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News Roundup 8/23/2022

News Roundup 8/23/2022

US News Anthony Fauci will retire in December. Reuters Russia Russian Deputy Foreign Minister Sergey Ryabkov says Moscow would only use nuclear weapons in defense. Daily Beast Ukraine’s military chief Gen. Valerii Zaluzhnyi says nearly 9,000 Ukrainian soldiers have...

How Much Worse Can the Economy Get?

How Much Worse Can the Economy Get?

The most important question for asset prices right now, from stocks to houses to Bitcoin, is whether we’re due for a recession. Last week we got confirmation that according to the traditional definition of a recession—two quarters of negative growth—we are already in...

News Roundup 8/23/2022

News Roundup 8/16/2022

US News Journalists Charles Glass and John Goetz and attorneys Margaret Kunstler and Deborah Hrbek sued the CIA headed by former Director Mike Pompeo. The plaintiffs had meetings with Julian Assange in the Ecuadorian embassy in London and were spied on. Reuters Russia...

Inflation Hits 40-Year High at 9.1%

Inflation Hits 40-Year High at 9.1%

The U.S. Bureau of Labor statistics released new Consumer Price Index inflation estimates this morning, and the official numbers for June 2022 show that price inflation has risen to 9.1 percent year over year. That's the biggest number since November 1981, when the...

How to Beat Inflation? End the Fed

How to Beat Inflation? End the Fed

President Joe Biden has unveiled a three-part plan to fight inflation—or at least make people think he is fighting inflation. One part of the plan involves having government agencies “fix” the supply chain problems that have led to shortages of numerous products. Of...

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