From the Border to Inflation to Falling on Stage, Nothing Is Ever Joe Biden’s Fault – RedState

From the Border to Inflation to Falling on Stage, Nothing Is Ever Joe Biden’s Fault – RedState

From the moment Joe Biden first stepped inside the Oval Office as president, the crises began: from the Biden Border Crisis, Biden Energy Crisis, Biden Inflation Crisis, Biden Economy Crisis, Biden’s Afghanistan Debacle, and even falling on stage, nothing is ever this president’s fault. Nothing. The question: Why?  We’ll get there. Harry S Truman, America’s…

Where are the trillions? – Sen Shehu Sani asks after last administration claimed it made trillions from Customs, digital economy and others

Where are the trillions? – Sen Shehu Sani asks after last administration claimed it made trillions from Customs, digital economy and others

Senator Shehu Sani has asked of the whereabouts of the trillions the immediate past administration claimed it made while in office.  ”Customs made trillions, Jamb made trillions, Ports made trillions, Stamp duties made trillions, Digital economy made trillions, Inland Revenue made trillions, Foreign direct investment made trillions, Rice pyramid made trillions; Where are the trillions?”

U.S. jobless claims fall back to 229,000 after fraudulent filings are erased

U.S. jobless claims fall back to 229,000 after fraudulent filings are erased

The numbers: The number of Americans who applied for unemployment benefits before Memorial Day weekend totaled a low 229,000 after Massachusetts took dramatic steps to weed out a massive increase in fraud. New jobless claims in the seven days ended May 20 rose by 4,000 from 225,000 in prior week, the Labor Department said Thursday….

U.S. economy grew faster in May, S&P finds, led by strong demand for services

U.S. economy grew faster in May, S&P finds, led by strong demand for services

The numbers: The biggest part of the U.S. economy sped up in May, S&P Global surveys showed, but manufacturers lagged behind. The S&P Flash U.S. services-sector index rose to a 13-month high of 55.1 in May from 53.6 in the prior month. Most Americans are employed on the service side of the economy: High-tech, health…

Ted Lieu asks if people remember the last time Dems threatened to crash the economy and LOL-HOOBOY

Ted Lieu asks if people remember the last time Dems threatened to crash the economy and LOL-HOOBOY

Someone close to Ted Lieu really should remind him what happens when you ask a stupid question. We get it, he’s not quite the dimmest bulb when it comes to Democrats in Congress but he’s pretty darn close. He better hope Eric Swalwell keeps getting elected … that’s all we’re saying. Did he really think…

Biden advisors may be picking a fight with Florida and most say BRING IT ON!

Biden advisors may be picking a fight with Florida and most say BRING IT ON!

CNN posted a story about President Biden and his advisors wanting to flip FLORIDA to the Democrat column in 2024. Biden’s advisors seem to think that painting ‘The Florida Blueprint’ as a bad thing and implying that ANY Republican who gets the nom would run the country like DeSantis has run Florida is a GOOD…

Opinion: There’s still time to ‘sell in May and go away’ if higher inflation stays around

Opinion: There’s still time to ‘sell in May and go away’ if higher inflation stays around

During my lengthy career in finance, I picked up several market heuristics that have generally proven more useful than not. Every January, for example, I remember the “five-day rule,” which holds that if the S&P 500’s SPX, -0.14% accumulated performance is positive over the first five days of the new year, there is around an…

If the Fed cuts interest rates during a recession, it would be ‘the worst of all possible worlds’

If the Fed cuts interest rates during a recession, it would be ‘the worst of all possible worlds’

If the economic storms get more difficult, traders and investors seem to think the Federal Reserve will be like a lifeguard and rescue all swimmers from the rip tides. Economists see such confidence as misplaced given the high inflation environment. In general, investors and traders have been steadfast in their view they can count on…

