prices

US Real GDP Plummets To 1.33% As Fed Continues To Help Inflate Prices (Baltic Dry Shipping Price Index Soars!)

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by confoundedinterest17 The Atlanta Fed’s real-time GDP tracker fell … again … to 1.33% as The Federal Reserve continues its bizarre monetary stimulus. The culprits? Declining auto sales, manufacturing, etc. I have discussed soaring prices since Biden’s election (food, energy, housing, rent, etc). But another soaring price component is shipping costs. Up 315% since mid-February. While Trump’s slogan … Read more

The EU Is Panicking Over Skyrocketing Energy Prices

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By Tsvetana Paraskova The benchmark European gas prices continued their rally this week, surging to new record highs on Wednesday Five European countries, which include Spain and France, issued a joint statement on Wednesday on the troublesome high energy prices The statement calls for a probe into the gas market and for a reform of the … Read more

If Energy Prices Go Parabolic, Gold and Silver Will Go Parabolic x 3

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by Dave Kranzler of Investment Research Dynamics Commodities are historically cheap to the S&P 500. This is after the monster move over the last 18 months ignited by the Fed more than doubling its balance sheet over the next same time period. Funny thing about looking at a chart of commodities. That rally largely has not included gold … Read more

Consumer Sentiment For Housing Falls Due To Skyrocketing Home Prices (Consumers Get Powell’d!)

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by confoundedinterest17 I have a new term for consumers that get beaten-up by The Fed’s massive distortion of markets. I call this being “Powell’d”. The latest example of consumers getting Powell’d in the University of Michigan consumer survey. Buying conditions for housing just fell to the lowest level since 1982. Foul Powell on the prowl. Dracula’s … Read more

Electricity Prices Are Skyrocketing To Their Highest Level In At Least Ten Years In Germany… Euro Zone Inflation Hits Highest Level In 13 Years

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Today's update on the European Energy Crisis via @SchuldensuehnerElectricity prices are skyrocketing to their highest level in at least ten years in #Germany, where the energy crisis is also hitting hard #natgas #DAX #ONGT Updatehttps://t.co/Xc1pQki3LF pic.twitter.com/Q5F6W8F6mF — Traders Community (@TradersCom) September 30, 2021 It comes after German consumer prices rose by 4.1% in September — … Read more

Stock, Bond, Real Estate Prices All Uncomfortably High… ‘YOLO’ generation ready for anything, even crash…

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The prices of stocks, bonds and real estate, the three major asset classes in the United States, are all extremely high. In fact, the three have never been this overpriced simultaneously in modern history. What we are experiencing isn’t caused by any single objective factor. It may be best explained as a result of a … Read more

Natural Gas Prices Heating Up, Breakout Would Bring Major Pain!

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by  Kimble Charting The price of natural gas is a closely watched economic input, similar to crude oil, gasoline, and interest rates. When these economic inputs are rising, then we tend to worry about inflation. Today, we take a closer look at a long-term chart of natural gas. As you can see on today’s “monthly” … Read more

Celeb chef slammed over restaurant prices… $135 burger, $852 steak…

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A CELEBRITY chef has been slammed over the astonishing prices in his London restaurant – after a receipt showing a £630 charge for a single steak went viral. Nusret Gökçe, who became an internet sensation as ‘Salt Bae’, recently opened his 15th restaurant, in Knightsbridge. But Brits hoping to visit for dinner might be better … Read more

Sydney property market: The prices have been skyrocketing even during the pandemic but the global real estate crisis might be trickling into Australia.

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Sydney’s hot property market could be heading for a crash if regulators don’t step in to slow things down. That’s the message from the International Monetary Fund and comes just days after two of our major banks issued their own warnings. h/t omahabeachwallstreet

New Home Sales Beat Expectations As Median Prices Soar 20.1% YoY (Green Man!)

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by confoundedinterest17 New Home Sales beat expectations thanks to the massive monetary stimulus in the system that The “Hawkish” Fed seems to not want to withdraw. Aka, Greenman! (Bloomberg) —  Aug. new home sales rose 1.5% to 740,000 annual rate Forecast range 650k-784k from 60 estimates, median 715k New home sales rose 11k in Aug. … Read more

It has already begun. This is a Swedish newspaper warning that the prices for food will go up and prepare people for inflation.

