Oil Jumps After Biden Fails to Win Saudi Pledge to Pump More Crude
Oil prices rose as U.S. dollar softened and Biden wrapped up trip to Saudi Arabia, failing to secure pledge from country to boost crude output.
Moody’s Slashes US Outlook to ‘Negative’ Due to Too Much Government Spending
The rating agency also cited political brinkmanship in Washington as a factor behind its decision to slash the outlook for U.S. government debt.
Is the Fed Trying to Wean Markets Off Monetary Policy?
The Fed however, may be attempting to implement a contrarian, controlled demolition of the U.S. bubble-economy through interest rate increases. ~ Alastair Crooke
Steve Bannon on Coronavirus Economy
Former White House chief strategist Steve Bannon joins Maria Bartiromo on ‘Sunday Morning Futures.’
JPMorgan CEO Warns ‘Most Dangerous Time’ in Decades Is Here
JPMorgan Chase CEO Jamie Dimon has warned that a confluence of factors—including the Israel-Hamas war—has ushered in the "most dangerous time" in decades.
The Gathering Economic Storm
Despite efforts of media to explain away last two quarters of downward economic output, citizens know reality of the present economic crisis.
Americans are feeling gloomier than ever about their finances: Just 31% believe their situation...
Americans' confidence in their finances is at its lowest level in last 13 years, as inflation and fears of recession cast a pall of uncertainty over the economy.
Fed Boosts Rates by Another 0.75 Percentage Point as Inflation Soars
The Federal Reserve raised interest rates by another 0.75 percentage point on July 27 during the July Federal Open Market Committee (FOMC) policy meeting. This is in line with...
Efforts to Protect US Intensify Amid Global Shift From Dollar
With inflation plaguing economy as U.S. dollar at risk of losing status as global reserve currency, lawmakers are touting gold and precious metals as solution.
Debt Ceiling “Deal” Watch #1
"Limit, Save, Grow" Plan As Passed: + $1.5 Trillion vs GOP "Dealing" With The Swamp
"Limit, Save, Grow" Plan As Passed: + $1.5 TrillionGOP "Dealing"...
June Inflation Hits 9.1 Percent, New 40-Year High
Surging costs of fuel, housing, and food were major contributors to high inflation last month
The U.S. annual inflation rate climbed to 9.1 percent in June, topping...
The Triumph of Economic Ignorance
What’s happening with the American economy could very easily have been anticipated by anyone with even a passing knowledge of basic economics.
