Independent thinking for complex markets and current events
Call me crazy but I believe we are in the process of forming a major double top on Nasdaq. Valuations don't grow to the sky and the inflation problem is far from over. Today's weakness in megacaps despite the Fed pivot is the tell. pic.twitter.com/c2nPSjifJD — Otavio (Tavi) Costa (@TaviCosta) December 14, 2023 The reason …
“Kevin bought a basket full of groceries including a half-gallon of milk, orange juice, Wonder Bread, a Stouffer’s frozen turkey dinner, toilet paper, Snuggle dryer sheets, Tide liquid laundry detergent, plastic wrap, Kraft macaroni and cheese, and a bag of army men. He paid a grand total of $19.83 with a $1 off coupon for …
Americans' savings rates slid again in the third quarter, per Axios: pic.twitter.com/sBEvKXNTjn — unusual_whales (@unusual_whales) December 14, 2023 The economic landscape in the United States is becoming increasingly challenging as Americans grapple with a combination of dwindling savings rates, soaring restaurant prices, and a weakening U.S. Dollar Index ($DXY). The latest Consumer Price Index (CPI) …
I know it is not the news you want to hear, but US inflation is re-accelerating currently pic.twitter.com/C0vwCDdcCx — Andreas Steno Larsen (@AndreasSteno) December 13, 2023 https://t.co/pezK5BdS7P — Win Smart, CFA (@WinfieldSmart) December 13, 2023 Willem Middelkoop: Central banks and the revival of gold
In a distressing revelation, the Federal Reserve anticipates three rate cuts next year, acknowledging the challenge posed by persistent inflation. The economic engine falters as demand plummets for homes, vehicles, and goods, painting a grim picture of financial distress among Americans. Once deemed a lifeline, credit cards are now avoided, sinking below pre-pandemic levels. Soaring …
In straightforward terms, let’s address a pressing concern: Inflation is here to stay, and the US deficit is spiraling out of control. Despite Treasury Secretary Yellen’s reassurances, there’s reason to be uneasy about the mounting US debt. Facing the facts, $1 trillion-plus US budget deficits are becoming the norm, and federal projections paint a grim …
Fed holds rates steady, indicates three cuts coming in 2024 The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table for multiple cuts to come in 2024 and beyond. With the inflation rate easing and the economy holding in, policymakers on the Federal Open Market …
PENNSYLVANIA (WTAJ) — As 2023 comes to a close, a new report shows Pennsylvania has had the largest increase in grocery prices year over year. In Pennsylvania, we’ve seen inflation go a bit crazy and many people have felt it hit their wallets. https://www.yourerie.com/news/pennsylvania-news/pennsylvania-ranks-1-in-the-u-s-for-inflation-report-shows/
by Ron Paul President Biden recently repeated the claim that high prices are caused by greedy businesses. Biden is not alone in trying to gaslight the people into thinking price inflation is rooted in the actions of private individuals and not the fiat money system Americans have lived under since 1971. In the media we …
Biden Warns Companies To Bring ‘Prices Back Down’ Even as Inflation Persists The president touted the lower annualized inflation rate but blamed the companies themselves for higher prices, rather than government policies. This week, the White House announced the launch of a Council on Supply Chain Resilience, created with the hope to “strengthen America’s supply …
Gold may have hit an all-time high earlier this week but on an inflation adjusted basis it remains 20% below the 1980 peak pic.twitter.com/yKUScQ7laZ — Barchart (@Barchart) December 6, 2023 Poland bought 300t recently — Jan Nieuwenhuijs (@JanGold_) December 5, 2023 Moody's has cut China's credit outlook to negative. Moody's also recently lowered the United …
CPI = CPIie | Learn why 👀👇#MakeDataGreatAgain https://t.co/t5tzQzShwu — CJK (@CJKonstantinos) December 5, 2023
by Michael Do you believe the politicians in Washington or do you believe your own eyes? The politicians keep telling us that “inflation is low”, but everyone can see that everything sure does cost a lot more than it once did. Our standard of living just keeps going down, and even JPMorgan Chase CEO Jamie Dimon …
by TonyLiberty Talk about it to death without ever giving a solution, or having the power to actually carry out the solution, finally blame the reader. Next crisis comes along. Also media is owned by 1 company. Monopoly isn’t quite the right word for it. Megastructure seems more appropriate here. via theatlantic: You would think, …
