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Inflation
05/06/2022
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By News Editors
It’s mid-2022 and the fed has still done nothing to fight inflation
It was last August when Jerome Powell began to admit that inflation just might be a problem. But even then, he was only willing to say that inflation would likely be “moderately” above the arbitrary 2 percent inflation standard. Back in August, low inflation—not high inflation—was still perceived to be the “problem.” But things had certainly changed […]
05/06/2022
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By News Editors
The great currency reset and why Europe is trapped
There’s a lot of news flying around about the changes happening in global currency trading. (Article republished from TomLuongo.me) From “Gas for Rubles” to “What the Hell is Going on With the Yen?” there are a lot of questions and very few answers as to what it all means and whose on which side of […]
05/05/2022
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By News Editors
Uber reports surging revenue as drivers return, but posts massive loss on investments
Uber on Wednesday reported surging revenue during the first quarter as the ride-hailing company said it’s recovering from its coronavirus lows and wouldn’t have to put up “significant” investments to keep drivers on the platform. (Article by Jessica Bursztynsky republished from CNBC.com) But it also reported a $5.9 billion loss during the period that was largely attributed to the revaluation of […]
05/05/2022
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By News Editors
Why every American should care that diesel prices are surging across the country
Gasoline prices are increasing almost daily, pinching the wallets and pocketbooks of nearly all Americans with cars. However, as bad as that news is, diesel prices are surging even more across the country. Today’s truckstop retail diesel prices hit a new record of $5.32/gallon. Since February 1st, national truckstop diesel prices have increased by $1.57/gallon. […]
05/03/2022
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By Mary Villareal
Ocean freight rates climb for third straight month; volatile global shipping costs worsening inflation
Ocean freight rates have climbed for the third consecutive month in April, this time by 11.1 percent. The increase now stands at 109.9 percent year-over-year. According to the International Monetary Fund, there is a correlation between the volatile global shipping costs and ongoing inflation. Data from 143 countries over the past 30 years have shown […]
05/03/2022
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By News Editors
US economy crashes headlong into recession
Is it too extreme to say an annualized GDP growth number of minus 1.4% this quarter puts us in recession in this quarter, and is it too extreme to call that a “crash?” No, it is not in the least extreme, and I’ll tell you why, even though the standard definition of a recession is two consecutive quarters of negative GDP change. (Article […]
04/28/2022
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By Arsenio Toledo
IMF director ADMITS world’s central banks “printed too much money”
The director of the International Monetary Fund (IMF) slipped up and admitted that the world’s central banks may have printed too much money and did not think of the consequences. “I think we are not paying sufficient attention to the law of unintended consequences,” said Kristalina Georgieva, who has led the IMF as its chair and managing director since […]
04/26/2022
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By News Editors
Shocks to the system
There is something about being detached from reality that makes it hard to go about your everyday business. In the quaint asylums of yore, it was understood that a few shocks to the system could bring lunatics out of a fugue state of derangement — a cold water plunge… an insulin hot-shot to induce convulsions… […]
04/25/2022
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By Kevin Hughes
Remote workers blame inflation, rising cost of gas for need to work from home
Remote workers are blaming Biden-fueled inflation charges and soaring costs of gas and childcare for their ongoing need to work from home. Now that the Wuhan coronavirus (COVID-19) positivity rates are low, remote work advocates are no longer blaming their desire to stay home on safety concerns, but instead on the financial effects of their day-to-day office schedule, which is […]
04/22/2022
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By News Editors
David Stockman on inflationary hell that’s about to break loose
It is only a matter of time before Kiev surrenders to the Russians, with or without their clown-car president signing the armistice. But that deal will be so onerous from Washington’s perspective that it will not mark the end of the sanctions war, but will be an excuse for its actual intensification and indefinite prolongation. […]
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