UK unemployment surges 1,000% above forecast
🚨UK unemployment surges 1,000% above forecast 🚨 😬 https://t.co/VNP5S2krPn — Financelot (@FinanceLancelot) December 13, 2022
surges
Russian banks face gold bar shortages as local demand surges
(Kitco News) As Russian investors embrace gold this year, local banks face shortages of smaller troy-ounce gold bars. The surge in demand comes after Russia scrapped the 20% value-added tax on metals purchases back in March and then got rid of …
The Bank of England misleads on inflation as the money supply surges
by Shaun Richards This week it is the Bank of England which is in focus as there are quite a few matters on its plate. On Wednesday night it will vote on how much to increase UK interest-rates via its …
How do the inflation numbers miss the surges in Rents and Mortgage Costs?
by Shaun Richards We find ourselves in a situation that has not been seen for several decades. There is a link to yesterday’s topic which is the catastrophic mess out political class have made of out energy supply which contributes …
Used cars cost $10,000 more than ‘normal’ as inflation surges: analysis
In June, listing prices for used cars were $10,046 higher than what they would be under normal market conditions, according to a report conducted by CoPilot, an online used car marketplace. The dollar increase marked a 43% uptick compared to projections …
Clown World Economy: Oil Surges after Biden’s Failed Attempt to Convince Saudis to Pump More
by Chris Black So gas back up to $5 despite crude falling 20% and going back up 3%. Got it. Build back better 🥲https://t.co/lULsfEL4gd — Mostly Peaceful Memes (@MostlyPeaceful) July 18, 2022 Maybe it had something to do with this: …
Yuan-ruble trading surges more than 1,000% as China and Russia draw closer together amid US tensions
(Business Insider) Trading of China’s yuan and Russia’s ruble has soared more than 1,000% since the war in Ukraine began, according to data reported by Bloomberg, as the two countries strengthen ties. Monthly yuan-ruble volumes have risen 1,067% to just …
US dollar index surges to a new 20-year high as rivals crumble. Strongest dollar since December 2002
THE US dollar surged to its highest levels in 2 decades on Thursday (Apr 28), propelled by widespread weakness in its major rivals, such as the yen and the euro. Against a basket of major currencies, the US dollar index …
US producer price inflation surges to 10% in February, the highest annual increase on record.
https://twitter.com/disclosetv/status/1503713905763360777 New Post: 7-Chart Monday…https://t.co/3yu0uexqPD pic.twitter.com/l8Hg54HErc — Charlie Bilello (@charliebilello) March 14, 2022 View post on imgur.com h/t dr0id
USD Inflation surges 7.9% on an annual basis, highest since 1982 (according to newly released CPI Report)
by ShotBot The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.8 percent in February on a seasonally adjusted basis after rising 0.6 percent in January, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, …
US Inflation Surges To 7.5% YoY, REAL Weekly Wage Growth Falls To -3.1% YoY (Taylor Rule Now Suggests Fed Funds Target Rate Of …18.90%)
by confoundedinterest17 As expected, US inflation surged from 7.0% in December to 7.5% in January. REAL average weekly earnings growth YoY fell to -3.1%. Energy prices YoY lead the wage (fuel oil UP 46.5% YoY). Used cars and trucks UP 40.5%. …
GameStop Stock Surges After Entering Cryptocurrency and NFT Markets
by Chris Black The stock is still more than double the company’s real all-time high in 2007 when the company was actually profitable. GameStop has proven that not having a business model and going bankrupt is the greatest business decision …
100% legit Dog-themed cryptocurrency surges 3,500% after Elon Musk Christmas tweet
It’s a crypto Christmas miracle. A cryptocurrency named after Elon Musk’s dog multiplied in value this weekend after the world’s richest man posted a photo of his cute canine on Twitter. Santa Floki coin — named in a Christmas-themed reference …
UK inflation surges to over 7% in November
by Shaun Richards This morning some chickens have come home to roost in the UK. Something that I have warning about since the Bank of England started to pump up the money supply is now really hitting both workers and …
TWITTER JACK TO STEP DOWN STOCK SURGES
