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Americans have a record amount of credit card debt, but rising debt can actually boost economic growth, at least for a little while.

Is higher credit card debt actually good for the economy?

Americans are facing a record amount of credit card debt in 2024 at more than $1 trillion total. Adjusted for inflation, WalletHub says credit card debt is about 10% below its peak, which Americans hit in 2008 during the Great Recession. However, WalletHub estimates growing balances this year could put the inflation-adjusted record in striking…

Higher interest rates and rising inflation in Japan are due to a tight supply chain, not due to rising demand.

Are Japan’s rising interest rates signaling a return to normal?

Japan raised interest rates for the first time since 2007 from -0.1% to a range of 0%- 0.1%, ending an era of negative interest rates that was initiated years ago to help stimulate its struggling economy. The move came in response to rising inflation and wages. Straight Arrow News contributor Peter Zeihan argues that while…

According to multiple members of Congress, the Oversight Committee's impeachment hearing could be described as a “clown show."

‘Clown show’: Congress surprised its approval rating is high as 12%

The House Oversight Committee held an impeachment hearing into President Biden on Wednesday, March 20. According to multiple members of Congress, the hearing could be described as a “clown show.” “It was a clown show man, you know that,” Rep. Tim Burchett, R-Tenn., said.   “The American people know that this has become a clown show,”…

Despite widespread concern over inflation, the real risk to the global economy is deflation. Nations should prepare accordingly.

Deflation, not inflation, is the real economic risk

Over the past two years, concern over global inflation has made news headlines in every developed economy around the world. But the opposite risk — deflation — can also devastate modern economies. Straight Arrow News contributor Peter Zeihan is actually more concerned about deflation than inflation. Zeihan explains that while inflation can be self-regulating, deflation…

Trump has a history of endorsing violence among his supporters, and all Americans should take that threat seriously.

A grim reminder of some of Trump’s most disturbing statements

While mobilizing support for U.S. Senate candidate Bernie Moreno in Ohio, presumptive Republican presidential nominee Donald Trump warned of dire consequences if he —Trump — were to lose the election. This wasn’t the first instance where the former president delivered a rally speech to threaten violence or warn of a doomsday scenario should Biden secure…

Demographic momentum is a key indicator in economic growth forecasting. Here’s what it looks like in Europe, Asia, Africa and beyond.

How populations determine economic growth

Demographic momentum, roughly understood as a population’s ability to grow its economy over generations, is a key determinant for forecasting economic progress. For instance, the continent of Africa has mostly positive demographic momentum because the average age of the population is very young and can be expected to produce more and more wealth in the…

Days after Senate Majority Leader Chuck Schumer called him an obstacle to peace, Israeli Prime Minister Benjamin Netanyahu addresses Senate Republicans, and—Elon Musk's Neuralink posts a video of a patient playing chess using their mind. The Morning Rundown™

Netanyahu speaks with Senate Republicans days after Schumer’s speech

Days after Senate Majority Leader Chuck Schumer called him an obstacle to peace, Israeli Prime Minister Benjamin Netanyahu addresses Senate Republicans. And Neuralink posts a video of a patient playing chess using his thoughts. These stories and more highlight The Morning Rundown for Thursday, March 21, 2024. Benjamin Netanyahu speaks to GOP lawmakers Israeli Prime…

Hours after the Supreme Court rules that Texas's immigration law can take effect, it is now back on hold. And, charges have been dropped against the father of a late Marine who was arrested at the State of the Union. The Morning Rundown™

Texas immigration law paused again amid legal seesaw

Hours after the Supreme Court rules that Texas’ immigration law can take effect, it is now back on hold. And, charges have been dropped against the father of a late Marine who was arrested at the State of the Union. These stories and more highlight The Morning Rundown for Wednesday, March 20, 2024. Texas immigration…

The latest employment report shows that part-time workers are doing well, indicating a strong labor market and overall economy.

Celebrate tight labor market, but don’t cut interest rates

While President Joe Biden has been celebrating U.S. economic success, many Americans are still unhappy about the economy. So who’s right? The most recent jobs report for February showed that while the unemployment rate rose slightly to 3.9%, job gains were higher than expected, with the total coming in at 275,000 versus the expected increase…

Biden effectively communicated how well the U.S. economy is doing, and Americans are finally acknowledging their shared economic progress.

Biden’s State of the Union speech changed minds on economy

President Biden attempted to tackle a lot of different subjects in his annual State of the Union address on March 7, but among the most important of them was the state of the U.S. economy. The U.S. economy has achieved record-low unemployment, surprising GDP growth and the lowest inflation rate among all G7 major economies.…

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