by Andrew Moran | Dec 18, 2022 | Articles, Economic Affairs News, Opinion
President Joe Biden plans to add three million barrels to the Strategic Petroleum Reserve (SPR) after wiping out more than 40% of the nation’s emergency oil supplies. As a result, the country’s stocks now stand at their lowest levels since January 1984, totaling a...
by Andrew Moran | Dec 8, 2022 | Business News, Lights, Camera, Action, Opinion, Swamponomics
Despite President Joe Biden championing his record on the manufacturing sector, the industry slipped into a recession in November. According to two industry measurements, the industry that employs millions of workers could be in store for a dreadful 2023. For more...
by Andrew Moran | Dec 6, 2022 | Articles, Economic Affairs News, Opinion
Could the United States return to the days of the Obama economy? The baseline scenario for Wall Street heading into 2023 is a recession. Many signs indicate an economic downturn next year: The Federal Reserve’s M2 money-supply growth is below pre-pandemic levels, the...
by Andrew Moran | Nov 20, 2022 | Articles, Economic Affairs News, Good Reads, Opinion
For many Wall Street firms, the baseline scenario for 2023 is a US recession. However, a few months after coming out of a technical downturn – back-to-back quarters of negative gross domestic product (GDP) growth – the world’s largest economy might already be in...
by Andrew Moran | Nov 13, 2022 | Articles, Economic Affairs News, Good Reads, Opinion
From the worst week in cryptocurrency’s history to the sudden joy of a 7.7% annual inflation rate, it has been quite the wild week in the world of economics, especially when all eyes were on the 2022 midterm election. So, what happened while millions of Americans...