Americans across the country say that soaring inflation is lowering their standard of living, a new CBS poll shows. The poll also spells dooms for the Democrats as most voters believe that President Joe Biden is to blame for the high cost of living. The deeper sense is that the…
A central bank policymaker has spoken out to warn that the globalist "Net Zero" agenda of the World Economic Forum (WEF) and United Nations (UN) is behind the soaring inflation rates felt around the globe. According to Catherine Mann, a prominent member of the Bank of England's (BOE) Monetary Policy…
Georgia's Republican Governor Brian Kemp has declared a "state of emergency" over high inflation in the state. Kemp announced that he would be temporarily suspending the state’s gas tax in an effort to ease the burden on drivers. The tax suspension started on Wednesday and will last until October 12.…
America's inflation woes are likely to intensify further after Saudi Arabia revealed in a surprise announcement that it is slashing oil output. On Sunday, the Saudis announced that the country is rolling out voluntary cuts to the Kingdom's oil production. Russia and other OPEC+ oil producers are joining Saudi Arabia…
Investment mogul Warren Buffett has issued a warning about “runaway inflation” from the consequences of fiscal deficits over the last decade. In his annual letter (pdf) to Berkshire Hathaway shareholders, Buffett touted his confidence in the U.S. economy. However, he also warned that "deficits have consequences." Buffett, 92, encouraged investors…
The Eurozone's core inflation soared to a record high in January, as the bloc’s energy crisis rages on. The euro bloc is currently facing the worst energy crisis in decades after the Russia–Ukraine war caused gas and oil prices to soar. Last month, Europe’s consumer price index showed inflation in…
Federal Open Market Committee (FOMC) members are quietly raising concerns about a long, drawn-out recession, recent minutes have revealed. Minutes from the latest FOMC policy meeting show that the policy-making arm of the central bank believes the odds of a recession occurring in 2023 are higher. While inflation is moderating…
Used car prices have soared, recording the largest February increase in 14 years, according to reports. The spike in prices comes as inflation continues to drive consumer prices. Wholesale used-vehicle prices increased 4.1 percent from January through the first half of this month, signifying the largest February increase since 2009’s…
Rapper Cardi B has reached her limit with rising inflation in Biden's America. She took to social media to tell the people in charge to bring the prices down. The music star noted that, if it is hurting her, it must be crushing "middle-class people or people in the hood."…
American businesses are remaining "extremely cautious" as they head into the new year as recession fears continue to weigh heavy for 2023. One of the most hotly debated topics of 2022 has been the question of whether or not the U.S. economy is in recession. Yet corporate America is bracing…