‘People can’t afford rent, let alone going on a date.’
by Infowars.com
Info Wars
Young people pursuing romantic partners are forgoing traditional first dates and instead meeting virtually online due to the rising costs of social outings, according to reports.
Business Insider notes the dating app Wingman claims, “65% of users aged 18-27 choose to video call as a first date instead of meeting up.”
The practice, which was common during the COVID pandemic, is making a resurgence as Gen Z-ers realize it’s becoming costly to fork out dough for first dates, especially if there’s no connection between persons.
Food prices, both “at home” (think grocery stores) and “away from home” (think restaurants), are up 25% during the Covid period from January 2020. This high cost change of a consumer necessity is cause for recessionary actions.
The price of Easter is nearing a historic high as inflation and supply chain issues send the cost of holiday staples such as eggs and chocolate soaring.
Traders were also cheered by a big jump in Chinese factory activity that fuelled hopes that the world’s number two economy may have bottomed out.
Followers of the Austrian school of economics know that the term inflation refers to increasing the quantity of money or money substitutes. The result being a rise in the price of goods and services or a fall in the value of money. But, in the modern era, this rise in prices is called inflation and as Ludwig von Mises wrote, “This semantic innovation is by no means harmless.” The semantic change has people looking everywhere but where they should to blame for higher prices.
Biggest Drunken Sailors of all. Average interest rate on the Treasury debt spiked but is still only half of what it was in 2001.
When inflation picked back up in January 2024, many commentators described it as more noise than signal. The latest data from the Bureau of Economic Analysis (BEA) casts doubt on that view.
During an interview aired on Tuesday’s broadcast of CNBC’s “Mad Money,” BlackRock CEO Larry Fink said that he thinks “we’re going to have higher inflation than most people believe, and much of that is going to help those people who are worried. Wage inflation is continuing. Food inflation has moderated in the last six to 12 months.” But we failed to account for how bad it was in late 2022 and early 2023.
Investors around the world need to expect massive market distortions to worsen as inflation accelerates.
March 26 (Reuters) – Gold prices climbed on Tuesday, as expectations of interest rate cuts by the U.S. Federal Reserve firmed, while investors waited for data due later in the week for underlying inflation trends that will help gauge the timing of these cuts.