By Robert Romano On Sept. 13, the Bureau of Labor Statistics will release a fresh batch of consumer inflation data for Aug. 2022, what will likely show a drop of the current, annualized 8.5 percent rate as demand contracts in the teeth of another global recession. In July 2021 , inflation grew at a monthly, […]

By Rick Manning Woke retailers like Home Depot, Kroger, and Walmart are asking Congress to pass their own special smash and grab worth billions of dollars by mandating changes to how credit cards are processed. Joining forces with far-left Democratic Senate Majority Whip Dick Durbin of Illinois, […]

By Robert Romano Since 1980, when the national debt was $907 billion and just 31.7 percent of the Gross Domestic Product (GDP), the debt has grown by an average of 9 percent a year, to its current level of more than $30.7 trillion — 124 percent of GDP — according to […]

By Robert Romano Baby Boomers are retiring faster than the population of 16-to-64-year-olds is increasing, an analysis of Bureau of Labor Statistics data shows , with 3.2 million more 65-years-old-or-older Americans leaving the civilian labor force since Jan. 2020. Comparatively, the population of 16-to-64-year-olds has only increased by 1.5 million since Jan. 2020 to its current […]

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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 […]