inflation

Inflation Alert! In July, the purchasing power of $100 in January 2000 dropped to $55.20 (-$.20 from June). Recall, CPI tracks the loss of purchasing power of your dollars & thereby the purchasing power of your hard earned labor. Folks are 2.1% worse off in terms of real value over the past year!

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 purchasing power in the last year!) July 2021 purchasing power of $100 in January 2000: …

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Yes, inflation is down. No, the Inflation Reduction Act doesn’t deserve the credit – “most economists say little to none of the drop came from the law.” WOW! WHAT A SHOCKER?

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 increases have cooled over the past year — the inflation rate has dropped from 9% …

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Prepare for a 70’s style 2nd wave of inflation

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 not doing enough. pic.twitter.com/PeLCZnbkvz — Minsky Moment (@BP_Rising) August 10, 2023

Cumulative inflation since 1950

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%

Fed raises interest rates, bails out banks, ultra-rich, deepening middle class’s borrowing needs to combat inflation.

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 — Mac10 (@SuburbanDrone) August 10, 2023 US Core CPI is still at a staggering 4.7% …

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US CPI inflation rate rises to 3.2% in July, below expectations, and core inflation at 4.7%, marking the first monthly increase since 2022.

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 @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) August 10, …

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The McDonald’s Inflation Indicator

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 not sure if the price increase was due to cleaning lettuce off the floor Now …

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Round 2 of inflation is on the way!

Off the Recent Lows Orange Juice +45%Natural Gas +43%Sugar +41%Gasoline +33%Uranium +28%Oil +24%Lean Hogs +22%Soybeans +16%Iron Ore +15%Coal +14%Wheat +14% *Bloomberg terminal data, lows since Dec. **ALERT: Inflation expectations, US 5yr BEs, at a nine-year high. — Lawrence McDonald (@Convertbond) August 9, 2023 Crazy examples of Shrinkflation Have you noticed any yourself? 🔊 pic.twitter.com/aA3C21RUYf — …

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The Fed’s own forecast now says inflation is re-accelerating

The Fed's own forecast now says it's re-accelerating. It never came down except in energy, the other 2 categories food and core were up 5.7%. and 4.8%. Now that energy is rising again, the illusion of 3% inflation will disappear. pic.twitter.com/5zCSHlPSFX — Dan Davis (@DanDavi47038421) August 7, 2023

Inflation is rocketing again… Cost for US middle-class family of four outstripping median male income.

Inflation is rocketing again, lumber/housing prepping to get crushed pic.twitter.com/bNXL7LByYM — Darth Powell (@VladTheInflator) August 7, 2023 ⚠️INFLATION⚠️ Cost for US middle-class family of four outstripping median male income. In 1985… ◼️Costs: $17,586/yr◼️Income: $23,036/yr◼️Net: +$5,450/yr In 2022… ◼️Cost: $75,732◼️Income: $63,388/yr◼️Net: -$12,344/yr h/t @LizAnnSonders @AmerCompass pic.twitter.com/TVqfc5POXA — Hedgeye (@Hedgeye) August 7, 2023 First-time homebuyers must now …

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The CPI is a BS model of inflation, not the cost of living.

"Some 61.8% of American households acknowledged having difficulty covering an unexpected expense of $400, up 1.3% from November 2022, according to the report." Meanwhile… @SecYellen pic.twitter.com/os1H3V4sbO — Rudy Havenstein, Senior Markets Commentator. (@RudyHavenstein) August 3, 2023

Joy Behar – “The economy is booming, inflation is down…people are having an easier time putting bread on the table.”

