July Tariff Revenues Generate a Meager One-Fourth of Deficit Spending Increase
Despite year-over-year revenue from import duties growing 252% compared to July of last year, government inlays were dwarfed by…
Tag: US Economy
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…
04/09 End of the Empire: Economic Madness Descends on Washington
End of the Empire is a once-monthly feature on all news relating to the transition from the unipolar world of…
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…
‘Abjectly terrifying’ Report Finds 50+ Members of Congress Hold Military Stocks Worth in Excess of $10 Mil.
Is it a conflict of interest for lawmakers required to determine and approve funding for the largest military in…
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…