marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
economy
05/06/2022
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By News Editors
It’s mid-2022 and the fed has still done nothing to fight inflation
It was last August when Jerome Powell began to admit that inflation just might be a problem. But even then, he was only willing to say that inflation would likely be “moderately” above the arbitrary 2 percent inflation standard. Back in August, low inflation—not high inflation—was still perceived to be the “problem.” But things had certainly changed […]
05/05/2022
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By Mary Villareal
Americans are quitting jobs at record pace, forcing employers to offer more to attract workers
Over 4.54 million Americans quit their jobs instead of returning to office as companies end remote-work policies offered during the Wuhan coronavirus (COVID-19) pandemic. According to the Department of Labor, the all-time high number of people quit their jobs in March, edging out a record set last November. Following massive resignations, the number of job openings also increased to […]
05/05/2022
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By Mary Villareal
Supply chain on the brink of COLLAPSE as diesel price surge hits trucking industry hard
The price of diesel has reached an all-time high of $5.321 a gallon, leaving the trucking industry reeling and the supply chain on the brink of collapse. Oil and gas prices have also increased, now standing at $4.187 a gallon, just a smidge down from the all-time high of $4.331 set on March 11. The trucking industry relies […]
05/05/2022
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By News Editors
Why every American should care that diesel prices are surging across the country
Gasoline prices are increasing almost daily, pinching the wallets and pocketbooks of nearly all Americans with cars. However, as bad as that news is, diesel prices are surging even more across the country. Today’s truckstop retail diesel prices hit a new record of $5.32/gallon. Since February 1st, national truckstop diesel prices have increased by $1.57/gallon. […]
05/04/2022
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By Ethan Huff
China’s latest lockdowns will shut down U.S. trucking this summer
The situation in communist China with the government’s new Wuhan coronavirus (Covid-19) lockdowns in Shanghai and Guangzhou – and now Beijing – is slated to decimate America’s trucking industry this summer. United States truckload volumes were already down in February and March for reasons not specifically related to China, and now they are expected to […]
05/03/2022
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By JD Heyes
Global supply chain disaster brewing as wide swaths of manufacturing CLOSED in China due to pandemic-related shutdowns
The world’s supply chain was severely disrupted by lengthy lockdowns during the COVID-19 pandemic imposed by almost every nation on earth, but the lockdowns that hurt the worst were those in China. That’s because the West long ago surrendered much of its manufacturing capability to China where labor is cheaper and the Chinese government cares […]
05/03/2022
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By News Editors
US economy crashes headlong into recession
Is it too extreme to say an annualized GDP growth number of minus 1.4% this quarter puts us in recession in this quarter, and is it too extreme to call that a “crash?” No, it is not in the least extreme, and I’ll tell you why, even though the standard definition of a recession is two consecutive quarters of negative GDP change. (Article […]
05/02/2022
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By JD Heyes
The Fed is destroying the home mortgage industry as rate hikes due to ‘Bidenflation’ lead to 70 percent reduction in lending
There is a reason why our founders abhorred a strong federal government with its own bank: Allowing centralized control over the country’s financial system would lead to greed, ineptitude, and disaster. The Federal Reserve either refused to step in ahead of time or did not see the 2007 housing and financial collapse coming — either […]
05/01/2022
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By Mary Villareal
No signs of slowing down: Diesel price jumps 42.8% from beginning of the year, way ahead of gasoline’s 25% increase
The increase in diesel price has raced past that of gasoline. Data from the Department of Energy‘s Energy Information Administration (EIA) showed that diesel price has jumped a staggering 42.8 percent while the price of gasoline has increased 25 percent from the beginning of the year. Given the enormous role of Russia as a supplier of […]
04/28/2022
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By Arsenio Toledo
IMF director ADMITS world’s central banks “printed too much money”
The director of the International Monetary Fund (IMF) slipped up and admitted that the world’s central banks may have printed too much money and did not think of the consequences. “I think we are not paying sufficient attention to the law of unintended consequences,” said Kristalina Georgieva, who has led the IMF as its chair and managing director since […]
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