Attention once again turned to the US-Mexico border this week as a pandemic-era policy in the United States that allowed authorities to rapidly expel most asylum seekers under the pretext of public health expired. Large […]
US Import and Export price inflation utterly collapsed in April down 4.8% YoY and 5.9% YoY respectively… Source: Bloomberg A massive deflationary impulse is evidently heading into US inflation data. Under the hood it […]
Update (0950ET): In an amazingly ironic piece of timing, minutes after the report of federal prosecutors probing short-sellers, Bloomberg reports that an investment firm controlled by a top Abu Dhabi royal has built a short […]
Washington, DC – US President Joe Biden’s administration has finalised a new rule that will make most migrants and refugees arriving at the country’s southern border with Mexico in search of protection ineligible to seek […]
Via SchiffGold.com, During his post-FOMC meeting press conference, Federal Reserve Chairman Jerome Powell insisted that the US banking system is resilient and sound. He said this despite the failure of First Republic Bank just days […]
Los Angeles, California, US – About a year ago, a woman named Ana, who asked that her last name be withheld, gave birth to a baby boy named Israel. Ana was, as she put it […]
With the failure of three regional banks since March, and another one teetering on the brink, will America soon see a cascade of bank failures? Bloomberg reported Wednesday that San Francisco-based PacWest Bancorp is mulling a sale. […]
A Republican plan to cut federal spending in exchange for lifting the United States government’s debt ceiling would lower employment, slow economic growth and “meaningfully increase” the likelihood of a recession, Moody’s Analytics’ chief economist […]
Authored by Peter Earle via The American Institute for Economic Research, In an article last week, I referred to the combination of rapidly slowing US economic growth and persistently high inflation as “stagflation lite.” Despite […]
Authored by Conor Gallagher via NakedCapitalism.com, The New York Times had quite the interesting piece buried in its science section on April 28. Titled “U.S. Wires Ukraine With Radiation Sensors to Detect Nuclear Blasts,” it […]
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