ECONOMICS

WTF is going on…

We have Kamala-nomics propoagandists expounding that price-controls are good for deflation and half of America believes it…

And now, we have US Leading Economic Indicators down for their 29th straight month – at a level worse than the trough of COVID lockdowns…

…and the head of The Conference Board says 'nothing to see here'…

For context, outside of the great financial crisis, this is the worst decline in LEI since the mid (more…)

By Benjamin Picton, Senior Macro Strategist at Rabobank

As we approach the Jackson Hole Symposium later this week the message from Fed speakers, broadly, has been that they are gaining confidence that the economy is reaching the point where the Fed Funds rate can be cut. Speaking to the Financial Times on Friday, Atlanta Fed President Raphael Bostic said that he is “open” to a Fed cut in September and, critically, that the Fed “can’t afford to be late” in delivering policy (more…)

After the unoriginal Vice President Kamala Harris stole former President Trump's proposed 'no tax on tips' policy, she's at it again with yet another recycled idea. This time, she's echoing President Biden's actions and rhetoric to crack down on sky-high food prices by proposing the first-ever federal ban on "corporate price-gouging in the food and grocery industries"—a move that reeks of socialism.

"There's a big difference between fair (more…)