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CNN drooled over the news that 16 leftist “Nobel” economists came out swinging in a letter against President Donald Trump’s economic agenda, labeling it as — wait for it — an “inflation” threat. The network left out key context that blew up the supposed experts’ credibility. CNN co-anchor Kate Bolduan joined forces with Bidenomics flunky and CNN Reporter Matt Egan to make sure the 16 economists’ anti-Trump mudslinging was spread far and wide during the June 26 edition of CNN News Central. With his signature smirk, Egan bleated that the economists were warning that “Trump’s policies wouldn’t just fail to...

President Joe Biden got some bad news on the eve of the first presidential election: the government’s estimate of inflation in the first quarter of the year was revised higher. The Bureau of Economic Analysis said that the personal consumption expenditure price index rose at an annual pace of 3.4 percent in the first three months of the year, far faster than the 1.8 percent recorded at the end of last year and up from the 3.3 percent estimated in the prior report issued in May. The personal consumption expenditure (PCE) price index is used by the Fed as the...

The financial landscape is in turmoil: credit card interest rates have surged to an unprecedented 21.47%, while credit card debt has crossed the $1 trillion mark. Personal interest payments have climbed to over $500 billion, signaling a looming consumer crisis. With excess savings depleted, the consumer's financial health is more vulnerable than ever. Inflation remains deeply entrenched, posing a significant threat to the economy.

This headline article from the New York Post caught our attention because it has the familiar ring of “51 former intelligence heads” in the 2020 election. Previously, the stacking of experts to create disinformation was used to hide the truth within the Hunter Biden laptop, which was evidence of Joe Biden’s pay-to-play schemes. Now, the “experts” are stacked to claim Joe Biden’s economic policy is better than Donald Trump’s. I will ignore the article’s Freudian optic of the economist speaking at the globalist WEF event, and instead focus on the facts. We have an actual track record of President Trump’s...

For the first time in 30 years, Argentina experienced a zero-percent increase in the inflation rates of food and drinks during the third week of June, President Javier Milei confirmed on Monday morning. A study published on Sunday by Econométrica, a private Argentine consulting firm, first reported the no-inflation week. In its study, Econométrica analyzed 8,000 prices in local online supermarkets and found no change when compared to the preceding week — something that has not happened in Argentina in three decades. In addition to the lack of variation in prices in one week, the study found that the prices...

The Fed and economists are encouraged because CPI is down to 3.3% from a high of nearly 9% in 2022. Despite the Fed’s “significant progress” in lowering inflation, most citizens are outraged and confused by economists’ relatively rosy inflation observations. Most citizens believe inflation is still rampant.The Fed and economists are correct in that inflation is now tame. At the same time, citizens dissatisfied with high prices have solid grounds on which to base their disapproval.Let’s better understand how such contradictory beliefs can both be factual. Furthermore, in the process, we can help Jerome Powell understand why economic sentiment is...

Millionaire Treasury Secretary Janet Yellen appeared out of touch when asked about inflation under President Biden — insisting she goes to the grocery store “every week” and isn’t shocked by the skyrocketing prices. Yellen was quick to shoot down a question about grocery prices, which are up 20% from before the COVID-19 pandemic, during an interview with Yahoo Finance’s Jennifer Schonberger on Monday. “Have you been to the grocery store lately?” Schonberger asked Yellen in the interview. “I sure have — I go every week,” Yellen replied. “It’s sticker shock, isn’t it? Just when you look at shipping costs, those...

Despite what feels like the constantly rising costs of modern life, the prices of some essential commodities such as gas and eggs have actually remained relatively stable compared to dollar values and wages in the past. Other items, meanwhile, have actually become much cheaper over time, even when accounting for inflation. Innovations in technology, increased competition, and improvements in manufacturing and logistics are most often the reason for these surprising price drops. Here are seven everyday items that are much cheaper now than they were in decades past. Clothing In the mid-20th century, the average American family spent about 10%...

A group of 16 Nobel prize-winning economists have issued a stark warning that inflation would be worse under Donald Trump. The former president would reignite inflation and cause lasting harm to the US economy, the Nobel laureates said in a letter first obtained by Axios. 'While each of us has different views on the particulars of various economic policies, we all agree that Joe Biden's economic agenda is vastly superior to Donald Trump,' the letter read. The warning was spearheaded by American economist Joseph Stiglitz, who won the prestigious honor for economics in 2001. Inflation remains a hot topic for...

Victor Davis Hanson is the Martin and Illie Anderson Senior Fellow in Residence in Classics and Military History at the Hoover Institution, Stanford University, a professor of Classics Emeritus at California State University, Fresno, and a nationally syndicated columnist for Tribune Media Services. He is also the Wayne & Marcia Buske Distinguished Fellow in History, Hillsdale College, where he teaches each fall semester courses in military history and classical culture. Victor discusses current political and social events and ideas, and current and past cultural trends.

