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Will Joe Biden Oversee The Collapse Of The U.S. Dollar?

Author: JASON PEIRCE

It’s vital to think through the consequences of the dollar losing its status as the world’s reserve currency.It’s vital to think through the consequences of the dollar losing its status as the world’s reserve currency...

 

 

The Ruling Class’s Response To Inflation Tells You It’s Only Going To Get Worse

Author: JOY PULLMANN

Claims by officials that inflation is transitory are confirmation that it will continue...

 

 

Nolte: Chances of American Recession Spike to 35%

Author: JOHN NOLTE

To the surprise of no one with any knowledge of history, most especially the Jimmy Carter era, the risk of a recession just jumped to 35 percent, according to Goldman Sachs...

 

 

Calls to Suspend Gas Taxes Across US Grow as Prices Surge

Author: David A. Lieb

With gas prices at record highs across the U.S., an increasing number of governors and state lawmakers are calling for the suspension of gas taxes to provide relief to motorists who are facing the prospect of even higher pump prices as the country cuts off Russian oil imports...

 

 

U.S. Crude Soars Above $130 a Barrel

Author: JOHN CARNEY

The price of oil surged on Sunday evening, putting pressure on gasoline prices and inflation. West Texas Intermediate crude futures, the U.S. benchmark rose as high as $130.50 a barrel before retreating to $123.09. WTI’s highest price since 1983 was $143.67 in 2008. Adjusted for inflation that would be $186.73...

 

 

Bidenflation: Businesses Tell the Fed That Rising Costs Are Getting Easier to Pass On to Customers

Author: JOHN CARNEY

U.S. businesses are finding it easier to pass on increased costs to their customers and expect to keep raising prices in the months ahead, the Federal Reserve said on Wednesday...

 

 

Debunking Democrat Myths About the Child Tax Credit

Author: Outside Contributor

Good jobs and rising paychecks do more to lift Americans out of poverty than dependence on never-ending government checks. There are a number of factors contributing to poverty. Rewarding work and helping the poor become self-sufficient is the surest path out of poverty...

 

 

Democrats Worry Inflation Will Hurt Them at the Polls. Do They Care About the Pain it’s Causing for The Rest of Us?

Author: AMAC, John Grimaldi

WASHINGTON, DC, Feb 24 – A penny for your vote, says President Biden. To be fair, Mr. Biden and his congressional henchmen are mulling over the idea of suspending the federal gas tax, which would reduce the big bucks you are paying at the pumps by nearly 18-and-a-half pennies, according to a Newsmax report. Asked if it is true, says Newsmax, the president responded: “Every tool is on the table to reduce prices. All options are on the table looking ahead.”...

 

 

Key Indicator Hints America Is Headed For Its Worst Real Estate Crash In History

Author: JUSTIN HASKINS

A shockingly large price bubble appears to have formed in the real estate market. Although it’s impossible to predict economic crashes with certainty, a key economic indicator suggests the U.S. housing market is on the verge of an unprecedented crash, one that could end up being the biggest in America’s history...

 

 

Liberals vs. Bidenomics

Author: James Freeman

Sharing his feelings about inflation is no substitute for sensible policy...

 

 

Small businesses see hiring as No. 1 worry

Author: Mike Allen

Almost every small business owner in a Goldman Sachs survey is having trouble hiring — and two-thirds think the federal government has done too little to ease their hiring, supply-chain and inflation worries...

 

 

Joe Biden ‘Proud’ of Jobs Report While 1% Say Economy Is Excellent

Author: WENDELL HUSEBØ

President Biden on Friday said he was “proud” of the January jobs report while just one percent of Americans say the economy is in excellent shape...

 

 

Is This The End Of The 401(k) & IRA?

Author: N

A massive tax hike may be on the horizon… And if you have any money in an IRA or 401(k) account, you’ll want to pay close attention to this urgent warning...

 

 

Joe Biden Invites More Foreign Workers to Take Americans’ White-Collar Careers

Author: NEIL MUNRO

President Joe Biden’s deputies are inviting even more foreign college graduates to take U.S. white-collar jobs, just as they have opened the southern border to roughly one million blue-collar migrants in 2021...

 

 

U.S. Economy Slows to ‘Near Standstill’ as Omicron, Supply Chain Delays, and Inflation Surge

Author: JOHN CARNEY

Economic growth in the United States slowed sharply in the first weeks of the year due to supply chain disruptions, high prices, and labor shortages linked to the surge in Covid-19 infections, according to data from a purchasing managers survey released Monday...

