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Chinese imports have kept a lid on goods prices, but not services. Dollar will decline when foreign investors no longer want US stocks. We now have more inflation and less ability to deal with it than in the 1970s.
Elizabeth Warren blames inflation on greedy business owners. Producers aren’t price gouging. They’re being gouged. Fed should stop QE now, not just taper it. Retail consumers are buying less and paying more.
October and November see biggest back to back CPI increase of the year. 2021 inflation was worse than any year in the 1970s. Rigged CPI adds to government revenue. Jussie Smollett hangs himself with fake noose story. -
Bitcoin continues to lose ground to Ethereum. Maxine Waters leads Congressional hearing on crypto. FDIC made banking less safe. Bitcoin competes with 14,000 other cryptocurrencies, but not the US dollar.
Markets recover most all of their Black Friday losses. Fed can’t fight inflation without deflating inflated economic bubble. Data shows biggest drop in productivity in 62 years. Consumer prices are headed much higher.
Nasdaq suffers worst start to December in 20 years. Stay-at-home darling stocks crash with no bottom in sight. Covid is the gift that keeps on giving the Fed excuses. Real unemployment rate is much higher than 10%.
Dow down over 1300 points in 2 days over Omicron variant concerns. Bubble market found its pin. Powell is essentially a member of the Biden administration. The only tools the Fed has left will destroy the bubble economy if they use them.
Covid crashes market again with new Omicron Strain. Dow suffers its worst drop since Covid lockdowns started. Investors choose Euro and Swiss Franc over US Dollar as safe haven. Markets begin pricing out rate hikes that they previously priced ...
2021 marks the most expensive Thanksgiving dinner ever. Oil companies can’t pump oil as fast as the Fed can print money. Pilgrims set sail for Communism, but landed on Capitalism. Desperate Americans look to crypto as a ticket to wealth.