Terminating IRA subsidies will cut trillions in debt, lower costs, create real jobs, reduce corruption, and restore reliable energy. Congress has the opportunity to fulfill Donald Trump’s pledge to “terminate the Green New Scam,” aka […]
December, prior months revised higher. Goods prices jump month-to-month by most since August 2023, turn positive for first time in a year. By Wolf Richter for WOLF STREET. The inflation measure released today – the PCE price index […]
The strategy: Let inflation rip to bring the horrible debt-to-GDP ratio down. Households & yield investors pay for it. Turns out, no free lunches after all. By Wolf Richter for WOLF STREET. The “all items” Consumer Price Index […]
By Wolf Richter for WOLF STREET. Inflation dished out another bad surprise with a big increase in January from December, which wasn’t a surprise because inflation, once it gets going, is known to do that. This time, the […]
Why the Fed vigorously backpedaled on further rate cuts and pivoted to wait-and-see: Long-term interest rates matter. By Wolf Richter for WOLF STREET. Fed Chair Powell, at his testimony before the Senate Committee on Banking, Housing, and Urban […]
ENB Pub Note: This is huge. We will also cover this on the Energy Realities Podcast on Monday morning live on Stu’s X, or David Blackmon’s LinkedIn. Tammy Nemeth and Irina Slav will also provide […]
The middle class will face the largest tax hike in history unless cuts made during Trump’s first term are extended, Scott Bessent has said The US is headed towards an economic crisis by year’s […]
Daily Standup Top Stories Germany on course for longest post-war recession – data January 15, 2025 Mariel Alumit GDP contracted by 0.2% in 2024 due to soaring energy costs and weak exports, official figures show The […]
GDP contracted by 0.2% in 2024 due to soaring energy costs and weak exports, official figures show The German economy contracted for a second straight year in 2024 for the first time in more than […]
30-year Treasury bonds sold at auction on Friday at highest yield in at least 16 years despite Fed’s 100 basis points in rate cuts. Since the Fed’s 100 basis points in rate cuts, the 10-year […]
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