Housing Market
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Debt Ceiling

Government Spending Shock: US Budget Deficit Soars In Worst Start To Year On Record

It is only fitting that the twilight days of the Biden admin would exhibit more of the same fakeness that defined not only all of the past four years, but certainly the fakeness of that Kamala Harris presidential campaign which had a billion dollars a month ago and ended up in failure, broke… and millions in debt. […]

BRICS

East vs. West: A Global Dollar Dump Is Inevitable And The US Must Prepare

In October of 2024, Russia hosted the annual BRICS Summit in the city of Kazan with the intent to show unity among developing nations and general eastern interests. The Kremlin, a target of severe NATO sanctions since the start of the war in Ukraine, has been effective in solidifying economic guarantees from BRICS partners and circumventing western economic controls. […]

Housing Market
Bitcoin
Credit and Debt

In “Last Hurrah”, Credit Card Debt Explodes Higher Despite Record High APRs As Savings Rate Craters

One month ago, when multiple discount retailers (here and here) were lamenting the sudden collapse in US consumer purchasing power, we highlighted the reason this unexpected hit to US consumption: as the US personal savings rate had collapsed, the growth in consumer credit was slowing […]

Housing Market
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Electric Cars