50,000 retail stores would close out of the current base of 940,000 stores in the U.S. by 2027.
US Sees Massive Retail Closures Amid Negative Economic Trends
US Economy is Doing Great! /s
Tag: Consumers
How much did Trump-era tariffs on China cost Americans? New US findings confirm ‘self-inflicted harm’
Import tariffs placed on more than US$300 billion worth of Chinese goods during the Trump administration increased US prices, according to a report from a bipartisan US trade commission, confirming a widely held view among analysts of trade and tariffs that they caused “self-inflicted harm”.
How much did Trump-era tariffs on China cost Americans? New US findings confirm ‘self-inflicted harm’
Taxpayers ARE on hook for bank bailout – and could even fund bankers’ bonuses
As regulators rush through emergency measures to prevent further chaos following the disastrous collapse of Silicon Valley Bank, there’s a point they’re very keen to emphasize: this is not a bailout.
Taxpayers ARE on hook for bank bailout – and could even fund bankers’ bonuses
Related:
Joe Biden stuck around just long enough to lie about who’s on the hook for SVB bailout
“It’s Not Over”: While Biden Touts Rail Deal, Workers Have Yet to Vote—And Many Remain Skeptical
A national rail strike could still be on the table if rank-and-file workers reject the tentative agreement announced by the White House this week.
“It’s Not Over”: While Biden Touts Rail Deal, Workers Have Yet to Vote—And Many Remain Skeptical
Related:
Democratic House Speaker Pelosi to rail workers: Accept a pro-company deal or we’ll force you to
Biden just signed a law to lower shipping costs. Will it work?
The Ocean Shipping Reform Act allows for more enforcement of rising fees. But shippers say the law isn’t a “silver bullet.”
President Joe Biden signed the Ocean Shipping Reform Act of 2022 into law on Thursday, promising sweeping changes to the ocean shipping industry after more than two years of port congestion, delays and rising costs.
Biden just signed a law to lower shipping costs. Will it work?
Short-staffed and underfunded.
After Crypto Money Piled into Campaign Coffers of Senators Lummis and Gillibrand, They Introduced a Sweetheart Legislative Bill for Crypto
By Pam Martens and Russ Martens: June 20 , 2022 ~
On June 7, Senator Kirsten Gillibrand, a Democrat from New York who sits on the Senate Agriculture Committee which oversees commodities, and Senator Cynthia Lummis, a Republican from Wyoming who sits on the Senate Banking Committee which oversees Wall Street and trading, introduced a bill as an early Christmas present to the crypto industry. It carries the Alice in Wonderland title of the Responsible Financial Innovation Act.
After Crypto Money Piled into Campaign Coffers of Senators Lummis and Gillibrand, They Introduced a Sweetheart Legislative Bill for Crypto
Inflation Storm Devastates US Households As Fuel, Power And Food “Become Unaffordable”
Debunking two myths – “China stole American jobs” and “America built China.”
Debunking two myths – “China stole American jobs” and “America built China.”
Another populist trope is that “We (America) built China!!!” It sounds great and nobody is going to argue if you’re talking to an American audience.
Unrelated:
How Negative Interest Rates Sap Consumer Spending by an Ever Larger Part of Consumers
How Negative Interest Rates Sap Consumer Spending by an Ever Larger Part of Consumers
Over-65s, a large and growing demographic in Europe, are cutting their spending at worst possible time as NIRP eats into savings, pensions, investments, and annuities.
“It Would Be A Huge Shock To The Market” – What Happens If The Dec 15 Tariffs Kick In
“We could face a wild day”
— Read on www.zerohedge.com/markets/it-would-be-huge-shock-market-what-happens-if-dec-15-tariffs-kick
Ms. Cat’s Chronicles 
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