 

 

Michael Busler: 'Modern Supply Side Economics' Will Exacerbate Inflation

Author: Michael Busler

Last year, the Federal Reserve officials said they were basing their shockingly irresponsible monetary policy on Modern Monetary Theory (MMT). On Friday, Treasury Secretary Janet Yellen, said President Biden is basing his fiscal policy on "Modern Supply-Side Economics" (MSSE). MMT proved to be wrong. MSSE is also wrong...

 

 

Democrats: Let’s Curb Inflation by Using Migrants to Cut American Wages

Author: NEIL MUNRO

Democrats are openly arguing that more wage-cutting migrants should be imported to shrink the inflation that is threatening President Joe Biden’s political future...

 

 

Stephen Moore to Newsmax: Biden Has 'Declared War on American Energy'

Author: Sandy Fitzgerald

President Joe Biden's call to release 50 million barrels of crude oil from the nation's strategic reserves may be, on balance, a good idea, but it doesn't solve anything or change the fact that he's "declared war on American energy," Stephen Moore, a former senior economic adviser under President Donald Trump, said on Newsmax Wednesday...

 

 

GOP Sen. Marshall: Biden Can’t Make Electric Cars Viable, So He’s Raising Gas Prices

Author: IAN HANCHETT

On Friday’s broadcast of the Fox Business Network’s “Mornings with Maria,” Sen. Roger Marshall (R-KS) argued that President Joe Biden realizes he can’t make electric vehicles economically viable and so “they’re going to raise the price of gasoline.”...

 

 

Summers: Odds Are We’ll Have Inflation ‘We Haven’t Seen in 30 Years’ on Current Path

Author: IAN HANCHETT

On Friday’s broadcast of CNN’s “OutFront,” economist Larry Summers predicted that unless the Federal Reserve significantly changes monetary policy or something changes current economic growth, “odds are that we’re going to have inflation of a kind we haven’t seen in 30 years” and that it’s “quite unlikely” inflation will go back to a normal level “without some significant change in the path we’re now on.”...

 

 

Bidenflation: Disney CFO Says Smaller Food Portions at Parks ‘Good for Some People’s Waistlines’

Author: ALANA MASTRANGELO

Disney’s Chief Financial Officer (CFO) suggested the company’s theme parks could reduce food portion sizes to counter runaway inflation, then joked that the smaller servings would also be “good for some people’s waistlines” during a conference call this week...

 

 

Cruz: Biden Spending Plan ‘Cruel’ to Americans, Will ‘Drive Inflation Up Even More’

Author: TRENT BAKER

This week on Fox News Channel’s “Sunday Morning Futures,” Sen. Ted Cruz (R-TX) reacted to President Joe Biden signing the $1.2 trillion infrastructure bill as Democrats negotiate an even larger social spending package...

 

 

Black Americans Sue U.S. Farms for Replacing Them with Foreign Workers: ‘It’s Like Being Robbed of Your Heritage’

Author: JOHN BINDER

Black Americans who spent most of their lives working on Mississippi farms are suing their former employer after they were replaced by foreign workers on the H-2A visa program...

 

 

White House reaches agreement on tax hikes with Hill Democrats for $3.5 trillion package

Author: Haris Alic

Senate Majority Leader Charles E. Schumer announced on Thursday that the White House and Congressional Democrats have agreed on a broad “framework” of tax hikes to pay for President Biden’s $3.5 trillion expansion of the federal safety net. To pay for the program, House Democrats have proposed 40 new tax hikes, impacting corporations, the wealthy and average individuals. The menu of hikes ranges from doubling the federal tobacco tax to more than $2 per pack, to boosting the top income tax rate to 39.6% from 37%, adding up to one of the largest tax increases in U.S. history...

 

 

Shale Oil's Worst Year Could Bleed Into 2021

Author: NM

U.S. oil and gas shares and drilling activity are edging higher, but a disastrous year for the energy industry means the go-go days of the shale boom may be gone for good...

 

 

Who Is Smarter Than the Market?

Author: Jeff Mount

The past few weeks have made me reflect on conditions that felt somewhat similar to 1998. We have all watched in amazement at how a large group of young investors threw a massive curveball at the hedge fund community by squeezing the shorts on names like GameStop and Nokia. The reasons for the short positions could have been a legitimate position taken based on weak fundamentals, but there is also a history of these hedge funds squeezing the capitalization of companies like these down to nothing in the name of making a buck...

