By Wolf Richter for WOLF STREET. The long-term fiscal mess the US has been wallowing in for many years – the mindboggling deficits even during a strong economy that turned into the incredibly ballooning debt, encouraged and enabled […]
Stock markets tumbled on Monday and Japanese shares plummeted a gut-wrenching 13% as fears the United States could be heading for recession sent investors rushing from risk while wagering that rapid fire rate cuts will […]
Leftists are desperately hoping the Federal Reserve cuts interest rates, believing higher rates are hampering the ‘country’s ability to combat the climate crisis.’ Leftists are desperate to have the Federal Reserve cut interest rates, believing […]
By Wolf Richter for WOLF STREET. The stock market hype and hoopla since December 2023 was focused on the Fed cutting rates, the Fed was going to cut six times, seven times in 2024, and then at Fed […]
Pierre Aury warns there is a financial crisis looming that would make 2008 look like ‘a seaside picnic on a beautiful spring day’ In our last column we said that shipping is not an adiabatic […]
A former Biden official promoted spending billions more dollars on green energy as a solution to economic and inflationary woes. Heritage Foundation economist E. J. Antoni quickly set a former Biden official straight after […]
Daily Standup Top Stories BP Shares Plummet on $2 Billion Impairment Warning July 9, 2024 Mariel Alumit Shares in BP fell by as much as four percent this morning after it warned it was expected to […]
Nigeria, the biggest oil producer in Africa, is considering ways to curb soaring inflation, including by giving the central bank powers to use gold to boost reserves. Nigerian lawmakers are discussing a bill to create […]
Projection is blaming someone else for your own bad behavior. We saw a classic case of projection in Thursday’s presidential debate, when President Biden—who is overseeing annual budget deficits of $2 trillion—asserted that his predecessor, Donald Trump, […]
Biden’s betting big on his ‘net zero’ agenda as part of his misguided ideological climate-control vision, even as Americans get walloped. The Biden administration doggedly has pursued a “net zero” climate-control policy since President Joe […]
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