By Robert Romano The White House Office of Management and Budget (OMB) in the now-released President’s Budget is projecting just 0.6 percent in inflation-adjusted real growth of the U.S. economy in 2023 as the unemployment rate is expected to rise to 4.3 percent in 2023 and peak at 4.6 percent in 2024 […]
By Robert Romano The spread between 10-year treasuries and 2-year treasuries, often a reliable recession predictor, has been inverted since June 13 , following another brief inversion on March 31 following Russia’s invasion of Ukraine and the worsening global supply crisis that has led to crushing consumer inflation the past year, which still remains elevated at 6.4 percent over twelve months […]
By Robert Romano Former President Donald Trump, Republican candidate for president in 2024, is proposing automatic reciprocal trade tariffs on goods from foreign trade partners in response to competitive currency devaluations including China, the trade in goods deficit which rose $30.4 billion to $382.9 billion in 2022, […]
By Robert Romano Former President Donald Trump, who is once again running for president as a Republican in 2024, has promised in a video post on Truth Social to ban via executive order and changes to federal law Environmental, Social and Governance (ESG) retirement investments that have led to divestment from traditional U.S. energy […]
By Robert Romano Non-seasonally adjusted unemployment continued claims have steadily increased by 755,000 since Oct. 2022 , the latest data from the U.S. Department of Labor shows, amid a smattering of layoffs in certain sectors as labor markets continue to show signs they have no further room for expansion amid […]
By Robert RomanoConsumer inflation remains elevated 6.4 percent over the past 12 months, with a 0.5 percent increase in January, according to the latest data from the U.S. Bureau of Labor Statistics. Food was up 0.5 percent—and 10.1 percent for the past year. Energy was up 2 percent, […]
By Robert Romano “President Biden’s failure to submit his budget to Congress by the deadline for the third year in a row, along with my Democrat colleagues’ inability to even pass a budget out of committee for the last two years, reinforces a resounding message that fiscal […]