 

 

Yellen Challenges Powell's Control of the Market

Author: Peter Reagan

The Fed attempts to maintain control of various rates (including inflation, unemployment and long-term interest rates) through its monetary policy decisions. In the past, poor choices arguably led to both the dot-com bubble and the Great Recession. But that's old news...

 

 

Bitcoin's Second North American ETF Just Started a Price War

Author: NM

Just a week after the first Bitcoin exchange-traded funds in North American started trading, the underdog firm just kicked off a fee war. Evolve Fund Group in Canada lowered the price on its Bitcoin ETF, ticker EBIT, to O.75% from 1%, according to a statement. That’s now cheaper than the 1% expense ratio of its competitor the Purpose Bitcoin ETF (BTCC), which starting trading just a day before Evolve’s offering but has already attracted far greater interest...

 

 

Just Before the 'Everything' Bubble Explodes: Stock Market Mania in 2021

Author: Peter Reagan

Is the market going insane? Is an enormous “everything bubble” — inflated with cash flowing into overvalued investments — headed for a historic explosion? Is the market in a “mania” phase right now?...

 

 

Market Volatility Is Troubling, But This Is the Real Problem

Author: Peter Reagan

If you were awake at all this week, you caught glimpses of the stock market drama. Maybe you tuned it out? Here is a quick recap...

 

 

Powell: Fed on Track to Slow Aid for Economy Later This Year

Author: NM

The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve, Chair Jerome Powell said Friday, signaling the beginning of the end of the Fed’s extraordinary response to the pandemic recession...

 

 

Stephen Moore: States Must Stop Paying People Extra Not to Work

Author: Eric Mack

States struggling to get people back to work must stop the expanding unemployment benefits, former Trump economist Stephen Moore implored...

 

 

Manchin Urges 'Pause' on Biden's $3.5 Trillion Economy Plan

Author: Sen. Joe Manchin, D-W.Va. (AP)

Key moderate Senator Joe Manchin said fellow Democrats should “hit the pause button” on a $3.5 trillion package incorporating the bulk of President Joe Biden’s economic agenda — presenting a clear challenge to the effort by party leaders to get the tax-and-spending plan through the evenly divided Senate in the coming weeks...

 

 

Fraud Trial of Disgraced Theranos Founder Elizabeth Holmes Begins This Week

Author: LUCAS NOLAN

The criminal fraud trial against disgraced Theranos founder Elizabeth Holmes is set to begin this week...

 

 

Texas Factory Production Crashed in August

Author: JOHN CARNEY

Texas manufacturing activity unexpectedly slowed significantly in August, data from the Federal Reserve Bank of Dallas showed Monday...

 

 

Biden Tells DHS Mayorkas to Resettle ‘Vulnerable’ Afghans

Author: NEIL MUNRO

The agency that is helping at least 800,000 migrants to rush over the southern border this year is now getting the extra task of resettling many “vulnerable Afghans” in Americans’ neighborhoods and workplaces...

 

 

Consumer Confidence Tanks on Delta Variant and Bidenflation

Author: JOHN CARNEY

Consumer confidence plummeted to the lowest level since February, survey results released Tuesday showed...

 

 

‘Unregretted Attrition:’ Amazon Mercilessly Weeds Out 6% of Office Workforce Each Year

Author: LUCAS NOLAN

According to internal documents from the e-commerce and tech giant Amazon, the company purposefully forces six percent of its office employees out of the company each year, a metric Amazon calls “unregretted attrition.”...

 

 

Virginia Republican Glenn Youngkin Unveils ‘Day One’ Plan: Tax Cuts; Bans on Critical Race Theory, Lockdowns

Author: ASHLEY OLIVER

FAIRFAX, Virginia — Republican Glenn Youngkin, who is running for governor of Virginia, laid out his “day one game plan” on Monday, emphasizing new tax cuts to offset struggles with cost inflation and reassuring his supporters he would rid classrooms of Critical Race Theory (CRT)...

 

 

Bubble Trouble: Home Prices Rise at Fastest Annual Pace Since 1987

Author: JOHN CARNEY

Home prices rose at an unprecedented pace in June, fueling fears that the U.S. housing market is experiencing another bubble...

 

 

How Poverty Makes Workers Less Productive

Author: GREG ROSALSKY

As Washington debates sending checks to Americans and increasing the minimum wage, a new study offers evidence for how such policies could help eliminate poverty. Obviously, giving more money to people without much money helps them with money problems. But the study adds to a growing body of research that says that money really does help workers earn more money...

