Judge Merchan’s Trial Will Destroy USA Like Trial of William Penn New York Supreme Court Judge Juan Merchan is a seasoned jurist who is no stranger to Trump’s orbit. He has presided over the Trump Organization tax fraud trial, sentenced the former president’s close confidant Allen Weisselberg to prison over his role in the scheme, and overseen former Trump adviser Steve Bannon’s criminal fraud case. There […]
https://www.armstrongeconomics.....com/international-n

Republicans v the Department of Energy and Environmental Protection Agency The federal US government insists 60% of all new car production must be electric by 2030 – six years away. I have explained numerous times how this is unsustainable for US infrastructure, the private sector, and the average American consumer. Now, 13 Republican-led states are taking the federal government to the US Court of Appeals […]
https://www.armstrongeconomics.....com/world-news/clim

Why We Cannot Reach the Fed’s 2% Inflation Target The Consumer Price Index (CPI) released on April 10 by the US Bureau of Labor Statistics reported that inflation rose by 0.4% on a monthly basis and by 3.5% on the yearly. One must only look at their bills, items in the store, or open their eyes to see that the cost of living in […]
https://www.armstrongeconomics.....com/armstrongeconom

Russia Set to Outpace All Advanced Economies – Sanctions FAILED Sanctions and the removal of Russia from SWIFT have not deterred the Russian economy. A recent report by the International Monetary Fund (IMF) predicts that Russia’s economy will grow more in the next year than any other advanced economy. The IMF believes Russia’s economy will grow by 3.2% in 2024, in comparison, the US is […]
https://www.armstrongeconomics.....com/world-news/worl

Different Measures of Consumer Prices Since 2021M01, the CPI has risen 17.3% (log terms). By comparison, chained CPI and HICP have risen by approximately 16.5%. The PCE deflator has risen only 14.4% by March 2024 – but these are prices of goods and services produced, not of prices faced by consumers. Figure 1: CPI (blue), HICP (green), chained CPI (tan), […]
https://econbrowser.com/archiv....es/2024/04/different