marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
consumer price index
02/10/2023
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By JD Heyes
Nearly half of all Americans doing worse under Biden according to major new survey
Joe Biden, like other Democratic presidents before him, has not implemented great economic policies and, coupled with massive Democratic spending his first two years in office, has dramatically harmed the average American worker’s financial situation. In fact, according to a major new survey, nearly half of all Americans say they are worse off thanks to […]
12/19/2022
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By Belle Carter
Used car prices drop 14.2% due to influx of new cars, higher borrowing costs
User car prices this year are down 14.2 percent compared to 2021, according to the Used Vehicle Value Index by the car auction company Manheim. This is the largest used car price dive ever based on the firm’s data. According to auto service organization Cox Automotive, the continued hike in borrowing rates and the influx […]
11/23/2022
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By Belle Carter
Japan’s central bank won’t hike interest rates amid highest inflation in 40 years
The Bank of Japan (BOJ) said it would not raise interest rates amid the Land of the Rising Sun’s 40-year-high inflation, insisting on an easy monetary policy. Reuters reported that the nationwide core consumer price index in Japan went up by 3.6 percent compared to a year earlier. It also marked the highest surge since […]
11/11/2022
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By Belle Carter
Used car prices DROP 10.6% year-over-year in October – the worst decline in nearly 14 years
The once soaring used car prices are now plunging, thanks to the Federal Reserve continuing to hike interest rates in a bid to battle inflation. As per the Manheim Used Vehicle Value Index, a gauge of wholesale market prices for used vehicles, the wholesale used-vehicle prices for October declined by about 10.6 percent on a year-over-year basis – the […]
11/01/2022
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By Mary Villareal
High inflation and cost of living taking a toll on health of many Americans, according to survey
Half of Americans are now saying that runaway inflation and high cost of living are taking a toll on their health. Millions are turning to drinking, eating junk food and smoking as worries over electricity and gas bills continue to mount. Consumer insights firm Toluna found that 50 percent of those surveyed felt their health suffered […]
10/07/2022
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By Mary Villareal
Americans now forced to dip into their SAVINGS to get by amid worsening inflation
The worsening inflation has forced Americans to dip into their savings to get by, a sign of a bad economy getting worse. Based on a recent survey, two-thirds of Americans now say they are using their saving for daily expenses. The poll came as prices of goods and services recorded the biggest annual increase since […]
10/04/2022
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By Belle Carter
Survey reveals 29% of Americans are withdrawing their savings to cover basic costs of living
A recent edition of Forbes Advisor-Ipsos Consumer Confidence Weekly Tracker revealed that 29 percent of U.S. consumers have been raiding their savings and not replenishing them as the U.S. economy continues its decline. The report found “a significant increase in the number of Americans who are withdrawing from their savings more than usual and investing or […]
07/19/2022
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By Mary Villareal
Wholesale inflation surges 11.3% year-over-year in June
Inflation hit hard at wholesale levels in June as producer prices surged by near-record amount from last year due to energy costs increase. According to the Bureau of Labor Statistics (BLS), the producer price index (PPI), which measures the prices received for final demand products, increased 11.3 percent – just short of the 11.6 percent record […]
07/15/2022
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By Mary Villareal
Consumer prices continue to soar as US battles worst inflation in 41 years
Consumer prices continue to soar as the U.S. battles with its worst inflation in 41 years. Meanwhile, wages have fallen for the 15th straight month. If this continues, Americans will see an economic collapse on the way. The Consumer Price Index (CPI) soared 9.1 percent year-over-year compared to the 8.8 percent and 8.6 percent in previous months. […]
06/24/2022
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By Belle Carter
Renowned economist predicts looming profit recession “will be the worst in 50 years”
Renowned economist Stephanie Pomboy has predicted that corporations will soon be beaten by an earning recession as many of them have not been able to pass high input costs to the inflation-tired public. In her recent appearance on the financial solutions program “Wealthion,” Pomboy explained that a measure that she relies on as a proxy for […]
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