Posts Tagged ‘digest’

Breitbart Business Digest: The Economy Beat the Economists This Year

The American economy can stay solvent longer than economists and pundits can stay irrational. Source

Breitbart Business Digest: The UAW Is Fighting Bidenomics and Bidenflation

The looming strike by the United Auto Workers is as much a protest against Bidenomics as it is the policies of General Motors, Ford Motor Company, and Stellantis. Source

Breitbart Business Digest: Bidenomics Is Creating a Debt-Inflation Spiral

The Biden administration’s deficit spending has become a big part of the inflation problem. Source

Breitbart Business Digest: Services Sector Shrugs Off Recession Talk

The idea that economic growth is faltering received another blow on Wednesday when the Institute for Supply Management reported that the services sector expanded for the eighth straight month in August. Source

Breitbart Business Digest: A Weird Recovery in a Broken Housing Market

What if we had a housing recovery and no one showed up? Source

Breitbart Business Digest: Unaffordable Used Car Prices and an Accelerating Economy

When we elected a self-styled “car guy” as President of the United States, this was not quite what we expected. Source

S&P 500 Inches Down as Investors Digest More Big Bank Earnings

The benchmark S&P 500 edged lower on Tuesday as investors digested earnings reports from top lenders Morgan Stanley and Bank of America, after the markets rallied last week in anticipation of the results and signs of inflation cooling. The Dow Jones Industrial Average rose 11.73 points, or 0.03 percent, at the open to 34,597.08. The […]

Breitbart Business Digest: Stronger GDP Revisions Point to More Inflation

The third GDP revision raises concerns about the persistence of inflation but also provides powerful support to our view that the economy is unlikely to enter a recession this year. Source

Breitbart Business Digest: The Yield Curve Hints That a Debt Limit Accident Is Possible

The yield curve on very short-term debt issued by the U.S. government is deeply inverted. Could this signal concerns about the debt ceiling? Source

Breitbart Business Digest: Hot Inflation Means at Least One More Fed Hike

The bottom line for next week’s meeting of the Federal Open Market Committee is another 25 basis point hike. Source

Breitbart Business Digest: Silicon Valley Bank’s supersized depositors got bailed out

(Natural News) Silicon Valley Bet It Could Avoid the Costs of Managing Banking Risk. It Won That Bet. (Article by John Carney republished from Breitbart.com) Silicon Valley essentially put the cost of ordinary corporate treasury prudence onto the banking system and got rewarded for it when the government broke its own rules and agreed to back even […]

Breitbart Business Digest: Good News for Powell—Americans Are More Pessimistic Now

Jerome Powell finally got some good news today: the American people grew increasingly pessimistic about the economy in February. Source

Where to Get the Best Stuff From Architectural Digest Home Tours

Nothing gets our engine purring quite like the words, “Babe, do you wanna turn on the sunset lamp and roll the YouTube playlist of Architectural Digest celebrity home tours again?” Few things are as aspirational, serotonin-inducing, and healing as snorting all 139 (!!) of the videos of rich, hot people that we’ve formed totally healthy, […]

Breitbart Business Digest: The Labor Market Is Fighting the Fed

The labor market remains seriously out of balance, and the Federal Reserve is not likely to relent so long as this remains true. Source

Breitbart Business Digest: Powell Sticks to ‘Whites of Their Eyes’ Policy

Chairman Jerome Powell on Wednesday ruled out the idea that the Fed might raise its benchmark interest rate by 75 basis points. Source

Breitbart Business Digest: Nancy Pelosi Headed to Stock Trading Hall of Fame; FTX Gets the Clown Emoji

One of the most successful congressional stock traders of all time announced that she’s stepping down from her House speakership. Source

Breitbart Business Digest: What to Expect When You Are Expecting More Inflation

You might have thought that we would get a respite on bad inflation news after the hotter-than-expected prints from the producer price index and the consumer price index. You would have been wrong. The University of Michigan’s survey of consumers showed an improvement in the present situation assessment but a worsening in both the expectations […]

Breitbart Business Digest: We May Have Hit Peak Disinflation

While a lot of the commentary on inflation has centered around the idea that we may have passed peak inflation, the more relevant question is whether we have already had peak disinflation. Source

Breitbart Business Digest: Is the Fed Too Focused on the Long Run?

