The US economy faces a new threat | Unemployment

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The US economy faces a new threat

'...The biggest danger facing the American economy for years has been inflation. Now, another problem is emerging as a credible threat on the horizon: Unemployment. ...'

Reference: yahoo.com
Tags: Higher Unemployment Under Biden,Inflation,Bidenomics,Dangerous Times in America (The Democrat Years),

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If US Inflation Reflected Rising Home Insurance Costs, It’d Be Even Higher

'...Homeowners insurance costs in the US hit roughly $175 billion in 2023, up 21% over the previous year...'

Reference: www.bloomberg.com
Tags: Inflation, Home Insurance Rates Are Destroying U.S. Homeowners, Destruction of America's retirees,The Democrat Years,

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Why rent in the CPI report is so hard to figure out

'...the puzzle around rent inflation, which is one-third of the CPI. It's stuck at 5.6% y/y and keeping overall inflation high. ...some worry that surprisingly-high demand and solid wage growth will keep rents high.

Most-convincing is this chart: Which highlights that the CPI rent number is currently higher than any of the private measures of rent.'

Reference: www.forexlive.com
Tags: Inflation,Rent Prices, CPI,Destruction of America's retirees,

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Quagmire anyone? Fed watchers try to divine a confusing state of play

'...The cost of housing has been driving inflation of late, and Fed officials still expect it to decline and lead headline inflation lower.

But strong data keep undercutting confidence in a fast return of inflation to the Fed's 2% target. Some of the alternate shelter indicators watched by policymakers have shown no clear break yet. ...With inflation running faster-than-expected through the first months of this year, the Fed is "not quite sure it has done enough to derail inflation and cut rates; a further acceleration in inflation would force the Fed to consider additional rate hikes," Swonk wrote.'

Reference: yahoo.com
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Bidenomics Continues Inflation Rise | Auto Insurance Rates are Out of Control | DO SOMETHING ABOUT IT JOE!

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Car insurance rates on the rise; what you can do to save

'The national average has rates up more than 20% in the last 12 months, ...He is hopeful this trend won’t continue as supply chains have improved.

“An insurance company would pay for a rental car for someone for two to three days and now we can’t get that part in for four to five weeks so insurance companies are paying for rentals that much longer,” he said.'

Reference: www.wpxi.com
Tags: Supply Chain Issues Continue Under Biden / Democrats,

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Root Causes of Inflation | Biden offers $5.8 billion more in student debt forgiveness, will email those next in line

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Biden offers $5.8 billion more in student debt forgiveness, will email those next in line

'...The administration is also sending emails signed by President Joe Biden to an additional 380,000 borrowers in the public sector, letting them know they are one to two years away from getting the same debt cancellation. The latest student loan relief comes amid the president's bid for reelection...'

Reference: www.usatoday.com
Tags: Vote Buying by Democrats, The Biden Years, Root Causes of Inflation, Delayed College Loan Forgiveness,

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Inflation Begins to Grow Again | Fed's Bostic Warns US Inflation Progress Likely to Slow

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Fed's Bostic Warns US Inflation Progress Likely to Slow

'Atlanta Federal Reserve President Raphael Bostic said inflation could "see-saw" if policymakers cut interest rates too soon, warning that inflation's descent towards the central bank's 2% goal was likely to slow in the months ahead, the Financial Times reported on Sunday. ...'

Reference: www.newsmax.com
Tags: Inflation

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America’s inflation crisis is even worse than you think

'...virtually every aspect of the U.S. economy has been impacted by the inflation. The price of milk has increased 17 percent. Egg prices have risen 42 percent. Energy service prices have increased more than 11 percent. ...Kelley Blue Book reported in October that the average price of a new car has increased by $5,000 since the end of 2020. ...worst of all is the increase in the cost of new homes. nearly $70,000 more. ...The Biden administration and Democrat-controlled Congress are causing America to slowly but certainly commit economic suicide. '

Reference: thehill.com
Tags: Auto Price Inflation,Bidenomics,Inflation,Destruction of America's retirees,

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Inflation: Mortgage Rates Head Higher Again, Rise to 7.18%

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Mortgage Rates Head Higher Again, Rise to 7.18%

'1 to 6.7% currently. In a grim indicator ...The average long-term U.S. mortgage rate edged up this week, pushing higher the borrowing costs for prospective homebuyers already facing a housing market limited by a dearth of homes for sale and rising prices. The average rate on the benchmark 30-year home loan rose to 7.18%...'

