Posts Tagged ‘Inflation’

UK Retailers Face Inflation Hangover After Blowout Christmas

LONDON—British consumers enjoyed a blowout Christmas, results from the country’s biggest retailers show, treating themselves to upmarket food, drink, and clothes before the sober reality of surging prices hits home in 2022. Retailers Tesco, Marks & Spencer, and Next performed better than expected in the final weeks of 2021, as a rise in COVID-19 cases […]

Report: Inflation Now Higher Than Biden’s Approval Rating

U.S.—In a historic first, the inflation rate of the U.S. Dollar has surpassed the approval rating of the President.  “Wow! My inflation is way higher than Trump’s inflation! Record high! Take that, Trump!” said Biden to a bowl of oranges he had mistaken for Trump. “It’s so high it even passed my really high approval […]

INFLATION hits shocking 40 Yr high while DARPA funds creation of 3D printed food from “mixed waste”

As inflation continues to skyrocket with no apparent end in sight but DARPA already seeing the future in its 3D printed food. Harrowing news broke this week as economic reports start to come in from the month of December. Under the first year of the Biden regime, inflation hit a 40 year high. From the […]

What’s causing the inflation crisis? Economist Michael Hudson explains

January 05, 2022 Benjamin Norton from Moderate Rebels interviews Dr. Michael Hudson.  The interview is more wide-ranging than the title suggests but, with razor-sharp intellect, Dr. Hudson breaks open the reason for today’s inflationary cycles.  Dr. Hudson again looks at the roots of de-dollarization, the new financial system, China’s purported slow-down, and common prosperity policy being implemented […]

Inflation In Turkey Explodes To 36.1%, Blowing Away Estimates, As Hyperinflation Sets In

In December alone, consumer prices soared by a hyperinflation-like double-digits, rising 13.58%, the Turkish Statistical Institute said on Monday, eating deeper into the earnings and savings of Turks ravaged by Erdogan’s demented economic turmoil. The surge in prices reflected a more front-loaded exchange rate pass-through than usual triggered by the size of the exchange rate […]

The Real Antidote to Inflation: Stoking the Fire Without Burning Down the Barn

The Fed has options for countering the record inflation the U.S. is facing that are more productive and less risky than raising interest rates. The Federal Reserve is caught between a rock and a hard place. Inflation grew by 6.8% in November, the fastest in 40 years, a trend the Fed has now acknowledged is not […]

‘Not true’: Sanders counters Manchin’s bogus inflation argument against Build Back Better

Sen. Bernie Sanders (I-Vt.) speaks during a press conference outside the U.S. Capitol in Washington, D.C. on June 24, 2019. (Photo: Saul Loeb/AFP/Getty Images) Sen. Bernie Sanders on Thursday countered fellow Sen. Joe Manchin’s recent Fox News appearance with an op-ed on the right-wing outlet’s website aimed at rebutting the West Virginia Democrat’s falsehood-laden talking points against the […]

What’s Really Causing Inflation & How We Should Deal With It

Above Photo: Brian Ponto. From November 2020 to November 2021, consumer prices rose by 6.8%, the highest rate of inflation since 1982, but average hourly earnings rose by only 4.8%. This meant that, on average, working families were worse off than a year ago — what are termed “real wages” actually fell by 2%. During […]

Elizabeth Warren Blames Grocery Stores for Food Price Inflation

Massachusetts senator has implicated grocery stores as main culprits in rising food prices in a series of open letters to CEOs of three major chains New Analysis Elizabeth Warren (D-Mass.) pointed the finger at grocery stores, blaming them for rising food prices in a series of letters addressed to the CEOs of three major grocery […]

Turkey’s Erdogan Says He’s Cut Inflation to 4 Percent Before, Can Do Again

ANKARA—President Tayyip Erdogan said he had lowered Turkey’s inflation to around 4 percent before and that he will achieve that again, as it topped 21 percent following a push for aggressive cuts in interest rates that he has engineered. Erdogan has said that policy, which has sent the country’s lira crashing, was part of a […]

