Peter St Onge, Ph.D. @profstonge
Daily Videos on Economics and Freedom | Economist, former professor, ex-bartender | Articles, Videos, Podcast at https://t.co/FRKZ6XqFJ7 profstonge.com Join 16,000+ readers 👉 Joined June 2011-
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The numbers are now screaming stagflation, with GDP slowing to near-standstill and core PCE inflation doubling on the month. Forget Jerome's “Soft Landing,” the Fed's taking us all the way back to the 1970's. For now, cuts are off the table, putting pressure on everything from…
The numbers are now screaming stagflation, with GDP slowing to near-standstill and core PCE inflation doubling on the month. Forget Jerome's “Soft Landing,” the Fed's taking us all the way back to the 1970's. For now, cuts are off the table, putting pressure on everything from…
This is what happens when you give an addict $61 billion.
Good As Gold, The truth behind gold’s rise and how high its price will go. The latest article from @Fxhedgers fxhedgers.com/p/good-as-gold Subscribe, it's worth it.
It's official: Inflation is soaring while the economy grinds to a halt. As Business Insider put it, "The US economy may be barreling towards stagflation, an outcome worse than recession." Last time they screwed up this bad we got years of double-digit unemployment *and*…
Episode 54 of the Roundup Podcast is Live 🥳 - A Cool Trillion in Green Bailouts - Bankrupt Washington hands $95b to Other Countries - How Green Energy Guts Africa - Mises' "Six Lessons to Save the World" - The Mother of Bailouts: Government open.spotify.com/episode/1nEjmt…
Housing costs hit new record of $2,775 per month. That's almost double since the pandemic -- and the inflation. Housing costs are now nearly half of median family income -- for housing alone. As a result, it now takes $110,871 in annual income just to qualify for the median…
Every source country, from Mexico to China, mass deports illegals -- often with prison sentences on the way out. Only the West is supposed to sit down and shut up.
Every source country, from Mexico to China, mass deports illegals -- often with prison sentences on the way out. Only the West is supposed to sit down and shut up.
2024 and they're still pimping the "Putin inflation" line 😂
2024 and they're still pimping the "Putin inflation" line 😂
Treasury actually you should knock off 100,000 jobs in employment reports to control for all the migration 😂
Treasury actually you should knock off 100,000 jobs in employment reports to control for all the migration 😂
Soviet-level groveling but a lot stupider.
Soviet-level groveling but a lot stupider.
Due to tax revenue flowing in from April 15th tax day, the US govt only needs to borrow an extra $243 billion this quarter (Apr-Jun). But starting next quarter, we will be back to nearly the $1 trillion per 100 days pace from last year. 100% of US govt revenue is consume by…
Due to tax revenue flowing in from April 15th tax day, the US govt only needs to borrow an extra $243 billion this quarter (Apr-Jun). But starting next quarter, we will be back to nearly the $1 trillion per 100 days pace from last year. 100% of US govt revenue is consume by…
"$20 Minimum Wage Backfires as Restaurants See Orders Plummet” Who could have possibly seen it coming 🤔 “DoorDash said the company experienced 300,000 fewer orders within Seattle in the past three months, likely related to the city's minimum wage guidelines and how they…
Here comes China's Great Green Dump 🫡
Housing costs hit a fresh record of $2,775 per month. Slamming the door shut on the middle class who are being inflated to oblivion. What’s driving it is inflation and the high interest rates it causes. Which are pushing mortages to nearly 8%, and closing off the middle class.…
Housing costs hit a fresh record of $2,775 per month. Slamming the door shut on the middle class who are being inflated to oblivion. What’s driving it is inflation and the high interest rates it causes. Which are pushing mortages to nearly 8%, and closing off the middle class.…
Another solid deep-dive from @Fxhedgers on gold’s 50% rally: What’s driving it, and how long will it go. In short, gold will keep rising as long as the trillion-dollar deficits continue. Which could be awhile. fxhedgers.com/p/good-as-gold
Robert P. Murphy @BobMurphyEcon
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The numbers are now screaming stagflation, with GDP slowing to near-standstill and core PCE inflation doubling on the month. Forget Jerome's “Soft Landing,” the Fed's taking us all the way back to the 1970's. For now, cuts are off the table, putting pressure on everything from…
It's official: Inflation is soaring while the economy grinds to a halt. As Business Insider put it, "The US economy may be barreling towards stagflation, an outcome worse than recession." Last time they screwed up this bad we got years of double-digit unemployment *and*…
As I was saying….
I love it when I take out my braids and I turn into a mermaid for about 10 mins before it goes completely frizzy.
@profstonge Is that just the mortgage? Or does that include property tax and insurance? This is my point often to employers that want me relocate. I will not relocate because of the golden handcuffs of a 2.75% interest rate loan. That would be a poor life decision.
@profstonge Thank you, once again - for making sense of things.
@profstonge 🚨🚨🚨👀 The destruction of America is 100% intentional. This is the "Great Reset" the Globalists and the Biden Regime promised.
@profstonge I got in under the low rates and before the prices skyrocketed. I would have a much harder time affording the same house now.
@profstonge On the part where you say “there’s no relief in sight”… I’d like to hope that there could be at the ballot box in November. Vote Trump! Stay hopeful! Things can change!
@profstonge That's the scary part, the young are being locked out of the middle class and stuck in either poverty or working like hell to afford a home, that's a recipe for various kinds of social upheaval and economic depression.
@profstonge America has been in a Silent Depression since 2008. The job numbers are a lie. The CPI is a lie. GDP is a lie. In 2008 they papered over the gaping wound of financial derivatives. That wound never healed. 2020 made it gangrenous. This is the visible spread of the rot.
@profstonge We’re printing and spending like maniacs Why are we subsidizing Ukraine and not our own Middle class?
@profstonge [They] will military ICE to deport 10m people. That same (Large) Fed police will never give up power. This is the game
@profstonge Agreed, and it's because only Western politicians and bureaucrats value supposed political-correctness.
Treasury expects to borrow $243 billion this quarter and $847 billion in Q3, at which point we'll be back to borrowing nearly $1 trillion every 100 days:
Due to tax revenue flowing in from April 15th tax day, the US govt only needs to borrow an extra $243 billion this quarter (Apr-Jun). But starting next quarter, we will be back to nearly the $1 trillion per 100 days pace from last year. 100% of US govt revenue is consume by…
Treasury expects to borrow $243 billion this quarter and $847 billion in Q3, at which point we'll be back to borrowing nearly $1 trillion every 100 days:
These campus protests, cry-ins, freak-outs over banana allergies, the gnashing of teeth over geopolitical issues in countries they can't even find on a map -- they are the end result of moms strapping their kid up to a child safety seat for a dozen years in the family minivan.
It makes me nervous when CNN mentions Austrian economics. @mises cnn.com/2024/04/28/ame…
we should install bodycams on central bankers
mises first published Human Action when he was 68