“Extraordinary” — US Consumer Prices Soar At Fastest In Over 40 Years
By Tyler Durden Having warned the world to expect “extraordinarily elevated” levels of inflation due to “Putin’s Price Hike,” the White House is likely in…
Tyler Durden
Nine Million Americans Priced Out Of Housing Market As Affordability Crisis Worsens
By Tyler Durden The National Association of Realtors (NAR) estimates millions of Americans have been priced out of the housing market since January as sky-rocketing…
Baby Formula Shortage Hits Walgreens As Rationing Begins
By Tyler Durden Infant formula is in short supply as US retailers begin rationing. A combination of COVID-19-related snarled supply chains and a major baby…
Shocking Consumer Credit Numbers: Credit Card Debt Soars With Savings Long Gone
By Tyler Durden While it is traditionally viewed as a B-grade indicator, the February consumer credit report from the Federal Reserve was an absolute stunner…
Price Controls Will Likely Make A Comeback — Even Though They Don’t Work
By Tyler Durden As anybody who lived through the oil crisis of the 1970s (and the stagflation that resulted) will likely tell you, using price…
German Retailers To Increase Food Prices By 20-50% On Monday
By Tyler Durden Just days after Germany reported the highest inflation in generation (with February headline CPI soaring at a 7.6% annual pace and blowing…
Biggest Housing Affordability Shock In History Incoming
By Tyler Durden 30-year fixed mortgage rates have jumped 160bp this year, reaching the highest since November 2018, with the latest Freddie Mac data showing…
Germany Scrambles To Ration Gas After Refusing To Make Payments In Rubles
By Tyler Durden Update (1140ET): It looks like Moscow is making headway with its demands that “hostile states” (aka its European customers) start paying for…
Consumers Ditch Brand Names For Generic Food As Inflation, Shortages Hit Supermarkets
By Tyler Durden U.S. consumers’ loyalty to brand names at supermarkets is quickly evolving as they try new grocery products amid snarled supply chains and…
Top Biden Economist Says Farmers To Increase Crop Production On “Price Signals” To Avert Food Shortage
By Tyler Durden The White House’s chief economist told reporters at a daily press briefing on Monday that American farmers will respond to “price signals”…
Dumbphone Sales Are Soaring As People Revolt Against “Overwhelming” Smartphones
By Tyler Durden In a time when various “developed world” intelligence agencies are filling up petabytes of hard disk space with domestic phone recordings and…
“It’s Been Difficult” — Small US Trucking Fleets Squeezed By Skyrocketing Diesel Prices
By Tyler Durden Russia’s invasion of Ukraine, disrupting commodity markets, and the worsening diesel shortage are wreaking havoc on small trucking companies pressured by soaring petroleum prices….
BlackRock’s Fink Says Invasion of Ukraine “Accelerates” ESG and Digital Currencies Shift
By Tyler Durden BlackRock CEO Larry Fink’s annual letter to shareholders has become heavily scrutinized as ones from Berkshire Hathaway chief Warren Buffett and JP…
“Gas Stations Will Run Dry”: Catastrophic Scenario For Diesel Emerging According To World’s Biggest Energy Traders
By Tyler Durden While the world has been obsessively focused on crude oil and gasoline in recent weeks, we instead alerted readers to a far…