Two-thirds of Americans are cutting back on restaurants and movies, 61% are driving less, four in 10 say they are spending less on restaurants and a third are using more credit cards as record 40-year high inflation hits home

People are increasingly skipping Friday-night treats like movies and restaurants as inflation bites into paychecks More than 4 in 10 are spending less on groceries, even cutting back on such staples as bread, milk and eggs Cash-strapped Americans in Wisconsin, …

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Small caps -18% from the November highs…. Inflation and slowing growth are driving the market down like ‘fire and ice’

https://t.co/hIyV5rrzYC — Invariant Perspective (@InvariantPersp1) January 20, 2022 🇺🇸Philly Fed Mfg Index Update🧐 pic.twitter.com/mNmNJnH60b — Antonio Pérez-Algás (@apanalis) January 20, 2022 A broad measure of money (that includes institutional money assets like treasury bills) is back to its pre-crisis growth …

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It is not an *excess* of demand that is driving inflation, but a *reallocation* of demand…. Americans have dramatically increased their spending on goods leading to supply chain issues

I agree Mr. Politano. That people couldn’t spend much money on services during the pandemic led to more demand for goods, leading to supply chain issues. Let’s see whether this trend shifts. — Kaya Özyürek (@KayaOzyurek) January 17, 2022 Not …

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Dems Driving Up Energy Prices on Purpose

The Democrat agenda depends on deliberately driving up energy prices in order to make their green energy boondoggles appear less outrageously wasteful and destructive than they really are. That approach has been painfully obvious from the beginning of the Biden …

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