NELLES: Another Biden-Era Recession Looms in 2023. The Question Is: ‘How Long, and How Painful?’

Low unemployment, moderating inflation, a teetering housing market, and unprecedented household debt all combine to drive economists to tarot cards, animal sacrifice, and Ouija boards to make their next predictions. Deconstructing and reconstructing the issues help gain an understanding of where the economy will go in 2023. Unemployment. Per the Bureau of Labor Statistics, the unemployment rate fell to 3.5 percent in December 2022 – almost full employment.  The layoffs are starting, however, driven by tech companies. Alphabet (Google), Microsoft, Amazon, Salesforce, and Vimeo have announced a combined layoff of nearly 50,000 employees. Strong unemployment numbers drove television pundits to

bidenomics

NELLES: Americans Are Borrowing More Than Ever, and Biden’s ‘Zero Inflation’ Lie Will Only Make It Worse.

President Biden claimed on Wednesday, August 10 that, “today we received news that our economy had zero percent inflation in the month of July – zero percent,” despite the fact that the Consumer Price Index (CPI), the measure of inflation, was up 8.5 percent versus July 2021.  While the CPI was down from its 9.1 percent June number, it is still extremely high, and certainly not zero. The decrease in acceleration of the inflation rate was driven primarily by a decrease in gas prices. Per Bloomberg, “while a drop in gasoline prices is good news for Americans, their cost of

net zero cost

2050 ‘Net Zero’ Climate Target Will Cost $275 TRILLION; More Than U.S. Govt Currently Spends Per Day.

Top consulting firm McKinsey has calculated that the net-zero emissions targets set by global governments and championed by the United Nations would would cost the public a staggering $275 trillion by 2050, or around $30 billion per day for the next 25 years. The number would account for more than the U.S. government currently spends per day, with the targets especially a part of Boris and Carrie Johnson’s green agenda in the United Kingdom. President Biden recently committed America to the same 2050 target, telling the COP26 conference of his regime’s “overall long-term strategy that outlines [and] how we’ll get

Why The Debt Ceiling Matters To Deplorables.

With the extension of the U.S. debt ceiling looming, ones head can spin listening to explanations as to why it is important to do the extension or not. At some level, most people understand the concept of too much debt and living beyond ones means. The difficulty is that these conversations quickly become mired “in the weeds” with the jargon of economists and Wall Street types. The listeners and readers quickly lose interest. The numbers are huge, but isn’t the deficit about other people? The answer is no. It is about us, collectively. But the impact will be felt disproportionately