The facts are there for all to see. Across the globe, the rich are getting richer as the plantation workers of Slavelandia get poorer. And to make a bad situation worse, the era of Dragflation, where economies go down and inflation rises, has just begun.
Tag: U.S. economy
REMOTE WORKERS ALSO FEEL REMOTE FROM EMPLOYER’S MISSION
The proportion of remote workers who feel connected to their company’s mission or purpose slipped from 32 percent to 28 percent year over year, according to a Gallup survey of 9,000 employees this spring and summer.
SPOTLIGHT: BIGS GETTING BIGGER
As we had long forecast, the higher central banks raise interest rates, the lower the Merger and Acquisition trend… which hit record highs at the height of the COVID War in 2021 when interest rates sank and governments pumped in countless trillions to artificially prop up sinking economies.
YUM WANTS TO GO ALL DIGITAL
Yum Brands, which owns fast-food icons Burger King, KFC, and Taco Bell, wants its customers to place all of their orders digitally and is taking steps to make that goal a reality.
FEDS RELY ON PRIVATE SECTOR EXPERTS TO RIG CHIP INDUSTRY DEAL
In summer 2022, Congress passed the Chips and Science Act that allotted $39 billion to strengthen the domestic semiconductor industry.
HIGH INTEREST RATES ARE A WINDFALL FOR SAVERS
Last week, Americans dumped about $36 billion into money market funds to take advantage of yields that have shot past 5 percent, a rate of return not seen for more than a decade.
MORTGAGE RATES REACH THEIR HIGHEST IN 21 YEARS. WHAT’S NEXT?
The national average interest rate on the 30-year, fixed-rate mortgage in the U.S. reached 7.09 percent last week, the Federal Home Loan Mortgage Corp. reported, up from 6.96 percent the week before to reach its highest since April 2002.
JULY RETAIL SALES BETTER THAN EXPECTED?
In July, U.S. consumers spent 0.7 percent more dollars compared to June and 3.2 percent more than a year earlier, the commerce department reported. Retail sales on items other than energy and food were up 1.0 percent from the month before.
DEBT BOMB: HIGHER INTEREST RATES LEAVE U.S. GOVERNMENT NO GOOD OPTIONS
During the 14 years that the U.S. Federal Reserve held interest rates low, the U.S. government borrowed freely to haul the economy out of the Great Recession, continue to fight the Afghan war, and bail out businesses and consumers during the COVID War.
YIELD ON 10-YEAR T-NOTE REACHES 15-YEAR HIGH, RATTLING INVESTORS
On 17 August, the benchmark 10-year treasury note closed at 4.307 percent, which was its highest close since 2007. The 30-year treasury bond was paying 4.411 percent on the same day.