05.13.2022

Biden promises to boost U.S. wheat production to combat loss of Ukrainian, Russian wheat exports, but production here is down 15 percent since 2019

By Robert Romano President Joe Biden is promising to boost U.S. production of wheat to offset the loss of Ukrainian and Russian exports from the Black Sea thanks to Russia’s invasion of Ukraine that has shut down the ports there, stating at a farm in Illinois on May 11 that he would extend crop insurance for […]

05.13.2022

Cartoon: The Hunger Games

05.11.2022

Inflation up another 8.3 percent in April as Biden economy teeters on the edge. Has the recession already begun?

By Robert Romano Consumer inflation increased another 8.3 percent annualized in April, according to the latest data compiled by the Bureau of Labor Statistics (BLS) , amid increases in prices for housing, food, airline tickets and new vehicles. And it is crushing wages, with BLS reporting a 2.6 percent drop in real average hourly earnings , thanks to the inflation. Inflation has now been north of 5 percent since June 2021 , in what is […]

05.10.2022

The U.S. economy lost 353,000 jobs in the household survey last month. Is Biden better off if the recession happens now?

By Robert Romano The U.S. economy shed 353,000 jobs in April in the household survey compiled by the Bureau of Labor Statistics (BLS). This came a month after the first quarter ended with the economy contracting 1.4 percent on an inflation adjusted basis, according to data compiled by the Bureau of Economic Analysis (BEA) . If it contracts again in the second quarter, that will be a […]

05.09.2022

Why FINRA Must Butt Out of Individual Investor Choices

05.09.2022

Cartoon: Blast from the past

05.04.2022

Has the Fed already lost the war on inflation?

By Robert Romano The Federal Reserve on May 4 has increased its key interest rate, the Federal Funds Rate, from 0.25 to 0.5 percent, to 0.75 percent to 1 percent , a half a percentage point, and the highest rate hike since the year 2000. “With appropriate firming in the stance of monetary […]

04.28.2022

Is Biden’s already recession here? U.S. economy contracts 1.4 percent in first quarter amid crushing inflation.

By Robert Romano Well, that didn’t take long. It has only been a month since the spread between 10-year treasuries and 2-year treasuries — a reliable recession indicator that has predicted almost every recession in modern economic history — inverted on March 31. Now, here we are, and the first quarter Gross Domestic Product (GDP) […]

04.27.2022

Apple and Google Play threaten to remove Elon Musk’s Twitter from your phones if free speech is allowed on the platform

By Robert Romano “I am told this morning that Apple and Google will remove Twitter from the App Store if it does not moderate and remove hate speech under @ElonMusk. This isn’t a new policy, but a commitment already made. Amazon Web Services has the same commitment. […]

04.25.2022

Cartoon: Mostly Peaceful Takeover

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