A hub for independent voices and hard truths
Everyone is pouring on the coal and running things as fast and hot as they can. by David Haggith The captains of industry are giving it all they’ve got, and inflation is heating up. So much for recession. US manufacturing activity …
So I’m supposed to believe the Fed is about to cut rates when credit spreads are sitting at multi-month tights? Cutting here = loosening financial conditions just as inflation pressures re-accelerate. That’s a policy mistake in the making and likely …
via notayesmanseconomics I am glad that I looked at things in an optimistic light yesterday because the news from the UK this morning heads towards the other end of the spectrum. The Consumer Prices Index (CPI) rose by 3.8% in …
by Michael Do you feel knots in your stomach due to financial stress? If so, you certainly have lots of company. All of a sudden, everyone is talking about the cost of living and prices are rising by double-digit percentages all around …
via notayesmanseconomics: After looking at China a couple of days ago it is again time to look East to Nihon this time. We can start with the latest economic news. TOKYO — Japan’s economy grew an annualized 1.0% in the …
by confoundedinterest17 The Trump economy continues to boom. The Atlanta Fed’s GDPNow forecast model shows real GDP growing at 2.5%. The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2025 is 2.5 percent …
Guests are about to run screaming from the summer party because the flaming gob of goo is back. While it’s lurking at the perimeter, they are all about to see it flame on. THAT should be interesting! by David Haggith …
Looks like gold just put PPI to shame. Gold has beaten producer price inflation by around 600% so far this century. We have also crossed the 'paradigm shift breakout line' as we forecast 6 years ago. pic.twitter.com/4bFoyujuwS — Northstar (@NorthstarCharts) …
Fortune enfuego today. Immigrants worked for lower wages for many jobs that most Americans don’t want to do. If you need a dishwasher now it’s going to cost you. This is going to put a lot of pressure on wages …
Hotter inflation proves you can’t print your way out of rising prices. Inflation is diverging across regions of the US: Pacific Coast states such as California, Oregon, and Washington saw inflation rates above +3.1% in July, according to BLS data. …
So, “Liar, liar, pants on fire” to all of Team Trump’s promises that you don’t pay for tariffs. by David Haggith Inflation is lighting the Donald’s backside on fire, whether he sees it or not. Wow! I know I said …
Q: What's your takeaway from the PPI inflation report? Top Trump economic advisor: Sir, I… come on. You're violating the rule here pic.twitter.com/J7aiJYl9IH — FactPost (@factpostnews) August 14, 2025 “Now our inflation is down to a perfect number. Hardly any …
by Michael Well, that was quite a shock. We just got confirmation that inflation is starting to accelerate once again. That is really bad news, because the cost of living has already been stressing people out all over the country. In …
Can someone explain to me how $BTC the greatest “inflation” hedge of all time is down on a hot PPI? Maybe Bitcoin isn’t an inflation hedge after all and instead is a speculation gauge. pic.twitter.com/djupZTujUT — Kris Patel 🇺🇸 (@KrisPatel99) …
If they cut the bond market will instantly drive the yield back up . Rates are based on risk we are an insolvent nation drowning in debt that can't even afford the interest only payments . — Jason the mason …
🚨 JUST IN: President Trump takes huge victory lap on the economists and experts after latest inflation report “It has been shown that, for the most part, Consumers aren’t even paying these Tariffs, it is mostly Companies and Governments, many …
The Fed’s reacting to lagging labor data while ignoring leading inflation signals. Policy misfire incoming. JUST IN 🚨: The odds of a September rate cut have soared to over 94% pic.twitter.com/E8copNJVuO — Barchart (@Barchart) August 12, 2025 Overall US CPI …
Real wage purchasing power down 89% since gold standard ended. The average hourly wage (in gold terms) just hit a new all-time low, going all the way back to 1963 The real purchasing power of the average wage for an …
U.S. July CPI: Core Inflation Hits 3.1 Percent Year Over Year Headline CPI rose 0.2 percent month over month, matching expectations. Year-over-year inflation came in at 2.7 percent, just below the 2.8 percent estimate. Core CPI rose 0.3 percent month …
Tariffs hit fast. Inflation moves slower but with purpose. The consumer price index (CPI) doesn’t capture the full story. When tariffs arrive, importers take the initial hit, but CPI only partially reflects that cost. It undervalues imported goods, ignores wholesale …
It's interesting to see some people claim inflation is slowing. The equal-weighted commodities index is up 12% in the past year. That’s real-world inflation. Meanwhile, US money supply just hit a new high, and the dollar is weakening sharply against …
Bessent acknowledges that tariffs *might* cause inflation for the first time ever. pic.twitter.com/j3SkWXhDQ0 — Spencer Hakimian (@SpencerHakimian) August 7, 2025
Magnificent 7 mask ugly earnings across the broader market. OUCH! The S&P 493 – that’s the S&P 500 excl “Magnificent 7” – is expected to deliver just 2-3% net income growth in Q2, Q3, and Q4. That’s slower than inflation, …
Inflation rose in June to 2.6 percent annually, higher than economists expected. The Federal Reserve’s preferred gauge, the personal consumption expenditures (PCE) price index, showed prices increasing as tariffs on imported goods pushed costs up. Vanguard analysts said, “Core goods …
A new Fox News poll reveals 62% of Americans disapprove of Trump’s handling of inflation. Only 32% say they approve. The data marks a sharp shift from earlier optimism about economic management during his administration. The survey highlights growing public …
Gold holds, fiat fades, trust cracks. The dollar didn’t lose 97% of its value. They stole it. Right in front of you.Over decades.While telling you it was “2% inflation.” Gold doesn’t lie.Silver doesn’t print itself.Fiat is the scam. pic.twitter.com/1K0YZcqV8K — …
Grocery prices now change 100 times a day. Walmart’s electronic shelf labels are live in 1,000+ stores, with 2,300 targeted by December. Kroger’s rollout is ahead of schedule. Labels update based on time, inventory, competitor pricing, and weather. USDA’s July …
President Trump told reporters on July 25 that he “likes a strong dollar” but “you make a hell of a lot more money with a weaker one.” The dollar index is down 10% since January. That’s the steepest six-month drop …
Prices climbed faster than paychecks again this quarter. Beef just broke $6.12. Social Security faces a mandatory 24% slash starting January 2033. And 40% of U.S. workers now earn less than the inflation-adjusted cost of living. Indeed’s real-pay tracker posted …
Trump’s approval is slipping hard but the press still calls it stable. The latest Gallup poll pins him at 37 percent approval and 58 percent disapproval. That is not a plateau. That is erosion. Gallup reports a 10 point slide …