ECONOMICS

By Alan Adler of FreightWaves

How did the biggest contract offer Mack Trucks ever tendered its United Auto Workers-represented employees get trashed and result in a strike?

Two catalysts may be responsible.

• One is the so-called rank-and-file committees, workers who claim socialism as their mantra. Through the World Socialist Web Site (WSWS), they regularly attack union leaders at the local and international levels. They call them toadies for management who bring secretly (more…)

After several months of declines in the 1-Year inflation expectation as tracked by the NY Fed's monthly consumer survey, September saw the second consecutive increase in this series which traditionally is also a proxy for the price of oil (which recently hit a 2023 high before tumbling, before spiking again on the latest war in Israel), however this was offset by a small decline in 5 year inflation expectations, which traded places with the 3 year which in turn rose modestly. However, the (more…)

Authored by Michael Maharrey via SchiffGold.com,Twenty days.That’s how long it took the Biden administration to add another half-trillion dollars to the national debt.Bidenomics certainly requires a lot of borrowing and…