By Robert Romano This week, the House of Representatives will be considering legislation to reauthorize the Restaurant Revitalization fund , which would be increased $70.6 billion from its current level of $28.6 billion. The fund has been exhausted for eight months now and was originally a part of President Joe Biden’s $1.9 trillion stimulus […]

By David Potter Historically speaking, high inflation—greater than 5 percent—has always preceded many of the  recessions in the United States. The causality follows a simple chain of events. Household budgets for items such as housing, food, and energy are fixed — or at least rigid — for […]

By Robert Romano The spread between 10-year treasuries and 2-year treasuries , a leading recession indicator whose inversions have predicted almost all of the U.S. economic recessions in modern history, on March 31 inverted for the first time since Sept. 2019 . When the 10-year, 2-year spread inverts, a recession tends to result on average 14 months afterward , sometimes sooner, sometimes later. The one time there was […]

By Robert Romano “With regard to food shortage, yes, we did talk about food shortages.  And — and it’s going to be real.  The price of these sanctions is not just imposed upon Russia, it’s imposed upon an awful lot of countries as well, including European countries […]

By Sheryl Kaufman A few Executive Orders quite quickly flipped the U.S. energy supply situation from surplus to shortage. Just wait until you see what they can do to the world food supply. President Joe Biden campaigned on destroying the American fossil fuel industry. On […]

By Robert Romano The Federal Reserve on March 16 has hiked the Federal Funds interest rate for the first time since 2018 in response to 7.9 percent consumer inflation and 10 percent producer inflation , according to the latest data from the Bureau of Labor Statistics. Here, the central bank is raising the interbank lending interest rate to 0.25 to 0.5 […]

By David Potter Reality is stranger than fiction. Today, people with computerized brain implants inhabit the earth. Though ethical concerns and hardware limitations remain, biotech companies seem determined to move forward with their plans to bring such devices to the masses as health agencies across the globe are even […]

By Robert Romano After Covid, the employment population ratio of 16- to 64-year-old working age adults — the percentage of people legally eligible to work who are working — has declined 1.9 percent, from a peak of 71.4 percent in 2019 to 69.4 percent in 2021, according […]

Cryptocurrencies were once thought of as the wild west of digital transactions. At crypto’s birth, there was little to no oversight or regulation. It was only a matter of time before governments worldwide would start reacting to this new technology — and regulating it. For the U.S., that happened on March 9 […]

By Robert Romano Inflation has hit 7.9 percent over the past twelve months, according to the Bureau of Labor Statistics , amid more than $6 trillion of new spending and borrowing by Congress to fight Covid, compounded by the supply chain crisis that was also caused by Covid as oil has surged to well over $100 a barrel . And, even with inflation […]