The truth will out.
by Matthew Piepenburg via Gold Switzerland As one who loves metaphor, I can’t help but notice the recent and varying range of metaphorical macro warnings. JP Morgan’s Jamie Dimon, for example, is now predicting a “market hurricane” ahead, which Peter Schiff has recently upgraded to a “Category 5.” Meanwhile, the always blunt Michael Burry has […]
by Jeff Deist via Mises.org All of a sudden everyone is an expert on inflation. Your brother-in-law, your local paper, and even dilettantes at dubious outlets like the Washington Post or The Atlantic feel compelled to explain our current predicament. With the admitted rate of consumer inflation running somewhere around 8 percent, and the real rate much higher, even […]
by Doug Casey via International Man International Man: Recently, we’ve seen people riot over rising prices—especially food prices—in Sri Lanka, Peru, and other countries. What is going on here? Doug Casey: Commodity prices have generally gone up close to 100% in the last year. Soybeans ($17), wheat ($11), and corn ($8) are all at or near […]
by Matthew Piepenburg via Gold Switzerland As central bankers play checkers on a global debt chessboard, we see below how policy hypocrisy, worsening monetary options, failed diplomacy, tanking bonds, rising rates, debt addiction, mismanaged sanctions, de-dollarization and a shift toward a disorderly re-set all spell immense pain for Main Street as well as Wall Street. […]
by Ron Paul via Ron Paul Institute The Biden administration and its allies continue to use Russian President Vladimir Putin as the convenient excuse for their economic failures. The most recent falsehood is that Russia’s invasion of Ukraine caused March’s 8.5 percent year-over-year increase in the Consumer Price Index (CPI). Prices were surging long before […]
by Daniel Lacalle via Mises.org In this world of monetary insanity, defenders of central bank constant easing try every day to convince you that inflation is caused by numerous factors, not by currency printing. Many blame inflation on cost-push factors or even speculation, but ultimately all those are consequences, not causes. Rising prices are always caused by […]
by Chris MacIntosh via International Man You might be thinking we are “pro-Russia”. Nothing of the sort. In essence, we would like to point out how Russia is way more important to the world economy than it was some 20 years ago. To embargo or limit Russia’s exports will only lead to an inflationary super […]
by Egon von Greyerz via Gold Switzerland We are now at the end of an era of economic and moral decadence in a debt infested world built on false values, fake money and abysmal leadership. All hell will break loose. The consequences will be fatal for the world. There are eras in history which have […]
by David Stockman via International Man Goodness me, even the Wall Street Journal is catching on. In a piece about the inflationary rebound theory of a former UK central banker named Charles Goodhart, it actually tees-up the possibility of high inflation for a decade or longer due to an adverse, epochal shift in the global […]
by Egon von Greyerz via Gold Switzerland When the sh-t hits the global fan, it often does it at the optimal time for the maximum amount of damage and with the worst kind of sh-t to soil the world. For years I have been clear that the world is reaching the end of an economic, […]
by Ryan McMaken via Mises.org No, It’s Not “Putin’s Fault.” According to new data released by the Bureau of Labor Statistics, price inflation in February rose to the highest level recorded in more than forty years. According to the Consumer Price Index for February, year-over-year price inflation rose to 7.9 percent. It hasn’t been that high […]
So much for “transitory” inflation assurances. Inflation is starting to really bite, and it looks like it’s only going to get worse. Courtesy of the Federal Reserve’s printing press, the Consumer Price Index officially hit a whopping 7.9%! Of course, we know that true inflation is probably closer to double that number. From the Bureau […]
by Matthew Piepenburg via Gold Switzerland In the tragic backdrop of the Ukraine war, we consider the hard yet ignored math of failed financial systems which restrict (and hence weaken) otherwise stronger political options and make the sad road ahead a path straight toward gold. Despite tough-talking headlines, sanction cries and moral grandstanding, we discover […]
by Matthew Piepenburg via Gold Switzerland Critical warning signs from the credit and rates markets are being ignored by tough-talking experts while gold bides its time before it rises in a global financial crisis mathematically too sick to save. It is fascinating to watch market pundits, policy makers, commercial bankers and other media-supported experts talk […]
by Chris MacIntosh via International Man Ponzi schemes keep going until the perpetrator is stopped from the outside. They never stop by of their own volition. Bernie Madoff kept going until it all blew up. In the year 2000 the Nasdaq composite exceeded a P/E of 200 before collapsing 78% by October 2002. The more […]
by Paul Craig Roberts via Institute for Political Economy Americans live from threat to threat. Now that the “covid threat” and the “Russian threat” have played out, we have the “inflation threat,” but is it any more real? It is true that the Central Bank has poured out unprecedented amounts of money for more than […]
by Doug Casey via International Man International Man: Inflation, as measured by the government’s own crooked CPI statistics, recently hit a 40-year high. What is going on here? Doug Casey: The Consumer Price Index (CPI) itself has been totally corrupted over the years, mainly by changing definitions of what it entails. That’s why it’s interesting […]
by Egon von Greyerz via Gold Switzerland In an investment world of instant gratification and Fed Intervention, when short term trading and speculation is the norm, real values are forgotten. Confucius understood the value of long term thinking and thus real values: If you think in terms of a year, plant a seed, if in […]
by Fast Rope The late Robert Wenzel knew exactly how bad inflation was going to get. He would not be surprised at all that the Bureau of Labor Statistics reported that the Consumer Price Index (CPI) has officially reached 7.5 percent. In fact, he predicted it with amazing precision. It’s as though Wenzel had an […]
The Bureau of Labor Statistics (BLS) just released its most recent Consumer Price Index (CPI) figures. Not good. The U.S. inflation rate has officially reached 7.5 percent for January 2022! According to Yahoo Finance, consensus estimates according to Bloomberg data was 7.3 percent. Big miss for the consensus. From the BLS, Increases in the indexes […]
by Liam Cosgrove via Mises.org On Wednesday, the Federal Open Market Committee (FOMC) held true to its monetary-tightening timeline despite last week’s 10 percent drawdown in most major indices, effectively saying, “10 percent is not enough.” With retail sales numbers that will surely return to trend without more stimulus (see chart), a gridlocked Senate, and the prospect […]
by Daniel Lacalle via Mises.org The history of economic development cannot be understood without the importance of recession periods. Recessions are often the result of the excess accumulated in previous years. Creative destruction after a period of excess used to drive a stronger recovery and continued economic development. That was until risky assets became the […]
by Frank Shostak via Mises.org Most commentators are currently preoccupied with large increases in the Consumer Price Index (CPI), which is labeled as inflation. The yearly growth rate of the CPI stood at 7.0 percent in December against 6.8 percent in November and 1.4 percent in December 2020. Pundits have been blaming the strong increase […]
by Egon von Greyerz via Gold Switzerland It seems that 2022 will be the year when the US Empire disintegrates faster than anyone could have imagined. Empires need strong leadership but electing a weak octogenarian president certainly fits the picture of a collapsing empire. With the world on the verge of a major geopolitical conflict […]
by Ryan McMaken via Mises.org The Fed’s Federal Open Market Committee (FOMC) released a new statement today purporting to outline the FOMC’s plans for the next several months. According to the committee’s press release: With inflation well above 2 percent and a strong labor market, the Committee expects it will soon be appropriate to raise […]