Home Blog Page 28

Egg Prices to Record-Breaking Heights

by Amy Furr
Breitbart.com

People across America are feeling the sting of the rising cost of eggs in part being driven by the bird flu outbreak.

In October, Vice President-elect Sen. JD Vance (R-OH) pointed to the skyrocketing price of eggs as evidence of President Joe Biden (D) and Vice President Kamala Harris’s (D) economic policies, per Breitbart News.

“Eggs, when Kamala Harris took office, were short of $1.50 a dozen. Now, a dozen eggs will cost you around $4, thanks to Kamala Harris’ inflationary policies,” he said.

Continue Reading at Breitbart.com…

Thanks to Years of Inflation, the Price of Breakfast in America is Now Obscene

by Michael Snyder
The Economic Collapse Blog

They have officially ruined breakfast. Once upon a time, breakfast was the least expensive meal of the day, but now everything has changed. Eggs, butter and coffee have all become extremely expensive, and there is no relief in sight in 2025. When I went to the grocery store on Friday, I spent about 45 dollars for just nine tubs of butter. I could hardly believe my eyes, but after doing some digging I discovered that five dollars for a pound of butter is very close to the national average at this stage.

Of course in some areas it is even more expensive. During an exchange on MSNBC’s Morning Joe program, Joe Scarborough was astounded to learn that the price of butter has reached 7 dollars in some stores in his area…

Continue Reading at TheEconomicCollapseBlog.com…

Experts Say High Food Prices Are Here to Stay. Here’s Why.

by Juhohn Lee
CNBC.com

Inflation has steadily cooled over the past two years, despite seeing a slight stall in October and November. Prices for items such as gasoline, used cars and energy have all declined accordingly. However, food prices continue to outpace inflation, increasing by 28% since 2019.

More than 85% of consumers report feeling frustrated with rising grocery prices, and over a third say they have resorted to buying fewer items to save money, according to a 2024 survey by RR Donnelley.

However, experts say high food prices are here to stay.

“Once food price goes up, it tends to stay up,” said Claudia Sahm, a chief economist at New Century Advisors. “The inflation may come back down, so you don’t see the big price increases. But outside of widespread depression, we don’t tend to see prices falling across the board.”

Continue Reading at CNBC.com…

Dingell: People Are Still Worried About Grocery Bills, Have Rising Rent, Can’t Buy Home

by Ian Hanchett
Breitbart.com

During an interview with C-SPAN on Friday, Rep. Debbie Dingell (D-MI) stated that people are still worrying about the high prices of groceries, seeing rent increases, and “can’t afford to buy a home.”

Dingell stated, “I go to Kroger on Sunday mornings. I have a routine. And when I’m in that — in the store, people know I’m going to be there. They come and talk to me about what — the price of eggs is what’s really, I think has not still quieted down, how they’re worried about their grocery bills, about people that can’t afford to buy a home. The rent’s going up, everyday issues that matter to working men and women across the country.”

She further stated, “We’ve got to listen and show them how we’re addressing those issues.”

Continue Reading at Breitbart.com…

Here’s the Fed’s 2025 Meeting Schedule and What to Expect for Interest Rates

by Simon Moore
Forbes

Fixed income markets anticipate that the Federal Reserve will cut interest rates in 2025, but not by much. Short-term interest rates are expected to end 2025 close to 4%, that’s down from the current 4.25% to 4.5% range as of January 2025. This is after the Fed cut rates in December 2024.

This forecast assumes that the U.S. economy continues to grow; unemployment remains slightly above 4%; and inflation ends the year close to 2.5%. These projections were the median forecasts of Federal Open Market Committee policymakers in December 2024. If the economy performs differently than these expectations, then the interest rate outlook will evolve too.

Continue Reading at Forbes.com…

Seattle Public Schools Sees Alarming 20% Spike in Student Homelessness After 30% Rise Last Year

from Zero Hedge

Seattle Public Schools is seeing an alarming rise in the number of its students experiencing homelessness.

As of October, the district reported 2,235 students experiencing homelessness since the school year began, a nearly 20% increase from last year’s 30% rise, KUOW/NPR reported.

Homelessness has reached record levels nationwide, according to a recent HUD report. In Washington state, over 41,000 students experienced homelessness during the 2023-24 school year, a nearly 15% increase.

Jenny Allen, a McKinney-Vento support worker in Seattle, said rising costs and limited affordable housing are straining families, while the district has seen a rise in immigrants and refugees, particularly from South America.

Continue Reading at ZeroHedge.com…

The Inflation Ruination to Come

All forecasts are useless amid a global financial structure of unstable criticality in which any snowflake can bring an avalanche

by Jeffrey Race
Asia Times

The coming years are going to be a bumpy ride for more reasons than appear in press chatter, talk shows and podcasts and bumpier than the chatterers and “experts” imagine.

Global finances are at an epochal turn. The world has been living on capital (energy, water, land) and credit for many, many decades and that has stopped.

Economists blithely call it “The Great Moderation” and congratulate themselves. Highly skilled in their discipline, they are innocent of history and other kinds of insight essential to comprehending today’s situation.

With their narrow understanding, American economists just told their leaders to max the national credit card, possible once President Nixon had in 1971 cut the dollar’s link to gold, theretofore the sole restraint keeping American politicians and public modestly responsible.

Continue Reading at AsiaTimes.com…

21 Essential Skills for Thriving During Hyperinflation

by Scott Mackenzie
MSN

21 Essential Skills for Thriving During Hyperinflation

Hyperinflation is an economic nightmare that can devastate savings and upend entire societies in the blink of an eye. Just look at Venezuela, where inflation hit 65,000% in 2018, or Zimbabwe, where it reached a mind-boggling 79.6 billion percent in 2008. While it may seem far-fetched, history shows that no economy is completely immune. The skills outlined here aren’t just nice-to-haves; they’re potentially life-saving in a world where money loses its value by the hour. Ignore them at your peril.

Continue Reading at MSN.com…

Analysis: How Will Inflation, Interest Rates and the U.S. Consumer Fare in 2025?

by Brandy Hadley
PBS

Brian Blank is a finance scholar and Fed watcher who researches how companies navigate downturns and make financial decisions, as well as how markets process information. Brandy Hadley is a finance professor who leads a student-managed investment fund and studies corporate decision-making and incentives. Together, they’re also the resident economic oracles at The Conversation U.S., and their forecast for 2024 held up notably well. Here, they explain what to expect from 2025.

New year, new questions

Heading into 2024, we said the U.S. economy would likely continue growing, in spite of pundits’ forecast that a recession would strike. The past year showcased strong economic growth, moderating inflation, and efficiency gains, leading most economists and the financial press to stop expecting a downturn.

Continue Reading at PBS.org…

High Rates and Continued Inflation Mean Housing Prices Stay High

by Roger Valdez
Forbes

Like anyone in the housing discourse, I’ve done my share of prognosticating about mortgage rates and inflation and their impact on housing in general and housing policy specifically. It makes sense at the beginning of a new year to think about where rates may go in 2025, why, and what impact that will have on the housing economy.

Housing continues to be a huge share of the American economy, making up as much as 18% of Gross Domestic Product (GDP). That figure includes single-family home construction and multifamily construction but the associated services and economic production created by the housing economy. When changes happen in one part of the housing economy it has profound effects on other sectors as well. Changes in interest rates means a change in the cost to borrow which means shifts in demand.

Continue Reading at Forbes.com…