‘Inflation Was High Before Ukraine’: Powell Tosses Biden Back Under The Bus At the end of May, amid a flurry of scapegoating over surging prices and plunging approval ratings, Illegitimate President Biden seized on an Oval Office meeting with Fed Chair Powell to argue that while fighting price increases is his top priority, that work was…
Tag: inflation
Jay Powell seeks to allay recession fears but warns of inflation surprises
Jay Powell sought to alleviate fears about an impending recession even as he warned that further surprises on inflation could be in store. In testimony to the Senate banking committee on Wednesday, the US Federal Reserve chair said the economy could handle significantly tighter monetary policy, as he stressed the central bank’s commitment to root…
The Fed’s big swing at inflation
The Federal Reserve announced its largest interest rate increase since 1994. And it’s the equivalent of the US central bank taking a baseball bat to the economy, according to the FT’s US financial commentator Robert Armstrong. In this week’s episode, Armstrong is helping us to make sense of the Fed’s announcement. He’ll explain what the…
Biden Calls on Congress to Make Move on Gas — A Move Experts Warn Could Make Inflation Worse
Americans could potentially see a federal gas tax holiday in the near future. However, experts have a warning about it. President Brain-Dead Biden is calling on Congress and states “to take additional legislative action to provide direct relief to American consumers who have been hit with Putin’s Price Hike.” “Specifically, he is calling on Congress…
Powell warns that further inflation surprises could loom ahead.
One company claims on its website that purchasing its whiskey can “help you acquire a piece of history.” Another says it specializes in the acquisition and sale of “the world’s most illustrious exciting and pleasurable Investment Grade” wines. But according to federal court records, those behind the two companies and a third business used an…
Ray Dalio Warns “Reducing Inflation Will Come At A Great Cost”
Ray Dalio Warns “Reducing Inflation Will Come At A Great Cost” Authored by Bridgewater founder Ray Dalio (via LinkedIn), For me, hearing supposed “experts” talk about what’s now happening in the markets and economy is like listening to nails scratch against a chalkboard because they are typically saying incorrect things in an erudite rather than…
TIPP Poll: Even Democrats blame Biden for surging inflation
By TERRY JONES, TIPP Insights If there’s a topic uppermost on most people’s minds today, it is certainly the surge in inflation over the past year. Soaring prices have affected virtually every person in the country. And Americans say they know who’s responsible: Illegitimate President Biden. Surprisingly, that includes more than half of all Democrats, too….
The Inflation Cure
by Betsy McCaughey at CDN – If you think runaway inflation is brutal, wait until you get hit by the cure. Last week, the Federal Reserve raised the interest rate on money it lends to other banks by .75%, the biggest hike in three decades. Fed Chair Jerome Powell said the hike is necessary to…
Inflation Continues to Clobber Us. Can the Fed Help?
Americans continue to suffer from sky-high inflation. In an attempt to avert some of the worst consequences, Federal Reserve Chair Jerome Powell raised interest rates by 0.75%. But is this enough? And what else can the Biden administration be doing to curb inflation? Dave Brat, dean at the Liberty University School of Business and a…
Gov. Glenn Youngkin on SCOTUS protections, inflation, primaries
Gov. Glenn Youngkin sounds off on ‘Hannity’ after Richmond Democrats fail to support state version of federal law Garland won’t enforce. #hannity #foxnews Watch more Fox News Video: http://video.foxnews.com Watch Fox News Channel Live: http://www.foxnewsgo.com/ FOX News Channel (FNC) is a 24-hour all-encompassing news service delivering breaking news as well as political and business news….
