Category: Economics

Implemented Biden administration leading the economic war on women

The Bureau of Labor Statistics releases the second quarter national wage rate data today {BLS DATA HERE}. U.S. wages DECLINED 1.2% in the second quarter of 2021 compared to last year. When reviewing the data [Table 2], look at the negative impact to women, specifically Black and Asian women.

America is warned to brace for 4 years of rising inflation

A new Bank of America report predicts consumer prices will continue to soar for up to four years, as the Federal Reserve’s preferred measure of inflation hits its highest level in three decades.

In a note on Friday, BofA’s top strategist Michael Hartnett predicted inflation will remain in the 2-4 percent range over the next two to four years.

Meet the Wall Street Investors and Chinese Communists buying single family American homes

Dallas-based Invitation Homes Inc. is a listed company with origins with the Blackstone Group Inc. In the first quarter of 2021, Invitation Homes acquired 696 homes for US$ 233 million worth of homes and is part of a US$ 1 billion acquisition target in 2021.

Key inflation indicator rockets by 3.1% through April–the biggest jump since 1992

U.S. consumer prices surged in April, with a key measure of underlying inflation blowing past the Federal Reserve’s 2 percent target and posting its largest annual gain since 1992.

In the 12 months through April, the personal consumption expenditures price index vaulted 3.1 percent, the most since July 1992, after rising 1.9 percent in March, data on Friday showed.

Here are the companies hiking prices in response to soaring inflation

Earlier today we noted that the one thing every company was obsessing during their Q1 earnings call: inflation. As BofA equity strategist Savita Subramanian calculated, mentions of “inflation” quadrupled YoY, and after last week, mentions have exploded nearly 800% YoY. More striking was her observation that as “mentions skyrocket to near record highs from 2011″ these point to at the very least, “transitory hyper-inflation ahead.” This is an official statement from a Big-4 bank, not some tinfoil conspiracy blog.

Biden Administration cancelling fines for illegals who refuse to leave US

On Friday, Department of Homeland Security (DHS) Secretary Alejandro Mayorkas announced that he had ordered Immigration and Customs Enforcement (ICE) to cancel fines for illegal immigrants who refuse to leave the United States, claiming that the fines are “counter to the agency’s best interest.”

Jobless claims unexpectedly jump to 774,000, much worse than expected

Economists had forecast a decline to 680,000 from the previous week’s 719,000. This is the second consecutive week in which initial jobless claims moved up in contradiction to expectations. The upper end of the range of forecasts in the Econoday survey was 705,000.