via @OccupyWisdom : Shiller US Home Price Index in dollars – all time high Shiller US Home Price Index in Gold – just approaching 1890 levels No inflation in 130 years priced in gold
by Jesse Colombo A very dangerous fallacy has taken the world of economics by storm over the last several years: the idea that there is very little inflation in the U.S. economy, therefore interest rates should remain at unusually low …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Here’s how it works. Meanwhile, the media is busy publishing real-estate industry hype. This is a shorter, less angry version of my podcast last Sunday (as many have found out, I’m freer when I talk than when I …
via mises.org: Financial markets seem to have a great deal of confidence in the effectiveness of central bank monetary policy — in the sense that by keeping interest rates low, or bring interest rates down, the economies will keep expanding and …
By Harry Dent I’m heading back to Australia for a six-city tour – Auckland, Perth, Adelaide, Melbourne, Sydney, and Brisbane – from April 24 to May 3. Usually, I only go once a year. This latest will be my third …
By Tsvetana Paraskova Oil prices gained around 30 percent in the first quarter this year, with both WTI and Brent posting their best quarterly performance in a decade—since the second quarter of 2009. At the start of the second quarter of …
London is getting hit pretty hard right now. If you’re in London or the surrounding area, please let me know what you’re seeing. Also, my friends in Ireland, are you seeing prices increase? I do believe Ireland will be negatively …
by Shaun Richards Sometimes it helps to look back so let us dip into Yahoo Finance from the 17th of December last year. Home price growth has slowed for six consecutive months since April, according to the S&P CoreLogic Case-Shiller …
by Egon von Greyerz One of the Fed’s three main objectives is to maintain stable prices. But they have never achieved that at least not since 1971. Again, the Fed did a volte face because they have a total inability …
Whole Foods will slash prices on hundreds of items starting Wednesday Whole Foods will slash prices on hundreds of items starting Wednesday. Customers will save an average of 20 percent on the new reduced-price items. It expects to focus its …
by Shaun Richards This morning has brought us up to date with news from what the Men at Work described as. Living in a land down under Where women glow and men plunder Can’t you hear, can’t you hear the …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Home prices that rise faster than wages – as they have done for years now – are not a free lunch for the economy. And now there is no good way out (9 minutes). …
By Tom Kool Oil prices closed the week on a positive note, as professional buyers are more convinced that oil is trending higher in the short term. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click …
Refinery Woes Send Gas Prices Soaring At The Pump SAN FRANCISCO (KPIX 5) — Gas prices across California are averaging $1 above the national average and refineries are being blamed for the higher prices. A gallon of gas will cost you …
By Julianne Geiger President Donald Trump called OPEC out on Twitter once again on Thursday, pressing the oil “monopoly” to stop driving prices higher. The US President’s latest tweet, while calling on the cartel to “increase the flow of Oil”, …
An online campaign has been launched against a US drug maker accused of inflating prices of an anti-HIV drug by thousands of dollars. And it turns out the company doesn’t even own the patent for the treatment. https://www.youtube.com/watch?v=AcxEHT0rR4E
by Michael Snyder According to Agriculture Secretary Sunny Purdue, there “may be as many as a million calves lost in Nebraska” due to the catastrophic flooding that has hit the state. This is not a rumor, this is not an …
The biggest floods to hit the USA Midwest crop growing belts since 1993 and 1927, this appears to be the largest event event ever recorded in that area of North America in the last 150 years. Since the trade war …
LOS ANGELES (KABC) — Problems at refineries have caused gas prices to rise over 4 cents a gallon in Los Angeles County, the largest daily price hike in three years. The average price of a gallon of self-serve regular gasoline …
by notayesmanseconomics One of the reasons that inflation measurement matters was highlighted yesterday mostly unwittingly I think, If we look at the subject of real wages in the UK we were told this. Including bonuses, average weekly earnings for employees in …
From Birch Gold Group This week, Your News to Know rounds up the latest news involving precious metals and the overall economy. Stories include: Expert says all signs point to higher gold prices, the ingredients for silver’s breakout are here, and gold is …
By Tom Kool Oil prices sold off on Friday on weak data from China, poor jobs figures in the U.S., and news that Norway’s sovereign wealth fund was divesting from the oil sector. (Click to enlarge) (Click to enlarge) (Click …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Inventory continues to surge. Potential buyers move on. Here is the good news: Lower prices stir sales. Clearly, homebuilders are motivated to move their inventory, and they’re making deals at lower prices. The median price of …
by Shaun Richards A subject raised by many of you in the comments section has been given something of an airing in The Times newspaper. An article has been written by Paul Johnson of the Institute of Fiscal Studies and …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Bitter irony: Government told first-time buyers 5 months before bust began to “get into the Sydney housing market”; once in, “you’re pretty well set for life.” “Nothing goes to heck in a straight line” because …
by adamreddy Retailers, particularly in the hospitality sector are colluding to significantly raise prices online. Hotels typically dynamically adjust their pricing based on availability. However in recent years, they have shifted to using AI algorithms to adjust their pricing based …
via Zerohedge: After NAHB’s optimism rebounded sharply earlier this week, all eyes are on this morning’s existing home sales data for any signs of optimism. Alas, with consensus expecting a tiny rebounding in January following December’s sharp drop, the deterioration …
by Mac Slavo of SHTFplan Almost 80% of Americans live paycheck to paycheck barely able to afford to put food on the table. That’s terrible news considering the predictions currently assume that grocery prices will steadily continue to rise during 2019. Grocery prices …
Why is Apple so expensive? from CNBC. via CNBC: Retailers across China are slashing prices of the iPhone. Sales of Apple’s flagship product are down nearly 20 percent in China, according to research firm IDC. Comparable phones in China retail …
Amazon has been trying hard to remake Whole Foods’s “Whole Paycheck” image, but facing rising costs, the premium grocery chain has increased prices on a number of items. Whole Foods has raised prices on hundreds of items in the past …