The Independent Report

The Independent Report provides an independent, non-partisan, non-ideological analysis of economic news. The Independent Report's mission is to inform its readers about the unsustainable nature of our economic system and the various stresses encumbering it: high debt levels (government, business, household); debt growth exceeding economic growth; low productivity growth; huge and persistent trade deficits; plus concurrent stock, bond and housing bubbles.

Saturday, July 13, 2024

Interest Rates, Inflation, Wishful Thinking, and Unintended Consequences

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  The Federal Reserve's statutory mandate, as described in the 1977 amendment to the Federal Reserve Act, is to promote maximum employme...
Tuesday, November 02, 2021

FAANGs Contribute Disproportionately to S&P 500, Yet Little to US Employment

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Tech giants Facebook, Amazon, Apple, Netflix and Google constitute a disproportionate share of US stock market performance. Often referred ...
Tuesday, April 23, 2019

American Despair

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Life expectancy in the US declined for the third consecutive year in 2017. Americans could expect to live to 78.6 years, down from 78.7 ye...
Wednesday, February 13, 2019

National Debt Reaches $22 Trillion; Washington Shows No Concern

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The national debt has surpassed $22 trillion for the first time in U.S. history, according to new Treasury Department data. And trillion d...
Thursday, September 13, 2018

Is This Really the "Greatest Economy Ever"?

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"This is an incredible time for our nation. We have the best economy in history. The stock market is at record highs. Unemployment is...
Monday, September 10, 2018

Many Will Be Blind When the Next Recession Unfolds

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According to the U.S. National Bureau of Economic Research (the official arbiter of U.S. recessions) the Great Recession began in December...
Friday, August 31, 2018

Interest Rates, Supply, Demand and Home Prices

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Though the Federal Reserve doesn’t actually set mortgage rates, it determines the federal funds rate, which generally affects short-term a...
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The Independent Report
My name is Sean M. Kennedy. I'm a writer, researcher, analyst and concerned citizen. The Independent Report is dedicated to an analysis of the unsustainability of our economic system. I report on current economic events, including: the Federal Reserve, the Big Banks, interest rates, inflation, unemployment, wages/incomes, housing, federal spending, budget deficits, the national debt, the bond and stock markets, energy and resources. I view myself as post-partisan, and this site is not motivated by politics or ideology. Both parties are part of the same political structure and feed from the same corporate troughs. We have become a Corporatocracy. I have been a lifelong, registered Independent — hence the name of this site. My goal is to inform, persuade and compel people about the various crises that we face as a nation. It is my hope to provoke some modicum of thought and awareness.
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