The US Fed is very likely going to be raising the Federal Funds interest rate tomorrow. This means any debt you have with variable interest rates (Credit Cards, loans, mortgages, etc) will be going up soon.

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by DontMicrowaveCats In case you don’t follow financial news or don’t care, the US Federal Reserve is very likely going to be raising the Federal Funds interest rate tomorrow. The ELI5 version is that Federal Funds rate hikes means money becomes more expensive for banks to borrow. Those increased costs will pass to you. The goal … Read more

Germany wholesale prices, leading indicator for CPI, up to 16.6%; Bloomberg Economics now sees US inflation ending the year at 6.8%

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🇩🇪 Germany wholesale prices, leading indicator for CPI, up to 16.6% Just revolt people. Revolt. This is your time to take power. pic.twitter.com/ZheAamcCwL — The Market Dog (@TheMarketDog) March 14, 2022 Bloomberg Economics now sees inflation ending the year at 6.8% amid the Ukraine conflict and supply chain issues. pic.twitter.com/dCL9Wd9Tcy — Katia Dmitrieva (@katiadmi) March … Read more

Is bad news still good news?

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The Federal Reserve having to hike rates aggressively in the near term.China facing new lockdowns negatively impacting growth and global supply chainsThe Russia-Ukraine war causing slower growth globally due to higher commodity prices/sanctions Is bad news still good news? — jeroen blokland (@jsblokland) March 14, 2022 Daily Charts 📈📉 Good morning all, finally catching up … Read more

WEF Shuns Russia, What Does it Mean?

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by Chris Black The WEF has officially cut ties with Russia. World Economic Forum cuts ties with Russia#WEF #KlausSchwab #Schwab #Putin #UkraineWar #UkraineRussiaWar #RussianUkrainianWar https://t.co/RLDbbma6wR — Doomed Canadian (@DoomedCanadian) March 13, 2022 I suspect this is for optics purposes but it does make me wonder if the extreme anti-Russian hysteria in the West is setting … Read more

Reddit “Volunteers” Got Rekt by Russians

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by Chris Black Barracks full of US/French/Brazilian foreign volunteers on the Polish border destroyed, scores of dead and wounded. The Russians attacked it specifically because it was full of Americans. They’re not fucking around. 30 Russian missiles hit military base and kill 35 close to Nato border https://t.co/GXEzWw23LB — Daily Mail (@DailyMail) March 13, 2022

Washington and Moscow Vie for the Stupid Prize

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by Paul Craig Roberts Is it Washington or the Kremlin which is the most confused about sanctions and their impact?  Washington and Europe have made it very clear that sanctions do not apply to payments for Russian energy and minerals.  Only the US has banned the import of Russian gas and oil.  As the US uses no Russian gas … Read more

Cantillon Effects: Why Inflation Helps Some and Hurts Others

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by Mark Thornton via Mises We now turn our attention to what happens with an increase in the money supply, rather than an increase in savings. This is critically important. The mercantilist idea that increasing the money supply increases prosperity was exposed as an error centuries ago by Richard Cantillon.1 However, modern mainstream economists, including the monetarists, Keynesians of … Read more

1 in 3 take pain meds every day…

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ONE in three Americans take over-the-counter pain medication every single day, new research suggests. In a poll of 2,000 adults, 20% reported taking OTC pain medications once a day and 12% take it “a few times a day.” Even so, respondents seemed more interested in avoiding pain altogether; 57% prefer a preventative approach, compared to … Read more