10 Low-Cost Christmas Gifts To Help You Deal With Inflation This Year

Brought to you by: Let’s face it—between supply chain shortages and record inflation, it’s tough to find good Christmas gifts right now. If you’re struggling to make ends meet this Christmas, here are 10 excellent gift ideas for victims of runaway government spending like you!  1) A nice shiny orange: Who doesn’t love a nice shiny […]

Manchin: ‘We’re Getting Into’ a ‘Financial Crisis’ with Inflation, ‘Making More of a Crisis on the Individual’

During an interview with West Virginia MetroNews’ “Talkline with Hoppy Kercheval” on Monday, Sen. Joe Manchin (D-WV) said that while we avoided a financial crisis, “we’re getting into it because they’re making more of a crisis on the individual person today because of the high cost of inflation.” While explaining his opposition to the Build […]

Surging Inflation Could See Millions of American Households Paying $3,500 in Additional Expenses This Year: Report

Surging inflation will cost millions of Americans more than $3,000 in additional expenses this year, according to a Penn Wharton University of Pennsylvania Budget Model (PWBM) analysis published on Wednesday. PWBM, a nonpartisan research-based initiative, estimates that the historic levels of inflation will require the average U.S. household to spend around $3,500 more in 2021 to achieve the same level of consumption […]

Psaki Blames Inflation On Little Elves That Change Prices In The Middle Of The Night

Psaki Blames Inflation On Little Elves That Change Prices In The Middle Of The Night WASHINGTON, D.C.—The White House is pushing back at the idea that inflation is related to any of President Biden’s policies. White House Press Secretary Jen Psaki has instead said that inflation is solely caused by “little elves that change prices […]

The Horrifying Inflation Crisis That You Were Warned About Is Here

All of a sudden, inflation is one of the hottest political issues in America.  Most people seem surprised that inflation has gotten so wildly out of control, but the truth is that this should not be a surprise to any of us.  We have been warned for years that this was coming.  Whenever our corrupt politicians […]

White House Enlists Major News Orgs To Generate More Positive Spin On Inflation, Supply Chain Crisis

Joe Biden’s approval ratings are approaching basement territory and there are warning signs of a possible looming catastrophe at the ballot box for Democrats in the 2022 midterms, with voter concerns sitting squarely on uncertainties about the U.S. economy on issues like worsening inflation, the continued supply chain crisis, and the gloomy jobs outlook. But […]

Inflation Surges Near to a 40-Year High. Wages Aren’t Keeping Up.

November’s increase was up from October’s year-over-year increase of 6.2 percent. And it was well up from November 2020’s year-over-year increase of 1.13 percent. This surge in price inflation comes only a week after Fed Chairman Jerome Powell backtracked on earlier comments dismissing the threat of price inflation, and suggested previous attempts to define recent […]

Joe Biden Tries to Preempt More Bad News on Inflation

President Joe Biden tried to preempt more bad news on inflation Thursday as analysts are watching the release of the Consumer Price Index (CPI), scheduled for Friday. “Tomorrow, we will get a report on consumer prices that experts expect to be elevated again,” Biden acknowledged in a statement about the economy. Economists are estimating consumer […]

‘I was shocked at the prices,’ inflation causes hikes at Gaza’s markets

On a November afternoon at the largest supermarket in the Shuja’iyya neighborhood in the Gaza Strip, for a first time the owner Mohammed Ezz finds himself staring at empty shelves.  Rising inflation has pushed prices for consumer goods to their highest level since 2010, making the cost of restocking unaffordable to the 34-year-old grocer. With […]

Inflation Causing Hardship For 45% Of U.S. Households; Lower-Income Americans Most Affected: Gallup

By Mohamed Younis of Gallup, As the peak of holiday shopping approaches and winter temperatures drive up heating costs across the U.S., 45% of American households report that recent price increases are causing their family some degree of financial hardship. Ten percent describe it as severe hardship affecting their standard of living, while another 35% say […]

