U.S. economy – XtremeCuztoms

JPMorgan Chase CEO Jamie Dimon Lists a Number of Threats to the US Economy

JPMorgan Chase CEO Jamie Dimon listed three major threats to the U.S. economy in a recent comment during the bank’s second-quarter earnings call, according to the transcript. The banking giant’s July 14 second-quarter results showed revenue and earnings exceeding economists’ expectations, but the JPMorgan chief stands on the side of caution. JPMorgan reported net income…

What Does It Mean to Have a Soft Landing?

Commentary Economic language is packed with metaphors. It would be sunk without them. The economy is overheating. It’s depressed. It’s recessed. It’s hot. It’s cooling. It hit the skids. It’s in free fall. We’d better put on the brakes! Housing is underwater. This stock is headed to the moon. Inflation is easing. The Fed is…

The Decline of Our Nation Is Crystal-Clear

Commentary Using statistics from the Department of Labor, The Wall Street Journal reports that real hourly wages during the Biden presidency have declined. When Biden took office in January 2021, the average hourly wage adjusted for inflation was $11.39. Now, 29 months later, it stands at $11.03, a 3.16 percent decline. Stephen Moore of the…

US Desperately Needs a Long Deflation

Commentary Consumer Price Index (CPI) day has been the same for most of the last 12 months. Data comes in and it’s not good. The mainstream media, however, immediately broadcasts the Biden administration spin that inflation is easing so stop worrying about it. Today, the report is elevated beyond expectations: 0.2 percent for the month…

Union Fights Signal Danger Ahead for Bidenomics

Commentary Just a few hours before President Biden tied his political fate to the economy, embracing the term “Bidenomics” in a Chicago speech Wednesday, June 28, he was still trying to dispel worries about a looming recession. A reporter asked Biden, before he boarded Marine One, whether he believed the worst of inflation was over….

Bidenomics Is a Big Bust

Commentary Word out of the White House is that President Joe Biden wants to tout his economic successes. He’s even embracing the slogan “Bidenomics”—which most people think is a term of as a term of derision and policy flops. On the one hand, the unemployment rate is low and millions of jobs have been created…

What Will You Use as Money If the Dollar Dies?

Commentary The U.S. dollar could someday go the way of all paper-currencies past and be consumed in a hyperinflationary fire. It seems unlikely but it is possible. In some ways, given the reckless policies of the past three years, we should be perhaps surprised that it hasn’t happened yet. If the dollar loses its status…

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Tag: U.S. economy

The Slide Into Prolonged Economic Stagnation