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President Joe Biden’s attempt at celebrating lower gas prices is not going over well. On Thursday, Biden posted on X, formerly Twitter, “Right now, the average driver in America is spending over $100 less than if gas prices had stayed at their peak.” The post comes as AAA reports the average price for a gallon of gas sits at $3.09 per gallon, down from $3.26 a year ago. In June 2022, the national average price for a gallon of gas hit $5. However, the post did not go over well with users on X. SEE REPLIES AT LINK................ While gas...

This infuriating year, marred by relentless inflation, epitomizes the struggle of everyday Americans. Families, like Kyle Connolly’s, grapple with layoffs, escalating living costs, and diminished luxuries. The glaring disconnect between positive economic indicators and the grim reality faced by communities like Florida’s panhandle underscores the systemic issue. While the Federal Reserve boasts about curbing inflation, families bear the brunt, with the University of Michigan’s consumer sentiment index revealing a stark decline from pre-pandemic levels.

Do you believe the politicians in Washington or do you believe your own eyes? The politicians keep telling us that “inflation is low”, but everyone can see that everything sure does cost a lot more than it once did. Our standard of living just keeps going down, and even JPMorgan Chase CEO Jamie Dimon is admitting that “inflation is hurting people”. But how can inflation be “hurting people” if it is under control? Of course the truth is that it isn’t under control. If the official rate of inflation was still measured using the formula that was in place in...

After being left alone for the holidays, eight-year-old Kevin McCallister famously went grocery shopping in the 1990 classic "Home Alone," purchasing a large haul of food and everyday household items for under $20. With today's prices, however, McCallister would need a lot more in his piggy bank and Americans are taking notice. Items including a half gallon of milk, a half gallon of orange juice, a TV dinner, bread, frozen mac and cheese, laundry detergent, cling wrap, toilet paper, a pack of army men and dryer sheets cost the character, played by Macaulay Culkin, $19.83. Last year, the same grocery...

Even though inflation is still higher than ideal, many things are actually getting cheaper. But perhaps not the ones most Americans want. The prices of durable goods, meaning long-lasting items such as used cars or appliances, have fallen year-over-year for each of the past five months. Data released Thursday by the Commerce Department showed prices for such goods were down 2.2% in October compared with the year prior. Some economists estimate the fall in goods prices could bring inflation back to the Federal Reserve's 2% target by as early as the second half of 2024. One inflation gauge, the personal...

INDIANAPOLIS (AP) — A federal jury in Illinois ordered $17.7 million in damages — an amount tripled to more than $53 million under federal law... The jury ruled last week that the egg producers used various means to limit the domestic supply of eggs to increase the price of products during the 2000s. The time frame of the conspiracy was an issue throughout the case; jurors ultimately determined damages occurred between 2004 and 2008... Food manufacturers joining as plaintiffs in the lawsuit against the egg producers are Kraft Foods Global, Inc., The Kellogg Company, General Mills, Inc. and Nestle USA,...

President Joe Biden has been humiliated after bragging about reducing the prices of gas, groceries, and airline flights in a speech on Monday. Republicans were quick to refute Biden's claim, taking to social media platform X to call him out for misinformation. The Republican National Committee wrote: "'FACT: Since Biden took office, airfare is up 21 percent, Thanksgiving dinner was up 25 percent, and gas prices are $0.86/gallon higher." This has proven to be yet another instance of Biden struggling to prove and garner support for his administration's economic policies and plans, something that is especially important in the run-up...

The White House has announced it plans to use a cold-war era law to ease supply chain issues that the administration argues are contributing to higher inflation – a key electoral challenge to Joe Biden’s re-election chances next year as polling consistently suggests voters are not buying his Bidenomics pitch. In a statement, the White House said Biden will use the Defense Production Act to improve the domestic manufacturing of medicines deemed crucial for national security and will convene the first meeting of the president’s supply chain resilience council to announce other measures tied to the production and shipment of...

Black Friday isn’t what it used to be! Shoppers in the Big Apple favored affordable brands like Zara and Abercrombie & Fitch over high-end retailers like New York’s famous Bergdorf Goodman on the busiest shopping day of the year Friday — as concerns about inflation hit a 12-year high. Bargain hunters who hit the brick-and-mortar stores to try and snap up Black Friday deals told The Post that the savings are getting smaller.

The White House took a victory lap this week for purportedly “lowering costs” to American families preparing to celebrate Thanksgiving this year, while ignoring rising prices that have affected consumers since President Biden’s election in 2020. “This Thanksgiving, we have a lot to be thankful for. While inflation caused by the pandemic and Russia’s war continues to be a challenge, we have seen important progress,” White House press secretary Karine Jean-Pierre said during a Monday press briefing at which she displayed a hypothetical Thanksgiving menu to make her point. Jean-Pierre highlighted that gas prices have decreased $1.70 from their peak...

The national average of gas prices could drop to the lowest level around Thanksgiving in years, according to new estimates. On Monday, AAA reported the average national price of gas was about $3.31 per gallon — nearly a 10 percent decrease from last year’s average of $3.67 per gallon during the same period. The national average for gas prices has fallen or remained flat for about 60 consecutive days, according to a AAA press release last week.

