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Estimated Reading Time: 2 minutes
And companies have been reporting that they’re able to pass on those surging costs. So here we go with inflation. Inflation that producers are experiencing is now blowing out. The surging input costs and the ability to pass on those higher input costs that have been reported by company executives as part of the services PMIs [Purchase […]
Estimated Reading Time: 2 minutes
Dollar’s Purchasing Power Swoons, but CPI ignores house price inflation. House prices rose by 11.2% from a year ago, the biggest increase since the peak of Housing Bubble 1 in 2006, according to today’s National Case-Shiller Home Price Index for January. The index is a good measure of “house-price inflation” because it’s based on the “sales pairs” […]
Estimated Reading Time: 2 minutes
Everything is on ice. But when forbearance ends, forced sellers or lenders will put millions of these homes on the market. On the other side of the red-hot housing market, a historic delinquency problem has been fermenting since last spring, largely put on ice and on hold by forbearance programs, waiting to be dealt with. […]
Estimated Reading Time: 2 minutes
So now we have another gutting, this time at the HuffPost, and omertà reigns. This kind of thing – news publications with lots of traffic gutting their staff because they’ve been losing tons of money – has been happening for years, and these publishers and the media outlets that report on it are under some […]
Estimated Reading Time: 2 minutes
Editor’s Note: Many argue that current stock market action is discounting a huge post-pandemic surge in spending. This report casts doubt on this assumption. Free money whipped consumers into a rollicking eight-month splurge on goods. There’s nothing “pent up.” And services are not a shoo-in for “pent-up demand.” Give Americans some free money, and tell […]
Estimated Reading Time: 2 minutes
Spiking prices for new and used vehicles under the microscope. The “Purchasing Power of the Consumer Dollar” – part of the Bureau of Labor Statistics’ Consumer Price Index data released today – is the politically incorrect mirror image of inflation in consumer prices, as measured by the Consumer Price Index (CPI). By wanting to increase consumer […]
Estimated Reading Time: < 1 minute
There is still the theme that some of it is just temporary. Big parts of the services sector – such as restaurants, entertainment, lodging, and travel – have been hit hard during this crisis. Other parts of the services industries – such as real estate, services related to eCommerce, transportation services, video games, streaming services, […]