Economics Archives - Page 52 of 62

Norway’s Decision To Step Up Oil Exploration Angers Climate Activists

Posted on May 24, 2023 by admin | 131 Comments

Spread the loveEarlier this month, the Norwegian energy ministry said the country would be stepping up oil and gas exploration in the Norwegian continental shelf to improve its energy security and the energy security of its friends and neighbors in…

Green Projects Hit Iron Wall

Posted on May 24, 2023 by admin | 134 Comments

Spread the loveDevelopers looking to build thousands of wind turbines off the Mid-Atlantic and New England coast are coming up against a force even more relentless than the Atlantic winds: the Iron Law of Megaprojects, offering a warning of the trouble ahead for green-energy projects. The Iron Law, coined…

Yellen Sounds Alarm on Default in New Warning to McCarthy on Debt Ceiling Deadlock – Government to Run Out of Money on June 1

Posted on May 24, 2023 by admin | 469 Comments

Spread the loveTreasury Secretary Janet Yellen has issued a renewed—and alarmist—warning to House Speaker Kevin McCarthy (R-Calif.) and other congressional leaders, reiterating her earlier position that the country could run out of money to pay its debt obligations as early…

One-Third of Americans ‘Worse Off Financially’ in 2022 Amid Inflation: Federal Reserve

Posted on May 24, 2023 by admin | 93 Comments

Spread the loveThe percentage of U.S. adults reporting they were worse off financially climbed to 35 percent in 2022, the highest level since the Federal Reserve (Fed) started tracking this data in 2014. The Federal Reserve Board published its “Economic…

The Truth Central May 23, 2023: Are More Bank Failures and a Housing Bust on the Way?

Posted on May 23, 2023 by admin | 95 Comments

Jamie Dimon warns the current Quantitative Tightening policies employed by the Federal Reserve may lead to more bank failures and closures. Is this, however, by design? Does the current leadership want to see smaller banks get swallowed up by larger…

A Housing Bust Comes for Thousands of Small-Time Investors

Posted on May 23, 2023 by admin | 108 Comments

Spread the loveThey were offered the benefits of owning apartment-building rentals without any of the work, in real-estate investments that have already left some people empty-handed. Few investors rode the pandemic-era housing boom as high as Jay Gajavelli. Fewer still have fallen as…

Jamie Dimon Warns QT Will Lead To More Bank Failures

Posted on May 23, 2023 by admin | 116 Comments

Spread the loveAt the start of May we explained that it’s not just the Fed’s rate hikes that are behind the nascent regional bank crisis(because with Fed Funds rate at 5.25% and both T-Bills and money market funds offering similar yields,…

Millions In Mexico Told To Prepare For Evacuation As Volcano Ejects Ash

Posted on May 23, 2023 by admin | 138 Comments

Spread the loveMillions of people have been warned to prepare for a possible evacuation after Mexico raised its alert level on the Popocatepetl volcano following earthquake swarms that could signal an imminent eruption. On Sunday, the National Civil Protection Coordination…

‘In a lot of the world, the clock has hit midnight’: China is calling in loans to dozens of countries from Pakistan to Kenya

Posted on May 21, 2023 by admin | 116 Comments

Spread the loveKeeping schools open, the lights on and even food on the table is being threatened by debt payments from the $1 trillion Belt and Road program. A dozen poor countries are facing economic instability and even collapse under…

Electricity Prices Plunge By 75% As Finland Opens New Nuclear Power Plant

Posted on May 21, 2023 by admin | 113 Comments

Spread the love The commencement of regular output from a much-delayed Finnish nuclear reactor in April saw electricity prices in the country decrease by more than 75 percent. The Olkiluoto 3 (OL3) nuclear plant completed the transition from testing to…

Exxon Crushes Progressive Dreams That “Net Zero” Has Any Chance By 2050: It Would Mean Collapse In “Global Standard Of Living”

Posted on May 21, 2023 by admin | 137 Comments

Spread the loveIn a world of suffocating snow-flakery, ESG hypocrisy and, well… Tranheuser Busch, a corporation telling the truth without fear of reprisals from the Open Society-funded virtue signaling cabal is rarer than an mRNA-injected, genetically engineered hen’s teeth. And…

The Truth Central May 19, 2023: Ukraine Preps Allies for Disappointment; Debt, Inflation Burying U.S. Middle Class

Posted on May 19, 2023 by admin | 82 Comments

Ukraine President Volodymyr Zelensky has made the rounds looking for more financial and military aid, going as far as pleading for help to attack inland Russian targets. Still, despite what you may read in the U.S. mainstream media, his country…

U.S. Plans to Expand Sanctions, Export Controls on Russ

Posted on May 19, 2023 by admin | 111 Comments

Spread the loveNew effort targets military and energy industries, with Western allies planning to roll out similar measures. HIROSHIMA, Japan—President Biden plans to unveil a new round of U.S. restrictions on trade with Russia on the first day of the Group of…

Europe Approves World’s First Cryptocurrency Regulations

Posted on May 19, 2023 by admin | 94 Comments

Spread the loveThe United States could soon follow the region in establishing crypto-regulations. The European Union has approved a set of rules—the first such regulation in the world—to regulate crypto assets like cryptocurrencies and tokens in a bid to curb…

Battered By Inflation, 90 Million Americans Struggle Paying Bills As Credit Card Usage Spikes

Posted on May 19, 2023 by admin | 137 Comments

Spread the loveA large swath of American consumers are facing financial hardship as they grapple with elevated living costs, record-high credit card use, and two years of negative real wage growth. This perfect storm could decimate financially fragile households in…

Cheap Chinese EVs are coming

Posted on May 19, 2023 by admin | 1 Comment

Spread the loveAfter years of preparation, Chinese car companies are poised to upend the US electric-vehicle market. Industry watchers say it’s only a matter of time before Chinese automakers bring their impressive — and importantly, inexpensive — electric cars to the US.…

Russia, Iran Pursue Joint Development Of Oil & Gas Fields

Posted on May 19, 2023 by admin | 115 Comments

Spread the loveIran and Russia are considering the joint development of as many as 10 oil and gas fields in Iran, media have reported following a meeting between Iranian officials and a Russian delegation led by Deputy Prime Minister Alexander Novak. The proposal…

The Truth Central May 18, 2023: US Power Grid at Elevated Risk; Credit Card Debt Close to $1 Trillion as Inflation Ravages the Middle Class

Posted on May 18, 2023 by admin | 107 Comments

We are being warned the US power grid faces an elevated risk due to the Biden Administration's Climate Change-based energy policies. That is according to a report issued by the North American Electric Reliability Corporation. In addition, we are facing…

U.S. Credit Card Debt Nears $1 Trillion as Inflation Ravages the Middle Class

Posted on May 18, 2023 by admin | 124 Comments

Spread the loveThe first-quarter dip never happened. Some observers say that’s a problem. Credit-card balances hit $986 billion in the fourth quarter, but remain largely unchanged in the first quarter of the year, the Federal Reserve Bank of New York…

What Happens If Congress Does Not Raise the Debt Ceiling

Posted on May 18, 2023 by admin | 113 Comments

Spread the loveThe debt limit—commonly called the debt ceiling—is the maximum amount of debt that the Department of the Treasury can issue to the public or to other federal agencies. The amount is set by law and has been increased…