McCaughey: The Inflation ‘Cure’
By Betsy McCaughey If you think runaway inflation is brutal, wait until you get hit by the cure. Last week, the Federal Reserve raised the interest rate on money it lends to other banks by .75%, the biggest hike in three decades. Fed Chair Jerome Powell said the hike is necessary to rein in skyrocketing…
Biden claims US inflation lower than other countries, but it’s actually higher
When President Brain-Dead Biden was speaking at the AFL-CIO union conference in Philadelphia on June 14, he surprised even people who still approve of him by saying that inflation is worse in other countries than it is in the U.S., even though the opposite is actually true. “Under my plan for the economy, we’ve made…
Report shows inflation is far worse than official numbers
A new report has shown that the nation’s 40-year high inflation is actually worse than the official numbers. The 8.6% increase last month, if it included all factors, may be higher than the inflation experienced during the Jimmy Carter era. Like we didn’t already know … Study From Former Treasury Secretary Finds Inflation Is Much…
As inflation destroys the dollar’s purchasing power, White House Chief of Staff Ron Klain announces that ‘for the first time … the signatures of two women will appear on our currency’
While Americans witness the the purchasing power of their hard-earned money swiftly decline amid soaring inflation, White House Chief of Staff Ron Klain issued a tweet noting that U.S. currency will bear the signatures of two women for the first time ever. The signature of Treasury Secretary Janet Yellen cannot be placed on the bills…
The Everything Data’s (Z1) Verdict: Not Inflation, Only More Of The Same
The only thing that changed was the CPI. What distinguishes 2021-22 from the prior post-crisis period 2007-20 is merely the performance of whatever consumer price index. This latter has been called inflation, yet the data conclusively support the market verdict pricing how it never was. What data? The “everything” data, the most comprehensive financial and…
Cackling Kamala Harris Fights Inflation With Unpopularity
Cackling Kamala Harris is doing her part to fight inflation. While the cost of gas and household items has skyrocketed since Harris took office, her historically low approval rating has dramatically reduced the market price of a vice presidential photo op. Last month, for example, the Democratic National Committee was forced to reschedule a major fundraising event,…
Biden welcomes inflation as ‘good’ opportunity for green agenda
(Etsy.com) Amid his beach vacation in Delaware, Illegitimate President Biden told reporters the record gas prices present a “good opportunity” to “make a fundamental turn toward renewable energy.” “My dear mother used to have an expression: Out of everything lousy, something good will happen if you look hard enough for it,” Biden said Monday. “We have…
Biden Adviser Suggests It Is Not ‘Tone-Deaf’ to Call for Trillions of New Spending Amid Record High Inflation
A basic description of inflation is “too many dollars chasing too few goods.” And as inflation in the U.S. is hovering at a 40-year-high, the Biden administration is continuing to push for the pass of the massive $2 trillion Build Back Broker spending package. During an appearance on CNBC on Tuesday, Cecilia Rouse, the chair…
Inflation Is Americans’ Top Concern
Inflation Is Americans’ Top Concern Despite what one might think if the media’s programming were considered, neither guns, climate-change, nor trans rights are the biggest concerns for Americans. As inflation has crept up to the highest level in more than 40 years in recent months, the issue of rising costs of living has also climbed…
Former Treasury Secretary: Unemployment Must Spike To Lower Inflation
The unemployment rate needs to rise in order to ease the effects of inflation, former U.S. Treasury Secretary Larry Summers says. According to the Consumer Price Index, the annual inflation rate in the U.S. is 8.6%, the highest seen in 40 years. To ease the effects of such high inflation rates,…
A Great Bull Market in Inflation Has Just Begun.. And It Has Its Origins in ESG
Via International Man by Chris MacIntosh As of 2019, almost 6% of Europe’s electricity was generated by burning wood chips (trees), which is almost twice the amount of electricity generated by solar. Roughly 30% of the wood-chips came from Russia. Sanctions have put a halt to this and additional supply cannot be made up by…
About 40 Years of Inflation Expectations Errors – Economists vs. Households
From the Michigan consumer survey and the Survey of Professional Forecasters: Figure 1: Michigan 12 month ahead forecast error (blue), and Survey of Professional Forecasters median forecast error (red), in percentage points. NBER defined peak-to-trough recession dates shaded gray. Source: BLS via FRED, University of Michigan via FRED and Philadelphia Fed, NBER, and author’s calculations. …
Cheers Crippling Inflation as a Good Thing
By Jim Hoft It will Usher in “Renewable Energy, Electric Vehicles” Gas prices remained at $4.968 per gallon on Tuesday. This is near the record all-time high and more expensive than at any time in US history. Brain-Dead Biden is destroying the US middle class. Democrats are destroying our way of life. And this was…
Why High Gas Prices Are a Signal of (More) Inflation to Come
By Danielle Butcher Where I grew up in northern Minnesota, it’s easy to see the impact that economic hard times leave on disadvantaged communities. With consumers now experiencing record-high gas prices, it is safe to say that Americans—not just back in my hometown—but across the country, are experiencing undue burden. For many, rising prices bring…
Inflation to raise UK food bills by £380 this year, data show
Surging inflation is expected to push up British grocery bills by £380 this year, according to new consumer data, as the Bank of England chief economist argued that higher interest rates would be necessary to tame rising prices. In April, the research company Kantar had predicted the average cost of an annual supermarket shop would…
Tamny: The Definition of Inflation Matters
The definition of inflation is a devaluation of the currency: rising prices aren’t inflation, nor are falling prices deflation. Recently a judge or someone in power in Commie California defined a bee as a fish. It was something like that, though if not exactly that, it realistically doesn’t matter. Markets always speak, including markets for ideas….
