Commentary If you were on vacation last week, good for you. You missed one of Congress’s greatest-ever scams. They just approved some $750 billion (do these numbers even mean anything anymore?) to “transition” us from fossil fuels and coal over to reliance on the wind and sun, and also to subsidize a bunch of chip…
The Lockdowns Kicked Off This Depression
August 2, 2022
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AnalysisBusiness & MarketsBusiness ColumnistsdepressioninflationInflation Reduction Actlabor participationlockdownsOpinionprosperityrecessionstagflationU.S. economyunemployment rate
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So-Called Inflation Reduction Act Would Make Stagflation Worse
Commentary After more than a year of expressing his concerns about the impact of inflation, Sen. Joe Manchin (D-W.Va.) has signed off on a massive tax and spending bill that only would push prices for working families even higher. The deal, which Manchin made with Senate Majority Leader Chuck Schumer (D-N.Y.) was reached only hours before the…
China to Miss GDP Growth Target, Recession Possible: Experts
The Chinese economy is still struggling with ongoing lockdowns, uneven export growth, and U.S. rate hikes. Experts believe recession or stagflation may be imminent. Forecasts of 1 percent GDP growth fell short in the second quarter as the GDP only reached 0.4 percent. Retail sales were down 11 percent in April, leaving them 0.7 percent…
It’s Worse Than Anyone Wants to Admit
July 29, 2022
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Commentary Yesterday’s news was entirely consumed in the throes of another definition change. What everyone understood as what it means to be in recession has been suddenly changed by government edict. It’s not a recession, they say. Everything is going just great, they say, unless you are among the troglodytes who desire plentiful and low-priced…
Trump Warns Something Worse Than Recession Is Coming
July 29, 2022
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Business & MarketscongressDemocratsdepressionDonald Trumpeconomic policieseconomyExecutive Branchinflationpersonal financePolicies & ImpactsPoliticsrecessionRepublicansstagflationUSUS News
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Former President Donald Trump has warned that America’s economy is on track for a bigger disaster than a recession, with his remarks coming shortly before government statistics showed GDP printing negative for the second consecutive quarter, which is a rule-of-thumb definition for a recession. “Where we’re going now could be a very bad place,” Trump…
A Recession of the Human Spirit
July 27, 2022
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Commentary As predicted, the Biden administration has spent the better part of the week explaining that tomorrow’s GDP report on the 2nd quarter, even if it is negative, does not mean we are in a recession. In his ham-handed way, Biden made it very plain: “We’re not going to be in a recession.” These days,…
The Strangest Recession of Our Lifetimes
July 15, 2022
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Commentary The evidence of economic weakness and decline fill the headlines day by day, with major banks reporting lower earnings, big box stores with excess inventories, home sales skidding, and consumer sentiment crashing. Meanwhile, inflation in all sectors is raging so high and hot that it has overtaken every other issue that polls say matter…
How Government Uses Recessions to Expand Its Control: Stephen Moore
July 4, 2022
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With a global recession predicted within the next 6–12 months (some say we’re already in one), we look at not only the financial hardship economic downturns bring, but also how they can often be used to expand the role of government in our lives. Stephen Moore, acclaimed economist and former economic adviser to the Trump White…
The Triumph of Economic Ignorance
News analysis The Commerce Department reports that inflation-adjusted spending declined by 0.4 percent in May. It’s the first decline in real spending since December and a real foreshadowing of what’s coming. The trajectory is now well-established: depleted savings, real income flat and declining, consumers worrying, investors rethinking everything, and the public ever more demoralized and…
Stagflation Looms as German Business Confidence Slides
German business sentiment slumped in June as headwinds from looming natural gas shortages and soaring prices crimped confidence, prompting analysts to boost the odds that Europe’s biggest economy will be rocked by stagflation. The closely-watched Ifo business climate index, released on June 24, showed a slump in its current conditions gauge and sharp drop in…
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