ECONOMICS

Authored by Gail Tverberg via Our Finite World,

Moving industrialization offshore can look like a good idea at first. But as fossil fuel energy supplies deplete, this strategy works less well. Countries doing the mining and manufacturing may be less interested in trading. Also, the broken supply lines of 2020 and 2021 showed that transferring major industries offshore could lead to empty shelves in stores, plus unhappy customers.

The United States started moving industry offshore in 1974 (more…)

Authored by Josh Koebert via FinanceBuzz,

Whether it’s for speed, convenience, or price, it’s no secret that Americans love fast food. Convenience aside, fast food has also been considered one of the most budget-friendly options to feed your family outside of cooking at home.

However, fast foodies claim menu prices have skyrocketed in recent years, prompting backlash online and on social media.

Have fast food prices really changed so dramatically? And if so, by how (more…)

For much of the past year we had been pounding the table on two very simple facts:  not only has the US labor market been appallingly weak, with most of the jobs "gained" in 2023 and meant to signal how strong the Biden "recovery" has been, about to be revised away (as first the Philly Fed and now Bloomberg both admit), but more shockingly, all the job growth in the past few years has gone to illegal aliens.

We first pointed this out more than a year ago, and since then (more…)