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'Bougie broke' Americans: Spending more while falling further behind
Markets

'Bougie broke' Americans: Spending more while falling further behind

Despite inflation-adjusted incomes falling dramatically since January 2021, Americans are buying more than ever. That may sound like a contradiction, but it’s perfectly possible, at least in the short run. Americans today, especially the young, are just “bougie broke.” That’s a fancy way of saying people have given

Apr 16, 2024
by EJ Antoni
Is the Biden Administration Trying To Destroy the Dollar?
Economics

Is the Biden Administration Trying To Destroy the Dollar?

Confidence in Western financial markets has already been shaken enough by the 20% devaluation of the dollar over the last few years. But now the European Commission wants to hand Ukraine $300 billion seized from Russia. Doing so likely would sound the death knell for the dollar and eventually the

Apr 15, 2024
by EJ Antoni
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via nobsbitcoin.com

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