prices

The Core! Core Inflation Fastest Since February 1992 (3.8% YoY, Higher Than Forecast) Home Prices Growing At 13.9% Clip

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by confoundedinterest17 Inflation is on the mind of many investors. Whether it is permanent or transitory. US Core inflation (CPI less food and energy) rose 3.8% year-over-year and beat expectations of 3.5% year-over-year. Core inflation is the highest since February 1992. CPI overall rose 5.0% year-over-year, beating the expectation of 4.7%. Used cars once again led … Read more

This is why house prices are shooting up

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Blackrock is buying every single family house they can find, paying 20-50% above asking price and outbidding normal home buyers. Why are corporations, pension funds and property investment groups buying… https://twitter.com/APhilosophae/status/1402436816192503818 https://twitter.com/APhilosophae/status/1402438754804064262 https://twitter.com/APhilosophae/status/1402440093072343043 Tim Pool: WALL STREET ELITES ARE BUYING UP EVERY HOUSE, ITS THE GREAT RESET, YOU WILL OWN NOTHING AND BE HAPPY   … Read more

Border surge sends prices soaring; Smugglers can earn $200,000…

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This is the first in a three-part series. Victoria Perez spent 10 months as a migrant smuggler. When agents finally caught up with her, she told them she had made $200,000 over that time, working two days a week, driving migrants through a Border Patrol highway checkpoint near El Paso, Texas. She charged $1,500 per … Read more

Nationwide chicken wing shortage sends Florida prices soaring

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“There’s 300 cases that are allocated for two counties I believe, they were gone in two minutes,” Hamm said. At the beginning of the year, a case of wings sold for $70-90 a case. Now they are about $150 a case. Consumers are also seeing an increase. On average ten wings sell for about $11. … Read more

Surprise? Citi Inflation Surprise Index Hits All-time High (Used Car Prices Rise 48.2% YoY)

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by confoundedinterest17 With The Federal Reserve going where no central bank has gone before and the Biden Administration and Congress spending like spoiled children, it is no surprise that Citi’s Inflation Surprise Index is off the charts and at its highest reading since its inception. Used car value index (according to Manheim) is up 48.2% YoY. … Read more

Lumber Prices Slump As Historic Boom Hits A Wall

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Lumber Prices Slump As Historic Boom Hits A Wall Lumber futures on Chicago Mercantile Exchange fell -3.1% to $1,284.20 per 1,000 board feet, extending last week’s first loss since January. For the last 18 trading sessions, lumber prices have come under pressure amid signs that an unprecedented rally may be waning. Citing data from trade … Read more

Top 10 U.S. Cities by Fastest Growing and Declining Rent Prices

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by howmuch When considering a rental property usually the price, among other factors, determine if the option is a yay or nay. During 2020 with telework mandated for many across the nation, many Americans opted for new surroundings, free from the restrictions they once had. As such, various U.S. cities experienced increases and decreases in … Read more

Food Prices To Soar Higher As California Farmers Destroy Crops Because Dust Bowl Condition Spreading

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https://www.youtube.com/watch?v=DJt9LyJKyB4 Every single American is going to be deeply affected by the crisis that is unfolding in California right now. The state has almost 25 million acres of farmland, and it produces the vast majority of the fruits and vegetables we consume in the U.S. However, as a catastrophic megadrought has started to devastate millions … Read more

Food Prices To Soar Higher As California Farmers Destroy Crops Because Dust Bowl Conditions Continue To Spread

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by Michael Snyder What is happening in California right now is going to affect every man, woman and child in the entire country.  Today, California has 24.6 million acres of farmland, and the state produces more of our fruits and vegetables than anyone else by a very wide margin.  So if agricultural production is dramatically reduced because … Read more

Food Prices Are Rising and Civil Unrest Will Begin! Stimulus Ending Creating Perfect Storm

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First inflation, then stock market correction. Right now more money moving into the stock market. Value stocks have seen more inflows and tech stocks and other growth stocks are also performing well. More money is being pumped in from all sides, creating a massive bull market that apparently will never end as we are on … Read more

Gas prices. Will get even worse!

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Biden stops drilling leases in the Arctic The Biden administration plans to suspend Arctic drilling leases issued during the last days of Trump’s term. The Biden administration on Tuesday said it would suspend oil drilling leases in the Arctic National Wildlife Refuge that were issued in the waning days of the Trump presidency.The decision could … Read more

Biden pledges to tackle monopolies, supply shortages as prices rise

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By Andrea Shalal and Trevor Hunnicutt CLEVELAND, May 27 (Reuters) – President Joe Biden pledged on Thursday to root out anti-competitive business practices and ease construction materials shortages and transportation backups that are causing price hikes across the country. “In the coming weeks, my administration will take steps to combat these supply pressures, starting with … Read more

Be Prepared! Stockpile and Get Ready For Historic Food Shortages As Prices Reach Incredible Levels

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by Financial Argument via Financial Argument I’m sure you’re all feeling the rising food prices, but as the experts have warned, we can expect this to continue for at least another year or year and a half. But who can guarantee that it’s won’t get worse, maybe much worse by this time next year? If food prices are … Read more

Thanks Joe! AAA says gas prices highest in 7 years

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Taking to the road over Memorial Day weekend? Experts say gas prices will be around $3.00 per gallon – the highest since the 2014 holiday weekend, according to AAA. According to the United States Energy Information Administration (EIA), the average gas price across the United States for the week of May 17 was $3.11 per gallon. The week before … Read more

The silicon chip shortage is impacting agriculture now, and could inflate food prices for years to come

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by: Lance D Johnson (Natural News) Since the lockdowns began, there has been an increased demand for computers, gaming systems, handheld devices — and the microchips that power these technologies. With schools, medical systems and businesses turning to electronics to maintain operations, the demand for silicon chips has skyrocketed. Companies that make semiconductors have prioritized … Read more

With Skyrocketing Home Prices, Why Is The Fed Continuing To Buy Agency Mortgage-backed Securities?

