economy

Do traditional indicators of economic prosperity mean average Americans are doing well? Not necessarily.    In 1929, we had the Great Depression. In 2001, we had the DotCom bubble. [...]

Recently a Bloomberg Opinion writer Jessica Karl wrote that back in the summer of 1971, Richard Nixon shocked the world — not by eating cottage cheese with ketchup, but by chopping the dollar’s [...]

The U.S. dollar is the most powerful currency that exists today. Yet financial analysts have been warning of the dollar’s impending doom since its rise to prominence in 1971. One of the more [...]

The U.S. Bureau of Labor Statistics released its latest report on the Consumer Price Index, the most widely used of the monthly inflation gauges, today. The data revealed that the all items index [...]

The WSJ just reported that U.S. consumer inflation reached 9.1% year-over-year in June, the highest such rate since December 1981, after an unprecedented surge in gas prices according to data [...]

Business owners and investors are paying more, but CBO officials can’t fully explain why tax revenues are hitting high as a share of the economy. The Wall Street Journal recently reported that an [...]

Fears are mounting that a recession is nearly upon us, with a growing number of banks and investors joining the chorus or warnings that an economic contraction within the next few years is [...]

Inflation rose again in March, but Tesla CEO Elon Musk said he thinks inflation could be worse than reported and that it will likely not dissipate any time soon.  Elon Musk believes the US [...]

As we are approaching almost 2 years of living through “unprecedented” times, economists are looking ahead to 2022 with a sense of caution: The uncertain severity of the omicron variant of the [...]

It was a summer of unpleasant surprises for the world economy. The United States, Europe and China are growing at a slower pace than investors expected. The prices consumers pay are increasing at [...]