A hub for independent voices and hard truths
To an economist looking at the government CPI report that came out Tuesday, it is clear that inflation is receding. Over the past 12 months, the overall CPI is up 3.2%, far below the peak annual rate of 9.1% seen in the summer of 2022. The co-called “core” rate, which …
Fed Chair Powell is kicking off the Q&A portion of his press conference now. Even as inflation has been reaccelerating, the Fed doesn't seem to concerned. A long pause still seems to be needed right now. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter …
by Phoenix Capital Research I’ve previously explained in great detail that the official inflation measure, the Consumer Price Index or CPI, is massaged to the point of being a work of fiction. Among the more egregious gimmicks employed by the BLS: Data collection consists of surveys with low response rates. …
Agricultural commodities just surged above the Russian invasion levels, reaching near-decade highs. This surge is expected to have significant implications for inflation in the global economy, potentially driving food prices substantially higher. It's worth noting the strong… pic.twitter.com/nkrKO7bs5D — Otavio (Tavi) Costa (@TaviCosta) March 15, 2024 Biden’s administrative decisions fuel $700 billion …
from Kerry Lutz’s Financial Survival Network Kerry and John Rubino take a dive deep into a myriad of pressing issues shaping our world today. From the recent upsurge in Bitcoin prices to the intricate future of cryptocurrencies, this discussion covers the essentials of today’s economic landscape. Discover the experts’ takes on the current …
Treasury Secretary Janet Yellen said she regrets describing inflation in 2021 as “transitory,” the term several Federal Reserve and Biden administration officials used to describe the pandemic-induced price surges they initially thought would be temporary. “I regret saying it was transitory. It has come down. But I think transitory means …
By Graham Summers, MBA Well, it’s finally happening! Throughout 2023, I warned that inflation was not really disappearing from the financial system. Time and again I noted that the ONLY data in the inflation measure that had declined was energy prices. This trend continues to this day, by the way. See for …
CNBC expert: “illegal immigration is great for the US”, it “helps fight inflation” by lowering everyone’s wages CNBC expert: "illegal immigration is great for the US", it "helps fight inflation" by lowering everyone's wages — zerohedge (@zerohedge) March 15, 2024
Been saying this for several months now. The Fed didn't finish the job. They got spooked in late October (along with Treasury) about the rise in yields and term premiums and thus orchestrated a significant loosening of financial conditions to help the US govt finance its… https://t.co/5lMScZGtDD — Craig Shapiro …
In the heart of San Francisco’s Mission District, a beloved taqueria is grappling with the tough decision of doubling its prices. La Vaca Birria, known for its mouthwatering beef burritos, faced the dilemma of staying afloat in an era of rising costs. Ricardo Lopez, the owner, recently addressed a customer’s …
BY DAVID HAGGITH There is nothing like burning up money! It was no prediction when I implied yesterday that that stock market would likely rise after getting word of hotter inflation today—just a penetrating glance into the obvious: Markets await the reports with bated breath. Still, stocks and bonds have both been …
Ikea says it plans to expand its price cuts into 2024 across all of its markets globally, aiming to dial back price increases that were introduced in 2022. The price cuts have led to an increase in customers and more products have been sold worldwide, according to Tolga Öncü, head …
Current Inflation Track Compared to the 1970s – higher rates and bank chaos ahead. byu/j_stars inWallstreetsilver BREAKING: February CPI inflation rate RISES to 3.2%, above expectations of 3.1%. Core CPI inflation fell to 3.8%, ABOVE expectations of 3.7%. This is the 35th consecutive month with inflation above 3% and second …
US CPI MOM ACTUAL 0.4% as well as core 0.4% annualized is 4.8% No where near 2% As the Fed has failed to get inflation back to “normal” for 3 years now Americans are the ones that pay the price literally! pic.twitter.com/1ptVRB0bkF — The Coastal Journal (@1CoastalJournal) March 12, 2024 …
The share of people who withdrew from their 401(k) for financial emergencies surged to a record high in 2023 as Americans looked to counteract rising prices and shrinking paychecks, according to The Wall Street Journal. Around 3.6% of 401(k) participants at investment manager Vanguard Group pulled money from their account, …
“Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a …
Big day for the markets tomorrow Inflation numbers come out at 8:30am EST Previous reading = 3.1% Predicted reading = 3.1% pic.twitter.com/ppUYbp9G8D — Bravos Research (@bravosresearch) March 11, 2024 Shorts are covering ahead of CPI tomorrow. However, CPI last month was the heaviest selling down day of 2024. pic.twitter.com/dly12gIaag — …
CNBC, Released on 3/6/24 Mohamed El-Erian, Allianz chief economic advisor and president of Queens’ College, Cambridge, joins ‘Squawk Box’ to discuss the state of the economy, the Fed’s interest rate path outlook, latest market trends, and more.
