ECONOMICS

Authored by Michael Snyder via The Economic Collapse blog,

How many times have you heard the mainstream media tell you that the economy is doing just great in recent months?  Personally, I have seen the word “booming” used over and over again to describe the economy, and it makes me sick.  The level of gaslighting that we are witnessing right now is off the charts.  Millions of Americans are sleeping in their vehicles, thousands of businesses are failing all over the nation, and (more…)

Authored by Andrew Moran via The Epoch Times (emphasis ours),

Federal Reserve Chairman Jerome Powell, in his prepared speech at the recent Jackson Hole Economic Symposium, said: “It seems unlikely that the labor market will be a source of elevated inflationary pressures anytime soon. We do not seek or welcome further cooling in labor market conditions.”

People wait in line for a job fair to open, in Sunrise, Fla., on June 26, 2024. Joe Raedle/Getty Images

Have the central (more…)

The broadly weak trend of US macro data was jolted yesterday by the hotter than expected GDP print (hilariously driven by a surge in personal consumption at the same time as Dollar General announced the time of death of the US consumer), which prompted a hawkish shift in rate-cut expectations. However, this morning, the doves get another chance for some 'bad news' (disinflation) to support their 'we must cut in September" narrative, unveiled by Powell himself last week (more…)