inflation Archives - Page 27 of 31 - Citizen Watch Report

US Beginning Credit Super Cycle (Bidenomics = Inflation, Rising Debt, Rising Delinquencies) Mortgage Rates UP 158% Under Bidenomics

September 6, 2023 4:36 pm

by confoundedinterest17 Thanks to Bidenomics, code for massive Federal spending on green energy initiatives and payoffs fo large donors, we have agonizing inflation and consumers are borrowing more and more to cope with inflation. And with the increased use of debt comes …. drumroll … delinquenices! Let’s start with mortgage loans, the overall delinquency rate …

Biden’s “Inflation Reduction Act” Turns Into An Embarrassing Mess

September 6, 2023 1:04 pm

via Mike Shedlock: Surprise, surprise. Subsidies were not enough to make Biden’s energy projects profitable. The Coming Green Energy Bailout Taxpayers will soon be on the hook for The Coming Green Energy Bailout The Inflation Reduction Act (IRA) includes hundreds of billions of dollars in subsidies for green energy, yet now renewable developers want utility rate-payers …

How’s that “Inflation Reduction Act” working out for ya?

September 6, 2023 10:18 am

Pain at the pump as gas prices hit the HIGHEST seasonal level in a decade: Average price stands at $3.811 a gallon The national average for a gallon of gasoline stands at $3.811, AAA data shows The move is significant as it comes at a period when prices historically decline Data shows 2023 to by atypical …

Biden’s Green Energy Inflation Reduction Act Needs a Big Bailout Already

September 5, 2023 11:57 am

via Mike Shedlock Surprise, surprise. Subsidies were not enough to make Biden’s energy projects profitable. The Coming Green Energy Bailout Taxpayers will soon be on the hook for The Coming Green Energy Bailout The Inflation Reduction Act (IRA) includes hundreds of billions of dollars in subsidies for green energy, yet now renewable developers want utility rate-payers …

‘The era of free money, cheap debt & growth at any cost is over’…. ‘People are fighting inflation with debt they can’t afford’

September 3, 2023 10:56 pm

Like houses, many people are locked-in to low auto loan rates. However, homes last much longer than cars do. As people sell cars bought over the last ~4 years, they are entering a much higher rate environment. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) September 3, 2023 …

Vladimir Lenin: “The best way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation”.

September 3, 2023 10:44 pm

Buying a house today costs ~$33,000/yr, 46% of the pre-tax median household income. Post-tax, homebuyers in the US are spending ~70% of their income on home payments. Monthly payments are rising everywhere. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) September 2, 2023 Basic necessities are becoming luxuries, …

Inflation is proving a persistent reality for 61% of Americans living paycheck to paycheck

September 2, 2023 7:43 am

Watch the latest video at foxnews.com A mother of four fired back at Rep. Alexandria Ocasio-Cortez, D-N.Y., after the lawmaker shared a video that said inflation was “propaganda.” “I’m just wondering how she thinks it’s propaganda,” Amber Bergeron said Friday on “Fox & Friends First.” “Has she checked her electric bill? Has she looked at the cost of …

September 1, 2025: Fed Reaches Inflation Target, Cheese Sandwich Costs $120

September 1, 2023 8:56 pm

Authored by Charles Hugh-Smith via oftwominds, In stock market news, toilet paper manufacturers continued rallying while tech and luxury-brand stocks continued their slide to decade lows. September 1, 2025: The Federal Reserve announced that the nation’s inflation rate has finally reached its target of 3%, after seasonal and hedonic adjustments. “The brief period of modestly higher …

Inflation – A Conversation Worth Having

September 1, 2023 7:49 pm

by Bennyandthejetz1 So I recently received a statement from our mortgage company outlining this years increased costs. An increase of nearly $200.00 a month. Now I’m sure to many $200.00 isn’t a lot but let’s follow this logically. Me a homeowner on a fixed rate mortgage now has to spend an additional $200.00 a month due to …

The Fed has no intention of fighting high inflation – these criminals want to inflate away the U.S. national debt

September 1, 2023 9:47 am

Even raising rates is inflationary when the government won’t cut spending. I’m wondering if they didn’t overshoot their inflation goals (probably closer to 10% right now according to shadow stats). The next step is a sovereign debt crisis. THIS was a financial war crime, and NO ONE responsible will be accountable in any way for …

Liquidity Fairy Alert! Up and up it goes! Bank Term Funding Program usage above $100B for the 13th consecutive week ($107.527B vs $107.386B 8/17). An over reliance on central bank funding that is growing faster than the rate of inflation, BTFP is a moral hazard!

