Gold has all the potential to go unprecedentedly high. But silver will be gold on
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What Inflation? “Oh, that’s nothing to worry about, the central banks have no choice but to keep juicing markets”… The market is so focused on the short-term and ignoring the consequences of the last 10 years of QE, monetary experimentation and easy rates, that its blundering into the next crisis. Inflation matters, and has jumped from financial assets into...
The Keiser Report Looks Into How Government ‘Solutions’ to Deflation May Lead to HyperinflationJul 14, 2021 - 13:12:16 PDT
In this episode of Summer Solutions 2021 of Keiser Report, Max and Stacy chat to entrepreneur, Jeff Booth, author of THE PRICE OF TOMORROW, about the case for deflation and whether or not the Thucydides Trap and end of empire can change the direction of technological advancements driving prices down. They look at how government ‘solutions’ to the deflation often lead to inflation and possibly hyperinflation.
My calculations differ very slightly from BLS calculations. Fred, the St. Louis Fed repository does not have a direct data feed for the BLS result so I downloaded wage and CPI data to do the require calculations.
Investors didn’t listen to Warren Buffett 20 years ago so why should they listen to him today?
Inflation Could Prompt Largest Social Security Cost-of-Living Adjustment in DecadesJul 14, 2021 - 12:04:35 PDT
New Consumer Price Index data is pushing up the estimated Social Security cost-of-living adjustment to 6.1% for 2022.
You May Need To Work Longer, Ramp Up Investment Risk To Afford Retirement, BlackRock CEO Fink SaysJul 14, 2021 - 12:03:13 PDT
"Unquestionably, as central banks keep rates low, or negative in Europe, the savers are getting slammed," BlackRock's Larry Fink told CNBC.
Beige Book: Majority Of Contacts Say Inflation Not Transitory Amid Record Shortages Of EverythingJul 14, 2021 - 12:00:12 PDT
As for the primary driver behind the continued stagflation chaos in the US economy, it is the ongoing supply-chain shock which has led to total confusion in what until recently was a "just in time" economy, resulting in record Beige Book mentions of "shortages."
Thirteen years after the start of the Global Financial Crisis, many of the same excesses that caused it can be seen today. In many cases by the same players. Wall Street is fat with corporate profits again. Governments are flooding the world with oceans of debt. Speculation is back with a vengeance and regulators seem asleep at the wheel. Will history repeat here?
The Fed is knowingly forcing the price of money (interest rates) to absurdly low levels and reducing the societal benefits of capitalism.
The report defines affordability as the hourly wage a full-time worker must earn to spend no more than 30% of their income on rent, in line with what most budgeting experts recommend. This year, workers would need to earn $24.90 per hour for a two-bedroom home and $20.40 per hour for a one-bedroom rental. That’s an increase from $23.96 and $19.56, respectively, from last year.
Jul 14, 2021 - 10:17:24 PDT
'I do not believe inflation is going to be transitory,' he told CNBC after US consumer prices rose by the most in a month since 2008.
There is a new fear circulating inside the West Wing of the White House: Maybe Larry Summers was right.
The federal government set new records for taxing and spending through the first nine months of fiscal 2021 (October through June), according to the Monthly Treasury Statement.
"Arab Spring?" - Bloomberg Finally Connects The Dots, Higher Food Inflation Leads To Social UnrestJul 14, 2021 - 09:43:23 PDT
Bloomberg finally connected the dots Tuesday with "international food prices close to their 2011 peaks," and it was this time ten years ago when food insecurity resulted in "waves of protests, especially in the Middle East."
In his opening remarks - as we previewed earlier - the Fed chairman pushed back against the notion that the Fed should consider accelerating the process of tapering its asset purchases and raising interest rates, processes which it last abandoned long before the pandemic hit. His remarks helped propel the S&P 500 to fresh record highs at the open (though stocks have drifted lower since).
About 1.8 million out-of-work Americans have turned down jobs because of the generosity of unemployment insurance benefits, according to Morning Consult poll results released Wednesday.
Are you ready for 30 percent cuts in benefits to keep the program alive?
In a terrible “study,” Iceland showed that we can reduce the hours worked by public officials without any meaningful negative outcome to society. Shocking, I know.
The $50 Trillion Plundered from Workers by America's Aristocracy Is Trickling BackJul 14, 2021 - 07:46:18 PDT
The serfs are quietly slipping away, and the Aristocracy, blinded by hubris and greed, believes nothing will ever change because, well, their wealth and power is deserved. What they really deserve will manifest in the next four years as the chairs at the banquet of consequences are shuffled.
It's a good thing for the Fed that expectations don't matter because 5+% expectations can no longer be considered well anchored.