It IS the East Coast fall storm season.... The National Hurricane Center was monitoring two disturbances in the tropics Monday, one of which has a high chance of developing into a tropical depression or storm sometime this week. The NHC said a disturbance located several … [Read more...] about Two new storms forming in the Atlantic ….
US Economy
The Fed’s effort to tamp down Inflation is NOT working…But it is screwing the world’s economies…
Inflation keeps rising because consumer prices KEEP rising.... Business's haven't stopped charging people MORE.... The Fed's interst raises are just beating up home sales... And? Causing other countries economic problems also.... The pandemic and other factors are … [Read more...] about The Fed’s effort to tamp down Inflation is NOT working…But it is screwing the world’s economies…
Govt. spending dealine pushed back to Dec.16….
The House and Senate jettisoned Sen. Manchin's deal and agreed to a 'stop gap' 'Contiuuing Resolution' budget fix till Dec.16.... Oh, and they added another $12.4 Billion for what maybe come the American 51 state , the Ukraine.... The President does NOT get addtional money … [Read more...] about Govt. spending dealine pushed back to Dec.16….
Covid Aid ends up used for roads, buildings and other capitol projects….
I guess President Biden shouldn't try to get more covid and monkeypox money.... The states simply are NOT gonna spend the money for possible sick people.... The only good thing is capital projects generate pay for workers...'Jobs' money.... Republicans may complain about … [Read more...] about Covid Aid ends up used for roads, buildings and other capitol projects….
Fed Chair Powell admits he don’t know if his moves are gonna work….
Well? At least the guy admits what some of have known.... His efforts to drive down the American inflation is NOT working.... I'm no economist... But? The Fed is bneating down the housing market and the Stock Market with the interst hikes.... But? Consumer … [Read more...] about Fed Chair Powell admits he don’t know if his moves are gonna work….
The Ferd raises interest rates by .75 points…..
The Federal Resreve is trying to drive down inflation.... They ain't doing a good job.... The prblem IS consumer prices.... Not home mortgages or car loans..... Or even gas prices.... And? A Recession IS also brewing on top of this..... The Federal Reserve … [Read more...] about The Ferd raises interest rates by .75 points…..
Mortgage rates up to 2008 level….
2008/2009 the bottom fell out of the American Economy.... The Federal Reserve IS raising interest rates to combat Inflation.... Their actions haven't stopped consumer high prices despite the gas price's dropping..... But the home ownership market HAS slowed.... The … [Read more...] about Mortgage rates up to 2008 level….
Biden….There will be NO Rail Strike….
President Biden's Labor Sec Walsh worked 20 hours to make sure ...... And actual strike would have been catastrophic for the country, unions and labor.... Biden gets props..... — Freight rail companies and unions representing tens of thousands of workers reached a … [Read more...] about Biden….There will be NO Rail Strike….