Originally Posted by oyarde
US Wholesale prices post largest 12 month jump on record . Producer Price Index inflated 7.3 percent .. All but .8 percent of that has been racked up since December.
Higher prices on lower sales. Sounds like stagflation to me.
"Trump was just a chuckle-headed sucker" is not an effective sales pitch.
Thats one way to look at it , what we currently have are huge price increases for a lesser variety of goods and the FRN is devalued every day . Pretty predictable . Symptoms of failed state .
Last edited by oyarde; 07-19-2021 at 07:42 PM.
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"A politician will do almost anything to keep their job, even become a patriot" - Hearst
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"A politician will do almost anything to keep their job, even become a patriot" - Hearst
US homebuilder confidence falls to 11 month low in July. Dow futures up 186 after biggest loss day this yr. Gold still a bargain at 1820.
Last edited by oyarde; 07-19-2021 at 08:33 PM.
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One yr oil forecast at 77.00 , oil looks to be at 70 soon.
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US launching air strikes to support Afghan ground operations.
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Weekly jobless claims near 420K as inflation continues .
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Bombing in Afghan picking up intensity , Dow hits 35K . Gold still a bargain at 1804.
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On the bright side the Great Hoosier state now imports more FRN's in goods from Ireland and Canada than china . chicoms at number three . In at number four is Denmark ahead of the japs .
Last edited by oyarde; 07-23-2021 at 08:05 PM.
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Soon troop withdrawal from Iraq will be announced as Iraq prime minister will demand withdrawal of combat troops which could be as few as 2500.
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132K without power in Mich from storms last night , 96K in the county surrounding Detroit.
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Fauci now out saying some americans will need kung flu booster shot.
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General McKenzie ( US Central Command ) says the US is ready and preparing to continue to bomb the taliban . Intensity expected to pick up big time between now an Aug 31.
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Dow still over 35K , if it lost 20 percent it would still be 3K over the 52 week low . Thats pretty amazing if you think about it .
Last edited by oyarde; 07-26-2021 at 02:48 PM.
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Housing boom declared over as new home sales fall to plague low . 6.6 percent under May levels and 20 percent below June 2020. Supply reaching a 6 1/3 month level , twice what it was last fall .
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Biden wants to declare mandatory vaccines for Fed employees. And you thought mail delivery was bad the past two years .
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US Coast Guard cutter intercepts 882 lbs of cocaine estimated at 16 million. They should drop it of here for destruction.
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Since california has so many resources they have extended state run health care to illegals age 50 and up .
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America , in its continued fail in mnfg state imports 1 1/2 percent more than previous to a record 236.7 billion while exports decline .3 percent to 145 billion . ( June numbers ) . No good news as crude moves over 72 and inflation is hot while the housing market declines.
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tesla planning to hike US prices so they can use it to compete in china.
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RIP Dusty Hill , ZZ Top bassist passes away in Houston in his early 70's . Biden approval rating falling , currently at 46 percent which is only 5 better than Trump at this point in his presidency. Look for biden to continue to slide as he pushes vaccines , masks , continues being an enemy to American energy , inflation and oil continue to rise and the dollar becomes more worthless.
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dow futures up 161 , gold still a bargain at 1827. US GDP misses expectations for second quarter by two percent . Net exports down about 1/2 percent , trade deficit moves to second largest ever . Residential investment on a downward trend .
Last edited by oyarde; 07-29-2021 at 07:38 AM.
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Most US workers face two percent or more paycut simply from inflation.
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Ten yr treasury at risk of going below 1.1 soon , Feds Waller says Sept taper may be warranted and he would back it if the next two jobs reports are acceptable . Dow falls , Gold still a bargain , only reached 1821.10 today . Stocks entering the time of year where traditionally they dont avg gains . Rep Don Beyer has a new Crypto bill in Congress .
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Annually. And it's more like 3% even according to official CPI. But official CPI specifically does not count food, fuel, utilities and the other core costs of a typical American household. The intangible benefit of higher resolution gaming monitors, however, is counted by the official CPI and acts as a discount against inflation because a monitor with more pixels in 2021 akshually counts as 1.5 or 2 lower-resolution monitors from 2015. Therefore, even though the price has risen slightly, you are actually receiving more "hedonic value" per dollar. So inflation seems to be going up but it is akshually going down.
Also, even if your paycheck was raised 3% per year like clockwork (so-called "cost-of-living pay-raise") timing matters.
In this table, for the first year, your expenses and income were equal. In the second year, however, expenses rise by 3%. At the end of the second year, because prices have risen, your employer gives you a 3% raise to "offset inflation". Every year after that, both your expenses and your income increase by a 3% annual compound rate -- yet you keep falling further and further behind. This is why I despise the "yeah, but income rises with inflation, too" argument. It's an absolute insult to everyone's intelligence to even make that argument. How stupid do you think people are??
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Krauts send Warship to south china sea , chicoms will be very scared. ED will let us know if any jews or **** are in there.
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I think the problem will be compounded by various other factors now . It looks as though the economy already peaked and is in decline . The inflation still to be there but growth could return to the doldrums of the usual dismal growth. What Americans are going to get now is just more of the same , debt , printing , costs rising more than the increasing wages and a dollar of no value .Annually. And it's more like 3% even according to official CPI. But official CPI specifically does not count food, fuel, utilities and the other core costs of a typical American household. The intangible benefit of higher resolution gaming monitors, however, is counted by the official CPI and acts as a discount against inflation because a monitor with more pixels in 2021 akshually counts as 1.5 or 2 lower-resolution monitors from 2015. Therefore, even though the price has risen slightly, you are actually receiving more "hedonic value" per dollar. So inflation seems to be going up but it is akshually going down.
Also, even if your paycheck was raised 3% per year like clockwork (so-called "cost-of-living pay-raise") timing matters.
In this table, for the first year, your expenses and income were equal. In the second year, however, expenses rise by 3%. At the end of the second year, because prices have risen, your employer gives you a 3% raise to "offset inflation". Every year after that, both your expenses and your income increase by a 3% annual compound rate -- yet you keep falling further and further behind. This is why I despise the "yeah, but income rises with inflation, too" argument. It's an absolute insult to everyone's intelligence to even make that argument. How stupid do you think people are??
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As inflation continues to rise daily bidens approval rating drops to just 9 points above his disapproval rating , expected to slide more soon as economic growth slows while inflation continues and covid " positive tests " becomes rampant among the 70 percent vaccinated.
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Jobs report produces almost half the jobs expected . Peak has come and gone . Gold and silver still a bargain , Gold only reaching 1834 this morning and still just slightly under the 200 day avg currently , silver reached 26 but has settled back in at 25 1/2.
Last edited by oyarde; 08-04-2021 at 12:35 PM.
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