A hub for independent voices and hard truths
by Michael If you are like most Americans, the cost of living has been going up much faster than your income has been. Right now, millions of Americans that were once prospering are now deeply struggling. When I was growing up, most of the population could afford to live “the …
Is the Fed heading towards another monetary policy mistake? "Perhaps, the Fed has no idea what is going on and their past policy mistakes can be taken as proof. If they indeed have no clue, how can anyone trust them?" 👇https://t.co/5SUCjKpcmZ — Global Markets Investor (@GlobalMktObserv) May 4, 2024
by confoundedinterest17 I doubt if Biden really understands what he is saying. He simply reads (badly) off a teleprompter. Biden has repeatedly claimed that no new taxes on anyone making less than $400,000. Remember, he has repeatedly said “You have my word as a Biden.” Which is worthless, by the way. …
https://finance.yahoo.com/news/homebuyers-need-to-earn-80-more-than-they-did-in-2020-to-afford-a-home-in-todays-market-090055980.html They can redefine recession, change how and what CPI numbers measure, but they can’t redefine prices without actually putting more buying power into wallets. At the end of the day, manipulating reported numbers is just covering up for a problem that will get worse the longer it is swept …
BY DAVID HAGGITH Because it has to be in order to fund Bidenomics. As Powell clasps his hands in desperate hope without any evidence to back his hope, the US Treasurer today, like the Treasurer in yesteryear, is giving a solid thumbs-up to his plan, which is already accomplishing everything …
So a hawkish message, maybe asset price inflation really translates into a positive wealth effect which accelerates inflation.. https://t.co/k7QhinBEIp — The Macro Guy (@SagarSinghSetia) May 3, 2024 Home prices in the US have hit new all-time high, per MW. — unusual_whales (@unusual_whales) May 3, 2024
The Federal Reserve’s recent admission about inflation has sparked concern among the economic community. The central bank has acknowledged its inability to control rising prices, which has significant implications for the American economy. In a departure from previous projections and predictions, the Fed has conceded that inflation will likely persist …
In a delicate balancing act, the Federal Reserve chose to keep its benchmark interest rate steady, resisting the pressure to cut rates as the economy faces cooling growth alongside persistent inflationary pressures. As households and businesses await the central bank’s decision, the stakes are high, with implications for borrowing costs, …
via SCHIFFGOLD The wizards at the Fed and US Treasury have been forced to acknowledge that their “transitory,” inflation is, in fact, quite “sticky.” And with the inflation elephant now acknowledged by the circus of high finance, Treasury yields keep inching up, recently reaching 4.7% — the highest since November. The Fed is stuck: It needs to raise …
Series I bonds, an inflation-protected and nearly risk-free asset, will pay 4.28% through October 2024, the U.S. Department of the Treasury announced Tuesday. The latest I bond rate is down from the 5.27% yield offered since November. Short-term investors have more competitive options for cash. But the fixed rate could …
Unprecedented disparity emerges between French CPI and PPI, with the latter contracting to levels resembling 2008. Meanwhile, Italy experiences a decline in its inflation rate, recording a growth of 0.2% in April, below market expectations, signaling potential economic challenges ahead. A larger gap between French CPI & PPI (Y-o-Y %) …
Keep in mind they’re assembled in Mexico, and the Japanese Yen is it’s lowest compared to the dollar since 1990. Always a pleasure joining the incomparable @LizMacDonaldFOX on @EveningEdit, this time discussing the Biden admin's proposed tax hikes, inflation, skyrocketing interest on the debt, bond markets, and more: pic.twitter.com/1ekcexpVpv — …
For many Americans, the Biden Presidency has brought with it a feeling of déjá vu. Iran is back in the headlines, prices at the gas pump are causing sticker shock, and inflation is at the top of everyone’s minds. The last time inflation was this high was shortly after President …
Amidst plummeting real GDP and soaring inflation, Americans face a grim reality of diminishing purchasing power and rising debt burdens. As savings rates hit record lows and credit card delinquencies soar, the economic strain becomes increasingly palpable, sparking concerns over financial stability and future prospects. I don’t know who needs …
In a dramatic turn, interest rate futures now forecast less than two rate cuts for the entirety of 2024, a stark departure from earlier projections of six to eight reductions beginning in March. This shift in sentiment reflects growing uncertainty as CPI inflation consistently exceeds expectations, prompting cautious anticipation of …
