News and Trends
How it started... How it's going: Home, energy, car bills way up thanks to inflation - Fox Business--5.15.24
Home, energy, car and childcare costs have all increased since President Biden took office and there is no end in sight as inflation remains stubbornly high. The latest CPI report showed inflation eased slightly in April while data showed shelter costs and household energy costs climbed. 
Escobar: De-Dollarization Bombshell - The Coming Of BRICS+ Decentralized Monetary Ecosystem - Zero Hedge--5.15.24
The Unit is a new problem-solving system that address the key geoeconomic issue of these troubled times: a global crisis of trust. The Global Majority has had enough of the centrally controlled monetary framework put in place 80 years ago, and in contrast, the Unit proposes a reliable, quick and economically efficient solution for cross-border payments.
Inflation pressures ease in April as consumer prices rise at slowest pace in three months - Yahoo! Finance--5.15.24
U.S. consumer price increases cooled during the month of April, according to the latest data from the Bureau of Labor Statistics. Investors now anticipate two 25 basis point cuts this year, according to updated Bloomberg data.
America is running out of money, and nobody cares - MSN--5.14.24
The rapid growth in America's National Debt is driven by two factors. The first is spending on major entitlement programs like Social Security, Medicare, and what is called Income Security. The second factor is that U.S. government tax revenues aren't covering government spending.
Credit card debt poised to smash another record high - Fox Business--5.14.24
Americans are racking up more credit card debt as still-high inflation and steep interest rates continue to make the cost of everyday necessities more expensive. The ongoing inflation crisis is one reason that consumers are increasingly relying on credit cards to pay their bills.
Interest rates start to fall in Europe as the Fed lags - Yahoo! Finance--5.9.24
European rate setters are turning dovish while the U.S. Federal Reserve stays cautious about cutting rates too soon. The European Central Bank is widely expected to lower rates in June, with inflation close to its 2% target.
‘Seriously Underwater’ Home Mortgages Tick Up Across the US- Yahoo! Finance--5.8.24
Roughly one in 37 homes are now considered seriously underwater in the U.S. and that share is much higher across a swath of southern states. Nationally, 2.7% of homes carried loan balances at least 25% more than their market value in the first few months of the year.
The US government is paying $2 million of interest a minute as rates stay high - Markets Insider--5.6.24
The U.S. government is shelling out $2 million per minute in interest payments on its debt. The surge in interest rate expenses has coincided with higher for longer interest rates and those interest payments are expected to continue rising for the foreseeable future.
Inflation is scrambling Americans' perceptions of middle-class life - Business Insider--5.5.24
Many Americans have come to feel that a middle-class lifestyle is out of reach. Inflation is bringing down the mood and making the economy seem much worse than it is.
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