Promoting financial & monetary literacy. Stories from citizens concerned about the diminishing purchasing power of their dollar. #purchasingpowermatters
Current situation:
1. Treasury yields officially above 2008 high
2. Mortgage demand at fresh 25 year low
3. Housing prices falling at fastest rate since 2011
4. Inflation near 10% for the entire year
5. GDP down 2 straight quarters
There is no debate, we are in a recession.
The Ruble tumbled after the RCB announced a cut in Russia's key interest rate to 11% last week, but it's rebounding - up about 3% today. Here is the daily chart:
Good Morning from Germany where financial repression accelerates. Real yields (10y Bunds-inflation) dropped to All-Time low of -6.8% despite 10y yields jumped to >1%. But #inflation accelerated to 7.9% in May, highest since 1952. Real yields now NEGATIVE for 73 consecutive mths.
A Flawed #CPI is Bad for Your #PurchasingPower. The #WhiteHouse argues that if you remove #beef, #pork, & #poultry from inflation measurements, #inflation is relatively low. It's not a matter of items counted. It's all about your dollars purchasing less.
https://t.co/6KOkbLo6tm
#PurchasingPowerMatters! Ariana shares what and why it matters to her. Getting to know yourself and the opportunities #money creates makes an interesting life #journey. https://t.co/sORZB3tSST