A hub for independent voices and hard truths
"Consensus estimates from Bloomberg now project GDP at 2.28% and headline CPI inflation at 3% to end the year."@_JoshSchafer pic.twitter.com/iYvnlVhrO1 — Daily Chartbook (@dailychartbook) April 8, 2026 🔴 Fed Minutes: Many participants saw risk of inflation remaining elevated for longer …
BREAKING: Europe spent four years escaping Russian gas. It cut dependence from 40 percent to under 10 percent. It built LNG terminals. It signed long-term contracts with Qatar. It celebrated energy independence. Then America bombed Iran. Iran closed the Strait …
This man shares examples of food inflation at Costco that are WAY higher than the numbers reported for food inflation by the government. Are you surprised?
CME MARGIN HIKE ALERT ON ALL PRECIOUS METALS A Second MARGIN increase in 3 days.Maintenance increasesA 33% increase for gold futuresA 36% increase for silver futuresA 25% increase for platinum futuresA 14% increase for palladium futures This is going into …
Greg Price @greg_price11 Democrats now control the legislature and Governor’s office in Virginia. Here are just a few of the bills they’ve introduced – New 4.3% sales tax on Uber Eats, Amazon, etc deliveries. – New sales tax on admissions …
Authored by Mike Shedlock via mishtalk, Let’s investigate two studies. Can they both be right? The No Side A San Francisco Fed study by Regis Barnichon and Aayush Singh discussed the No side in What Is a Tariff Shock? Insights from …
*US SEPT. CONSUMER PRICES RISE 0.3% M/M; EST. +0.4%*US SEPT. CONSUMER PRICES RISE 3% Y/Y; EST. +3.1% *US SEPT. CORE CPI RISES 0.2% M/M; EST. +0.3%*US SEPT. CORE CPI RISES 3% Y/Y; EST. +3.1% — *Walter Bloomberg (@DeItaone) October 24, …
Authored by Mike Shedlock via mishtalk, Tariffs have not yet bit consumers in a big way. But they will. Firm’s Expected Unit Costs and Price Growth for 2026, data from Atlanta Fed Please consider the Atlanta Fed report Firms’ Cost and …
The U.S. just announced a 15% tariff hike on Japanese imports. This comes two weeks after Trump declared a “massive” trade agreement with Japan on July 22, calling it “maybe the largest deal in history.” https://www.usatoday.com/story/news/politics/2025/07/22/trump-trade-deal-japan-tariff-imports/85331747007/ The July 23 agreement …
Republicans just ended Federal car mileage mandates. The rules added $6,000 to the cost of a car. They siphoned billions from American car companies to foreigners. And they killed 100,000 Americans by forcing them to drive tin cans. pic.twitter.com/iaVt8bH4IM — …
U.S. firms are carrying most of the tariff cost for now, holding prices steady and shrinking margins. “American businesses have been absorbing Trump’s tariffs so far, but eventually the burden will be shifted on to American consumers” — Fed Chair …
President Trump has formally issued a new round of country-specific tariffs, notifying 16 nations that their exports to the United States will face steep duties beginning August 1. The announcement follows the expiration of a 90-day tariff pause that was …
The latest tax and spending bill, dubbed the “Big Beautiful Bill”, has sparked outrage over its glaring disparities in benefits. While the wealthiest Americans stand to gain $70,000 in tax cuts, the average worker will receive a mere $1,700. This …
Walmart beat first-quarter earnings estimates but fell just short of sales expectations. Chief Financial Officer John David Rainey said consumers could start to see higher prices as soon as later this month. The company said its e-commerce business was profitable …
Japan wage shock: Real wages plunge to -2.1% YoY, the worst in two years, and a deflationary disaster for the BOJ which puts a final nail in any hiking plans. If anything, BOJ should restart NIRP and boost QE (but …
by Michael When prices go up, our standard of living goes down. That is the way that it works. I have been writing quite a few articles about the shortages that the global trade war is going to cause in the months …
DEI: Chicago’s teachers insisted that higher pay would unlock student success. The city obliged, hiking per-student spending by 70 percent and boosting average teacher salaries to $100,000. The result? Failure on a grander scale. Today, just 11 percent of black …
US's top phone carrier stung by instant backlash over price hikes https://t.co/2tKrOpB3TD — Daily Mail (@DailyMail) April 23, 2025 The nation’s largest wireless provider is bleeding subscribers after jacking up prices and scaling back on deals. Verizon lost 289,000 monthly …
Burry has quietly loaded up on Molina Healthcare (MOH) now a top 3 holding. While markets spiral on tariff fears, MOH is up +18.5% YTD. Taking advantage of the increase in Medicare rates. pic.twitter.com/pyB7XUArkM — Michael Burry Stock Tracker ♟ …
State Farm executive has been fired after he was secretly recorded alleging that the insurance company hiked rates for California homeowners reeling from the devastating Los Angeles wildfires. Haden Kirkpatrick, State Farm’s vice president for innovation and venture capital, thought …
Central banks have just engineered the worst crisis we've ever seen and now it's ready to go. By pulling the liquidity rug away they've set the stage for another crisis, all that's needed is the trigger/narrative. https://t.co/2RhyVZhH5c pic.twitter.com/tas2TgrN22 — Financelot …
Reverse repo surges $72BN to $268.7BN for year-end window dressing. Funding market spreads already had blown out to 3 month highs amid spike in repo tightness pic.twitter.com/wyBoMBEPN8 — zerohedge (@zerohedge) December 27, 2024 The Federal Reserve's emergency Bank Term Funding …
by Mike Shedlock Companies are mounting a campaign to soften the Trump’s trade threats, but Trump’s team says he is serious. Trump Not Budging on Tariffs The Wall Street Journal reports CEOs Want Trump to Change Course on Tariffs. He Isn’t …
Told you… so many times… 😓 But no worries, #BOJ cannot afford to turn off the $JPY printer as you can see from the next line… https://t.co/onTdK9C5S9 pic.twitter.com/C96vRVxxsI — JustDario 🏊♂️ (@DarioCpx) November 18, 2024 Someone should really tell the …
Within the next year, 93 percent said they would have to increase prices, the survey of 182 fast food operators found. CALIFORNIA — Restaurants are raising prices and cutting hours and staff in the wake of California’s $20 fast food …
Are rate cuts bullish? No. Is the worst over? No. Can Wall Street be trusted? No. The chart of the week: "Not this again!" pic.twitter.com/ArMnkGs4vS — Mac10 (@SuburbanDrone) August 9, 2024 It took all week but the S&P 500 has …
80% of landlords in a recent ResiClub-Groundfloor Housing Investor Survey expressed concern about future increases in home insurance premiums. Among them, 37% are very concerned. These rising premiums are not limited to coastal states; even homeowners in Indiana and Iowa saw their average home insurance rates rise by 12.2% and 13.5%, respectively, in 2023. The surge …
Federal Reserve officials warned at the June policy meeting that if inflation remained elevated or continued to rise, policymakers might need to raise interest rates, according to minutes from the meeting released on Wednesday. Officials noted that they are not …
State Farm General is seeking to dramatically increase residential insurance rates for millions of Californians, a move that would deepen the state’s ongoing crisis over housing coverage. In two filings with the state’s Department of Insurance on Thursday signaling financial …
CDK Global, a major player in the auto sales industry, provides software technology to thousands of auto dealers in the U.S. and Canada. Unfortunately, they recently faced a multiday outage due to back-to-back cyberattacks. Here’s what you need to know: …