marketcrash
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debtcollapse
price increase
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 […]
05/15/2022
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By Mary Villareal
Biden administration cancels gas lease opportunities despite soaring fuel prices
The Biden administration has canceled major oil and gas lease opportunities in the Gulf of Mexico and off the coast of Alaska, blocking the opportunity to drill for oil in over a million acres despite the soaring gas prices in the United States. The Department of the Interior cited a “lack of industry interest in leasing […]
05/12/2022
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By Mary Villareal
Americans blame Democrats, Biden’s leadership as gas prices hit record highs
Surveys have shown that Americans blame Democrats and President Joe Biden’s leadership as gas prices reached record high levels. Inflation also hit a 40-year high and the U.S. Gross Domestic Product shrunk 1.4 percent in the first quarter of the year. As voters admit that rising gas prices are touching every aspect of their lives, the economy […]
05/06/2022
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By Arsenio Toledo
Meat prices will continue to rise for the next two quarters, warns US meatpacker
National Beef, one of America’s largest meatpackers, has warned that the price of beef will continue rising at least for the next two quarters. The Kansas City-based beef processing company, whose parent is Brazilian food processing giant Marfrig, noted that it is expecting stable margins for the next two quarters. This suggests that their operating costs, […]
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 […]
04/22/2022
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By News Editors
David Stockman on inflationary hell that’s about to break loose
It is only a matter of time before Kiev surrenders to the Russians, with or without their clown-car president signing the armistice. But that deal will be so onerous from Washington’s perspective that it will not mark the end of the sanctions war, but will be an excuse for its actual intensification and indefinite prolongation. […]
04/20/2022
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By Ethan Huff
As grain prices reach historic highs, China is stockpiling food supplies from around the world
Communist China just made its largest purchase of U.S. corn since May of 2021 as grain prices reach record highs. The U.S. Department of Agriculture (USDA) confirmed the flash sale, which amounted to 1.010 million metric tons of corn purchased by the Chinese Communist Party (CCP) as it attempts to get ahead of the stockpiling […]
04/15/2022
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By Arsenio Toledo
Prices of wholesale goods in Germany post largest annual increase in 60 years
Germany’s year-over-year wholesale prices for March surged, with the country experiencing its biggest increase since wholesale price indexes were first calculated 60 years ago. This is according to the German Federal Statistics Office, known as Destatis, which recently released a report showing that wholesale prices of food, fuel and minerals increased by 22.6 percent in March […]
04/14/2022
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By Arsenio Toledo
Inflation surges by 8.5% to 40-year high, disproving White House claims it wouldn’t go higher than 2.2%
Despite the predictions of the White House that runaway inflation is on its way down, the latest report from President Joe Biden’s own Department of Labor shows that year-over-year inflation has surged to a new forty-year high of 8.5 percent in March. The consumer price index (CPI), which measures how much consumers pay for goods and services, last […]
04/14/2022
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By News Editors
On the heels of Russia’s dollar bond default, Sri Lanka defaults on its dollar debt – who is next to destabilize just so its people can eat?
Noted journalist (once upon a time journalists were actually recognized as ‘noted’-not just paid off propagandists) and author Alfred Henry Lewis said in 1906, “There are only nine meals between mankind and anarchy.” (Article by Stan Szymanski republished from EncouragingAngels.org) According to Bloomberg | Quint: ‘Sri Lanka warned of an unprecedented default and halted payments on […]
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