By Robert Romano Consumer inflation cooled a bit in July down to 8.5 percent from its prior high of 9.1 percent, according to the latest data from the Bureau of Labor Statistics as President Joe Biden touted “zero inflation” at an Aug. 10 press conference for the month of July. The annualized rate is still rather high, but any softening of inflation — […]

by Rick Manning The drop in productivity per worker in Biden’s America is a really bad sign.  It means that employers have to pay more to get the same work product at a time when the amount of people available to hire remains more than half a […]

By Rick Manning President Joe Biden and ‘conservative’ Democrat Joe Manchin’s alleged inflation fighting legislation passed through the Senate this past weekend.  It will be surprising to many Americans that the inflation fight includes hiring 87,000 new Internal Revenue Service agents, who are supposed to squeeze $200 billion out of their pockets over the next ten years. This is the Democrats plan […]

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By Robert Romano Today, the U.S. unemployment rate ticked down to a 50-year low of 3.5 percent as 179,000 more Americans were employed in the Bureau of Labor Statistics’ household survey. After today, there will only be three more unemployment reports before the Nov. 8 Congressional midterms : Sept. 2, Oct. 7 and Nov. 4. President Joe Biden — who said the day […]

By Richard Manning The Federal Trade Commission’s website states, “Our mission is protecting consumers and competition by preventing anticompetitive, deceptive, and unfair business practices through law enforcement, advocacy, and education without unduly burdening legitimate business activity.” The Biden FTC, led by Chair Lina Khan, in […]

By Robert Romano Job openings have crashed by more than 1.1 million since March to about 10.7 million, appearing to signal an imminent uptick in the unemployment rate over the coming months and perhaps years depending on the severity of the current recession, an analysis of Bureau of Labor Statistics (BLS) Job Openings and Labor Turnover (JOLT) survey and household survey data showing an inverse relationship […]

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By Robert Romano “That doesn’t sound like a recession to me.” That was President Joe Biden on July 28, right before he rushed away from reporters who likely had questions about the 0.9 percent contraction annualized of the Gross Domestic Product (GDP) in the second quarter reported by the Bureau of […]

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