The intricate dance between economic indicators unveils a sobering reality: as US government debt skyrockets, Gold emerges as a beacon of stability, outperforming Bonds in a landscape of uncertainty. With national gasoline prices surging past $3.70 per gallon amid persistent inflationary pressures, concerns deepen over the prospect of breaching the …
Last year’s warnings echo louder as M2 data forecasts inflation surge, dismissing deflation fears. In Florida, over half of renter households strain under excessive rent burdens. Brace for wealth erosion as Biden’s historic Capital Gains Tax proposal looms, while gold’s ascent prompts speculation of $3,000 per ounce. In situations where …
With small business optimism plummeting to an 11-year low, exacerbated by surging inflation and a shrinking labor force due to post-COVID government benefits, concerns mount about the economic landscape. As rents rise, hiring plans falter, and easy money policies end, a challenging environment emerges where success becomes increasingly elusive. Small …
Amid market uncertainty, retirement funds opt for safer bonds, while global managers increase commodities exposure to hedge against volatility. Amid market uncertainty, retirement funds opt for safer bonds, while global managers increase commodities exposure to hedge against volatility. Meanwhile, despite significant Federal Reserve rate hikes, US “super-core” inflation is surging, …
Authored by Brandon Smith via Alt-Market.us, One of the more difficult aspects of working in economic analysis is the problem of rampant disinformation that you have to dig through in order to get to the truth of any particular issue. In this regard, economics is very similar to politics. The propaganda …
Barron’s (via MSN), Released on 4/16/24 “Last year, rebounding supply supported U.S. growth in spending and also employment, alongside a considerable decline in inflation,” Powell said on Tuesday. “The more recent data show solid growth and continued strength in the labor market, but also a lack of further progress so …
Numerous commentators—especially those defending President Biden’s economic record—have puzzled over why Americans are sour about the state of the U.S. economy. Unemployment rates have returned to pre-pandemic lows, commentators correctly point out, and the official rate of inflation is declining. So why are Americans ignoring the view of many experts …
As Congressman Jim Clyburn seeks to downplay inflation concerns, attributing them to social media disinformation, a stark reminder of the gravity of the situation interrupts the narrative. Just as his words reach the airwaves, breaking news shatters the illusion, revealing yet another surge in inflation rates, painting a picture of …
Consumer prices in March rose 11% m/m versus est. 12.1.% Argentina central bank cut benchmark rate Thursday to 70% Monthly inflation in Argentina slowed more than expected in March, cooling for the third straight print as President Javier Milei’s austerity hurts consumer spending. Consumer prices rose 11% from February to March, less than …
via Mike Shedlock Let’s check in on the not exactly impressive energy and inflation results of Biden’s Inflation Reduction Act (IRA). Data from the BLS, chart by Mish Biden’s energy policy has been an inflationary disaster. And make no mistake, the IRA was nothing but energy policy, more precisely, climate …
The Fed might have to self-induce a recession if it wants to reach its target inflation rate, a BMO strategist said. Ian Lyngen told Bloomberg TV that the Fed might find its current monetary policy to not be restrictive enough. Markets have given up hope for a rate cut in …
by confoundedinterest17 Despite Biden’s rambling that inflation is improving, bear in mind that the inflation rate is at it highest in 50 years. Yes, it has improved from 18% in 2022 to above 10% today. A recent research paper by four noted economists, including Larry Summers, the former Treasury Secretary …
https://twitter.com/Willhappen411/status/1778727446147207511 Energy prices, particularly the cost of electricity, have skyrocketed since President Biden took office, outpacing inflation and putting a dent in Americans’ wallets. Since January 2021, electricity prices have soared 29.4% — 50% more than overall inflation — rising 13 times faster than the previous seven years, according to …
China’s latest inflation figures signal ongoing economic challenges, with consumer prices barely positive and producer prices continuing to decline. The consecutive drop in GDP deflator for three years raises concerns about the economy’s trajectory, while central bank purchases drive a rally in gold prices. China #PPI #Deflationary 📉 💀https://t.co/iJ1xH9UGNO — …
