Covid Invoked for More Redistribution from Workers to Doctors and Lawyers
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Approximately 43 million student loan borrowers in the United States owe a collective nearly $1.75 trillion in federal and private student loan debt as of August... Read more.
Here Is What Stagflation Looks Like
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It’s the reason why the real economy is faltering and stagflation has become embedded: To wit, the gains in nominal income are being more than eaten up by soaring... Read more.
More Spasms of the Post-Lockdown Economy
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Once upon a time there was a joke about “I’m from Washington and I’m here to help you”. That’s now a reality and it’s no joke.... Read more.
The Spasmodic Chaos of the Post-Lockdown US Economy
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The business sector is flying blind: It can’t forecast what’s coming down the pike in the normal manner based on tried and true rules of cause and effect. In... Read more.
Inflationary Pressure Is Worse than They Say
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Food inflation coming down the pipeline of producer and consumer prices still has a huge head of steam. So as the “runaway inflation” issue takes front-and-... Read more.
The Grim Reality of Post-Lockdown Economic Trends
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In short, both the Wall Street and main street economies have been so badly roiled and distorted by lockdowns, the Fed’s money-printing spree, and Washington’s... Read more.
April’s CPI Codifies the New Age of Inflation
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At the commodity level, the global food index is still up by 28% versus prior year—a figure which may well accelerate substantially over the balance of the year... Read more.
The Fed Is Not Fixing the Problem
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There is no chance of staunching inflation if real yields remain mired deep in negative territory. Yet if the nominal yield on the UST should rise to 5-7%, and thereby... Read more.
Real Personal Income Down 20% from One Year Ago
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Neither the American economy nor economists’ models are built to handle fluctuations of such gigantic magnitudes. Accordingly, the American economy is now flying... Read more.
How Virus Spending Became the New Virus
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In a word, the combination of government induced “supply-side” contraction and ultra-stimulated merchandise “demand” has no parallel for folly in the annals... Read more.
How the C-Suite Embraced Lockdowns and Economic War
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The utter economic waste and injustice to employees, shareholders, and various other stakeholders brought on by the new corporate virtue signaling is now starkly... Read more.
Patriotic Duty My Eye
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As it happens, however, America has already done nearly 800 million tests, yet has some of the worst WITH-Covid mortality statistics in the western world. So we... Read more.