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According to consumer price index data from the Bureau of Labor Statistics, the national average rent now stands at $1,371. This increase in rent costs has put additional strain on renters’ budgets. In contrast, renters’ income has not kept pace with these rising costs. Between 2017 and 2022, the cost of …
Social Security cost of living adjustments (COLAs) and a number of other financial assets are indexed to inflation. That means they should rise in value hand-in-hand with your cost of living. Here’s why they don’t… From Peter Reagan for Birch Gold Group In previous articles, we’ve covered the topic of “why Social Security’s cost-of-living-adjustment …
Nvidia’s recent financial performance, exceeding expectations and raising guidance, has raised eyebrows due to its resemblance to revenue inflation tactics seen during the dot-com bubble. Company A buys GPUs from Nvidia. Nvidia buys cloud computing credits from Company A. Both companies report these transactions as revenue. Commitments to cloud computing …
Coffee making another run for all-time highs pic.twitter.com/wjNgaIknez — Barchart (@Barchart) May 29, 2024 Back in December – February not a single bank on Wall Street was close to the current market forecasts of just 1 rate cut in 2024 UBS even expected rate reductions of 2.5% (10 cuts equivalent) …
The recent surge in gold prices serves as a stark contrast to the cautious approach taken by wealth advisors, with a significant 71% allocating only 0-1% of their portfolios to the precious metal. What’s even more striking is the absence of any investors holding 10% or more in gold—an indication …
They are just employees. There’s currently a “method” going around for Chipotle, basically you film them while they make your food which makes them not skimp out on the portions because they don't want the bad publicity or reviews 😭😭😭😭 https://t.co/VU4NX7a9hz — FearBuck (@FearedBuck) May 26, 2024
by confoundedinterest17 Money, money! The various talking heads from The Federal Reserve keep jawboning about whether to raise rates or not. One of the major drivers of inflation is … money. M2 Money growth YoY is growing again (blue line)! And with it, inflation has been rekindled. Mortgage rates? There …
Shanghai and global freight costs are surging again. We just experienced one of the steepest 2-week changes in history. pic.twitter.com/voTvUgJDoa — Otavio (Tavi) Costa (@TaviCosta) May 21, 2024 Undoubtedly, still one of the most important macro charts of the upcoming decade. None of us own enough hard assets. pic.twitter.com/2yOT7AGFbN — …
via Reddit: Just a rant here. Whenever I’m scrolling through non-financial subreddits, especially the car subreddits, I find it amazing that so many people have a very poor grasp of how monetary supply, debt, and inflation works. All I read is about greedy corporations, greedy dealers and misplaced anger. Did …
From Peter Reagan for Birch Gold Group Every time the rate of inflation has been released each month over the last few months, the Biden Administration and some media outlets appear to claim economic victory. Here are just a few examples of many: The Washington Post published a headline: “Inflation Eased in October 2023” The Wall Street Journal couldn’t help but claim …
11% of Americans are on Food Stamps … But yeah, there is no recession … Everything is just hunky dory. 🚨🚨🚨 pic.twitter.com/fFb4ylz7LC — Wall Street Mav (@WallStreetMav) May 22, 2024 A wave of America’s retirees are dusting off their résumés and stepping back into the workforce, seeking financial stability as …
Paul Volcker says inflation is all about money supply good thing money supply is up $1 trillion in 7 months since Nov 1, 2023. No wonder there’s a speculative orgy in financial markets as well as reaccelerating inflation. pic.twitter.com/BHVqSX3Aht — The Punisher (of Wall ST) (@GregCrennan) May 22, 2024 pic.twitter.com/sQV3GffBuh …
It’s central banks overprinting. That’s it. https://www.heritage.org/markets-and-finance/commentary/inflation-whos-really-fault#:~:text=For%20centuries,%20economists%20have%20known,the%20brunt%20of%20this%20scapegoating. “For centuries, economists have known that reckless money printing causes inflation. And that inflation then causes higher prices, higher paper profits and higher paper wages.” Argue about it all you want, it won’t change the facts. h/t Poster Nutbag
by confoundedinterest17 I learn something new everyday. Like Biden yesterday claimed has was VP during Covid (uhm, Covid was in 2020 and Biden left the office of VP in 2017). But nothing gets in the way of Biden and a good story! Like his whopper that he inherited 9% inflation …
Gold, copper both at all time highs, every commodity exploding higher as inflation set to storm right back. pic.twitter.com/8vcunH1zAF — zerohedge (@zerohedge) May 20, 2024 JUST IN: Gold prices rise to a new record high of $2,450, now up 23% in just 3 months. Gold prices are now up 35% …
