Independent thinking for complex markets and current events
Three million middle class homeowners are at risk of having their savings wiped out by the recent surge in mortgage costs, a leading think-tank has warned. Analysis from the Institute for Fiscal Studies (IFS) suggests 2.9 middle middle income mortgage holders would have to raid their savings or ask for help to meet an unexpected …
by confoundedinterest17 Governor Waller cites slow progress on core inflation Richmond Fed chief Barkin says he’s comfortable doing more Two Federal Reserve officials said the central bank may have to raise interest rates further to tame price pressures that in some sectors aren’t showing much sign of easing. Fed Governor Christopher Waller said Friday headline inflation has been “cut …
https://twitter.com/simonateba/status/1668415862657671168/history France says goodbye to the West French President Emmanuel Macron has reportedly asked South African President Cyril Ramaphosa for an invitation to the upcoming BRICS summit in Pretoria, a move that could signal a shift in France’s foreign policy amid the ongoing war in Ukraine.
via businessinsider: The US should expect the dollar’s share of global reserves to slowly decline, but no alternatives exist that could completely displace the greenback, Treasury Secretary Janet Yellen said on Tuesday. Her comments came during a Housing Financial Services Committee in response questions about the risk of de-dollarization. Asked by Rep. Warren Davidson, R-Ohio, …
By Graham Summers, MBA There are two primary reasons why inflation has remained so persistent despite the Fed raising rates from 0.25% to 5.25% in the span of 14 months. 1) The Fed is using the wrong tools to end inflation. 2) The Federal Government continues COVID-19 emergency levels of spending. Yesterday we discussed #1. …
by confoundedinterest17 Okay, Joe Biden was generally regarded as the dumbest member of the US Senate and mean-spirited (I won’t repeat podcaster Joe Rogan’s opinion of Biden). Now we realize how brazenly corrupt Biden is (taking bribes from China and Ukraine to influence American poliicies). Not only is Biden an attrocious human being, but his …
by confoundedinterest17 Foul Powell on the Prowl! Federal Reserve policymakers are about to take their first break from an interest-rate hiking campaign that started 15 months ago, even as they confront a resilient US economy and persistent inflation. The Federal Open Market Committee on Wednesday is expected to maintain its benchmark lending rate at the …
https://twitter.com/NorthmanTrader/status/1666781333668913152?cxt=HHwWgICz-deyzKEuAAAA Janet Yellen, with one of the worst records ever of making predictions … now says this. pic.twitter.com/uv82aT3fgz — Wall Street Mav (@WallStreetMav) June 8, 2023 h/t Simian_Stacker
Inflation has went through the roof 📈 by u/BoatSurfer600 in Wallstreetsilver
via Egon von Greyerz: Tom Bodrovics from Palisades Gold Radio welcomes back Egon von Greyerz, Founder and Chairman of Matterhorn Asset Management AG based in Switzerland. Egon explains how the West’s debt is being increased exponentially, and that it’s only a matter of time before the bubble pops. The U.S. debt has doubled every eight …
Authored by Clint Siegner, moneymetals Everyone loves an early inflation. The effects at the beginning of an inflation are all good. There is steepened money expansion, rising government spending, increased government budget deficits, booming stock markets, and spectacular general prosperity, all in the midst of temporarily stable prices. Everyone benefits, and no one pays… In …
FACT: Under Biden, inflation has outpaced wages for 25 consecutive months. pic.twitter.com/InhJtCrww6 — RNC Research (@RNCResearch) June 2, 2023 Recession Alert: Record Number Of Americans Worse-Off Financially https://t.co/2mQtXWe4Iv — zerohedge (@zerohedge) June 2, 2023 https://twitter.com/PeterSchiff/status/1664648156850581505 *WALMART SAYS DRY GROCERY INFLATION IS OVER 20% OVER TWO YEARS — zerohedge (@zerohedge) June 2, 2023 https://twitter.com/PhilipSoos/status/1664495450144272385 When the …
by confoundedinterest17 The May jobs report is out and, under normal circumstances, would led The Fed to raise rates. But these are not normal times, my friends. The US economy (allegedly) added 339k jobs in May. That is the good news. The not-so-good news? A large diverengence between the Establishment survey and Household survey. +339k versus -310k. What’s it going to be? The bad …
by: Arsenio Toledo (Natural News) Food giants McDonald’s and PepsiCo continue to greedily raise prices, forcing many consumers looking for price breaks to keep waiting for the day when food prices normalize. These price increases are ongoing. Many companies do not plan to change course and will continue increasing prices or keeping them at elevated levels even as some executives are warning that shoppers …
Vladimir Lenin: “The best way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation”. Are you getting what you voted for? Central Banks Will Pivot Quickly. Stagflation Coming: Lacalle He sees a mild economic slowdown – more-so than a severe recession – due to his belief that central banks …
Guest Post from Wolf Richter at WolfStreet.com: Where does the money come from? They now out-earn inflation, they earn interest income, and they dipped into their assets whose prices ballooned over the years. Consumer spending, adjusted for inflation and for seasonal factors jumped by 0.5% in April from March, after two months of declines and …
“We need to keep raising rates until something breaks and inflation eases” <Something breaks> “Wait wait no, not that thing.” It’s very important that inflation is brought into check by poor people losing their jobs. Not rich people losing their deposits. NEW Banking Crisis In One Chart, Inflation=Fed Rate Hikes=Treasury/MBS Duration Increases=Bond Loss So, the Biden Administration …
by BoatSurfer600
Inflation is still not over yet, despite lower a lower CPI report, according to Nathan Lewis, editor of the Polaris Letter.