Senator Manchin Hammers on Powell to Back Off Money Printing, as Biggest “Inflation Momentum in 30 Years” Might Derail Democrats’ Spending Priorities by Wolf Richter • Aug 5, 2021 • 274 Comments Giving political cover to the Fed to tamp down on inflation. Which fits neatly into my theory.
Dollar’s Purchasing Power Gets Zapped. It’s Permanent by Wolf Richter • Aug 4, 2021 • 176 Comments This combo of massive QE, repressed interest rates, huge government stimulus with borrowed money, and raging inflation is new in recent history.
THE WOLF STREET REPORT: Dollar’s Purchasing Power Gets Zapped. It’s Permanent by Wolf Richter • Aug 1, 2021 • 183 Comments This combo of massive QE, repressed interest rates, huge government stimulus with borrowed money, and raging inflation is new in recent history.
People Made Heroic Efforts to Spend. Inflation Ate Their Lunch by Wolf Richter • Jul 30, 2021 • 255 Comments The big shift from durable goods to services is underway.
Fed’s Lowest Lowball Inflation Measure “Core PCE” Spikes Further. Highest 3-Month Rate since 1982 by Wolf Richter • Jul 30, 2021 • 146 Comments “Way above target”: Fed Chair Jerome Powell.
Socked by 6.4% Inflation, Record Trade Deficit, Inventory Shortages, and Drop in Government Spending, “Real” GDP Jumps Disappointingly by Wolf Richter • Jul 29, 2021 • 182 Comments Inflation ate my homework: All this stimulus, so little to show for.
Bond Market Has Been Clueless about Inflation for Decades, Now More so Than Ever. The Meme the Drop in Yields = End of Inflation is a Fantasy by Wolf Richter • Jul 24, 2021 • 226 Comments Even before QE, the 10-year yield lagged years behind CPI, up and down. And now, the Fed manipulates the market with QE.
While Fed Blows Off Inflation, Hawkish Bank of Russia Shocks & Awes with Rate Hikes, Sees “Persistent” & “Prolonged” Inflation by Wolf Richter • Jul 23, 2021 • 197 Comments But the US and Russia have similar red-hot inflation rates.
“No Resistance” to Price Increases by Wolf Richter • Jul 20, 2021 • 304 Comments The Restaurant Industry Reacts to a Messed-Up Economy Plagued by Shortages & Transportation Snags.
Normally Astute American Car Buyers Just Pay Whatever: AutoNation, Largest Auto Dealer in the US by Wolf Richter • Jul 19, 2021 • 180 Comments The explosion of per-vehicle gross profit shows why buying a car or truck now is nuts. But lots of people did though they didn’t need to: inflationary.
