The US CPI data came in at 8.3% this morning, increasing by 0.1% from July to August and the stock market fell over 2% immediately after being up in premarket.
US inflation has increased despite energy dropping by over 5% and this is particularly worrying because key components like food and shelter are spiralling out of control with Food at home increasing by 13.5% in the last 12 months.
The 2022 stock market crash may not be over just yet as inflation is showing to be more resilient than the Fed would like to admit.
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THIS IS FAKE NEWS. Biden said that inflation was literally ZERO and we are NOT in a recession How dare you disagree with Der Fuhrer! Off to gulag with you!
So the Biden administration is draining our strategic oil reserves to lower the price of gas at the pump, which he knows has been contributing to his tanking approval ratings.
This is, of course, a temporary fix for a short term political gain – at the expense of being prepared for a possible war, which is what the SPR is supposed to be used for, not for alleviating tanking public opinion polls.
I can’t think of a more short sighted political stunt at a time when we are closer to a possible European conflict with two military powers than we have been in 50 years. These people need to be removed from power.
Wars are fought for resources and or expansion causing a resources problem .
Things like the G7 are a meeting place for the worlds top industrialists /politicians /groups like the Bilderberg group and the think tanks that study the worlds resources and political stability ,for reasons obvious ,then come up solutions to the problems .
With the change in world trade ,and the loss of resouces in UK and EU new trading blocks have sprung up like the south American one which Turkey joined along with Russia and others that did not sign up to the self imposed Russian sanctions ,& there are a lot of them .
Cracks are showing in the EU,s single market with its restrictions & its many & varied taxes & charges system .
Hence the grand plan to save the planet with the Paris accord along with its green net zero tax structure to conserve public consumption and resources , with massive price hikes on the essencials like domestic gas ,oil ,fuel , food, transport ect ,to keep the revenues coming in for the big corporations & the governments to get them through the comong market crash.
Things not mentioned on UK TV news outlets are the new trading blocks ,the fact that the Chinese are stopping all western computer chips in their phones /computers & industrial applications , it was taken for granted that Lithium was going to be a staple for EV batteries but the supply dried up due the Chinese owning appx 90% of the worlds rare Earth resources , their friends like Russia own vast resources of materials ,hence EV batteries going from Lithium to over hundred year old salt ones just with new tech .
Look at the financials for the last year you will see massive take overs and buy backs from the bigger corporations .Millions to be put out of work with the advent of the EV as the emissions laws creep in for their all electric world of the Paris accord , that is fast crashing
Due to the self imposed sanctions & the price of energy ,the world of the Paris accord is a world for the wealthy while the rest of us slide down the road into a Mad Max dystopian world simular to that 1970s film Soylent Green ! /UK
Man you talk fast…
Feb is pretty stupid
Thank you Saha!! Could you kindly make some content on what sectors to invest in at the moment?
Great video. Thank you. Concise, well informed, no hyperbolic conjecture, no fearmongering.
Good clear cut content and presentation of facts. I smashed the like.
One request – a breakdown of the Inflation Reduction Act and what it actually means for inflation would be a great video?
Wasn't July 8.5? Why is it an increase in the end? Because of the seasonal adjustment?
You have been giving out so many warning videos for over an year!! When do you think you would finally stop that?
WRONG. August CPI is slightly LOWER than July (Aug index 296.171, July index 296.276). July-July CPI was 8.52%. Aug-Aug was 8.26%. That's LOWER.
Russia has the Turkstream gas pipeline and the Power of Siberia gas pipeline has been delivering N gas to China since 2019. Don't forget Russia's Bluestream gas pipeline.
Oil prices are rising as well.
I was unemployed in 1982 when interest rates went to 18%. I was in a flop house hotel on Colfax ave in Denver.
The guy in room next door heard me working on my truck. He was a mechanic and offered me his entire tool box for $10 to get some food. I had $14 to my name. I gave him $5 and told him he will need his tools. I used a rope to pull the 4 cyl.engine out of my truck and rebuild it on a canvas on the hotel floor. I remember the Chinese lady unlocking the door and looking in shock. She said "You leave now".
All the speculation has tobe squeezed out of the system. When you see Fire sales become common the bottom has been hit.
We are not even close.
Perfect time to accumulate more bitcoin
Another to the point video Sasha. Thanks. With shelter lagging behind (and you have been mentioning it every video) how far does it run? 6 -9or 12 months roughly? You never say.
Cheers
Bought more today. Most of these are based on inflation and macro economics. A lot of companies are still growing and fundamentals still in play
Love how you got straight to it
I think you’ll regret all of these sarcastic comments. Inflation will come down rapidly. If you were so certain that printing money would lead to massive inflation and a market collapse why in the world were you investing in fiverr at 170 and above.
Free Trading ? Squirrels don't have to pay for life because they haven't been psychologically groomed to be servants to inanimate objects one of them owns, legal tender, and the tendering of the owner is of the others. Money is a gas station, you're the fuel, your time and skills, and the gas station has an owner doesn't care if you have fuel or not. See how that works ?
It's our time and skills banks, the products and services are our BENEFITS. That's free trade. It's FAIR FREE TRADE, if we agreed out TIME in use, to provide for each other, is of equal TIME VALUE. MONEY made idiots of the 99%, and the 1 percentage owners, like it that way.
My assessed land value for taxes has increased almost 100% from last years….which is an outrage
I refuse to believe that 8.3 is "absolutely terrible" when 8.1 was expected. It's just an excuse to deflate the markets. Make it seem like everyone is running for the hills when they aren't.
I think they need to raise it by 100 basis points. Yes it will cause a massive shock, but its better if they go hard earlier imo.
Unbelievable! There is so much cash chasing fewer goods and no matter what they tell us, things will get very bad.
It’s gorgeous. The re shuffling of the money as it shifts to renewables. Hehehehehe we don’t have long to buy at these prices. A massive shift and loss from old to new. Old companies had their time but they are still kickin with federal help. It won’t last for long.
Can you imagine paying 8% interest on $31 trillion?
bla bla bla
How dare you point out that energy was not driving the so called inflation!
I reported you to the Supreme POTUS Bidenstein. Expect secret service at your door any time now. You will be transitory, just like the inflation!
US government is failing big time
Gas needs to go below $2 no higher rates help
FJB
So was Chicken Genius right or wrong?
Is it just me, or have all Sasha's recent videos gone full-tonto alarmist?
Isn't Russia selling oil to Saudi Arabia and in turn the Saudis are selling to the US at a higher price?
I just keep looping back to J POW referencing the possibility of an 'unusually large' rate hike in the next meeting. He has said it on at least two separate occasions. I really wouldn't be surprised to see 100bps.
Thanks
It's only crashed on stocks that had not crashed….I'm still fine, as I took stock of already crashed stocks
everything I hear from you sounds scary. so what? this is crisis we know.
An an Aussie it is really annoying the AUD is so weak converting to USD to get these great prices …. And I have to pay USD 20 for EVERY share purchase with the CBA
The speculative positions crashed. Positions with sound fundamentals are safe. As long as unemployment is low, it won't "feel" like a crash…
Still not too bad. In Poland where I live inflation in august was at 15,6% with interest rates gradually increasing from 0,1% to 6,75% at the moment within last 12 months. Most likely inflation will hit 20% at the beginning of next year.