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“More energy insanity from Democrats” Congressional Democrats were at it again on Wednesday, grilling oil-industry leaders in a lame attempt to cover up the ugly reality of our economy. The House Energy and Commerce Committee’s oversight panel is sticking to the Biden script. Sky-high gas prices are due to corporate greed, with an assist from…
“Federal Reserve moves toward slashing bond holdings to fight inflation” The Federal Reserve is moving closer to rapidly shrinking its huge $9 trillion stockpile of bonds in the coming months to fight high inflation, a move that would contribute to higher borrowing costs for consumers and businesses. In minutes from their most recent policy meeting…
“New Fed study shows Biden owns our economic disaster” President Joe Biden loves to blame our sky-high inflation on corporate greed and Vladimir Putin. But a new study from the San Francisco Fed shows it was Biden himself who put America on this grim trajectory. Specifically, it was the massive $1.9 trillion stimulus dumped into the US…
” BTC starts 2022 all over again — 5 things to know in Bitcoin this week “ Bitcoin (BTC) starts a new week and a new quarter as if it were starting the new year — at just over $46,000. In what will seem like some serious deja-vu for hodlers, BTC/USD is at practically the…
“City Council’s massive budget ignores reality and inflation” Last month, Mayor Eric Adams proposed a $101 billion city budget for the fiscal year that starts in July, about 1% more than de Blasio’s final budget. Now the City Council is rewriting the document. The council’s massive proposed spending increase shows that if the mayor isn’t living fully…
“NYC slice costs more than a subway swipe for first time” A slice now costs more than a swipe. That breaks the “pizza principle,” a New York City economic precept that holds that the price of a piece of cheese pizza and a single ride on the subway rise together, staying the same price. The…
“Biden wants you to believe he’s creating jobs — despite what’s happened” President Joe Biden loves to take credit where it isn’t due on the economy. “Americans are back to work,” he said Friday of the latest jobs report, citing “record job-creation” and “record wage gains.” Nothing could be further from the truth. Nominal wage gains…
“Biden’s baloney, the WaPo’s flip-flop and more” Diary of disturbing disinformation and dangerous delusions This tweet: After my predecessor’s fiscal mismanagement, we’re reducing the Trump deficits and returning our fiscal house to order. — President Biden (@POTUS) March 28, 2022 We say: Ha! If the economy today were as “bad” as when Trump “mismanaged” it…
” Bitcoin derivatives metrics favor a move to $48K, but only after a lower support retest “ Bitcoin (BTC) saw an 11% gain in the past week after the $46,000 resistance finally broke after 82 days. Many crypto pundits argue that Terraform Labs CEO Do Kwon has played an important role in the price change, but…
“Avocado prices spike to 24-year high after Mexico import ban” Avocado prices have surged to their highest level in more than two decades – a trend that worsened after the US temporarily banned imports from key supplier Mexico after a threat against safety inspectors. A 20-pound box of avocados from the Michoacán, the only state…