U.S. inflation and economic growth will slow this year and into next, the nonpartisan Congressional Budget Office (CBO) has predicted. “Elevated inflation persists in 2022 because of the combination of strong demand and restrained supply,” CBO director Phillip Swagel said in a statement. The supply chain mess will begin sorting itself out in the second...
Author: support
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U.S. ECONOMY SHRINKS IN FIRST QUARTER
The U.S. economy contracted 1.5 percent in this year’s first quarter, according to the most recent estimate by the federal Bureau of Economic Analysis (BEA). Earlier, the bureau had pegged the loss at 1.4 percent. Dow Jones had estimated a 1.3-percent shrinkage. It was the U.S. economy’s worst quarterly performance since 2020’s second quarter when...
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U.S. NATURAL GAS PRICE HITS 14-YEAR HIGH
Natural gas prices in the U.S. have tripled in the last year, rising 20 percent this month alone to pierce through $9 per million British thermal units (BTUs), The Wall Street Journal reported. The price is the highest since 2008. Natural gas is prime fuel for electricity generating plants. As a result, the price of...
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U.S. CONSUMERS KEEP ON SPENDING AS SAVINGS RATE PLUMMETS
Consumer spending rose 0.9 percent in April from March, its fourth consecutive month of increases as the U.S. savings rate crashed to 4.4 percent of income, its lowest since 2008 amid the Great Recession, the U.S. commerce department reported. Vehicles and services led the spending spree, which seems to have been funded by people short-changing,...
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INFLATION’S PACE SLOWS SLIGHTLY IN APRIL AS WAGES GROW AGAIN
The U.S. Personal Consumption Expenditures Price Index, the U.S. Federal Reserve’s preferred inflation gauge, dipped to 6.3 percent in April, year on year, after registering 6.6 percent in March, the biggest annual gain since January 1982. April was the first month since late 2020 when inflation’s rate eased instead of accelerated. Prices moved up 0.2...
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U.S. MEGA-DROUGHT THREATENS CROPS ACROSS AMERICAN WEST
As we say, we are trend forecasters. No one can predict the future because there are too many wild cards, be they manmade or made by Nature. On the manmade side, the Ukraine War and the sanctions imposed on Russia, as we have noted in great detail in the Trends Journal, have dramatically driven up...
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“WOMAN” LEGALLY DEFINED BY NEW HOUSE BILL
It’s 2022. So of course, in the midst of war in Europe, possible nuclear confrontation, a horrendous dragflation economy with spiraling inflation, food and baby formula shortages, astronomical gas prices, brazen crimes sprees, record importation of lethal synthetic drugs, and mass slaughters by psychopaths who were on the radar of authorities, Congress has to spend...
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BABY FOOD FORMULA SHORTAGE A PROBLEM? BREASTFEEDING LEADS TO SMARTER CHILDREN
Big news in America over the past three weeks has been a shortage of infant formula shortage. Yet, once upon a time, since the beginning of time, a mother would breast feed her newborn child. And if she couldn’t, or died, a wet nurse, a woman who breastfeeds another woman’s child, was the common substitute....
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U.S. ELECTIONS: DUH-MOCK-RACY. BIG MONEY RULES
Did you ever hear of a Hansjörg Wyss? Of course not! Especially the vast majority of Americans who know nothing about everything important but are glued to every fact and figures of the Johnny Depp and Amber Heard courtroom drama. This Wyss guy is a big foreign money man that helps rig U.S. elections. The...
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PELOSI SPEAKS OUT AGAINST COMMUNION BAN
House Speaker Nancy Pelosi last week spoke out against San Francisco’s archbishop’s decision to deny her Communion due to her stance on abortion. “I respect people’s views about that,” Pelosi said about abortion during an interview on MSNBC. “But I don’t respect us foisting it onto others. Our Archbishop has been vehemently against LGBTQ rights. In fact,...