It’ll go up higher. Don’t worry.

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It'll go up higher. Don't worry. https://t.co/hzaMUB1rQY — Trinh (@Trinhnomics) January 13, 2022 The System is broken now🔥#Collapse https://t.co/qhrJvUKowj — Antonio Pérez-Algás (@apanalis) January 12, 2022 Manhattan rents were the highest ever for December https://t.co/DG0iFyz6zC — Igor Shatz (@Copernicus2013) January 13, 2022

High Inflation is a wrecking ball to the economy.

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High Inflation is a wrecking ball to the economy. 1 in 7 German Business face ruin due to high inflation and government shutdowns. pic.twitter.com/oBTgiMO9Ux — Peter Spina ⚒ GoldSeek | SilverSeek (@goldseek) January 13, 2022 Core goods #inflation (blue) still outpacing core services inflation (orange) at a marked pace pic.twitter.com/IoEoougfHZ — Liz Ann Sonders (@LizAnnSonders) … Read more

Five additional states pass laws to make military retirement incomes tax-free

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Five states have passed new laws that will allow those collecting military retirement checks to receive the additional benefit of collecting that money tax-free. The additions bring the total number of states that don’t subject military retirement income to their state income tax to 26, while nine others offer a partial exemption. Six states and … Read more

U.S. producer price inflation jumps 9.7% in December from a year ago, the highest y/y increase on record. U.S. DOLLAR plummeting hard. The Fed is still acting too slowly??

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U.S.🇺🇸 DOLLAR 💵 pic.twitter.com/yNiCOpMcHi — Win Smart, CFA (@WinfieldSmart) January 13, 2022 US December headline PPI inflation came in at 9.7%, a new record and just below the median forecast. The core measure was 8.3%, compared to the prior 7.7% and an 8.0% median forecastWeekly jobless claims rose to 230,000, up from 207,000 and above … Read more

Sea change at hand? Share of global central banks with policy rates < 1% has rolled over and is falling...

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Sea change at hand? Share of global central banks with policy rates < 1% has rolled over and is falling ⁦@BIS_org⁩ ⁦@TS_Lombard⁩ pic.twitter.com/JovdLCPik0 — Liz Ann Sonders (@LizAnnSonders) January 13, 2022 Negative real rates support positive returns for stocks. pic.twitter.com/9hyYHOaSOf — Daniel Lacalle (@dlacalle_IA) January 13, 2022 https://twitter.com/Damian59818983/status/1481607516337356802 "Investors still struggle with one crucial question: … Read more

Inflation Nation! US PPI Final Demand Soaring At 9.7% YoY As CPI Soared 7.0% YoY (Energy Prices Lessened In Q4 But Are Surging Again In 2022)

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by confoundedinterest17 Yesterday’s inflation report was the worst in 40 years. But at least today’s Producer Price Index Final Demand is down slightly from November. But PPI Final Demand YoY is still roaring at 9.7%. The producer price index for final demand increased 0.2% from the prior month and 9.7% from a year earlier, Labor … Read more

A New Bill In California Would “Double Taxes” In Order To Pay For A Statewide Single Payer Healthcare System

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by Michael Snyder Are politicians in California actually trying to make the mass exodus out of their state even worse?  Even though Democrats currently have control of the White House, the Senate and the House of Representatives, it has become exceedingly clear that a national single payer healthcare system is not going to happen any … Read more

The Dollar Has Entered A Death Spiral, And A Lot More Inflation Is On The Way

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by Michael Snyder Did anyone out there actually expect things to turn out differently?  When the federal government kept borrowing and spending trillions upon trillions of dollars that we did not have, we were warned that this day was coming.  And when the Federal Reserve kept pumping trillions upon trillions of fresh dollars into our … Read more

The Fed is trapped, they have to hike rates, but they wont make it very far before breaking the markets this time. I predict only 5 rate hikes this cycle, details below

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by TheHappyHawaiian The fed has fucked up. Inflation wasn’t transitory and their favorite measure, core PCE, is the highest it’s been in 4 decades. Now they have to look like they are fighting inflation by raising rates and tapering asset purchases. They are talking quite a big game right now. Many fed officials are talking about … Read more

The Fed Must Inflate or Die

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Bill Holter on Palisades Gold Radio Bill discusses the current liquidity situation with the Reverse Repo system. Banks can sleep at night with their funds being stored with the Fed while earning a return. However, the Fed can’t allow interest rates to go negatives since that would indicate the dollar is worthless. JP Morgan has a large … Read more

Charles Hugh Smith: The Real Revolution Is Underway But Nobody Recognizes It

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by Charles Hugh Smith Revolutions have a funny characteristic: they’re unpredictable. The general assumption is that revolutions are political. The revolution some foresee in the U.S. is the classic armed insurrection, or a coup or the fragmentation of the nation as states or regions declare their independence from the federal government. By focusing on the compelling drama of … Read more