by confoundedinterest17 The US inflation numbers were released this morning and they are grim. Inflation YoY grew to 8.5%. With 8.5% YoY inflation, REAL average hourly earnings growth fell to -3% YoY. And with The Fed intent on extinguishing their …
*LAGARDE SAYS WE WILL FACE, IN THE SHORT TERM, HIGHER INFLATION AND SLOWER GROWTH Yield curve inversion and stagflation happened before every recession — Alessio (@AlessioTMAD) March 30, 2022 ANOTHER STAGFLATION WARNING! German govt econ advisers cut their 2022 GDP …
by confoundedinterest17 As The Federal Reserves twiddles it thumbs, US housing continues to burn … hot! The Case-Shiller National home price index (HPI) grew at a 19.17% YoY rate in January despite mortgage rate increases. Where? Phoenix, Tampa and Miami …
by confoundedinterest17 Inflation under President Biden (aka, Bidenflation) has hit 7.9%, the highest in 40 years. And no Joe, the inflation surge was well underway before Russia invaded Ukraine on February 24, 2022. As The Federal Reserve is allegedly going …
by confoundedinterest17 Today’s jobs report is a mixed-bag. According to the February Bureau of Labor Statistics (BLS) report … The good: 678k jobs were added. The bad: Month-over-month wage earning experienced 0% growth (although YoY growth declined to 5.1%). The ugly: inflation is …
Snowflake shares dropped as much as 30% in extended trading on Wednesday after the data-analytics software company showed the slowest revenue growth since at least 2019. Here’s how the company did: Earnings: Loss of 43 cents, adjusted Revenue: $383.8 million, vs. $372.6 …
by confoundedinterest17 Oh Atlanta! Fed, that is. The Atlanta Fed GDPNow Q1 real-time GDP index fell to 0.631%. And the Atlanta Fed REAL wage tracker fell to -2.38 growth. Volatility reigns supreme on the energy front (look at NYM Dubai crude AVAT!) …
by confoundedinterest17 And this doesn’t include the inflation in prices caused by the Russian invasion of Ukraine. Yet. US Personal Consumption Expenditures (PCE) price index rose by 5.2% in January, the fastest rate since mid-1983. With CPI inflation at 7.5% YoY, …
by Shaun Richards Today gives us an opportunity to look at the implications of the stagflation pressure being applied by the war in the Ukraine. We can do so via an area much of which is geographically close and to …
by confoundedinterest17 The Shadow Knows! Wu-Xia employs an approximation that makes a nonlinear term structure model extremely tractable for analysis of an economy operating near the zero lower bound for interest rates. It can be used to summarize the macroeconomic effects …
by confoundedinterest17 As expected, US inflation surged from 7.0% in December to 7.5% in January. REAL average weekly earnings growth YoY fell to -3.1%. Energy prices YoY lead the wage (fuel oil UP 46.5% YoY). Used cars and trucks UP 40.5%. …
by Shaun Richards One of the features of the modern era is the way that central banks have come to regard house prices as one of their main agents of monetary policy. Come rain or shine they must be pumped …
by Daniel Lacalle via Mises I was surprised to see a tweet from President Joe Biden showing the gross domestic product (GDP) of the United States for 2021 compared to the average GDP growth under other presidents. The tweet stated, “This didn’t happen by accident. …
by Shaun Richards As we arrive at the end of the week the focus has switched to the Euro area and European Central Bank.Whilst as we noted yesterday neither the US nor Canada raised interest-rates they set out their stall …
by confoundedinterest17 Happenings two months ago. The Case-Shiller home price index is out for … November 2021. The Case-Shiller National home price index “slowed” to 18.81% YoY in November as The Fed continues its monetary stimulypto. Notice that The Fed is easing …
IMF warns of ‘multiple challenges’ to global economic recovery https://t.co/cgINC42IEJ — Financial Times (@FT) January 25, 2022 The #IMF just released the #WEO update (link).Under the label of "A disrupted Economic #Recovery," and per #FDMD @GitaGopinath, global "growth slows as …
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 …
by Frank Shostak via Mises Most experts tend to assess the strength of an economy in terms of real gross domestic product (GDP). The GDP framework looks at the value of final goods and services produced during a particular time interval, usually a …
https://twitter.com/PuffDragon11/status/1482168568120692740 In real terms, retail sales growth has crashed to -1.9% on a trending basis. Leading indicators have been forecasting this slowdown, primarily through the collapse of real income. 1/ https://t.co/qZ0X6SPt92 pic.twitter.com/g7FakeXFHE — Eric Basmajian (@EPBResearch) January 14, 2022 #recession …
Good news for now continues to be less fatalities caused by #omicron variant, even as case growth is going parabolic @FT @OurWorldInData pic.twitter.com/pe116d4fdw — Liz Ann Sonders (@LizAnnSonders) January 13, 2022
Yet the growth rate tends to be remarkably smooth and cyclical pic.twitter.com/ojzA6UsdjW — Eric Basmajian (@EPBResearch) January 9, 2022
States with largest population declines (2020-2021)…1) New York: -319k2) California: -262k3) Illinois: -114k States with largest population growth (2020-2021)…1) Texas: +310k2) Florida: +211k3) Arizona: +98k Data via census: https://t.co/W1sCzltc35 pic.twitter.com/M5NgFvHprA — Charlie Bilello (@charliebilello) December 30, 2021
by confoundedinterest17 The core Personal Consumption Expenditures (PCE) deflator numbers for November were released this morning and the print was a whopping 4.7% YoY, the highest rate since 1989. Meanwhile, U.S. consumer spending, adjusted for inflation (aka, REAL personal spending), …
CEO Laura J. Alber https://vidmax.com/video/209671-williams-sonoma-mass-fires-hundreds-on-a-conference-call-3-days-before-christmas https://nypost.com/2021/12/22/williams-sonoma-fires-scores-of-remote-workers-just-days-before-christmas/ https://www.thestreet.com/investing/williams-sonoma-reportedly-fires-scores-of-remote-workers-days-before-christmas Williams-Sonoma has now joined the growing list of companies that are mass firing people just a few days or weeks before Christmas. Listen as workers who were completely caught offguard scream in anger …
U.S. inflation soars, spending softens in November The numbers: Consumer spending rose 0.6 in November after a 1.4% gain in the prior month, the U.S. government said Thursday. Personal income rose 0.4% after a 0.5% rise in October. The gains were …
A fatal flaw is saying "3.6% is still good" or "above trend." The growth rate almost never flatlines or moves sideways at "trend" The next major asset allocation pivot will come when the growth rate in the economy sustainably …
by confoundedinterest17 The Freddie Mac 30-year mortgage commitment rate rose to 3.12%. But once we subtract the gut-wrenching inflation rate, the REAL 30-year mortgage rate is -3.689%. The nominal Freddie Mac 30-year commitment rate rose to 3.12% which is still lower …
