You will be pleased to know that it is just a handful of politicians, their bureaucrat advisors and the folk at the national broadcaster who are kaking their daks. These people watched The Brady Bunch in the formative stages of their cogitative ...

Sydney now in lockdown for two weeks as NSW records 12 new local cases, Victoria on high alert

Central bankers and politicians are very smart. They'll fix it.

Millennials vs. baby boomers: Why the cost of living has skyrocketed for young Canadians

All those folk struggling to make ends meet on 6 figure salaries will start crying that they are in poverty with this alarming inflation, surely. More stimmie checks needed.

Inflation looks bad now, but it’s pretty much sticking to the script

I'm not sure about Ro. Would it not depend on circumstances? Put one infected person into a room of 100 vaccinated people, let them mingle for a day. No social introverts allowed. A Ro of 1 means that how many people will be infected if all tested a ...

Delta Variant Threatens to Destroy Another European Summer

Paycheck to paycheck is not defined. "Living paycheck to paycheck reflects economic needs and wants just as much, if not more than, incomes or wealth levels" means what? Struggling on $100,000 a year...spare me. I bet that if that were doubled ...

70% of millennials are living paycheck to paycheck, more than any other generation

The Queen's representative {what a President might be in a republic} sacked the Australian government in 1975 when the government had about one day of money left. Caretaker government took over and money supply was secured, albeit modified. All was ...

Yellen pleads with Congress to raise debt ceiling, avoid 'unthinkable' default

Hey, have a look a commodity index. There are a few. The one I look at made a bottom in about April. Last year - 2020. Some excuses are mentioned, yeah, maybe. I wonder what part Donald Trump had to play in this.

Surging Producer Price Inflation Reflects Supply-Chain Pressures

They must be so bored at the Fed. I know I would be. I'd find another job where I could actually do something.

Bostic: Has Moved Forward Expectation of First Rate Hike to Late 2022

Perhaps they can sell Washington DC. That'd be a good start.

Timeline: 150 Years of U.S. National Debt

All inflation is real and all normal people have to pay for it. Elites (like Powell, Yellen etc) may be exceptions to this rule, as they are above the status of normal people, approaching deity. Normal people to them are just navel lint.

Powell: Fed Will Wait for Actual Inflation as Trigger for a Rate Rise

Tremendous question. There is the expected price adjustments due to stuff-ups by stopping the physical economy for reasons of control during the Covid scare. Whole new cars not being made coz they are missing a chip, etc. Being a pompous Elite, he ...

Powell: Fed Will Wait for Actual Inflation as Trigger for a Rate Rise

The late great Paul Volcker would have cringed at such dumb utterances.

Fed's Powell: When the economy is healthier, we will focus on reducing government borrowing

So, the Fed controls inflation, eh? Interesting psychology. Those unfamiliar with such pompous declarations of supreme power may wish to acquaint themselves with the story of how King Canute proved to his subjects that he could not control the ...

Federal Reserve Builds Lego Town to Explain Inflation

The Fed is already doing all it can within its powers to root the economy. When it stops, there will be negligible man-made CO2 emissions from factories and manufacturing.

Climate risk and the Fed: Preparing for an uncertain certainty

Are you commenting on the right page? In the last paragraph are the words "Inflation is likely to get out of control and money will probably need to be reanchored one way or another."

Central Banks See No Way out of the Low Interest Rate Trap

Oh, I see it now, something I had missed previously - "As Transitory Supply Effects Abate, Inflation Expected To Drop Back Toward 2%" He is attributing inflation primarily to cost-push effects from transitory supply chain disruptions. Of course ...

Powell: Fed Will Do Everything We Can To Support Economy For As Long As It Takes To Complete...

Its a ratio. Double the denominator (nominal GDP) and that is ratio halved. How? Well may you ask.

Timeline: 150 Years of U.S. National Debt

I dunno, its not clear to me. Cost push inflation is very well defined, and I can't recall Powell talking about this aspect. Maybe I blinked. Or, maybe its coz they all talk so much tosh that the colours get mixed up like paint does. What is clear ...

How Long is Transitory?

Yeah. That inverse yield curve happening again? Slowly but surely.

U.S. 30-Year Yield Drops Below 2% For First Time Since February