Eurozone inflation hit a new record high of 5 percent in December 2021, raising more questions about the competency of the European Central Bank’s (ECB) monetary policy, which claimed that inflation was transitory. Inflation rose unexpectedly last month, making things more uncomfortable for the ECB authorities, who have consistently underestimated price pressures and the heavy…
European Central Bank Policymakers Surprised With Inflation High of 5 Percent in December
The Macro Swamps Turn to Quicksand?
Commentary The toxic combination of the COVID-19 pandemic and quantitative easing by the Federal Reserve has created one of the more treacherous macro environments in history. When COVID closed the economy last year, it provoked an unprecedented orgy of fabricating money out of thin air. More than $3 trillion was created in 2020 alone. Almost…
Biden Doubles Down on BBB After Friday’s CPI Report Shows Annual Inflation Increase at 39-Year High
December 11, 2021
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The Biden administration is seeking to reassure Americans regarding rising inflation, after the Labor Department’s Consumer Price Index (CPI) report showed prices rising at their fastest annual pace in nearly 40 years. The White House is facing criticism after the report showed that consumer prices rose 6.8 percent in the year through November, the sharpest…
Inflation in Australia up 3 Percent on the Back of Fuel and Housing Price Rises
October 27, 2021
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The Australian Bureau of Statistics (ABS) revealed that the consumer price index (CPI) rose 0.8 percent in the September quarter, in line with economists’ expectations, and 3 percent annually. The quarterly increase was driven by the rising fuel costs (7.1 percent) and housing construction (3.3 percent). “Construction input costs such as timber increased due to…
Inflation, a Brake on the Recovery
Commentary Last week, Ned Davis Research published a note titled “Turns out growth looks like it was transitory—inflation more sticky.” There are many factors that show us that consumers and salaries are being eaten away by inflation, leading to an abrupt halt in the recovery. Autos and new home sales plunged, real disposable personal income…
Canada Inflation Hits 18-Year-High With Election Just Days Away
September 16, 2021
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Business & EconomyCanadaEconomieselectioninflation rateMarket WatchPrime Minister Justin TrudeauWorld
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OTTAWA—Canada’s annual inflation rate accelerated to an 18-year-high in August, driven by broad upward price pressures, data showed on Wednesday, just days before a hotly contested federal election that could see Prime Minister Justin Trudeau’s Liberals ousted. The rate rose to 4.1 percent in August, its fastest clip since March 2003, Statistics Canada said, beating…
Congresswoman Nancy Mace: ‘Inflation Is Taxation’
Freshman Rep. Nancy Mace (R-N.C.) said Monday that although President Joe Biden and the Democrats have said they will not raise taxes on low- and middle-income earners, out-of-control spending by the federal government is causing inflation and is a form of taxation. “Inflation is taxation. And you saw the Feds last year. They printed $4…
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