CNBC, Released on 12/1/21 Mohamed El-Erian, Allianz chief economic advisor and former PIMCO CEO, joins ‘Closing Bell’ to discuss Federal Reserve Chair Jerome Powell and U.S. Treasury Secretary Janet Yellen’s comments on Capitol Hill. Mohamed El-Erian is the Chief Economic …
via FEE.ORG: President Joe Biden once bizarrely remarked on the 2020 campaign trail, “Milton Friedman isn’t running the show anymore.” It shows. Earlier this month, the Labor Department reported that the CPI rose at its fastest rate since 1990: 0.9 percent for …
by confoundedinterest17 Calamity Jay Powell is no longer mentioning “transitory” when it comes to inflation, but does Powell and the FOMC have the moxie to ACTUALLY raise rates more than a smidge?? (Bloomberg) — Team Transitory is throwing in the towel. …
by Shaun Richards Yesterday the Chair of the US Federal Reserve Jerome Powell gave evidence to Congress. The issue of 2021 has of course been the rise in inflation which he has called “Transitory” many times. The problem for him …
by David Haggith Not even close to transitory. After giving its turkey advice for Thanksgiving, the Federal Reserve finally gave up completely on the “Inflation is transitory” chorus it has been singing all year. Chairman Powell of the People’s Bank of Amerika …
"Cash is not a safe investment. It is not a safe place because it will be taxed by inflation," says @RayDalio. pic.twitter.com/UAmZJ7SLwd — Squawk Box (@SquawkCNBC) November 30, 2021
by confoundedinterest17 Calamity Jay Powell testified in front of the US Senate Banking Committee. He rattled markets by going hawkish about inflation, then gave The Fed an out by playing the COVID CARD (the latest Omicron Variant). Aka, the DEATH CARD. …
by Charles Hugh-Smith The value of these super-abundant follies will trend rapidly to zero once margin calls and other bits of reality drastically reduce demand. Inflation, deflation, stagflation–they’ve all got proponents. But who’s going to be right? The difficulty here is …
BY JOHN RUBINO Almost alone among the world’s serious nations, Germany has scenes like this within living memory: During the 1923 Weimar Republic hyperinflation, newly-broke Germans burned their life savings to keep warm or carted wheelbarrows of cash to stores to …
https://twitter.com/disclosetv/status/1465709640084123661 The sharp increase in inflation over the past year has blindsided many economists. Almost no one saw it coming https://t.co/ggikkcZUvW pic.twitter.com/P66isbuTgv — The Economist (@TheEconomist) November 19, 2021
by Shaun Richards This morning has seen signs of quite a pick-up in inflation in France. Let us start at the beginning of the inflation chain. In October 2021, the rise of industrial producer prices reached 2.6% over a month …
https://www.incrementum.li/en/journal/the-tipping-point-and-the-new-normality/
by Simon Black of Sovereign Man When Sultan Abdulmejid I of the Ottoman Empire declared war on Russia in the summer of 1854, he assumed it would be an easy victory that would restore his crumbling empire back to its former glory. But …
WARSAW, Poland (AP) – Poland´s Prime Minister Mateusz Morawiecki said Thursday that starting in December the government will cut tax on fuels and on energy and will offer bonuses to hardest hit households next year to counter inflation that has …
Financial markets fear the world’s leading central banks are risking “economic disaster” by misjudging the threat of rising inflation and not turning off the stimulus taps that have flooded the global economy with money. From the Federal Reserve to the European …
Ted Oakley on Palisades Gold Radio Tom welcomes Ted Oakley, Managing Director and Founder of Oxbow Advisors, back to the show. Ted discusses the rampant speculative activity in the stock markets. Many investors are buying anything and are hoping that it …
Rebel Capitalist, Released on 11/24/21 ECB Staff Union Demands More Pay to Guard Against Inflation “Even if the rise in inflation could be of a temporary nature — which we all hope — we have no guarantee to recoup …
🤡🌎 pic.twitter.com/nWdWENrKaR — Clown World Today (@cwt_news) November 25, 2021
Build Back Broker!! https://t.co/v4c9e3LBzU — Rob Schneider 🇺🇸 (@RobSchneider) November 23, 2021 Comedian and actor Rob Schneider has targeted the Biden administration for mockery over its inability to get a handle on soaring inflation, including energy prices. “Build back broker!” …
by Shaun Richards Firstly let me wish readers a Happy Thanksgiving be it for today or for a long weekend. However this year even it cannot avoid the Zeitgeist of 2021. Enjoying Thanksgiving dinner with family and friends is a …
New Zealand’s central bank has lifted interest rates for the second time in as many months to 0.75%, with many forecasters expecting borrowing costs to rise to at least 2% by next year and possibly higher. In a warning signal …
Rising inflation, booming economy and no sign of rate hikes Someone is lying pic.twitter.com/o7AMcoC9fp — Alessio (@AlessioTMAD) November 24, 2021 https://twitter.com/NorthmanTrader/status/1463506595485208579 https://twitter.com/NorthmanTrader/status/1463506298322968576 Renter Misery Index At 17.42% With Traditional Misery Index At 10.80% (Biden Says $5 TRILLION “Build Back Better …
The cost of Starbucks has always been too high, but now we've crossed the line. #Recession #Starbucks pic.twitter.com/pyP9Qeo9JJ — Lloyd Legalist (@LloydLegalist) November 24, 2021
by confoundedinterest17 The Misery Index, inflation plus unemployment, is over 10% at 10.80%. Unemployment has been steadily declining since the COVID shutdowns of 2020. The real culprit has been rapidly rising since COVID as well. At this point, inflation improvements …
https://twitter.com/mogreeneLv/status/1462794948789477382 h/t dr0id
Liberty and Finance, Released on 11/20/21 We could have high inflation for 30-years, says economist and wealth advisor Jonathan Davis. He says inflation is much higher right now than the government reports and that it’s going to get worse. He …
