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News & Articles By Arsenio Toledo
06/14/2022
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By Arsenio Toledo
US household wealth drops for first time since Q1 2020
American household wealth has declined for the first time in two years during the first quarter of 2022. This is according to a report from the Federal Reserve released on June 9. The report shows that household net worth declined by about half a trillion to $149.3 trillion during the first quarter, down from a […]
06/14/2022
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By Arsenio Toledo
America is already hurtling toward a recession, warns economic analyst
An expert economic analyst believes the U.S. is already in the process of entering a recession. Peter Atwater, a former hedge fund manager and an adjunct professor at the College of William & Mary in Virginia, predicted in a recent interview with financial services company Wealthion that a large amount of mal-invested capital will be wiped out […]
06/10/2022
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By Arsenio Toledo
Soaring diesel prices are hammering the trucking industry, leading to more inflation on nearly everything
The uncontrollable surge in oil prices is starting to limit the ability of truckers to do their job, leading to more inflation. Data collected by the Associated Press shows that diesel prices have increased by approximately 70 percent since last year. This has severely impacted the ability of many truck companies to do their work, with many […]
06/09/2022
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By Arsenio Toledo
Interest rate hikes and Biden refusing to increase oil production will make America’s economic woes EVEN WORSE
A billionaire oil refiner has warned that America’s economic crisis could get worse, especially if the Federal Reserve keeps increasing interest rates and President Joe Biden doesn’t increase oil production. John Catsimatidis, CEO of supermarket chain Gristedes and chairman of the Pennsylvania-based oil company, the United Refining Company, warned that the Federal Reserve’s choice to […]
06/08/2022
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By Arsenio Toledo
Nonpartisan Congressional Budget Office predicts SKY-HIGH food inflation to persist until 2023
The Congressional Budget Office (CBO) has confirmed that President Joe Biden’s economic policies are not doing anything to slow down rising food prices. In fact, they may be making them worse. The nonpartisan agency’s report expects the consumer price index (CPI) to rise by 6.1 percent this year. While the CBO predicts inflation to slow down next year, the […]
06/07/2022
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By Arsenio Toledo
Glenn Beck: An economic and financial hurricane is coming and Americans need to prepare for it
Conservative political commentator and radio host Glenn Beck warned that an economic and financial hurricane is coming to America and people need to prepare for it. During an episode of his radio show, “The Glenn Beck Program,” he quoted JPMorgan Chase & Co. CEO Jamie Dimon and how the Wall Street executive believes America is […]
05/31/2022
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By Arsenio Toledo
Russian central bank to launch pilot program for digital ruble by 2023
The Central Bank of Russia is on track to begin its pilot project using a digital ruble. This project will involve real customers and real transactions. Western sanctions that have escalated since the beginning of Russia’s invasion of Ukraine have cut the country off from large parts of the global financial system. Since then, the […]
05/27/2022
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By Arsenio Toledo
French municipalities handing out food vouchers to deal with food inflation
Municipalities all over France have begun providing their residents with food vouchers to help families deal with spiraling food inflation. The vouchers are being distributed by many city governments. They can be cashed in at supermarkets and come in denominations of five, 20 and 30 euros. (Related: Nearly two-thirds of Americans are now living paycheck to […]
05/26/2022
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By Arsenio Toledo
Collapse incoming: Fed to raise interest rates more than the market initially anticipated
The Federal Reserve is expected to raise interest rates far higher than what earlier pronouncements claimed, increasing the likelihood of a slowdown and the collapse of the American economy. In the most recent meeting of the Federal Open Market Committee (FOMC) held early this month, monetary policymakers in attendance all agreed on the need to […]
05/24/2022
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By Arsenio Toledo
European central bank president says crypto is “worth nothing” and calls for more regulations
European Central Bank (ECB) President Christine Lagarde recently called for more regulations on cryptocurrencies after claiming that they have no real value. Lagarde made these comments during an appearance on the Dutch television program “College Tour.” She said: “I am concerned for people who have no understanding of the risks, who will lose it all […]
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