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Why Consumer Price Inflation Is Here To Stay

Jerome Powell might be done as a useful Federal Reserve Chairman.  Not that Fed Chairs provide a use that’s of any real value.  They mainly excel at destroying the wealth of wage earners and savers for the benefit of member banks. But as Powell loses a grip on price inflation the business of supplying credit at a fixed rate of return becomes less fruitful.  Consumer price inflation, as measured by the consumer price index (CPI), is rising at an annual rate of 4.2 percent.  That’s well ...
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Rabo: Both The US And China Want A Reflationary Weaker Currency AND Lower Commodity Prices

by Tyler Durden By Michael Every of Rabobank Three Babies and The Man Yesterday saw the Chinese Politburo --‘The Man’, as they used to call state authority in the US-- deciding it is now okay for Chinese families to have three babies, not two. So it was a case of “ Three Babies and ‘The Man’”. However, this hardly made the media splash the shift from one to two children did in 2015 – and understandably so. This latest step underlines the message in the PBOC’s recent working pap...
Arlington National Cemetery Michael Every Chinese Politburo Midwife Crisis Nord Stream Memorial Day

Bezos Buys Bond - Amazon Acquires MGM For $8.45 Billion

by Tyler Durden Wednesday, May 26, 2021 - 08:43 AM Confirming earlier leaked details, Amazon has agreed to buy the nearly century-old Metro-Goldwyn-Mayer movie studio for $8.45 billion, according to a statement. “MGM has nearly a century of filmmaking history and complements the work of Amazon Studios, which has primarily focused on producing TV show programming” Bezos, Jeff Bezos. Full Press Release: Amazon (NASDAQ: AMZN) and MGM today announced that they have entered into a definitive m...
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