A hub for independent voices and hard truths
Inflation rates have slowed down somewhat, after having soared to record highs in recent years, but the damage to Americans’ purchasing power has been done — no matter how much you earn or what field you work in. In fact, a staggering 97% of jobs have failed to keep up …
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 ready to cut interest rates until they have obtained “greater …
By Martin Armstrong Treasury Secretary Janet Yellen once again is once again gas lighting the public to believe that the Biden Administration has inflation under control. When questioned about the rising prices at grocery stores, Yellen denied that prices have soared astronomically. “I think largely it reflects cost increases, including …
U.S. economy will be destroyed if countries stop trading in the dollar. Inflation will become uncontrollable, and the dollar’s value will plummet. BRICS nations plan to move off the dollar, potentially using their own or a new agreed-upon currency. Greene blames U.S. foreign policy for this impending crisis. Steve Bannon …
Fed Chair Jerome Powell expressed satisfaction with the progress on inflation but said he wants to see more before being confident enough to start cutting interest rates. “We want to be more confident that inflation is moving sustainably down toward 2% before we start the process of reducing or loosening …
The second wave of inflation is becoming increasingly evident. Global freight costs continue to rise relentlessly byu/RobertBartus inEconomyCharts
by confoundedinterest17 Hey big spenders (Biden, Congress and the 16 Nobel prize winning economists). June 25 (Reuters) – Sixteen Nobel prize-winning economists signed a letter on Tuesday warning that the U.S. and world economy will suffer if Republican presidential candidate Donald Trump wins the U.S. presidential election in November. The jointly signed letter, …
by Confoundedinterest17 Well, the Trump/Biden CNN Presidential debate was a disaster … for Biden. It was the worst debate performance I have even seen. Even worse was the “victory” party where Jill Biden treated President Biden like a little child being potty-trained and shreiked that all Trump does is L:IED. How strange …
Australia and Canada cut rates, now inflation is re-accelerating in both those countries. Europe cut rates, now stocks are imploding. China cut rates, now they're in recession. All U.S. investors want to know is why can't we cut rates too? pic.twitter.com/MNS8k7kIso — Mac10 (@SuburbanDrone) June 27, 2024 Ho lee fuk …
Voters are “Angry” about the economy as wages fall behind, inflation re-accelerates, and debt and multiple jobs are the only way to make ends meet. Washington has given up trying to fix it, doubling down on inflationary spending, mandates, and welfare. Praying media can… pic.twitter.com/m9ZXx5AnWX — Peter St Onge, Ph.D. …
The financial landscape is in turmoil: credit card interest rates have surged to an unprecedented 21.47%, while credit card debt has crossed the $1 trillion mark. Personal interest payments have climbed to over $500 billion, signaling a looming consumer crisis. With excess savings depleted, the consumer’s financial health is more …
BY DAVID HAGGITH So many pitiful people couldn’t see the price waves that are already coming, even if one slapped them on the behind. Photo by Stephan Holzinger on Unsplash Even with… Continue reading by subscribing. Username Password Remember Me Forgot Password
JPMorgan Chase CEO Jamie Dimon recently issued a stark warning about the potential for a “hard landing” for the U.S. economy. He cited concerns about stagflation and persistent inflation. Dimon made these comments during an interview with CNBC at the JPMorgan Global China Summit in Shanghai. The economic environment is currently …
According to recent surveys, approximately 36% of Americans earning at least $250,000 a year claim that they are living paycheck to paycheck. This finding highlights how rising inflation is impacting households across the spectrum throughout the country. However, it’s essential to consider the nuances: some high earners may allocate disposable income toward …
The impact of inflation has been particularly challenging for middle-class Americans. As prices surged, their income growth failed to keep pace, resulting in a strain on their ability to maintain their desired lifestyle. In fact, 72% of middle-income families now report that their earnings are falling behind the cost of living, up …
