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7 votes
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Why the 2% inflation target?
29 votes -
Egyptians are buying and selling gold just to stay afloat
9 votes -
350,000 Californians are now on the FAIR Plan, the last resort for fire insurance. Now what?
36 votes -
Price fixing by algorithm is still price fixing
59 votes -
Guyana is trying to keep its oil blessing from becoming a curse
16 votes -
Greedflation accounts for fifty-three cents of every US dollar of inflation in past six months
62 votes -
Half of recent US inflation due to high corporate profits, report finds
35 votes -
Minneapolis has a YIMBY message for America: Build more houses and get rid of suburban-style zoning and inflation will disappear
28 votes -
NYC homeowner costs are rising at three times the inflation rate
20 votes -
It’s official: The era of China’s global dominance is over
22 votes -
Rising long-term interest rates are posing the latest threat to a US economic ‘soft landing’
24 votes -
US national debt tops $33 trillion for first time
10 votes -
Rice prices soar, fanning fears of food inflation spike in Asia
17 votes -
US GDP grew at a 2.4% pace in the second quarter, topping expectations despite recession calls
31 votes -
Pay raises in the US are finally beating inflation after two years of falling behind
13 votes -
US June CPI comes in at 0.2% MoM and 3% YoY, below the 3.1% forecast
30 votes -
How are y'all dealing with inflation?
Everywhere I turn everything is more expensive. I'm spending less and less every month on non-necessities, buying more basic foods, never eating out, spending less on entertainment, etc but...
Everywhere I turn everything is more expensive.
I'm spending less and less every month on non-necessities, buying more basic foods, never eating out, spending less on entertainment, etc but everything else just keeps going up and up.
Electricity just went up 12%, my gas bill is up 20%, rent has gone up 10% year after year, water is somehow 30% more expensive than it used to be, my groceries are more expensive than ever even though I'm buying in bulk and not buying anything fancy, I've stopped eating luxuries I used to enjoy like steak and fancy cheese because they've just gotten outrageous.
I have a good job that pays decently but my raises have been less than 3% a year and I feel like I'm getting squeezed out of everything I once had. There's no light at the end of the tunnel is there?
101 votes -
Does the "inflation due to wage growth" narrative hold water?
I've started to notice this narrative in my news feeds. The argument is high wage growth is contributing to stubborn inflation. So cooling wage growth is seen as positive. It'll help central banks...
I've started to notice this narrative in my news feeds. The argument is high wage growth is contributing to stubborn inflation. So cooling wage growth is seen as positive. It'll help central banks pause the hike cycle sooner.
My knee jerk reaction is if wage growth is contributing to inflation it's minuscule; just enough to print the headline. I can't help but feel this narrative is a way to distract from the earlier price gouging narrative and to help employers scapegoat out of raises.
But I'll admit, I haven't looked into this topic deeply. So I'm happy to be schooled.
52 votes -
Real wage growth in the USA at the individual level in 2022
15 votes -
Shifting sands: US inflation’s changing dynamics
17 votes -
How much have record corporate profits contributed to recent US inflation?
41 votes -
Swedish core inflation slowed less than expected in May as Beyoncé fans flooding Stockholm may have driven an increase in hotel prices
8 votes -
US Federal Reserve holds off on rate hike, but says two more are coming later this year
24 votes -
Minneapolis and Honolulu see local inflation levels fall below national goal
20 votes -
US inflation rose at a 4% annual rate in May, the lowest in two years
12 votes -
What are your investing/trading moves this week?
Do you expect a Fed rate hike, pause, or rate cut on June 14? I personally believe the Fed will surprise the market with another rate hike because although CPI has cooled, core PCE has remained...
Do you expect a Fed rate hike, pause, or rate cut on June 14?
I personally believe the Fed will surprise the market with another rate hike because although CPI has cooled, core PCE has remained sticky and the Fed doesn’t want inflation to rear its ugly head at all costs.
According to the CNN Fear & Greed Index we are at “extreme greed” levels not seen since February 3rd, which also coincided with a temporary market top.
This leads me to believe the market will begin to fall over the next few weeks until we hit “fear” or “extreme fear” levels again around July.