Fake News CNN Analyst Suggests Inflation Is Needed To Achieve Green Agenda
Fake News CNN Analyst Suggests Inflation Is Needed To Achieve Green Agenda As we have covered in the past here on ZH, the inflation/stagflation crisis is immensely damaging to the average person, with the threat of poverty and food shortages hanging over the majority of the population, but there are some people out there who see the…
Who Does Inflation Hurt and Help Most?
Inflation is at a 40-year high, but it’s impacting everyone differently. Inflation hurts poor people and those on fixed incomes the most. Inflation helps borrowers and investors in stocks, real estate, and commodities. Source: stockwerk-fotodesign / Shutterstock A new generation of investors is grappling with the dangers of inflation. Last week, we learned the Consumer…
The Biden/Democrat Inflation Crisis Is Hurting The Voters Democrats Need the Most In November
Despite the fact that Democrats are acting so calm and cool like they are going to steal the November midterm elections, they’re in heap, big, doo doo if James Carville’s adage about “it’s the economy, stupid.” And I think it is. According to NBC, the voter groups that helped the Democrats win in 2020 are…
Weekly data: inflation still in view
There is no very clear signal from the chart except for the price being below all three of the 50, 100 and 200 simple moving averages, suggesting movement lower. The slow stochastic is close to neutral and there has been no significant change in ATR in June so far. In this context of no clear…
Visualizing The Three Different Types Of Inflation
Visualizing The Three Different Types Of Inflation Inflation is dominating the news as prices hit 40-year highs. While the price of everyday goods, including food and energy, is the most widely cited type of inflation, other forms exist across the broader economic system. In this Markets in a Minute from New York Life Investments, Visual Capitalist’s…
Democrats Consider Gimmick Instead of Addressing Real Inflation Problem
Brittany Bernstein of National Review Online reports on D.C. Democrats’ disappointing response to Americans’ real inflation woes. Treasury Secretary Janet Yellen said Sunday that a federal gas tax holiday is “certainly worth considering” as Americans have been burdened by record-high gas prices in recent months. ABC’s This Week host George Stephanopoulos asked Yellen if a…
The Dem’s Inflation-Fighting Plan Is A Cruel Joke
https://issuesinsights.com/2022/06/21/the-dems-inflation-fighting-plan-is-a-cruel-joke/ ‘Today the Democratic House takes a strong step to bring down crucial kitchen table costs of the pump and grocery store and across the board.” That’s the transcript of what House Speaker Nancy Pelosi said on the House floor before all but five of her fellow Democrats voted for the “Lower Food and Fuel…
Rail strike to test transport unions and inflation strategy
This article is an on-site version of our Inside Politics newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. The UK is gearing up for the biggest set of rail strikes in a generation. Today’s email contain some thoughts about what this dispute might reveal — I…
New Poll Finds Even Majority Of Democrats Say Inflation Problem Is Joe Biden’s Fault
The post New Poll Finds Even Majority Of Democrats Say Inflation Problem Is Joe Biden’s Fault appeared first on American Lookout. How bad are things for Joe Biden? So bad that even Democrats are admitting that inflation is his fault. A new poll has found that a majority of Democrats blame Joe Biden’s policies for…
Will boomers cause more inflation?
This article is an on-site version of our Swamp Notes newsletter. Sign up here to get the newsletter sent straight to your inbox every Monday and Friday Conventional economic theory holds that ageing is disinflationary. Older people and households typically consume less than younger ones, and they often downsize their homes to account for being…
Trump reacts to Biden bike fall, what “really caused inflation” and could “start a World War”
On Newsmax’s Eric Bolling The Balance, 45th President of the United States Donald Trump calls in to discuss various crises and disasters in America caused by the Brain-Dead Biden administration’s policies. Watch Newsmax on Directv 349, Xfinity 1115, Dish 216, Spectrum (see channels), Cox, Optimum, U-Verse 1120, FiOS 615, Suddenlink, CenturyLink 1209, Mediacom 277, Fubo,…
Bank of England official warns of higher inflation if rate rises lag US
One of the Bank of England’s more hawkish policymakers has warned that the UK faces further rises in inflation if the central bank fails to increase interest rates as rapidly as the US Federal Reserve, causing the value of the pound to slip. Speaking online at a Market News International event, Catherine Mann said that…
Guy on Rocks: ‘Short the market and go long gold’ as inflation monster looms large
‘Guy on Rocks’ is a Stockhead series looking at the significant happenings of the resources market each week. Former geologist and experienced stockbroker Guy Le Page, director, and responsible executive at Perth-based financial services provider RM Corporate Finance, shares his high conviction views on the market and his “hot stocks to watch”. Market Ructions:…
