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The Coming Inflation Threat: The Worst Of Both Worlds
Sandusky Register The Coming Inflation Threat: The Worst Of Both Worlds Expect falling asset inflation, but rising cost inflation Inflation is a funny thing: we feel it virtually every day, but we’re told it doesn’t exist—the official inflation rate is around 2.5% over the past few years, a little higher when energy prices are going […]
Amid Market Rout, Decade of “Financial Repression” Ends, Capital Preservation Suddenly is a Thing
Amid Market Rout, Decade of “Financial Repression” Ends, Capital Preservation Suddenly is a Thing This will dog the stock market going forward. Fixed-income investors – a financially conservative bunch buying Treasury securities, FDIC-insured CDs, and similar products that largely eliminate risk – have been getting crushed for a decade: Except for brief periods when inflation […]
Americans Live In A World Of Lies
Americans Live In A World Of Lies The US government and the presstitutes that serve it continue to lie to us about everything. Today the Bureau of Labor Statistics told us that the unemployment rate was 3.9%. How can this be when the BLS also reports that the labor force participation rate has declined for […]
America’s Debt Dependence Makes It An Easy Economic Target
America’s Debt Dependence Makes It An Easy Economic Target There is a classic denial tactic that many people use when confronted with negative facts about a subject they have a personal attachment to; I would call it “deferral denial” — or a psychological postponing of reality. For example, point out the fundamentals on the U.S. economy […]
The Real Inflation Rate May Signal That the U.S. Economy is in a Death Spiral
The Real Inflation Rate May Signal That the U.S. Economy is in a Death Spiral Just like a car with a bad cooling system, the U.S. economy may be overheating, and could break down soon. Why? Aside from trade wars, geopolitical tension, and debt, inflation might stand center-stage as the final nail in the U.S. […]
Do You Believe in BLS Unicorns
DO YOU BELIEVE IN BLS UNICORNS? The chart below says there has been 55.6% inflation over the last 20 years. That is just less than a 2.4% annual level of inflation. What a load of bullshit. Let’s look at a couple of categories listed below and do a smell test. Everyone knows the prices of […]
Food: What’s In Your Basket? How Fast Are Prices Rising?
Food: What’s In Your Basket? How Fast Are Prices Rising? The BLS says the CPI rose 2.1% in December from a year ago. Food rose 1.6%. I called the BLS and filled in some numbers. In CPI Up 0.1 Percent: How Much is the CPI Understated? I disputed the BLS’s year-over-year overall inflation figure of […]
Yellen Was Right: “Transitory” Factors of “Low” Inflation Are Reversing, with Much More to Come
Yellen Was Right: “Transitory” Factors of “Low” Inflation Are Reversing, with Much More to Come What’s Boiling Beneath the Surging Inflation? Consumers are going to shell out more money for the same stuff, that’s for sure. Inflation as measured by the Consumer Price Index jumped 2.2% in September compared to a year ago, the Bureau of […]
Lies, Lies & OMG More Lies
LIES, LIES & OMG MORE LIES “There are three types of lies — lies, damn lies, and statistics.” – Benjamin Disraeli Every month the government apparatchiks at the Bureau of Lies and Scams (BLS) dutifully announces inflation is still running below 2%. Janet Yellen then gives a speech where she notes her concern inflation is […]
The Boomer Retirement Meme Is A Big Lie
THE BOOMER RETIREMENT MEME IS A BIG LIE As the labor participation rate and employment to population ratio linger near three decade lows, the mouthpieces for the establishment continue to perpetuate the Big Lie this is solely due to the retirement of Boomers. It’s their storyline and they’ll stick to it, no matter what the […]
Earthquake Economics
Earthquake Economics Beyond Human Capacity “The United States of America, right now, has the strongest, most durable economy in the world,” said President Obama, in his State of the Union address, on Tuesday night. What performance metrics he based his assertion on is unclear. But we’ll give him the benefit of the doubt. Photo credit: Natacha Pisarenko […]
Newsflash From The December ‘Jobs’ Report—–The US Economy Is Dead In The Water
Newsflash From The December ‘Jobs’ Report—–The US Economy Is Dead In The Water Here’s a newsflash that CNBC didn’t mention. According to the BLS, the US economy generated a miniscule 11,000 jobs in the month of December. Yet notwithstanding the fact that almost nobody works outdoors any more, the BLS fiction writers added 281,000 to their headline number to cover the […]
The Keynesian Recovery Meme Is About To Get Mugged, Part 1
The Keynesian Recovery Meme Is About To Get Mugged, Part 1 Yellen said at least one thing of importance last week, but not in a good way. She confessed to the frightening truth that the FOMC formulates its policies and actions based on forecasts of future economic developments. My point is not simply that our monetary politburo couldn’t […]
Is Judgment Day At Hand?
Is Judgment Day At Hand? What is Judgment Day? It is like ancient times that the Feds, under Greenspan, somehow decided that US needed to follow a zero interest rate policy, a policy now known as the ZIRP. It was 2008 when Bernanke gave birth to the term Quantitative Easing, QE. QE was followed by Operation […]