BY DAVID HAGGITH The Fed has stated clearly now that it needs several more months before it will believe inflation is actually falling again, and this article explains clearly why that is. The two major factors that gave a tiny drop in CPI last week were oil and softening housing …
For the 38th consecutive month, CPI came in above 3%. That’s the longest period of high inflation since the late 1980s to early 1990s. byu/Perfect_Alarm_2141 ineconomicCollapse The Consumer Price Index (CPI) has been on the rise. As of April 2024, the CPI in the United States has been consistently above …
Yields eventually will rip higher due to issuance not inflation — QE Infinity (@StealthQE4) June 14, 2024 BOSTON (Reuters) – U.S. bond market participants are worried market liquidity will keep deteriorating as the U.S. Treasury continues to issue large amounts of debt to back deficit spending while dealers struggle to …
Its almost like government spending is directly tied to inflation. The inflation rate in Argentina has fallen for its 5th straight month: 25.5% when Milei took over. 4.2% now. pic.twitter.com/6UF52UnbYe — End Wokeness (@EndWokeness) June 14, 2024 They actually came up with the idea that lowering inflation is bad because …
US Supercore inflation increased 5.0% year-over-year in May, its highest level since April 2023. Supercore inflation is a key metric the Fed follows which includes core services inflation less shelter. Over the last 8 months, it has seen a significant increase from ~3.8% in October. This is despite core CPI …
It may look like good news and the media will slant it to a FJ Biden win – but the reality isn’t price reductions – its a complete slow down of the economy. I am in construction and I can say that bid activity – there are no bids going …
Endless spending and low interest rates resulted in 40-year high inflation. Now, over half of American adults believe we are in a recession. Even with endless deficit spending, consumer sentiment is horrible. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) June 10, 2024 …
BY DAVID HAGGITH Photo by Chandler Cruttenden on Unsplash A few small things settled in a direction that could give Powell a chill that causes him to shift from battling inflation to driving it back up nice and hot, just as stock investors and bond investors are back to hoping he will do. …
https://twitter.com/RJRCapital/status/1798703003391980014 The European Central Bank (ECB) recently made a decision to cut interest rates by 25 basis points. Specifically, the main interest rate was reduced to 3.75%, while the main refinancing rate and the marginal lending facility rates were also adjusted. B/c the two are related… https://t.co/5GohABBJJj — E.J. Antoni, …
The dreaded stagflation. Govt spending can’t cure it. The only fix is to purge the economy with fire and let bloated businesses go bust which no govt will allow to happen. So they’ll fight it with even more debt and only make the final result worse. h/t Perfect_Alarm_2141
🚨BANK OF CANADA CUTS RATES🚨 Why does this matter? They did so in the face of persistent shelter inflation In Canada in March, shelter prices increased by 6.5% year-over-year, with rent increasing by 8.5% THEY CUT ANYWAY. America, your move next 🇺🇸 https://t.co/dT8nXxwplx — Amy Nixon (@texasrunnerDFW) June 5, 2024 …
via Daniel Lacalle The long-term forecast for higher interest rates, according to Treasury Secretary Janet Yellen, makes it more difficult to control US borrowing needs, which emphasizes the significance of raising revenue in the forthcoming budget talks with Republican lawmakers. There is only one problem. She is wrong. According to the Congressional Budget …
In early March, U.S. banks faced substantial unrealized losses, ominous figures hinting at potential disaster. At the end of 2022, these losses hit $1.7 trillion, nearly matching the total equity of U.S. banks, which stood at $2.1 trillion. Rising interest rates slashed the value of assets like U.S. Treasuries and …
by confoundedinterest17 Call it Washington DC soullessness. Back in 2023, Socialist Paul Krugman declared that “the war on inflation is over!!! “We” won, at very little cost.” I love when elitists claim “We won!” since clearly 99% of Americans lost since food, housing and car prices up are double digits under Biden. …