In 2008 Ben Bernanke Said the same thing. Joy Behar claims that everything is going great in the country: "The economy is booming, inflation is down…people are having an easier time putting bread on the table." Why do the fact checkers never fact check The View? pic.twitter.com/EXKYm5XSIk — Tim Young (@TimRunsHisMouth) August 4, 2023 AC

July Jobs Report Disappoints! Only 187k Jobs Added, Wage Growth Of 4.4% Still Lower Than Core Inflation Rate Of 4.8%, Rent CPI (June) Is Still Roaring At 7.8% YoY (May and June Figures Revised Sharply Lower)

by confoundedinterest17 The Federal Reserve is watching July’s jobs report carefully. According to the Bureau of Labor Statistics (BLS), the US economy added 187k jobs in July, less than the expected 200k. US average hourly earnings continued at 4.4% year-over-year (YoY). However, the last core inflation reading was 4.8% YoY, so real wages continue to decline. Rent …

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“Historically, when inflation crosses 8%, it takes years, not months, before it falls back below 2%.”… Number of Americans able to afford $400 surprise bill slides in era of ‘Bidenomics’

https://t.co/fZhvHiuQ6S — Win Smart, CFA (@WinfieldSmart) August 4, 2023 Number Of Americans Able To Afford $400 Surprise Bill Slides In Era Of 'Bidenomics' https://t.co/3dV6xksB5F — zerohedge (@zerohedge) August 4, 2023 #Fed QT accelerates. Fed balance sheet shrank $91bn in July, -$759bn from peak, biggest drop ever to $8.2tn, lowest level since July 2021. Fed has …

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Peter Schiff: 30-year Treasury yield rises, inflation expectations unanchored; Fed must act.

https://t.co/L7Cj8NMaIm — Win Smart, CFA (@WinfieldSmart) August 3, 2023 Good Morning Everyone! Billionaire hedge fund manager Bill Ackman is making a bold move! He's shorting 30-year Treasury bills using options, and he predicts yields could skyrocket to 5.5% 'soon'. His strategy is a hedge against the impact of long-term rates on stocks in “a world… …

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Inflation Alert! Bank of England raises interest rates to highest level since the Great Financial Crisis.

by Dismal-Jellyfish https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2023/august-2023 Highlights: The BoE decided to raise the Bank Rate by 0.25 percentage points to 5.25% with a 6-3 vote. New projections assume the Bank Rate will peak at just over 6% and average just under 5.5% over the next three years. Economic growth has been steady, but recent indicators show possible weakening. …

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The Government & Media are Lying: If Inflation is Gone, I Have a Bridge to Sell You Over the Pacific…in Las Vegas!

via Wayne Allyn Root: You’ve heard it all. “Inflation has peaked.” “Inflation is no longer a problem.” “Disinflation is now a greater threat.” “Inflation is 0.” These are the greatest hits of government propaganda and misinformation. But this is serious fake news. This kind of lie effects the lives of the entire American middle class. …

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US Q3 GDP is expected to be 3.9% while inflation is projected to be 3.8% by September. This brings nominal Gdp to be around 7.6% in Sept… Rates are going 6%

by DesmondMilesDant Caption: Atlanta Fed Q3 GDP est will update on Aug 1 which will be 3.9% up from 3.5%. Caption: Cleveland Fed suggests August cpi in September to be 3.9% but generally, it comes a % down. What this means is rates are 100% going 6% and then it upto our Jamie Dimon if …

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American average credit card balance is $7,300, median household savings $5,300, and delinquency rates rise 6 consecutive quarters. We are “fighting” inflation with credit cards.

For the first time in history, total credit card debt is about to cross $1 trillion. Since Q4 2020, total credit card debt is up over $200 billion. Americans currently hold a record $986 billion in credit card debt. 2/7 pic.twitter.com/L2cfwDWWEY — The Kobeissi Letter (@KobeissiLetter) August 1, 2023 According to a survey conducted in …

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The cost of printing $4 trillion and handing it out: Everyone spends the money, consumer spending falls at a historic pace and then the world pays the price with 40-year high inflation.

On top of printing $4 trillion, the Fed lowered rates to 0% overnight in March 2020. Now, we have the fastest rate hike campaign in history. It’s unclear if zero interest rate policy was a net positive. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) July 31, 2023 …

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Inflation Adjusted, Men Are Making Less Money Than in 1979, Women Are Doing Better

via Mike Shedlock: BLS charts show interesting trends in real (inflation-adjusted) weekly earnings. Men are getting clobbered relative to women, but everyone is losing lately. Median real earnings from the BLS, inflation adjusted to the 1982-1984 CPI Index, chart by Mish. Median Weekly Real Earnings In the first quarter of 1979 men were making $408 …

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