Shes basically saying for brits to die no more breaks you will work double over time just to afford your life. via theguardian: Liz Truss, now the Tory leadership frontrunner, launched an astonishing broadside against British workers, saying they needed “more …
Wage inflation is certainly not over, and wages/salaries are a very large % of core CPI! Sticky components are 70% of core.https://t.co/m6mOX2X3He — Special Situations 🌐 Research Newsletter (Jay) (@SpecialSitsNews) September 1, 2022 A 9% wage hike not enough for …
via WOLF STREET: Inflation in the Eurozone jumped to 9.1% in August, a new record in the Eurozone data going back to 1997, according to preliminary data released today by Eurostat. It topped out at 25.2% in Estonia. Germany hit at …
by Martin Armstrong The Congressional Budget Office (CBO) conducted a study that proves claims that the middle class will not face tax increases under the Inflation Reduction Act are unfounded. This comes after the CBO said that the act would …
by Stewart Thomson of Graceland Updates 1. What lies ahead for America and the world, for the rest of 2022 and 2023? Well, please click here now. Legendary economist Steve Hanke warns of a major recession in 2023 and suggests it would be happening… even with no rate …
https://twitter.com/WallStreetSilv/status/1565052919296454656 The pace at which inflation increases in UK is worsening Goldman Sachs is now forecasting 22.4% by next year The Bank of England has completely lost the control of inflation as the country is a net importer for all …
Just 1 in 4 Americans believe that President Biden’s so-called Inflation Reduction Act will actually reduce inflation, while 71 percent say the law will either have no impact or make things worse. The majority is right to be skeptical. The nonpartisan Penn Wharton Budget …
by confoundedinterest17 As inflation burns the US middle class and low wage workers, The Federal Reserve reaffirmed at Jackson Hole that they are the NEW Smoky The Bear (only The Fed can fight inflation fire!) But of course, Federal spending and …
by BoatSurfer600 When inflation becomes uncontrollable, central banks’ reactions tend to be disproportionately large, which is exactly what we are seeing in 2022. “Central banks need to be decisive on inflation, IMF’s Gopinath says” https://www.investing.com/news/economy/central-banks-need-to-be-decisive-on-inflation-imfs-gopinath-says-2881103 “Some ECB policymakers want 75 …
The market is again pricing in an 80% probability of Fed raising rates by another 75 bps in September… New US home sales keep plunging as inventory surges to highest level since 2009. — unusual_whales (@unusual_whales) August 29, 2022 One …
by confoundedinterest17 The Federal Reserve’s overnight repo facility where banks park their money is seemingly becoming permanent. As inflation has soared near the highest in 40 years, banks are increasingly parking their money at The Federal Reserve. To quote Joe Biden, “All …
by Boo_Randy The root cause of all problems comes from fiat dollars, created out of thin air and backed by debt. Over 115,000 postal workers down tools in nationwide strike https://twitter.com/WallStreetSilv/status/1563375500935979008 Half cows, entire pigs: Families are buying meat in bulk …
Politicians of both parties sometimes take the voters for granted. Right now, Democrats have taken this idea to a new level. They are engaged in an organized campaign to lie to the American people. The topic of the campaign of …
by Martin Armstrong President Biden agreed to waste billions on the Democrat-supported Inflation Reduction Act. According to a survey of 1,500 Americans as presented by the Epoch Times, neither Democratic nor Republican citizens believe this expensive act will combat rising prices. …
"It is true that the current high inflation is a global phenomenon." Fed Chair Powell says that the Fed's responsibility to achieve price stability is still the priority, despite high inflation https://t.co/8BvKSiXonH pic.twitter.com/0zBsnh1pO2 — Bloomberg Markets (@markets) August 26, 2022
Regions affected are : Europe, UK, Japan, China, Australia, Mexico and Canada. Sony didn’t say why they skip the US besides record high inflation. https://blog.playstation.com/2022/08/25/ps5-price-to-increase-in-select-markets-due-to-global-economic-environment-including-high-inflation-rates/
Alfonso Peccatiello on Palisades Gold Radio Tom welcomes back Alfonso Peccatiello author of the Macro Compass Substack to the show. Alfonso believes the Repo markets could be the most important part of the pyramid going forward. The system is continuing to …
“Argentina’s inflation rate has risen to more than 70% amid a severe economic and financial crisis. Consumer prices climbed 71% in July year-on-year, the country’s statistical office Indec said on Thursday. In July alone, prices increased by 7.4% compared to …
by Charles Hugh-Smith If “markets” controlled by the rich are allowed to distribute essentials, the result will be civil disorder and the overthrow of regimes. What’s worse than inflation? Depression + Inflation. And that’s where we’re heading. As I explained yesterday …
Lots of people in Europe are borrowing money to afford holidays, meanwhile energy suppliers are preparing bills of between €1000 – €2000. Massive trouble brewing. — Marc-André Fongern (@Fongern_FX) August 24, 2022 Bloomberg: “UK supermarkets are phasing out expiration dates …
Soaring inflation is putting increasing pressure on American parents as the costs of raising a child continue to skyrocket, according to the Brookings Institution. According to the ‘left-wing institutions’ analysis, published by The Wall Street Journal, it costs over $310,605 to raise …
by Charles Hugh-Smith The Fed and other central banks have zero control of supply-driven inflation, period. America’s financial punditry is bewitched by four fatal fantasies: 1. Inflation is demand-driven. If the Federal Reserve (or other central banks) reduce demand with …
Citi projects UK inflation to breach 18% in January as energy prices skyrocket In a research note dated Sunday, the U.S. banking giant updated its forecasts for the consumer price index and retail price index to 18% and 21%, respectively, …
h/t differentusec
Inflation is hitting the average Joe very, very bad. pic.twitter.com/x4LcD9v6Pw — Alf (@MacroAlf) August 20, 2022 Personal savings in the US evaporating. 3.9 trillion a year ago to just 968bn now. pic.twitter.com/Cebqj5OrYh — Don Johnson (@DonMiami3) August 20, 2022 Half …
The cost of raising a child to 17 years of age has surged to over $300,000 as a result of inflation, according to a new study. Inflation in the U.S. has exploded following the coronavirus pandemic and the Russian invasion …
Misery for millions: Fed will KEEP raising interest rates after seeing ‘little evidence’ that inflation is easing and predict it will remain high for ‘some time’ Minutes from Federal Reserve’s July policy meeting were released Wednesday Fed officials saw ‘little evidence’ …
Fox Business, Released on 8/17/22 BIDENFLATION: Sky-high inflation is here to stay — so brace for the Fed to stick to its guns on tightening, renowned economist says. “I don’t think a very soft touch of very mild increases in interest rates …
this got 1 million views on tik tok so i’m posting it here gen z is starting to realize that inflation is time theft. pic.twitter.com/hir4eFU7gS — JACK SWEENEY (@jackfsweeney) August 14, 2022