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POSTED ON November 18, 2022  - POSTED IN Friday Gold Wrap

People in the financial media tend to talk about inflation as an academic exercise. As a result, it’s easy to forget that rising prices cause real pain for real people. And Americans are feeling that pain today. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey highlights some ways inflation is impacting regular people. He also explains why he thinks stagflation is the most likely outcome of this inflation fight.

POSTED ON November 11, 2022  - POSTED IN Friday Gold Wrap

They say perception is reality. Based on the October CPI data, the perception is inflation has peaked. But what’s the reality? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into the CPI data along with the markets’ reaction to it and wonders if the inflation victory dance is a little premature. He also talks about the big rally in gold and central bank gold buying.

POSTED ON November 10, 2022  - POSTED IN Exploring Finance

The perception is that CPI cooled significantly in October, but the data doesn’t quite bear this out.

The latest seasonally adjusted inflation rate for September came in at 0.44%. The YoY rate was 7.7%, or 7.8% when adjusting for Household Ops. which has not been consistently reported over the last year. The increase was actually above the previous month of 0.38%, but the YoY number fell because last October was 0.87% and fell off the report this month.

POSTED ON November 4, 2022  - POSTED IN Exploring Finance

Despite the better-than-expected headline number, the job market continues to slow.

According to the BLS, the economy added 261k jobs in October with a big upward revision in September from 263k to 315k. October was a beat against median expectations of 205k. The employment rate (black line) increased from 3.5% to 3.7% while the labor force participation ticked down from 62.3% to 62.2%.

POSTED ON November 4, 2022  - POSTED IN Exploring Finance

The September Trade Deficit increased for the first time in 6 months to -$73.3B. The deficit had been getting help from exports out of the Strategic Petroleum Reserve.

As shown by the chart below, the increase this month was from a drop in Exports combined with an increase in Imports. The current value is still well below the record set back in March.

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