Tag: Inflation

Fed’s Powell Calls U.S. Economy “Robust” as Personal Savings Rate Collapses to Same Level as in Financial Crisis of 2008

Tina Marie (Ms. Cat)

By Pam Martens and Russ Martens: October 27, 2022

At Fed Chair Jerome Powell’s press conference on September 21, he made a remark that went unchallenged by the bevy of reporters in attendance. Powell said this:

Fed’s Powell Calls U.S. Economy “Robust” as Personal Savings Rate Collapses to Same Level as in Financial Crisis of 2008

There Is No Such Thing As Wage-Driven Inflation

Tina Marie (Ms. Cat)1 Comment

Few know the name of Walter Heller, one of the first Chairs of the Council of Economic Advisers, and an adviser to President Kennedy. In 1968, however, he was a giant in economics who published in all the top journals. Fresh from his years in the Kennedy White House, he was invited to debate the relative importance of fiscal and monetary policy with another giant in economics, Milton Friedman, in a small book published by W.W. Norton & Company. Rarely do such debates interest more than a few thousand individuals. This is an exception, as a decade later PBS invited Heller and Friedman to debate their views on inflation.

There Is No Such Thing As Wage-Driven Inflation

Related:

Debunking: “If You Raise The Minimum Wage, It Will Cause Inflation”

The significance of the Democratic Socialists of America’s call for US war against Russia until “Ukrainian victory”

Tina Marie (Ms. Cat)

The decision by the entire Congressional slate of Democratic Socialists of America (DSA) members and DSA-backed representatives to rescind a letter to Joe Biden calling for peace talks with Russia increases the likelihood of direct conflict between the US and Russia and raises the risk of nuclear war.

The significance of the Democratic Socialists of America’s call for US war against Russia until “Ukrainian victory”

NATO in the Amazon: Petro Plays with Fire

Tina Marie (Ms. Cat)

By Roger D. Harris on October 26, 2022

NATO recently expanded to Sweden and Finland, has been de facto incorporated in Ukraine, and may extend to Georgia. Now, NATO’s entry into the Amazon is in the works under the aegis of newly elected President Gustavo Petro of Colombia.

NATO in the Amazon: Petro Plays with Fire

Related:

The US warns Petro of the danger of falling into the hands of China:

The Government of Colombia replies to Washington that if it wants to prevail over Beijing, it must finance the purchase of land from ranchers to distribute among the peasants

Quid pro quo?!

US Set to Delay Russian Oil Price Cap Announcement Until After Midterms, Reports Suggest

Tina Marie (Ms. Cat)

The Biden administration intends to delay setting a price cap on Russian oil until after the November 8 midterms amid concerns that the fallout could weigh on Democrats’ standing in the upcoming vote, American media reported on Friday, citing sources.

Contingency planning, negotiations on price both within the administration and with allies, as well as the OPEC+ production cut have also contributed to the delay, the report said.

US Set to Delay Russian Oil Price Cap Announcement Until After Midterms, Reports Suggest

BASF seeks ‘permanent’ cost cuts at European operations

Tina Marie (Ms. Cat)

FRANKFURT – BASF said costs at its European sites must be cut to a “permanently” smaller size because of a triple burden of sluggish growth, high energy costs and over-regulation, with the German industrial giant’s boss throwing his weight behind a planned expansion in China.

BASF seeks ‘permanent’ cost cuts at European operations

Brandon’s handlers are going to be disappointed! Businesses are supposed to move to the US! Time to twist Olaf’s arm (again)! Maybe tell him that Germany needs to decouple from China, as well?! /s