The Fed hiked rates by a stunning (but expected) 75bps – the biggest hike since 1994. Esther George dissented (preferring 50bps). Fed expresses that is “strongly committed” to fighting inflation…
Trade Deficit Jumped 7.1 Percent in January Setting All Time Record, While 2022 Inflation Estimates Now Double Previous Forecasts…
Remember that fourth quarter GDP result that seemed manipulated? Well, I suspect the record setting trade deficit now being reported for January is an outcome of those pesky fourth quarter trade results being intentionally skewed by the withholding of December 2021 import data…
January Wholesale PPI Inflation Doubles Economic Expectations, Diesel Fuel Jumps 9.4% in January Alone, 56.5% For Year…
Here we go folks. Jumpin’ ju-ju-bones, the first wave of producer driven inflation has just been quantified. The economic analysts are shocked, stunned, flabbergasted and surprised, because the January single month wholesale inflation of 1.0% is double what they expected…
It’s Bad and Only Going to Get Worse, Folks: Modified and Weighted Inflation Data Shows 7.5 Percent Annual Increase, Highest Increase in 40 Year…
The Bureau of Labor and Statistics (BLS) released the January inflation data [DATA HERE] along with the yearly data from 2021. The “first round” of retail grocery price increases starts to surface; but this is only the first round. January inflation was actually much worse than the bad data inside the BLS analysis…
Fed Hopes Inflation Moderates as Interest Rate Hikes Are Triggered…
Whenever we discuss inflation, it is absolutely critical for people to understand that inflation itself is the measure of the percentage increase in a price over a period of time…
Here Is What’s Behind Today’s Stunningly Manipulated Payrolls Beat…
For those who only look at headlines, today’s payrolls report was a veritable shock: coming in at 467K, it was almost 4x the consensus median expectation of 125K, and was orders of magnitude above Goldman’s forecast of -250K. Putting the stunning, 3-sigma beat in context, it came above all 78 estimates, and was more than double the highest forecast of 225K from HSBC. Even more ludicrous were historical adjustments which saw December increased from 199K to 510K, November from 249K to 647K and so on…
BLS Cooks Books to Generate January Jobs Report That No One Believes, for Good Reason…
There really isn’t an adequate way to encapsulate what the Bureau of Labor and Statistics has done with their reported January jobs result [Main Data Here]. If you want a deep weeds review of the actuarial scheme deployed READ THIS ARTICLE…
Philadelphia Media Blame Grocery Store Shortages on “The Winter of Severe Illness and Death”, Omicron…
The issues will fluctuate region by region and chain by chain as we enter the destabilization phase. In this phase the impacts in some operators will be small, and in others will be more noticeable. The difference will be the overall operational excellence in the proprietary business system they operate…
Consumer Inflation Reaches 7 Percent in December, Highest Rate in Forty Years and Still Climbing…
The Bureau of Labor Statistics (BLS) released the December inflation data today [DATA HERE] for December. Readers on these pages are not surprised to discover that inflation in the U.S. economy has now reached a forty year high at 7 percent…
November Jobs Report Massively Misses Expectations, 210k Added vs 535k Anticipated, Financial Media Confused…
Inside the jobs numbers, you will note the areas where consumer spending contraction first hits: retail, luxury, leisure and hospitality, is the area where November employment was flat or jobs were lost. DUH!…