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News & Articles By Kevin Hughes
06/08/2022
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By Kevin Hughes
BardsFM host Scott Kesterson: Americans will witness complete and total collapse of the economic system – Brighteon.TV
“BardsFM” host Scott Kesterson warned his viewers that a complete and total collapse of the economic system is coming soon. “We are in a place right now of constant and steady decline. We have seen what is going on right now around us. And eventually, we will witness a complete and total collapse of our system. […]
06/02/2022
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By Kevin Hughes
Home sellers reduce prices as housing market cools off
Many home sellers are cutting their prices as the housing market finally cools off following a scorching pandemic run. Nearly one in five sellers reduced prices during the four week period that ended May 22, real estate brokerage Redfin Corp. said in a report. That represents the highest rate of home sellers reducing their prices since October 2019. Other […]
05/26/2022
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By Kevin Hughes
Consumer stocks lose $550 billion in market value as rising costs and bloated inventories push retailers into the red
Some $550 billion in market value was wiped out from consumer stocks over a five-day stretch last week, increasing the downward pressure on a market already stressed by fear of inflation and soaring interest rates. “It has been an absolute bloodbath for retail. To a certain extent, I think that’s the rebalancing of expectations, and […]
05/20/2022
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By Kevin Hughes
Domino effect: TerraUSD collapse sends Bitcoin, Ethereum crashing
A recent market meltdown in the broader crypto market has cryptocurrencies like Bitcoin and Ethereum suffering huge losses. The massive meltdown was caused by the collapse of TerraUSD, one of the world’s biggest stablecoins. TerraUSD traded for as low as 23 cents amid panic selling and triggered a meltdown that sent cryptocurrency values plummeting. (Related: “Stablecoins” Terra and Luna crater, […]
05/16/2022
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By Kevin Hughes
Widespread diesel shortages to affect everything in America and around the world
Widespread diesel shortages will affect everything in America from the food supply to manufacturing and services. Refiners in the United States are now receiving an average of over $150 per barrel from the sale of gasoline and diesel at wholesale prices, while paying only around $100 to purchase crude. It suggests a margin of around $50 per barrel […]
05/10/2022
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By Kevin Hughes
Inflation expected to persist in India despite surprising rate hike by its central bank
India’s central bank raised its key policy rate for the first time since June 2018, a surprising move that led to an extensive selloff in bonds. But an economist expects the inflation to continue at least until the end of the year. Upasana Bhardwaj, senior economist at Kotak Mahindra Bank, said in an interview with […]
05/09/2022
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By Kevin Hughes
Treasury Secretary Janet Yellen admits Biden’s spending spree is affecting inflation
United States Treasury Secretary Janet Yellen recently admitted that President Joe Biden’s $1.9 trillion American Rescue Plan did play a role in inflation. The former head of the Federal Reserve told the Wall Street Journal editor-in-chief Matt Murray that the White House’s huge spending has contributed to the current inflationary environment, but quickly added that it was “justified” because of […]
04/25/2022
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By Kevin Hughes
Remote workers blame inflation, rising cost of gas for need to work from home
Remote workers are blaming Biden-fueled inflation charges and soaring costs of gas and childcare for their ongoing need to work from home. Now that the Wuhan coronavirus (COVID-19) positivity rates are low, remote work advocates are no longer blaming their desire to stay home on safety concerns, but instead on the financial effects of their day-to-day office schedule, which is […]
04/07/2022
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By Kevin Hughes
FMC commissioner warns China’s monopoly over container production could hurt the US economy
Federal Maritime Commission (FMC) Commissioner Carl Bentzel is calling for a policy debate on the long-term effects of America’s “complete reliance” on Chinese container manufacturing. “[The] Chinese container manufacturing industry clearly took steps together to suppress the market prior to the pandemic. Those efforts resulted, partly, in the congestion issues and increases in containerized prices, […]
04/06/2022
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By Kevin Hughes
Business and investing podcaster M.C. Laubscher: Entire world will suffer because of sanctions on Russia
Russia and the rest of the world are going to suffer because of the Russian sanctions, according to well-known business and investing podcaster M.C. Laubscher. “So these sanctions, if you want to break it down, who does the sanctions really hurt in the long run? Well, all of the people all over the world are […]
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