Former Treasury Secretary Summers: U.S. Fiscal Deficit a ‘More Serious Problem Than Ever Before,'

Former Treasury Secretary Summers: U.S. Fiscal Deficit a ‘More Serious Problem Than Ever Before,'

Larry Summers warned that the U.S. faces an unprecedented economic challenge with a federal budget...

Inflation Accelerated, Demand Muted, Jobs Cut: Manufacturing Surveys Scream Stagflation

U.S. manufacturing is contracting, with the ISM survey dropping to 46.7 in October, hinting at...

Bidenomics of Goalseeking Continues to Out Do Itself: US Job Openings Unexpectedly Rose

September’s JOLTS report showed a slight rise in job openings by 56,000 to 9.553 million,...

Gold Holds Firm Awaiting Fed's Interest Rate Verdict

Gold remains steady, with the market anticipating Federal Reserve Chair Jerome Powell’s insights on future...

This Explains Job Shortages and Productivity: People Are Paid More to Work Less

Increased benefits such as extra vacation and family leave contribute to labor shortages and lower...

Continued Wage Growth Decline on ADP Employment Report

For the third consecutive month, ADP’s job addition figures fell short, with October adding only...

Zombie Firms Are Increasingly Filing for Bankruptcy as the Fed Commits to Higher Rates

In 2023, 516 U.S. firms went bankrupt amid increasing ‘zombie firms’—companies surviving on debt despite...

$Billions in Spending for Another Japan Stimulus Package

Japan’s government is rolling out a 37.4 trillion yen stimulus package, including tax cuts and...

Increased Bond Issuance in Treasury's Strategy for Rising Debt and Rates

The U.S. Treasury Department is ramping up debt auction sizes to manage its soaring debt...

“Green Economy” Expected to Boost Silver Demand and Other Silver News

Silver is expected to play a significant role as the “green economy” evolves. The Silver...

Japan’s Slow-Motion Train Wreck

Japan is in the midst of a slow-motion train wreck. The country has a massive...

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