It is probably no surprise that Republican infighting scuttled a stopgap measure on Friday in the House of Representatives, designed to avert a government shutdown on September 30. That is the deadline to approve new […]
Authored by Michael Maharrey via SchiffGold.com, The Fed people insist the economy is strong. They upped their GDP growth projections at their last meeting. Joe Biden thinks the economy is strong. He keeps bragging about […]
One month ago we warned that the toxic cocktail of Volcker-esque rates which have pushed the average credit card APR to a nosebleeding 21%… … and surging credit card balances would lead to a catastrophic […]
Several members of the economic alliance known as BRICS are discarding billions of dollars worth of assets backed by the US government. New numbers from the Treasury Department show China is leading the charge, reducing its holdings […]
US home prices rose for the 5th straight month in July (the latest data from Case-Shiller), jumping 0.9% MoM and shifting into the green (+0.1%) on a year-over-year basis for the first time since February, […]
September was an ugly month for Texas with both Manufacturing and Services surveys chock-full of disappointment and stagflationary signals. The goods news – growth in Texas factory activity resumed in September, according to the Dallas […]
If we search the news from 2007, we can find plenty of headlines with the IMF and the Federal Reserve predicting a soft landing. No one seemed to worry about rising imbalances. The main reason […]
Authored by Urs Gehriger via WeltWoche.ch, Tucker Carlson is unstoppable. Since his sudden departure from Fox News he scores record viewer ratings. In an exclusive interview with Weltwoche, the political media star demolishes the mainstream […]
As the winds whip through the canyons of Chicago’s skyscrapers, a storm is brewing between the city’s derivatives powerhouses like DRW, IMC, CME, and Cboe, and a new mayoral administration desperate to fill its half-a-billion-dollar […]
The Federal Reserve sees consumer spending as too hot only because it’s looking through the rearview mirror. The road ahead looks bumpy. The post 3 Reasons The Fed Is Wrong And It’s A Good Time […]
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