Independent thinking for complex markets and current events
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. So “core services” is where …
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 … but not everyone because some …
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. John Saltarelli, a LegalShield provider …
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 the same period. Bank of …
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 since 1996. The surging cost …
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 to go through them in …
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 Waller concerning that exact topic …
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 Covid. Example? Home price growth …
Regardless what politicians and central bankers say, they need inflation, otherwise the system would collapse under weight of debt and interests pic.twitter.com/EcCacNpwXB — Michael A. Arouet (@MichaelAArouet) February 16, 2024 PPI Inflation was Above Expectations pic.twitter.com/AyjoE7Zc63 — Disruptor 📼 (@DisruptorStocks) February 16, 2024 Spring is Coming Mortgage Rates still 7.14% pic.twitter.com/BQL6M5IUdR — Disruptor 📼 (@DisruptorStocks) …
No joke. He really thinks you are that stupid, America. After driving up the price of food 33 percent in three years thanks to his disastrous inflationary policies, Joe Biden is portraying himself as standing up for the little guy by attacking the snack food industry over “shrinkflation”, selling smaller packages at the same price …
by confoundedinterest17 As some fans celebrate the Kansas City Chiefs Superbowl victory over the San Francisco 49ers (the game was so much like bread and circuses from the Roman Empire except for who is being thrown to the lions), we have been distracted from the horrible state of the US economy. Just review that horrible December …
via naturalnews: Twelve Republican state agriculture commissioners have sent a letter to six of America’s largest mega-banks letting them know that the relatively new trend of ESG (environmental, social and corporate governance) investing threatens to disrupt the nation’s food supply while increasing the price of food. Bank of America (BofA), Citigroup, Goldman Sachs, JPMorgan Chase, Morgan …
Yellen: we don't have to get prices down because wages are going up — unusual_whales (@unusual_whales) February 8, 2024 Drewry’s World Container Index dropped by 1% to $3,786 per 40ft container this week (everyone seems focused on this) That said…if you are in the US …this should be your concern …rates are not dropping to …
#Trump seems to believe that #inflation is a problem because the U.S. isn’t drilling enough #oil. If Trump doesn’t cut government spending, something he failed to do during his first term, inflation will get much worse under his presidency, no matter how much oil we drill baby. #Trump seems to believe that #inflation is a …
The USA is currently experiencing the longest and steepest yield curve inversion in recorded history between the 10-year Treasury Note and 3-month Treasury Bill. Historical data shows that such inversions have preceded economic recessions. The prolonged inversion is seen as “smart money” signaling skepticism about the Federal Reserve’s narrative on inflation. This skepticism raises questions …
As inflation and steep interest rates persist, Americans are accumulating more credit card debt, with the New York Federal Reserve Bank’s Quarterly Report on Household Debt and Credit expected to reveal a new record exceeding $1.08 trillion. Despite Fed Chair Powell’s assurance that another real estate-led banking crisis akin to 2008 is unlikely, he anticipates …
by confoundedinterest17 Hey Joe! Food inflation isn’t dead yet! The Biden Administration which motto should be “Make Crime Great Again!” with awful crime in big cities, and millions pouring over the border, not to mention providing jobs for foreign workers and not native born Americans, is likely breathing a sigh of relief as food inflation falling to …
via Mike Shedlock As the inflation, deflation, disinflation debate rages, with Fed rate cuts in the balance, let’s discuss some of the forces in play. The above image is from a Tweet that inspired this post. Biden's 'McFlation' 👇 https://t.co/pTkizG9rLT — Sean Hannity 🇺🇸 (@seanhannity) February 2, 2024 Leo Terrell comments ‘McFlation’: $7 Egg McMuffin At …
by confoundedinterest17 Treasury Secretary Janet Yellen just admitted what the rest of Americans already knew: high prices are here to stay. Example? Food prices (CPI) are up over 20% under Inflation Joe while gasoline prices are up 38% under Clueless Joe. On the housing front, the Case-Shiller National Home Price Index is up 33.2% under …
Oh, what a surprise! Joe Biden getting “slammed” over his inflation claims? Never saw that coming. View post on imgur.com Inflation is coming down. It’s now lower in America than any other major economy in the world. And the costs of essential items including gas are coming down too. — President Biden Archived (@POTUS46Archive) January …
via Mike Maharrey: It appears more and more likely that the Federal Reserve is poised to completely abandon any pretense of fighting inflation, despite the fact CPI remains well above the 2 percent target. The Fed has already paused interest rate hikes, and most analysts expect rate cuts later this year. Now, the financial news networks …
It will be better for the market if the issues are settled and finished soon. We have good Greens recently showing more than 75% of SPXTOP300 closed in gains. The issues and oil spike can widely impact the rally that we are enjoying. h/t Andy_Sing
by confoundedinterest17 Americans are addicted to gov. And government is addicted to spending (and creating more debt). Let’s look at wage growth for government apparatchiks relative to private sector workers. While wage growth overall was modest, it is government wage growth that is driving it – now at a record high! Source: Bloomberg And on the back …
The Yahoo Finance article sheds light on a concerning decline in consumer confidence, especially among American families earning under $100,000. While the inflation rate has ostensibly dropped to 3.4% in December 2023 from a peak of 7.2% in December 2021, the alleviation is not translating into relief for many households. The culprit? Skyrocketing interest rates. …
HERE WE GO AGAIN? ‘Bidenflation II: Fiscal Boogaloo’ Another Sequel Nobody Asked For. Just when wages were finally starting to catch up with Biden’s first round of inflation, too. If there’s any good news to be found in this mess — and you really have to squint to see it — it’s that the job market …
In a surprising turn of events, a recent Harvard CAPS-Harris poll reveals that immigration has taken the lead as the primary concern for voters, surpassing even the persistent worry of inflation. With 35 percent of respondents pointing to immigration, this marks a significant 7 percentage point increase compared to the previous month. The poll also …
They say ‘What happens in Vegas stays in Vegas’ – but the eye-watering auto insurance bill city resident Simon Edwards recently received is just one example of the staggering rises in premiums consumers are facing all across the US. The 2012 Mazda 5 owner was shocked to find his monthly bill from Geico had rocketed …
In a surprising turn of events, UK inflation has accelerated for the first time since February of the previous year, according to official data released by the Office for National Statistics on Wednesday. Consumer prices in December rose by 4% compared to the same period a year ago, surpassing the November rate of 3.9%. Economists …
From Peter Reagan at Birch Gold Group After 3 years of relentless (sometimes historic) inflation, it’s about time some good news made its way through the economic carnage. Some categories of goods have finally moved into deflationary pricing. That is, a handful of items are starting actually decline in price. Better late than never, even though all consumer price inflation isn’t deflationary just yet. Finally, a few …
