Money & The Economy
News on Finance, Money, markets and the economy
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The Myth of the Pay-Productivity Gap
The supposed pay and productivity gap is, in reality, a prime example of faulty statistics and sets a bad precedent…
Read More » Global Coal Power Set For All-Time High In ‘Worrying Sign,’ Top Energy Group Says
Global coal power generation could hit an all-time high due to increased production at plants in China, India and the…
Read More »Cereal Giant Reaches Deal With Union Group After Months Of Labor Strike
Kellogg announced Thursday that it reached a tentative agreement with employees, potentially ending a 10-week labor strike at the company.…
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Fed action welcomed, but too little and too late
After their December meeting, the Federal Reserve (Fed) indicated that they will be more aggressive in reducing money supply growth…
Read More » Jobless Claims Rise From A 52-Year Low
The number of Americans who filed new unemployment claims totaled 206,000 in the week ending Dec. 11 as the tight…
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Inflation far worse than anyone realizes
“People still have confidence in the dollar and the Federal Reserve. I don’t know why. They’ve gotten so many things…
Read More » Global Oil Supply Set to Surpass Demand Despite Omicron as US Producers Boost Output
Global crude oil production is forecasted to outpace demand beginning in December and into 2022, a key monthly industry report…
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Massive Inflation: Producer Price Index Grows at Fastest Rate Ever
The Producer Price Index (PPI), which measures inflation at the wholesale level, soared 9.6% year-over-year as of November, growing at…
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Two Polls Show Growing Fear That Biden’s Spending Will Make Inflation Worse
Two polls conducted in West Virginia and New Hampshire show that Americans believe President Joe Bident’s spending plans will drive…
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Build Back Better will balloon the Public Debt and lead to more inflation
President Biden is urging the Senate to pass the Build Back Better (BBB) massive spending bill that has already passed…
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International Monetary Fund Wants Global Control Over Crypto Regulation
The International Monetary Fund (IMF), has issued a white paper that lays out the case for swooping in and coopting…
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Government-Inflicted Inflation Worsens In November
The Bureau of Labor Statistics just released the Consumer Price index (CPI) number for November. The CPI increased by .8% for the…
Read More » St. Paul’s Mayor Is Already Scrambling to Amend the City’s Harmful Rent Control Law
St. Paul’s new rent control law is off to a bumpy start, six months before it even goes into effect.…
Read More »Elon Musk Unloads Almost $1 Billion In Tesla Shares, Totaling Nearly $10 Billion This Month
Tesla CEO Elon Musk sold nearly $1 billion shares of stock in his company after unloading almost $10 billion in…
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Inflation Surges 6.8% In November, Highest In Four Decades
The Consumer Price Index (CPI) increased 0.9% in November, bringing the key inflation indicator’s year-over-year increase to 6.8%, the highest…
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