Sixteen Nobel Prize-winning economists signed a joint letter Tuesday warning of what they see as economic risks if former President Donald Trump were to serve a second term, including reheated inflation. “While each of us has different views on the particulars of various economic policies, we all agree that Joe Biden’s economic agenda is vastly superior to Donald Trump’s,” the economists wrote. Axios was first to report the letter. “There is rightly a worry that Donald Trump will reignite this inflation, with his fiscally irresponsible budgets,” wrote the group of politically progressive academics...

Hooters has closed dozens of locations as inflation continues choking people and businesses in President Joe Biden’s America. A Hooters spokesperson told the New York Post on Monday, “Like many restaurants under pressure from current market conditions, Hooters has made the difficult decision” to shut down some of its restaurants. Approximately 40 of its 300 restaurants across the globe have been closed. However, the company has been opening locations for American consumers and others all over the world, while also offering its frozen foods on the shelves of grocery stores.

The iconic restaurant chain Hooters has abruptly announced the closure of 40 locations nationwide, citing the rising cost of food and rent. ...... While Hooters may not be to everyone’s taste, the closures are further evidence of the economic toll caused by rampant inflation, which has soared since the Biden regime seized office in 2021. Last month, the Red Lobster restaurant chain announced that it would be filing for bankruptcy and closing nearly 120 restaurants across 27 states after sustaining continued losses. Meanwhile, a recent survey by Lending Tree found that having once been an affordable alternative for lower-income workers,...

Ok, so, yesterday we went to Dennys. My wife got a Cobb salad, no drink. I and my son both got chicken fried steak and eggs (they call it country fried because people today think chicken fried steak has chicken). I got coffee, the boy got a milkshake. Three entrees, two drinks. What do you think the total was after tax but before tip? I’ll say in the comment.

Nearly half of Americans report that the recent spike in inflation is making it harder to make ends meet... Monmouth University released a poll Wednesday showing 46% of Americans are “currently struggling to remain where they are financially.” That figure is the highest point recorded by this pollster since Joe Biden took office and far higher than during his predecessor’s term. “In polls conducted between 2022 and 2023, this number ranged between 37% and 44%,” Monmouth said in its report. “In prior polls from 2017 to 2021, this sentiment was much lower at 20% to 29%.” Prices have risen about...

Treasury Secretary Janet Yellen contends that "all the caterwauling folks are doing over the high cost of food is unwarranted. Over 40% of the population is obese. Being obese is unhealthy. If high prices cause these people to miss a few meals that is a good thing." "Trump's libertarian idea that people ought to eat what they want will be the downfall of the nation," the Secretary opined. "I implore voters to look in the mirror and see how fat they've become by indulging themselves with all the fat and sugar laden food that the obese Donald Trump wants to...

Apparently, The New York Times hasn’t come to terms with the fact that Bidenomics is anathema to Americans, because one of its editorial board members spent over a 1,000 words celebrating the so-called “intellectual force” behind all of it. Times editorial board member Farah Stockman swooned over “the best dinner party” she “attended all year” listening to the ramblings of President Joe Biden’s former Senior Director of International Economics for the National Security Council Jennifer Harris, whom she dubbed the “Queen Bee.” “I’d wanted to interview Ms. Harris for years,” wrote the star-struck Stockman. She lionized Harris as “the quiet...

NEW YORK (AP) — Consumers barely increased spending in May from April as still high inflation and high interest rates curbed spending. Retail sales rose 0.1% in May, below the pace that economists projected, according to the Commerce Department. And April sales were revised downward — a 0.2% decline, from unchanged. Sales rose 0.6% in March and 0.9% in February. That comes after sales fell 1.1% in January, dragged down in part by inclement weather. Excluding gas prices and auto sales, retail sales rose the same amount. Excluding sales from gasoline, whose prices have been falling, sales were up 0.3%....

President Joe Biden and Ukrainian leader Volodymyr Zelenskyy signed a 10-year security agreement Thursday that they hailed as a milestone in relations between their countries, but that alone was not enough to stop Zelenskyy from wondering how much longer he could count on America's support. Zelenskyy also said his country “urgently” needed additional air defense systems to protect Ukrainians and the nation's infrastructure from Russia's continued bombardment. The leaders signed the agreement on the sidelines of the annual Group of Seven summit, held this year in Italy, and Biden said the goal "is to strengthen Ukraine's defense and deterrence capabilities.”...

KEY POINTS The consumer price index held flat in May though it increased 3.3% from a year ago. Both numbers were 0.1 percentage point below market expectations. Excluding volatile food and energy prices, core CPI increased 0.2% on the month and 3.4% from a year ago, compared with respective estimates of 0.3% and 3.5%. Price increases were held in check by a 2% drop in the energy index and just a 0.1% increase in food. ***************************************************************** The consumer price index showed no increase in May as inflation slightly loosened its stubborn grip on the U.S. economy, the Labor Department reported...