 

 

Vacations may bounce back this year while business trips are off, report finds

Author: Kenneth Kiesnoski

Vacations may be back on Americans’ calendars later this year — especially if vaccines help suppress the Covid-19 pandemic — but business travel won’t bounce back for quite some time, according to a forecast from the American Hotel & Lodging Association...

 

 

Jobless claims rise less than expected at 847,000 first-time applicants

Author: Diana Olick

Sharp gains in home prices and a slight rise in interest rates combined to weaken demand for mortgages last week. Total mortgage application volume fell 4.1% from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index...

 

 

Jobless claims rise less than expected at 847,000 first-time applicants

Author: Thomas Franck

The number of Americans who filed for unemployment benefits for the first time rose less than expected last week as the Biden administration took the reins of the Covid vaccine rollout and employers hoped for additional financial support from Congress...

 

 

Price of silver surges as Reddit traders find new target

Author: Steve Cuozzo

The office tower formerly known as 666 Fifth Ave. is putting Satan — and decades of ruinous mismanagement — behind it. Having shed the devilish address for unthreatening 660 Fifth, Brookfield Properties’ 1.5 million square-foot tower between East 52nd and 53rd streets is on track to reopen in 2022 — a year ahead of previous reports...

 

 

Price of silver surges as Reddit traders find new target

Author: Noah Manskar

Silver surged to its highest price in years on Monday as it became the latest target for a brigade of day-traders on Reddit. The precious metal was recently trading up about 9 percent at about $29.40 an ounce after rising above $30 for the first time since 2013. The spike came amid increased interest in silver on Reddit’s WallStreetBets forum, which has pumped up the stock prices of companies such as GameStop and AMC Entertainment...

 

 

Golden Nugget casinos to go public through SPAC merger

Author: Josh Kosman

Tilman Fertitta, owner of the Houston Rockets basketball team, announced plans Monday to take both his casino empire and his restaurant business public in a deal that values his business at $6.6 billion...

 

 

Walmart donates $14M to promote racial equity

Author: Lisa Fickenscher

Walmart handed out more than $14 million to organizations that promote racial equity as part of a larger pledge this summer in the wake of George Floyd’s death...

 

 

Don’t give up Super Bowl 2021 squares: Why workplace rituals are important

Author: Virginia Backaitis

When David Honig sits down to watch the Super Bowl 2021 on Sunday, like everyone, it won’t be at an office party. “Not this year,” said the Montville, NJ, resident...

 

 

Can I tell my micromanaging boss to back off?

Author: Gred Giangrande

My boss micromanages me. I thought it had something to do with trusting, but she is always praising me and saying how well I do my job. Is it worth risking offending her if I bring this to her attention, or should I just grin and bear it since she seems happy with my work?...

 

 

Elon Musk says Neuralink monkey can play video games with its mind

Author: Noah Manskar

This technology is bananas. Elon Musk says his brain-implant firm Neuralink has equipped a monkey to play video games with its mind...

 

 

Jamie Tarses, trailblazing ‘Friends’ and ‘Frasier’ TV exec, dead at 56

Author: Rob Bailey-Millado

Jamie Tarses, the first woman to run a network entertainment division, died Monday morning due to complications from a cardiac event she suffered last fall. She was 56...

 

 

Robinhood raises another $2.4B from investors

Author: Reuters

Robinhood raised another $2.4 billion from shareholders, just days after existing investors pumped in $1 billion in funding, the online brokerage said in a blog post on Monday...

 

 

Robinhood explores raising $1B in debt to fulfill Reddit-fueled frenzy

Author: Reuters

Robinhood, the online broker that has emerged as a gateway for amateur traders challenging Wall Street hedge funds, has held talks with banks about raising $1 billion in debt so it can continue to fulfill orders for heavily shorted stocks, according to people familiar with the matter...

 

 

ExxonMobil, Chevron reportedly discussed massive merger last year

Author: Noah Manskar

The heads of ExxonMobil and Chevron considered merging the two oil giants last year in a deal that may have been the largest corporate marriage ever, according to reports...

 

 

Ja Rule speaks out on Robinhood, GameStop stock chaos

Author: Alexandra Steigrad

Ja Rule is a huge investor in GameStop. Rapper Ja Rule, one of GameStop’s more famous investors, wants the little guy to keep trading...

 

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