by Martin Armstrong
The Biden Administration reiterated that its $1.9 trillion 2021 American Rescue Plan awarded “resilience” to the US economy. The remarks come after the plan, and the administration’s overall spending, came under harsh criticism...
Stocks dropped on Friday morning after a highly anticipated inflation report showed a faster-than-expected rise in prices.The Dow Jones Industrial Average shed 755 points, or 2.3%. The S&P 500 fell 2.5%, while Nasdaq...
Economists expect inflation in May continued to burn white hot, with energy, food, rent and health-care costs all rising.According to Dow Jones, economists expect the consumer price index rose 0.7%, up from 0.3%...
Nobel Prize-winning economist Milton Friedman is often quoted as stating, “Inflation is caused by too much money chasing after too few goods.” Defined, inflation is the rate of increase in prices over a...
