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People make less money, and prices are rising everywhere. Housing prices are going crazy. 😢 Are we in a quiet recession already? So many people earn less and everything costs more. Inflation has eroded earnings dramatically in real terms. Meanwhile, …
via Mike Shedlock: Rents are rising at a record pace in Germany. Politicians turn to a price control gambit guaranteed to fail. https://twitter.com/kuzeypiyasasi/status/1695897569572913595 Rent Control Evidence Please a September 2019 Stanford Business Study on The Effects of Rent Control Expansion …
Macy’s executives have warned of a spike in customers failing to make credit card payments thanks to unprecedented pressures on household finances. The department store has seen its credit card revenue plunge by 36 percent this year due to the …
via Mike Shedlock: Fed Chair Jerome Powell delivered a message today at the annual Jackson Hole meeting. Powell reiterated the Fed’s commitment to a 2 percent target. Inflation: Progress and the Path Ahead Please consider snips from Inflation: Progress and the …
CNN: "Americans have burned through nearly ALL the savings they built up during the pandemic" pic.twitter.com/bq39obvDvM — RNC Research (@RNCResearch) August 24, 2023 $300,000 of merchandise was stolen during a single mass looting event in Glendale, CA this week As …
We're looking for a hard reversal on the daily for Tech this week. And then pull the plug on this final festival of idiots. Let history sort them out. pic.twitter.com/gIM5I7b2qh — Mac10 (@SuburbanDrone) August 23, 2023 Another blowout for Nvidia. …
Rampant inflation has increased the price of a typical weekly family shop by more than a third in just two years, it was claimed today. Analysis of official statistics by the Liberal Democrats suggests prices of a host of staples …
From Peter Reagan at Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: The surprising motives behind inflation, unpacking central bank gold buying figures for 2023, and …
by confoundedinterest17 US personal savings are being exhausted as The Fed raises rates to fight inflation. I call this phenomenon “low riding” where consumers are being punished by The Federal Reserve and Biden Administration. Meanwhile, large bank loan volumes are shrinking. With money-market …
by stayyfr0styy I’ve been ignorant and regarded for too long about money. Dad always told me that the stock market averages 7-8% return, and if inflation is only 2-4%, then you are making 4-5% of real value over time. Well …
by Dismal-Jellyfish Borrowing from the Bank Term Funding Program hit a NEW all time high–the 11th consecutive week above $100 billion! What we are monitoring: Bank Term Funding Program (BTFP) Discount Window/Primary Credit “Other Credit Extensions” I hope to shed …
by confoundedinterest17 The themesong of Bidenomics is Randy Newman’s “Mr. President,” Have pity on the working man instead of paying off green energy BIG donors. The massive green enegy spending spree by Biden and Congress (disguised as Inflation Reduction Act) is the …
The United States is at the beginning of a slowdown as the economy continues to face significant upside inflation risks and tighter credit conditions, according to new minutes from the July Federal Open Market Committee (FOMC) policy meeting. (Article cross-posted …
Citizen Free Press – X, Released on 8/15/23 Part 1 (part 2 below) Biden can't be serious: "Our inflation rate has dropped to the lowest among major economy economic nations in the world. And if we keep it up, it's …
by Dismal-Jellyfish https://www.newyorkfed.org/medialibrary/media/Survey/business_leaders/2023/2023_08blsreport.pdf Wages and Prices expected to continue rising over the next 6 months. TLDRS: New York Federal Reserve Bank’s August 2023 Business Leaders Survey shows the region’s (New York, southern New Jersey, and southwestern Connecticut) service sector activity …
https://twitter.com/WinfieldSmart/status/1691838725884379318 https://twitter.com/FinanceLancelot/status/1691816885430501844 https://twitter.com/WallStreetSilv/status/1691843222367096932
by confoundedinterest17 Inflation is a killer to the middle class and low-wage worker. Yet there are always apologists for terrible Federal spending and Federal Reserve monetary policies. Like Alex Bereson with his “How we stopped inflation without a recession (hint: by …
by AdMaleficent2789 Goldman Sachs expects core inflation to fall enough for the Federal Reserve to start cutting rates in Q2 2024, but economists leave the door open for a higher-for-longer scenario. By Q2, “we expect core PCE inflation to have fallen …
JUST IN – India's retail inflation rose sharply to 7.44% in July due to surging food costs. — Disclose.tv (@disclosetv) August 14, 2023 Retail inflation in July breached the upper-end of the Reserve Bank of India’s tolerance level for the …
by Dismal-Jellyfish Source: https://fred.stlouisfed.org/series/CUUR0000SA0R#0 Zooming in: CPI tracks the loss of the purchasing power of your dollars, and thereby the purchasing power of your hard earned labor: July 2022 purchasing power of $100 in January 2000: 57.1 (down -3.33% in …
via YAHOO: WASHINGTON (AP) — Even President Joe Biden has some regrets about the name of the Inflation Reduction Act: As the giant law turns 1 on Wednesday, it’s increasingly clear that immediately curbing prices wasn’t the point. While price …
Trends Journal, Released on 8/10/23 In today’s Trends in the News, Gerald Celente, goes over the bullsh*t inflation numbers, Biden’s $24 billion to Ukraine and the conflicts ramping up in Sudan and Niger.
Consistent/persistent rise in inflation due to increase in money supply by Fed, politicians, commercial banks isn't dwindling AT ALL. Bureau of Doctored Labor Statistics is deceiving as usual for politicians. Prepare for a 70's style 2nd wave of inflation. Fed's …
via Mike Shedlock: For the rest of the year, there was only a slight change in the market’s expectations of rate hikes or cuts following the CPI release. September rate hike probabilities courtesy of CME Fedwatch. Ahead of the CPI …
by InternationalTop2405 Cumulative rate of inflation per decade: 1930-1940: -16.2% 1940-1950: 72.1% 1950-1960: 22.8% 1960-1970: 31.1% 1970-1980: 112.4% 1980-1990: 58.6% 1990-2000: 31.8% 2000-2010: 26.6% 2010-2020: 18.7% 2020-2023: 40.2%
The longer the Fed keeps raising interest rates while using their balance sheet to bail out banks and the ultra wealthy, the more deeply buried the middle class becomes trying to borrow their way through inflation. Personal interest payments: pic.twitter.com/UdeKfTTszD …
The Fed has been clear that 2% is their inflation target. Now, we have inflation rising again and hovering near the 3% mark. Will the Fed raise their inflation target or will they finally get it under control? Follow us …
by B3stAuD1t0rofA11tiME The price of a Big Mac is currently around 5 bucks That’s a 22% increase since Covid It looks the same and as usual when you are done eating it there is lettuce all over the place I’m …
