Simply Unaffordable? Or Is The Fed Killing-off Housing In Its Quest To Crush Inflation? (REAL Home Price Growth Is 12% YoY While REAL Wage Growth Is -3.95% YoY)

by confoundedinterest17 Housing in the US is simply unaffordable for the middle class and low-wage workers. Combine rising food costs and gasoline/heating costs, and we have an economic disaster on our hands. US existing home sales for June will be released on Wednesday. …

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Biden’s Limbo Rock! US Consumer Confidence Remains Depressed 51.1 With Inflation Ravaging Households, Housing Sentiment Even Worse At 45 (Biden Approval At 38.1%)

by confoundedinterest17 How low will consumer sentiment (and Biden’s approval ratings) go? This is Biden’s limbo rock. One measure of how bad things are in the US for the middle-class and low-wager workers ix consumer sentiment from University of Michigan. The latest …

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The Core? Flexible Price Inflation Rises To 18.74% While Core Inflation Plunges To 8.40%, “Fats” Waller Backing 75 Basis Point Hike (30Y Mortgage Rate Rises To 5.83%)

by confoundedinterest17 As Americans are painfully aware, inflation is the highest in 40 years prompting The Federal Reserve to remove the massive punch bowl. In fact, Federal Reserve Governor Christopher “Fats” Waller backed raising rates by 75 basis points this month. How hot …

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BLOOMBERG: “Fuel Price Freeze Fails to Halt Panama Anti-Inflation Protests; Demonstrators have blocked major highways and access to ports”

View post on imgur.com https://www.bloomberg.com/news/articles/2022-07-13/fuel-price-freeze-fails-to-halt-panama-anti-inflation-protests Inflation Protests, Strikes In Panama Grow Larger Despite Gas Price Cap https://t.co/UAOOzyLUl1 — zerohedge (@zerohedge) July 14, 2022 Hundreds protest in Panama against rising fuel prices and corruption : Demonstrations against fuel price hikes and …

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United States’ 9.1% inflation rate is one of the HIGHEST among developed countries despite Biden saying the OPPOSITE – and is costing Americans an extra $500 a month

by Boo_Randy How’s that “Build Back Better” working out for ya, ‘Murica? https://www.dailymail.co.uk/news/article-11010535/United-States-sees-one-HIGHEST-inflation-rates-developed-countries.html The United States is experiencing one of the highest inflation rates among developed countries, with the federal government reporting on Tuesday that inflation climbed to a 41-year high of …

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Argentina braces for 90% yearly inflation after economy’s Minister’s exit

This could be the future of the United States if we don’t get our inflation under control. What caused it? Government spending and the printing of currency! The same things we are doing right now. https://www.msn.com/en-us/money/markets/argentines-brace-for-90-inflation-after-economy-minister-s-exit/ar-AAZz1Ma?ocid=msedgdhp&pc=W046&cvid=224cb290dd3b48fca0946715e4a7373d So now we have …

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France to spend another 20 billion euros to fight inflation

by Boo_Randy Did France’s globalist Quisling regime graduate from the Brandon School of Voodoo Economics? https://english.alarabiya.net/business/economy/2022/07/07/France-to-spend-another-20-billion-euros-to-fight-inflation A new round of French measures aimed at mitigating the effects of record inflation will cost about 20 billion euros ($20.4 billion), according to …

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