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by confoundedinterest17 As I observed earlier today, US home prices are skyrocketing due, in part, to the massively loose monetary policy. But if the housing market is on fire, why is The Federal Reserve continuing to support the mortgage market through Agency MBS purchases? Home price growth is at the housing bubble peak of 2005-2007. But since … Read more

Robert J Shiller: ‘Wild West’ mentality is gripping housing…“In real terms, the home prices have never been so high. My data goes back over 100 years, so this is something,”

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. @RobertJShiller: ‘Wild West’ mentality is gripping housing… “In real terms, the home prices have never been so high. My data goes back over 100 years, so this is something,”https://t.co/OF20ev5rsc #home #RealEstate #condo #AML #housing #mortgage #loans #credit #RMBs #SALT pic.twitter.com/Bf50FqiDI4 — Mo Hossain (@MoHossain) May 24, 2021 https://twitter.com/JGreenwald86/status/1396877348822257671

Rick Rule: Shortages To Drive Commodity Prices MUCH Higher

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by Adam Taggart, Founder, Wealthion Rick Rule has invested in hundreds of public and private mining, drilling & farming ventures over his long career as a natural resources investor. And based on that expertise, he sees a very bright future ahead for commodities and the companies that produce them. Yes, rising inflation and further money … Read more

Goldman Warns Of “Substantial” Surge In Home Prices, Expects Bigger Housing Bubble Than 2007

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https://www.youtube.com/watch?v=G-hYJ_HJ7r0 Home prices are soaring at the fastest pace in over 15 years, and a panic buying wave for homes has been inflating the real estate price bubble to levels never before seen. Entire swaths of the population are getting priced out of the market as affordable homes are now impossible to find. As a … Read more

Brace For Dangerous Prices: Global Supply Chains Are Shrinking And Causing Starvation On The Planet

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https://www.youtube.com/watch?v=CeKtb9VvtZM Every day it goes by we are learning that things are getting even worse than we originally thought. Global supply chains are in utter chaos and the situation is being aggravated by a number of different factors, so it doesn’t seem this crisis will be reversed any time soon. Now, widespread crop failures are … Read more

Homebuyers are applying for ever bigger mortgages as home prices soar

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Mortgage applications to purchase a home fell 4% last week from the previous week. The average purchase application size hit $411,400 — the highest since February. The average rate for 30-year fixed-rate mortgages increased to 3.15% from 3.11% Sky-high home prices mean demand for ever bigger mortgages, but those prices may also be causing a … Read more

How In The HELL Are Home Prices $400,000 Average in COMPTON CA.?

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https://www.movoto.com/compton-ca/market-trends/ Average home prices in Compton California are between $300,000 and $450,000! How is this possible? The demographic has changed now to 2/3 Hispanic and nearly 1/3 black, with white being 1% Watts is not that much cheaper! This is nearly a half million dollars to live in what was once the most black gang … Read more

Jason Burack: Copper, Iron Ore & Base Metal Prices On Fire! What Can Stop Their Bull Market?

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Wall St. For Main St., Released on 5/17/21 Before a correction late last week, iron ore prices popped 10% in a short amount of time. Iron Ore Turns ‘Very Hot’ as 10% Surge Adds to Commodities Boom https://finance.yahoo.com/news/iron-o… Copper prices are near an all time high and copper has rallied from $2.33/lb in mid May 2020 … Read more

Gas SHORTAGE as Fuel Prices Soar! 24 More Businesses Hit by CyberAttack!

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Prices of all commodities continue to rise. Inflation is not temporary. More money moving into the stock market. Value stocks have seen more inflows and tech stocks and other growth stocks are also performing well. More money is being pumped in from all sides, creating a massive bull market that apparently will never end as … Read more

Gasoline Panic Buying Sweep Across US: Prices Are Soaring As Gas Shortage Gets Much Worse

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Americans are deeply anxious after the Colonial Pipeline cyberattack halted the delivery of millions of gallons of fuel to several states and resulted in gasoline shortages at many stations across the country. People have already started to panic buy and hoard gasoline gallons despite skyrocketing prices at the pump. The situation is being compared to … Read more

Yikes! Corn Prices Are Up Roughly 50% In 2021 As Americans Brace For Years Of Horrific Food Inflation

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by Michael Snyder It sure didn’t take long for the Joe Biden era to start resembling the Jimmy Carter era.  Prices are going up so fast that even the mainstream media can’t stop talking about it.  This has already become a major national crisis, and it should be exceedingly obvious to everyone that it is only … Read more