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In a recent interview with Bloomberg, the executive vice president of UPS asserted that “regionalization” of the supply chain is critical to economic stability in a world where geopolitical conflicts continue expanding. The word “regionalization” is basically another way to describe decentralization, a concept which the UPS representative obviously did not want to dive into. Almost every trade expert and industry insider admits that supply chain problems are going to persist into the foreseeable future, and some are starting to also admit (in a roundabout way) that localized production and trade models are the key to economic survival. Think globally,...

Alignable's July Rent Report is being released right now, based on a poll that concluded this morning, conducted among 3,553 small business owners . It shows that rent struggles are severe for several small business sectors, including transportation (trucking companies & car services), restaurants , retail shops, and beauty salons. What's the cause according to SMBs? Rent hikes, labor costs/the ongoing labor shortage, the high price of gas, and reduced consumer spending are all combining to create economic instability.

The pain in the mortgage market is only getting worse as higher interest rates and inflation hammer American consumers. Mortgage demand fell more than 6% last week compared with the previous week, hitting the lowest level since 2000, according to the Mortgage Bankers Association’s seasonally adjusted index. Applications for a mortgage to purchase a home dropped 7% for the week and were 19% lower than the same week in 2021. Buyers have been contending with high prices all year, but with rates almost double what they were in January, they’ve lost considerable purchasing power.

On Friday’s “CNN Newsroom,” White House Senior Adviser and Infrastructure Implementation Coordinator Mitch Landrieu responded to concerns about the economy from people like Larry Summers, Jamie Dimon, and Elon Musk by stating that “We don’t need expectations.” Because current numbers are good. He added that while inflation is a challenge, “the president’s economic policies have put us in a very strong position to move through this very difficult time.”

On Tuesday’s broadcast of “CNN Newsroom,” White House Council of Economic Advisers chair Cecilia Rouse stated that the White House incorrectly predicted inflation wouldn’t be a long-term issue because “what we understood about inflation at the time was it was tied to the pandemic. We are still in the midst of this pandemic.” And because Russia’s invasion of Ukraine has caused economic problems. After playing clips of President Joe Biden in 2021 predicting inflation would be temporary and Federal Reserve Chair Jerome Powell predicting that inflation wouldn’t rise to major levels, co-host Victor Blackwell asked, “Those expectations, clearly wrong. Does...

If you thought that the economic news was crazy during the first half of 2022, just wait until we get to the second half. So many of the problems that we are experiencing now are going to continue to intensify, and Americans are becoming more pessimistic about economic conditions with each passing day. In fact, as you will see below, a whopping 85 percent of us believe that it is “very likely” or “somewhat likely” that the economy will go through a recession at some point during the next year. Of course the truth is that if all we have...

How Dare YouMarkets whipsawed yesterday after bad US initial jobless claims and Philly Fed data, with stocks down and bond yields also lower, as was the US dollar. Commodities were a mixed picture, however, and oil prices rose around 5% again from its intra-day low to close over $111. Referring again to a bond yields/commodities matrix, that suggested the Fed falling behind the curve, not getting ahead of it, in crushing demand to fit restrained supply. Lo and behold, we then got the headline, ‘Fed’s George Says ‘Rough’ Market Won’t Alter Fed Tightening Plan’. So, how far down can bond...

On Tuesday’s broadcast of CNN’s “New Day,” White House Council of Economic Advisers Chair Cecilia Rouse stated that inflation “has been the consequence of mounting an effective response to the pandemic.” Co-host Brianna Keilar asked, “I wonder, looking back, were Larry Summers and Joe Manchin right about spending and inflation?”

HAH ALAM - An economic expert has warned some countries may face hyperinflation or out-of-control inflation where price of goods and services rise at an annual rate of 1,000 percent or more and urged for more discussions and negotaions are needed over the issue. Universiti Malaya Asia-Europe Institute Economic Professor Datuk Prof Dr Rajah Rasiah said this could lead to economic depression unless world leaders address the issues. “What we are facing now, in some countries, is that inflation is already here. “The stagnation would lead to rising unemployment and hyperinflation,” he said during Wacana English Edition on May 9....

On Thursday’s broadcast of CNN’s “New Day,” White House Council of Economic Advisers member Jared Bernstein argued that inflation numbers in Europe, which are “not quite as high as ours,” undercut the argument that “somehow U.S. spending was responsible” for inflation. Co-host Brianna Keilar asked, “We’re looking at some of the numbers here of the increase in costs for certain items, items that people cannot avoid purchasing. Was Joe Manchin right about the impact of spending under this administration on inflation?”

