Fed’s Economic Well-being US Household 2022: “fewer adults reported having money left over after paying their expenses. 54% of adults said that their budgets had been affected “a lot” by price increases.” “51% of adults reported that they reduced their savings in response to higher prices.”

by Dismal-Jellyfish ​ https://www.federalreserve.gov/publications/files/2022-report-economic-well-being-us-households-202305.pdf The Federal Reserve Board on Monday issued its Economic Well-Being of U.S. Households in 2022 report, which examines the financial lives of U.S. adults and their families. The report draws from the Board’s tenth annual Survey of Household …

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Recession Doesn’t Exist When the Adults Are Back in Charge

by Chris Black Technical recession means 2 consecutive quarters of negative GDP growth. That’s the accepted definition for investors. Not in clown world it isn’t. https://twitter.com/Breaking911/status/1552028983667081216 We’re not in a recession; we’re in a period of economic growth that’s characterized …

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The Are No Adults in the Room

by Chris Black The Polish government is a bad actor, the worst of all the NATO countries, in this conflict. They are behaving worse than the US and Ukraine. The EU is deferring their sanctions (for now) as a doggy …

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