venezuela-carrots

These Images Show How Inflation Has Made Basic, Everyday Products In Venezuela Ridiculously Expensive

The Venezuelan government calls the country’s minimum wage of Bs 4,252 per month the highest in the region. This converts to $675 per month, using the official exchange rate. But the black market rate — the real price you’ll pay — is Bs 100 to $1. Read More at Business Insider

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Middle class Squeeze

“Three Lost Decades” – How the American Middle Class is 20% Poorer Now vs. 1984

    Like so many other things in popular American culture, this quaint notion of a “middle class” in the U.S. is at this point nothing more than a myth; a rapidly fading fantasy from a bygone era. As myself and many others have noted for quite some time, the decimation of the middle class began…

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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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Student loan Delinquencies 2

Student Loans Soar To Record $1.111 Trillion, Up 12% In Past Year

We have covered the topic of the student loan bubble extensively in the past so we won’t waste more digital ink on where it comes from or what it means for the troubled US consumer, suffice to report that according to the Fed, in Q1 total Federal student loans rose by another $31 billion to a…

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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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Food Insecurity

Epidemic Of Hunger: New Report Says 49 Million Americans Are Dealing With Food Insecurity

If the economy really is “getting better”, then why are nearly 50 million Americans dealing with food insecurity? In 1854, Henry David Thoreau observed that “the mass of men lead lives of quiet desperation”. The same could be said of our time. In America today, most people are quietly scratching and clawing their way from…

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Food Inflation

Soaring Food Inflation Full Frontal: Beef, Pork And Shrimp Prices Soar To Record Highs

  We previously noted that both beef and pork (courtesy of the affectionately named Porcine Epidemic Diarrhea virus) prices have been reaching new all time highs on an almost daily basis. It is time to update the chart. Below we show what a world in which the Fed is constantly lamenting the lack of inflation looks like for beef…

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