$COST’s bearish divergence hints at a potential 28% drop
pic.twitter.com/WjideSJkeR — Victoria (@VictoriaViorela) October 16, 2024
costs
Mohamed El-Erian warns inflation isn’t dead; urges Fed to prioritize beyond employment… Rising costs and retirement insecurity threaten financial stability.
⚠️US FOOD INFLATION IS BACK⚠️ Food prices rose by 0.4% in Sep, the biggest jump since February 2023. 5 out of the 6 major grocery store food group prices increased with eggs jumping as much as 8.4%. Over the last 4 years, food prices SKYROCKETED 22.5%👇https://t.co/OAcZin2MlG — Global Markets Investor …
US warships fired a dozen SM-3 interceptor missiles during Iran’s recent attack on Israel. Each missile costs up to $27 million.
WASHINGTON, D.C. – Two U.S. guided-missile destroyers destroyed a handful of Iranian missiles using a combination of weapons, including the Standard Missile 3, a U.S. official confirmed to USNI News on Wednesday. USS Bulkeley (DDG-84) and USS Cole (DDG-67) fired about a dozen interceptors at Iranian missiles fired at Israel, …
Millions of illegals being provided by the government with money for housing using your tax dollars is a major part of what’s driving up costs
Millions of illegals being provided by the government with money for housing using your tax dollars is a major part of what’s driving up costs https://t.co/qROyHzeJv6 — Elon Musk (@elonmusk) September 30, 2024 Very few Americans realize that, if Trump is NOT elected, this will be the last election. Far …
Ridiculous Answers from Harris and Trump Regarding Food Costs
by Mike Shedlock Both candidates have been asked questions what they would do about the rising cost of food. Let’s discuss their answers. Food Costs Too Much Please consider the Miami Herald article Donald Trump and Kamala Harris Both Say Food Costs Too Much. Harris vows to curb what she called …
Sandwich generation – hidden costs of caring for aging parent
Sandwich generation – hidden costs of caring for aging parent byu/Fun_Balance_1809 ineconomicCollapse
There is a reason Government aren’t transparent with costs…. “Tumble drier that costs £3,500 – I’m not joking”
This is the same situation in the United States along with the war machine Paying $100 for bolts/nails True cost is $.10 Our governments lined their pockets for years and the gig is over The veil has been lifted — Subliminal X (@SubMessX) September 13, 2024
Record large trade deficits for food supply.
‘As a physiocrat, this is the most alarming chart I’ve ever seen.’ https://twitter.com/1CoastalJournal/status/1834457143770317229 Soft landing confirmed 🛬 pic.twitter.com/zX7MgPiaV1 — The Coastal Journal (@1CoastalJournal) September 13, 2024 Source: https://www.ers.usda.gov/topics/farm-economy/farm-sector-income-finances/highlights-from-the-farm-income-forecast/ Under the Biden/Harris insane regulatory agenda, every aspect of getting food to your kitchen table became astronomically more expensive – from soil/farming …
The American dream now costs $3.4 million, per Investopedia
This is very understated on many fronts but especially for retirement. The devaluation of the dollar has pushed retirement needs well into $2M. h/t UnusualWhalesBot
33 million small businesses, employing 46% of private sector workers, report 37% earnings decline from rising costs.
The United States' 33 million small businesses employ about 46% of all private sector employees, according to the Small Business Administration, and were responsible for 70% of net new jobs since 2019. — unusual_whales (@unusual_whales) September 11, 2024 37% of NFIB respondents reported deteriorating earnings, the largest share since March …
We’ve never paid migrants’ costs before — so why is Eric Adams doing so now?
Mayor Adams must think Gotham needs more illegal migrants: He’s offering them up to $4,000 to leave city-funded shelter for permanent housing — which of course is more incentive to come here in the first place. No joke: The city’s Department of Homeless Services launched a pilot program in December …
Relocating retirees want lower costs of living and better lifestyles. Moving abroad may be the answer
As seniors aim to reduce living expenses and boost their quality of life, settling abroad could be appealing, financial experts say. More than 450,000 retirees were receiving Social Security benefits outside the U.S. as of December 2023, up from fewer than 250,000 retirees in December 2003. Retirees could save on …
Volkswagen’s Choice: Fire Union Workers and Cut Costs, or Go Bankrupt
by Mike Shedlock The unions and government leaders are howling but what must be done will be done. Big Outcry Over Closures DW reports VW’s Warning on Plant Closures in Germany Causes Outcry. Volkswagen’s announcement on Monday (September 2) that it is considering closing factories in Germany is unprecedented in the …
Housing Costs should be in official inflation measures
by notayesmanseconomics To the casual reader the headline for this piece may be something of a surprise. After all they would reasonably expect that what is usually the largest component of people’s spending to also be a major component of inflation measures. But the reality is that some measures ignore …
The “American Dream” now costs $3.4M
Don’t have to worry about student loans, wedding, costs of raising kids, family insurance, and a big house if you’re a college dropout with cats… points at big brain MEANWHILE, AMERICANS STRUGGLE TO FIND A JOB In July, 28.4% of Americans said that they searched for a job over the past …
Growth slowed, costs eased, but you’re reducing investments and hiring with worsening outlook.
