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Chaos is Spreading Everywhere!
Chaos is Spreading Everywhere! Intensifying foreign wars, raging internal political wars, inflation all over again, and disastrous immigration are turning the world into a madding crowd. Photo by Callum Skelton on Unsplash Sure, the S&P 500 just broke 5,500 for its first time ever (and then failed miserably), but everything else this past week is proving out all […]
How Powell Destroyed His Inflation War as he Eats the Poor
How Powell Destroyed His Inflation War as he Eats the Poor I’m going to save discussion of today’s CPI report for my Deeper Dive this weekend because it requires digging deep into the numbers involved in the report to show why it is not the game-changer for the new trend in inflation that the stock market made […]
How Powell Destroyed His Inflation War as he Eats the Poor
How Powell Destroyed His Inflation War as he Eats the Poor I’m going to save discussion of today’s CPI report for my Deeper Dive this weekend because it requires digging deep into the numbers involved in the report to show why it is not the game-changer for the new trend in inflation that the stock market made […]
CPI Up 0.3 Percent With Rent Still Rising Steeply, Food a Bright Spot
CPI Up 0.3 Percent With Rent Still Rising Steeply, Food a Bright Spot Rent rose another 0.4 percent in April. Food and beverages were flat with food at home declining but food away from home rising. CPI data from the BLS, chart by Mish Bloomberg Econoday economists were correct across the board on the April CPI […]
Inflation in Real Life Much Worse Than in Government Fantasy World
Inflation in Real Life Much Worse Than in Government Fantasy World Inflation is dead! At least that’s what you would think if you listen to government officials and talking heads in the financial media. So, how is this victory over inflation working out for the average person? Not so great. Based on official CPI data, price […]
Deutsche Bank Economists Say the Fed Will Create More Inflation in 2024
Deutsche Bank Economists Say the Fed Will Create More Inflation in 2024 Deutsche Bank economists say the Federal Reserve will create more inflation in 2024. OK, that’s not exactly what they said. But that is the implication of their latest forecast. The Deutsche Bank analyst forecast that the Fed will cut rates by 175 basis […]
Why You Are Feeling So Much Poorer
Why You Are Feeling So Much Poorer We are living through the largest pillaging of the American middle class in a half-century. It’s not in the headlines. This is extremely strange. In fact, this might be the first and only article you have read about it. This could be for a reason. If people knew […]
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 […]
It’s Game Over for the Fed—Expect a Monetary “Rug Pull” Soon…
It’s Game Over for the Fed—Expect a Monetary “Rug Pull” Soon… You often hear the media, politicians, and financial analysts casually toss around the word “trillion” without appreciating what it means. A trillion is a massive, almost unfathomable number. The human brain has trouble understanding something so huge. So let me try to put it […]
US Consumer Prices Soared In June, Americans’ Real Wages Fall For 15th Straight Month
US Consumer Prices Soared In June, Americans’ Real Wages Fall For 15th Straight Month With The White House having desperately tried to front-run this morning’s inflation print, analysts were expecting a jump higher led by food and energy costs. They were right in direction but it was way worse as the headline CPI soared 9.1% […]
Fear and Inflation — The Timeless Policy Tools of Discredited Systems
Fear and Inflation — The Timeless Policy Tools of Discredited Systems If you’re wondering why the media, markets and mandates are making less sense despite a constant flow of hard facts contradicting their message, it’s critical to watch what is done rather than said by the policy makers behind the fear and inflation “new normal.” The Latest Fed-Speak Translation: […]
And Just Like That, Inflation Is About To Disappear?
And Just Like That, Inflation Is About To Disappear? Earlier this year, when inflation was still “transitory” two Fed chairs, Powell and Bernanke, made comments which we joked only make sense if the definition of inflation is changed: Sadly, our feeble attempts at humor were not unjustified, and as any economic history buff knows the […]
Prices Climb At Fastest Pace Since 1982… But It Could Have Been Worse
Prices Climb At Fastest Pace Since 1982… But It Could Have Been Worse Having surged faster than expected in 7 of the last 8 months, all eyes are on this morning’s Consumer Price Index as this is the last big release ahead of next Wednesday’s Federal Reserve decision, where Deutsche Bank economists (among many others) are expecting […]
The Fed Will Break the Economy
The Fed Will Break the Economy Last week, the Fed was handed an unexpected gift as first-time jobless claims fell to the lowest level since 1969, which gives the Federal Reserve the green light to continue tapering its $120 billion monthly purchases of U.S. Treasury and mortgage-backed securities. Given the Fed’s dual mandate of maximum employment and stable […]
When Will Consumers Balk at Surging Prices?
When Will Consumers Balk at Surging Prices? That’s the big question. Looking for signs of widespread push-back but not finding much. Consumers pay whatever. One of the bizarre factors that has driven the current surge in inflation – the worst in 30 years per CPI-U, the worst in 40 years per CPI-W – has been the sudden […]
