economics

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US Inflation ‘Nightmare’ Remains Sticky as January Price Hikes Unsettle Markets

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Fresh economic indicators from the U.S. Bureau of Labor Statistics reveal persistent inflationary pressures, with January’s pricing trends for household staples and essential services climbing 0.5% above December’s figures. Something Has Got to Give—Stubborn Inflation and Record-Low Reverse Repo This incremental yet stubborn rise reflects the ongoing challenge of cooling price elevations across foundational consumer … Read more

The Death of the Penny: Trump Orders U.S. Treasury to Stop Minting One-Cent Coins

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President Trump stresses that producing the penny is “wasteful,” given that it costs more to produce than the coin’s face value. The U.S. Mint lost over $85.3 million in the last fiscal year from coining pennies. The Penny’s End? Trump Orders the Elimination of the ‘Wasteful’ Coin President Donald Trump has made a decision that … Read more

Trump’s Tough Talk on Iran Sends Rial Tumbling to Record Lows

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The Iranian currency plummeted to new lows against the U.S. dollar after President Donald Trump reinstated his “maximum pressure” policy against the Middle East country. Trump’s Rhetoric Impacts Markets The Iranian currency plummeted to new lows against the dollar after the U.S. President Donald Trump reinstated his “maximum pressure” policy against Iran. Some observers linked … Read more

Robert Kiyosaki Warns Market Crash Escalating—’Greater Depression’ Could Wipe out Millions

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Markets are crashing, and the world may be heading into a “Greater Depression,” warns Robert Kiyosaki, predicting mass unemployment and financial turmoil. Robert Kiyosaki: The World May Be Entering Into Another ‘Greater Depression’ Robert Kiyosaki, author of Rich Dad Poor Dad, has reiterated his long-standing prediction of a historic market collapse, stating that his 2014 … Read more

Russia and Ethiopia Take Steps Away From US Dollar as Dedollarization Grows

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Countries are accelerating a shift away from the U.S. dollar in trade, with Russia and Ethiopia deepening currency ties to enhance economic stability and reduce reliance on foreign exchange. Global Shift Away From US Dollar Accelerates—Russia and Ethiopia Deepen Currency Ties Countries worldwide are increasingly shifting away from the U.S. dollar in trade, opting instead … Read more

‘No Major Bank Could Survive It’—Peter Schiff Warns Fed Is Unprepared for Real Threat

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The Federal Reserve’s stress tests ignore the real nightmare scenario, economist Peter Schiff warns, saying no major bank could survive the financial catastrophe that looms. Peter Schiff Warns of Financial Catastrophe—Says the Fed Isn’t Testing the Real Threat The Federal Reserve Board released its 2025 stress test scenarios on Feb. 5, outlining hypothetical economic conditions … Read more

Gold Prices Break $2,900 as the West Takes Cover From Tariff Turmoil

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Gold prices have broken records once again, inching closer to the $3,000 key level. This phenomenon has been accompanied by an unusual movement of physical gold to COMEX vaults, as investors cling to tangible assets amidst the current geopolitical backdrop. Gold Keeps Shining, Breaks All-Time High Prices Once Again Gold has proven again that is … Read more

Economics Professor Roubini Warns: China’s Pride Poses Major Challenge for Trump’s Tariff Strategy

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Economist Nouriel Roubini argues that China’s national pride makes it unlikely to yield to U.S. tariff pressure. No Respite for China Nouriel Roubini, an economics professor at New York University, warned the U.S. government that China is unlikely to yield to the Trump administration’s demands after being slapped with a 10% tariff hike. In a … Read more

Iran Backs Unified BRICS Currency—With a Focus on National Interests

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Iran supports a unified BRICS currency if all members agree, signaling a shift toward economic cooperation as the bloc explores alternatives to reliance on the U.S. dollar. Iran Supports Unified BRICS Currency Amid Global Tensions Iran has expressed willingness to support the creation of a unified BRICS currency, provided that all member nations reach a … Read more

Trump Barks, China Bites Back—Imposing Tariffs, Anti-Dumping Probes, and Export Limits

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While reports indicate that Canada and Mexico may be spared the tariffs instituted by the Trump administration, China was not included in those analyses. China was hit with a 10% tariff on imports beginning this week, which applies to all goods imported from China. Trump’s Trade Strategy Meets China’s Defiant Response Markets improved on Monday … Read more

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