us economy

Biden is wrong again: A recession is inevitable and so is stagflation

  President Biden has recently made a one-word statement that explains his understanding of the economy today and where he…

2 years ago

Inflation Pauses — But Will Get Even Hotter This Summer

The Bureau of Labor Statistics released the inflation report for the month of April on its Consumer Price Index (CPI), showing it…

2 years ago

The 1.7 million workers hired in the first quarter produced negative output

Initially, the number released for economic activity in the first quarter of this year did not make sense. Total employment…

2 years ago

Price Gouging is a Myth

President Biden as well as other Democrats in Congress say that the increase in the price of gasoline is due to oil…

2 years ago

The numbers indicate a coming recession

The Bureau of Labor Statistics just released its jobs report for March.  It said total employment increased by 431,000.  That means that for…

2 years ago

Billionaire Tax is Wrong, Unfair and Counter-Productive

President Biden has just released his proposal for the Federal government’s budget for fiscal year 2023. In spite of an…

2 years ago

Fed’s Slow Pace on Interest Rate Hikes Will Lead to More Inflation and Then Recession

At their March meeting, the Federal Reserve decided to raise interest rates a meager 0.25 percent. That hike will do…

2 years ago

Oil and Gas Prices Have Peaked, But Inflation Will Continue

The good news is that oil and gas prices have peaked. The bad news is that inflation will continue to…

2 years ago

Inflation at 7.9% — But the Worst Is Yet to Come

The Bureau of Labor Statistics just released the Consumer Price Index (CPI) for February. Prices rose by 0.8% for the…

2 years ago

Energy, inflation, Putin — here’s a solution to three problems

It is interesting to note the relationship between energy prices, overall inflation and Mr. Putin’s aggression. Unless there is an…

2 years ago

February Jobs Report Shows Fed Must Act Aggressively

Recently released data indicates that the US economy added 678,000 jobs in February. That strong number would be great news if it…

2 years ago

Yikes! Blame the Biden Administration for 7.5% Inflation

This is starting to sound like a broken record. Time and again, in my columns for the last 10 months, I’ve…

2 years ago

Latest Data Confirms – The Economy is Overheated

The Bureau of Economic Analysis (BEA) just released the first estimate for real GDP growth for the fourth quarter of…

2 years ago

In Biden’s America, Citizens Live in Fear

During Joe Biden’s first year in office, America’s demeanor has changed dramatically from the optimism characteristic of the prior administration…

2 years ago

Build Back Better will balloon the Public Debt and lead to more inflation

President Biden is urging the Senate to pass the Build Back Better (BBB) massive spending bill that has already passed…

2 years ago