What’s the mindset of such consumers? US households want to travel on airplanes, stay at hotels and eat out despite the nation’s raging inflation. This might explain the credit card debt being so high September 12, 2023 7:02 pm
Since 2019, US real household incomes have declined annually, with inflation eating over 20% of these incomes. September 12, 2023 6:57 pm
Most people are broke and they can’t borrow… US household debt reached a record $17.1 trillion despite of rising credit rejections, driven by a desire to combat inflation. September 11, 2023 3:34 pm
US Beginning Credit Super Cycle (Bidenomics = Inflation, Rising Debt, Rising Delinquencies) Mortgage Rates UP 158% Under Bidenomics September 6, 2023 4:36 pm
‘The era of free money, cheap debt & growth at any cost is over’…. ‘People are fighting inflation with debt they can’t afford’ September 3, 2023 10:56 pm
Vladimir Lenin: “The best way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation”. September 3, 2023 10:44 pm
Inflation is proving a persistent reality for 61% of Americans living paycheck to paycheck September 2, 2023 7:43 am
September 1, 2025: Fed Reaches Inflation Target, Cheese Sandwich Costs $120 September 1, 2023 8:56 pm
The Fed has no intention of fighting high inflation – these criminals want to inflate away the U.S. national debt September 1, 2023 9:47 am
Liquidity Fairy Alert! Up and up it goes! Bank Term Funding Program usage above $100B for the 13th consecutive week ($107.527B vs $107.386B 8/17). An over reliance on central bank funding that is growing faster than the rate of inflation, BTFP is a moral hazard! August 31, 2023 10:29 pm
Inflation Alert! The Fed’s preferred inflation measure continues to rise! Excluding food and energy, the PCE price index increased 4.2 percent from one year ago–still more than DOUBLE the Fed’s 2% target. More fuel for rate hikes… August 31, 2023 11:42 am
“We currently are earning less and spending more (adjusted for inflation) than at the worst point of the Great Depression” August 31, 2023 10:35 am
Macy’s reports uptick in credit card delinquencies – as America’s household debts swell to $1 TRILLION thanks to rampant inflation and higher interest rates August 26, 2023 10:48 pm
Fed Chair Jerome Powell: “We have tightened policy significantly over the past year.” “Inflation has moved down from its peak…it remains too high” “We are prepared to raise rates further if appropriate, and intend to hold policy at a restrictive level until we are confident” August 25, 2023 1:56 pm
Nvidia’s gain in Q3 was seen as good for Tech stocks, but this quarter’s gain is seen as negative…. This rally guarantees that Powell will monkey hammer markets on Friday… “most members worry that the inflation fight is far from over” August 23, 2023 9:58 pm
NY Fed Survey: Expected likelihood of becoming unemployed rises. Meanwhile, conditional on expecting an offer, the average expected annual salary in the next 4 months increased sharply to $67,416 from $60,310 in July 2022, a new record. Wages on offers up over 14% since July 2022, Inflation fuel! August 23, 2023 3:11 pm
Due to ongoing inflation, few Americans, including millionaires, feel assured about their financial situation. August 23, 2023 2:22 pm
UK: Cost of a weekly food shop has soared by more than a THIRD in just two years thanks to rampant inflation, adding £870 a year to a family’s bill August 23, 2023 9:13 am