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JPMorgan CEO Jamie Dimon Warns of America’s ‘Sugar High’ of $33 Trillion in Debt, Urges Immediate Attention

JPMorgan CEO Jamie Dimon Warns of America’s ‘Sugar High’ of $33 Trillion in Debt, Urges Immediate Attention

By |2023-12-03T15:36:40-05:00December 3rd, 2023|Economy|0 Comments

‘Recession Is On The Horizon’ As Moody’s Spells Doom

Moody’s has downgraded credit ratings for several small to mid-sized U.S. banks, with warnings of potential downgrades for larger lenders, citing credit strength challenges due to funding risks and weaker profitability.

By |2023-11-26T14:55:34-05:00November 26th, 2023|Economy|0 Comments

Why Americans feel gloomy about the economy despite falling inflation and low unemployment

Inflation has reached its lowest point in 2 1/2 years. The unemployment rate has stayed below 4% for the longest stretch since the 1960s. And the U.S. economy has repeatedly defied predictions of a coming recession. Yet according to a raft of polls and surveys, most Americans hold a glum view of the economy.

By |2023-11-19T13:45:25-05:00November 19th, 2023|Economy|0 Comments

Moody’s Slashes US Credit Rating Outlook to Negative: ‘Significantly Weakening’

The Biden administration is like a drunk on a bender. The federal government won't stop spending money until the country is flat broke and so deep in debt that the U.S. economy bottoms out and it is forced to sober up.

By |2023-11-12T14:41:38-05:00November 12th, 2023|Economy|0 Comments

US budget gap soars to $1.7 trillion, largest outside COVID era

The U.S. government on Friday posted a $1.695 trillion budget deficit in fiscal 2023, a 23% jump from the prior year as revenues fell and outlays for Social Security, Medicare and record-high interest costs on the federal debt rose.

By |2023-10-22T13:04:42-05:00October 22nd, 2023|Economy|0 Comments

Real Inflation Is Higher Than Reported. One Shopper Has Proof

Americans’ cost-of-living crisis continues. On Thursday, the Bureau of Labor Statistics announced that the Consumer Price Index rose 3.7% over the last year, about twice the Federal Reserve’s target rate. Although inflation has moderated from the beginning of the year, prices of goods and services have increased by around 20% since President Biden’s term started. Food prices are up by about the same amount.

By |2023-10-15T13:10:34-05:00October 15th, 2023|Economy|0 Comments
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