Tag: inflation

  • Core Inflation Rose 6.3% in August

    Core Inflation Rose 6.3% in August

    While the Consumer-Price Index rose 8.3% in August and is down from the peak of 9.1% in June the Core Consumer-Price Index increased to 6.3% in August from 5.9% in June and July. The Core CPI excludes volatile goods like food and gasoline. This could mean things are actually getting worse economically and the higher […]

  • Now is the time to buy not sell

    Now is the time to buy not sell

    Inflation, record gas prices, record food prices, falling markets, and political turmoil. In the short term this all looks bad. But what is your reason for investing? Are you investing for the quick buck? If so, you’ll be tearing your hair out as you watch thousands, perhaps tens or hundreds of thousands, evaporate from your […]

  • My dividend stocks are out performing the market today

    My dividend stocks are out performing the market today

    The inflation numbers came out today and the stock market started dropping like a rock. All the indexes are down over 2% with the Nasdaq getting clobbered at 3.27% as of this writing. My three portfolios are down today as well but not nearly to the same extreme as the rest of the stock market. […]

  • GDP revised down to -1.5%

    GDP revised down to -1.5%

    Equity index futures were higher before first quarter gross domestic product (GDP) revisions were released. The GDP revision was expected to come in at -1.3% from the earlier -1.4%, but actually ended up being worse at -1.5%. The revision also revealed higher-than-expected inflation growth at 8.1% instead of the forecasted 8%. Equity futures trimmed their […]

  • Chief global economist for Bank of America sees 7 interest rate hikes in 2022

    Chief global economist for Bank of America sees 7 interest rate hikes in 2022

    Somehow, I doubt anyone is reading the tea leaves correctly. I certainly don’t know what the answer is but one guy predicting 7, others predicting 4, and the nation’s central bank is talking about 3 interest rate hikes in 2022. I’ll split the difference here and predict 5 although I bet you for some reason […]

  • 7% inflation… Oh My!

    7% inflation… Oh My!

    Inflation at 7% in December, Some large billion dollar companies down 20% off their highs, U.S. truckers may not be allowed into Canada dominated and much much more!

  • Inflation hits 7% in December 2020

    Inflation hits 7% in December 2020

    U.S. inflation hit its fastest pace in nearly four decades last year as pandemic-related supply and demand imbalances, along with stimulus intended to shore up the economy, pushed prices up at a 7% annual rate. The Labor Department said Wednesday the consumer-price index—which measures what consumers pay for goods and services—rose 7% in December from the […]

  • Economic confusion for 2022

    Economic confusion for 2022

    Microsoft losing talent, Walgreens is booming, AT&T exceeds expectations, some confusing economic numbers, and much much more!

  • Coal in our stockings?

    Coal in our stockings?

    Market opens down over 1.5%, Senator Manchin tears down BBB, inflation in Reading PA., world on the verge of a Nutella shortage, and much much more!

  • Systemic Inflation

    Systemic Inflation

    COVID-19 policies creating systemic inflation, 100 year old trucking company folds, tax loss harvesting, and much more!