Between December 2017 and December 2022, the share of all new auto sales priced above $60,000 more than tripled, from 8 percent to 25 percent, according to research by Cox Automotive.
The popular narrative about worker shortages and layoffs is aimed at building a cultural consensus against workers and the labour movement, and is based on biased, partial, and contradictory definitions.
Our central bank operates by and for the financial elite.
Following Russia's invasion of Ukraine, the bond market's 5-10 year projection of annual chain-weighted personal-consumption-expenditures inflation reached 2.27%, raising concerns that another big shock could de-anchor inflation expectations. But since that didn't happen, the Federal Reserve now should reconsider its position.
A closer look shows we’re already approaching normal.
Workers vs neoliberalism — it's happening everywhere
In the name of taming inflation, central banks have deliberately set themselves on a path to cause a recession – or to worsen it if it comes anyway. Worse, today's monetary-policy tightening will leave long-lasting scars, there are better responses.
Because meals are so important to the holidays, it raises our awareness of the issue, but hunger in our community exists 24/7
Unfounded Fed tightening myths are backfiring on the economy.
Progressive and leftist voters are always told we’re too extreme. The midterm results should quash that narrative. Results suggest that when the Democratic Party listened to its progressive flank voters rewarded its politicians.
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