Wholesale Prices Drop in June; Economists Confounded
The Bureau of Labor Statistics announced on Friday that wholesale prices dropped by 0.2 percent in June. Economists were expecting an increase of...
Markets
Jobs Report Shows Nearly Five Million Jobs Added in June
The U.S. recovery is well underway, and ahead of most economists' expectations. ...
Read moreDow and Employment Jump in May and June, Confirming Economy’s Rebound
Wall Street celebrated its best quarter since 1987, with the Dow gaining 17 percent from April through June, and private-sector employment increased by...
Read moreRetail Sales in May Set All-time Record High
The Commerce Department reported on Tuesday morning that retail sales in May jumped 17.7 percent, the largest monthly increase on record. ...
Read moreFed’s Gloomy Outlook Sinks Stocks
Federal Reserve Chairman Jerome Powell’s assessment that the surprisingly favorable jobs report last week was likely a one-off blip is pushing stock prices...
Read moreThe Bear Market in Stocks Is Over, Says Wall Street Guru
Wall Street gurus are saying the brief bear market in stocks is over, and the economy will quickly rebound to all-time highs as...
Read moreGun and Ammo Sales Spike Amid Coronavirus Fears and Civil Unrest
Gun stores nationwide are reporting a sharp upsurge in sales amid first the COVID-19 scare and now the civil unrest occurring due to...
Read moreMay’s Jobs Report Shows Strong Economic Recovery Underway
The jobs report showed the resiliency of the U.S. economy, contrasted with those predicting more job losses and higher unemployment. ...
Read moreTrio of Reports for April Show Economy Might Be Turning Around
Three reports released on Friday give a glimmer of hope that the worst may be behind for the U.S. economy. ...
Read morePending Home Sales Dropped 20 Percent in March; Realtors Are Coping
Given sufficient motivation, it's remarkable what realtors are able to accomplish, even during the shutdown. ...
Read moreTrump Wants to Reopen the Economy. Will the States Follow?
If Trump’s reopening happens soon enough the economy will survive, revive, and build a stronger, safer and healthier country. ...
Read moreDon’t Panic: the Fed’s Offer to Stabilize Bond Markets Is not “QE-4”
Headlines from major financial sources virtually shouted that the Federal Reserve was suddenly employing “QE4.” It seems headline writers are suffering from the...
Read moreFed to Hold Interest Rates Steady; Seeks Increase in Inflation
Fed Chairman Jerome Powell suffers from the delusion that smart people in high places with advanced degrees can beneficially manipulate a $22 trillion...
Read moreEconomy Adds Another 145,000 Jobs in December, Says Labor Department
December capped off a remarkable year for the U.S. economy. ...
Read moreTrump’s Tax Cut Act 2.0 Coming
Trump is certain to offer his “tax cut 2.0” proposal later on this year even though the House would reject it out of...
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