It is difficult to find exact historical settings for the inflation set loose by the Biden Administration. However, the similarity with previous periods could be a guide. Among the conditions plaguing us today are: very turbulent domestic politics, large deficits caused by an expansion of the welfare state and 20 years of losing warfare, supply […]
https://pricklypear.news/wp-content/uploads/iStock-1556146183.jpg56558841Neland Nobelhttps://pricklypear.news/wp-content/uploads/logo_2023.pngNeland Nobel2024-02-22 00:30:422024-02-23 15:36:47Inflation Can Be Difficult To Kill Off
Recent headlines for the January jobs report indicate a robust economy. But a more thorough look reveals challenges for Americans. One recent headline proclaimed “Voters are finally noticing that Bidenomics is working.” But just 30 percent of Americans think the economy is doing well. When asked who would handle the economy better, people give former president Donald Trump a 22-point advantage […]
But that’s how inflation is, once out of the bottle: It serves up nasty surprises. We’ll start with the “core services” CPI (services minus energy services) because this is so crucial, and because Powell keeps talking about it. We have been concerned here for months about the refusal of core services inflation to ease off, and […]
https://pricklypear.news/wp-content/uploads/iStock-1360200099.jpg14062131Wolf Richterhttps://pricklypear.news/wp-content/uploads/logo_2023.pngWolf Richter2024-02-19 00:28:102024-02-17 09:58:22Beneath the Skin of CPI Inflation, January: Powell’s Gonna Have a Cow when he Sees the Spike in “Core Services” Inflation
Zombies have a prominent place in the world of fiction and movies. There’s the novel “World War Z” by Max Brooks (subtitled “An Oral History of the Zombie War”) and the well-known film by George Romero, “The Night of the Living Dead.” From these sources, we become acquainted with certain well-established facts about zombies, namely, […]
https://pricklypear.news/wp-content/uploads/walking-dead-1666584_1920.jpg12751920Mark Wallacehttps://pricklypear.news/wp-content/uploads/logo_2023.pngMark Wallace2024-02-13 00:29:532024-02-10 10:46:46The Return Of The Zombie Banks
Editors’ Note: We agree with much of the foregoing analysis. We would add that transfer payments for COVID relief, or any other purpose, financed with debt, is simply wealth borrowed from future generations for the benefit of the present generation. We made ourselves richer and our grandkids poorer. Is that a moral way to get […]
https://pricklypear.news/wp-content/uploads/moneyspiral-scaled.jpg17062560Bruce Bialoskyhttps://pricklypear.news/wp-content/uploads/logo_2023.pngBruce Bialosky2024-02-11 00:30:132024-02-09 05:44:37How We Got A Lot Richer
A December 19, 2023, article by Brett Arends on MarketWatch caught my eye with the oh-so-clickable title of “This Is the Scariest Number for Social Security.” Given the fact that many corporate media articles today focus on pointing out to the Rubes how their senses are wrong and, gosh golly, everything is just peachy, it did […]
https://pricklypear.news/wp-content/uploads/social-security-1.jpg408612Karl Streitelhttps://pricklypear.news/wp-content/uploads/logo_2023.pngKarl Streitel2024-02-11 00:28:542024-02-09 06:13:26Social Insecurity: It’s Not Wrong to be Concerned about Facts
Across the world, people are struggling under the specter of inflation. In Venezuela, the inflation rate is 360 percent. In Argentina, it’s 160 percent. In Turkey, inflation is about 50 percent, about 10 percent higher than its neighbor Iran. In Europe, inflation of the euro has finally cooled to about 3 percent, down from more than 10 percent a year […]
https://pricklypear.news/wp-content/uploads/1904244730_4e133a662a_k.jpg15362048Jon Miltimorehttps://pricklypear.news/wp-content/uploads/logo_2023.pngJon Miltimore2024-02-02 00:30:492024-02-02 23:26:34The Cost of Inflation: History Shows Inflation Erodes More Than the Value of Money
The economy grew solidly. The debt spiked. The US government debt is measured in “current dollars,” meaning: not adjusted for inflation. So we compare it to GDP in “current dollars,” not adjusted for inflation. The hope is that the current-dollar GDP, grew faster than the current-dollar debt so that the burden of the debt on […]
https://pricklypear.news/wp-content/uploads/tornadomoney.jpg313546Wolf Richterhttps://pricklypear.news/wp-content/uploads/logo_2023.pngWolf Richter2024-02-01 00:26:192024-01-31 09:16:23US Debt-to-GDP Ratio Worsens Further, Despite Solid Economic Growth, as Government Debt Balloons at a Scary Pace
Starting with Obama and Trayvon Martin, and continuing through the George Floyd Riots and the summer of Black Lives Matter, it has become an article of faith among Democrats in particular, that the US suffers from what they call “systemic racism.” The concept is often asserted, but rarely with evidence or documentation. Ironically, much of […]
The stock market continued to move higher in January (about 3.5%), generally ignoring increased geopolitical risk in the Middle East and traditional signs of recession. Excitement about large amounts of cash on the sidelines, supposed easing financial conditions, expectations of imminent FED rate cuts, a “soft landing”, and all things AI pushed several key indices […]