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It has begun. Shortage stories from Swedish supermarkets only this summer include: “We have had zero sugar delivered in the past three weeks” “We’re currently unable to source canned tomatoes” “There’s no pasta available at the wholesalers” “Dear customer, due to extremely high demand we are unable to shelve certain staples fast enough”   h/t Objective-Orange926

Kyle Bass: President Xi Wants Evergrande Blowup To Help Lower Housing Prices

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CNBC, Released on 9/21/21 CNBC’s “Squawk Box” team discusses Evergrande’s debt burden and whether it is a symptom of deeper China issues with Kyle Bass of Hayman Capital Management. Kyle Bass is an American hedge fund manager. He is the founder and principal of Hayman Capital Management, L.P., a Dallas-based hedge fund focused on global … Read more

Keep printing… Global food prices jump 33% in August from a yesr ago…. ECB really wants energy hyperinflation

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  Keep printing… Global food prices jump 33% in August from a yesr ago. pic.twitter.com/tFFMGfAXfL — Daniel Lacalle (@dlacalle_IA) September 16, 2021 Electricity prices in Europe…. pic.twitter.com/c7Zdjyd24d — Russian Market (@runews) September 16, 2021 *ECB ALSO TO STUDY REPUTATIONAL, OPERATIONAL RISKS BANKS FACE *ECB CLIMATE TESTS TO LOOK AT MARKET RISK AS WELL AS LOAN … Read more

US Workers Made Only 8 Cents More Per Hour, Inflation-Adjusted, Than In January 1973 (While Real Home Prices Soar)

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by confoundedinterest17 The US Bureau of Labor Statistics released their Real Earnings Report for August yesterday. And is it pretty depressing for US workers. Real average hourly earnings for all employees increased 0.4 percent from July to August, seasonally adjusted. This result stems from an increase of 0.6 percent in average hourly earnings combined with an increase of … Read more

August US Inflation At 5.3% YoY, Real Avg Hourly Earnings At -0.9% (Gasoline Up 42.7% YoY, Used Cars And Trucks Up 31.9% YoY, Home Prices Up 18.6% YoY)

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by confoundedinterest17 US inflation remained about the same in August as it was in July. CPI YoY fell ever so slightly from 5.4% in July to 5.3% in August. Real hourly earnings remain negative. The source of consumer inflation? Gasoline prices rose 42.7% YoY while used cars and trucks rose 31.9% YoY. Shelter rose 2.8% YoY. That … Read more

Fox News: Prices “Surging,” “Perfect Storm For Prices to Go Up”… Home Prices and Rent Hit New High YoY in US

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https://twitter.com/leadlagreport/status/1437892026276663301 Price increases over last yr (CPI report)…Gasoline: +42.7%Used Cars: +31.9%Gas Utilities: +21%New Cars: +7.6%Overall CPI: +5.3%Electricity: +5.2%Food away from home: +4.7%Transportation: +4.6%Apparel: +4.2%Food at home: +3.0%Shelter: +2.8%Medical care service: +1.0% — Charlie Bilello (@charliebilello) September 14, 2021 Global Debt Hits A Record $300 Trillion, Up $36 Trillion Since COVID https://t.co/irod6Nh0df — zerohedge (@zerohedge) September … Read more

Strategists See Trouble Brewing in Stock Market… Wholesale Prices Jump 8.3% in Year… Americans Turn Pessimistic…

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Trouble Is Brewing Beneath The Surface Of The Stock Market Summary Slowing growth is here and already has been picked up by the more economically sensitive parts of the market. There are fewer and fewer stocks leading the markets higher. These divergences suggest that all is not well beneath the surface. Looking for a helping … Read more

U.S. Producer Prices Increased in August by More Than Forecast (Hot, Hot, Hot!) Fed Pouring Money Into Clogged System

