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Economy

27 States Revolt against Biden’s ‘Unconscionable Policy’ for Mortgages: ‘Will Be a Disaster’

May 1, 2023 - 12:16 pmMay 1, 2023 - 10:47 am by David Hawkins

27 states are revolting against Democrat President Joe Biden’s new plan to make good-credit borrowers help subsidize mortgages from higher-risk borrowers.

Categories News Tags Biden, Economy, Mortgage 11 Comments

First Republic Bank Collapses as Regulators Take Control

April 29, 2023 - 8:05 am by Frank Bergman

First Republic Bank has collapsed, marking the third significant implosion in under two months.

Categories Economy, News Tags Banking Crisis, Banks, Economy, First Republic Bank 1 Comment

Wall St Experts Issue Warning after Biden’s Economic Gaslighting: ‘Economy Is Unwell’

April 28, 2023 - 7:30 am by Frank Bergman

Wall Street experts have issued a grim warning after Democrat President Joe Biden attempted to gaslight the American people over the gloomy economic outlook.

Categories Economy, News Tags Biden, Economy, GDP, Growth, Interest Rates, Recession, Wall Street Leave a comment

One of America’s Largest Banks Is on Verge of Collapsing

April 27, 2023 - 1:48 pm by Frank Bergman

First Republic Bank has seen its share prices plunge to new lows this week, taking the institution to the verge of collapsing.

Categories Economy, News Tags Banking Crisis, Banks, Economy, First Republic Bank, Signature Bank, Silicon Valley Bank 1 Comment

Biden Threatens Golden Goose, Plans to Hike Payments for Good-Credit Homebuyers to Subsidize High-Risk Mortgages

April 21, 2023 - 5:43 amApril 20, 2023 - 4:06 pm by David Hawkins

Democrat President Joe Biden has a new plan to penalize homeowners who have good credit scores by making them pay more monthly to subsidize costs for high-risk buyers.

Categories News Tags Biden, Economy, Home Buying, Mortgage, Real Estate Leave a comment

Elon Musk Issues ‘Dire’ Warning to America: ‘Last Time Fed Raised Rates Going into a Recession Was 1929’

April 19, 2023 - 10:24 amApril 19, 2023 - 9:06 am by David Hawkins

Twitter CEO Elon Musk has issued a warning to America about the “dire situation” emerging from Democrat President Joe Biden’s bungling of the economy.

Categories News Tags 1929, Biden, Economy, Elon Musk, Federal Reserve, Interest Rates, Jerome Powell, Recession 1 Comment

Americans Paid $5 Trillion in Taxes to IRS Last Year Alone

April 18, 2023 - 7:08 am by Nick R. Hamilton

The Internal Revenue Service (IRS) raked in a record-breaking $5 trillion in taxes last year.

Categories Economy, News Tags Americans, Business, Economy, IRS, News, Taxes, Taxpayers 2 Comments

Top Economist Issues Warning about Banking Crisis: ‘The Worst Is Ahead of Us’

April 11, 2023 - 8:18 pm by Frank Bergman

A top U.S. economist has issued a warning to the American people regarding the banking crisis.

Categories Economy, News Tags Banking Crisis, Banks, Economy, Nouriel Roubini 2 Comments

U.S Adds 236,000 Jobs as Labor Market Slows in March

April 7, 2023 - 2:06 pm by Nick R. Hamilton

The United States added 236,000 new jobs in March, slightly below the market estimate of 238,000, according to the latest government data.

Categories Economy Tags Bureau of Labor Statistics, Business, Economy, Jobs, News Leave a comment

JPMorgan CEO Warns Banking Crisis ‘Not Over Yet’: ‘There Will Be Repercussions for Years to Come’

April 4, 2023 - 7:51 pm by Frank Bergman

JPMorgan Chase CEO Jamie Dimon has warned that America is facing “unprecedented”  risks from the current economic climate and cautioned that the banking crisis “is not over yet.”

Categories Economy, News Tags Banking Crisis, Economy, Jamie Dimon, JPMorgan Chase 3 Comments
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