Despite ongoing consumer pessimism, spending remains surprisingly robust. Economist Joanne Hsu, director of the University of Michigan’s consumer sentiment survey, provided insights into this paradox, attributing it to a shift in consumer behavior driven by high prices and interest rates. Key Points Americans are abandoning traditional saving goals due to …
Supercore inflation CPI jumped AGAIN in April to 4.9%, the highest in 12 months. Core services less housing inflation is a key metric followed by the Fed, also known as Supercore inflation. Last month's surge has been largely due to a 22.6% spike in auto insurance, contributing… pic.twitter.com/DYzVtPL3AD — The …
Trigger Warning: Chart of the Day: Citi Surprise Index vs SFR9 My hypothesis is that the US economy has begun to slow due to the long and variable lags of monetary policy finally starting to offset the positive benefits that have come from higher government deficits putting… pic.twitter.com/KP9FXPKLqH — Craig …
BY DAVID HAGGITH We have long lived in a Fed-funded Wonderland where financial markets hope for bad news in order to rise because Fed rescues with helicopter cash have come to mean more than good business. Photo by Neil Mark Thomas on Unsplash On May 3rd, I wrote the following about how a …
The latest Consumer Price Index summary found that the cost of motor vehicle insurance rose 22.6% over the last year, according to the Bureau of Labor Statistics, while the overall rate of inflation for the last year was 3.4%. Notably, the index for transportation services also rose at an accelerated …
CPI Day! Keep an eye on Auto Insurance, it's currently the cause of nearly half of all annual Supercore inflation: pic.twitter.com/1w2iCSIFJp — Michael McDonough (@M_McDonough) May 15, 2024 Auto insurance rates in the US increased by 23% over the past year. That's the biggest 1-year spike since 1976. Video: https://t.co/SosH5NA4Ck …
Nevertheless, the latest numbers are a blow to Biden. A New York Times/Siena College poll released this week found that while most Americans consider the economy — namely jobs, and the strength of stock market — their top issue, inflation and the cost of living is also extremely important to …
China and India are stockpiling copper supply way above trend… pic.twitter.com/qlkTfgItxF — Jason Burack (@JasonEBurack) May 14, 2024 Marie Antoinette (I mean Jay Powell): "Inflation is re-accelerating, but at least immigration is preventing wages from keeping up with inflation. Let them eat bonds." https://t.co/drYYvgFYNz — Luke Gromen (@LukeGromen) May 14, …
by confoundedinterest17 Will The Fed keep on printing?? Ahead of tomorrow’s CPI, traders are eyeing this morning’s Producer Prices for any hints that the disinflation trend will return…or not. The answer is “not!” April Producer Prices rose 0.5% MoM (vs +0.3% exp), with March’s +0.2% MoM revised down to -0.1% MoM. …
by Michael I never imagined that we would ever see a time when it takes $177,798 for a family of four to live comfortably in the United States. Unfortunately, that day has arrived. Our leaders have been pursuing highly inflationary policies for many years, and now we have reached a point …
Brace for a housing market nightmare as the repercussions of a “trickle-down” effect reverberate across the rental sector, leaving high middle-income families priced out of homeownership and flooding the rental market in droves. With low rental vacancies and a fresh pool of high earners competing for limited units, the stage …
pic.twitter.com/VIDehkcPa2 — The Coastal Journal (@1CoastalJournal) May 14, 2024 Should we make and sell? “With inflation, Americans are just prone to suffer more” With powells face and a #EndTheFed https://t.co/WiYe8X9kkP — The Coastal Journal (@1CoastalJournal) May 14, 2024 FED TALK: POWELL •Inflation core inflation today at 2.8% •need to be …
The government’s decision to exclude essentials like coffee, tomatoes, and vegetable oil from inflation reports while highlighting trivial items like TVs is infuriating. This shift in focus downplays the real impact of inflation on everyday necessities. The government is removing essential items like coffee, tomatoes, and vegetable oil from the …
#recession … #GFC2 China #Consumer edition https://t.co/LFlIfgMRwb pic.twitter.com/NkpL5pBgUd — Invariant Perspective (@InvariantPersp1) May 11, 2024 🇨🇳 #China Consumer #Inflation Rises, Factory Price Drop Continues – Bloomberghttps://t.co/V5KF35Tuil pic.twitter.com/7GT29WWWIZ — Christophe Barraud🛢🐳 (@C_Barraud) May 11, 2024 China’s consumer inflation quickened in April, holding above zero for a third month, while industrial prices …
After a brief pause, freight costs started to rise once again. This Shanghai indicator typically precedes the global container index, which I suspect it will also experience an uptick. Indeed, this development is poised to exacerbate inflationary pressures worldwide,… pic.twitter.com/4G6t0RZh1P — Otavio (Tavi) Costa (@TaviCosta) May 9, 2024 Last week …