The Federal Reserve is convinced that inflation expectations are extremely important. But are they right about which inflation expectations? The consensus view among Fed officials appears to be that longterm inflation expectations deserve the most attention. When Fed officials look to both surveys and financial markets to glimpse inflation expectations, they tend to emphasize three […]

Breitbart Business Digest: Woke Capitalism Is Alienating Republicans

President Joe Biden said on Monday that the American people should have confidence that “we’re on the right track” and that we are “seeing real progress” in the fight against inflation. The Federal Reserve Bank of New York’s latest survey indicates that Americans actually are pretty confident that we have seen the worst of inflation. […]

Breitbart Business Digest: Why Powell Thinks the Labor Market is ‘Clearly Unbalanced’

Just how unbalanced is the labor market? This question has become one of the biggest debates in economics today. Federal Reserve Chairman Jerome Powell and his fellow officials at the Federal Reserve see the labor market as extremely unbalanced, with demand for workers far outstripping supply. Others, however, have argued that the Fed’s view of […]

Breitbart Business Digest: Brainard Makes the Case Against Inflation to the Democratic Left

It appears increasingly likely that the Federal Reserve will raise interest rates by three-quarters of a percentage point when it meets this month. The odds implied by the fed funds futures market of a 75 basis point hike topped 80 percent at one point this morning. They’ve since slid back down to 75 percent, which […]

Breitbart Business Digest: Is The Economy Expanding or Contracting?

Do you believe that business activity in the U.S. services sector contracted or expanded in August?

Breitbart Business Digest: Dark Brandon vs. the Labor Market

The morning after President Joe Biden delivered his Dark Brandon at the Gates of Hell speech, the Labor Department delivered a jobs report that was pretty close to perfect.

Breitbart Business Digest: How to Build an Antiracist Housing Bubble

When the housing bubble of the first decade of the twenty-first century burst, there was widespread agreement that one of the culprits was mortgages that required little or no money down. Bad ideas, of course, never really die. They just fade away for a time, waiting in the shadows to emerge again, like the mysterious […]

Breitbart Business Digest: Powell Adopts an Irresponsible Monetary Policy

It appears that Jerome Powell’s speech in Jackson Hole finally convinced investors that they could not fight the Fed. The major indexes fell for the fourth consecutive day on Wednesday. The Dow Jones Industrial Average, the Nasdaq Composite, and the S&P 500 each closed out August lower than they started the month, as the selloff […]

Breitbart Business Digest: Surging Job Openings Foreclose Hopes of Labor Market Cooling

The number of open jobs in the United States rose in July, defying predictions that vacancies would fall for a fourth straight month and dashing hopes that the Federal Reserve’s monetary policy tightening had already throttled demand for labor. We already knew that U.S. employers were urgently seeking workers in July thanks to the blowout […]

Breitbart Business Digest: Only 38% of Biden Voters Say We’re in A Recession, Versus 82% of Trump Voters

A solid majority of Americans think we are in a recession, but that consensus conceals some deep divides divide on the economy. The divides do not run that deep along demographic lines. The most recent poll from the Economist and YouGov found that 58 percent of Americans say we are in a recession today. Men are slightly […]

Breitbart Business Digest: Biden Pours Student Debt Gasoline on Inflation Fire

It’s hard to imagine a worse time for the U.S. government to decide to launch a massive student loan forgiveness program than right now. Source

Breitbart Business Digest: Biden’s Incredible Shrinking Economy

Gross domestic product shrank again last quarter, confirming the widespread impression that the economy is lousy. Source

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