the “affordability” problem we are currently facing.
Affordability
Democrats have found the new Golden Goose for the elections. Affordability. If they win, I would not hold my breath for prices to drop.
In the USA, some Prices are Lower, but so are Expectations
At a time when prices for everything from eggs to gasoline are high, I thought it might be interesting to share a list of commodities and services that are actually much cheaper than they once were when compared to dollar values and wages in the past. Will this take the sting out of today’s sky-high …
The Day Nixon Nuked the Dollar: How Vietnam, Jekyll Island, and Fiat Money Ruined Everything
On August 15, 1971, Richard Nixon took to the airwaves and delivered the financial equivalent of “Let them eat cake.”
Let’s Play Bidenopoly!
After a game of Bidenopoly, my two grandkids understand that the government can only give that which it first takes, and stimulus can only retard rather than stimulate the economy.
Look a Little Deeper When It Comes to Inflation Statistics
I am reminded of 2016, when the government did everything it could to to persuade people that the economy was doing just fine, thank you very much, in their attempt to get Hillary Clinton elected:
The Great Hawaiian Eggstravaganza
Next time you’re enjoying that $12 carton of eggs or $8 loaf of bread, remember, you’re not just buying groceries—you’re participating in the world’s most ridiculous economic balancing act.
Lies, Damned Lies, and Statistics: Who Are You Going to Believe, Joe Biden, or Your Lying Eyes?
The official inflation rate has come down from its highs earlier in the Biden Administration, and the Democrats are arguing that inflation has been whipped.
Liars!
You can rest assured of one thing, if it’s coming out of Biden’s mouth, the White House, the reelection campaign or Biden supporters, it’s a lie.
How America Came to Hate Joe Biden
Most people knew two things about Biden: 1) he was Obama’s VP and 2) he wasn’t Donald Trump. Three years ago, Americans saw No. 2 as a good thing.
Our credit card economy; Why tax people if we can just print more money?
The amount of money FJB is borrowing to give the appearance of economic growth is greater than the value of all the steel, all the automobiles, all the airplanes, all the gadgets, and all the other doohickeys Americans make.
The Looming Crisis: The USA Economic Depression and Collapse of the Dollar
In 1971, President Richard Nixon made the historic decision to devalue the dollar by ending the convertibility of the US dollar to gold
What the government tells us isn’t what people actually see.
Once again, the Democrats are touting the great economy, telling us that wage increases are now running at a greater rate than inflation.
Snark Alert: Paul Krugman Explains Bidenomics…as Only He Would
Paul Krugman engages in his usual practice of “applying lipstick to a pig” – the pig being Bidenomics. Progressives probably believe every word of his drivel.
Inflation. Can You Believe It?
No, inflation is not caused by citizens having too much money, but by government printing and spending too much money.
Facing Fiscal Reality: A Bipartisan Legacy of Debt
In the realm of economic responsibility, both the Biden and Trump administrations have played their part in accumulating a staggering $33+ trillion national debt.