Economic Commentary

Biden Blames Oil Companies for High Gas Prices. Oil Industry Blames Biden. Both Are Wrong.

Joe Biden’s incendiary letter to the head of the Federal Trade Commission (FTC) accused oil companies ExxonMobil and Chevron of profiting at the...

Bob Adelmann November 18, 2021

Gamestop: Backdrop

Daniel Natal February 2, 2021

Every time Wall Street experiences a backlash due to its unscrupulous behavior, their friends in the media pivot by changing it from a...

Big Banks Are Optimistic About U.S. Economy, for Good Reason

Bob Adelmann September 21, 2020

The big banks are seeing the robust U.S. economic recovery extending into the New Year. ...

New Jersey the Fourth State to Enact “Millionaires” tax

Bob Adelmann September 18, 2020

New Jersey is improving its standing in WalletHub's list of the highest-tax states in the nation. ...

Producer and Consumer Prices Jumped in July Much More Than Expected

Bob Adelmann August 12, 2020

Prices for goods and services at both the producer and the consumer levels jumped far above forecasts in July. Are these harbingers of...

Trump Touts Deregulation; Economy’s Rebound Shows it

Bob Adelmann July 17, 2020

In his stump speech on Thurday the president had a lot to celebrate. ...

Stock Market Rallies Despite Negative News

Bob Adelmann June 4, 2020

The small-cap Nasdaq 100 Index has rallied more than 43 percent since its low set on March 23. The S&P 500 Index has...

Economic Green Shoots Appearing; Trump Moves to Water Them Via Regulatory Relief

Bob Adelmann May 25, 2020

Green shoots are appearing as the economy is starting to rebound from the COVID-19 shutdown. ...

Consumer, Producer Prices Plunge in April

Bob Adelmann May 14, 2020

The average American household is holding its breath, financially speaking, not spending money until they feel it's safe to do so. ...

Consumer Prices in March Fall by the Most in Five Years

Bob Adelmann April 10, 2020

Though the Consumer Price Index shows prices dropping now, mainly because of the low price of gasoline, the growth in the money supply...

Government’s Coronavirus Stimulus Program Will Massively Increase National Debt

Bob Adelmann April 8, 2020

The coronavirus stimulus programs will massively increase the national debt, and the Keynesian economists in Washington don’t see any problem with that. ...

What Will the Economic Recovery Look Like?

Bob Adelmann April 7, 2020

The U.S. economy was pushed off a cliff. It's going to take awhile for it to climb back up. ...

March Car Sales Down 36 Percent; Prepare for the worst

Bob Adelmann March 25, 2020

There is simply no way to sugar-coat the numbers coming this week and next: They will be awful, ugly, frightening, “unprecedented,” “unparalleled,” and...