CHI Fed: manufacturing and service sector growth in Aug was below trend, though not nearly as bad as last year’s lows; while cost pressures decreased, so did planned capital investment and hiring, while outlook deteriorated, now pessimistic on balance: CHI Fed: manufacturing and service sector growth in Aug was below …
Inflation sets a new price benchmark, rising costs endure as central banks keep pushing.
BY DAVID HAGGITH You may beat the inflation rate back down, but all future inflation happens from the new higher benchmark of prices that never fall back down, and central banks never stop trying to push them up. Photo by Rob on Unsplash “The time has come for cuts,” Powell said at the Jackson …
Home-Cooked Meals Gain Appeal as Rising Dining Costs Highlight Economic Strain
Food prepared at home continues to be a cost-effective option, with grocery prices rising at a modest 1.1% annually, compared to the 4.1% spike in dining out. While some claim inflation is under control, the reality paints a different picture. Families, facing maxed-out credit cards, are cutting back on eating …
Condo owners struggle with rising costs
South Florida faces a condo crisis as thousands of units flood the market, leading condo owners to sell due to rising costs.
Florida’s insurance costs 3x national average due to hurricanes, premiums hit $10,996.
FL is uniquely expensive to insure bc of hurricanes. Their insurance already costs over 3x the national average Florida homeowners paid an average annual premium of $10,996 in 2023 The national average insurance premium in the same year was $2,377 — Amy Nixon (@texasrunnerDFW) August 7, 2024
Riot Platforms’ sleight of hand: Bitcoin mining costs $70K per coin
by WHY_DO_I_SHOUT Riot Platforms’ $84M loss last quarter was linked here yesterday, but one thing in the linked article caught my attention. “The average direct cost to mine Bitcoin, inclusive of power credits, was $25,327 in the quarter, as compared to $5,734 per Bitcoin for the same three-month period in 2023,” Riot …
Businesses warn investors they can’t pass on costs; “growth concerns” loom this fall. Fed rate cuts could harm stocks, accelerating shift to bonds and imploding the carry trade.
Of course Julian Emanuel (Sr Director of Derivatives) wants everyone to stay fully invested. He fails to explain derivatives speculation in small caps while mega caps sell off is always how the market finishes the economic cycle right before collapse.https://t.co/C0RiBmR3J6 — Financelot (@FinanceLancelot) July 31, 2024 I'm shocked people think …
People Are LOSING THEIR HOMES TO THESE RISING COSTS
More and more people are being forced to sell their homes due to the phantom cost of homeownership rising too high unexpectedly. These are usually things like homeowners insurance increases, property tax increases, special assessments, or unexpected repair cost. For a long time these costs were relatively stable, but over …
Going Down! US Producer Prices Rise At Fastest Pace In 15 Months As Services Costs Soar (Buying Conditions For Housing Hit All-time Low!)
by confoundedinterest17 We’re going down! After May’s MoM deflationary impulse (thanks to a plunge in energy costs), June was expected to see a modest 0.1% rise (and we have seen energy prices starting to rise again). Sure enough, headline PPI printed HOT at +0.2% MoM (and May was revised higher), …
Poll shows 44% of Americans skipping summer vacations due to 25% rise in air travel costs.
According to a recent poll conducted exclusively for Newsweek by Redfield & Wilton Strategies, 44 percent of Americans interested in taking a summer vacation this year are not doing so because of rising air travel costs. The consumer price index for airline tickets has increased by 25 percent over the last year, which is the …
The Second Surge of Inflation Could Be Weeks Away | Freight Costs Sounding the Alarm!
Up another 10% this week https://t.co/uVIKk7pMAN pic.twitter.com/LspLhrwuUl — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) July 5, 2024
July 4 travel hitting new record… Cookout costs hit record high…
Travelers heading out for the July 4 holiday can expect plenty of company this year. Nearly 71 million people will be on the move over July 4th week, according to AAA — a new record that exceeds pre-pandemic totals. “With summer vacations in full swing and the flexibility of remote …
Now we know how much it costs to make $2,800 DIOR bag: $57…
The Italian police raided some of LVMH’s Dior suppliers that make luxury handbags. Italian prosecutors found Dior paid $57 to produce bags retailing for $2,780. Judges placed Dior and Armani units under judicial administration for one year. Two Italian luxury giants pay just a small amount to produce handbags that …
How much it costs to feed 6 kids
How much it costs to feed 6 kids 😳 pic.twitter.com/fwbLTWYWhX — non aesthetic things (@PicturesFoIder) July 1, 2024
The second wave of inflation is becoming increasingly evident. Global freight costs continue to rise relentlessly
The second wave of inflation is becoming increasingly evident. Global freight costs continue to rise relentlessly byu/RobertBartus inEconomyCharts