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They keep telling us that economic conditions are improving, but if that is true why are the shortages worse than ever? For a moment, I would like to take you all the way back to 2019.
In today's FOMC Minutes there was a brief section that received little focus amid the broader analysis of the Fed's tapering, inflation language, yet which could be far more important in coming weeks in light of the violent move higher in overnight r
It's all about the money.
Mortgage applications to purchase a home fell 4% last week from the previous week.
Host:
Ernest Hancock
John Sneisen (The Economic Truth) provides an update on economic/market conditions; precious metals - Ric Curp (Michigan Activist) provides an update on activism there, Governor Whitmer's ridiculous policies, oil pipeline, etc... - Phranq Tamburri =
Fidelity once tried to offset its image as a stodgy retirement-focused investment giant by allowing customers to integrate their crypto holdings into their Fidelity dashboard.
The problem with the North American lumber industry is that supply is controlled by just a few firms that can easily manipulate prices.
You're Toast(er)
April's 4.2 percent past year increase in the Consumer Price Index is not likely to dissuade the Federal Reserve from continuing its policy of near-zero interest rates. Fed Chairman Jerome Powell believes the rising prices are just a temporary phen
The Fed has created trillions out of thin air to boost the speculative wealth of Wall Street, but it can't print experienced workers willing to work for low wages.
The prime years of Bretton Woods 1, which built the Western middle class now running on fumes, saw key bond yields capped, FX rates fixed and tight capital controls. Those are some deep, dark Woods for a 24/7, microsecond, crypto-Twitter focused soci
The Fed has created trillions out of thin air to boost the speculative wealth of Wall Street, but it can't print experienced workers willing to work for low wages.
Twisted minds like that of Elizabeth Warren, Joe Biden and the Progressive Left in general are taking shots at wealthy capitalists.
The effects of unprecedented government spending (of money it does not have) and unprecedented Federal Reserve counterfeiting of U.S. dollars are showing up in the economy with rapidly rising prices.
Earlier this week, we showed that "Hyperinflation Fears Are Soaring Across America"...
Under the hood of the University of Michigan Sentiment Survey, something really ugly appeared.
When even Goldman - which has a history of aligning with the White House and the prevailing political administration du jour - refutes the falsehoods spread by the Biden administration about the origins of the unprecedented labor shortage, it's time
Hours after Virginia governor Ralth Northam declared a state of emergency, one BP gas station was caught charging extortion-level prices on Tuesday amid the lamest 'gas crisis' in recent memory caused by the Colonial Pipeline hack.
In stark contrast to yesterday's stellar 10Y auction, moments ago the Treasury concluded its refunding issuance when it sold $27BN in 30Y paper in an ugly, tailing auction that was disappointing in every category.
After consumer prices exploded higher yesterday - and were immediately rejected by establishment types as 'transitory', despite the market's obvious disagreement - all eyes were on this morning's producer prices for signs of more pressure.
Drivers were shocked when they got to the pump at a gas station in Virginia.
The consumer price index (CPI) came in much hotter than expected. The consensus was for a 0.2% month-to-month increase in price inflation.
The US government ran another huge budget deficit in April. The shortfall came in at $225.58 billion, running the total budget deficit through the first seven months of fiscal 2021 to a record $1.9 trillion, according to the Treasury Department's M
The massive national transformation towards energy independence that America finally achieved in 2020, which would have shifted America First exceptionalism into overdrive, is being dismantled.
More than 1,000 gas stations in the Southeast reported running out of fuel, primarily because of what analysts say is unwarranted panic-buying among drivers, as the shutdown of a major pipeline by a gang of hackers entered its fifth day Tuesday.
After March's blowout 0.6% MoM surge in headline CPI, analysts expected a modest slowdown MoM, but surge YoY due to the base-effect comps from April 2020's collapse.
2021 was supposed to be the year that life went back to normal. Obviously that is not happening, and so a lot of prominent voices out there are going to be forced to update their narratives.
As BOfA economist Alexander Lin writes, the "eye-popping" April CPI report was a "massive surprise" as core CPI strongly rose 0.9% (0.92% unrounded) sequentially, which was the largest gain since 1981 and blew away consensus forecasts of 0.3% (for a
We've reached a point now where anyone who can't see inflation is clearly not paying attention. Inflation has now become so ridiculous that, according to the Wall Street Journal, even the price of a USED car is increasing… by a lot.
Tim, Ian, and Lydia host co-hosts of the Orange Pill Podcast and Bitcoin experts Max Keiser and Stacy Herbert to look at why consumer prices are rising, and what real inflation looks like.
