Inflation & Devaluation

Crude Oil WTI Futures Go Bananas, Briefly Spike to $130: And this Is What’s Happening at my Gas Station

by Wolf Richter • Mar 6, 2022 • 265 Comments

Speculators are reacting to other speculators who are reacting to whatever.

Russia in Financial Crisis (Again), Ruble Collapses (Again), Central Bank Does Mother of All Rate Hikes (Again), US Stocks Shrug (Again)

by Wolf Richter • Feb 28, 2022 • 232 Comments

A financial crisis in Russia just doesn’t have the same effect on the US as a financial crisis brewed up in the US has.

Inflation Ate their Lunch, But Americans Made Heroic Efforts to Spend

by Wolf Richter • Feb 25, 2022 • 152 Comments

Personal Income and Spending under Red-Hot Inflation and Omicron.

Even the Fed’s Lowball Inflation Measure Goes WOOSH: Fodder for 50-Basis-Point Rate Hike in March

by Wolf Richter • Feb 25, 2022 • 220 Comments

The most reckless Fed ever is still just watching – and fueling – the consequences of 23 months of policy errors as the Inflation Monster gets bigger and bigger.

Buyers’ Strike Sets in: Used-Vehicle Supply Balloons, First Dip in Crazy Prices. But New-Vehicle Shortages Persist

by Wolf Richter • Feb 21, 2022 • 100 Comments

Will CPI inflation back off as used-vehicle prices unwind? Ha, here come the massive CPI measures for rent that are now soaring. Inflation Whac-A-Mole.