But companies were finally able to rebuild some woefully low inventories.
“Not seasonally adjusted” retail sales spiked to a record. “Seasonally adjusted” retail sales fell. Both: +16.9% from year ago. What the heck is going on?
The Fed finally sees it too.
Billionaires got more billions, bottom half of Americans got peanuts and inflation.
Thank you, hallelujah, for the extra money, finally. But where did it go?
That’s the big question. Looking for signs of widespread push-back but not finding much. Consumers pay whatever.
A look at per-worker personal income, what’s left of it after inflation.
Home-price explosion pumps up mortgage debt.
But still up 4.9% from a year ago – outside of the prior quarter, the hottest year-over-year growth in 20 years.
Profit fell despite price increases, more price increases coming to a shelf near you. “We do not anticipate any easing of costs.”