Independent thinking for complex markets and current events
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 could come as an unpleasant surprise to many. Secondly, even if the Federal Reserve does …
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 strain on consumers. Despite inflation easing towards 3%, the lingering impact is evident, compounding on …
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 Inflation right? Right? US CPI October 2023 Wrong!!!! The US CPI uses a flawed method …
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 I can let my head cool before writing, I’ll note that one normally soft-spoken economist …
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 front, shelter CPI is still up 6.7% YoY while transportation services are up 9.2% YoY. …
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 almost costs as much per month as the car you’re insuring. Health insurance costs more than a $350k house. Forget …
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 services, increased 3.2% from a year ago despite being unchanged for the month, according to …
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 the money the government has borrowed. The US Treasury is now spending almost twice as …
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 in the Middle East on oil prices. But the US central bank also pays close …
The second inflation wave will come when CBs launch the next round of QE to save the system with record high public deficits and most of the people working employed by the public sector producing nothing, people will completely lose their trust in govt currencies. — Gerardo Moscatelli (@gemoscatelli) November 13, 2023 The forthcoming second …
Under Justin Trudeau’s lengthy leadership, Canada grapples with an infuriating reality: a shocking 2 million people now rely on food banks in a single month. These startling numbers showcase the escalating economic hardships faced by countless Canadians. Trudeau’s era has seen the worst inflation rates in four decades and the fastest surge in interest rates …
The New York Times reveals a startling truth: while official inflation rates have fallen this year, the prices of most goods and services have not actually decreased, only the rate of increase has. This deception results from the U.S. government altering inflation calculation methods multiple times since the 1970s, aiming to present a lower official …
The current economic landscape is giving rise to growing concerns, with labor market deterioration, tightened lending standards by banks, and persistent inflation creating a potential stagflationary environment that could impact consumers’ purchasing power and lead to an economic slowdown. This situation, where interest rates rise while prices surge, is beginning to resemble past scenarios that …
Higher deficits & unemployment, more govt borrowing, more money supply, more inflation… And the US wants to wage war in Ukraine & a Messianic one in the middle east? China sees the US Empire over-extended, & will soon heat-up the South China Sea…https://t.co/kSQOeRIsfH — St. Aubrun (@st_aubrun) November 2, 2023 FED'S POWELL: WE ARE NOT …
The average US family health insurance premium increased from $5,790 in 1999 to $21,463 in 2022. That’s a 288% increase, or 6.4% per year, which is 2.5x higher than the overall rate of inflation (CPI) during this period. Video Discussion: https://t.co/ASUJslHm8T pic.twitter.com/fIP9x91PUy — Charlie Bilello (@charliebilello) November 1, 2023 pic.twitter.com/sfrbgx52ND — Charlie Bilello (@charliebilello) November …
by DAVID HAGGITH I think Fed Chair Jerome Powell is making a mistake about inflation today just like he did at the start of inflation when he repeatedly said it was “transitory.” He is no smarter about inflation now than he was then, and there is no reason to believe he would be. Why would …
Higher US debt deficits can potentially contribute to inflation if the government resorts to printing more money to cover its deficit, which can increase the money supply and, in turn, lead to rising prices. Prominent figures like former Treasury Secretary Larry Summers and investor Stanley Druckenmiller are sounding alarms about the unprecedented economic challenge the …
The only thing Biden & Co. can do is come up with catch-phrases. – Americans SUFFER with #inflation and a coming #recession. – HUGE layoffs around the corner as job loss numbers increase.-Staggering figures reveal 1.2 MILLION US-born workers lost their jobs last month. They… pic.twitter.com/lDTw7Ejkiz — Kurt Schemers (@KurtSchemers) October 26, 2023 We …
KFC Seattle Wa 8pc $32 12pc $46 16pc $60 – 8 piece Tenders $32.00! KFC Seattle Wa8pc 12pc 16pc$32 $46 $60 https://t.co/SEJrww8i97 pic.twitter.com/XDpyxyyleB — Dagnum P.I. (@Dagnum_PI) October 30, 2023 Big Mac Combo meal $17.59, Medium Coke $3.99 Connecticut This was at a rest stop, but these McDonald's prices are nuts right??? pic.twitter.com/0qq8Ima3ZA — Sam …
Housing experts predicted housing supply wouldn’t rise due to low mortgage rates, but people will sell homes to combat inflation. The need for cash as inflation continues to soar will have people fire selling their assets as @Redfin states below with people and their houses but the problem is demand for housing continues to collapse …
via naturalnews: For Wolf Richter, publisher of finance and econ site Wolf Street, the long-term treasury market is finally waking up from its delusion that the Fed is going to gradually cool inflation to its target of two percent. It is also finally admitting it cannot normalize interest rates after having spent 18 months believing in the …
https://twitter.com/BeRuzzia/status/1718131312219824235?ref_src=twsrc%5Etfw Russia’s Central Bank on Friday raised its key interest rate by two percentage points to 15 percent, a bigger increase than expected as the bank said it was trying to bring down stubbornly high inflation. The central bank, which said the annual inflation rate would range from 7 to 7.5 percent this year, …
by DesmondMilesDant The data released by the US Bureau of Economic Analysis on October 26th showed that real GDP growth in the third quarter was 4.9 percent, 0.5 percentage points below the final GDPNow model nowcast released on October 25th. This suggests that inflationary pressures may be starting to build in the economy and could …
by confoundedinterest17 Biden’s leading “economist” Lael Brainard loves to brag about the strong economy under Bidenomics, and then pulled a brain freeze when asked about crashing savings rates as consumers struggle with inflation. The good news? One of The Fed’s favorite inflation indicators – Core PCE Deflator – slowed to 3.7% YoY in September (its lowest …
This is what happens when inflation isn’t controlled quickly Argentina’s central bank hiked rates by a staggering 1500 bps to 133% this month The shocking part: Inflation STILL remains above rates with the latest figure coming in at 138% pic.twitter.com/FJdyKqiMdK — Bravos Research (@bravosresearch) October 26, 2023 Japanese Yen just broke 150:1 USD ratio despite …
Young people now fear inflation more than climate change as rising prices and falling wages make the lifestyle they grew up in unattainable. Many feel like they've been played after growing up in a 4 bedroom house their parents owned and now living with roommates in their 30's… https://t.co/CO5Ft6o4JI — Wall Street Mav (@WallStreetMav) October …
Retail beef prices in the U.S. are at record highs, pushing up prices of beef-based products from burgers to steaks and steak tartare. That’s largely thanks to a shrinking cattle supply, as well as higher input costs, market watchers told CNBC. And they don’t expect it to ease any time soon. Cattle herds in the …
by ChampionshipUsed9855 Long-term Treasury rates increased from 3.5% to 5% during last 6 months. It may push long-term inflation above current expectations. US government has debt of 120% GDP and duration of 7+ years, therefore this 1.5 percent increase in long-term interest rate will increase interest payment by 1.8% GDP. It may look tiny, but …
