Recession

Here's Why You'll Pay Higher Gas Prices Whatever The Market

The average gasoline tax in the U.S. is 49.5 cents per gallon, according to data from the American Petroleum Institute. That’s not too bad as far as averages go, but it has been climbing over the last five years and it will continue rising as states lose hope that the federal government will chip in for infrastructure construction and maintenance, and transportation.

"Get Rich Quick In Virginia"

"Richmond VA is inundated with radio commercials to get rich quick by flipping houses. And I’ve seen articles in the paper about flippers. I, too, viewed this as being indicative of a top. We’ve also seen a huge surge in new restaurants."

UMich Confidence Ticks Up As Inflation Expectations Slump To Record Lows

Preliminary May data from University of Michigan shows a small uptick in overall consumer sentiment (from 97.0 to 97.7), back near cycle highs with 'expectations' rising modestly. However, Americans see medium-term expectations for inflation as the weakest on record... and Buying plans, however, were mixed: household durables rose to a decade peak, while vehicle buying conditions slipped to a three year low.

Is A Chinese Recession Imminent? Yield Curve Inverts For First Time Ever

While China growth has been slowing, and monetary conditions tightening, few (if any) have predicted any prolonged deflation (let alone a recession), yet overnight - for the first time ever - the $1.7 trillion Chinese bond market inverted, flashing a warning signal to the world that something is wrong.