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

NELLES: Will The Housing Market Collapse Next?

The U.S. housing market continues to stumble as rising interest rates reduce the demand for mortgages and make homes more difficult to sell. But will the bottom fall out of the market? The 30-year “fixed-rate mortgage averaged 6.94%… as of Thursday (October 20, 2022), up from 6.92% a week ago… A year ago this time, the 30-year rate averaged 3.09%.” As one would expect, these high mortgage rates are driving applications to near record lows. “Mortgage applications decreased 4.5% on a seasonally adjusted basis for the seven-day period ending October 14.  Application activity fell for the ninth time in 10

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

biden refugee

Biden’s Economic Aide & Refugee Coordinator Told Americans To ‘Welcome’ And ‘Understand’ Chinese Communist Party After Decades Of Working With Foreign Influence Groups.

Jack Markell – President Joe Biden’s pick to serve as ambassador to the international Organization for Economic Cooperation and Development – has a long history of partnering with Chinese Communist Party foreign influence groups and has called on Americans to “welcome” and “understand” the communist regime. Markell, a former Governor of Delaware, was also tapped by the White House to lead its Afghan refugee resettlement program “Operation Allies Welcome” in September before his ambassadorship was confirmed by the Senate. In 2011, Markell penned an op-ed – “How We Can Use China’s Growth To Fuel American Jobs” – where he called for

biden china

Joe Biden’s Economic Advisor Said There’s “Nothing Better Than” The Chinese Communist Party’s Economic System.

President Joe Biden’s latest appointment to an economic advisory council appeared to claim there “is nothing better than” China’s authoritarian economic system in terms of managing market chaos, lamenting “we can’t do anything since the United States is such a free country,” The National Pulse can reveal. President Biden tapped Dominic Ng, the chairman of East West Bank, to represent the United States on the Asia-Pacific Economic Cooperation (APEC) Business Advisory Council (ABAC), comprised of a group of business leaders that advises governments on issues in the region. While speaking at the Future of Asia Conference in 2018, Ng appeared

biden summers

Joe Biden’s Private Economic Adviser Revealed His ‘Enormous Respect’ For Chinese Communists as He Collaborated With a Key CCP Propaganda Group.

Lawrence Summers – a director of former President Barack Obama’s National Economic Council turned advisor to President Joe Biden – has collaborated with the Chinese Communist Party’s premier foreign influence group, flagged for its efforts to “influence foreign governments to take actions or adopt positions supportive of Beijing,” The National Pulse can reveal. Please support The National Pulse's continued efforts to expose sellouts like Summers by clicking here. Your full story continues, for free, below. Summers – a fixture in the Democratic Party who also served as former President Bill Clinton’s Secretary of the Treasury – is the latest high-profile

Inflation Concerns Surging as Most Voters Rate Biden ‘Poor’ on Economy.

A majority of voters now rate President Joe Biden’s handling of the economy as poor, amid rising concerns about inflation. A new national telephone and online survey by Rasmussen Reports and The National Pulse finds that just 34 percent of Likely U.S. Voters rate Biden’s handling of economic issues excellent or good, while 51 percent now give the president a poor rating on the economy. That’s a significant decline since July, when 42 percent of voters rated Biden good or excellent on economic issues and 43 percent gave him a poor rating. Eighty-three percent of voters now say they are

brexit

IMF Forecasts Huge Growth for Brexit Britain, Ahead of Germany (And Even Beating America in 2022!)

The International Monetary Fund (IMF) — a globalist, anti-sovereignty entity — has forecast bumper GDP growth for the United Kingdom following the nation’s departure from the European Union. IMF numbers claim the UK’s economy will grow by 4.5 percent this year, and by 5 percent in 2022. Britain’s economy shrank at a faster rate than the U.S., Japan, and Canada in 2020 due to overzealous anti-coronavirus lockdown measures. This is compared with Euro area growth of 4.2 percent and 3.6 per cent for the next two years, with Germany further behind on 3.5 and 3.1 percent. Even the United States

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