https://pricklypear.news/wp-content/uploads/istockphoto-462756183-612x612-1.jpg408612Neland Nobelhttps://pricklypear.news/wp-content/uploads/logo_2023.pngNeland Nobel2024-01-29 00:30:592024-01-29 09:48:31The Stock Market Continues to Party On
Inflation Can Be Difficult To Kill Off
/in Economy, Featured, Latest News, National Debt, Personal Finance, Politics/by Neland NobelIt is difficult to find exact historical settings for the inflation set loose by the Biden Administration. However, the similarity with previous periods could be a guide. Among the conditions plaguing us today are: very turbulent domestic politics, large deficits caused by an expansion of the welfare state and 20 years of losing warfare, supply […]
America Can’t Afford Bidenomics
/in Economy, Featured, Latest News, National Debt, Personal Finance, Politics/by Vance GinnRecent headlines for the January jobs report indicate a robust economy. But a more thorough look reveals challenges for Americans. One recent headline proclaimed “Voters are finally noticing that Bidenomics is working.” But just 30 percent of Americans think the economy is doing well. When asked who would handle the economy better, people give former president Donald Trump a 22-point advantage […]
Beneath the Skin of CPI Inflation, January: Powell’s Gonna Have a Cow when he Sees the Spike in “Core Services” Inflation
/in Economy, Featured, Latest News, National Debt, Personal Finance, Politics/by Wolf RichterBut that’s how inflation is, once out of the bottle: It serves up nasty surprises. We’ll start with the “core services” CPI (services minus energy services) because this is so crucial, and because Powell keeps talking about it. We have been concerned here for months about the refusal of core services inflation to ease off, and […]
The Return Of The Zombie Banks
/in Economy, Featured, Latest News, Personal Finance, Politics/by Mark WallaceZombies have a prominent place in the world of fiction and movies. There’s the novel “World War Z” by Max Brooks (subtitled “An Oral History of the Zombie War”) and the well-known film by George Romero, “The Night of the Living Dead.” From these sources, we become acquainted with certain well-established facts about zombies, namely, […]
How We Got A Lot Richer
/in Economy, Featured, Healthcare, Latest News, National Debt, National Security, Personal Finance, Politics/by Bruce BialoskyEditors’ Note: We agree with much of the foregoing analysis. We would add that transfer payments for COVID relief, or any other purpose, financed with debt, is simply wealth borrowed from future generations for the benefit of the present generation. We made ourselves richer and our grandkids poorer. Is that a moral way to get […]
Social Insecurity: It’s Not Wrong to be Concerned about Facts
/in Economy, Featured, Healthcare, Latest News, Liberty, National Debt, Personal Finance, Politics/by Karl StreitelA December 19, 2023, article by Brett Arends on MarketWatch caught my eye with the oh-so-clickable title of “This Is the Scariest Number for Social Security.” Given the fact that many corporate media articles today focus on pointing out to the Rubes how their senses are wrong and, gosh golly, everything is just peachy, it did […]
The Cost of Inflation: History Shows Inflation Erodes More Than the Value of Money
/in Culture War, Featured, Latest News, Liberty, Life Advocacy, National Debt, Personal Finance, Politics/by Jon MiltimoreAcross the world, people are struggling under the specter of inflation. In Venezuela, the inflation rate is 360 percent. In Argentina, it’s 160 percent. In Turkey, inflation is about 50 percent, about 10 percent higher than its neighbor Iran. In Europe, inflation of the euro has finally cooled to about 3 percent, down from more than 10 percent a year […]
US Debt-to-GDP Ratio Worsens Further, Despite Solid Economic Growth, as Government Debt Balloons at a Scary Pace
/in Economy, Featured, Latest News, Liberty, National Debt, Personal Finance, Politics/by Wolf RichterThe economy grew solidly. The debt spiked. The US government debt is measured in “current dollars,” meaning: not adjusted for inflation. So we compare it to GDP in “current dollars,” not adjusted for inflation. The hope is that the current-dollar GDP, grew faster than the current-dollar debt so that the burden of the debt on […]
Systemic Racism Is Bogus
/in Culture War, Economy, Education, Featured, Latest News, Personal Finance, Politics/by Neland NobelStarting with Obama and Trayvon Martin, and continuing through the George Floyd Riots and the summer of Black Lives Matter, it has become an article of faith among Democrats in particular, that the US suffers from what they call “systemic racism.” The concept is often asserted, but rarely with evidence or documentation. Ironically, much of […]
The Stock Market Continues to Party On
/in Economy, Featured, Latest News, Personal Finance/by Neland NobelThe stock market continued to move higher in January (about 3.5%), generally ignoring increased geopolitical risk in the Middle East and traditional signs of recession. Excitement about large amounts of cash on the sidelines, supposed easing financial conditions, expectations of imminent FED rate cuts, a “soft landing”, and all things AI pushed several key indices […]