ECONOMICS

Authored by Jeffrey Tucker via The Epoch Times,

June’s year-over-year Consumer Price Index is still running 3 percent, which is now considered more-or-less on target. Five years ago, that would have been seen as intolerably high. The month-over-month decline of 0.1 percent, the best in a year, was driven by gas and used cars, which are reported as down 10 percent year over year (but still up 30 percent over four years).

So while the financial press trumpeted the great news for (more…)

Authored by Tsvetana Paraskova via OilPrice.com,

China is proceeding with anti-dumping investigations of EU imports, targeting brandy and pork imports from the bloc, as the tariff spat entered a new phase on Friday with the start of the provisional EU tariffs on imports of China-made electric vehicles.

China’s Commerce Ministry said on Friday that it would hold a hearing later this month on its ongoing investigation into EU brandy imports. In another probe, China is (more…)

Via Money Metals,

Have we already entered recession? Worse, have we been in a recession for years now?

Recently I joined Jeff Tucker of the Brownstone Institute on an article about the Herculean task of trying to figure out what's actually happening in the economy.

Which is a challenge given every official economic number out there is broken.

I’ve covered some of these in recent videos, including failing to count homeless people as unemployed, calling (more…)