August 31, 2023 10:29 pm

by Dismal-Jellyfish Borrowing from the Bank Term Funding Program hit a NEW all time high–the 13th 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 light on the recent uptick in borrowing due to an attempt to offset the initial …

“We currently are earning less and spending more (adjusted for inflation) than at the worst point of the Great Depression”

August 31, 2023 10:35 am

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, food, housing an all of the basics in life are sky high. pic.twitter.com/sfDnI6nJOy — Wall …

Germany’s Ruling Party Proposes a 3 Year Rent Freeze to Halt Inflation

August 28, 2023 10:30 am

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 on Tenants, Landlords, and Inequality: Evidence from San Francisco Using a 1994 law change, we …

Macy’s reports uptick in credit card delinquencies – as America’s household debts swell to $1 TRILLION thanks to rampant inflation and higher interest rates

August 26, 2023 10:48 pm

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 rise in delinquencies. Bosses said they had expected to see a rise in delinquencies post-pandemic …

The Fed Commits to a 2 Percent Inflation Target, Carefully

August 26, 2023 10:46 pm

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 Path Ahead by Jerome Powell at Jackson Hole, Wyoming. emphasis mine. Today I will review our …

LOOTING Surges in Argentina As INFLATION TOPS 100%… Sounds like America too

August 25, 2023 9:44 am

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 of this post, no arrests have been made pic.twitter.com/yqdlHmjlWP — End Wokeness (@EndWokeness) August 11, …

Nvidia’s gain in Q3 was seen as good for Tech stocks, but this quarter’s gain is seen as negative…. This rally guarantees that Powell will monkey hammer markets on Friday… “most members worry that the inflation fight is far from over”

August 23, 2023 9:58 pm

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. Last qtr, their gain was viewed as good for all Tech stocks. This quarter, their …

UK: Cost of a weekly food shop has soared by more than a THIRD in just two years thanks to rampant inflation, adding £870 a year to a family’s bill

August 23, 2023 9:13 am

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 have risen by 37 per cent since the summer of 2021. Leader Sir Ed Davey …

Brace Yourself for the Next Massive Inflation Surge

August 22, 2023 8:55 am

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 Turkey is becoming the world’s top consumer of gold out of necessity. If inflation is …

Lowriding! US Personal Savings Lower Than Pre-Covid As Core Inflation Still Hurts At 4.70% YoY (Large Bank Loan Volumes Shrank Last Week As Deposit Outflows Re-Accelerated)

August 20, 2023 8:29 pm

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 fund assets hitting new highs, and banks’ usage of The Fed’s emergency funds facility at …

Inflation Data has Always Been a Lie

August 18, 2023 3:25 pm

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 he was wrong, and the government and state run media have been working together to …

Liquidity Fairy Alert! Bank Term Funding Program usage UP AGAIN (.4% to $107.242B vs $106.864B 8/9), marking the 11th consecutive week over $100B. This looks more and more like there’s an over-reliance on Fed Funding–growing faster than inflation ‘should be,’ I believe the BTFP is a moral hazard!

August 17, 2023 7:36 pm

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 light on the recent uptick in borrowing due to an attempt to offset the initial …

Bidenomics In One Chart! Hourly Pay UP 12% Under Biden, But Inflation Is UP 16% (REAL Wage Growth Is -4%)

August 17, 2023 3:53 pm

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 keystone of Bidenomics. Or loadstone. Since Biden became President, hourly pay has risen 12%! Unfortunately, …

Fed Officials See Economic Slowdown And ‘Significant’ Inflation ‘Beginning

August 17, 2023 8:57 am

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 from our premium news partners at The Epoch Times) Although the economy has been expanding …

Biden: OMG inflation is soooooo low

August 16, 2023 9:28 pm

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 gonna go lower according to money!" pic.twitter.com/t9S0y1Ky6H — Citizen Free Press (@CitizenFreePres) August 15, 2023 …

Inflation Alert! New York Fed Business Survey (New York State, northern New Jersey and southwestern Connecticut): “Employment continued to increase slightly, and wage growth picked up. The pace of price increases was somewhat higher than last month”. Inflation is not slowing down!

August 16, 2023 2:06 pm

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 as stable for the second month in a row. Remember, services are where ~2/3 of …

Are they making up inflation?

August 16, 2023 1:03 pm

https://twitter.com/WinfieldSmart/status/1691838725884379318 https://twitter.com/FinanceLancelot/status/1691816885430501844 https://twitter.com/WallStreetSilv/status/1691843222367096932

How To Stop Inflation Without A Recession? Slow Federal Spending And Shrink The Fed Balance Sheet (Return To Demand Economy From Obama/Biden’s Command Economy)

August 15, 2023 2:52 pm

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 not stopping inflation).” Before I look at Berenson’s plea for more inflation, let’s see where …

Goldman Sachs expects core inflation to fall enough for the Federal Reserve to start cutting rates in Q2 2024… This is a joke right?

August 15, 2023 2:47 pm

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 below 3% on a year-on-year basis and below 2.5% on a monthly annualized basis, and …

“India’s retail inflation rose sharply to 7.44% in July due to surging food costs.” (BLOOMBERG)

August 14, 2023 4:55 pm

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 first time in five months due to surging food costs, reinforcing the central bank’s concern …