U.S Economy Crashes into Contraction for First Time Since 2020
The United States economy has suffered a major downturn in July, crashing into contraction for the first time since the impact of the pandemic hit in 2020.
Inflation
Looming Debt ‘Death Spiral’ Will Force Fed to Restart Money Printers Sooner, Expert Warns
A leading economic expert is warning that the U.S. Federal Reserve will soon be forced to start printing money again as a “death spiral” of debt is looming.
Van Jones Comes Clean, Admits Biden Has Failed Black Voters Economically: ‘It Got Worse’
CNN’s Van Jones has blasted Joe Biden over his failed promises to African American voters, noting that things have “got worse” for black people under the Democrat president.
30 Percent of Gen Z Americans Permanently Living with Parents amid Inflation Squeeze
Almost 30 percent of Gen Z Americans are living with their parents amid recent pressures from inflation and the pandemic, according to a new survey.
Morgan Stanley Warns Bear Market ‘Not Over,’ Even If We Avoid Recession
American multinational investment bank Morgan Stanley has warned that the current bear market is “not over” amid recent positive signals.
Retail Sales Rose in June but Down When Inflation Taken into Account
Retail sales in the United States saw a 1 percent rise in June but were down when the impact of inflation is taken into account.
Key Democrat Rep Warns Biden to Stop Lying about Inflation: ‘People Can Feel and See Spin’
Rep. Elissa Slotkin (D-MI), a former CIA analyst and member of the House Homeland Security Committee, has called out Democrat President Joe Biden and other Democratic leaders for lying about inflation.
Defaults to Soar amid ‘Extremely High’ Recession Risk and Rising Borrowing Costs
Credit defaults in the United States are expected to soar as borrowing costs continue to rise amid an “extremely high” risk of recession, a group of finance industry leaders is warning.
Chelsea Clinton Bashes Trump, Praises Biden for Having ‘Taken Action’ on Inflation
Chelsea Clinton has taken a swipe at President Donald Trump while praising Joe Biden for having “taken action” to tackle soaring inflation.
Joe Manchin Scolds Biden and Pelosi for Ignoring Warnings ‘about Rising Cost of Inflation’
Democrat Senator Joe Manchin (D-WV) has scolded President Joe Biden and Democratic Party leadership for ignoring his warnings on inflation.