The Pittsburgh National Bank has once again crunched the price of a “twelve days of Christmas” gift list for your true love. PNC found that the cost of five gold rings is up 39% from 2021. At least with all those French hens and geese a-laying, you might be able to offset the cost of eggs! Housing, fuel, and… Read More Golden geese a-laying
Turkey is feeling the pinch of inflation, with the lira losing almost 50% of its value last year. President Erdogan tinkered with things and it helped briefly, but prices are rising. A government move to make bread more affordable has backfired, and a state-run energy agency has raised its prices by 125% according to Daily Wire. After cracking down on cryptocurrency, President Erdogan’s… Read More Trouble in Turkey
Word on the street is that inflation is no longer “transitory” but likely to be “persistent” according to financial experts. The US Federal Reserve is aiming to wean the economy off its injections of cash by speeding up the “tapering” of bond buying. Fox News is reporting that interest rates are likely to rise a few times in the next couple… Read More Persistent, not transitory
New record inflation is giving pause to the Democrats’ plan to spend lots of money. Not the Bee noticed that Twitter was doing its darndest to distract from reality, but the toothpaste is out of the tube. When Leftist media start reporting that inflation hurts people and is racist, you know the tide has turned! President Biden has withdrawn Saule Omarova as his pick for a Treasury… Read More Do try to keep up
Twitter founder, Jack Dorsey has tweeted out a rosy prediction that “hyperinflation” is coming. ZeroHedge seems to agree, noting jitters in money markets. They report that the Reserve Bank of Australia shocked traders after refusing to buy a two-year bond. US Treasury Secretary Janet Yellen conceded that inflation will continue for a while, but should level out around the middle of… Read More In God we trust
Inflation continues to rise, hitting a 13-year high last week. One of the main blows to folks’ budgets is the cost of fuel. After shutting down US production of fossil fuels to boost climate credentials, the government is now hoping foreign oil producers will help them out. But that might be harder said than done, as China has… Read More Got 99 problems and they’re all high class
Job creation numbers were much lower than expected this August with only 230,000 positions added. Quite a bit less than the predicted 720,000. Yet other news reports suggest there is a labor shortage, not a job shortage. McDonalds in Oregon is hiring 14 and 15 year olds. Amazon has said it will drop the marijuana screening requirement in order to recruit… Read More Wide open market
The value of Bitcoin surged after rumors circulated that Amazon was considering accepting purchases in the cryptocurrency. After Amazon said they weren’t planning such a change in the near future, Bitcoin dropped, but is expected to recover soon. A crypto expert has tweeted that the infrastructure bill being considered by Congress could “sink the American crypto industry.” It could… Read More Payin’ the bills
