Fed Chair Jerome Powell & Co. are working on inflation.... That's all good.... But? America IS also doing a Recession ALSO.... And a Recession ain't happy time either.... “The Fed and the stock market are fighting. They’re in a brawl right now,” said … [Read more...] about Wall Street ain’t Happy with the more Fed interest rate increases….
The US Economy
Stocks fall almost 500 points on fears of a Recession…
A Recession that is probably here already..... Things are bit crazy right now.... The Fed is hiling interest rates to slow inflation , but their efforts are for naut if consumer pricews don't stop rising.... Oh, and borrowing money on the cheap IS going out the … [Read more...] about Stocks fall almost 500 points on fears of a Recession…
Biden wants a Federal Govt. look at why Oil/Gas prices are so High…
Average in California over $4 50 a gallon.... Nationally average almost $3.50 a gallon... President Joe Biden asked the Federal Trade Commission on Wednesday to "immediately" investigate whether illegal activity by oil and gas companies is pushing up gas prices as he … [Read more...] about Biden wants a Federal Govt. look at why Oil/Gas prices are so High…
Labor Unions increase strikes across the country…..
Union's continue to lose benefits and power across America.... Refusing their labor seems to be their only way to try to wring out any increases.... Workers in various industries nationwide are threatening to go on strike in a sweeping effort to secure higher pay and better … [Read more...] about Labor Unions increase strikes across the country…..
US added almost a million jobs in July….
This sound REALLY good.... But we'll have to wait for a while to see if the number is adjusted or the September back to school move affects things.... This flies in the face of the Delta virus daily media reports.... Some state have stopped extra stimulus payments … [Read more...] about US added almost a million jobs in July….
Congress considering closing China out of American farms….
America... The country that thrives for international trade is looking for protectionism against a Chinese buying spree across the the American economy.... The push to drain China’s influence from the U.S. economy has reached America’s farm country, as congressional … [Read more...] about Congress considering closing China out of American farms….
U.S. Federal Debt to exceed size of Economy….
The US Government rarely has a balanced budget... (It is unique in that the government prints the money) But as long as your dollar buys you what we all agree is a dollars worth of products or services and the government pays its bills? Things are fine... Joe Biden is … [Read more...] about U.S. Federal Debt to exceed size of Economy….
Jobless benefit numbers continue much higher then normal….
Joe Biden has a pandemic to deal with.... He also has a sputtering economy to deal with.... An estimated 803,000 people applied for unemployment aid for the first time last week, the Labor Department said Wednesday, showing the economy’s persistent weakness as new drama … [Read more...] about Jobless benefit numbers continue much higher then normal….