Twitter CEO Jack Dorsey is expected to step down from his executive role, sources tell CNBC’s David Faber. Twitter stock jumped more than 11% on the news. Dorsey currently serves as both the CEO of Twitter and Square, his digital …
Inflation surges to highest level in 30 years, Biden is about to press ‘panic button’ – Steve Hanke
Kitco News, Released on 11/10/21 Inflation surges to the highest level in 30 years, with headline CPI at 6.2% and core CPI at 4.6%. Steve Hanke, professor of applied economics at Johns Hopkins University, discusses with David Lin, anchor for …
Dem cries to ‘defund police’ fade as crime surges… Keep or Replace? Fate of Minneapolis Force in Voter Hands…
Democratic cries to ‘defund police’ fade in U.S. mayoral races as crime surges Oct 29 (Reuters) – Felicia Moore, Atlanta’s city council president, vows to hire 250 police officers to help combat her city’s rising crime rate if she is …
China Gold Buying Surges on Evergrande Crisis
From Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Asian gold demand is picking up, EVs as the biggest driver of silver’s gains, and amateur divers …
UK CPI inflation surges by a record amount just as a fire has been lit under energy costs
by Shaun Richards This morning has been one for team inflation. As ever the situation was one where the expectations were caught out although not if you had listened to this week’s podcast. So let us get straight to it. …
As ‘buy now, pay later’ surges, third fall behind on payments…
A third of U.S. consumers who used “buy now, pay later” services have fallen behind on one or more payments, and 72% of those said their credit score declined, a new study published by personal finance company Credit Karma showed. …
Inflation surges to 10-year high in euro zone
Some inside and outside the bank believe it’s high time that the ECB reduces its monetary stimulus as global supply chain problems push prices higher for all sorts of goods. But uncertainty over the coronavirus pandemic still remains. FRANKFURT — …
Credit Card Debt Surges as 7.5 Million Lose Unemployment Benefits! Harder Path Ahead
Millions of people have lost their unemployment benefits. The U.S. consumer is maxed out. They need more stimulus in order to continue this economy. And of course, stocks need their artificial boost as well. The U.S. consumer is maxed out. …
Russian investment in precious metals surges to record levels
The volume of funds held in Russian metal accounts saw a dramatic year-on-year surge of nearly 56%, according to the latest statistics published by the Bank of Russia. As of August 1, 2021, the holdings allocated in gold and other …
Real core retail sales* growth declines… dollar surges, 10y finds support… Margin debt down for the first time since March 2020.
Margin debt down for the first time since March 2020.https://t.co/AjNCncNB5K pic.twitter.com/N3J0cEXnza — Randy Woodward (@TheBondFreak) August 17, 2021 #USD hitting the top of the range, again! If it continues to rise from here, risky assets are likely to struggle. …
Bitcoin Surges Above $43,000! New Bill Run or Dead Cat Bounce?
Credit card debt is a serious issue today as it has surged at a record pace. Inflation is everywhere today! Real estate continues to increase in price right now as we see low interest rates keep this going. There is …
Nonrevolving Consumer Credit Surges In May The Most In History As Wells Fargo Shutters Its Personal Lines Of Credit (Well, THAT Escalated Quickly!)
by confoundedinterest17 The Federal Reserve released its monthly consumer credit report for May and its a doozy. Non-revolving credit increased the most in history! At the same time, Wells Fargo announced it is shutting down all personal lines of credit. The …
Human Trafficking Surges at US/Mexico Border: Will & Amala React
https://www.youtube.com/watch?v=asct_lziJQ8 Will and Amala are back today to talk about human trafficking at the southern border in an exclusive interview with Operation Underground Railroad founder Tim Ballard. PLUS, China shut down the last free newspaper in Hong Kong, PragerU’s new …
Producer Price Inflation surges in Spain
by Shaun Richards Some days the economic news just rolls neatly into the current economic debate and this morning is an example of that. If we look at Spain we are told this. The annual rate of the general Industrial …