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• Showing only topics in ~finance with the tag "prices". Back to normal view / Search all groups

salon.com
2. # US congressional testimony on the impact of climate-related disasters on the solvency of homeowner's insurance

congressionaldish.com

Bloomberg
4. # State Farm asks for huge California home insurance rate increase, signaling financial distress

San Francisco Chronicle

CNN

sfgate.com
7. # GDP per capita vs. the federal poverty rate over the years (observation and discussion)

Fair warning, I'm a dummy trying to talk about stuff I don't fully understand, but I wanted to see others' thoughts on this. In the 1960s, America's GDP (per capita) was \$3,000. Also, in 1960, the...

Fair warning, I'm a dummy trying to talk about stuff I don't fully understand, but I wanted to see others' thoughts on this.

In the 1960s, America's GDP (per capita) was \$3,000.
Also, in 1960, the federal poverty limit was \$3,000 for a family of four.

In 2023, the GDP (per capita) was \$82,034.
The federal poverty limit for a family of four in 2023 was \$30,000.

This can't be good for the American people. Unless I'm drawing comparisons between two completely unrelated things?

People who are barely in poverty today would have to earn ~2.7x the amount they earn to stay consistent with those who were barely in poverty in the 1960s if GDP and FPL were still equal to each other. So what about the families caught in the middle? Too high earnings to get help and too low to thrive? They just suffer, I guess.

Out of curiosity, I calculated what the thresholds would be if the percentages of GDP to FPL were swapped between 2023 and 1960.

1960s numbers adjusted if FPL matched 2023's percentage:
GDP=\$3,000
FPL=\$1,111

1960s numbers adjusted if GDP matched the percentage comparison of 2023:
GDP=\$8,100
FPL=\$3,000

Please let me know if it actually matters that the GDP per capita is 2.7x the federal poverty limit for a family of four. Also, let me know your thoughts.

Yahoo

oup.com
10. # Egyptians are buying and selling gold just to stay afloat

The New York Times
11. # Why car insurance in America is actually too cheap

economist.com
12. # Palm Springs capped Airbnb rentals. Now some home prices are in free-fall.

Los Angeles Times
13. # Half of recent US inflation due to high corporate profits, report finds

The Guardian
14. # Greedflation: corporate profiteering ‘significantly’ boosted global prices, study show

The Guardian

ft.com

Bloomberg

CNBC

ProPublica
19. # Beijing needs to junk its economic playbook

foreignpolicy.com

CNBC

Reuters
22. # 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.

23. # Norway's exports reached a record in July, driven mainly by natural gas prices that have soared – higher fish and metals exports also contributed

Associated Press

CNBC
25. # 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

Associated Press

27. # Five things to know about nickel’s 90% price surge

The Washington Post
28. # Sweden has earmarked \$661 million for a temporary scheme to help the most affected households cope with high electricity bills this winter

Associated Press
29. # Dollar Tree makes it official: Items will now cost \$1.25

Associated Press
30. # IKEA furniture and homeware prices are to rise as a result of lasting disruption to its supply chain – increased cost of raw materials knocked its full-year profits

The Guardian

Reuters

Reuters

upjohn.org

Reuters
35. # President Donald Trump seeks to add seventy-five million barrels of oil to US Strategic Petroleum Reserve amid historic price crash

marketwatch.com

Bloomberg
38. # Pricing niche products: Why sell a mechanical keyboard kit for \$1,668?

kevinlynagh.com

Reuters
40. # America is obsessed with beef. But it has no use for hides, so leather prices plunge

Los Angeles Times
41. # Consumer prices were on average fifty-six percent higher in Iceland than the rest of Europe in 2018

france24.com
42. # Australian house prices have biggest drop since GFC amid warnings of credit crunch

The Sydney Morning Herald

CBC