Spot gold climbed 1.6% to $2,977.36 an ounce, its twelfth record peak to date in 2025.
Prices are up nearly 14% so far this year after a solid 27% gain in 2024. U.S. gold futures rose 1.4% to $2,989.
More.
Thursday, March 13, 2025
Hey look! Root causes are back in the news again after a brief hiatus
The root cause of the Ukraine war is Vladimir Putin and the root cause of the illegal immigration problem was Joe Biden.
The inflation figures in this story, as usual, are based on seasonally adjusted measures
... no gain for the month after jumping an upwardly revised 0.6% in January, seasonally adjusted figures showed. ...
It's the same story with core wholesale prices for January 2025, not seasonally adjusted, also revised upward today one month later
The monthly rise in core wholesale prices in January 2025 of 0.5% was revised up to 0.7% today, and the year over year increase was revised up to 3.8% from 3.6%.
Inflation in January 2025 was worse than previously reported, and probably was in February too as reported today, but we'll have to see, as long, anyway, as Ludwig doesn't manage to blow us all up in the meantime.
Wholesale prices not seasonally adjusted rose 3.7% year over year in January 2025, not the 3.5% reported last month
The month over month change in wholesale prices was also revised up today, from 0.7% for January to 0.9%.
Marco Rubio and his fellow barbarians are shredding and burning USAID classified documents and personnel records
U.S. Agency for International Development (USAID) employees and outside groups are fighting an order from the agency’s leadership to shred and burn its classified documents as well as personnel records.
An email obtained by The Hill sent by USAID’s acting executive secretary instructs remaining employees at the dismantled agencies to “shred as many documents as possible first, and reserve the burn bags for when the shredder becomes unavailable or needs a break.” ...
More.
Wednesday, March 12, 2025
In February 2025 the average cost of electricity is 31.6% higher than it was 2016-2020
The average price per kWhr was $0.136 for the five years 2016-2020.
In February 2025 piped utility gas to heat your home, heat your water, and cook with costs 55.7% more than it did on average 2016-2020
The average price 2016-2020 was $1.0174 per therm.
In February 2025 gasoline costs 34.8% more than the average 2016-2020
The average price 2016-2020 was $2.419/gallon.
Beef, breakfast, and bliss just went up again: A dozen basic foods posting new all time high average prices in February 2025 according to the St. Louis Federal Reserve Bank
Choice chuck roast $8.104/lb
Ground chuck $5.744
All uncooked ground beef $5.96
All uncooked beef roasts $7.995
Round roast $7.49
Round steak $8.485
Eggs $5.897/dozen
Frozen orange juice $4.492/12oz
Coffee $7.246
White Sugar $1.011
Table wine $14.087/liter
Beer $1.819/pint
Ohio shoulda said pwease
Local projects like Milliken Road, Wright-Patt sidelined as U.S. House votes to avoid shutdown
Even as Ohio Republicans stuck with President Donald Trump and voted on Tuesday to approve a six-month government funding bill in the U.S. House, that decision came with a price — as the GOP plan denied federal funding for a variety of local projects across the state. ...
Core cpi inflation was 3.117% year over year in February 2025, still 58.6% worse than the average 2017-2020
We've been stuck in this range for 8 months.
The worst inflation in decades first fell to 3.1% in July 2024.
We're still there.
The purchasing power of the US dollar fell again in February 2025: The dollar now buys 26.5% less than it did 10 years ago
The monthly decline in February was another -0.63%.
The year over year decline in February was -2.795%.
That's your headline inflation number today.
Tuesday, March 11, 2025
I wrote to my Congressman John Moolenaar last week about today's continuing resolution vote
He wrote back today, today!, explaining his February 25th vote for the budget framework, about which I asked nothing, mentioned nothing.
But what I did ask about went entirely unaddressed.
This is called being without representation.
What a moron.
House Freedom Caucus caves completely to King Ludwig and Prince Elon, House votes 217-213-2 to continue spending at Biden levels through the end of fiscal year 2025
Two seats remain vacant due to Trump appointments and one is newly vacant due to sudden death.
Republican Massie voted Nay and Democrat Golden of Maine voted Yea. Republican Moore of North Carolina and Democrat Grijalva did not vote.
The bill moves to the Senate.
The Republican controlled House dares Senate Democrats to vote Nay and has gone on vacation until March 24th.
The government will close down on Friday at midnight if the Senate fails to pass the measure.
60 votes are needed in the Senate where the Republicans are in the majority with 53 seats.
House narrowly passes six-month funding bill as shutdown deadline nears
Roll Call 70 | Bill Number: H. R. 1968
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