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Precarious: One Misfortune Away From Insolvency
15.05.2024, 23:00 Uhr. ZeroHedge News - https: - Precarious: One Misfortune Away From Insolvency Authored by Charles Hugh Smith via OfTwoMinds blog, As a result, a significant percentage of households that are considered middle-class are one misfortune away from insolvency. We can summarize the changes in our economy over the past two generations with one word: precarity, as life for the bottom 90%...
Peter Schiff: Biden Lies Again On Inflation
15.05.2024, 22:20 Uhr. ZeroHedge News - https: - Peter Schiff: Biden Lies Again On Inflation Via SchiffGold.com, This week on the Peter Schiff Show, Peter covers a week of dismal economic reports. Both jobless claims and consumer sentiment came in worse than expected last week, with both figures missing predictions by a wide margin. Peter also discusses public statements made by both Joe Biden...
April Cass Data Shows No Improvement In Freight Demand
15.05.2024, 21:27 Uhr. ZeroHedge News - https: - April Cass Data Shows No Improvement In Freight Demand By Todd Maiden of FreightWaves Another month passed without signs a recovery in the freight cycle was on the horizon. “Still waiting for it,” Cass’ April update on volumes and pricing stated. The shipments component of the Cass Freight Index fell again in the month, down 1.6% seasonally adjusted...
Coalition Of States Sue Biden Admin, California Over Electric Vehicle Mandates
15.05.2024, 20:45 Uhr. ZeroHedge News - https: - Coalition Of States Sue Biden Admin, California Over Electric Vehicle Mandates Authored by Katabella Roberts via The Epoch Times, A coalition of Republican-led states is suing the Biden administration and the State of California in an attempt to prevent new electric vehicle mandates on truck owners and operators throughout the country from going into...
Stimulus Today Costs Dearly Tomorrow
15.05.2024, 20:05 Uhr. ZeroHedge News - https: - Stimulus Today Costs Dearly Tomorrow Authored by Michael Lebowitz via RealInvestmentAdvice.com, Since the pandemic-related bazooka of fiscal stimulus, the outstanding Federal debt has risen appreciably. In nominal dollar terms, the recent debt surge is mindboggling. However, the increase is on par with the government’s negligent ways over the last...
US Futures Coiled Tightly Ahead Of Key CPI Print
15.05.2024, 13:31 Uhr. ZeroHedge News - https: - US Futures Coiled Tightly Ahead Of Key CPI Print Equity futures were set to hold yesterday's gains ahead of today's CPI report, but will move violently either higher or lower after today's CPI number is released, which will either validate or reject Jerome Powell’s latest signals that interest rates will be higher for longer (our CPI preview is here)...
Fiscal Bazooka: China Considers Buying Millions Of Homes To Save Property Market
15.05.2024, 13:03 Uhr. ZeroHedge News - https: - Fiscal Bazooka: China Considers Buying Millions Of Homes To Save Property Market In April's politburo meeting, the Chinese government's newfound focus on an oversupplied housing market was setting the stage to usher in new rescue policies to stabilize the economy. Weeks later, Bloomberg reported that the government was considering a plan for local...
How Steel Built the Modern Economy
15.05.2024, 11:00 Uhr. Foreign Policy - https: - And how it might yet save it....
Elections And Devaluations
15.05.2024, 04:40 Uhr. ZeroHedge News - https: - Elections And Devaluations Authored by Yves Smith via NakedCapitalism.com, Yves here. It’s revealing that Serious Economist Jeffrey Frankel limits himself to third-world examples in his case studies below on post-election devaluations. Perhaps it would be unseemly to look at, say, the US, UK, Japan, South Korea, or even Australia (admittedly the latter...
"We Need To Deal With The Debt" - Goldman CEO Warns Interest Costs On America's Ballooning Borrowings Means "Issues Down The Road"
15.05.2024, 02:20 Uhr. ZeroHedge News - https: - "We Need To Deal With The Debt" - Goldman CEO Warns Interest Costs On America's Ballooning Borrowings Means "Issues Down The Road" Authored by Tom Ozimek via The Epoch Times (emphasis ours), Goldman Sachs CEO David M. Solomon is the latest business leader to sound the alarm on the Biden administration’s deficit spending, which comes as the cost of...
Record Household Debt, Jump In Delinquencies Signal "Worsening Financial Distress", Fed Warns
15.05.2024, 00:00 Uhr. ZeroHedge News - https: - Record Household Debt, Jump In Delinquencies Signal "Worsening Financial Distress", Fed Warns While the market remains focused on tomorrow's CPI print, and to a lesser extent the April retail sales reports due at the same time, which will both be released at 8:30am on May 15. we should to flag another important report that doesn’t typically get a...
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