Inflation is rocketing again, lumber/housing prepping to get crushed pic.twitter.com/bNXL7LByYM
— Darth Powell 🦈🇺🇲🇺🇦🇵🇱🇫🇮 (@GRomePow) August 7, 2023
⚠️INFLATION⚠️
Cost for US middle-class family of four outstripping median male income.
In 1985…
◼️Costs: $17,586/yr
◼️Income: $23,036/yr
◼️Net: +$5,450/yrIn 2022…
◼️Cost: $75,732
◼️Income: $63,388/yr
◼️Net: -$12,344/yrh/t @LizAnnSonders @AmerCompass pic.twitter.com/TVqfc5POXA
— Hedgeye (@Hedgeye) August 7, 2023
First-time homebuyers must now earn $64,500 a year to ensure the cost of an average entry-level home doesn’t exceed 30% of their income, per Bloomberg.
That’s up from $57,222 a year ago.
— unusual_whales (@unusual_whales) August 7, 2023
Thanks @lisaabramowicz1.
This is one of the reasons why some people are worried about an inflation "smile" for the US — that is, the current fall in headline inflation giving way to a stabilization and then a move back up in the fourth quarter of the year.
Other factors fueling… https://t.co/6vcKOXDRfq— Mohamed A. El-Erian (@elerianm) August 6, 2023
Market-implied inflation expectations over the next 5-10 years have risen to the highest levels in more than a year. Traders are starting to game out a future with sustainably higher inflation and higher long-term bond yields. https://t.co/AX0CQH7Ox3 pic.twitter.com/bP2WVhAWfi
— Lisa Abramowicz (@lisaabramowicz1) August 7, 2023