What we find is that the main economic events that took place were the ISM Services on Dec 5, the November Payrolls report on Dec 8, the University of Michigan Consumer Sentiment report, the CPI report on Dec 12 (and let’s add today’s retail sales data just for additional context)…
The Federal Deficit Nearly Tripled, Raising Concern About the Country’s Finances…
The federal government’s deficit nearly tripled in the first nine months of the fiscal year, a surge that’s bound to raise concerns about the country’s rising debt levels…
There Are Very Strange Things Going on at Goldman Sachs Savings Accounts Interest Rates…
Goldman Sachs’ online bank, Marcus, is offering an interest rate on its savings accounts that is 350 times the interest rate being offered by its competitors, JPMorgan Chase and Bank of America. That’s not normal…
Paul Craig Roberts Warns the Loss of the Petrodollar Will Be Disastrous…
Former White House official Paul Craig Roberts is warning that as more nations all over the globe move away from using the dollar in energy trade, the consequences for the United States economy could be quite severe…
Please, Someone: Hit the Brakes On Biden’s Gas and Energy Nonsense…
Team Biden’s energy nonsense never stops. The latest: a bizarre claim that Americans are saving money — $120 a month, or $420 million in total since summer — at the pump…
September Consumer Price Index Shows Inflation Continuing to Rise More Than Expected, Fed Raising Rates Having No Impact Because It Is NOT Demand Side Inflation…
The Bureau of Labor and Statistics released the September Consumer Price Index (CPI) today [DATA HERE]. The financial and business media call the continued rise of consumer inflation “unexpected,” however, the results are not a surprise to those who are not pretending…
Oil Prices Crumble As Core U.S. Inflation Hits 40-Yr High…
Oil prices fell on Thursday morning following new CPI data that showed core inflation in the United States had risen to the highest level in four decades…
“Horrible”… “Brutal”…”A Disaster for Democrats”: A Shocked Wall Street Reacts to Today’s CPI Nuclear Bomb…
For all the talk of the world being on the verge of nuclear war courtesy of the dementia patient in the White House, a real life financial nuke just went off at 8:30am when the BLS reported a shocking CPI print so unexpectedly hot ( a 2.9-sigma upside surprise to consensus), that even the bears were shocked. The result was… well, an absolute disaster doesn’t even begin to cut it…
Fed Rate Hikes Will Add Trillions to National Debt…
Federal Reserve rate hikes will add trillions to the national debt, according to an analysis by the Committee for a Responsible Federal Budget…
Fed Hikes Rates Another 75bps, Sends Hawkish ‘Higher for Longer’ Signal with DotPlot…
For the 3rd meeting in a row, The Fed hiked 75bps as expected but signaled a much more hawkish than expected future trajectory of rates (higher for longer)…