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By David Kelly Article Source On Sunday afternoon, it took all 50 Democratic senators, along with Vice President Kamala Harris, to pass their deceptively named Inflation Reduction Act (H.R. 5376) by a 51–50 vote, sending it to...
Read MoreBy Ethan Huff Article Source The Data & Analytics division of Black Knight, Inc. has released new data about the United States housing market that suggests cracks are beginning to form in that crusty old overinflated bubble....
Read MoreBy Michael Snyder Article Source If brighter days are eventually coming for the U.S. economy, why would Walmart be so eager to lay off corporate employees? Of course the truth is that brighter days are not coming. Yesterday, I...
Read MoreBy Ethan Huff Article Source Ever since the Biden White House decided to change the definition of a recession, economists everywhere have been trying to set the record straight. The only problem is that Big Tech platforms like...
Read MoreBy Cassie B. Article Source Home prices are cooling in the U.S. thanks to a sharp drop in housing demand in June spurred by rising inflation and mortgage rates. Although home prices remain higher than they were one year...
Read MoreBy Michael Snyder Article Source When the economy slows down, layoffs inevitably happen. We witnessed this on a very large scale in 2008 and 2009, and now it is happening again. U.S. economic numbers are rapidly getting worse,...
Read MoreBy David Kelly Article Source Inflation and rapidly growing interest rates pushed total household debt up to a record $16.2 trillion last quarter as credit card spending posted the biggest yearly spike in more than 20 years, the...
Read MoreBy Mary Villareal Article Source The ongoing inflation, coupled with rising interest rates and supply chain issues, has pushed Americans to pay at least $1,000 a month for their vehicles. According to car shopping website...
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