A hub for independent voices and hard truths
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) …
SF Fed baseline forecast suggests that yoy shelter inflation will continue to slow through late 2024 and may even turn negative US economy still needs ‘multiple’ rate hikes, says top Fed official h/t DesmondMilesDant
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. …
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: …
by themadamerican1 Ok. M2 is negative by a lot. Data apparently(haven’t check myself yet) suggests that the last time was the 30s. That’s real money, greenbacks in the people’s hands and in bank accounts. The markets are sitting on a …
"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
This article was written by Brandon Smith and originally published at Birch Gold Group Perhaps one of the most bizarre recent developments in economic news has been the attempt by establishment media (and the White House) to declare US inflation “defeated” …
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 …
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, …
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, …
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 …
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 …
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 …
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 …
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 …
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 …
European core inflation has exceeded headline inflation for the first time in more than two years. https://t.co/oNoAGYzLD8 pic.twitter.com/MMHjcdvsmd — Lisa Abramowicz (@lisaabramowicz1) July 31, 2023
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 …
by confoundedinterest17 Joe Biden said that Republicans will impeach him in the House of Representatives since inflation is coming down. Huh? No Joe, it is because your are the most corrupt President in history, a compulsive liar and your economic …
by confoundedinterest17 Commercial real estate (CRE), particularly office space, reminds me of the Arthur Brown tune “Fire!” except that Jerome Powell of The Federal Reserve is the God of Hellfire! While fighting inflation caused by … The Federal Reserve and insane Federal …
by Dismal-Jellyfish https://www.bea.gov/news/2023/personal-income-and-outlays-june-2023 Wut mean?: In June, people earned $69.5 billion more, which is a 0.3% monthly rise–more money earned more money to spend, adding to inflation… Prices of things people bought (PCE price index) went up slightly by 0.2%. Even …
by TrueGritttt Here is how inflation works, and why it doesnt hurt the economy or wall street 1.) Govt spends money it doesnt have. It does this by printing the defecit money, and promising to “pay it back” someday into …
by DesmondMilesDant Germany is in Stagflation ( 1973 vs 2023 )
The International Monetary Fund (IMF) has encouraged India to remove restrictions on export of non-basmati rice, saying that the country’s decision would put additional pressure global inflation. The Indian government had banned the export of non-basmati white rice on July …
Despite the Biden administration claiming ‘Bidenomics’ has kick-started an economic renaissance and the Conference Board’s Consumer Confidence Index for July rising, cautionary signs from corporations suggest inflation continues to crush the pocketbooks of the working class. The latest warning comes …
pic.twitter.com/oGs5JsTJ3M — StockCats (@RealStockCats) July 26, 2023 2-years ago… Powell predicted inflation will be "transitory" pic.twitter.com/ipmIKCwu8Y — StockCats (@RealStockCats) July 26, 2023 *FED CANCELS RECESSION FORECAST – POWELL pic.twitter.com/3xmb6ceNFd — Don Johnson (@DonMiami3) July 26, 2023
By Graham Summers, MBA The Fed has raised interest rates from 0.25% to 5.25% in the span of 16 months. And yet…inflation has yet to disappear in any significant fashion. As I noted earlier this week, the ONLY data points …
