A hub for independent voices and hard truths
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 …
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, …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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, …
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 …
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) …
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 …
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 …
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 …
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 …
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 …
by bitkogan I’ve already mentioned that the market’s enthusiasm about slowing inflation could be premature. Firstly, the year-over-year CPI growth in November-December may accelerate due to the fact that it’s being measured against the low base of 2022. The result …
Walmart ($WMT) experiences an 8% decline as CFO expresses concern over October trends, prompting a reevaluation of consumer health. The retail giant notes a significant sales drop in the last two weeks of October, and management remains cautious, acknowledging ongoing …
by qtrinh3 My fellow regards and market bulls. The headline CPI is 3.2% up YoY while core CPI (excludes energy and food) is up 4.0% YoY. Both beating market expectations and this means JPOW has shut the F**king Door on …
by DAVID HAGGITH Photo by Quan Nguyen on Unsplash While I’m going to wait until the weekend in my “Deeper Dive” to lay out what really happened in beneath the surface of CPI and what an outright lie that report is so that …
by confoundedinterest17 Gimme (inexpensive) shelter! The good news is that The Federal Reserve finally cooled inflation. Well, at least core inflation cooled to 4%, twice The Fed’s target rate. At least The Fed is making progress. But on the housing …
by Chris Black You can’t buy a standard menu meal under $12 at Wendy’s. A box of Corn Flakes with about five real servings is $6. Gasoline is still over $3.00 a gallon. Car insurance almos… Continue reading by subscribing. …
Summary: Inflation was flat in October from the previous month, providing a hopeful sign that stubbornly high prices are easing their grip on the U.S. economy. The consumer price index, which measures a broad basket of commonly used goods and …
The interest payments on the national debt alone used up 40% of all the money collected from individual income taxes in October. This means a significant portion of the taxes paid by individuals goes just towards paying the interest on …
via boredbat: The Fed keeps a close eye on several risks that could make its job of taming inflation even more difficult, such as red-hot consumer demand keeping some upward pressure on prices and the possible effects of geopolitical tensions …