Axios reporter Hans Nichols said Sunday on CNN's "Inside Politics" that President Biden's economic accomplishments were "largely irrelevant" with inflation at a 40-year-high and increased gas prices occurring nationwide. Nichols, Politico White House correspondent Laura Barrón-López and CNN White House correspondent Kaitlin Collins joined host Abby Philips to discuss Biden's economy. The president touted his accomplishments during a speech, Friday, about the most recent jobs report, which saw that the economy created 431,000 jobs in March. Philips also noted an NBC poll that found enthusiasm for Republicans heading into the midterms was at 67%, compared to 50% for Democrats.

With economic sanctions unfolding against Russia over its invasion of Ukraine, it’s useful to recall one of the climactic moments near the end of the Cold War — the dramatic weekend summit between President Ronald Reagan and Soviet Premier Mikhail Gorbachev. This October 1986 meeting, held in Reykjavík, is remembered for nearly producing a deal to eliminate strategic nuclear weapons, but it collapsed at the last moment when Reagan refused to bargain away his missile defense initiative. But another aspect of the affair reveals a key defect in the Biden administration’s handling of the current crisis.

The threat of further sanctions on Russia has caused global crude oil prices to surge. U.S. business cycle history suggests that a sharp spike in oil prices may portend a recession. That the Federal Reserve missed the window of opportunity last year to painlessly remove monetary accommodation and initiate monetary tightening has made the current situation particularly dicey. With inflation rates already at 40-year highs, and yet to peak, a stagflationary outcome is hard to rule out.

There are some people out there that thought that global financial markets would be largely unaffected by the war in Ukraine. Those people were wrong. This week, investors have received a very rude wake up call. Stock prices are plunging, commodity prices are going completely nuts, and a very thick cloud of fear has descended upon Wall Street. The fact that this war has permanently changed economic and financial conditions is starting to sink in, and it is likely that the level of panic will continue to rise in the days ahead. At this point, even average people on the...

To cap off another year of pushing falshoods and half-truths, left-wing Hollywood actress-singer Barbra Streisand insisted that Joe Biden’s economic record is the “best in 40 years.” Streisand jumped to her Twitter account to lay this gem on her fans: “Joe Biden’s economic record in his first year is the best in 40 years. The media largely ignores this.”

President Joe Biden declared on Wednesday that despite record inflation and a record trade deficit, he has the “strongest first-year economic track record of any president in the last 50 years.” “We’re ending 2021 with what one analyst described as the strongest first-year economic track record of any president in the last 50 years,” the president tweeted, adding, “Let’s keep the progress going”:

What’s at the root of the supply chain breakdown? That’s a critical question but the answer is almost irrelevant. The supply chain is a complex dynamic system of immense scale. It is of a complexity comparable to the climate as a system. This means that exact cause and effect cannot be computed because the processing power needed exceeds the combined processing power of every computer in the world. Most people have some notion of how supply chains work, but few understand how extensive, complex and vulnerable they are. If you go to the store to buy a loaf of bread,...

The White House is sending out its operatives to push the establishment media into presenting the Biden administration’s frightful economic news more positively, CNN’s Brian Stelter and Oliver Darcy reported Monday. Joe Biden, the presidential candidate who benefitted from the establishment media and Twitter censoring negative news about, is now reportedly asking top lieutenants at CNN to “reshape” economic news to be more favorable.

A guest on ABC’s "Good Morning America" posed concerns over how the omicron variant of the coronavirus could affect President Biden’s economic record. ABC congressional correspondent Rachel Scott filled in as the anchor for the morning show on Sunday when she spoke with deputy political director Averi Harper on the emergence of this new variant. Namely, Scott asked what kind of challenge the omicron variant posed to Biden.

BUDGET PISTOLS BUILT LIKE TANKS: MEET THE CANIK TP9 SERIESYouTube video reviewIt can be hard to stand out in the crowd of modern “Wonder Nine” pistols. The market is saturated with polymer-framed 9mm handguns. But while all the major gun manufacturers were throwing elbows to claw out some space for their own big-name brands, Canik swept onto the scene with a surprisingly affordable – and shootable – line of pistols.In 2012, the Turkish company partnered with Century Arms to get their TP-series guns into the American market. The original TP9 borrowed generously from the Walther P99, but that has ballooned...