economics


Consumer Credit Smashes All Estimates As Monthly Credit Card Debt Unexpectedly Surges By Most In 2 Years

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Meanwhhile, the average credit card APR has gone up in the past 2.5 years despite 1.75% in rate cuts by the Fed. 


January US Jobs Report Rescheduled For February 11

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The January employment report has been rescheduled for Wednesday, Feb. 11, according to the Bureau of Labor Statistics.


No Global Recession In 2026, But Period Of Poor Growth Continues

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The IMF has not admitted its mistake in assuming stagnation and elevated inflation due to tariffs and prefers to explain the massive upgrades justifying them on lower policy rates, ongoing fiscal support, and high-tech investment...


US Services Sector Surveys Signal Solid Growth In January, But...

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...higher prices, lower new orders, and weaker employment are not helping sentiment.


California Plans "Mileage Tax" To Bleed Citizens For Even More Cash

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California residents who thought they could escape high gas taxes by purchasing an electric car will be disappointed...


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This Weeks Jobs, JOLTS Reports To Be Delayed Due To Govt Shutdown

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“Due to the partial federal government shutdown, the Bureau of Labor Statistics will suspend data collection, processing, and dissemination.”


Huge Surge In New Orders Sends US Manufacturing Activity Near 4 Year Highs

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This was the biggest MoM surge in the ISM print since April 2020 (COVID rebound)...


Bifurcation Nation & The TINA Economy's Freefall

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The endgame of a fully financialized, coercive TINA economy and society is Bifurcation Nation stumbling into the abyss of Depression...


Germany's PMI "Recovery" Is Built On Layoffs, Price Inflation, And State Expansion

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What we are witnessing is the reaction of the economy to ever-rising energy costs and higher input prices, which - made visible through the inflation index - are passed on to customers and artificially inflate the headline figures...


Why The Next Recession Will Be The Catalyst For Depression

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...a recession will catalyze a collapse of the credit-asset bubble-dependent economy down to its foundations


US Factory Orders Surged In November

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...biggest jump in six months.


Trump Says John Deere Will Invest $70 Million To Build Excavator Factory In North Carolina

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The farm equipment maker will build two new factories in the United States, one in North Carolina and another in Indiana.


Decline Rewritten: The Changing Face Of American Shopping Malls

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From 2021 through 2025, mall openings exceeded mall closures, a recent report shows.


One, Big, Beautiful Refund: How The $1000 Jump In Tax Refunds Will Impact Consumers

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"The Treasury has estimated that households will benefit from a $1,000 increase in their average tax refund this year, an approximate 31% increase in refunds, from the average refund last year ($3,230)."


Winter Storm Fern To Lower Q1 GDP By 0.5% To 1.5%

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Winter storm Fern is mostly over, its resulting damage, however, will linger for a long time.


Trump Threatens To Raise Tariffs On South Korean Goods To 25%; Won Slides

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Here we go again. 


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The Fatal Limits Of The Technocrat Class

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...collapse is not the absence of order. It is the failure of particular scales of organization...


Core Durable Goods Orders Rise For 8th Straight Month

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...strongest annual growth since June 2022.


US Q3 GDP Revised Up to 4.4%, Highest In Two Years

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Inflation-adjusted gross domestic product increased at a revised 4.4% annualized rate, the fastest in two years, and up 0.1% from the initial estimate, reflecting upward revisions to exports and investment that were offset by a downward revision to consumer spending. 


Europe Prepares To Unleash Anti-Coercion "Trade Bazooka" Against Trump: Here's What's In It

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Europe's "trade bazooka" has a 10-point list of possible measures on goods and services. They include...