‘Retire’ the Word ‘Transitory’: Powell Inflation Testimony Shakes Stock Market

The SPDR S&P 500 ETF Trust traded lower by 1.8 percent on Tuesday after Federal Reserve chair Jerome Powell changed his tune on the outlook for U.S. inflation. What Happened In testimony to the Senate, Powell said he will no longer be using the term “transitory” to describe the environment of elevated U.S. inflation. “The […]

Fighting The Inflation Profiteers

Above photo: President Biden delivering remarks on the economy on Tuesday. Evan Vucci/AP News. Companies are raising prices well above increases in their costs. The only antidote is to finally take action against corporate power. In a time of high inflation, you hear a lot about companies “passing costs” on to customers. In order for […]

Nation Suffers Post-Thanksgiving Inflation Around Midsection

U.S.—Inflation has been a real problem this year, and it’s only getting worse. According to reports, millions all across the nation have been experiencing post-Thanksgiving dinner inflation, particularly around the midsection. Midsection inflation suddenly spiked after Thanksgiving, well outpacing its normal rate. “Hoo boy — talk about inflation!” said one dad in Ohio as he […]

Inflation Woes Push Consumer Sentiment to Decade Low

U.S. consumer sentiment plunged to a decade low in November, according to a University of Michigan survey, which blamed inflation and a growing sense among Americans that no effective policies have been put in place to rein in surging prices. The university’s most recent consumer sentiment index fell to a reading of 67.4 in November, down […]

Poll: Joe Biden’s Approval Scrapes New Low as Inflation Worries Build

Joe Biden’s approval with voters has hit a new low with polling released Wednesday showing barely 42 percent of the survey’s participants approve of the job he is doing in office. That is the lowest rating Biden has received in an NPR/Marist poll since he was inaugurated in January. In the poll as reported by NPR, […]

Caruzo – Take It from Venezuela: No, Inflation Is Not Good

CARACAS — Inflation is a fearsome beast, and it’s plagued my country, Venezuela, for longer than I’ve existed. While our tales and circumstances are quite different, now that Americans are facing it once more, it seems like a good time to send some words of warning from someone who has lived through the worst (and […]

Why the ‘Make America Worse’ bill will lead to higher inflation

When Sultan Abdulmejid I of the Ottoman Empire declared war on Russia in the summer of 1854, he assumed it would be an easy victory that would restore his crumbling empire back to its former glory. But Abdulmejid’s dream never came true. The Ottoman Empire was already in dire economic condition by the mid-1800s; Abdulmejid’s […]

Rob Schneider Rips Biden Over Inflation: ‘Consider Never Voting Again for These A-Holes Who Hate You’

Comedian and actor Rob Schneider has targeted the Biden administration for mockery over its inability to get a handle on soaring inflation, including energy prices. “Build back broker!” the Hollywood star joked. Rob Schneider was responding to recent news that Americans will pay more than they ever have for their Thanksgiving meals. The average cost of […]

I am Inflation, Destroyer of Worlds: Poor and Middle Class Get Smashed by Inflation.

Inflation, inflation, and inflation. People tend to think that inflation merely means higher prices. Yet the type of inflation we are dealing with is extremely problematic. Inflation is running at a multi-decade high clip at 6.2% annualized and it may be even worse since the way we measure inflation is an imperfect science. Inflation punishes […]

Dem Rep. Escobar: If You’re Worried About Inflation, You Should Want Work Permits for Migrants in Spending Bill

During an interview aired on Thursday’s “PBS NewsHour,” Rep. Veronica Escobar (D-TX) argued that people concerned about inflation should want the productivity boost that will come from provisions for work permits for illegal immigrants in the Build Back Better reconciliation bill. Host Judy Woodruff asked, “But very quickly, again, on the right, from Republicans, you […]

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