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Economy

“Real Wages Are Plummeting As US Recovery Remains Weak”

“EDITOR’S NOTE: If employers paid their workers produce or livestock instead of promissory notes (that’s what fiat money is), then workers would immediately notice if the quality of the produce or livestock is dwindling. The food wouldn’t taste right, and the… Continue Reading…

Economy

“Retail sales dropped 1.9% in December as higher prices caused consumers to curb spending”

“…The advance monthly sales report to close out the year showed a decline of 1.9%, considerably worse than the Dow Jones estimate for just a 0.1% drop. Excluding autos, sales fell 2.3%, a number that also fell well short of… Continue Reading…

Economy

“Inflation rises 7% over the past year, highest since 1982”

“…The consumer price index, a gauge that measures costs across dozens of items, increased 7%, according to the department’s Bureau of Labor Statistics. On a monthly basis, CPI increased 0.5%. Economists surveyed by Dow Jones had been expecting the measure to… Continue Reading…

Business, Economy

“Domino’s Pizza forecasts soaring food costs in 2022, reiterates long-term sales outlook”

“Domino’s Pizza said it expects higher food prices to persist this year, putting pressure on the chain to cope with rising costs without alienating consumers. “We expect unprecedented increases in our food basket costs versus 2021,” CEO Ritch Allison told attendees… Continue Reading…

Economy

“A record 4.5 million Americans quit their jobs in November”

“A record 4.5 million Americans voluntarily left their jobs in November, according to the Bureau of Labor Statistics.This pushed the quits rate to 3%, matching the high from September.Workers particularly quit their jobs in the hospitality industry, which had by far… Continue Reading…

Economy

“Used Car Prices Are Rising… FAST!”

“EDITOR’S NOTE: The asset in your portfolio that is rising the fastest these days will likely shock you. It’s probably not your stocks or even your Bitcoin. CNBC reports it’s your used car. Jim Bianco, the President of Bianco Research,… Continue Reading…

Economy

“How to walk out of the grocery store with a smaller bill”

“1. Plan ahead… 2. Compare costs… 3. Stock up on staples… 4. Pick wisely…” https://www.cnbc.com/2021/12/31/4-ways-to-lower-your-grocery-bill-as-food-prices-soar-.html For this article I skipped all the filler and just highlighted the main points. The most effective way to lower your food cost was not… Continue Reading…

Economy

“U.S. goods trade deficit hits a record in November”

“The U.S. trade deficit in goods mushroomed to a record in November as imports surged and exports slipped. The goods trade deficit widened last month by 17.5% to $97.8 billion from $83.2 billion in October, the Commerce Department said on… Continue Reading…

Investing, Precious Metals

“Big Money Is Eyeing Metals Over Oil As Mining Assets Soar”

“…The energy transition is driving the next commodity supercycle, with immense prospects for technology manufacturers, energy traders and investors. Indeed, new energy research provider BloombergNEF estimates that the global transition will require ~$173 trillion in energy supply and infrastructure investment over the… Continue Reading…

Economy

“Europe Faces Full Blown Energy Crisis As Gas Prices Smash All Records”

“Europe’s energy crisis got even worse on Tuesday as a shortage of natural gas, nuclear outages, declining wind power output, and cold weather boosted prices. The gas price at the Dutch TTF hub, the benchmark gas price for Europe, soared… Continue Reading…