Month: July 2022
The latest seasonally adjusted inflation rate for June came in at a blistering 1.35% MoM and 9.11% YoY, beating expectations of 1.1% and 8.8% respectively. All prices rose in May with 8 of 11 categories rising faster than the 12-month trend, representing 94.7% of the total CPI. It was possible that YoY inflation could have […]
The post June YoY CPI Was Horrific – The Next Three Months Could Be Worse first appeared on SchiffGold.
The slowdown in money creation could be signaling a recession. The growth in the money supply has dropped precipitously over the last several months. As measured by M2, the money supply expanded by 6.6% year on year. That was down from April’s growth rate of 8.21%. In May 2021, M2 grew by 14.30%. M2 growth […]
The post Slowdown in Money Creation Could Be Another Recession Signal first appeared on SchiffGold.
Air is hissing out of the housing bubble faster and faster every week. Pending sales plunged in June and the inventory of homes on the market jumped as mortgage rates continue to rapidly rise. Pending home sales plunged by 16% year-over-year in June. This follows on the heels of a 12% drop in May and […]
The post Air Is Hissing Out of the Housing Bubble at an Accelerating Pace first appeared on SchiffGold.