by confoundedinterest17 Amazing that as Russia has invaded Ukraine, Joe Biden has fled Washington DC for his compound in Delaware. Call him “Runaway Joe.” Biden’s green energy policies make the US more energy dependent on foreign countries such as … Russia. Now …
by confoundedinterest17 I admit, I follow market data to get a signal of what is happening to mortgage rates and I got one. With Putin and Russia invading Ukraine, markets are in turmoil WTI Crude is up 8.14% this morning, Brent …
Americans normally are happiest when the economy is growing rapidly. The unusual nature of today’s recovery has upended that pattern. Last year was the best year for job growth on record. Workers are commanding solid wage gains. Booming home and …
By Irina Slav The Chief executive of Vitol expects oil prices to climb to $100 and remain at that level for an extended period of time. This bullish prediction is driven by a belief that global demand will surge in …
The spread between 30YR Mortgage rates & 30YR Treasury rates spiked to 1.61% This spread and economic expansions haven't coexisted for very long in the past The Fed has suggested they may start outright selling MBS (still buying this month). …
According to American Automobile Association (AAA), the average price of a gallon of regular-grade gasoline in California stands around $4.719 per gallon on Wednesday, surpassing the previous record on Nov. 27. That’s higher than the national average, which stands around $3.52, an …
There are few more easily observable measures of the cost of everyday living than the price of gasoline at the pump. As has been widely reported, gas prices in the United States recently hit a seven-year high. The striking thing, …
https://twitter.com/WallStreetSilv/status/1494144530022547456
The cost of imported goods jumped two percent as American buying power dimmed further amid the biggest jump in inflation in 40 years, Department of Labor data showed Wednesday. This was the biggest jump in import prices in 11 years …
by Shaun Richards The economic story of 2022 so far has been one of inflation rising even further. It was only on Thursday that we discovered that the US Consumer Price Index or CPI had risen to an annual rate …
INFLATION https://t.co/UiB8noE6zn — Amit Noam Tal (@amital13) February 15, 2022 A combination of high taxes and constrained supply continues to push fuel prices ever upwards, with average prices at the pump reaching a dizzying new high in the United Kingdom, …
This is so great!! Higher prices!! Lower real incomes!! Exactly what everyone at the @federalreserve has been calling for for a decade! God I wish someone would give me a huge nationwide advertising budget. pic.twitter.com/F07TDAWkxZ — Rudy Havenstein, Senior Markets …
BY JOHN RUBINO Cars used to be the quintessential depreciating asset. Drive a new one off the lot and you were immediately down 40%. Subsequent declines were slower, but they never really stopped. But that was before Fed stimulus escaped from …
by Martin Armstrong The Cincinnati Bengals will face the Los Angeles Rams in Super Bowl LVI. The biggest sporting event of the year in the US is also the most coveted advertising opportunity. Despite rising ad prices, NBC has managed …
Soaring car prices have set off a battle between automakers and independent dealers, with consumers routinely paying hundreds, often thousands, more than the listed price amid a protracted vehicle shortage. Ford and General Motors recently upbraided dealers for ignoring the …
Hyperinflation in commodities prices pic.twitter.com/YWWtVeT73E — Alessio (@AlessioTMAD) February 12, 2022 Game on. Strong move on the gold-to-S&P 500 ratio after retesting its recent breakout. This is an early move. Gold looks to be out of a bullish pennant and precious metals are …
Kellogg may cover higher input costs due to skyrocketing inflation with higher prices and productivity, CEO Steve Cahillane told CNBC on Thursday. “We don’t want prices to get too high, but we’re in an environment where it’s broad-based, it’s across …
BY JOHN RUBINO Today’s inflation report was, by any measure, horrific. 7% in a country where 2% was, until recently, the upper end of the government’s target range, pretty much guarantees some kind of aggressive response from the Fed (or the bond or …
https://www.youtube.com/watch?v=aMK7iF5100U U.S. consumer prices rose solidly in January, leading to the biggest annual increase in inflation in 40 years, fueling financial markets speculation for a hefty 50 basis points interest rate hike from the Federal Reserve next month. The broad …
U.S. oil prices have spiked to a seven-year high of $90, reaching their highest rates since Barack Obama was in the White House. Crude prices jumped 2.2% in afternoon trading, peaking at just over $90 per barrel, a rate not …
Big, big trouble for the White House. U.S. average retail gasoline price has hit its highest since Sep 2014 at $3.343 per gallon, according to motoring club AAA. Every state (including the likes of Mississippi and Alabama) is above $3. …
https://twitter.com/baw690/status/1488879350329970690 Janet Yellen defended the size of the stimulus package that many blame for fueling inflation, though she conceded that describing rising prices as “transitory” was a mistake. — unusual_whales (@unusual_whales) February 3, 2022 Food Prices Climbing Closer Toward …
by Shaun Richards We can continue with an element of yesterday’s theme except we can spin it around because you see whichever research student at the Bank of England is presenting the morning meeting will have heaved a sigh of …
by Michael Snyder I am going to try to make as much noise about this crisis as I can, because we have never faced anything like this in modern times. Global fertilizer prices have tripled, and we are being warned …
by Financial Argument via Financial Argument Some people won’t believe that 2022 is the year when the global food crisis will set in. Food shortages will become a stark reality. Unfortunately, some people won’t see this until they find their supermarket shelves completely …
by Mike Gleason 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 took a hit this week following the Federal Reserve’s meeting announcement. Although Fed officials didn’t make …
by confoundedinterest17 Here is a lesson in Bidenomics. “Going Green” sounds great to some (like Al Gore, Leonardo DiCaprio and Greta Thunberg), but there are costs to not growing America’s energy supply. Rising energy costs have helped create the rise …
