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After last week’s sizzling hot CPI data, inflation talk continues to dominate the news. The government and central bank have been insisting inflation is transitory. Now they’ve turned to a new spin tactic – recycling 1970s inflation propaganda. Treasury Secretary and former Federal Reserve chair Janet Yellen appeared on Face the Nation and spent the […]
Central banks globally added 69 tons of gold to their reserves in the third quarter, according to data compiled by the World Gold Council. This contrasts with a net decrease in reserves of over 10 tons in Q3 2020.
The October CPI numbers came in much higher than expected. In his podcast, Peter dug into the data juxtaposed with the official narrative that inflation is transitory. When you boil it all down, the only thing that is transitory is the Federal Reserve’s credibility.
The US government started fiscal 2022 the same way it ended fiscal 2021 — spending itself into a massive budget shortfall. The budget deficit for October came in at $165.1 billion, according to the most recent monthly Treasury statement.
The Consumer Price Index blew past expectations in October as the “transitory” inflation narrative continues to unwind. CPI was up 0.9%. On an annual basis, the inflation rate was 6.2% compared with a 5.9% estimate. It was the highest annual CPI gain since 1990. The CPI stole the headlines, but the Producer Price Index also […]
The federal budget deficit in October came in at $165 billion. That represents a staggering 36.8% of total expenditures for the month. This is slightly below the 12-month average where the deficit represented 39.3% of total expenditures. Over the twelve-month period, the total deficit was $2.65 trillion driven by total expenditures that reached $6.7 trillion. […]
A story I ran across a couple of weeks ago provides an opportunity to make fun of all kinds of people, from a silver thief, to a silver buyer, to a really bad writer who somehow managed to land a job writing web stories for a local TV station.
The October Consumer Price Index data came out this week. They expected it to come in hot. But not this hot. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into the CPI numbers, along with another inflation index that looks even worse, and he wonders out loud how anybody can […]
The October CPI data came in even hotter than expected, and we saw widespread price increases across multiple categories. The following provides an in-depth analysis of the most recent CPI data.
Much hotter than expected CPI data for October stole the spotlight on Wednesday, but there was more bad news on the inflation front that received less attention. The annual Producer Price Index (PPI) increase in October tied September’s record, as rising producer prices continue to undercut the “transitory inflation” narrative.