Voters that Democrats need most to win election are most severely impacted by inflation crisis: Report
Democratic strategist James Carville coined the phrase: “It’s the economy, stupid!” If that expression holds true, Democrats are in for a walloping this November. That is because, as NBC News reported over the weekend, the voter demographic groups that helped Democrats win in 2020 are being most negatively impacted by the ongoing inflation crisis. From…
The Fed is Trying to Fix Inflation – Biden is Breaking it again
I know you have heard this a lot, but inflation means that people are trying to buy goods and services, when the production of goods and services can’t quite meet demand. Therefore some people pay more, and others do without. The reason the Federal Reserve raises interest rates is to slow down businesses who want…
Raging Inflation, A Collapsing Economy/Stock Market And Gold In Uganda
The idea that Vladimir Putin is responsible for the raging price inflation in the U.S. – as “Joe Biden” first claimed in a speech a couple of months ago, calling it “Putinflation” – is patently absurd. The Fed, along with several of the largest Central Banks around the world are directly and indirectly the cause…
Top Federal Reserve official predicts inflation will surge past target rate for ‘couple of years’: ‘Recession risks are going up’
Federal Reserve President Loretta Mester predicted Sunday that it will take several years before inflation subsides to the Fed’s targeted level. Last week, the Federal Reserve raised benchmark interest rates 0.75%, the most aggressive hike in more than a quarter-century. The benchmark rate could be as high as 3.4% by the end of 2022 and…
Expect Higher Unemployment As Federal Reserve Tackles Inflation, Warns Top Policymaker
Federal Reserve Governor Christopher Waller warned on Saturday that efforts from the central bank to tackle inflation would produce higher unemployment. Last week, Fed policymakers announced that they would take action to hike interest rates by 0.75% — the boldest move to combat inflation since 1994. The central bank already increased rates by 0.5% in…
Inflation is forcing state and local officials to CANCEL or scale back infrastructure projects under Biden’s $1trillion bill: Shortage of workers and prices of pipes, asphalt and construction materials surging
The $1 trillion in federal infrastructure investment sparked by the massive bill President Brain-Dead Biden signed last year is starting to kick in, $1trillion in federal funding signed by Biden last year is starting to kick in. But inflation is causing most projects to scale back or be cancelled completely. Some…
Sec. Yellen, Who Lied About Inflation, Makes Recession Prediction
Who would believe anything this old bat has to say after she admitted to being dead wrong about inflation? Short answer: No one. Just a week after Biden’s Treasury Secretary admitted to lying about inflation, the mainstream media invited her back to discuss the likelihood of another recession. According to Yellen, a recession is not…
Inflation Is Dominating Headlines, But Deflation Is What Investors Should Fear
Inflation Is Dominating Headlines, But Deflation Is What Investors Should Fear Authored by Adam Taggart via Wealthion.com, Voices like Elizabeth 'Karen' Warren have been among the loudest when it comes to painting “corporate greed” as the prime suspect behind rising inflation in the US.This isn’t a fringe perspective. On Wednesday, Brain-Dead Biden sent a warning letter to top oil…
Is there a case for higher inflation?
I recently ran across a couple of tweets that look at the pros and cons of inflation. This one seems to accept the Philips Curve as a way of framing the issue: This one opposes higher inflation: I am not a fan of either tweet. It’s true that using monetary policy to suddenly move inflation…
Even Democrats Blame Biden For Surging Inflation: I&I/TIPP Poll Terry Jones
https://issuesinsights.com/2022/06/20/even-democrats-blame-biden-for-surging-inflation-ii-tipp-poll/ If there’s a topic uppermost on most people’s minds today, it is certainly the surge in inflation over the past year. Soaring prices have affected virtually every person in the country. And Americans say they know who’s responsible: Illegitimate President Biden. Surprisingly, that includes more than half of all Democrats, too. May’s 8.6% annualized inflation…
Inflation Is Everywhere: The Infamous Warren Buffett Charity Lunch Sold For More Than Four Times Last Year’s Price
Inflation Is Everywhere: The Infamous Warren Buffett Charity Lunch Sold For More Than Four Times Last Year’s Price Inflation is just everywhere… Even the infamous Warren Buffett charity lunch, wherein the “Oracle” auctions off lunch with him and the proceeds go to charity, is feeling the effect of inflation. The lunch, which is going to be…
Lying Treasury Sec. Yellen Insists Recession NOT ‘Inevitable,’ Inflation ‘Likely To Come Down’
But Federal Reserve data from Q1 and Q2 show U.S. economy technically already in a recession. Posted BY: Wyatt T | NwoReport Biden Treasury Secretary Janet Yellen rejected the idea that “recession is inevitable” and claimed the economy has been “growing at a very rapid rate” despite it contracting in the last quarter. “I expect…