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by confoundedinterest17 Producer prices are getting hot, hot, hot! (Bloomberg) — Prices paid to U.S. producers increased in August by more than forecast as persistent supply chain disruptions squeeze production costs higher.  The producer price index for final demand increased 0.7% from the prior month and 8.3% from a year ago, a fresh series high, Labor Department data showed … Read more

*via easy money, record profits, overvalued equity prices – global M&A activity has hit nearly $4T YTD… The big companies are getting bigger… Competition is fading faster and faster

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*via easy money, record profits, overvalued equity prices – global M&A activity has hit nearly $4T YTD The big companies are getting bigger (dominating markets) as corporate concentration gets worse and driving further inequality Competition is fading faster and faster https://t.co/sFE1eE9Yb2 pic.twitter.com/AgX9nJ4SKx — Adem Tumerkan (@RadicalAdem) September 6, 2021 And the bigger these firms get … Read more

California gas prices set to soar again as tax hike takes effect

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Gas prices in California, which are already the nation’s highest, are poised to climb further on Monday as a state gas tax increase goes into effect. The tax increase of 5.6 cents a gallon is the latest uptick in the Golden State since 2017, when lawmakers based a bill aimed at raising $5 billion a … Read more

Surging Home Prices and Gold – What’s the Link?

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by Arkadiusz Sieron of Sunshine Profits US home prices are surging, increasingly raising worries about inflation. Could gold follow houses? If so, why? Home price growth in the US has accelerated even further, reaching a new record. The S&P/Case-Shiller U.S. National Home Price Index rose from 255.3 in May to 260.9 in June, boosting the annual percentage gain … Read more

Asset Prices Collapse Near, Fed Can’t Raise Rates Much, And Why Gold & Silver Prices Are Down

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Michael Pento with Patrick V. on Silver Bullion TV SBTV spoke with Michael Pento, founder of Pento Portfolio Strategies, about how the Fed’s Taper Tantrum specter will affect markets. If the last taper exercise could not raise rates beyond 2.5%, the Fed knows they risk collapsing asset prices should rates are hiked a tad too high! FULL SHOW NOTES … Read more

Electrical Collapse What You Missed While Gas Prices Spike

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Louisiana electrical infrastructure is set back as high voltage cable towers crumble and the largest eight cable tower falls into the Mississippi River blocking barge and ship traffic. Gas prices at seven year highs and if you buy an electric vehicle, calls for taxes by road mile as no petrol tax will be collected. So … Read more

Consumer Spending Set to Crash as Prices Rise and Stimulus Ends… The Rent Is ‘Too Damn High’… Former Fed. President Warns Of IMMINENT Financial Crisis.

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The rent is ‘too damn high’ Apartment List National Rent Report https://t.co/KeEDtEpian — Peter Boockvar (@pboockvar) August 31, 2021 Since January 2021, the national median rent has increased by a staggering 13.8 percent. To put that in context, rent growth from January to August averaged just 3.6 percent in the pre-pandemic years from 2017-2019. https://t.co/HAnSpA7cyJ … Read more

Inflation Watch! July PCE Deflator Rises To 4.2% YoY (Home Prices Growing At 16.6% While M2 Money Growing At “Only” 12.1%)

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by confoundedinterest17 Fed’s Favorite Inflation Measure Surges At Fastest Pace In 30 Years As Spending, Incomes Rise! Federal Reserve Chairman Mao Powell will be speaking at 10am EST in his virtual Jackson Hole KC Fed Conference speech. He might actually save his blockbuster comments for the next Fed meeting, instead just hinting at what The Fed might do … Read more

US Q2 GDP Prices Rise 6.10% Compared To Home Prices Rising At 16.61% YoY While Avg Hourly Earnings Rising At 4.70% YoY (UGLY Chart Warning!!)

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by confoundedinterest17 For your viewing pleasure. Looks an awful lot like 2005 before the housing price crash, financial crisis and Great Recession. US home prices, HOUSING inflation, is growing at 16.61% YoY, GDP Price index QoQ (annualized) is growing at 6.10%, and average hourly earnings is growing at 4.20% YoY.