Interest rate futures indicate expected rate cuts from March 2024, with a growing chance of cuts starting in January. Three weeks ago, markets anticipated an additional rate hike and cuts in June 2024; now, there’s a 2% chance of an extra hike and five expected rate cuts in 2024. Despite these market shifts, Fed Chair …
Authored by Charles Hugh-Smith via oftwominds, If your earnings rose by 34% from January 2020 to October 2023, congratulations, the purchasing power of your labor kept pace with higher costs. Official measures of inflation are a long-running tragi-comedy: comedic in the transparency of the distortions, and tragic in the consequences: what will you believe is true–the statistics …
by confoundedinterest17 Despite Biden/KJP’s ridiculous lies about about this Thanksgiving being the 4th “cheapest” in history, inflation while cooling is still way up under Biden. In fact, food prices are up 25% since 2020. Since 2020, US groceries are up 25%, used cars climbed 35% and rents roughly 20%. In 2020, a survey showed a …
WASHINGTON — President Biden acknowledged Monday that prices are still “too high” and argued that companies should lower them after an 18% jump in consumer costs since he took office. “We know that prices are still too high for too many things — that times are still too tough for too many families,” the 81-year-old …
An intriguing shift is observed among almost a third of millionaires in the U.S., who now identify themselves as part of the middle class, according to MoneyWise. A Bloomberg study further reveals that 25% of America’s “regular rich,” earning at least $175,000 annually, perceive themselves as “very poor,” “poor,” or “getting by but things are …
Japan grapples with a pivotal moment as its key inflation measure shows the first acceleration in four months, hinting at potential inflationary pressures. Simultaneously, the nation faces a persistent downturn in factory activity, marking the sixth consecutive month of contraction, intensifying speculation about the Bank of Japan’s imminent pivot away from NIRP (Negative Interest Rate …
Less quantity for same price = direct inflation. Lower quality for same price = indirect inflation. Inflation is far from being under control. Everywhere, everything is shrinking in size. Who knows what the annual Shrinkflation rate is? It seems to be quite substantial. Shrinkflation: Robbing Us Quietly in Back Alleys NOVEMBER 22, 2023 BY MICHAEL …
Its inflation rate was 7.4%. The CPI in October was 3.2%. Read more: https://t.co/ZPycAouGmh — unusual_whales (@unusual_whales) November 22, 2023
The war on inflation is over. We won, at very little cost pic.twitter.com/opumf3nEvL — Paul Krugman (@paulkrugman) October 12, 2023 McDonald's is no longer for us broke people 😳🔥👀 Probably a good thing. 🤮 pic.twitter.com/ATJqeN04DR — Wall Street Mav (@WallStreetMav) November 22, 2023 Biden: My plan is working. The plan: pic.twitter.com/OnKcpnTfN8 — Not Jerome Powell …
by DAVID HAGGITH While we are far from the hyperinflation some have predicted errantly for years, we are back to inflation getting hotter, and the market just got a tiny taste of that lingering spicy burn today with the release of the Fed’s minutes. Investors turned the minutes over and inside out several times looking …
by mrmrmrj Here are some recent “news” articles: https://www.cnbc.com/2023/09/08/apartment-rents-on-verge-of-declining-due-to-massive-supply.html Rents in August were just 0.28% higher than August 2022, according to RealPage. Compare that to a year ago, when rents were posting 11% annual growth. The number of new units being built is at a 50-year high, with more than 460,000 being completed this year …
CNN – Restaurant prices are way up. You might want to head to the supermarket. “If you’re watching your budget, it might be time to skip the drive-thru and head to the supermarket. In the 12 months through October, higher restaurant prices drove food prices above overall inflation, even as grocery prices were relatively low. …
by DAVID HAGGITH Photo by Sonder Quest on Unsplash David Rosenberg argues recession may already be here because Gross Domestic Income is already recessionary; but the only thing anyone is looking at, he says, is Gross Domestic Product. I’ve argued this point earlier this year, too. Rosenberg notes that significant difference between the two rarely ever exists, but the …
Inflation in essential areas, including car insurance, car repair, transportation, rent, homeowner costs, and food away from home, far exceeds the 3.2% CPI headline rate, challenging the notion of a broader decline in prices and signaling an ongoing affordability crisis for consumers. While CPI inflation is at 3.2%, inflation is much higher in many basic …
