Bloomberg News recently solicited advice from Argentinians who lived through that country’s high inflation on how Americans should cope with rising inflation.
Two-thirds of U.S. adults don’t expect their personal finances to improve in 2022, with more than half of this group blaming inflation for the pessimistic view of their future money situation, according to Bankrate’s December Financial Security Index.
Florida Gov. Ron DeSantis (R) on Wednesday announced what his office branded a “first of its kind in the nation” legislation to combat both woke corporations and Marxist ideologies such as Critical Race Theory (CRT) in schools and places of employment across the Sunshine State.
United States consumer confidence has plummeted to a decade-low in November. The University of Michigan’s consumer sentiment index fell to 66.8 in November, down sharply from the October figure of 71.7 and well below consensus forecasts of 72.4.
Central banks have not merely inflated the bejesus out of assets prices. They have also caused the very foundations of financial markets to metastasize, yielding an endless array of new products that have no real economic function except to facilitate new forms of pure wagering.
The famous philosopher and mathematician Blaise Pascal once declared that “the only shame is to have none.” The problem with shame is it assumes a sense of guilt over one’s actions.