Reference: www.floridarealtors.org
Tags: Biden Accomplishments,Biden Legacy,Inflation,Bidenomics,Bidenomis vs. Mortgage Rates,

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UAW Chief Fain Rejects 21% Pay Increase Offer

'United Auto Workers President Shawn Fain said he’s unmoved by an offer of a 21% pay raise from Stellantis NV as the strike against the Big Three US automakers entered its third full day. “It’s definitely a no-go,” Fain said Sunday on CBS’s Face the Nation. “We’ve made that very clear.”...'

Reference: www.bloomberg.com
Tags: Inflation,Wage Inflation,Auto Price Inflation,Truck Price Inflation,Destruction of America's retirees,United Auto Workers (UAW),Greed vs. Common Sense, Root Causes of Inflation,

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Social Security COLA Increase in 2024 Likely to be Smaller

'...lower inflation rate has not necessarily meant that prices have decreased," the group wrote in a study published earlier this month. The group said in the study that "key items" are still at "stubbornly high" prices. ...social security benefits have lost approximately a third of their buying power since 2000.'

Reference: www.newsmax.com
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January CPI preview: Inflation likely rose 0.5% in 2023's first month

'Inflation is projected to have risen in the first month of the year, defying optimism from investors and officials over a steady move lower seen in recent readings. While the monthly CPI figure likely rose in January, the annual headline number is projected to come down to 6.2% from 6.5% the prior month, according to consensus estimates compiled by Bloomberg. The Bureau of Labor Statistics' January Consumer Price Index (CPI) is scheduled for release at 8:30 a.m. ET on Tuesday. ...'

Reference: yahoo.com
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BIDEN ADMIN ALTERS CPI Weight Update Starting With January 2023: Starting with January 2023 data, the BLS plans to update weights annually for the Consumer Price Index based on a single calendar year of data, using consumer expenditure data from 2021. This reflects a change from prior practice of updating weights biennially using two years of expenditure data.

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How do you destroy people making less than $50,000/year on Social Security and Other Low Wage Working Class Caste Positions

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Biden-Flation Eats Away An Entire Month of Americans’ Paychecks and It’s Not Going Away

'It is shocking how many Americans are losing ground every month...Americans are facing the steepest pay cut in 25 years, according to a new report by the Dallas Federal Reserve.'...they are skipping meals. They’re dipping into their savings. Seventy percent say they’re looking for extra work to find a way to somehow make ends meet. “We’ve got a lot of Americans who decided to delay their own retirement because they don’t know how to make it in Joe Biden’s very cruel economy. The president is doing nothing about reducing those crushing prices.”

Reference: house.gov
Tags: destruction of the middle class,Destruction of the elderly,Inflation,Biden Legacy,

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$15 Increase! Amazon is raising the price of Prime to $139 per year

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Amazon is raising the price of Prime to $139 per year

'...The company can't blame the hike on financial hardship, at least. Amazon's net profit jumped nearly 57 percent in 2021 to $33.4 billion — the lingering COVID-19 pandemic has been good for Amazon's core shopping business....'

Reference: yahoo.com
Tags:

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Wage Stagnation and Inflation

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Nominal Wage Tracker

'...Despite the incomplete nature of the recovery, influential voices are already calling for the Federal Reserve to guard against inflation by raising interest rates to slow the economy. The stakes in this debate are high. Macroeconomic policy (including monetary policy) that prioritized very low rates of inflation over low rates of unemployment is a key reason why real wages have stagnated for the vast majority of American workers in recent decades (as we have shown through our Raising America’s Pay initiative). Widespread wage growth will not occur over the coming years if the Federal Reserve prematurely slows the recovery in the name of fighting prospective inflation...'

Reference: Economic Policy Institute
Tags: monetary policy, Federal Reserve, Macroeconomic policy, wage stagnation, Inflation, destruction of the middle class,

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Notes: Real Estate and Medical are what's driving inflation. Primarily, medical related economics are what is harming the economy the most while having the greatest impact on low and middle incomes.