Economy Archives - Page 10 of 21

American Consumers’ Sentiment on Economy Plummets, New Survey Shows

Sentiment regarding the U.S. economy is plummeting among American consumers, a new survey has revealed. Consumer sentiment fell this month, despite upwardly revised figures, according to the University of Michigan. In a newly released survey, the consumer sentiment index for November had deteriorated less than expected and was revised to…

US Inflation Dips Below 8 Percent for First Time since February

Inflation rates in the United States have dipped below 8 percent for the first time since February. According to new data from the Bureau of Labor Statistics (BLS), the U.S. annual inflation rate eased to 7.7 percent in October. The figure is down from 8.2 percent in September. The core…

Steven Mnuchin Warns America Is in a Recession That Will Continue for Years

Former U.S. Treasury Secretary Steve Mnuchin has warned that America is in the grips of a recession that will now continue for the next couple of years. Mnuchin weighed in on the recession debate by stating that he believes the United States is already in the midst of an economic…

Biden Sinks Democrats before Midterms: ‘The World Is in a Bit of Disarray’

President Joe Biden has sunk the entire Democratic Party with his latest comments just days away from the critical midterm elections. The Democrats were doomed when the polls tightened and the party found themselves without a leading advocate. The White House has been hiding Vice President Kamala Harris and Press…

Yellen Admits Inflation Could Get Worse but Has ‘Confidence’ It’ll Get Better, Eventually

Treasury Secretary Janet Yellen has admitted that inflation could get worse but insists that she has "confidence" that price pressures will ease “over the next year or two.” Yellen made the remarks during a Monday interview on NBC News. She said there are “good indications” that inflation will eventually drop…

Ann Coulter Calls Biden’s Bluff, Lands Midterm Knockout Blow

Ann Coulter has just called Democrat President Joe Biden’s bluff and landed a decisive midterm knockout blow. Biden gave a speech today to try to spin away his greatest failure - mismanaging the economy. Rather than offer up economic proposals, Biden tried to scare the American people by claiming Republicans…

US Housing Recession Deepens as Existing Home Sales Fall to 10-Year Low

As the U.S. housing recession worsens, existing home sales have fallen to their slowest pace in 10 years, according to reports. With the exception of the first few months of the pandemic, home sales have now slowed to levels not seen since September 2012. Sales of homes are 23.8 percent…

Jeff Bezos Issues Grim Warning on the Economy: ‘Batten Down the Hatches’

Amazon founder Jeff Bezos has issued a grim warning about where the economy is heading. Despite denials from the Biden administration, the United States economy has met the rule-of-thumb definition of a recession - two consecutive quarters of negative growth. The economy contracted at a 1.6% annualized rate in the first…

Dan Bongino Shuts Down Biden’s Absurd Inflation Claim: ‘Full of Crap All the Time’

Dan Bongino shut down Democrat President Joe Biden’s absurd claim that inflation will get worse if Republicans win control of Congress in the critical midterm elections next month. Biden said in Los Angeles with a straight face: “If Republicans win, inflation’s going to get worse. "It’s that simple. We’ve got…

Elise Stefanik Fires Back at Biden: ‘Shame on His Entire Administration’ for Downplaying Inflation

Republican Rep. Elise Stefanik (R-NY) has fired back at Democrat President Joe Biden for trying to downplay inflation. Stefanik was responding after Biden made an astounding statement that the "economy is strong as hell." While eating ice cream during a much-maligned press event, Biden said: “I’m not concerned about the…