September's inflation numbers were tied for the record since 2008, and were above consensus expectations yet again. With inflation being so severe and persistent, the messaging about inflation is about to change. First, it was…
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Southwest Abandons Plan to Put Unvaccinated Workers on…
Southwest Airlines has scrapped a plan to put unvaccinated employees who have applied for but haven’t received a religious or medical exemption on unpaid leave starting by a federal deadline in December. Southwest Airlines and American Airlines are…
Heresy Financial: Foreclosures Surging – Housing Market Doomed
The housing market is currently experiencing a spike in foreclosures. The question is, does this spell doom and gloom for real estate? Or will this end up being a blip on the radar with little…
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Buttigieg Says No End in Sight for Supply…
Department of Transportation Secretary Pete Buttigieg said Sunday that America’s supply chain disruptions are expected to continue into next year, claiming the bottleneck has been spurred, in part, by an unprecedented amount of demand brought on…
Heresy Financial: The Real Reason Everyone is Quitting…
The August JOLTS report showed a new record in the number of people quitting their jobs. Many economists are left scratching their heads at this, especially considering how long it has been since government assistance…
Boeing Says Unvaccinated Workers Will Be Terminated
Boeing sent an internal message to all of its U.S. employees on Tuesday announcing that they must either get vaccinated against COVID-19 or face termination. The aircraft maker said that employees will have until Dec.…
Report: Inflation to Surge to Highest Point Since…
Americans' inflation fears skyrocketed to another record high in September, driven by the rising price for an array of consumer goods, according to a Federal Reserve Bank of New York survey published Tuesday. The median expectation is that…
Heresy Financial: Bitcoin Is Breaking Out And You’re…
Bitcoin has been on a tear recently and is back in the price territory not seen since earlier in 2021 when it was making all-time highs. The drivers, as always, are supply and demand. But…
First Antiviral Pill Against Covid-19 to Seek FDA…
Drugmaker Merck asked federal health officials Monday to greenlight its experimental pill against COVID-19, which could make history as the first oral antiviral medicine to treat the harrowing virus. The drugmaker submitted an Emergency Use Authorization (EUA)…
Wages Are Spiking Higher Inflation To Follow
Recent wage data shows strong and persistent growth in wages. Unfortunately, this comes after Americans have been feeling the burden of high inflation instead of before. Further, the rise in wages is contributing to sustaining…