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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 […]
05/06/2022
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By News Editors
The great currency reset and why Europe is trapped
There’s a lot of news flying around about the changes happening in global currency trading. (Article republished from TomLuongo.me) From “Gas for Rubles” to “What the Hell is Going on With the Yen?” there are a lot of questions and very few answers as to what it all means and whose on which side of […]
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 News Editors
Uber reports surging revenue as drivers return, but posts massive loss on investments
Uber on Wednesday reported surging revenue during the first quarter as the ride-hailing company said it’s recovering from its coronavirus lows and wouldn’t have to put up “significant” investments to keep drivers on the platform. (Article by Jessica Bursztynsky republished from CNBC.com) But it also reported a $5.9 billion loss during the period that was largely attributed to the revaluation of […]
05/05/2022
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By Mike Adams
The most epic and dangerous economic STORM in history is now upon us
The most epic and dangerous economic storm in history is now upon us… and there’s no way out. The central banks and government kleptocrats have set the trap for themselves, and now they’re caught with no escape. Yesterday the Fed just raised interest rates by 50 basis points (0.5%) in an effort to stem the […]
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 JD Heyes
Foreclosures have already begun to surge amid economy-destroying Fed rate hikes
The Biden regime’s intent to destroy the powerhouse economy that President Donald Trump built in just four short years actually began when the leftist deep state pushed him to agree to recommend lockdowns and business closures during the COVID-19 pandemic in 2020, the year the same people were plotting to steal his reelection. And now […]
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 Mary Villareal
Ocean freight rates climb for third straight month; volatile global shipping costs worsening inflation
Ocean freight rates have climbed for the third consecutive month in April, this time by 11.1 percent. The increase now stands at 109.9 percent year-over-year. According to the International Monetary Fund, there is a correlation between the volatile global shipping costs and ongoing inflation. Data from 143 countries over the past 30 years have shown […]
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 […]
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