Fed’s Economic Well-being US Household 2022: “fewer adults reported having money left over after paying their expenses. 54% of adults said that their budgets had been affected “a lot” by price increases.” “51% of adults reported that they reduced their savings in response to higher prices.”

by Dismal-Jellyfish ​ https://www.federalreserve.gov/publications/files/2022-report-economic-well-being-us-households-202305.pdf The Federal Reserve Board on Monday issued its Economic Well-Being of U.S. Households in 2022 report, which examines the financial lives of U.S. adults and their families. The report draws from the Board’s tenth annual Survey of Household …

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Cleveland Fed Governor Loretta J. Mester believes interest rates should go higher… Richmond Fed Governor Thomas Barkin: I also want to reduce inflation,” “And if more increases are what’s necessary to do that I’m comfortable doing that.

by Dismal-Jellyfish Inflation Alert! Cleveland Fed Governor Loretta J. Mester believes interest rates should go higher: “And so the question, you know, in my mind is have we gotten to that rate yet? And at this point, given the data …

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Housing Under Biden: Mortgage Demand Increases 6.3% Since Last Week On Rate Declines, But Purchase Demand Down 32% Since Last Year, Refi Demand Down 44% YoY

by confoundedinterest17 Resident Biden has been an unmitigated disaster for the US middle class, but fantastic for BIG corporate America and the donor class. Mortgage applications increased 6.3 percent from one week earlier, according to data from the Mortgage Bankers …

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China increases military spending by $230 BILLION to boost combat preparedness and enhance military capabilities… quietly laying out their case for justifying war with the US

via dailymail: China announced it will boost its military budget by nearly $230 billion this year amid concerns it will launch an invasion of Taiwan. The money is set to ‘boost combat preparedness and enhance military capabilities,’ claimed Premier Li …

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‘Sizzling’ US Jobs Data (+528k) Make Case for Bigger Fed Rate Increases (Real Avg Hourly Earnings Growth Sinks To -3.8173 And US Treasury Yield Curve Inverts Further To -37.6, Most Inverted Since 2000)

by confoundedinterest17 The media is thrilled with today’s jobs report showing a sizzling 528k jobs added to the US economy. And with that, the media is cheering that recession fears are shrinking. But hold on a second. First, while 528k jobs …

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Canada: Housing prices are collapsing and jobless increases. 1/6 homeowners in Canada own 4 or more properties.

https://twitter.com/DM69693644/status/1555576166848905217 BREAKING: Canada lost 30,600 jobs in July vs. est. 15,000 increase — Margot Rubin (@margot_rubin) August 5, 2022 Those with more than four mortgages jumped 17.5%. at least they've done stress tests… pic.twitter.com/y2c3MrJrRY — Alessio (@AlessioTMAD) August 5, 2022

Pelosi Bashes ‘Big Oil’, Pitches Plan To Make Gas Price Increases Illegal…

https://www.zerohedge.com/political/pelosi-bashes-big-oil-pitches-plan-make-gas-price-increases-illegal During her weekly press conference, House Speaker Nancy Pelosi unveiled the Democrats’ latest plan to slow the surge in gas prices that is top of mind for Americans. Their solution is (drum roll please): price controls! Having begged OPEC …

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Australian shoppers could soon be hit with grocery, produce price increases (BOHICA time)

by Boo_Randy The Aussie sheeple elected globalist stooges who have turned their continent into a looting colony for the banksters & globalist oligarchs. Now they’re getting what they voted for, good & hard. https://www.news.com.au/finance/business/retail/australian-shoppers-could-soon-be-hit-with-grocery-produce-price-increases/news-story/96992a31e5b018df9308ee7a34df43c8 Aussie shoppers could soon see a …

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Proctor and Gamble announce another wave of retail price increases averaging 8% – Brands impacted: Tide, Gain, Downy, Bounce – additional price increases planned in the coming months on other P&G brands

  Biden’s dark winter is approaching. Energy prices + labor shortages + government printing of trillions in money are driving inflation. Global supply chains previously strained by shutdowns are now reaching a breaking point. Vax mandates create labor shortages reducing …

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Biden’s Build Back Better Bill (The Killer B) Increases Deficit By $791.6 BILLION Over Next Five Years And Requires No Social Security Number To Collect Child Tax Credits

by confoundedinterest17 So much for Biden’s claim that his signature Build Back Better legislation won’t cost a cent. The Congressional Budget Office scored the bill and showed an increase in the Federal deficit of $791,618 MILLION over the next five years. Here …

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