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Online prices rose 1.9% in Oct from a year earlier and 0.9% from the previous month, according to data from Adobe. It marks the 17th straight month of increases after more than 6 years of declines in the Adobe Digital Price Index
Nov 18, 2021 - 06:49:13 PST
Even more striking, banking regulators and Congress continue to allow the majority of the largest trading houses on Wall Street to continue to own federally-insured deposit-taking banks where the taxpayer would be on the hook for bailouts if they blow themselves up.
Thanksgiving Dinner Has Gotten More Expensive—Unless It’s Priced in Silver and GoldNov 18, 2021 - 06:47:51 PST
The American Farm Bureau Federation says the cost for all the ingredients of the traditional Thanksgiving dinner rose 5% this year, now $49.24. No surprise it’s higher in 2021. But our question here at GoldSilver is… do gold and silver offset this rise?
Highly indebted developer China Evergrande will likely default because the company has essentially lost its main business, S&P Global Ratings analysts said.
The world is headed for a “very dangerous place” if Washington and Beijing are unable to stabilize their relationship, former U.S. Treasury Secretary Hank Paulson said in a speech on the second day of the Bloomberg New Economy Forum in Singapore.
Putin Says West Not Taking Russia's Warnings on 'Red Lines' Seriously EnoughNov 18, 2021 - 06:01:25 PST
President Vladimir Putin said on Thursday that the West was not taking Russia's warnings not to cross its "red lines" seriously enough and that Moscow needed to obtain serious security guarantees from the West.
The Number Of Americans On The Dole Mysteriously Jumps Back Above 3 MillionNov 18, 2021 - 05:58:17 PST
The number of Americans filing for first-time jobless benefits fell very modestly lasyt week from 269k (revised up) to 268k, the lowest since before the pandemic lockdowns...
Powell’s Quick Response to the Pandemic Saved the Economy. Now Inflation Could Cost Him His JobNov 18, 2021 - 05:55:12 PST
Jerome Powell will learn shortly whether President Joe Biden wants him to continue in his current role overseeing U.S. monetary policy as Chairman of the Federal Reserve.
A Peter Schiff put it, double-barrel inflation is locked and loaded. But after yet another month of hotter thane expected CPI, the central bankers at the Federal Reserve continue to insist that inflation is "transitory" and blame it on everything except their monetary policy.These central bankers lack any sense of self-awareness. If they did, they would recognize, as Ron Paul does, that their policies are a complete and utter failure.
The Federal Reserve has held interest rates artificially low for decades. This causes all kinds of distortions and misallocations in the economy.And it's creating quite a problem for the Social Security Administration.
Money Markets Now Expect ECB to Raise Its Deposit Rate by 10 Basis Points Only in February 2023Nov 18, 2021 - 05:51:16 PST
“A rate hike in 2022 seems to be too much,” said Jens Peter Sorensen, chief analyst at Danske Bank A/S, who sees the current bout of inflation as transitory and expects the ECB to tighten borrowing costs after 2023. He also cites the fragile European economic recovery and rising Covid cases as factors...
Inflation is dealing a fresh blow to the low-income workers whose finances fared worst when Covid-19 swept across Europe.
urkey’s central bank slashed its policy rate by 100 basis points to 15% on Thursday and hinted at more easing despite inflation running near 20%, accelerating a spiral to all-time lows in the lira currency.
Japan's new stimulus package will include record spending of about $488 billion due to huge payouts to cushion the economic blow from the COVID-19 pandemic, the Nikkei newspaper reported on Thursday.
Two Fed Presidents Hit The Alarm Over The Broken Treasury Market... Which They CausedNov 18, 2021 - 05:27:58 PST
In the usual post-FOMC meeting jawboning circus, today we had not one but two Fed officials discussing not the topic du jour - Fed policy errors and soaring inflation - but something far more ominous: the broken Treasury market.
Biden, Dems Want to Ram Trillions in Spending Through Congress but Can't Fix InflationNov 18, 2021 - 05:24:39 PST
Biden has been trying to shift blame to anyone but himself for his failing policies that will make these problems worse
Police Report Reveals Striking Details About Biden Nom Saule Omarova's 'Retail Theft' ArrestNov 18, 2021 - 05:15:08 PST
Omarova, who was 28 years old at the time, was arrested in 1995 for "retail theft" from a T.J. Maxx store in Madison, Wisconsin. The police report, filed by a T.J. Maxx security agent, says she stole $214 worth of merchandise before being caught.
Saule Omarova, the president’s choice to lead a top banking regulator, is scheduled to appear before a Senate banking panel and could face intense questioning about her thinking and past writing on bank oversight.
It’s common knowledge that inflation is eating away at consumers' ability to spend, as the most basic necessities like groceries and energy extend a relentless spike.
A link between fatter paychecks, bargain hunting and plastic.
The Shale Industry has done another "Magic Trick" this year by rolling over a great deal of expensive "OLD" debt with "NEW" debt to continue business as usual. Thus, the Shale Industry DEBT WALL has moved further in the future, providing us with an excellent second sequel of DUMB & DUMBER TO...