Paul Krugman: Inflation Appears to Be Mostly a Myth, Transitory and Behind Us, as Long as You Remove Food, Energy, and Shelter

by

Oh, and the "government spending creates inflation" trope kind of missed its moment, with the 2021-22 inflation surge looking, um, transitory 5/ pic.twitter.com/UjN3E7C5rS — Paul Krugman (@paulkrugman) January 22, 2023 We'll get more data in the weeks ahead, but at this point the burden of proof lies on anyone claiming that we had more than … Read more

WAY OVERDUE: DOJ Sues Google alleges Digital Ad Monopoly Seeks to Break Up Unit

by

via breitbart: WASHINGTON (AP) — The Justice Department and several states sued Google on Tuesday, alleging that its dominance in digital advertising harms competition. The government alleges that Google’s plan to assert dominance has been to “neutralize or eliminate” rivals through acquisitions and to force advertisers to use its products by making it difficult to … Read more

The Fed Has Two Jobs Right Now

by

by Chris Black (1) The WEF has told them to destroy the US economy, and (2) the BIS has told them save the banking system. QT will accomplish (1) and cutting rates will accomplish (2). Mystery solved. "Rate Cuts *And* QT?" https://t.co/c5gDuzzJnH — zerohedge (@zerohedge) January 24, 2023

I Sincerely Hope You’re Not Falling For This

by

By Graham Summers, MBA The longer I’m in this business, the clearer it becomes that no one actually reads anymore. Everyone simply trumpets headlines, or retweets articles, without looking at the data. The latest and most glaring example of this is the claim that “inflation has peaked.” Everywhere you look in the media (and on … Read more