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“Inflation is bad now — but the Fed could return us to the ’70s” So much for Federal Reserve Chairman Jerome Powell’s repeated assurances last year that inflation would prove to be but a transitory phenomenon. So much too for our hopes that it will be smooth sailing ahead for the economy, the stock market and…
” $40K Bitcoin price is in reach, but analysts warn that a sweep of recent lows is likely “ There’s was no rest for weary crypto traders on March 10 as a blistering 7.9% CPI print emerged as the headline of the day, putting pressure on global financial markets and erasing the previous day’s gains…
“Inflation is Biden’s fault, and only Biden’s fault” If you break it you own it,” is pretty much what Joe Biden should be thinking right now, but he isn’t, of course. Yes, it’s inconceivable that the president who so deservedly owns his moniker “Sleepy Joe” has enough self-awareness to own up to his role in…
“Shoppers crossing beef off grocery lists as prices soar 16%” Families on a budget are paring back the red meat on their menus after beef prices have risen more than 16% since last year. Even as prices for red meat have begun to dip slightly from their pandemic highs, it’s too late for financially strapped…
“Food prices across globe skyrocket by 20.7 percent across globe” World food prices, led by the skyrocketing costs of dairy and vegetable oils, reached record highs in February. The shocking 20.7% yearly increase in food costs was reported Friday by the United Nations’ Food and Agriculture Organization, which tracks the prices of food staples. The…
“#Biden’s unserious State of the Union” It takes a special sort of political cynicism to publicly thank the Ukrainian ambassador for her nation’s bravery — and stress in the next moment that we will do nothing to defend her country with our military. But then President Biden’s State of the Union speech was nothing but…
“#Rising crime, inflation gives NY GOP shot at winning seats” Republicans in New York State have opportunities to gain seats in the 2022 midterm elections amid rising crime and raging inflation under Democrats’ leadership, a new poll suggests ahead of the party’s nominating convention Monday. Crime and the economy are the top issues in voters’…
“#How Ukraine war could make it worse” A key indicator of inflation showed another increase in prices for January as Americans gird for more economic turbulence exacerbated by Russia’s invasion of Ukraine. The personal consumption expenditures index — or PCE — which is put out by the Department of Commerce and is considered the preferred…
“# Bitcoin investors ‘buy the dip’ as BTC nears $40K, gaining 16% in less than 24 hours ” Buyers returned to the Bitcoin (BTC) market, locating interim upside opportunities as the price rebounded to nearly $40,000 on Feb. 25, gaining 16% in less than 24 hours. Investors bulk up Bitcoin holdings The number of Bitcoin…
“# Bitcoin price spike to $39K leads traders to say ‘the panic is over for a few days’ ” Global financial markets and crypto markets were pummeled over the past 24-hours as the invasion of Ukraine by Russian forces sent investors scrambling and sell-offs took place across most asset classes. Data from Cointelegraph Markets Pro…