The first-ever US Department of Defense National Defense Industrial Strategy (NDIS) confirms what many analysts have concluded in regard to the unsustainable nature of Washington’s global-spanning foreign policy objectives and its defense industrial base’s (DIB) inability to achieve them.
Fatal Flaws Undermine America’s Defense Industrial Base
Tag: labor economics
U.S. can ‘certainly’ afford military support to both Israel and Ukraine, meanwhile…
U.S. can ‘certainly’ afford military support to both Israel and Ukraine, Janet Yellen says
“America can certainly afford to stand with Israel and to support Israel’s military needs and we also can and must support Ukraine in its struggle against Russia,” Yellen said, adding that the U.S. economy is doing “extremely well.”
“Inflation has been high and it’s been a concern to households, it’s come down considerably. At the same time, we have about the strongest labor market we’ve seen in 50 years with 3.8% unemployment. And at the same time, America, the Biden administration, has passed legislation that is strengthening our economy in years to come for the medium term.”
Related:
Ticking Time-Bomb: Food Inflation Is Crushing Millions Of Low Income Americans (archived)
And so the debate circles round and round. The US, the “most wealthy nation on the planet”, has a food security problem and is on the verge of an inflationary calamity for millions of low income citizens, all while it spends hundreds of billions of dollars on pointless climate change programs, diversity and inclusion initiatives and proxy wars. Something has to give, and the chances are growing that it will be the American consumer.
Oil, the dollar, and the Fed still pose a triple threat to the US economy, Bank of America says
The US economy isn’t in the clear just yet because of the triple threat posed by rising oil prices, the dollar, and the Federal Reserve, according to Bank of America.
Oil, the dollar, and the Fed still pose a triple threat to the US economy, Bank of America says
The Federal Reserve is poised to punish workers even as paychecks have been shrinking
The big jump in hourly pay in November isn’t inflationary. Working families’ real earnings are no higher than they were before the pandemic.
The Federal Reserve is poised to punish workers even as paychecks have been shrinking
Ms. Cat’s Chronicles 