by Arkadiusz Sieron of Sunshine Profits Inflation expectations reached a record high. Is gold preparing a counterattack to punish gold bears? In a classic Monty Python sketch, nobody expects the Spanish inquisition. In the current marketplace, everyone expects high inflation. As the chart below shows, the …
by Michael Snyder How do you know when a problem officially becomes a crisis? Is it when just about everyone agrees that a crisis has arrived? If that is the case, then it appears that an “inflation crisis” is now …
Global Inflation Rates… pic.twitter.com/qOlu4vYcSB — Charlie Bilello (@charliebilello) November 19, 2021 If you were wondering what the next stage was after “there is no inflation” and “it’s not much inflation” and “it’s just transitory,” and “it’s actually good for …
by visualcapitalist The Briefing The inflation rate in the U.S. has seen its fastest annual increase in over 30 years Fuel, transportation, and meat products are seeing some of the steepest increases Prices have been going up in a number of …
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 h/t dr0id
by Chris Black The data just reflects the amount of money Americans spent on retail goods. It is as much an inflation indicator as it is a sign of strong buying patterns. For example, if consumers buy 100 widgets in …
God help us. pic.twitter.com/HcdzWTidxC — AG 🔥 (@Yolo304741) November 14, 2021 Tyson Foods announces 30%+ price hike for beef and pork as food inflation explodes Tyson, the largest meat producer in the United States, is about to increase prices for …
WHY THE NEW YORK TIMES REWRITES HISTORY: With the 1619 Project, the New York Times’s business interests are just as decisive a factor. The Times’s management is well aware that it has to replace its audience of ageing liberals with young adherents of progressive …
Now inflation is impacting the U.S. ‘readiness’ for WAR: Defense Secretary Lloyd Austin orders measure to help struggling military families pay for food and housing amid soaring prices Defense Secretary Lloyd Austin on Wednesday announced increased payments to help personnel …
Alasdair Macleod on Palisades Gold Radio At some point, there will be a shift from crypto towards physical metals. Especially when one considers the number of cryptocurrencies and speculation in that space. Alasdair questions what the Fed can do once the taper …
White House Press Secretary Jen Psaki, when pressed by a reporter over concerns about inflation, says “no economist” is projecting it to go higher. “Americans are seeing their dollars, their paychecks stretched right now,” NBC reporter Peter Alexander said at …
by Shaun Richards This morning has brought something to the UK which younger readers will not have experienced. Or rather it has brought more official recognition of an issue that will have been affecting shopping baskets and bills. Millennials and …
HONG KONG (Reuters) – Greed is outpacing fear in world financial markets as investors respond to the pandemic recovery, Goldman Sachs Chief Executive David Solomon says, adding that such periods of exuberance are usually not long-lived. Solomon told Bloomberg’s New …
by confoundedinterest17 Is the US slipping into darkness? The smoothed US recession probability just rose to 44.40%. Meanwhile, the CPI YoY rose to 6.24% YoY. The Fed has been lowriding rates since late 2008. Why can’t The Fed be friends with …
Even keeping your house clean will cost you more. Vacuum cleaners are not immune from rising prices.
by confoundedinterest17 I wonder if Biden’s Press Secretary Jen Psaki will argue that inflation is transitory … again? Well, the US is exporting inflation to our trading partners. US Export Prices by end use rose 18% YoY. Of course, with the …
by Daniel Lacalle via Mises What is the worst thing a government can do when there is high inflation and supply shortages? Multiply spending on energy and material-intensive areas. This is exactly what the US infrastructure plan is doing and—even worse—what other developed nations …
The Income Generation, Released on 11/15/21 Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures …
https://twitter.com/Breaking911/status/1460068552426278912
Even she doesn’t believe it… she’s doing that nervous slow blink thing some people do when they know they’re full of shit. Inflation airhead: NBC's Stephanie Ruhle says the "dirty little secret" of people complaining about paying higher prices for …
More evidence of #World #economy slowdown. October prelim shipping data @johnauthers pic.twitter.com/VlioEE7VPC — CrossBorder Capital/ GLIndexes (@crossbordercap) November 15, 2021 #recession … #Global $USD #Liquidity #Squeeze edition https://t.co/XHksbbMJ7B pic.twitter.com/0Ee4sIPN41 — Invariant Perspective (@InvariantPersp1) November 15, 2021 Paging Isaac Newton: …
https://www.youtube.com/watch?v=y3WC6fgX41E Joe Riglizzo from The Daily Wire reports, Democratic West Virginia Senator Joe Manchin had a stark warning for Americans Wednesday as consumer data for the month of October showed inflation reaching record highs. Read More/Source/Credit/FairUse: https://www.dailywire.com/news/manchi…
Inflation is the most regressive tax of all, yet is advocated by those who claim to be progressive — Elon Musk (@elonmusk) November 15, 2021
Bloomberg, Released on 11/12/21 Mohamed El-Erian, a Bloomberg Opinion columnist and chief economic adviser at Allianz SE, says this will go down in history as one of the worst inflation calls ever by the Federal Reserve. Mohamed El-Erian is the …
Larry Summers, who was Secretary of the Treasury under Clinton and directed the National Economic Council under Obama, said on CNN recently that inflation is going to be unavoidable for the near future. CNN host Erin Burnett asked Summers about …
Skyrocketing inflation and consumer costs are hurting President Joe Biden’s and Congressional Democrats’ hopes to pass another major spending bill through the reconciliation process. The Department of Labor’s Bureau of Labor Statistics this week reported an 8.6% increase in wholesale …
by Ryan McMaken of Mises Institute The Bureau of Labor Statistics reported Wednesday morning that prices rose 6.2% on a year-over-year basis in October. That’s the highest YOY rate since December 1990 when the CPI was also up 6.2 percent. October’s rate was up from …
h/t HeisenbergsBud
Inflation is a hot topic now, with comments from Federal Reserve Chair Jerome Powell looking like veiled hints as to when (no longer if) the Fed will get serious about hitting the monetary brakes to slow the economy. Until recently, …
by Mike Gleason Shortages, delays, higher premiums may emerge in physical gold and silver Don’t want to listen? Read the podcast below! Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Gold and silver markets are registering big …