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01.12.2024

While consumer prices surge a little, producer prices drop for third consecutive month. Are we getting the soft landing?

By Robert Romano Consumer prices experienced a 0.3 percent increase in the December amid jumps in electricity, shelter and medical care services, growing at 3.4 percent rate over 12 months, according to the latest data from the Bureau of Labor Statistics, while producer prices cooled off for the third month in […]

01.11.2024

Sen. Rand Paul offers Fed audit as regional bank bailout hits $141 billion

By Robert Romano Legislation offered by Sen. Rand Paul (R-Ky.), the “Federal Reserve Transparency Act of 2024,” would conduct an audit of the U.S. Federal Reserve by the Government Accountability Office (GAO) for the first time since the Dodd-Frank legislation of 2010 required an audit of the central bank’s purchases of mortgage-backed securities. […]

01.09.2024

Not in labor force increased by 845,000 in December, 436,000 were over the age of 65 as 635,000 fewer Americans report having jobs

By Robert Romano The number of Americans not in the labor force increased by 845,000 to 100.5 million Dec. 2023, according the latest data from the Bureau of Labor Statistics (BLS) household survey, including 436,000 who were over the age of 65 , as the Baby Boomer retirement wave continues en force. In the same month, 635,000 fewer Americans reported having jobs on a seasonal basis, 145,000 of whom were seniors (although seniors are measured by BLS on […]

12.14.2023

As inflation continues to cool, Fed keeps rates steady, slowdown expected in 2024

By Robert Romano The Federal Reserve on Dec. 13 held the Federal Funds Rate—the rate at which banks lend to each other—steady at 5.25 percent to 5.5 percent, as the consumer inflation once again cooled to 12-month average level of 3.1 percent, according to the latest data compiled by the Bureau of Labor Statistics . Leading the cooldown were […]

12.05.2023

Will House Republicans be able to defund ESG this year?

By Robert Romano “Anti-woke economic terrorists have now wiped out $5 trillion in stock value.” That was a headline from Afru.com bemoaning the sideways performance of Environmental, Social and Governance (ESG) funds the past year or so, accusing anyone opposed to ESG with inflicting “economic terrorism” and “erod[ing] financial portfolios of […]

12.04.2023

Biden’s CFPB Director Wants You To Pay For Late Credit Card Payers

By Rick Manning Imagine a regulatory body of the United States government deciding that people who pay their bills should subsidize those who don’t. Well, imagine no more.  The constitutionally dubious Consumer Financial Protection Board (CFPB) has a proposed rule (Regulation Z) that would lower the penalty […]

11.29.2023

Plummeting fertility and the aging population is killing economic growth as the national debt is exploding with entitlement spending—should hit $100 trillion by 2037 or so

By Robert Romano As the Baby Boomer retirement wave continues apace, the percentage of the working age population over the age of 65 continues to rapidly increase—since 1960, it has gone from 16 percent of the population to 26 percent of the population—and with it the $33 […]

11.27.2023

Better off? The chart says no as consumer prices up 6.1 percent since April 2021 while personal income only up 4.4 percent.

By Robert Romano The U.S. economy has been on a rollercoaster ever since the Covid pandemic of 2020, first with high unemployment and near deflationary levels as the global economy was locked down, followed by a deluge of government spending, borrowing and printing almost $7 trillion, followed […]

11.22.2023

As both trade deficit and existing home sales dip, red warning lights are flashing on U.S. economy as 2024 rapidly approaches

  By Robert Romano As 2023 is winding down to a close, the U.S. trade in goods deficit with the world is down $101 billion for the first nine months of the year to $802 billion, an 11.2 percent decrease so far, with still three months of […]

11.16.2023

As consumer and producer inflation cools, is a recession on the horizon in 2024?

By Robert Romano Both annualized consumer and producer inflation decreased in October from 3.7 percent to 3.2 percent and from 2.2 percent to 1.3 percent , respectively, according to the latest data from the Bureau of Labor Statistics, amid a drops in oil prices. On the consumer side, gasoline prices dropped 5 percent in October […]

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