Statistics Canada reported that inflation slowed in January to 2.9%, beating expectations of 3.3%. So why are Canadians still struggling to afford basic necessities like rent and food? Mortgage interest costs remain the top noted driver of inflation after rising 27.4% YoY, while rentals increased 7.9% during the same period. Bank of Canada governor Tiff […]
Treasury Secretary Janet Yellen is proof that the establishment is completely clueless when it comes to the lives of the average citizen. “People are better off than they were pre-pandemic,” Yellen touted on national news last week. Perhaps she meant to say “politicians” rather than people, and no, one cannot point at rising US indexes […]
Lawmakers should be required by law to pass a financial literacy test before taking office. California has repeatedly raised the minimum wage as the cost of living continues to rise. They have not lowered the amount of taxes that the state will collect from these workers. California has the highest debt of any state in […]
Fast food establishments originated as the cheap, quick alternative to a proper meal. Value customers earning under $45,000 annually were the target demographic until recently when inflationary pressures caused food prices to skyrocket. Minimum wage requirements, wage increases, and price gauging have all contributed to the rising costs and a drastic shift in the customer […]
One piece of analysis commonly misconstrued is the Federal Reserve’s role in the nation’s economic health. Even those who have the ability to piece together other variables that often go unnoticed commonly point their finger at the Federal Reserve. No one is factoring in the largest driver of inflation – WAR – nor are they […]
According to a recent survey by the New York Federal Reserve, Americans’ inflation expectations have dropped to the lowest level in three years. “How much worse could it get?” the average person assumes. The median expectation is that the inflation rate will be up 3% one year from now, down from a high of 7.1% […]
The kids Obama attempted to bomb in Yemen all those years ago grew up fast. They’ve now formed surprisingly efficient militias who hate the West and have become powerful enough to impact global trade. Yemeni Houthi rebels are blocking carriers from passing through the Suez Canal and have created near pandemic-level disruptions to the supply […]
Everyone wants to know what the Federal Reserve will do in 2024. Of course, people want to believe that the Fed will slash interest rates in the New Year. The pundits cling to every word except when, at the start of the month of December, Powell boldly criticized the Biden Administration, saying that his outrageous […]
News outlets are circulating that the White House is “deeply frustrated” that the media is not glorifying the unseen success of Bidenomics. A source told the Hill that meetings are taking place to discuss how they can gaslight the public into believing that the Biden Administration has improved Americans’ financial situation. “The meetings are intended […]
QUESTION: Why do you seem to be the only analyst who understands central banking? My son got an internship at one of the major banks in New York during the summer. I won’t say which bank, but he asked a senior-level guy there about you and the interest rates, explaining I had been following […]
