Americans Seeing Less and Less Sense in Trump Tariff Arguments After Coffee Comments
In an interview on Fox News, President Donald Trump told Laura Ingrams yesterday that in response to the soaring…
Category: US Economy
Firefly Aerospace Raises Over $800 Million on First Day on Wall Street
Firefly, a civil-commercial spaceflight company out of Texas, recently raised over $800 million on Wall Street during its initial…
Huge Jump in Producer Prices Point to Tariffs Beginning to Weigh on American Businesses
The July Producer Price Index (PPI) report printed an eye-catching 0.9% month-over-month increase, the largest such increase recorded in…
Do Any Economists Believe Trump’s Tariffs Will Improve the American Economy?
Story at a glance… President Trump announced a new tariff regime that has placed at least a 10% tax…
Gold’s Remarkable Rise to $1 Million a Bar Offers Rare Media Flashpoint of a Quiet Bull Market
News broke last week that upon reaching a new all-time record high of over $2,500 per troy ounce, the…
US Debt Per Citizen Grows 10% Faster Than the Population Since 2008
Financial analysts have looked at the growth rate in the share of the national debt per citizen and found…
Record-High GDP Print Disguises Sorry State of US Economy as a Half-Dozen Recession Indicators Continue Flashing
News reports hailed the recent third-quarter advance estimate for GDP of 4.9% as a sign of the “resilience” of…
US Deficit Is Projected to Roughly Double this Year: Watchdog
According to projections from the Committee for a Responsible Federal Budget, the US federal spending deficit for the fiscal…
Strong Labor Market or Desparation? Survey Finds 93% of Americans Work a Side Hustle, 16% a Second Job
Labor is a tricky part of economics, and the current US economy, despite the bank failures, the record price…
Silicon Valley Bank CEO’s Testimony Highlights Major Problem-Realities in American Finance
Set for a grilling before Congress at 10:00 AM Eastern Time, a written testimony from Greg Becker, former CEO…
First Republic Bank Becomes Second-Largest Failed US Bank—and Other Economic News
VARESE, Italy. May 2nd, 2023. After Silicon Valley, Signature, and Silvergate banks failed and were seized by the US…