Inflation came in hotter than expected and … stocks rose sharply? Yes, that’s right. Meanwhile, digging through the financial plumbing reveals that everything Susanne Trimbath said is openly admitted to on Nasdaq’s own website publications.
by Dr. Chris Martenson
Chris Martenson’s Peak Prosperity
Inflation came in hotter than expected and – guess what? – stocks screamed higher … which is the exact opposite of what “should” happen.
But we’ve long since given up on expecting what should happen to actually happen. Stocks have been screaming higher for months on the back of the Fed and US Treasury conspiring to make financial conditions as easy as they’ve been in years. Which runs counter to this whole idea that ‘the Fed is tightening’ that is 100% not true.
Here’s what you get during such periods of time:
My explanation for the extreme desperation on display by the Fed and US Treasury is that their interventions are having to be both larger and more frequent just to keep the whole thing stapled together. Their fear seems to be along the lines of “If we let this thing deflate even slightly, the whole mess might explode in our hands and on our watch.”
The budget plan President Joe Biden unveiled on Monday would hike taxes, increase federal spending to unprecedented levels, and lock in budget deficits that average nearly $2 trillion annually for the next decade.
Core services CPI — 61% of total CPI and infamous for historic head fakes — is approaching 6% annualized six-month average.
I used to really enjoy going to the grocery store. I would relentlessly hunt for deals, and I would show off what I was able to find when I got home. But now all of the bargains are gone. Instead, there are ridiculous prices and there are even more ridiculous prices. The prices for some of the things that I normally buy have doubled. In other cases, the prices have almost doubled. Of course the soaring cost of living is the direct result of decisions that our leaders have made. They just kept borrowing, spending and flooding the system with money, and now the cost of living is wildly out of control.
In February 2024, the AIER Everyday Price Index (EPI) rose 0.73 percent to 286.9. This rise was the largest percentage increase in the index since August 2023 and the eighth largest going back to January 2022 (26 months).
(NewsNation) – Kellogg’s CEO Gary Pilnick is facing backlash after suggesting that cash-strapped households save money by eating cereal for dinner.
Inflation pressures remained persistent in February, as prices for shelter and gas rose, according to the latest data from the Bureau of Labor Statistics released Tuesday morning.
Two crypto influencers on X have called on their followers to snap up Bitcoin, gold and silver, citing the risk of rising national debt in the United States.
Surge Pricing Is Coming to You
Buying now and paying later is still a popular way to splurge on airfare to Cabo. It’s an increasingly common way to buy groceries and lawn furniture, too.
President Joe Biden will reportedly use tonight’s State of the Union address to once more rail against what the White House has taken to calling “shrinkflation”—the annoying corporate practice of shrinking the size of products rather than raising prices.
A recent article from Matt Egan at CNN admits that Americans have a problem paying for things… but neither he, nor any of the outlet’s other employees ever bring up Joe Biden or his policies as a significant cause of the problem; read here:
The one-year anniversary of the collapse of Silicon Valley Bank (SVB) is upon us. And while some of the factors behind that catastrophe have been tamped down, a new crop of problems have emerged to cast a shadow over the banking system and the health of the US economy. In the year since, only the sources of difficulty have changed.