‘Doomsday machine’: Here’s what could happen if the debt ceiling is breached

‘Doomsday machine’: Here’s what could happen if the debt ceiling is breached

Congress is taking debt-ceiling negotiations uncomfortably near a vague, but fast-approaching deadline that is closely monitored by markets. It’s not clear exactly when that deadline will arrive or exactly what will happen if it does. But from Wall Street to Washington there is fear that the fallout could be very bad.  The debt ceiling is…

Fed’s Bostic says best interest-rate policy is to ‘wait and see’

Fed’s Bostic says best interest-rate policy is to ‘wait and see’

Atlanta Federal Reserve Bank President Raphael Bostic on Monday said that he would like to see the central bank pause its steady rate hikes in order to gauge the health of the economy. “I think the appropriate policy is really to just wait and see how much the economy slows from the policy actions that…

Can the stock market actually distract workers? Here’s what one novel study finds.

Can the stock market actually distract workers? Here’s what one novel study finds.

Can interest in the stock market be so high that workers’ day jobs are affected by it? Perhaps. One recent study looked at the workers of a maker of paper cups in China. Hardly investment bankers or hedge-fund managers, these workers operate moulding and wrapping machines. The study, by two professors at China’s Xiamen University,…

Stanley Druckenmiller warns of U.S. hard landing at Sohn conference

Stanley Druckenmiller warns of U.S. hard landing at Sohn conference

Macroeconomic concerns are piling up, creating heightened uncertainty for investors. “The debt-ceiling debate is really depressing,” said Stanley Druckenmiller, chairman and chief executive of Duquesne Family Office, at the 2023 Sohn Investment Conference held virtually on Tuesday. “I hope we don’t have a technical default,” he said, which would result in a “market event.” Druckenmiller…

Businesses grow a bit faster, ISM finds. Economy still in OK shape.

Businesses grow a bit faster, ISM finds. Economy still in OK shape.

The numbers: Most U.S. businesses grew at a slightly faster pace in April, based on a closely followed ISM index that increased to 51.9% last month. The Institute for Supply Management’s index of service-oriented businesses moved up from 51.2% in March. Numbers above 50% indicate companies are expanding. The closely followed ISM reports…

Opinion: The Fed says don’t worry about U.S. banks, but why should anyone believe them?

Opinion: The Fed says don’t worry about U.S. banks, but why should anyone believe them?

The aftershocks of the collapse of Silicon Valley Bank (SVB), while seemingly fading, are still reverberating around the world. Although Federal Reserve officials have taken pains to assure the public that the U.S. banking system is sound, it is unclear why anyone should believe them. After all, Fed Chair Jerome Powell told Congress the same thing just days…

Amid Banking Crisis, Federal Reserve Debates Pausing Rate Hikes – RedState

Amid Banking Crisis, Federal Reserve Debates Pausing Rate Hikes – RedState

The Federal Reserve Board has been pretty adamant that it will continue with interest rate hikes until inflation cools to 2 percent, but recent bank failures and other economic turmoil have forced the Fed to at least consider a pause until the turmoil is over. With the collapse of First Republic Bank being the latest…

Brett Arends's ROI: ‘I’m retired, I remember the 1970s, and I’m worried about a return of stagflation. What can I do to protect my savings?’

Brett Arends's ROI: ‘I’m retired, I remember the 1970s, and I’m worried about a return of stagflation. What can I do to protect my savings?’

Brett Arends's ROI: ‘I’m retired, I remember the 1970s, and I’m worried about a return of stagflation. What can I do to protect my savings?’

Karine Jean-Pierre says MAGA GOP's economic agenda will kill kids and poison lungs and melt bones

Karine Jean-Pierre says MAGA GOP's economic agenda will kill kids and poison lungs and melt bones

Yesterday, Karine Jean-Pierre stood at the White House podium and claimed with absolutely zero supporting evidence that thanks to the “MAGA extremists” in Florida, teachers risk losing their licenses if they keep pictures of their spouses on their desks. KJP claims that it’s illegal for gay teachers in Florida to have pictures of their spouses…