Home » Posts tagged 'prices'
Tag Archives: prices
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 […]
#219. The unravelling begins
#219. The unravelling begins THE REALITY OF SCARCITY, THE SCARCITY OF REALITY In nineteenth-century England, pictures of great events and famous personages could be purchased “penny-plain or tuppence-coloured”. Where the world economy is concerned, the price of flattering colouration has soared into the trillions, but the value of a “penny-plain” view has never been higher. The […]
Two Big Myths About Why Energy Prices Are Rising
Two Big Myths About Why Energy Prices Are Rising Photo: Bridget Bennett/Bloomberg via Getty Images The global economic recovery is running low on fuel. Chinese factories have been flickering on and off as Beijing rations electricity. Britons have been parking in petrol lines as their nation’s pumps run dry. Americans have turned on their president as spiking gas prices eat their […]
Inflationary Storm Forces Unilever To Raise Prices Fastest In Seven Years
Inflationary Storm Forces Unilever To Raise Prices Fastest In Seven Years Rising consumer prices are not going away. The latest example of this is from British multinational consumer goods company Unilever PLC who announced Thursday soaring commodity prices had forced it to raise prices the most in years. The multinational consumer goods company that produces […]
Yet another worry: Price of ship fuel is now highest since 2014
Yet another worry: Price of ship fuel is now highest since 2014 Bunker surcharges on the rise for shippers of containerized cargo Ship refueling (Photo: Shutterstock) Commodity prices are surging around the globe, so it should come as no surprise: Marine fuel is getting a lot more expensive. That’s bad news for ship operators on the […]
Who determines prices?
Who determines prices? One of the consequences of the response to the pandemic and the disruption from Brexit is that labour shortages are appearing across the low-paid sectors of the economy. So much so that even the metropolitan liberal Guardian has begun to wonder whether the benefits of higher wages for the low-paid might outweigh the cost […]
Supply and Demand Deconstructed
Supply and Demand Deconstructed Prices are caused by supply and demand, right? So say neoclassical economists. If you’ve bought their fairy tale, I recommend you watch the video below. In it, Jonathan Nitzan demolishes the neoclassical theory of prices. It’s a master lesson in how to deconstruct a theory. Here’s the 100-word summary. Nitzan shows […]
A Word About the Current Chaos in Prices and Inflation
A Word About the Current Chaos in Prices and Inflation Some prices collapsed, others skyrocketed, and the Consumer Price Index went haywire. Here’s what I’m seeing beyond the near term — and it’s not “deflation.” Amid soaring prices of meat, beverages, fruit, veggies, and other food at home, and surging costs of personal goods, medical […]
Costs Are Spiraling Out of Control
Costs Are Spiraling Out of Control And how do we pay for these spiraling out of control costs? By borrowing more, of course. If we had to choose one “big picture” reason why the vast majority of households are losing ground, it would be: the costs of essentials are spiraling out of control. I’ve often […]
UNLOCKED: The Curious Case of Rising Fuel Prices and Shrinking Inflation
UNLOCKED: The Curious Case of Rising Fuel Prices and Shrinking Inflation On Friday, April 26, 2019, the market was stunned with a much stronger than expected 3.2% rate of first-quarter economic growth. Wall Street expectations were clearly off the mark, ranging from 1.3-2.3%. The media took this as a sign the economy is roaring. To […]
Americans Brace For Shock Surge In Everyday Food Prices
Americans Brace For Shock Surge In Everyday Food Prices The ‘patient’ Fed has been lamenting the “lack of inflation” for far too long. It is about to get its wish. American food merchants are struggling to import fruits and vegetables from Mexico as wait times at port of entries along the Mexico–US border have surged because of a shift […]
The Source of Killer Inflation: Services
The Source of Killer Inflation: Services The soaring cost of services is driven by a number of factors. What will the future bring: fire (inflation) or ice (deflation)? The short answer: both, but in very different doses. Goods that are tradeable and exposed to technologically driven commodification will decline in price (deflation) while untradeableservices that are difficult to commoditize […]
According to the Wall Street Journal, Inflation Is About to Increase the Prices of EVERYTHING
According to the Wall Street Journal, Inflation Is About to Increase the Prices of EVERYTHING We’ve been pretty lucky over the last ten years in terms of inflation, which has remained at about 2%. However, if the Wall Street Journal is correct, our luck is about to run out. The price of just about everything […]
The Fed’s Mandate To Pick Your Pocket – The Real Price Of Inflation
The Fed’s Mandate To Pick Your Pocket – The Real Price Of Inflation “Inflation is everywhere and always a monetary phenomenon.” – Milton Friedman This oft-cited quote from the renowned American economist Milton Friedman suggests something important about inflation. What he implies is that inflation is a function of money, but what exactly does that […]
Housing Bubble and Everything Bubble in One Simple Picture
Housing Bubble and Everything Bubble in One Simple Picture To understand the magnitude of the housing bubbles simply compare the index of wages to the index of prices. How Did We Get Here? That’s easy. Average Wages vs CPI Note the correct CPU comparison for this chart is CPI-W not CPI-U, not that […]
