Amazon Air Deliveries Slump As Shipping Slowdown Worsens

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Amazon Air Deliveries Slump As Shipping Slowdown Worsens FedEx warned of weakening shipping demand last week, while some analysts said the company's failures to adapt contributed to its subpar performance. But maybe that's not the entire case, and decelerating shipping demand is a sign the economy is faltering.  It hasn't even been a week since the Fedex warning, and the latest sign of a shipping slowdown comes from Amazon Inc.'s Prime Air, a large fleet of cargo planes transporting Amazon packages, Bloomberg reported.  Researchers at DePaul University's Chaddick Institute for Metropolitan Development found that Amazon's air freight fleet averaged about 194 flights per week…

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‘The Myth Of American Income Inequality’: The Federal Government Drastically Overestimates Earnings Disparity, Study Says

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The federal government drastically overestimates income inequality in the United States by failing to account for certain welfare programs and income taxes on the wealthiest earners, according to a study released on Tuesday by the Cato Institute. The analysis, written by Cato Institute adjunct scholar John Early, says that official statistics fail to account for more than two-thirds of transfer payments provided to low-income households and do not consider income loss from taxes, which average 35% of income for the wealthiest quintile of taxpayers. Poverty counts are 10 times higher than the true figure, while income inequality is overestimated by a…

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“This Is The Big One” MN Gordon Warns “We’re All Facing A Wrath Of Biblical Proportions”

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"This Is The Big One" MN Gordon Warns "We're All Facing A Wrath Of Biblical Proportions" Authored by MN Gordon via EconomicPrism.com, “The LORD sends poverty and wealth; he humbles and he exalts.”  – 1 Samuel 2:7 Holy Roll An enterprising entrepreneur did a comedic graphic of Federal Reserve Chairman Jerome Powell captioned: “IN JPOW WE TRUST.” You may have seen it. The image shows Powell flamboyantly wearing a preacher’s robe and making an esoteric hand gesture with his right hand.  His face is grimacing like he’s passing a kidney stone. His left hand holds up what appears to be…

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The Fed Is Finally Seeing The Magnitude Of The Mess It Created

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The Fed Is Finally Seeing The Magnitude Of The Mess It Created Authored by Ryan McMaken via The Mises Institute, When asked about price inflation in his Sunday interview with 60 Minutes, President Biden claimed that inflation "was up just an inch...hardly at all." Biden continued the dishonest tactic of focuses on month-to-month price inflation growth as a means of obscuring the 40-year highs in year-over-year inflation. This strategy may yet work to placate the most ignorant voters, but people who are paying attention know that price inflation continues to soar. Thus, while Biden may be pretending that it's all…

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The Fed Is Finally Seeing The Magnitude Of The Mess It Created

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The Fed Is Finally Seeing The Magnitude Of The Mess It Created Authored by Ryan McMaken via The Mises Institute, When asked about price inflation in his Sunday interview with 60 Minutes, President Biden claimed that inflation "was up just an inch...hardly at all." Biden continued the dishonest tactic of focuses on month-to-month price inflation growth as a means of obscuring the 40-year highs in year-over-year inflation. This strategy may yet work to placate the most ignorant voters, but people who are paying attention know that price inflation continues to soar. Thus, while Biden may be pretending that it's all…

Continue ReadingThe Fed Is Finally Seeing The Magnitude Of The Mess It Created