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Aug 27, 2024

The US Labor Department has revised the jobs numbers down nearly every year for over a year. Now the government admits to inflating the jobs numbers by reducing the jobs numbers by up to one million over the past year.
 
Many American consumers are supplementing their living expenses with debt. Credit card balance is at...


Aug 20, 2024

July 2024 Consumer Price Index (CPI) was reported at 2.9%. This is the lowest level since March 2021.
 
Although the rate of inflation is slowing down, prices are not going down. They are still increasing. The cumulative price increases over the past 3 years are hurting Americans. 
 
Despite what you hear from the media...


Aug 13, 2024

The AI tech bubble has burst due to a weak unemployment report, poor earnings, and a surprise Japanese interest rate increase. 
 
A popular institutional trade was to borrow money cheaply in Japan, then use margin to invest in assets that vary in value like tech stocks. When the cost of borrowing increased, so did the...


Aug 6, 2024

- A recent CNN study reports 39% of Americans are concerned about paying their bills. In comparison, 37% were concerned about paying bills during the Great Recession in 2008 - 2009.
- Household debt has set a new record high.
- Credit card debt is at record highs. Banks are bracing for major loan defaults.
- 25%...