Mounting Political Hurdles The metrics could change by 2022 but political analysts in Washington are citing a growing number of challenges for President Biden and his Party. Significantly, they will need to reach some form of agreement on social and infrastructure spending or else be permanently stamped as ineffective. Even if successful at that endeavor, it will not solve the myriad of other factors weighing on average Americans. These include:
The shortage of automobiles is symbolic of larger supply chain problems in the economy. The slow shipping of components has hit its worst level since 1987. This will cause frustration to mount as the holiday shopping season arrives.
Inflation has become an expectation and yet Democr...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
