Foodflation

Infographic: Foodflation – Since QE3, Breakfast Is Up Over 24%

Having pointed out the ‘surges’ in the cost of your 4th of July burger at the behest of Greenspan and Bernanke, we thought a reflection on the soaring costs of ‘the most important meal of the day’ were in order. As the following chart illustrates in words and pictures even a PhD Fed economist or CNBC…

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Time-Bomb-Image

Ron Paul: The Ukraine Fuse Has Been Lit (Podcast)

Another separatist victory at the ballot box in East Ukraine.  At the same time warlike members of the Senate are calling for U.S. military exercises in 10 countries around Russia.  And they have even introduced legislation calling for the U.S. to spend $10 billion meddling in the internal politics of Russia.  On The Weekly Podcast,…

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Real Wages

No Raises For Anyone: Real Hourly Wages Decline For The First Time Since 2012

In order to justify the US “recovery”, one of the recurring themes has been that wages of US workers are going up…. any minute now. And since any minute now has been the common refrain for about five years now, some are getting skeptical. Not us: we have known since 2009 that the Fed’s “plan” of making billionaires…

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for-rent

Rents Soar To Record High As Homeownership Rate Plunges To 19 Year Low

Each quarter, when we perform our regular update on trends in US homeownership and rents using Census Bureau data, we say that “The American Homeownership Dream is officially dead. Long live the New Normal American Dream: Renting.” One thing we added in 2013 is that the American Dream has now officially became a full-blown nightmare after mortgage…

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STOP TAPER TIME

Fed Tapers $10 Billion, Says Economy, Consumer Demand “Picked Up”

Despite dismal data (or the potential for great escape velocity is around the corner data), major event risks, and a Treasury market that just won’t buy the dream of recovery that they are selling; the Fed stuck to its tapering guns… with a consensus $10bn taper… *FED TAPERS BOND BUYING TO $45 BLN MONTHLY PACE…

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George Washington $ Collapse

What About The Dollar? Russia, Iran Announce $20 Billion Oil-For-Goods Deal

  Spot what is missing in the just blasted headline from Bloomberg: IRAN, RUSSIA SAID TO SEAL $20B OIL-FOR-GOODS DEAL: REUTERS If you said the complete absence of US Dollars anywhere in the funds flow you are correct. Which is precisely what we have been warning would happen the more the West and/or JPMorgan pushed…

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Chinese Domino

The dominoes begin to fall in China

Forget tapering. Forget Ukraine. The largest single risk to the world economy and financial markets right now is China. What’s going on in China reminds me a lot of what I witnessed firsthand when I lived in South Korea in the 1990s, before that economy’s crash in 1998. Just as China now, South Korea was…

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CPI YoY

Inflation Misses By Most In 6 Months; Core CPI Drops To 10 Year Low

As long you don’t eat, sleep under a roof, or use energy, things are positive for you as Core CPI dropped to its lowest in 10 years. Overall CPI dropped to 1.1% YoY – missing Bloomberg’s estimate by the most since August. Thanks to the drought in California, food prices jumped; but energy costs overall…

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Preparing for Economic Collapse

Foreigners Sell A Record Amount Of Treasurys Held By The Fed In Past Week

  A month ago we reported that according to much delayed TIC data, China had just dumped the second-largest amount of US Treasurys in history. The problem, of course, with this data is that it is stale and very backward looking. For a much better, and up to date, indicator of what foreigners are doing with US…

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Russian Power

5 Ways Russia’s Ukraine ‘Boomerang’ Could Strike

Last week I noted four lessons Asia watchers should ponder in light of the events unfolding in Ukraine. As there has been no letup and various pundits warn of a new Cold War it seems timely to consider what actions Russia could take against the United States if tensions were to spiral out of control. Clearly Vladimir Putin has a…

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