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Tag Archives: price inflation
Hyperinflationary Hell: Lebanese Central Bank Devalues ‘Lira’ By 90%
Hyperinflationary Hell: Lebanese Central Bank Devalues ‘Lira’ By 90% Cash is now king in Lebanon, where a three-year economic meltdown has led the country’s once-lauded financial sector to atrophy and turned the country into a Venezuelan-esque hyperinflationary hell. The country has been hit hard by events over the past few years, starting with COVID. In […]
Soaring Food Prices Prompt Eurasian Nations To Ban Food Exports
Soaring Food Prices Prompt Eurasian Nations To Ban Food Exports The harshest winter since 2008 is contributing to shortages of staple vegetables across Central Asia and sending prices north in a region still suffering from COVID-induced food inflation. In Uzbekistan, record frosts have highlighted the shortcomings of the national energy system as even residents of the capital […]
Peter Schiff: Inflation Is Going to Win the War
Peter Schiff: Inflation Is Going to Win the War The CPI data for December buoyed markets and raised hopes that the Federal Reserve is winning its war against inflation. But in his podcast, Peter explained that the Fed isn’t winning the war. It is losing and will ultimately surrender to inflation. Markets rallied after the CPI data […]
Claims Of A Lower CPI Cannot Inflate Away Reality
Claims Of A Lower CPI Cannot Inflate Away Reality Yes, we have a problem, and claims of a lower CPI cannot inflate away the reality that inflation hurts consumers. To start with consider the argument inflation is much higher than the government reports. That said, Jay Powell is most likely very serious about ending the […]
“Catastrophic Outcomes”: Davos Elite Worried About Global Volatility, Cost-Of-Living Crisis
“Catastrophic Outcomes”: Davos Elite Worried About Global Volatility, Cost-Of-Living Crisis What happens when plebs can’t afford bread, and the circuses aren’t that entertaining? Nothing good. Which is why the cost-of-living crisis is the #1 problem, according to the World Economic Forum’s Global Risks Report – an annual poll of 1,200 government, business and civil society […]
More War Means More Inflation
Apu Gomes/AFP via Getty Images More War Means More Inflation Advanced economies and emerging markets are increasingly engaged in necessary “wars” – some real, some metaphorical – that will lead to even larger fiscal deficits, more debt monetization, and higher inflation on a persistent basis. The future will be stagflationary, and the only question is […]
BlackRock says we’re all doomed. It’s being optimistic
BlackRock says we’re all doomed. It’s being optimistic The world’s largest asset manager has forecast systemic economic chaos. The reality is even worse BlackRock predicts a lasting fall in living standards for the many, alongside huge profits for the few | Maureen McLean/Alamy Live News The working assumption, for governments and central banks across the […]
Are You Prepared for a Hard Landing?
Are You Prepared for a Hard Landing? The New Year brings both optimism and hope. A chance to start fresh. To turn over a new leaf. The sentiment is welcome. The outcome, however, can be a grave disappointment. If you recall, 2022 was supposed to be a year of redemption and prosperity. After the ugly […]
Drivers could see gas prices surge to nearly $7 a gallon in some US states as refinery issues bite supply and Chinese demand bounces back, GasBuddy says
Drivers could see gas prices surge to nearly $7 a gallon in some US states as refinery issues bite supply and Chinese demand bounces back, GasBuddy says Gas prices could top $4 a gallon in most major US states next year, GasBuddy says. (Photo by Steve Pfost/Newsday RM via Getty Images) Gas prices could surge toward […]
15 Facts Which Prove That A Massive Economic Meltdown Is Already Happening Right Now
15 Facts Which Prove That A Massive Economic Meltdown Is Already Happening Right Now Economic conditions just keep getting worse. As we prepare to enter 2023, we find ourselves in a high inflation environment at the same time that economic activity is really slowing down. And just like we witnessed in 2008, employers are conducting […]
Inflation, recession, and declining US hegemony
Inflation, recession, and declining US hegemony In the distant future, we might look back on 2022 and 2023 as pivotal years. So far, we have seen the conflict between America and the two Asian hegemons emerge into the open, leading to a self-inflicted energy crisis on the western alliance. The forty-year trend of declining interest […]
It’s Wholesale Robbery!
It’s Wholesale Robbery! The latest inflation news was glorious, they said. The whole media told us so! It’s easing, improving, better than it has been and headed in the right direction. So stop your kvetching and get out there and make (and spend) money. For that matter, throw around the credit card a bit and […]
Global Rate Hikes Hit the Wall of Debt Maturity
Global Rate Hikes Hit the Wall of Debt Maturity More than ninety central banks worldwide are increasing interest rates. Bloomberg predicts that by mid-2023, the global policy rate, calculated as the average of major central banks’ reference rates weighted by GDP, will reach 5.5%. Next year, the federal funds rate is projected to reach 5.15 percent. Raising […]
Germany Unleashed Half-Trillion Dollar ‘Energy Bazooka’ To Keep Lights On
Germany Unleashed Half-Trillion Dollar ‘Energy Bazooka’ To Keep Lights On Western sanctions on Moscow have backfired, failed to paralyze Russia’s economy, and ultimately sparked financial pain for ordinary Europeans and the largest economy in the block. According to Reuters calculations, Germany has hemorrhaged cash to the tune of 440 billion euros ($465 billion) in energy bailouts and […]
No Surprise: Wall Street Wants to Raise the Target Inflation Rate above 2 Percent
No Surprise: Wall Street Wants to Raise the Target Inflation Rate above 2 Percent Price inflation in the United States remains stubbornly high, with October’s print at 7.7 percent. The Fed’s preferred measure, so-called core inflation is only two-tenths of a percent below 40-year highs, at 6.3 percent. Yet, it was just last year that […]
