UK economy closes in on recession
Britain’s economy shrank in the second quarter, official data showed Friday, as the country heads towards recession under a new prime minister. UK gross domestic...
What’s missing from the bond markets
Bloomberg/John Authers/8-9-2022 “Again, extreme-low term premiums, for reasons that don’t seem to be tied to the economy, tend to imply that this could be a...
$4,104,725,000,000: Federal Tax Collections Set Record Through July
(Photo by Chip Somodevilla/Getty Images) (CNSNews.com) – The federal government collected a record $4,104,725,000,000 in total taxes in the first ten months of fiscal 2022...
IRS seeks armed accountants ready for ‘deadly force’
Even before Congress and President Joe Biden give the final OK for the IRS to hire 87,000 more agents in an $80 billion package, the...
Push for Global Taxation… and What Comes Next
International Man: Last year, the Organisation for Economic Co-operation and Development (OECD) and more than 130 countries agreed to set a minimum global corporate tax rate...
Whole Foods’ John Mackey on socialism
“My concern is that I feel like socialists are taking over,” Whole Foods CEO John Mackey tells me on today’s show. “They’re marching through the...
Rising Food Prices Could Become a Business Risk, Analysts Say
Rising global food prices and shortages of grain and fertilizer stemming from the war in Ukraine could create further economic turmoil, risk analysts said. In...
oftwominds-Charles Hugh Smith: A Most Peculiar Recession
So what are conventional pundits missing today? I would start with three dynamics. Only old people experienced real recessions–those in 1973-74 and 1980-82. Recessions since...
One Bank Warns U.S. Econ Data Make Little Sense, “Until You Recall Midterm Elections Are Coming Up”
By Michael Every of Rabobank A stonking US CPI number You could hear the champagne corks fly wherever you were yesterday. After all, there was...
Inflation has caused more than a third of adults to tap their savings
More than a third of U.S. adults are dipping into their savings accounts to help them afford higher prices, new research shows. In the face...