Tens of thousands of people protested in Brazil’s largest cities Monday over dissatisfaction with the high cost of living and a stalled economy.
In São Paulo, what began with demonstrations against a hike in bus fares quickly grew to include Brazilians already incensed by the millions of dollars the government will spend on hosting a series of large-scale sporting events, such as the current Confederations Cup, the 2014 FIFA World Cup [...]
The conclusion: the second housing bubble may have already popped…The following comment from Mark Hanson should pour cold water on anyone who still harbors any delusion that there is a “housing recovery” or that any transitory, cheap-credit driven price hikes, will persist.
Mass Layoffs in Mortgage Space
Large scale, sudden mortgage finance job loss on deck…will impact weekly claims. Rates a stiff headwind to house prices, bank earnings, consumer spend, home improvement [...]
November 14, 2012
A post-election poll of more than a thousand Americans showed that support for repealing the Affordable Care Act, aka Obamacare, dropped to an all-time low. Although President Obama’s health care initiative will include 20 new or raised taxes, forty-nine percent of respondents still favored it, even as businesses are already planning massive layoffs and price hikes ahead of its implementation.
Freedom Works has compiled a list of companies planning to lay off [...]
A social media campaign is encouraging shoppers in Saudi Arabia to stop buying chicken in protest at price hikes of up to 40 per cent.
The Twitter movement – entitled “Let it Rot” – asks Saudi citizens to punish traders for raising the price of chicken in recent weeks.
October 1st, 2012
It’s often overlooked and taken for granted, but it’s the most essential of all human resources.
We’re paying 75% more for it today than we were in the year 2000.
According to a recent study by USA Today, which looked at 100 large municipalities across the country, the price increases over the last decade are so significant that many Americans are having to cut other expenses just to keep up:
“…the cost of [...]
August 7, 2012
Economic warfare against Iran is beginning to have an effect. On Monday, Iran’s rial dropped around 5 percent against the dollar as Iran’s central bank announced further currency devaluation that will begin in ten days. In January, the country announced an 8 percent devaluation of the rial to 12,260 against the dollar. The rial has weathered a dramatic devaluation since the beginning of the year.
The move is another sign that [...]
Using the word “disaster” is not an over-exaggeration to describe the drought in the Midwest, says Scott Shellady, the commodities trader who sports the famous cow-print jacket at the Chicago Board of Trade.
A heatwave and a severe drought have devastated U.S. farmland causing corn and soybean crops to wilt and that means we could likely see the impact in prices at the dinner table.
In the short term, Shellady predicts that we could [...]
NEW YORK — U.S. drivers will pay an average of 24 cents more per gallon for gasoline during this summer’s travel season, the government said Tuesday.
Gasoline will cost an average of $3.95 per gallon through September, an increase of 6.3% from the same period last year, the Energy Information Administration predicted. The peak should come in May, when gas averages $4.01 per gallon, the agency said.
Gasoline already has jumped by [...]
February 22, 2012
Leftists shine when it comes to direct action. And that’s what they are doing in Greece and elsewhere in Europe in response to bankster imposed austerity measures – direct action at the point of highway robbery.
In the above video, we see students and unemployed workers shutting down public transportation toll collection. It’s called the “I Won’t Pay” movement. It began last year in Greece and has spread to other [...]
MINNEAPOLIS (WCCO) — Intense sparkle may not be the only thing that deserves a double take when it comes to diamonds. Take a look at the price-tag.
Jewelers say you can expect to see price increases ranging from 10 percent to 20 percent depending on the quality of the diamond.
Why the price of diamonds could outperform gold — and a fashion trend that could save you money.
Diamonds may be a girl’s best [...]
The Huge Government crowd always demands ever more regulations of and more taxes on those who do the hiring in the United States – the “evil corporations” who don’t care about anything but “obscene profits.”
Which brings us to the Netherlands, the United States and Network Neutrality.
The Netherlands last month imposed a strict brand of Net Neutrality – which will dramatically increase the cost of doing business [...]
LOS ANGELES (CBS) — More stores across the U.S. that offer deeply-discounted products are seeing their sales decline after years of growth amid America’s “Great Recession” — and one analyst said on Monday it’s another sign of even deeper downturn.
While the demand at stores like the 99-Cent Store or Dollar Tree is still relatively high, the biggest chains in the nation have fallen short of [...]
McDonald’s and Wal Mart Warn of Inflation Because Big Banks Use Trillions of Taxpayer Money as Gambling Chips for Speculative Commodities Plays
McDonald’s is warning of inflation in food prices:
McDonald’s Corp forecast higher prices for beef, dairy and other items and said it would cautiously raise prices to keep attracting diners, who are grappling with higher grocery and gas bills.
McDonald’s and other restaurant operators are getting [...]
From Business China:
Since January, CR Snow Breweries, China’s largest brewer by volume, has raised prices by more than 10% in Sichuan, Liaoning and Anhui provinces, where it enjoys a dominant position in the market.
Tsingtao Brewery also hiked prices of several products in the following months by an average of 10%, the company announced earlier.
The beer maker is considering another 5% hike for its core [...]
While the Fed refuses to extract its head from deep within the sand of ignorant hubris that only a career in Ivy League education can provide, the world continues to burn, in many places quite literally. For all those who are finding it hard to juggle all the rioting, and confuse their Cairos with their Calcuttas, below we present an interactive map disclosing all [...]
And just to make sure the point of the coming price crunch is not lost, the FT has just come out with an article titled, not too subtly,Â “World moves closer to food price shock”
The world has moved a step closer to a food price shock after the US government surprised traders by cutting stock forecasts for key crops, sending corn and soyabean prices to [...]
This week’sÂ Straight Talk contributor is James Howard Kunstler,Â authorÂ andÂ social critic. His better-known works includeÂ The Long Emergency, in which he argues that declining oil production will result in the decline of modern industrialized society and compel Americans to return to smaller-scale, localized, semi-agrarian communities;Â World Made By Hand and its sequel, The Witch of Hebron, all published by The Atlantic Monthly Press. He writes a weekly blog is also [...]
Here’s JPMorgan’s Charles Grom on this morning’s CPI:
CPI Food at Home Rises, But Rate of Increase Below PPI. Septemberâ€™s CPI results represented the 5th consecutive month of year-over-year increases in the CPI Food at Home Index, which is an indication that food prices at retail continue to rise. To explain, this month, the YOY index rose 60 bps sequentially, from 0.8% to 1.4% – [...]