Money & Economics
- Thread starter bigredfish
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BREAKING NEWS
THE EUROPEAN CENTRAL BANK IS WARNING THAT THE UNITED STATES RISKS TRIGGERING FINANCIAL CRISIS WITH IRAN WAR
Interesting that they would say this out loud.
THE EUROPEAN CENTRAL BANK IS WARNING THAT THE UNITED STATES RISKS TRIGGERING FINANCIAL CRISIS WITH IRAN WAR
Interesting that they would say this out loud.
Housing is fine, no problems.
I mean my sisters nephew's former daughter-in-law just sold her house on the outskirts of Houston in 2 days above market price
I mean my sisters nephew's former daughter-in-law just sold her house on the outskirts of Houston in 2 days above market price
Crib Notes: Inflation continues to go up
www.marketwatch.com
The main inflation barometer preferred by Federal Reserve rose to a three-year high in April and it could rise even higher, posing a stiff challenge for households, businesses and the broader U.S. economy.
The personal-consumption price index rose by 0.4% last month, the fifth large increase in a row.
The yearly rate of inflation climbed to 3.8% from 3.5% in the the prior month to mark a three-year high.
Just one year ago, inflation had slowed to a 2.3% rate. Yet prices began to rise again, first due to the Trump tariffs, and more recently, the surge in gas prices tied to the Iran conflict.
Inflation escalates to 3-year high. And it might get worse before it gets better.
Inflation escalates to 3-year high. And it might get worse before it gets better.
The main inflation barometer preferred by Federal Reserve rose to a three-year high in April and it could rise even higher, posing a stiff challenge for households, businesses and the broader U.S. economy.
The main inflation barometer preferred by Federal Reserve rose to a three-year high in April and it could rise even higher, posing a stiff challenge for households, businesses and the broader U.S. economy.
The personal-consumption price index rose by 0.4% last month, the fifth large increase in a row.
The yearly rate of inflation climbed to 3.8% from 3.5% in the the prior month to mark a three-year high.
Just one year ago, inflation had slowed to a 2.3% rate. Yet prices began to rise again, first due to the Trump tariffs, and more recently, the surge in gas prices tied to the Iran conflict.
Consumer spending looks strong, but higher inflation is a big reason why
Consumer spending looks strong, but higher inflation is a big reason why
Americans get less bang for their bucks
Americans' Savings-Rate Slumps In April As Fed's Favorite Inflation Signal Soars
Americans' Savings-Rate Slumps In April As Fed's Favorite Inflation Signal Soars<!-- --> | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
Home Refi Activity Plummets As Mortgage Rates Hit 9-Month Highs
Home Refi Activity Plummets As Mortgage Rates Hit 9-Month Highs<!-- --> | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
LOL
Fox Business:
"1st quarter GDP coming in with a read of 1.6%. So this is a revision down. The first read was 2%, now we're coming in with a second read of 1.6%, and that is actually below the range."
Reminder we were told GDP would be over 4% or higher
Nutlick is a prime example of a lying grifter that MAGA loves...
Fox Business:
"1st quarter GDP coming in with a read of 1.6%. So this is a revision down. The first read was 2%, now we're coming in with a second read of 1.6%, and that is actually below the range."
Reminder we were told GDP would be over 4% or higher
Nutlick is a prime example of a lying grifter that MAGA loves...
Can you say “ inflation is causing the “increased spending” because shit costs more, and the consumer is tapped out with nothing left for savings”
The only thing between you and $5-6 p/gal gas the past month
Also tapping it for political cover so his low IQ supporters don't notice. Thats not what it for
Also tapping it for political cover so his low IQ supporters don't notice. Thats not what it for
ONLY 10% OF AMERICANS ARE NOW KEEPING THE ENTIRE US ECONOMY FROM CRASHING.
28 million people are driving 49% of everything Americans spend. The other 221 million account for just 37%. This is the highest concentration of consumer spending ever recorded in US history.
Every 1% rise in the stock market increases consumer spending by 0.05%. Markets are up double digits this year. The entire consumer economy is now a direct function of where the S&P 500 closes every day.The bottom 80% have nothing left to contribute. National household debt just crossed $18 trillion. Credit card balances hit a record $1.2 trillion as lower income households borrow just to cover basic expenses against prices that are 25% higher than 2020.
Deloitte projects that a 10% stock market correction would cause real consumer spending growth to fall to just 0.2% in 2027 and drop 1% in 2028.The 28 million people keeping this economy running are fully invested in the stock market.The US economy has never been this dependent on this few people. And those people have never been this dependent on the stock market.
28 million people are driving 49% of everything Americans spend. The other 221 million account for just 37%. This is the highest concentration of consumer spending ever recorded in US history.
Every 1% rise in the stock market increases consumer spending by 0.05%. Markets are up double digits this year. The entire consumer economy is now a direct function of where the S&P 500 closes every day.The bottom 80% have nothing left to contribute. National household debt just crossed $18 trillion. Credit card balances hit a record $1.2 trillion as lower income households borrow just to cover basic expenses against prices that are 25% higher than 2020.
Deloitte projects that a 10% stock market correction would cause real consumer spending growth to fall to just 0.2% in 2027 and drop 1% in 2028.The 28 million people keeping this economy running are fully invested in the stock market.The US economy has never been this dependent on this few people. And those people have never been this dependent on the stock market.
Faux News forced to tell the truth. It mist be horrific there today....
...Except of course in certain Houston suburbs where Prime Rib is only $3.99lb and gas is $1.89 per gallon...
mat200
IPCT Contributor
- Jan 17, 2017
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Chokolinho
Getting comfortable
The inflation rate isn't accurate anyway. The basket of goods is adjusted as needed. Every product has its own inflation rate. Inflation in Los Angeles is different from that in New York.
mat200
IPCT Contributor
- Jan 17, 2017
- 19,005
- 31,799