Yes, It Is Different This Time
Most people would be horrified by a 40% decline in their “investments.” When bubbles pop, speculative assets don’t drop 40%, they drop 90% or even 98%…
Continue readingWage Growth
Price Inflation Hit A New 40-Year High in February: No, It’s Not “Putin’s Fault”
The Democrats, since they are assumed to be “in power”, will need some sort of scapegoat for inflation, since it continues to…
Continue readingOur Financial System Is Optimized for Sociopaths and Exploitation
Let’s call this financial system what it really is: the MetaPerverse, a conjured world of self-serving cons…
Continue readingSoaring Rents Eat Americans’ Wage Increases – And Then Some
A coffee barista could receive 10% more pay and have most of it wiped out just by an increase in rent. Add in the costs of food and gasoline, and…
Continue readingWhy Employment Is Not the Key to Economic Growth
A reduction in unemployment is not the key factor for economic growth. The heart of economic growth is…
Continue readingSet For Absolute Economic Collapse In The USA, Normal People Will Not Be Able To Afford Meat
The Federal government only has a very limited amount of food, water and generators widely scattered at FEMA distribution centers around the country…
Continue readingEven A Strong Jobs Report Couldn’t Knock Gold Off It’s Perch
There is an underlying bid in the gold market…
Continue readingInflation Winners and Losers
The clear winners in inflation are those who require little from global supply chains, the frugal, and those who own their own labor, skills and enterprises…
Continue readingExperts Are Warning That Empty Shelves And Food Shortages Are Going To Continue For Many Weeks
No, you’re not imagining it. Some grocery store shelves are bare again, conjuring bad memories of…
Continue readingReal Wages Plummet As Inflation Hits The US Recovery
No US citizen should be happy about plummeting real wages and stagnant labor participation in the middle of a strong recovery and…
Continue readingThe Dollar Has Entered A Death Spiral, And A Lot More Inflation Is On The Way
Most Americans are getting poorer…
Continue readingPrice Inflation Is At The Highest Level Since 1982: What Will The Fed Do?
Although Fed Chair Powell has stated that he believes the economy no longer needs emergency stimulus, that doesn’t mean…
Continue readingWage Inflation Might Shock The World In 2022
Rising wages might have long enough legs to keep overall inflation elevated for years. If so, the Fed will…
Continue readingInflation Surges Near To A 40-Year High, Wages Aren’t Keeping Up
There is now clearly pressure on the Fed to “do something” about inflation. In addition to…
Continue readingWhy Inflation Is a Runaway Freight Train
The value of these super-abundant follies will trend rapidly to zero once margin calls and other bits of reality drastically reduce demand…
Continue readingThe US Misery Index Shows How Weak This Recovery Is
The United States economy is living on borrowed time…
Continue readingNo, Inflation Is Not Good for You
Whatever temporary gains many workers are experiencing with higher wages, the euphoria is not likely to last long. Furthermore, one doubts that….
Continue readingTop 1% Gains More Wealth Than the Combined GDPs of Japan, Germany, UK, France, India and Italy, Bottom 50%–You Get Nothing
Given that political power in America is a pay-to-play auction in which the highest bidder wins, how this incomprehensibly lopsided ownership of…
Continue readingThe Transitory Inflation Narrative Strikes Back And The White House November 2021 Double-Down: “families have seen an increase in real disposable income, and stores and restaurants have the supplies”
“…focused on growing our economy and bringing prices down for American families by…”
Continue readingPrice Inflation Hits a 31-Year High as Janet Yellen Insists It’s No Big Deal
What Yellen fails to mention is that even if inflation rates of, say, four to six percent, last only a year, middle class workers won’t…
Continue reading