On Monday’s broadcast of CNBC’s “Squawk Box,” Treasury Secretary Janet Yellen acknowledged that “Americans still see increases in some important prices, including food, from where we were prior to the pandemic.” And responded to poor polling data on the economy by stating that “it’s our job to explain to Americans what President Biden has done to improve the economy. I think as inflation comes down, prices stop rising, and the labor market remains strong, Americans will begin to see that we have made meaningful progress.”

Comments during Ammo Inc.’s Nov. 9 earnings conference call indicate enthusiasts can expect cartridge prices to increase for the rest of the year and continue to do so through 2024. Officials from the firm base that prediction on demand for its Streak Visual Ammunition, Jagemann Munition Components, /stelTH/ Subsonic Ammunition and Ammo Incorporated Signature lines. Sell through on Gunbroker, which it also owns, supports that conclusion. One caller asked if the recent increase in ammunition sales reflected a seasonal trend, rather than an unexpected market shift. Ammo Inc. CEO Jared Smith answered, “So we would expect anywhere between a 5-...

This chart tracks Gold vs Bitcoin performance from a $1 investment on 6 Oct 2009 when Bitcoin first had a market price.I humbly dedicate this chart to @PeterSchiff in honour of his tireless promotion of Bitcoin to his audience of gold bugs, we are forever grateful. In it for less than 14.1 Years? Here ya go... BTC PriceGold PriceTodays value from $1 investedBuy 1 yr ago$20930$1674Bitcoin: $1.67 | Gold: $1.19Buy 2 yrs ago$61490$1802Bitcoin: $0.57 | Gold: $1.10Buy 3 yrs ago$15550$1941Bitcoin: $2.25 | Gold: $1.02Buy 4 yrs ago$9357$1486Bitcoin: $3.74 | Gold: $1.34Buy 5 yrs ago$6455$1232Bitcoin: $5.43 | Gold: $1.61Buy 6 yrs...

Biden seeks to all but end an oil and gas leasing program.. ... during his first 19 months in office, Joe Biden leased fewer federal lands for oil and gas development than only one since the end of World War II. ... Last month, in a throwback to the days of Harry Truman, Biden released his statutorily required five-year OCS leasing plan, which all but ends the OCS oil and gas program. Following President Trump’s planned eleven OCS lease sales, Biden proposed only three, one each in 2025, 2027, and 2029. Biden wanted even fewer sales; .. blaming the courts...

Several Arizona legislators hoped changing the blend of gasoline sold in the Valley would lower prices. They left a hearing at the State Capitol on Monday with little expert opinion to support the idea. Phoenix drivers and businesses have paid well above the national average for gasoline this year, with prices spiking in two waves over the summer, according to data from the U.S. Bureau of Labor Statistics. In March, gas prices in Arizona were the fifth-highest in the nation. But the average price for unleaded regular gas peaked at $4.94 in May before dropping and leveling out at $4.76...

dvertisers paid a premium for airtime during the first Republican presidential debate on Fox News, but it looks like they’ll be getting a major discount during round two on Wednesday night.Semafor reviewed the rates the network shared with one prospective ad buyer for both the first and second GOP primary debates. For the first debate, the cost of a single 30-second spot topped $495,000. But the same 30-second spot during Wednesday night’s contest would cost just over $200,000.Another ad buyer did not share the rates for ads running during the first debate, but confirmed that Fox was charging $225,000 for...

Thanks to rampant Federal spending and overstimulus by The Federal Reserve, US housing prices are simply unaffordable for many. Particularly since the Covid epidemic (Wuhan China Flu). The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported 1.0% annual change in July, up from a 0% change in the previous month. At the metro level, Las Vegas leads in YoY price declines at -7.2%. In a close second is San Francisco at -6.2%. Portland and Seattle also declined. Here is Screamin’ Joe Biden. You know Biden is lying when he gets angry.

Bidenomics = High mortgage rates, high inflation rates, collapsed banks, expensive groceries, record high rent, and dwindling retirement accounts. The Federal Reserve on Wednesday paused rate hikes. The Fed kept the benchmark rate in the range of 5.25% to 5.50%. For now. “We’re prepared to raise rates further, if appropriate, and we intend to hold policy at a restrictive level until we’re confident that inflation is moving down sustainably toward our objective,” Chairman Jerome Powell told reporters on Wednesday. ... Despite what Jerome Powell said, inflation is not cooling. The Biden Regime relies on lies and voodoo math when it...

Oil prices could soar back into the triple-digits if crude supply faces more pressure – and that could bring global economic growth to a near standstill, according to JPMorgan. In a note on Tuesday, the bank's strategists noted oil prices have jumped 27% over the past month to trade at a 10-month high. Around 25% of that change is attributable to higher-than-expected oil demand, while 75% is attributable to major supply cuts, such as from OPEC+, which has repeatedly slashed its crude production over the past year.