Economy Archives - Page 15 of 21

Ex-Obama Economic Advisor Larry Summers Warns ‘Recession Is Ahead’

Larry Summers, the former economic advisor and Treasury Secretary in Barack Obama's administration, has warned that Democrat President Joe Biden is leading America toward "a recession." Summers warns that previous periods of high inflation and unemployment, like the one we are currently in, have led to recessions within a “year…

Elise Stefanik Tells ‘Buck-Passing’ Biden to Do His Job: ‘America’s Shortages Resemble a Third World Nation’

Republican Rep. Elise Stefanik (R-NY) has called out Democrat President Joe Biden over his administration's "buck-passing" regarding America's shortages. As the American people battle soaring gas prices, food shortages, and a lack of baby formula, Stefanik warned that the United States under Biden is starting to look more like a…

Red Flag Flashes for Recession as Bellwether 2-10 Yield Curve Inverts

A red flag for recession was raised on Monday when the yield curve inverted on the bellwether 2-year/10-year U.S. The indicator is being seen as a sign that the U.S. economy is about to slide into a recessionary period. Treasury spread on expectations that the Federal Reserve might tighten monetary policy…

Biden Comes Clean on Inflation: ‘It’s Not Coming Down as Quickly as We Must See’

Democrat President Joe Biden has admitted that inflation "is not coming down as sharply and as quickly" as we need it to. After today’s stunning inflation numbers, there is no end in sight to the economic gloom. The Labor Department’s report hit Biden hard showing the consumer price index jumped…

US Economy Slowing Due to Persistent Inflation, Supply Woes, OECD Warns

The United States economy is slowing down due to persistent inflation and ongoing supply chain issues, the Organization for Economic Cooperation and Development (OECD) has warned. The OECD has cut its growth forecast for the U.S. economy, blaming high inflation and supply disruptions. The organization says the issues are remaining…

BlackRock CEO Larry Fink Warns Inflation Will Last a ‘Number of Years’

Larry Fink, the chairman and CEO of the world's largest asset manager BlackRock, has warned that U.S. inflation is likely to continue "for a number of years." Fink made his comments while speaking with David Westin during an interview on "Bloomberg Markets: The Close." Westin stated that the markets had…

Elon Musk Has ‘Super Bad Feeling’ about Economy, Plans to Slash 10% of Jobs at Tesla

Elon Musk has warned he has a “super bad feeling” about Democrat President Joe Biden’s economy and plans to slash 10 percent of the workforce at Tesla. Musk says he will also "pause all hiring worldwide," according to a leaked email obtained by Reuters. In the email, Musk raised concerns…

JPMorgan CEO Warns America of Coming ‘Economic Hurricane’ under Biden

J.P. Morgan Chase CEO Jamie Dimon has warned Americans to "brace" for an "economic hurricane" that is coming due to Democrat President Joe Biden’s policies. Dimon overruled the president’s rosy economic outlook and warned that Biden is about to unleash an even deeper economic crisis on an unsuspecting public. “I…

Larry Kudlow Issues Warning about Biden’s Spending Plan: ‘Wokeness Is Going to Destroy Our Economy’

Former Trump adviser Larry Kudlow has issued a warning to the American people that the Democrats' "wokeness is going to destroy the economy." Speaking during his appearance on Fox Business's "Varney & Co." on Tuesday, Kudlow took aim at Democrat President Joe Biden's "woke" policies. He argues that the president's…

US Consumer Sentiment Falls to Near 10-Year Low in May

Consumer sentiment in the United States has fallen to an almost ten-year low in May, new data reveals. The drop was revealed in the final May edition of the University of Michigan’s Sentiment Survey, which was released on May 27. The index fell from 65.2 in April to 59.1 in…