This Was the Point of NO return (CPI Breakdown)

This was supposed to be all about "inflation" and instead everything is coming up jobs - including the latest CPI report. From Home Depot's most recent admission to now US refiners taking drastic steps to avoid getting caught with an energy glut (yep, that's right), the entire economy flipped from "sticky inflation" to Uh-Oh over employment.

Eurodollar University's Money & Macro Analysis

Bloomberg It’s Inflation Week in the US. But Everyone’s Talking About Jobs

Home Depot

CNBC Home Depot expects sales to weaken as consumers grow more cautious

Bloomberg Oil Refiners in US Slow Down, Stoking Global Crude Glut Worries

[Helen-nj]

I am really worried about the current crisis/interest rates, these are all the signs of yet another 2008 market crash 2.0, so my question is do I still save in the United States dollar or is this a good time to buy gold?

[andredaedone]

Not true for everyone. I am a Home Depot customer and I am not buying because the prices are still too high.

[mickmouse]

Im always impressed with the scam comments that respond to each other.

[willnitschke]

It's down from 3.0% to 2.9% which is basically measurement error. Get a grip.

[joaminow]

More EV's. Less demand for gasoline.

[russcontact]

Well housing, healthcare, food and insurance costs have skyrocketed over the last few years. Now people don’t have money left over to spend. In a consumer driven economy the result is less jobs. When the job market isn’t good people spend even lees. This will get worse before it gets better, if it ever does. Until wealth starts moving back to the lower classes our economy will never truly recover

[CK-iehp]

Inflation is still very high. Trust your experience not the media

[declareworr]

There's no such thing as disinflation lol

[wagashiohagi]

No Jeff, THIS confirms everything:

5/11/20 Making Sense Eurodollar University Episode 7: "It's not me saying we're not going to have inflation, it's history....So you take your signals from that [global banking] system, and you realize, there's no inflation. It's not that inflation is a small possibility, it's near impossible because we're in deflationary depressionary conditions...people think there's going to be inflation, but there never is..." -Jeff

[leebeidelman]

In 4 years, gasoline prices up 59 percent. Auto insurance, 52. Homes, 48. Natural Gas, 37. Electricity, 30. New cars, 20. But Jeff says that this is not monetary inflation. It is just a supply shock. I hope the supply shock is over soon! 😢

[Lawliet]

Jeff Snider's favorite words: disinflation, deflation, demand destruction, price reduction.

[misteRRobot]

Hey Jeff, remember when you said a nickel of Contango in the oil market was "signaling something massive" on Feb 6?

USO +8, SPY +50, and CL is a buck twenty in Backwardation currently.

You know nothing!

[tabs]

Impending doom is thick in the air. Then you have lies lies and more lies as everything goes south.

[reallymakesyouthink]

I think Jeff's analysis of the state of the economy is right and at some point things will really hit the fan.
BUT he doesn't seem to take into account the lag before the effects in the economy are felt.
His critiques are correct but needs to slow down with his sky is falling messages.

[pavman]

I stopped spending because I don't like paying high margins for things that are worth half as much. F'em. I spend the bare minimum because of inflation, but the problem is everyone is greedy and uses "inflation" as some BS excuse to raise their prices and want their pound of flesh, even if that pound is only worth an ounce. No one ever thinks their pound is only worth an ounce, until you send them an f' you message by not buying their trash at their prices any more. And it's apparently working. Keep it up folks! You want money? lower your margins. Alot. We know when we're getting ripped off and we've had enough of this crap. And hey, if you keep pulling this "inflation" bs, good luck being in business in 3 years. Some revenue is better than no revenue, esp. with economies of scale, jerks. And once the Commercial RE banking crisis really hits mainstream consciousness, goodbye economy.

[sapereaude]

Decades aren't lost, they're accumulated elsewhere. The art of economic manipulation is the art of farming as much from as many to as few as possible.

[angieng]

Is there any positive news on financial and economy in YouTube channel?

[not_nostradamus]

Jeffrey did not read the report. Used car prices went down 11%. This makes the aggregate look deflationary. What this really means is that prices in everything, except food and used car prices, have continued to explode skywards.

[DrinkingmeadwithsamAdams]

I can’t watch the news any longer, if I want to hear someone say I know nothing, see nothing and know nothing. I would rather watch an old episode of Hogans heroes and get my information from Sargent Shultz. At least then I can also get my laughs at the same time😎

[lisamoag]

An apartment in the 1980’s $ 200.
An apartment in 2024 a $ 1000.

Gas was 25 cents a gallon in the 1970’s.
Gas costs $4.00 in 2024.

Inflation is occurring people.