I am Inflation, Destroyer of Worlds: Poor and Middle Class Get Smashed by Inflation.
Inflation, inflation, and inflation. People tend to think that inflation merely means higher prices. Yet the type of inflation we are dealing with is extremely problematic. Inflation is running at a multi-decade high clip at 6.2% annualized and it may be even worse since the way we measure inflation is an imperfect science. Inflation punishes […]
Gear up For Higher Prices through Inflation: You Should Christmas Shop Early Based on Shipping Costs.
The world is flush with access to capital and it is very clear that there is massive pent-up demand from the last 1.5 years because of the pandemic. As the US and other economies started to open, people have money to spend and are going out there and putting pressure on supply chains. For all […]
Amazon is annihilating the Department Store faster than you think with 80 million prime subscribers: 4 charts showing the destruction of the department store.
If you enjoy the process of shopping at department stores you may want to get it out of your system sooner rather than later. Forget about the fact that the US has built a ridiculous amount of mall space thinking that Americans were perpetually going to only buy in-person in cavernous florescent light stores. Amazon […]
The standard wage for an American is $29,000: Social Security data reveals raw figures for the wealthiest country in the world.
All Americans pay Social Security taxes. So looking at Social Security for income data is fairly reliable. The new Social Security figures show that Americans continue to make a lot less than what the public tends to believe. For example, you may have seen mainstream shows with talking heads saying that someone making $200,000 a […]