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David Stockman on Why There is No Noticeable Benefit from the Fed’s Policies
David Stockman on Why There is No Noticeable Benefit from the Fed’s Policies Here is the only noticeable “benefit” from the Fed’s pro-inflation policies since Greenspan’s arrival at the Eccles Building. To wit, these policies have pleasured the tippy top of the economic ladder with massive wealth gains owing to the relentless inflation of financial […]
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 […]
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 […]
The Psychological Pain of Inflation
The Psychological Pain of Inflation The Bureau of Labor Statistics (BLS) tomorrow morning will report its Consumer Price data from October. The Producer Price Index (PPI) appears the following day. There will likely be no real surprise here: inflation will still be running hot around 3.7 percent, confirming what I and many have suspected. Inflation […]
The Fed Hits 3,000 Percent Inflation
The Fed Hits 3,000 Percent Inflation The US economy was pushed to extremes during the pandemic recession and subsequent recovery. The unemployment rate peaked at 14.7 percent, the highest in the post-World War II period. Inflation reached its highest rate in 40 years, prompting the Fed to raise short-term interest rates to their highest levels since 2007. As of June, […]
Fed Fears Complete Economic Collapse – Peter Schiff
Fed Fears Complete Economic Collapse – Peter Schiff Money manager and economist Peter Schiff said in October the Federal Reserve “could NOT win the fight on inflation by raising interest rates.” As inflation just turned up anew, it looks like he was right—again. Schiff explains, “Based on the recent data we got . . . […]
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 […]
Bigger than you can imagine
Bigger than you can imagine One of the problems with claims that our situation is “just like the 1970s,” is that very few adults of the period are still around to share the memory. Those of us who were children at the time have only memories distorted through the lens of childhood innocence. I, for […]
Rabobank: It’s A Depressing Idea To Admit We Have No Ideas
Rabobank: It’s A Depressing Idea To Admit We Have No Ideas It is said that small minds talk about people, average minds talk about events, and great minds talk about ideas – and I would add the smallest of minds talk about themselves. The smallest-minded market view is what your individual asset class did yesterday. For […]
The Inflation Crisis Is Worse Than Admitted – Will Interest Rates Go To Record Highs?
The Inflation Crisis Is Worse Than Admitted – Will Interest Rates Go To Record Highs? Inflation is not a new problem in the US; there has been a steady expansion of price inflation and a devaluation of the dollar ever since the Federal Reserve was officially made operational in 1916. This inflation is easily observed […]
German Retailers To Increase Food Prices By 20-50% On Monday
German Retailers To Increase Food Prices By 20-50% On Monday Just days after Germany reported the highest inflation in generation (with February headline CPI soaring at a 7.6% annual pace and blowing away all expectations), giving locals a distinctly unpleasant deja vu feeling even before the Russian invasion of Ukraine broke what few supply chains remained and […]
The Fed Just Guaranteed a Stagflation Crisis in 2022 – Here’s How
The Fed Just Guaranteed a Stagflation Crisis in 2022 – Here’s How Chair Powell leads a two day meeting of the Federal Open Market Committee (FOMC) held January 29-30th, 2019. Public domain photo courtesy of the Federal Reserve I don’t think I can overstate the danger that the U.S. economy is in right now as we enter […]
Peter Schiff: The Inflation Freight Train
Peter Schiff: The Inflation Freight Train December Consumer Price Index data came out on Wednesday (Jan. 12). Month-on-month, it was again even hotter than expected. Peter called it an inflationary freight train that the Fed’s “field of dreams” monetary policy will not stop. “Transitory” inflation has now been running hot for a full year. The […]
US Consumer Prices Soar At Fastest In 39 Years, Real Wages Tumble For 9th Straight Month
US Consumer Prices Soar At Fastest In 39 Years, Real Wages Tumble For 9th Straight Month Consensus was convinced – with barely any outliers – that this morning’s consumer price index would print with an astonishing 7.0% YoY (and notably 7 of the last 9 releases have come in above consensus) and they nailed it […]
