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Tag Archives: price inflation
Central Banks Are Wrong about Rate Cuts
Central Banks Are Wrong about Rate Cuts When we talk about monetary policy, people do not understand the importance of interest rates reflecting the reality of inflation and risk. Interest rates are the price of risk and manipulating them down leads to bubbles that end in financial crises, while imposing too high rates can penalize the […]
Growth in Spending Exceeds Growth in Income for Most of the Last 10 Months
Growth in Spending Exceeds Growth in Income for Most of the Last 10 Months A deeper dive into personal income and outlays for March shows significant signs of consumer stress to maintain standards of living. Real Income and spending data from the BEA, chart by Mish This is a follow-up with a couple new charts […]
It’s Not Me, It’s You: Blaming the Public’s “Perception of the Economy”
It’s Not Me, It’s You: Blaming the Public’s “Perception of the Economy” If you think you spent twenty years being ripped off while a generation of rent-seeking scam artists was showered with public subsidies, experts agree: your “perception” needs correcting You only think eggs cost too much. “People are really tying Bidenomics and their perception […]
Oil prices aren’t the Fed’s biggest problem right now — American demand is, says an economist
Oil prices aren’t the Fed’s biggest problem right now — American demand is, says an economist Inflation could see a resurgence in 2025, BlackRock strategists warned. Jonathan Kitchen/Getty Images “I think what’s difficult for the Fed currently is actually the part of CPI that is being driven by demand, rather than the supply issues or the […]
Kick Back, Watch It Crumble
Kick Back, Watch It Crumble Monetarily and fiscally there seems to be no other way to describe our government’s actions other than willingly and excitedly driving the country full speed ahead toward the death of the dollar. The title to this post comes from one of my favorite NOFX songs, Dinosaurs Will Die. While I’m sure […]
Inflation is Causing Tectonic Shifts
Inflation is Causing Tectonic Shifts Even if stock investors are acting as if nothing happened along the road they are walking, they will soon wish they had not missed the obvious. Photo by Roberta Piana on Unsplash Yesterday when stocks crashed hard, I wrote the following caveat to their epitaph: Whoa! Delusions broken. At least, for today, but give investors […]
The CPI Rose Sharply in March Led by Shelter and Gasoline
The CPI Rose Sharply in March Led by Shelter and Gasoline The CPI rose 0.4 percent in March. Rent is up another 0.4 percent in March with gasoline up 1.7 percent. Together, the pair was about half of the total rise. CPI data from the BLS, chart by Mish Yet Another Groundhog Day for Rent […]
Biden’s Inflation Narrative Dies as Price Growth Rises to a Seven-Month High
Biden’s Inflation Narrative Dies as Price Growth Rises to a Seven-Month High “…we can expect the administration and the regime in general to continue gaslighting the public and claiming that greedy capitalists cause inflation.” According to the Bureau of Labor Statistics’ latest price inflation data, CPI inflation in March rose to a seven-month high, and price inflation […]
The Second and Final Gilded Age
The Second and Final Gilded Age New data shows that the total wealth of the top 1% of Americans just hit a record $44 trillion. Corporate profits are also hitting record highs, raking in $2.8 trillion in the last three months of 2023 alone. And that’s after taxes. It won’t surprise you to hear, given these massive numbers, […]
Canadians Are F**ked: Secret RCMP Report
Canadians Are F**ked: Secret RCMP Report A previously secret (and still heavily redacted) RCMP report warns the Canadian government to expect civil unrest once citizens realize how totally screwed the economic situation is, the National Post reports. “The coming period of recession will … accelerate the decline in living standards that the younger generations have already witnessed compared to earlier […]
Expect Another Surge in Food Prices Fueled by Dynamic Pricing
Expect Another Surge in Food Prices Fueled by Dynamic Pricing Restaurants are moving towards dynamic menu prices. Expect big surcharges for peak times. Don’t expect off peak prices to drop much. Labor costs are rising too. CPI food indexes prices, data from the BLS, chart by Mish Surge Pricing Is Coming to You Restaurants are […]
Getting vacancies wrong
Getting vacancies wrong Like everything else that was shut down in 2020 and 2021, Britain’s job market was broken. As businesses attempted to reopen, they were faced with a massive labour shortage. Lorry drivers, for example, had all but disappeared. Skilled construction workers were also in short supply. But the biggest shortages were in traditionally […]
Record Global Debt: A Ticking Time Bomb for the World Economy
Record Global Debt: A Ticking Time Bomb for the World Economy The relentless increase in global debt is an enormous problem for the economy. Public deficits are neither reserves for the private sector nor a tool for growth. Bloated public debt is a burden on the economy, making productivity stall, raising taxes, and crowding out financing […]
