NOT DROP.... Slows..... From what I spend? Food prices ain't dropping.... Gas prices are the same as they havwe been for months.... I don't see it.... But I AM told house mortgage rates HAVE dropped slightly.... Ole Jerome I'd bet will hike the rate his bank … [Read more...] about Bean counter’s say inflation slows……
US Economy
Biden admin moves to try get to 50% of American vehicle’s be Electric by 2035….
One doubts that this is gonna happen in the time frame Biden wants.... Last year only 5.8% of American vechiles where electric.... That means 94% of American vehicles use gas/diesel..... The Biden administration is planning some of the most stringent auto pollution limits … [Read more...] about Biden admin moves to try get to 50% of American vehicle’s be Electric by 2035….
March 2023 American jobs numbers come in lower then expected…..
All them BIG companies layoff's and continued people NOT wanting to 'go to work' to work for low wages ARE showing up in the payroll numbers declining.... Ole' Jerome at the Fed should be happy.... The stealth Recession is showing up in the numbers..... And? The South … [Read more...] about March 2023 American jobs numbers come in lower then expected…..
Republicans have NO Budget or Debt plan…..
NONE..... They are begging President Biden to go first..... It IS that BAD..... How do you negotiate with someone who has no idea what they want? That’s the challenge for President Biden as Republicans say he must (A) satisfy their fiscal demands before they’ll … [Read more...] about Republicans have NO Budget or Debt plan…..
Fed’s setting up more money to back up the banks…..
Don't call it what it is.... Circa 2008/2009? The Federal Government is seeking to' bail out 'the banks depossits IN WHOLE...... The 'crisis' mode has dropped from the headlines but things ain't normal for the industry which has tried to prop up things on it's own with … [Read more...] about Fed’s setting up more money to back up the banks…..
FED interest rate raised .25%
This is NOT a surprise.... Fed raises interest rate for the Big banks .25%... They admit their efforts on Inflation are NOT doing that good.... Update... Federal Reserve officials raised interest rates by a quarter-point on Wednesday as they tried to balance two … [Read more...] about FED interest rate raised .25%
420,000 LA students have the day of from school due to a teachers strike…..
The strike will last until Friday, when employee's will return to work.... Classrooms in Los Angeles sat vacant again on Wednesday morning, as tens of thousands of teachers and employees in the nation’s second-largest school district continued a three-day strikethat has left … [Read more...] about 420,000 LA students have the day of from school due to a teachers strike…..
Second weak Bank First Republican has Big Banks coming to the rescue…
This IS a heartening signal about the US Banks taking care of business.... Eleven of the nation’s largest banks announced Thursday that they would deposit a total of $30 billion into First Republic Bank, as Wall Street and U.S. officials staged an emergency intervention … [Read more...] about Second weak Bank First Republican has Big Banks coming to the rescue…