Venezuela provides a glimpse into the horrors of inflation gone wild: A dozen eggs cost $150 USD as hyper inflation wrecks economy.
The award for worst performing economy in 2016 would likely go to Venezuela. What could possibly go wrong when the government tries to control absolutely everything in a petro state? Apparently everything can go wrong and you now have runaway inflation. At this point Venezuela’s currency is in a death spiral of hyperinflation. A dozen […]
The creeping cost of consumer inflation brought to you by a lower US dollar – Americans squeezed as inflation filters into the cost of daily life. The uncertain employment market of low wage work.
There are unintended consequences when policy aims at depreciating a currency in favor of bolstering an ailing banking system. The Federal Reserve has been on a multi-decade mission to lower the value of the US dollar. The primary purpose of this mission is to inflate banks into solvency as they try to work their way […]
10 States with Underemployment Rates of 20+ Percent. Manufacturing Sector Employs Same Number of Workers that we did in 1940.
The average American family must look at the current stock market rally as some kind of cruel joke. We have people anxiously waiting for government funds or paychecks to clear at the end of the month so they can wait outside of a Wal-Mart shopping center at midnight to buy food once their funds clear. […]
Federal Government Budget Deficit in October is Three Times the Annual Budget Deficits of the Banana Republic of California.
California has been the poster child of ineffective state government. Bickering politicians, constant spending, and budget deficits that baffle the economic bottom line. But California isn’t alone in this spend more than you earn reality. Last year, California had to patch up $60 billion in budget deficits. A large and historical sum no doubt. Yet […]