US employers have reduced their workforce more in the first seven months of 2025 than in all of 2024. The DOGE cuts to the public sector were the primary driver of layoffs; however, there has been a notable drop in retail and technology positions in the private sector. July alone saw 62,000 jobs reduced from […]
It was nice while it lasted. Nations all over the globe had until August 1st to agree to a trade deal with the Trump administration. Some of them made deals, but most of them did not. Those that did not will now be hit by a “wall of tariffs”, with individual rates being determined at […]
Oops, they did it again. Even though the housing market has been in a depressed state for an extended period of time and even though economic conditions are slowing down all over the country, the Federal Reserve has once again refused to lower interest rates. What in the world are they thinking? I certainly share President […]
The fact that Trump is threatening sanctions against India for buying Russian oil and to hammer Russia to somehow force Putin to his knees and accept whatever terms Europe demands, proves that Trump is now taking advice from Lindsey Grachm, NATO, their puppet EU leaders, and the Neocons with the likes of Cheney in the […]
Bosses like to tout shrinking head counts as AI accomplishments. If you are reducing headcount, and can attribute it to AI, then brag about it. The Wall Street Journal reports CEOs Trumpet Smaller Workforces as a Sign of Corporate Health Big companies are getting smaller—and their CEOs want everyone to know it. The careful, coded corporate […]
France was on the brink of its Fifth bankruptcy in 1720. France defaulted in 1558 under Henry II, following the costly Habsburg-Valois Wars (also known as the Italian Wars), the outright repudiation of debt, and currency devaluation. Then in 1648, a Debt Crisis occurred under Louis XIV (Early Reign) with the Thirty Years’ War (1618–1648) and the Franco-Spanish War (1635–1659). Louis XIV […]
Over 8,000 bank branches are expected to close worldwide in 2025. Approximately 3,200 of those closures will take place in the United States. Q1 experienced 148 net branch closures in the US, with all major banks slated to close branches throughout the year. These are merely bank closures and not bank failures, although two smaller US banks […]
If you ask 1,000 different Americans about the state of the U.S. economy, you will get 1,000 different opinions. But what is the truth? In this article, I am going to share information with you that is indisputable. I like to examine things from an analytical point of view, and so I always want to […]
President Donald Trump and Treasury Secretary Scott Bessent want lower interest rates so they can lower the financing costs of America’s massive debt. The net interest on the debt for fiscal year 2025 is on track to hit $1 trillion. Federal Reserve Chair Jerome Powell has resisted daily lambasting from Trump to cut rates. Powell […]
The UK closed a tax loophole. Guess what. NYC can expect the same. Extreme Wealthy Flee the UK The Wall Street Journal reports The U.K. Closed a Tax Loophole for the Global Rich. Now They’re Fleeing. The U.K. is trying to tax the superrich. It’s off to a bumpy start. “I’m on my way out,” said […]