KABUL, Aug 22 (Reuters) – A week after the Taliban’s lightning seizure of Kabul, growing numbers of people in the Afghan capital are facing a daily struggle to get by with their jobs gone, banks still shuttered and food prices soaring. The thousands crowded outside the airport entry points and fighting for seats on flights … Read more
Owners’ equivalent rent of residences, which makes up almost a quarter of the consumer price index, rose 2.4% in July from a year earlier versus reality where rents on newly signed leases surged 17% in July when compared to what the prior tenant paid, reaching the highest level on record, according to RealPage. What … Read more
Empty grocery shelves are everywhere. It’s a major problem all across the nation and consumers have been expressing their frustration with the lack of supplies and the soaring price of everything. More than one year later, the health crisis continues to have an impact on the things Americans love to buy, even their favorite food, … Read more
by confoundedinterest17 The NAHB Homebuilder confidence index dropped to a 13 month low as building materials rise by 19.4% YoY. Of course, then we have the University of Michigan conditions for buying a home crashing as well. Rising home prices and rising construction material costs? Yikes. Of course, the NAHB had this to say: “Our expectation … Read more
Lumber prices have tumbled 70% in the last 14 weeks following a blistering rally Starting its ascent in late October 2020, lumber climbed to a peak of $1,711 over the course of seven months. But it took just 14 weeks to see all those gains erased. The last 14 weeks have seen lumber swiftly give … Read more
by confoundedinterest17 Well, economists were expecting a 7.2% YoY print of the Producer Price Index – Final Demand. But July’s print came in hot … at +7.8% YoY. Compare that with the Core Consumer Price Index YoY of +4.3%. The month-over-month PPI Final Demand is showing a run rate of 12%! (1% in July x 12 … Read more
Fox News reported on rising prices and how “you’re gonna pay through the nose,” during a segment on Fox News’ “Your World with Neil Cavuto” with Neil Cavuto on 8/11/2021. Be sure to like, subscribe, and comment below to share your thoughts on the video.
by: Stefan Gleason The gold market has no shortage of issues following Sunday evening’s “flash crash” that saw prices drop sharply at the open. A mysterious $4 billion sell order – suspiciously placed during the most illiquid time of the day – caused a waterfall $100 decline in gold prices while silver dropped in tandem … Read more
by confoundedinterest17 Simply unaffordable is what singer Robert Palmer would say. Homes, that is. Mortgage applications increased 2.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 6, 2021. The Refinance Index increased 3 percent from the previous week and was 8 percent … Read more
by Dave Kranzler of Investment Research Dynamics In the last FOMC policy announcement, the Fed announced that it is establishing a “standing” $500 billion repo facility open to domestic and foreign banks. A repo facility provides overnight or short term liquidity to the banking system. It moves liquidity around from banks that have it to banks that need … Read more
Fox Boston reported how Tyson Foods is raising prices for restaurants and how pork prices are up 40%, beef up 12%, and chicken up 16%, during a segment on WFXT’s (Fox) “Boston 25 Morning News at 7 AM” (Boston, Massachusetts) on 8/10/2021. Be sure to like, subscribe, and comment below to share your thoughts on … Read more
Supply & Demand: The simple approach to investing in metals. Johnathan More, CEO of Starr Peak Mining LTD., joins us to share his thoughts on what will drive the commodities boom a lot higher. The global currency creation plus limited supply of metals will set up the base and precious metal bull cycle in the … Read more
by Arkadiusz Sieron of Sunshine Profits The latest WGC reports show that institutional allocation to gold will increase. What if there is more to it than just “higher demand, higher price”? In July the WGC published three interesting reports. The first one, Rethink, Rebalance, Reset: Institutional Portfolio Strategies for the Post-Pandemic Period, is an interesting survey of 500 institutional investors around … Read more
Nestlé, the world’s largest food and beverage firm, is announcing this week that it will increase prices on goods due to inflation. Last month, consumer prices increased 5% in June from last year, the biggest monthly gain since 2008.#BidenInflation — Jenny Beth Martin (@jennybethm) August 2, 2021 https://twitter.com/ichazevinci/status/1422176052877594629 Even in their fake polls where they … Read more
by Shaun Richards Sometimes things emerge which make you rub your eyes just to make sure you have read them correctly. An example of this emerged over the weekend as the Financial Times produced this as its lead article to start the week. Pandemic fuels broadest global house price boom in two decades The reason … Read more
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 Zogby Poll, the inflation that the public perceives has increased 10%. That is double what … Read more
View post on imgur.com https://twitter.com/giannaLTM/status/1417867373688786952 Note: She deleted her tweet after the Twitter mob showed up to castigate her. https://twitter.com/giannaLTM/status/1418166298694103045 https://twitter.com/giannaLTM/status/1418185825431572484 h/t dr0id
(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 at fault. Brad Polumbo wrote, for the Foundation for Economic Education, in a posting at … Read more
by confoundedinterest17 I was reading the usual pundits talking about massive increases in housing coming onto the market, then I saw today’s existing home sales numbers from the National Association of Realtors. US existing home sales were up 1.38% in June from May, but up 22.85% YoY. But the scary numbers were median price of existing … Read more
The UK’s competition watchdog has imposed fines totalling more than £260m on pharmaceutical companies after an investigation found that they overcharged the NHS for hydrocortisone tablets for almost a decade. The Competition and Markets Authority (CMA) found that the drug’s makers Auden Mckenzie and Actavis UK, now known as Accord-UK, used their position as the … Read more
Another inflation siren sounding: Producer prices post record spike. Just one day after reporting the highest inflation for consumers since the Great Recession, the Bureau of Labor Statistics sounded another alarm, this time with June’s producer price index. The PPI soared by 7.3% over the past year, the largest annual increase on record, and even … Read more
https://www.wwlp.com/news/local-news/hampden-county/coffee-prices-expected-to-increase-as-farmers-face-export-shortage/
Related: Airline labor shortages cause cancellations, and delays Restaurant workers are quitting like crazy: Morning Brief
Wall St. For Main St., Released on 7/7/21 China to sell more metals from reserves to ensure stable prices https://www.miningweekly.com/article/… China, the world’s top commodities consumer, pledged to release more base metals from its state reserves after completing a first batch of sales in its latest effort to rein in surging raw material costs. More sales … Read more
https://www.thegatewaypundit.com/2021/07/biden-vows-raise-taxes-fossil-fuel-companies-gas-prices-spike-video/ Joe Biden on Wednesday traveled to Illinois to promote his gargantuan infrastructure bill. Biden was greeted by Trump supporters when he arrived in Crystal Lake. 78-year-old Joe Biden delivered speech at McHenry County College where he railed against the wealthy and fossil fuel companies and said they need to ‘pay their fair share’ in … Read more
