By Robert Romano President Joe Biden is insisting on a rubber stamp for increasing the debt ceiling from its current level of $31.4 trillion, which U.S. Treasury Secretary Janet Yellen is warning Congress will come due on Jan. 19 as so-called “extraordinary measures” to refinance the debt […]
By Robert Romano U.S. Treasury Secretary Janet Yellen has warned that the U.S. debt ceiling will come due on Jan. 19, as so-called “extraordinary measures” of refinancing the debt up to the current limit $31.4 trillion are reached, setting up a showdown in Congress as the newly elected […]
By Robert Romano Consumer inflation has fallen to 6.5 percent over the past 12 months as petroleum and gasoline prices continue declining according to the latest data published by the Bureau of Labor Statistics . In December, prices for all items actually declined 0.1 percent. Which is what usually happens in recessions after peak employment is reached. Consumers max […]
By Robert Romano The U.S. Federal Reserve once again hiked its core interest rate , the Federal Funds Rate, by another 0.5 percent to 4.25 percent to 4.5 percent amid continued high prices even as inflation has cooled somewhat the past five months, as the central bank downgraded its 2023 economic forecast on both growth and labor markets. […]
By Rick Manning November of 1621 marked one-year in the New World for a band of what began as 35 English religious separatists and 67 entrepreneurs who had landed on the shores of New England. In their first winter, harsh conditions and diseases like pneumonia and scurvy […]