John Boyd Jr., founder of the Black Farmers of America, and Shad Sullivan, a rancher in Texas, recently spoke on “The Ingraham Angle” about the damage globalist “green” policies and inflation are causing to U.S. agriculture. Sullivan pointed out that global elites are pushing for sustainability, which is just production …
From Peter Reagan for Birch Gold Group It’s quite possible that economic conditions are bad enough that price inflation will continue to persist, much like it did in the 1970s, and well into the 1980s. In fact, three years into President Biden’s first term Americans are still spending a greater percentage of their income …
A second wave of inflation in the making. Today's report unveiled the largest positive surprise in personal income since the surge in consumer prices began in 2021. While many investors and policymakers still view this issue as cyclically contained, the nature of inflation… pic.twitter.com/W4fbuZgHLF — Otavio (Tavi) Costa (@TaviCosta) February 29, 2024 …
by confoundedinterest17 Well, this might keep The Fed talking heads up at night. Over the past year or so, the Fed has been intensely discussing inflation in “core services,” which is where inflation had shifted to in 2022, from goods inflation which had spiked into mid-2022 but then cooled dramatically. …
BY DAVID HAGGITH If inflation screams and no one hears it, does an airplane fall in the forest? That’s a good question for today. Inflation ripped upward, and the stock market shrugged it off as if it heard nothing, while a good part of the media reported satisfactory results … …
Millennials Are Losing Their Cars. Billing disputes surged year-on-year among Gen X and Millennials, LegalShield said, who have experienced a 96 percent increase in billing inquiries. Calls are up across the board as well, with a 53 percent increase among all LegalShield members, indicating a broader rise in billing-related issues. …
By Martin Armstrong Statistics Canada reported that inflation slowed in January to 2.9%, beating expectations of 3.3%. So why are Canadians still struggling to afford basic necessities like rent and food? Mortgage interest costs remain the top noted driver of inflation after rising 27.4% YoY, while rentals increased 7.9% during …
With inflation nearing 30% and its currency hitting an all-time low, Nigeria is facing one of its worst economic crises in years. The latest data from the National Bureau of Statistics on Thursday showed that the headline consumer price index (CPI) rose to 29.9% year-on-year in January, its highest level …
BY DAVID HAGGITH Photo by Charlotte Harrison on Unsplash Today’s news is so flooded with stories that show the trends I’ve teen warning about that I can’t even begin to cover them all in the time I have to read through the news, organize it and then write an editorial. So, I’m going …
by Phoenix Capital Research Inflation is going in the wrong direction again… and that is BAD news for stocks. If you’ll recall, the primary driver of the recent rally in stocks was the Fed suggesting that it would soon begin cutting rates. Indeed, it was a speech by Fed Governor …
by confoundedinterest17 The Federal Reserve (aka, The Keep) is back in the saddle again. The Fed has been unable to control inflation since Federal government spending was so fast and furious after Covid that little thought was given to the long-term ramifications of insane spending. Not to mention The Fed’s overreaction to …
