An inflation gauge followed closely by the Federal Reserve increased 3.5% year over year in June, slightly below the 3.6% estimate. Consumer spending rose 1%, faster than expected as personal income also increased. Labor costs rose as well, with compensation …
by Chris Vermeulen of The Technical Traders What happens to a global economy after 10+ years of global central bank efforts to support a recovery attempt after a massive credit/debt collapse originates from a prior credit/debt housing bubble? What happens to global economies …
by Michael Snyder Someone please make the madness stop. Many years ago, when Saturday Night Live was still actually funny, comedian Will Ferrell starred in a skit that was entitled “More Cowbell”. To this day, it remains one of the …
"what I'm trying to say is that my explanation is predicated on what I'm trying to lay out in terms of what I'm trying to explain about the explanation so that we may determine to as to ascertain to what …
by Jason Burack of Wall St For Main St Last week Chipotle Mexican Grill announced a 2nd price hike on its menu in just the last few months bringing cheers (and stock upgrades from Wall Street stock analysts). However, in this case what …
Inflation fears surge 10%, double 2018 worries Concerns about rising inflation, especially in housing and food costs, have jumped, doubling the fears of just three years ago, according to a groundbreaking “Inflation Index” survey provided to Secrets. In the new …
by Michael Snyder Someone please make the madness stop. Many years ago, when Saturday Night Live was still actually funny, comedian Will Ferrell starred in a skit that was entitled “More Cowbell”. To this day, it remains one of …
via Mishtalk: “What Would it Take for Me to Change my Mind on Inflation?” Previously I responded to the question A Reader Asks “What Would it Take for Me to Change my Mind on Inflation?” I mentioned two things. Monetary Madness From …
by Shaun Richards It was only yesterday that I noted that the head of the German Bundesbank had suggested consumer inflation might reach 5% later this year. So this morning’s official release caught my eye. WIESBADEN – As reported by the …
by Michael Lebowitz Just How Transitory Is Inflation? Would you buy a five year CD paying 5%? We would be shocked if anyone answers “no.” On a relative basis, versus other fixed-income options, a 5% FDIC guaranteed CD is a …
According to federal data, the average American’s wage is on the decline due to inflation. The Bureau of Labor Statistics found that “average hourly earnings” in the United States rose from $29.35 in June 2020 to $30.40 in June 2021 …
Join us for Part 2 of our series on the 2021 ‘In Gold We Trust Report’. In this episode, Mike Maloney and Ronnie Stoeferle address the issue of inflation – is it temporary, or is it something we must all …
by Shaun Richards This morning’s Euro area money supply numbers remind me of this from last Friday. The head of the German Bundesbank Jens Weidmann was interviewed by FAZ and dropped something of a bombshell. Inflation rates will increase strongly, …
WASHINGTON — Inflation doesn’t matter. That’s the message Democratic leaders are sending as they try to push more than $4 trillion into the economy to build infrastructure, fight climate change and ease the financial cost of child and elder care …
Just went for some cereal and every box no matter the brand is half the size of the old boxes but the price is the same. View post on imgur.com I didn’t have the old box of the same type …
Last week Chipotle Mexican Grill announced a 2nd price hike on its menu in just the last few months bringing cheers (and stock upgrades from Wall Street stock analysts). Chipotle warns it could raise prices even further to stave off …
(Bloomberg) — Argentina’s central bank is ruling out increasing interest rates for the foreseeable future even as currency pressures mount and annual inflation climbs above 50%. The country’s monetary authority is prepared to keep holding its key rate for months …
Inflation & shortages are created by Federal Reserve counterfeiting and government interventions in the economy. Every other excuse is just that, an excuse that is meant to distract you from the sources of these ills.
More “transitory” inflation. Will JPOW tell them when to rip off the stickers…? pic.twitter.com/oXm9pK3Nte — Kuppy (@hkuppy) July 22, 2021 Companies are passing along higher costs to consumers—for now. “I don’t think anyone knows what the word transitory is really …
by Michael Snyder After decades of living in a relatively low inflation environment, it is hard for most Americans to believe that things have gotten so bad so quickly. In fact, even though I write about this stuff almost every …
(WND) On the heels of a prediction from a grocery chain chief that food prices could be 14% higher within just months – because of inflation under Joe Biden – an expert is reminding Americans to remember just who is …
by Shaun Richards The inflation issue is one that has been heating up on 2021. One way of looking at it is to simply note the rising numbers we see be it for consumer or producer inflation. To that we …
by: Stefan Gleason President Joe Biden is in denial about inflation. This week he superficially addressed the problem by admitting the obvious – that prices have been rising rapidly this year – while denying that the inflation surge represents anything …
"Reduce inflation, reduce inflation, reduce inflation" – @POTUS (while the Fed inflates away)@econjared @CeciliaERouse @byHeatherLong "U.S. housing prices jump the most in more than 30 years" (almost 20% nationally pre-tax) https://t.co/b5qtqkQlmO — M/1_LP (@MI_Investments) July 22, 2021 joke of the …
From Birch Gold Group Stepping on a Lego in bare feet hurts. Once you know the Lego is there, and it hurts when you step on it, you can’t ignore it. That Lego is right out in the open, after all. High …
by Josh Sigurdson via World Alternative Media Josh Sigurdson reports on the inflation apocalypse we are currently facing, not just in the US, but worldwide as unthinkable quantities of currency are printed daily. President Joe Biden recently said when asked of the inflation …
The White House Is Panicked Over Inflation (Even Though YOU Have the Most to Lose). “If Hartnett’s numbers are correct (and they are), not only is Washington spending at an unprecedented rate, they’re printing that way, too. Nearly 39¢ of every …
by Peter Schiff of Peter Schiff Podcast Government data says inflation worse than the 80s; real data says inflation already worse than the 70s. Hypocritical Republicans criticize Biden for the same policies they pushed for under Trump. Jerome Powell claims economy is great, …
by Simon Black Robert Woodruff, President and CEO of Coca Cola, was in a terrible jam in 1953. Coke was already one of the most popular and successful products in the world. Everyone loved it. Coca Cola had become such a …