13 votes -
Norway's sovereign wealth fund reported a record loss of $164 billion for the whole of 2022, citing 'very unusual' market conditions
7 votes -
Microsoft is laying off 10,000 employees
10 votes -
Consumer prices fell 0.1% in December, in line with expectations from economists
8 votes -
Inflation, part 2: Shelter in Canada and the United States
3 votes -
Real inflation cycle theory
4 votes -
Lukashenko imposes ban on price increases in Belarus effective immediately
7 votes -
How this Florida town became the sea sponge capital of the world | Big Business
2 votes -
Klarna has revealed that losses more than tripled in the first half of the year – firm has been hit by a slowdown in consumer spending
8 votes -
UK inflation to hit 18.6% next year according to Citi
Archive: https://archive.ph/t0oH2 From the article: UK inflation is on course to hit 18.6 per cent in January — the highest peak in almost half a century — because of soaring wholesale gas prices,...
Archive: https://archive.ph/t0oH2
From the article:
UK inflation is on course to hit 18.6 per cent in January — the highest peak in almost half a century — because of soaring wholesale gas prices, according to a new forecast from Citigroup based on the latest market prices.
The investment bank predicted that the retail energy price cap would be raised to £4,567 in January and then £5,816 in April, compared with the current level of £1,971 a year — shifts it said would lead to inflation “entering the stratosphere”.
[...]
UK and European wholesale natural gas prices are already trading at close to 10 times normal levels and other forecasters have also raised their inflation predictions.
Goldman Sachs and EY said they expected an inflation rate of at least 15 per cent around the start of next year and the Bank of England said this month that inflation would exceed 13 per cent towards the end of the year.
The energy regulator Ofgem will on Friday announce the energy price cap for the period between October and January, which most analysts expect to rise to more than £3,500 for a household with average usage of energy — an increase of 75 per cent on current levels.
12 votes -
Inflation reduction act explained by Hank Green
7 votes -
US consumer prices rose 8.5% in July, less than expected as inflation pressures ease a bit
8 votes -
Denmark's decade-long experiment with negative rates seen ending soon – central bank raised its key interest rate
5 votes -
Monetary policy, inflation outlook, and recession probabilities
3 votes -
Euro reaches parity with dollar
I didn't find any great links so made this a self post. Here are some just from Google but they mainly just say what's on the tin:...
I didn't find any great links so made this a self post. Here are some just from Google but they mainly just say what's on the tin:
https://www.cnn.com/2022/07/11/investing/euro-dollar-parity/index.html
As of 5:00 pm Eastern on July 11th 2022, if you check the exchange rate, the dollar is now 1:1 with the Euro.
In terms of effects, it seems complicated. Europe has a decently export heavy economy, unlike the US (for which only 10% of its GDP comes from manufacturing), so a weak Euro will help that.
However, it will make all imports more expensive. This is another supply shock, as most of continental Europe already faces heavy issues with regards to energy given the sanctions on Russia, one of the primary energy providers.
So it will certainly make domestic inflation worse (note: domestic inflation and the value of the currency on FX are different things - although they can mutually affect each other). If nothing else, the LNG Europe is buying from the US will be more expensive. The ECB has struggled to raise interest rates to fight inflation given Spain and Italy's high debt levels, and this won't help.
Winter could potentially be very, very bad.
For the US, a strong dollar is probably fine. The US is not a heavy export country, and the dollar surge helps cement reserve currency status from which the US gets a number of benefits. A slowdown in exports will also help tamper inflation.
The pound for the most part has tracked with the Euro, brexit or not.
17 votes -
Russia defaults on foreign debt for first time since 1918
15 votes -
Is the era of cheap money over?
6 votes -
Untangling persistent versus transitory shocks to inflation
3 votes -
Immigration shortfall may be a headwind for labor supply
5 votes -
The stock market kinda wants a recession
10 votes -
Sri Lanka defaults on debt for first time in its history
4 votes -
Inflation in Sweden increased last month to its highest level since 1991, as countries worldwide grapple with surging prices exacerbated by Russia's war in Ukraine
3 votes -
Inflation rose 7.9% in February from a year ago, as food and energy costs push prices to highest in more than forty years
11 votes -
The importance of price signals
7 votes