What P&G Said about Soaring Costs, Supply Chain Woes, Inflation, and Trying to Keep Shelves Stocked by Wolf Richter • Oct 19, 2021 • 143 Comments Profit fell despite price increases, more price increases coming to a shelf near you. “We do not anticipate any easing of costs.”
Free-Money-Blow-Off Spike in Retail Sales Got Refueled by Spiking Prices by Wolf Richter • Oct 15, 2021 • 100 Comments A monstrously overstimulated economy that caused global supply chains and transportation systems to buckle.
Dollar’s Purchasing Power Plunges Further, as Housing CPI Begins to Climb, Food & Energy Soar, New Vehicle Prices Spike by Wolf Richter • Oct 13, 2021 • 195 Comments CPI inflation highest since 2008 and 1991.
Social Security COLA for 2022 Biggest since 1982, But Still Won’t Cover Actual Cost of Living Increases for Many Retirees by Wolf Richter • Oct 13, 2021 • 87 Comments For retirees, 2021 was a nasty year: Red hot inflation and a stingy COLA. In 2022, they might fall behind more slowly.
What the Record Spike in “Quits” Says about the Job Market, Inflation, and How Labor Gained Pricing Power by Wolf Richter • Oct 12, 2021 • 120 Comments One more reason “transitory” and “temporary” have become a silly joke. Even the Fed is backing off promoting it.
Inflation Expectations Come Unanchored: People Expect Red-Hot Price Increases to Eat Wage Gains plus their Lunch & Dinner by Wolf Richter • Oct 12, 2021 • 202 Comments The Fed is going to have a heck of a time calling inflation expectations “well anchored.”
My Thoughts on the Biggest Mess in Decades: New & Used Autos, Chip Shortages, Inflation, and the Nasty Possibility of Stagflation by Wolf Richter • Oct 9, 2021 • 130 Comments Discussing mind-boggling distortions and some of the craziest market conditions.
Incomes Got Chewed Up by Inflation. Americans Spent Heroically on Goods, But Not on Services. Eviction Moratoriums & Forbearance Implicated by Wolf Richter • Oct 1, 2021 • 144 Comments Millions of people didn’t spend on two big services: rent & interest. How spending got skewed in bizarre ways.
Fed’s Lowest Lowball Inflation Measure Hits 30-Year High by Wolf Richter • Oct 1, 2021 • 118 Comments “Transitory” is the new Spandex.
“Transitory” is the New Spandex: Powell Admits it, Still Denies its Cause. Why this Inflation Won’t Go Away on its Own by Wolf Richter • Sep 29, 2021 • 206 Comments Blames tangled-up supply chains but not what’s causing supply chains to get tangled up: The most grotesquely overstimulated economy ever.
