The lowball core PCE measure of inflation rose by 3.62% compared to a year ago, the hottest inflation reading since May 1991 while the PCE price index with food and energy included jumped by 0.4% for the month (4.8% annualized), and by 4.3% from a year ago. This is the hottest PCE inflation reading since January 1991.
Read More »How Will the Debt Ceiling Farce of 2021 End?
OK, folks, let’s get some popcorn and watch “The Debt Ceiling Farce 2021” as it unfolds! Everyone knows how this will end. Since 1960, the farce played 78 times. Each time, after everyone got through extorting concessions from the other side, Congress either raised the debt ceiling, extended it, suspended it, or changed the definition of “debt.” That’s how it ends.
Read More »Top Myths Regarding the U.S. Debt Ceiling Crisis (+3K Views)
The debate in Washington over when and how to increase the debt limit is less than 100% accurate. Here are some myths about the debt ceiling and the debate about raising it.
Read More »U.S. House Prices Have Spiked 19.7% On Average Y-o-Y; +32.4% In One Metro Area
According to the National Case-Shiller Home Price Index, house prices have spiked 19.7% on average in the U.S. from a year ago, the biggest year-over-year increase in the data going back to 1987. The national index of this raging mania doesn’t do justice, however, to certain individual metropolitan areas where price spikes reached up to 32%. Here are the details of those metropolitan areas.
Read More »Elevated Inflation May Remain Longer Than Central Banks Let On
The Organization for Economic Co-operation and Development (OECD) released its 2021 summer outlook which suggests that elevated levels of inflation may stick around longer than central banks have let on.
Read More »GDP per Capita by Country Worldwide
GDP per capita is one of the best measures of a country’s wealth as it provides an understanding of how each country’s citizens live on average, showing a representation of the quantity of goods and services created per person. This article identifies the GDP per capita (nominal) of nearly every country and territory in the world.
Read More »The State of Household Debt in America
Debt has risen on all fronts to unprecedented levels...and now accounts for $52 trillion in the USA of which American household indebtedness amounted to an average of $118,000 per household in 2020. That’s a big bill to pay. Here’s how the various forms of U.S. household debt compare...
Read More »Which Is the World’s “Safest” Major Currency? You’ll Be Surprised (+126K Views)
Many believe that the American Dollar and the British Pound hold the highest monetary value among world currencies. While these are very strong and popular currencies, neither is the strongest in the world.
Read More »What Is the Ultimate Inflation Hedge?
Investors who want to maintain the purchasing power of their portfolio AND their standard of living through inflationary periods will find this article to be not only fascinating, but possibly provocative.
Read More »What Would USD Collapse Mean for the World? (+25K Views)
I came to the conclusion several years ago that it was just a matter of time before the world realized that the relative functionality of the U.S. dollar was about to go belly up - to collapse. Below is an explanation as to why I have come to that conclusion and what I think it would mean for the well-being of the world.
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