You can't fight inflation with more inflation. But that is exactly what the current administration is going to try to do with the meatpacking industry. Blaming exploitation and failed capitalism instead of unprecedented monetary expansion,…
Heresy Financial: Mortgage Rates are Surging
Interest rates on mortgages have been on a tear the last few weeks and are now at levels not seen since March of 2020. Does this spell disaster for the housing market? Are we at…
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Gas Prices Are About to Surge Again
Energy experts issued a stark warning to Americans on Friday: Get ready for higher gas prices this spring. "This is the calm before the storm, and we're already going up," GasBuddy head of petroleum analysis Patrick De Haan said…
Inflation Hits 40 Year High
Economists report that current inflation rates have risen to levels not seen since 1982. What Happened: The consumer price index rose 7% in December from a year ago, according to a new Labor Department…
Heresy Financial: Has a New Gold Bull Market…
Despite the volatile price action, gold continues to push higher. This despite the tapering and increasingly hawkish rhetoric from the federal reserve. So why would gold perform disappointingly during high inflation, and now start to…
IRS Tracking Your Venmo And Cash App Now
The Economic Ninja joins me to talk about something that most people were not aware went into effect. Mobile payment processors like Venmo, Cash App and Apple Pay will now be required to issue a…
Heresy Financial: Interest Rates are Surging and the…
Yields, especially at the long end of the curve, have started to rise dramatically. This is in anticipation of the federal reserve's response to inflation. As the fed finishes tapering their asset purchases this year…
The Stock Market Melt-Up is Here
Stocks are breaking out to all-time highs despite big red flags waiving strong in the economy. There are signs the current rally is a blow-off top, a melt-up that takes place before a crash. The…
Despite Omicron Crisis Holiday Sales See Positive Spike
Holiday sales rose at the fastest pace in 17 years, even as shoppers grappled with higher prices, product shortages and a raging new COVID-19 variant in the last few weeks of the season, according to one spending…