Independent thinking for complex markets and current events
Guest Post by Charles Hugh Smith from his blog, Oftwominds.com: Value varies. Invest in what’s valuable. It’s a well-recognized human bias to feel losses more acutely than gains. Perhaps something similar occurs with inflation. As essentials soar in cost–i.e. non-discretionary expenses such as shelter, food at home, utilities, childcare, healthcare insurance, etc.–our only response is sighing …
TLT is cracking lows not seen since 2011. BREAKING: Bond tracking ETF, $TLT, falls below $90 for the first time since April 2011. The 10-year note yield is now trading above 4.50% for the first time since 2007. The 2-year note yield is now up a massive 500 basis points since September 2021. Treasury yields …
This week, the Fed made it clear that they want core inflation down to 2% and that is not changing. Meanwhile, supply-side inflation remains a major issue for the Fed. Higher rates have become the new normal. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) September 22, 2023
The 2023 Permanent Fund dividend will be $1,312, the Alaska Department of Revenue said Thursday. The annual payments to Alaskans will be disbursed beginning Oct. 5 and continue in the following weeks, the department said. The Permanent Fund dividend amount hasn’t followed the dividend formula set in state statute since 2016 — with lawmakers saying …
via reason: As election season approaches, Democrats are touting the economic results of Biden administration policies aimed at improving the lives of working Americans and creating a more equitable economy. But ordinary Americans aren’t feeling the so-called success of “Bidenomics.” Superficially, the economy looks solid. As measured by real gross domestic product (GDP), it increased …
by gunsoverbutter Have you heard of the concept of exporting your inflation? Basically if a country prints up new money, but quickly loans it out to another country, therefore preventing it from being in their own monetary system, the inflation isn’t felt at home. For example, if the US prints a trillion dollars and loans …
via NYP: Thousands of migrants who flocked to the Big Apple from the US border are making ends meet by working in the illegal underground gig economy — while enjoying the benefits of being shacked up at taxpayer-funded hotels and shelters. The Post spoke with 36 migrants over a five-day period, of which 65% said …
by SilbergleitJunior Hedge Funds Versus Asset Managers… If Hedge Funds Are Right We Are Screwed S&P 500 has entered its weakest 10-day period of the year – BofA By Investing.com
Canadian Inflation Climbs to 4.0% in August, Driven by Soaring Gasoline Prices – Bank of Canada Pauses Rate Hikes Amid Economic Contraction In August, Canada experienced a notable inflation rate surge, reaching 4.0%, primarily attributed to the steep rise in gasoline prices. This rapid increase in consumer prices has raised concerns about the overall economic …
h/t InternationalTop2405
The Fed can’t print oil, & Brandon has drained the Strategic Petroleum Reserve via theguardian: Oil prices are on track to reach $100 a barrel this month for the first time in 2023 after surging by almost 30% since June, after Russian and Saudi Arabian production cuts and rising demand from China. Brent crude, the …
If we adjust for inflation, inflation is 0% h/t InternationalTop2405
by betsharks0 If you take out food, rent, energy, and transportation Egypt is doing great!
Record-High Household Debt: The fact that household debt in the U.S. has reached $17.1 trillion is alarming. High levels of household debt can strain individuals and families, making it difficult for them to manage their finances and save for the future. Mortgage Debt: The record $12.0 trillion in mortgage debt indicates a growing burden on …
From Peter Reagan at Birch Gold Group Since May 2021, inflation persistently above the Fed’s 2% target has devoured our purchasing power, day by day. Making the cost of living impossible to predict and planning for the future increasingly uncertain. After a short period of cooling off, inflation is heating up again on multiple fronts. …
by physicgarden I have a feeling something big is coming. The fact that so many people are having trouble affording food and gas right now is just absurd. Most people in the US are expected to run out of cash at the end of October. Interest rates may be hiked again on September 20th, inflation …
By Graham Summers, MBA As I noted a few weeks ago, inflation likely bottomed in July. By quick way of review, the official inflation metric, the Consumer Price Index or CPI, is measured on a year over year basis. So, when the CPI is 5.5%, for instance, what it’s saying is that prices are 5.5% …
by Dismal-Jellyfish https://www.bls.gov/news.release/pdf/ppi.pdf https://data.bls.gov/timeseries/WPSFD4&output_view=pct_1mth The Acceleration of Inflation in the Second Half Has Begun, “Disinflation” Honeymoon Terminated The Consumer Price Index (CPI) jumped by 0.63% in August from July, the biggest month-to-month increase since June 2022. Annualized, this amounts to a red-hot 7.8%. This jump comes despite the still ongoing ridiculous monthly adjustment to the health …
https://t.co/wi6YjOz1ig — Win Smart, CFA (@WinfieldSmart) September 14, 2023 Economists like Krugman argue that peoples concerns on inflation are "stunningly at odds with the data". The following chart shows changes in the price level for the first 31 months of the 4 latest administrations. Peoples concerns don't seem to be at odds with the data. …
by confoundedinterest17 Jerome Powell is the God of Hellfire and he brought us …. FIRE! By rapildy raising The Fed’s target rate rapidly. And then sending mixed signals as inflation begins heating up … again. WTI crude just hit $90. Rising oil prices may be one of the reasons. After yesterday’s hotter than expected rebound in …
by confoundedinterest17 Here are some bits and pieces about the US economy and interest rates. The Federal Reserve, the most powerful Socialist machine on the planet, is considering rate their target rate after some bad economic news. First, real median household income (released yesterday for 2022) showed a decline of -2.3%. That is the worst …
Guest Post by George Ford Smith via mises.org No one today talks about the death penalty for debasing gold or silver coins as established by section 19 of the Coinage Act of 1792, nor do they usually bring up Article 1, Section 10 of the Constitution, which authorizes only “gold and silver Coin a Tender in …
https://twitter.com/usapoliticsguy1/status/1701673756085870986
Inflation has eaten over 20% of income since 2019, according to the Bureau of Labor Statistics. pic.twitter.com/emLPXyGe7R — Yordie Sands 🌺 (@YordieSands) September 12, 2023 Median household income fell in 2022, adjusted for inflation, Census Bureau says “Median household income fell by 2.3% in 2022 on an inflation-adjusted basis, the Census Bureau reported Tuesday. The report, which is released …
Despite credit rejections rising, debt levels are skyrocketing. Total US household debt just hit a record $17.1 trillion and is expected to rise again this quarter. People are using debt to "fight" inflation. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) September 11, 2023 At a time when …
by computery_stuff OK, if anyone is bored as fuck this weekend and wants to read a 100-page essay, rejoice! I’ve documented everything I’ve ever thought about Vayne players being total fucking assholes, in a large and thoroughly referenced Word document. Alternatively, you could read this PDF. It’s a collection of writings from Buffett about inflation, …
What you were able to get at the grocery store in 2003 versus today is SHOCKING. This is the inflation that Biden says he’s ‘fixed.’ pic.twitter.com/XcEGD07NZn — Glenn Beck (@glennbeck) September 8, 2023
