Wolf Richter at Wolf Street. Consumer credit – auto loans, student loans, and revolving credit such as credit card balances and personal loans, but not housing-related debt such as mortgages and HELOCs – grew 5.4%, or by $208 billion, in the second quarter compared to...
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Last Rights: The Death of American Liberty
Americans today have “freedom” to be fleeced, groped, injected, harassed, surveilled, vilified, disarmed, beaten, detained, and maybe shot by federal agents. From hapless homeowners hit by SWAT raids to pandemic lockdowns pointlessly paralyzing lives, government...
The Fake China Threat and Its Very Real Danger
Today the front pages and bookstores are filled with tales of the so-called "China Threat." From spy balloons to Fentanyl pipelines, genocide to dreams of world domination: CHINA! But is it all true? Is any of it? Now, for the first time, the speciousness of these and...