US President Dwight D. Eisenhower was absolutely terrified of inflation.

And that’s really saying something for a guy who had commanded Allied forces against the Nazis, faced down the Soviet Union during the Cold War, and overseen the dawn of the Atomic Age.

Sure, those threats might seem more serious than a 5% increase in the price of milk. But Eisenhower felt strongly that inflation was a matter of national security. Continue reading →

Why can’t we just be objective about the economic numbers? When Joe Biden was in the White House, many Republicans (including Donald Trump) used the word “fake” to describe the economic numbers that the federal government was putting out, and as I documented extensively throughout the Biden administration, the rosy economic numbers that we were getting from the federal government certainly diverged greatly from reality.

But now that Biden is out of the White House, we are suddenly supposed to believe that the federal economic numbers that are being calculated by the exact same people as before are somehow legit? Come on. If the government was giving us “fake” economic numbers six months ago, they are still giving us “fake” economic numbers today. As I will discuss below, the same absurd “adjustments” that were being made during the Biden administration are still being made now. Continue reading →

Jamie Dimon: Mob Boss

In a striking revelation during a recent conference, Jamie Dimon, the chief executive officer of JPMorgan Chase & Co., cautioned that the U.S. economy might be teetering on the edge of a downturn.

Highlighting the diminishing effects of pandemic-era government spending and monetary policy, Dimon warned that the nation’s economic stability could soon be compromised.

During a Morgan Stanley conference held on Tuesday, May 15, in Paris, Dimon stated, “I think there’s a chance real numbers will deteriorate soon.” Continue reading →

The dam is breaking!

In a terrifying admission that signals a seismic change in corporate America, the CEO of one of the biggest carmakers in the US has broken cover to admit the devastating effects AI will have on the workforce. Continue reading →

It looks like a real sale from a big brand, until your credit card details are stolen.

An alarming wave of online scams is sweeping the US, targeting shoppers with fake websites designed to mimic major retailers.

These sites are crafted to steal your payment information without delivering a product, often luring shoppers in through social media links, fake ads, or even top Google search results. Continue reading →

It was September 29, 2021 – nearly four years ago – that then House Speaker Nancy Pelosi held a press conference about their $3.5 trillion “Build Back Better” spending bonanza.

Despite the outrageously high price tag, Pelosi told reporters at the presser, “the dollar amount [of the Build Back Better bill], as the President said, is zero.”

She then made a little circle with her right thumb and index finger to emphasize her point, pivoting to all the cameras from left to right as if to insist that there was no cost to her $3.5 trillion legislation. Continue reading →

While everyone has been preoccupied with the war in the Middle East and the anti-ICE protests going on around the nation, economic conditions in the U.S. have continued to deteriorate. The housing market is in abysmal shape, consumer spending is down and layoffs are way up.

Meanwhile, fear of our seemingly endless cost of living crisis is preventing the Federal Reserve from cutting interest rates, and we shouldn’t expect any additional “economic stimulus” from our politicians in Washington any time soon because the federal government is already facing an unprecedented debt crisis. In other words, our economy is a giant mess and the cavalry isn’t going to come riding along to save us. Continue reading →

American Consumer Giant Announces Mass Layoffs as Shoppers Tighten Their Belts
Procter & Gamble has announced it will slash 7,000 jobs as consumers pull back amid economic uncertainty.

The maker of Gillette shaving products and Tide laundry pods revealed the 15 percent cut to its workforce on Thursday.

The job losses will occur over the next two years and hit non-manufacturing positions. It is not yet clear which of its brands will be affected

Weakened economic prospects will be felt around the world, with almost no exception… (Continue to full article)

The ‘8-Year Rule of Social Security’ — A Retirement Rule
Sometimes, waiting feels like the wrong move. Until it proves to be your best one. For instance, on June 5, 1944, Allied troops were prepared to launch the largest military invasion in history. But when poor weather rolled in, General Dwight D. Eisenhower made the high-stakes decision to delay D-Day by 24 hours, despite enormous pressure to proceed.

That pause changed the course of history.

Sure, the fate of the world doesn’t rest on your decision to file for Social Security. But the quality of your retirement might. And, like Eisenhower’s call, it often comes down to timing… (Continue to full article)

Here’s How Likely a Recession Is for the Second Half of 2025
We’ve officially made it through the first half of the year without a recession, but will that hold true for the rest of the year?

Many Americans are not optimistic that we will make it through 2025 unscathed — a recent survey of 2,000 Americans conducted by Talker Research and Affirm found that 58% believe a recession is inevitable.

I still think a recession is unlikely, but the trade policy situation increases the risk. The economy has a lot of momentum and solid underpinnings — a tight labor market, wage growth in excess of inflation, interest rates that remain lower than relatively recent highs, good if not great productivity growth, and the AI boom is picking up steam.

That doesn’t make the economy immune to a recession, but it helps to insulate it well… (Continue to full article)

‘Economy is RIGGED’
Robert Reich explains how ‘Trump fooled the majority of Americans‘

“This is the one thing that I agree with Donald Trump about: The economy is rigged — but it’s rigged against working-class people,” Reich told Goodman. “And I think Mamdani understood that. He understood that people have got to want a change, but also, they want affordability.

They want an economy that is working for them. And they want new faces. They want younger people. They want a new generation of Democratic leaders… (Continue to full article)

How Privatizing Social Security Could Impact Retirees
Social Security is the bedrock of the American retirement system. Although it was never intended to fully cover the expenses of retirees, many Americans unfortunately find themselves in this situation.

But with an average monthly retirement payout of just $1,980.86 as of February 2025, according to the Social Security Administration, the idea of privatizing Social Security has reared its head once again… (Continue to full article)

The US Is Staring Down a Fate Worse Than Recession, and 4 Other Bold Forecasts From a Top Economist
The US has flirted with the dreaded S-word for much of this year, and it’s not out of the woods yet.

That’s according to Torsten Sløk, the chief economist at Apollo Global Management, who thinks the US is at a critical inflection point for stagflation, a dire scenario in which economic growth slows while inflation remains high.

That problem is often regarded as even harder for policymakers to solve than a typical recession, as higher inflation can prevent the Federal Reserve from cutting interest rates to boost the economy.

The scenario has largely been triggered by President Donald Trump’s tariffs… (Continue to full article)

Major Changes Ahead: USPS Updates Service Standards and Prices on July 1st

The U.S. Postal Service (USPS) is implementing a series of significant changes starting July 1st, impacting both mail delivery times and postage rates. These adjustments are part of the Postal Service’s broader “Delivering for America” 10-year plan, aimed at modernizing the network and achieving long-term financial sustainability.

One of the most notable changes involves service standards for various mail classes. While First-Class Mail will largely maintain its current 1-5 day delivery window, some mail will see faster standards, while a smaller portion might experience slightly slower delivery.

The Postal Service is transitioning from 3-digit to 5-digit ZIP code pairings for service standards, promising greater precision in delivery expectations and expanding “turnaround” service for faster regional mail processing… (Continue to full article)