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Stocks Dump, Bonds & Bullion Jump After Dismal Data
Following the cataclysmic drop in new home sales, notably weak PMIs, and ugly Richmond Fed data, reality is starting to bite this morning as 'real' economic data confirms the apparent collapse in ad-spend that Snap's warning signals. Read More.
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President Biden seems to praise high gas prices as 'incredible transition' Americans must go through
The record-high national average for a gallon of regular gas is $4.56, and is much higher in some states Read More.
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Biden considers tapping emergency diesel reserve with prices near record high
White House: Tapping diesel reserve may not reduce prices, but could help to prevent spot outages Read More.
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Americans Have Lost $20 Trillion Since The Start Of 2022
Citing estimates from JPMorgan, over the weekend Bloomberg wrote that courtesy of a Biden administration terrified of what soaring inflation will mean for the Democrats in the midterms, and a Fed that is determine to do anything - even crash the market and spark a recession - to do Joe Biden's "kill inflation" bidding, the US faces a new scary threat: a plunge in wealth which JPM estimates at least $5 trillion, and could reach $9 trillion by year-end. Read More.
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The Grassroots Corner May 23, 2022
The Grassroots Corner - Week Beginning 5/23/22: “ HOSTILE ARGUMENT: THE FAIRTAX WILL HURT STATE AND LOCAL GOVERNMENTS THAT ISSUE BONDS” Read More.
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Gas Prices Reach Another New All-Time Record High at $4.593/Gallon — 11th Straight All-Time Record High in 11 Days
Gas prices reached $4.59 on Friday. This was a new all-time record high for gas prices in America. It was the 11th straight day of all-time record high gas prices. Read More.
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Democrats' latest phony inflation scapegoat: Credit cards
In this administration, it’s always someone else’s fault. Inflation is now the No. 1 concern of voters, so the White House first blamed COVID. Then Trump’s tax cuts. Then Putin. Then meatpackers and the poultry industry, Big Oil, and pharmaceutical companies. Read More.
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The Chairman’s Report May 20, 2022
"The Tax Foundation Is Advocating Sales Tax!" - The Surprising Regressivity of Grocery Tax Exemptions is the title of a study written by Jared Walczak for the Tax Foundation.  Here are some of the findings: Read More.
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Weekly mortgage demand from homebuyers tumbles 12%, as higher interest rates take their toll
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 5.49% from 5.53% Read More.
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China’s Economic Distress Deepens as Lockdowns Drag On
Economists call for more aggressive stimulus; slowdown is worst since the initial Covid-19 outbreak in 2020 Read More.
Democratic inflation fix bill is flawed
Gas hit $4.47 per gallon, diesel $5.56 per AAA, record prices Read More.
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The Grassroots Corner May 16, 2022
The Grassroots Corner - Week Beginning 5/16/22: “Friendly Competition Revisited” Read More.
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The Chairman’s Report May 13, 2022
"Harris Poll On Taxation—Frustration And Distrust" - Unlike property taxes and sales taxes which are assessed by government, the federal income tax is calculated by American taxpayers.  Read More.
Inflation gave most Americans a 2.6% wage cut in April
The typical US worker is worse off today than then they were a year ago due to inflation Read More.
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The 10 most popular cities that Americans moved to last year — and four are in this one state
Here’s a hint: No New York or California cities made the Penske list of ’10 Moving Destinations for 2021,’ but plenty of Southern cities did. Read More.

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