ECONOMICS

Authored by Jeffrey Tucker via The Epoch Times,

There is the reality all around us – restaurants struggling to survive, bills eating household income, jobs ever less secure, costs soaring for all enterprise, even the local dollar stores hitting hard times – and there are the macroeconomic statistics reported daily by the media. They seem to have ever less connection to each other.

Why do we have macroeconomic statistics? We all want to know more about the world outside of (more…)

Authored by Mark Gilman via The Epoch Times (emphasis ours),

Lackluster consumer confidence is negatively affecting discount retailers such as Dollar General and Big Lots. Dollar General’s shares dropped 32 percent on Aug. 29 after the company admitted in its earnings report that lower-income customers are still struggling, while Big Lots’s fortunes are in a tailspin.

A sign is posted in front of a Big Lots in Hercules, Calif., store on June 7, 2024. Justin Sullivan/Getty (more…)

Authored by Peter St. Onge via Money Metals,

From taxes to spending, Kamala is the most left-wing major party candidate since George McGovern — who proposed a Universal Basic Income in 1972 and went on to win a single state.

But her most hare-brained scheme — so far — has been price controls, where she's to the left of McGovern, threatening to punish grocery stores for daring to charge more than their costs.

In fact, grocery stores make 1 to 2 pennies on the dollar. (more…)