Guest post from John Rubino, you can find him at his Substack: At the beginning of last week, everyone expected central banks to “tighten until something breaks”. By the end of the week it was clear that they’d already broken …
When labor market remains tight & inflation remains elevated, the result is higher wages. JOB VACANCIES / UNEMPLOYMENT RATE RATIO The FED has to raise rates further otherwise inflation will bounce again. pic.twitter.com/f5AAsxMSUD — Alessio (@AlessioTMAD) December 10, 2022
by Michael If you love to cook, this upcoming Thanksgiving may be a real challenge for you. Thanks to a resurgence of the bird flu, supplies of turkey are getting tighter and tighter. Sadly, the same thing is true for …
We’re starting to see store shelves emptying at a stunning pace once again, and millions of Americans are becoming increasingly frustrated because they can’t get their hands on needed supplies. Many people blame “hoarders” for the current mess, but the …
By Tsvetana Paraskova Emerging economies in Asia face prolonged electricity crises and continued rolling blackouts as spot LNG prices surge and high demand from Europe is pricing Southeast Asia out of the tight global gas market. For over six months …
The job market is not tight, it's broken. The economy is a mess, and inflation is running wild. https://t.co/gstRKflbTd — Dave Collum (@DavidBCollum) February 2, 2022 We're fighting the last war. Incomplete recovery after 2008 meant COVID policy stimulus was …
by David Haggith I try to point out risks I believe most people do not want to see or cannot see because they don’t fit the norm by which people construct their perception of reality. I am accustomed, therefore, to being …
by: Clint Siegner The precious metals futures markets launched shortly after Richard Nixon closed the gold window and removed the last vestige of gold backing from the Federal Reserve Note. Officials introduced paper gold and silver contracts specifically to increase …
Saving money has always been challenging! And if there is no direct imperative associated with the purpose, then it’s not just challenging but toughest! No…I’m not delineating the inference rather human behavioural approach over time reveals so! However, if a …
Authored by Mark Hendrickson via The Mises Institute, To most people, “inflation” signifies widespread rising prices. Economists have long argued, as a matter of technical accuracy, that “inflation” denotes an increasing money supply. Frankly, though, most people don’t care what happens …
New American status symbol: Backyard that’s basically fancy living room… BRANCHBURG, N.J. —Bill Paliouras dreamed of a backyard Eden. Not your garden-variety deck with stackable plastic chairs and a kettle charcoal grill — why settle for that? — but a …
by confoundedinterest17 S&P CoreLogic Case-Shiller US National home price index rose a staggering 12% year-over-year, the fastest growth since the infamous housing bubble in 2005. The 2005 housing bubble was loose-credit related; this bubble is excess money related. Inventory for sale is …
via paloaltoonline: Dennis Backlund spends most nights lying awake wondering where he’s going to live. Soon the day will come when he must leave his longtime home at the President Hotel Apartments as part of a mass eviction of every tenant …
via @crossbordercap: Crashing Global Liquidity is making bonds look pretty good again… Post-G20, The US Dollar Is Armed And Pointed At Europe For 2019. Could Capital Flows Be The Trigger? http://bit.ly/2SnIdSX How Low Can They Go? Major Central Banks – China …
by Dave Kranzler of Investment Research Dynamics The National Association of Realtors released its monthly “Pending” home sale report for April this morning. It fell 1.3% from March. The Wall Street analytic “brain trust” was looking for a 0.4% gain. The housing data …
California grid operator sees tight power supplies for summer (Reuters) – California’s electric grid operator has forecast power supplies will be tight this summer due to below average hydropower production and reduced generation, according to an assessment released on Wednesday. …
by John Rubino Let’s start with Caterpillar, the maker of earth moving equipment that has for years been the poster child for global slowdown. Every quarter was worse than the last as mining and construction companies around the world cut …
LOL bezos is complaining about having to pay higher wages to employees Hypocrite much?? The editors of the Jeff Bezos-owned Washington Post say President Trump’s tight labor market – which is delivering historic wage increases and job opportunities to American …