by Michael Snyder This is what the early chapters of an inflationary meltdown look like. Last week, we were informed that “consumer prices were 7.9% higher in February than a year ago”, and that was being touted as the highest …
What are your thoughts about probable inflation rate over next few years? — Elon Musk (@elonmusk) March 13, 2022 View post on imgur.com h/t dr0id
By Patrick Hill (The Ukraine War) “means a bigger inflation shock, a smaller rates shock, and a bigger recession shock.” -Bank of America Corp. chief strategist Michael Hartnett, 3-4-22 The war triggers a huge surge in oil prices, consumer sentiment is already …
Burger King customers can thank inflation for seeing fewer chicken nuggets on their trays. The fast-food restaurant chain said it has reduced the number of chicken nuggets from 10 to eight pieces per order. Restaurants leaders said they made the …
60 Minutes, Released on 3/5/10 “This fear of inflation is way overstated.” “We’re not printing money.” “We’ve been very, very clear that we will not allow inflation to rise above two percent or less.” “We can raise interest rates in …
All border matter, except our own. The omnibus spending bill funds “border security” for eight foreign countries while including no new funds to construct a border wall along the United States-Mexico border. A Republican Study Committee (RSC) messaging document obtained …
by boutreality The Fed changes its fund rates and the market reacts; in 1980 as Carter (D) was leaving office the rates raised, and under Reagan the nation saw an inflation hike almost as steep as what we’re seeing today. But …
Someone took a giant dookie in Joe Biden’s breakfast fiber this morning. Or took a giant dookie in his underpants and refuses to tell him. That “happens” a lot. Biden was real cranky-pants today while he addressed the House Democrats. …
by confoundedinterest17 As inflation worsens, the University of Michigan survey of consumers fell again as US inflation worsens. On the housing front, buying conditions for houses fell to 70 as a result of soaring home prices. MY confidence in Biden and …
Inflation is now costing average US household an extra $296 each month https://t.co/KaoshKQcb9 pic.twitter.com/AKcnJwq0Lw — New York Post (@nypost) March 10, 2022 No member of Congress—no person—can read, understand, and analyze 2,741 pages and $1.5 trillion in spending in just …
Janet Yellen says Americans will likely see another year of ‘very uncomfortably high’ inflation. She previously said it would always be transitory. — unusual_whales (@unusual_whales) March 11, 2022 These charts from the @WSJ put the current US #inflation surge in …
by confoundedinterest17 As expected, US inflation soared to 7.9% YoY in February as gasoline prices continue climbing. US rent inflation (owner’s equivalent rent of residence YoY) surged to 4.30%. However, Zillow’s rent index last month was 15.93% YoY. But if we look …
by ShotBot The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.8 percent in February on a seasonally adjusted basis after rising 0.6 percent in January, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, …
U.S. inflation 7.9% in February.6.6% m/m increase in gasoline prices. 1% in food prices Core CPI up 0.5% m/m. 6.4%, from 6.0%, and could edge higher in March. Keep printing pic.twitter.com/45dxvIPOJH — Daniel Lacalle (@dlacalle_IA) March 10, 2022 Price increases …
by Chris Black The Inflation Blame Game https://t.co/Xx5dyJzLDk — zerohedge (@zerohedge) March 9, 2022 There’s no game. The same people are at fault that have been at fault for thousands of years. The creators of usury have enslaved the world, …
By Lance Roberts Greedy corporations are not causing inflation. Such is despite the claims of many of those on the political left that failed to understand the very basics of economic supply and demand. Here is the basic argument by …
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 …
……Biden outlined a four-point plan to fight inflation on Tuesday night. The bullet points included strengthening supply chains; reducing costs through government action; taking on corporate consolidation; and encouraging workers to find better jobs by providing resources like retraining.….. ……Speaking of …
by Shaun Richards These days I think that the opening point of any analysis of an economy needs to start with the issue of inflation and the associated one of the cost of living. Sadly it is hitting Italy hard …
by Shaun Richards The economic story of 2022 so far has been one of inflation or “inflation,inflation,inflation” as Andy Haldane once told us when he was at the Bank of England. Indeed as I have mentioned him he deserves some …
This is the worse bacwardation we had since 2007. If sanction move to oil and gas, spot will be further affected worsening commodity backwardation 👇 pic.twitter.com/r7o94T8fMY — Menthor Q (@MenthorQpro) February 28, 2022 Global commodity prices from metals to energy …
Earlier this hour, Steve Hanke, an economist at Johns Hopkins University, tweeted that he calculates Russian inflation to currently be at 69.4%, given the Ruble’s 47.33% slide since January 1 of this year. We did it, boys. Source: The Russian …
Italy breakeven rate 1 year hit a record of almost 8% – inflation expectations pic.twitter.com/lDwEnPWh7C — Alessio (@AlessioTMAD) February 26, 2022 NEW: The US and Europe committed to remove some Russian banks from SWIFT, isolating the nation from global financial …
The U.S. economy has been hit with increased gas prices, inflation, and supply-chain issues due to the Ukraine crisis. https://t.co/d9dwXWpcvf — CBS News (@CBSNews) February 23, 2022 Russia is a dictatorship because they have state-run media that parrots the Putin …
LOS ANGELES (KABC) — Angelenos have experienced a record rise in gas prices over the last month, and on Friday, gas hit well over $6 per gallon in at least one local station. A Mobil station near the Beverly Center, …
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 …
Germany Import Prices +26.9% YoY (up from 24%) Highest since 1974. Led by Energy prices +144.4%. (Natural gas is +302.7%) pic.twitter.com/hBjjbT92ZI — Hedgeye (@Hedgeye) February 25, 2022 France PPI +22.2% YoY (prev. 18%) Spain PPI +35.7% (prev. 35.2%) Both All-Time …
by: Stefan Gleason As Russia initiates military action in Ukraine, pain at the pump is about to get even worse. Fuel costs have already been soaring due to oil and gas supply constraints coupled with broader inflationary pressures. The national …
