Cleveland Fed: Key Measures Show Inflation Above 2% YoY in October, Core PCE below 2%

The Cleveland Fed released the median CPI and the trimmed-mean CPI this morning: According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.2% (2.3% annualized rate) in October. The 16% trimmed-mean Consumer Price Index rose 0.3% (3.6% annualized rate) during the month. The median CPI and 16% trimmed-mean CPI are […]


NY Fed Q3 Report: “Household Debt Continues to Climb in Third Quarter as Mortgage and Auto Loan Originations Grow”

From the NY Fed: Household Debt Continues to Climb in Third Quarter as Mortgage and Auto Loan Originations Grow he Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit, which shows that total household debt increased by $92 billion (0.7%) to $13.95 trillion in […]


Fed Chair Powell: The Economic Outlook

Testimony from Fed Chair Jerome Powell Before the Joint Economic Committee, U.S. Congress, Washington, D.C.: The Economic Outlook. Excerpts: The U.S. economy is now in the 11th year of this expansion, and the baseline outlook remains favorable. Gross domestic product increased at an annual pace of 1.9 percent in the third quarter of this year […]

Real Estate

Buyer Demand Growing in Every Region

Buyers are out in full force this fall, increasing the demand for homebuying in all four regions of the country. According to the latest ShowingTime Showing Index, “Home showing activity was up again nationwide with a 4.6 percent rise in traffic, as the traditionally slow fall season began with a marked boost in buyer interest.” […]


The Tory message is that we cannot afford to maintain life on earth. They believe that a nice tidy government balance sheet is more important than life itself

The Guardian is not alone this morning in reporting the latest report from theInternational Energy Agency The world’s existing climate policies will not be enough to end the upward march of record energy emissions rising beyond 2040 without a “grand coalition” of governments and investors, according to the global energy watchdog. The International Energy Agency […]


It’s time to tax billionaires

As the FT notes this morning: They are right. Which is why wealth taxes should be on the agenda at this election. And I stress, that’s not because we are dependent on the money of the wealthy to pay for public services. We aren’t. Public services are paid for by spending on them and creating […]


Time for a Super Shakeup

What I’m about to share with you could possibly be the biggest change to superannuation since I wrote my book, The Barefoot Investor: The Only Money Guide You’ll Ever Need, a few years ago. But first, a cute analogy to explain how Aussie super works: Retail super funds, those owned by the banks and AMP, […]