Ask anyone buying groceries.... The Labor Department said Tuesday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 0.4% in February from the previous month. Prices climbed 6% on an annual … [Read more...] about Inflation has slowed…But is still High…..
US Economy
Some state lawmakers want kids to do more work….
And increasing number of state's want to allow teenagers to put in more hours at work.... Probably at a cheaper rate of pay.... Competition against migrant labor? The economy is doing soooooo good we're reaching down for kids to work? Legislators in multiple states … [Read more...] about Some state lawmakers want kids to do more work….
Uh, Oh….Swiss Bank possibe trouble’s drives the Market down 500 points….
11:00 DST NY 3/15/2023..... Stocks tumble as Credit Suisse woes add to banking sector jitters Shares of the Swiss banking giant fell nearly 20 percent in early trading, creating new uncertainty in the wake of Silicon Valley Bank’s collapse... More... Did we say late … [Read more...] about Uh, Oh….Swiss Bank possibe trouble’s drives the Market down 500 points….
Biden goes ahead with approving Alaska Oil drilling…..
He said he wouldn't..... He changed his mind... Why? The Biden administration gave formal approval Monday for a huge oil drilling project in Alaska known as Willow, despite widespread opposition because of its likely environmental and climate impacts. The president is … [Read more...] about Biden goes ahead with approving Alaska Oil drilling…..
Facebook/Instagram parent Company Meta to lay off 10,000 employee’s….
They keep telling us the economy is good.... The Fed keeps raising interest rates.... Consumer prices keep going up..... Gas prices also.... Yea...Everythings fine, eh? Meta, the owner of Facebook and Instagram, said on Tuesday that it planned to lay off about … [Read more...] about Facebook/Instagram parent Company Meta to lay off 10,000 employee’s….
President Biden does the ‘Right’ thing for the Banks……
Yes.... The Biden admin IS bailing out two banks.... (Signature Bank is actually doing better as I type this) Don't think anything else.... And? It's the right thing to do.... The bank stocks are alright as of today .... The market people are still focused on … [Read more...] about President Biden does the ‘Right’ thing for the Banks……
Will the Fed Stop raising interest rates?
No more interest rate hikes? (For Now at least) All the 'market' people are REALLY talking about right now is interest rates #1 The Banks #2 They want ole' Jerome & Co. over at the Fed to STOP raisng the interest rates...... The market people (and consumers) … [Read more...] about Will the Fed Stop raising interest rates?
Biden tries to get around Govt. Money backing the Banks….
Just hearing the President of the United States SAY the banks are safe is NOT gonna work I believe.... But? Biden did say 'He will do 'Whatever has to be done'..... But this morning ANOTHER bank (First Republican) went in the tank today..... ALL the bank … [Read more...] about Biden tries to get around Govt. Money backing the Banks….