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Inflation

Retail Sales Falling in the US – a Softer Tone

Retail sales in the US fell short of expectations this month, according to data compiled by the Commerce Department. Retail spending decreased 0.6% from April to...

Powell Pessimistic After Q1

Powell reiterated this week that he does not see any short-term need to lower interest rates. The Fed remains delicate in its speech to the public. They knew that...

American Households Hold Record Debt Q1 2024

The New York Federal Reserve reported that American households set a new record after plummeting into $17.69 trillion of debt, a 1.1% ($184 billion) increase from...

Why We Cannot Reach the Fed’s 2% Inflation Target

The Consumer Price Index (CPI) released on April 10 by the US Bureau of Labor Statistics reported that inflation rose by 0.4% on a monthly basis and by 3.5% on the...

Strong Jobs Report Does Not Mean Strong Economy

One thing that analysts fail to explain is that Americans have begun working multiple jobs since the COVID pandemic that wrecked the global economy. Nonfarm...

PRIVATE BLOG – Inflation – Interest Rates – War

PRIVATE BLOG – Inflation – Interest Rates – War Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to...

Smart Cars Reporting to Govt – Insurance Rates up 26% YoY

Car insurance rates in the US have spiked by around 26% overall in the past year. The government has been pushing for everyone to go electric and trade, spending...

Inflation Dropped in Canada – So Why is the Cost of Living Unaffordable?

Statistics Canada reported that inflation slowed in January to 2.9%, beating expectations of 3.3%. So why are Canadians still struggling to afford basic necessities...

$50 Minimum Wage?

Lawmakers should be required by law to pass a financial literacy test before taking office. California has repeatedly raised the minimum wage as the cost of living...

Fast Food Restaurants Abandon Value Customers

Fast food establishments originated as the cheap, quick alternative to a proper meal. Value customers earning under $45,000 annually were the target demographic...