By Robert Romano The Producer Price Index and Consumer Price Index have both recovered dramatically in the month of July, each growing 0.6 percent amid increased demand for oil and gasoline, according to the Bureau of Labor Statistics (BLS). About one-third of the producer price jump and one-quarter of the consumer price increase, […]
By Robert Romano The U.S. economy produced between 1.35 million and 1.8 million jobs the month of July, bringing the total number of jobs created since April when labor markets bottomed with the federal and state governments in lockdown to combat the Chinese coronavirus to between 9.3 million and 10 million. […]
By Rick Manning Socialism is theft. At their very core, these Marxists believe that they have a right to take the property of others and make it their own without even bothering to compensate the rightful owner in any way. Thieves, looters, mobsters and some government officials, […]
By Robert Romano U.S. mutual funds and pension funds, including private, state and local government pensions, have invested about $251 billion in Chinese equities and bonds including Hong Kong, according to an Americans for Limited Government estimate of U.S. Treasury data. That is out of a total […]
By Robert Romano The U.S. economy contracted a record-setting, inflation-adjusted, annualized 32.9 percent in the second quarter of 2020 according to the latest data from the Bureau of Economic Analysis as tens of millions of Americans waited out the Chinese coronavirus in their homes, not venturing out much […]
By Robert Romano Senate Republicans are proposing to modify expanded unemployment under the COVID-19 pandemic to remove a perverse incentive for many workers to stay on unemployment rather than return to their jobs after the economy reopens because they are making more money collecting benefits. Originally a stopgap […]
By Robert Romano Another net 930,000 Americans left continued unemployment claims the week of July 11, according to the latest unadjusted data from the U.S. Department of Labor as momentum continues to bring millions of Americans back into the labor force. In the same week, initial unemployment claims […]
By Robert Romano The national debt has skyrocketed by $3.3 trillion since the beginning of 2020 amid record spending by Congress in response to the China-originated COVID-19 pandemic, which forced states to shut down their economies as businesses large and small, critical industries, state and local governments and the American people […]
By Rick Manning The Labor Department has a fiduciary responsibility to end all private retirement investments in dangerous Chinese investments by amending the current pending regulation on Financial Factors in Selecting Plan Investments to disqualify all companies that do not adhere to the transparency requirements of Dodd-Frank and Sarbannes-Oxley. As a former Labor […]
By Robert Romano Another 630,000 Americans came off continuing unemployment claims the week ending June 27, according to the latest unadjusted data from the U.S. Department of Labor, proving President Donald Trump is right about the economy rapidly recovering from the COVID-19 pandemic state-based shutdowns. Since the week […]
