https://www.armstrongeconomics.com/wp-content/uploads/2019/01/Thatcher-on-Taxes-Duty-of-Government.mp4 Fed Chairman Jerome Powell essentially said he was unimpressed by the “strong” jobs report, and it certainly was not enough for the central bank to even consider dropping rates. I wrote how the BLS report was skewed; Americans are working more than one job and still struggling to keep up with the cost of […]
The Consumer Price Index (CPI) released on April 10 by the US Bureau of Labor Statistics reported that inflation rose by 0.4% on a monthly basis and by 3.5% on the yearly. One must only look at their bills, items in the store, or open their eyes to see that the cost of living in […]
The year 2015 was not long ago, and yet the entire world economy has changed. Central banks mismanaged monetary policy through arbitrarily low interest rates and continuous printing to appease the bigger issue—fiscal policy. Fiscal policies are all but nonexistent in most of the modern world, and government spending has become one of the largest […]
Biden is destroying the financial future of generations with his reckless spending in an attempt to buy votes. Fed Chair Powell nearly admitted it in his interview with 60 Minutes in which he urged the government to show restraint when plunging the nation deeper into debt. Biden and the Democrats are cheering that he will […]
One thing that analysts fail to explain is that Americans have begun working multiple jobs since the COVID pandemic that wrecked the global economy. Nonfarm payrolls increased 303,000 in March, but there are millions of Americans holding multiple jobs who can still not keep up with the cost of living even with wages up 4.1% […]
President Javier Milei has done an excellent job of restoring Argentina by removing useless government agencies that produce nothing. Milei, who has called the government “a criminal organization,” recently laid off an additional 24,000 public sector workers. There were 341,477 people in the public sector on government payroll when Milei took office, and his aim […]
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Those in the UK are familiar with the challenges that accompany failed housing regulations, high demand, and low supply. A recent study by Resolution Foundation shows that those in the UK pay far more for housing than any nation in the OECD. Finland technically pays more, but not when factoring in the total amount the […]
Car insurance rates in the US have spiked by around 26% overall in the past year. The government has been pushing for everyone to go electric and trade, spending tens of thousands more for an electric vehicle, which always comes equipped with monitoring software. Even older cars with basic features like OnStar have tracking devices […]
Those who follow this blog already knew that the Federal Reserve would not drop rates in the future due to unsustainable fiscal policies paired with America’s increasing involvement in foreign wars. All of the talking heads were preaching that rates would significantly decline to pandemic levels, as if that were the historical norm. Every fiscal […]
