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Pay More, Get Less: Consumer Income & Spending Chewed Up by Red-Hot Inflation
Pay More, Get Less: Consumer Income & Spending Chewed Up by Red-Hot Inflation Inflation ate my homework? You saw this coming after today’s release of the Personal Consumption Expenditure inflation index. “Core PCE” inflation, which excludes food and energy – the lowest lowball inflation index the US offers and which the Fed uses to track […]
Transitory Inflation Takes Hold of the Economy – How Long Will It Last?
Transitory Inflation Takes Hold of the Economy – How Long Will It Last? Cherry blossoms symbolize the fleeting nature of all things. Photo by Haoshuang Lou Just a couple of weeks ago, Bloomberg reported that Federal Reserve Chairman Jerome Powell sold investors on the idea that rising inflation wasn’t going to last. Officially, as of May 2021, inflation had risen […]
How to Buffer the Fallout from America’s Third World Death Spiral
How to Buffer the Fallout from America’s Third World Death Spiral “What the hell?!” – President Joe Biden, June 16, 2021 Out of Control American workers are trying to make their way in an economy that’s rigged against them. We made this claim many years ago. Today, for fun and for free, we revisit this assertion…starting with the […]
It Gets Ugly: Dollar’s Purchasing Power Plunged at Fastest Pace since 1982. It’s “Permanent” not “Temporary,” Won’t Bounce Back
It Gets Ugly: Dollar’s Purchasing Power Plunged at Fastest Pace since 1982. It’s “Permanent” not “Temporary,” Won’t Bounce Back The Consumer Price Index jumped 0.6% in May, after having jumped 0.8% in April, and 0.6% in March – all three the steepest month-to-month jumps since 2009, according to the Bureau of Labor Statistics today. For the three […]
Core Consumer Prices Surge At Fastest Rate Since 1992
Core Consumer Prices Surge At Fastest Rate Since 1992 With the world’s eyes having moved on from China’s rip-roaring PPI (and post-data decision to unleash price controls), this morning’s CPI print has been heralded as the arbiter of “is it transitory or not” with some (BofA) even suggesting we are nearing a period of “transitory hyperinflation.” […]
Fed’s Favorite Lowball Inflation Gauge is Red-Hot, Not Seen in Decades, Even Without the “Base Effect”
Fed’s Favorite Lowball Inflation Gauge is Red-Hot, Not Seen in Decades, Even Without the “Base Effect” The majestic inflation overshoot has arrived. The Fed’s favorite inflation measure, generally the lowest inflation measure the US government provides — tracking a lot lower than even the Consumer Price Index which already understates actual inflation — and therefore our lowest […]
The CPI Revisited And Its Failure To Reflect True Inflation
The CPI Revisited And Its Failure To Reflect True Inflation The cost of living numbers prepared by the Bureau of Labor Statistics are highly misleading. Currently, the government understates inflation by using a formula based on the concept of a “constant level of satisfaction” that evolved during the first half of the 20th century in academia. […]
Surging Inflation Might Be the Rumblings of an Economic Tsunami
Surging Inflation Might Be the Rumblings of an Economic Tsunami 神奈川沖浪裏 or The Great Wave off Kanagawa, by Katsushika Hokusai, 1831 Inflation in the U.S. is on the rise, may have started heating up last year, and is now on the cusp of spiraling out of control.Gasoline prices pushing $5 per gallon are concerning bad, and will strain family […]
Weekly Commentary: Un-Anchored
Weekly Commentary: Un-Anchored A big week on the inflation front. April CPI was reported up 0.8% versus estimates of 0.2%. And while the 4.2% y-o-y increase was partly a function of the year ago negative CPI prints, it’s worth noting CPI was up 2.1% over just the past four months. “Core” CPI increased a much […]
Monetary Inflation’s Game of Hide-and-Seek
MONETARY INFLATION’S GAME OF HIDE-AND-SEEK The May 12, 2021, press release from the Bureau of Labor Statistics reporting on the Consumer Price Index (CPI) for the month of April sent the stock markets tumbling for two days and generated fodder for the news pundits with the announcement that the CPI measure of the cost-of-living had increased […]
Peter Schiff and Tucker Carlson: The Financial Crisis Will Be Worse Than the Pandemic
Peter Schiff and Tucker Carlson: The Financial Crisis Will Be Worse Than the Pandemic Consumer Price Index (CPI) data for April came in much hotter than expected. Year-on-year, inflation is up 4.2%. The big number even prompted Federal Reserve Vice Chairman Richard Clarida to say, “We were surprised by higher than expected inflation data.” Peter Schiff appeared on Tucker […]
It’s Getting Serious: Dollar’s Purchasing Power Plunges Most since 2007. But it’s a Lot Worse than it Appears
It’s Getting Serious: Dollar’s Purchasing Power Plunges Most since 2007. But it’s a Lot Worse than it Appears Fed officials, economists “surprised” by surge in CPI inflation, but we’ve seen it for months, including “scary-crazy” inflation in some corners. The Consumer Price Index jumped 0.8% in April from March, after having jumped 0.6% in March from […]
Rabo: Please Don’t Make Us Look At The Inflation
Rabo: Please Don’t Make Us Look At The Inflation Markets continue to reel: “Risk crumbles”, says Bloomberg. Why? Because there is a plaintive plea from everyone from the Fed and the Treasury down to simple peddlers of exotic derivatives: please don’t make us look at the inflation! Yes, it’s US inflation-data day – and nobody wants to see […]
Consumers Expect Surging Inflation to Crush the Purchasing Power of their Labor: Fed’s Survey
Consumers Expect Surging Inflation to Crush the Purchasing Power of their Labor: Fed’s Survey And there are some whoppers. Consumers are picking up on the rise of inflation, and the Fed, which has been trying to heat up inflation, is pleased. The Fed watches “inflation expectations” carefully. The minutes from the March FOMC meeting mention […]
The Inflation Monster Has Been Unleashed
The Inflation Monster Has Been Unleashed The monster known as inflation has been unleashed upon the world and will not easily retreat into the night. This is reflected in soaring commodity and housing prices. Due to the stupid and self-serving policies of the Fed, we are about to experience a massive shift in the way […]
