‘She Wasn’t Ackshually Border Czar’: Media Gets Whiplash Rewriting History
‘She Wasn’t Ackshually Border Czar’: Media Gets Whiplash Rewriting History You knew it was coming. First, Reuters/Ipsos put their thumb on the scale in a new ‘shock’ poll showing Vice President Kamala Harris leading Donald Trump in the 2024 race – because they egregiously oversampled Democrats. Now, the media is performing triage for Harris – […]
Financial Insecurity Looms for Gen X as Retirement Approaches
A Prudential Financial study reveals that Generation X, currently aged 44-59, is facing significant financial challenges as they approach retirement. This generation, caught between the decline of pension plans and uncertainties about Social Security’s future, is less financially secure than their predecessors. Compared to older generations, a larger proportion of Gen Xers expect to need […]
Economic Indicators Misfire: No Recession Despite Warning Signs
Traditional recession indicators in the U.S. are proving unreliable in the current economic climate, largely due to the unique disruptions caused by the pandemic. Despite signals such as declines in temporary employment and an inverted yield curve, which historically predicted recessions, no significant downturn has occurred. The pandemic has fundamentally altered labor market dynamics, with […]
Economic Indicators and Political Shifts Propel Gold Above $2,425
Gold prices increased on Wednesday due to a weakening dollar and anticipation of upcoming U.S. economic data that could influence the Federal Reserve’s interest rate decisions. Investors are closely watching GDP and personal consumption expenditure reports for clues on potential rate cuts, with markets currently expecting a rate cut in September. Additional factors supporting gold […]
African Nations Turn to Precious Metal to Combat Inflation
African nations are increasingly turning to gold as a means to protect their economies against currency losses and inflation, following the lead of countries like China and India. Countries such as South Sudan, Zimbabwe, Nigeria, Uganda, and Tanzania are either implementing or considering policies to increase their gold reserves. This trend is driven by geopolitical […]
If You Thought Biden Was Bad, Here’s Kamala’s Promises…
If You Thought Biden Was Bad, Here’s Kamala’s Promises… Authored by Mike Shedlock via Mishtalk.com, Kamala Harris is off and running with a mind meld of the most progressive policies of Biden, AOC, and California governor Gavin Newsom. Kamala Steers Left Swing voters? Who needs ’em asks the Wall Street Journal editorial board. On Tuesday […]
WTI Extends Gains After Across-The-Board Inventory Draws
WTI Extends Gains After Across-The-Board Inventory Draws Oil prices continued to drift higher, after finding technical support yesterday the 200DMA and also buoyed by across-the-board draws reported by API. API Crude: -3.9M Cushing: -1.6M Gasoline: -2.8M Distillates: -1.5M DOE Crude: -3.74mm Cushing: -1.71mm Gasoline: -5.57mm – biggest draw since March Distillates: -2.75mm The official data […]
New Report Outlines Potential Paths to Sustainable US Debt
The Peter G. Peterson Foundation asked seven think tanks to come up with plans to address the national debt. All participating think tanks agree on the need to rein in borrowing and propose a combination of revenue increases and spending cuts to reduce the debt-to-GDP ratio by at least one-third by 2054. The report identifies […]
DOJ Asks Supreme Court To Allow Some Blocked Title IX Rule Changes
DOJ Asks Supreme Court To Allow Some Blocked Title IX Rule Changes Authored by Caden Pearson via The Epoch Times (emphasis ours), The Department of Justice (DOJ) filed an emergency application on July 22 asking the Supreme Court to allow some parts of the changes the federal government made to Title IX rules related to […]
Slow and Steady: US Economy Navigates Controlled Deceleration
The U.S. economy is experiencing a controlled slowdown, with reduced hiring, consumer spending, and manufacturing activity, alongside a stagnant housing market. Despite these challenges, the economy appears to be achieving a “soft landing,” with inflation cooling without significant unemployment increases and continued, albeit slower, economic growth. This controlled deceleration is viewed positively, with economists now […]