by confoundedinterest17 According to the US Bureau of Labor Statistics (BLS)https://www.bls.gov/news.release/empsit.nr0.htm, the February jobs report came in hot, hot, hot. One indicator that the Biden Administration will herald is that average hourly earnings rose to 4.6% Year-over-year (YoY). Too bad headline …
by confoundedinterest17 As Americans are painfully aware, inflation is still haunting us. Despite Administration proclamations that inflation is declining, it is rising again. And with rising inflation (and an overheated labor market), The Federal Reserve is in full counterattack mode, withdrawing …
via thecentersquare: A majority of Americans polled said they couldn’t afford to pay emergency expenses or cover their living expenses for just one month if they lost their primary source of income, according to Bankrate’s latest Annual Emergency Savings Report. The main …
by jessefelder Warren Buffett recently published his latest letter to shareholders of Berkshire Hathaway and, if you haven’t done so already, I encourage to go read it along with all 45 that preceded it, from 1977 to 2022. They are a …
via wallstreetonparade: On Friday, March 4, 2022, the Dow Jones Industrial Average closed at 33,614.7971. Yesterday, one year later, the Dow closed at 33,431.44, a negligible loss of a fraction of one percent – but still a loss. The Dow is …
Senator Kennedy is right, as this analysis shows. Over the last 90 years, a recession was the only bullet-proof way to bring inflation down as much as the Fed needs today. pic.twitter.com/N6sD6qQarG — Alf (@MacroAlf) March 7, 2023 🇺🇸US yield …
by: Belle Carter (Natural News) Renowned economist Nouriel “Dr. Doom” Roubini warned the public that a “perfect storm” of recession, debt crisis and out-of-control inflation could hit the markets this year. Roubini has been warning of a stagflationary debt crisis for months already. The …
Taken directly from the St.Louis fed data site: median CPI for jan ’23 was 8.142% which is close to ATH: https://fred.stlouisfed.org/series/MEDCPIM158SFRBCLE and sticky CPI (less food and energy) is at an all-time high of 6.55% https://fred.stlouisfed.org/series/CORESTICKM159SFRBATL pic.twitter.com/Yo26tR4JBn — Alessio (@AlessioTMAD) …
via worldnewsera: With several hotter-than-expected inflation numbers coming after two successive downshifts in interest-rate increases, an interesting debate is raging as to what the Federal Reserve should do next: Go back to a larger rate increase (50 basis points) or maintain …
ANCHORAGE, Alaska — The second half-century for the world’s most famous sled dog race is getting off to a rough start. Only 33 mushers will participate in the ceremonial start of the Iditarod Trail Sled Dog Race on Saturday, the …
by confoundedinterest17 Despite Treasury Secretary Janet Yellen claiming that inflation was only transitory and likely to disappear, we are seeing continued inflation. Now we see that Unit Labor Costs are up 3.2% QoQ for Q4 2022. Even worse, US unit labor …
44% of Americans say they have a side hustle in addition to full-time jobs — up 13% from 2020 — with inflation as the biggest motivating factor, per Axios. — unusual_whales (@unusual_whales) March 2, 2023 The Fed trying to fix …
by Michael Inflation is a hidden tax on all of us. Unfortunately, most Americans don’t understand this. Most of them cheered when the federal government was handing out free checks as if they were candy. And most Americans fully approved …
Nearly everyone has bought into this rents are falling meme. They certainly are not now. It's likely the rate of increases slows, but looking at National Rent Prices of new leases is a mistake. Rent prices have not declined for …
1-year inflation expectations in U.S. pic.twitter.com/MrNAnhfe08 — Alessio (@AlessioTMAD) February 23, 2023
Is this the 70s? 🤔 pic.twitter.com/V9RX3YmrTy — Win Smart, CFA (@WinfieldSmart) February 21, 2023 The biggest threat to the economy is barely getting attention: Strategic Petroleum Reserves in the US just hit their lowest level since 1983. On top of …
The Federal Reserve won’t be able to get US inflation down to its 2% target without “crushing the economy,” economist Mohamed El-Erian warned on Friday, but he said the central bank is unlikely to officially change that goal post. “You …
by: Roy Green (Natural News) Even Walmart feels the pinch of inflation and economic downturn, with the big-box retailer announcing the closure of five under-performing stores in five states. A spokesperson for the retail giant told KRQE 13 that a Walmart in southeast Albuquerque, …
California’s population dropped by 500,000 in two years as the exodus continues. The California exodus has shown no sign of slowing down as the state’s population dropped by more than 500,000 people between April 2020 and July 2022, with the …
FED'S BULLARD: THE FED RISKS A REPLAY OF THE 1970S IF IT CAN'T LOWER INFLATION SOON. — FinancialJuice (@financialjuice) February 16, 2023 FED'S BULLARD: I WOULDN'T RULE OUT SUPPORTING 50-BP MARCH HIKE. — FinancialJuice (@financialjuice) February 16, 2023 10-Yr right …
by Shaun Richards We are in the midst of a two day barrage of data on the UK economy. This morning we were presented with some better data on the inflation front. The Consumer Prices Index (CPI) rose by 10.1% …
https://twitter.com/MFHoz/status/1625912730979794952 2-year inflation across the US and the EU. This shows price increases in the past 24 months (measured from Jan 2021 to Jan 2023). US 2-year inflation is 14%. 🇺🇸EU 2-year inflation is 17%. 🇪🇺(both underreport the data with …
by confoundedinterest17 US inflation is causing The Federal Reserve to raise interest rates, and mortgage applications are suffering. Mortgage applications decreased 7.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the …
Insane. The shelter component of CPI just had its highest 2-month increase in 33 years. pic.twitter.com/w0Nqo06Pwl — Otavio (Tavi) Costa (@TaviCosta) February 14, 2023 To save money, don’t eat 😅 Thanks WSJ … 🤡 🌎 pic.twitter.com/7JIgW9Tyhx — Wall Street Mav …
Bloomberg, Released on 2/14/23 Mohamed El-Erian is the President of Queens College, Cambridge and the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm …
by confoundedinterest17 The January US inflation numbers are out and they were grim. US REAL average hourly earnings fell … again … to -1.8% year-over-year (YoY) from a revised -1.6% YoY in Deember. That makes 22 straight months of negative hourly earning …
h/t Stonknation
by David Haggith The big news carried in The Daily Doom today was recession after recession and inflation after inflation. They’re both back (or “back to back”), and boy are they mad! This year’s big predictions on The Great Recession Blog appear to be lining up to start …
Much like it has done to just about every other facet of Canadian bills, inflation has come for your morning coffee. Starbucks is rolling out new rules for its loyalty program in the United States and Canada on Monday, changes that …
