A Pitchfork Economics episode on inflation, today with "a self-loathing billionaire and a self-loathing economist", according to one host.

https://pitchforkeconomics.com/episode/inflation-a-guide-for-users-and-losers-with-mark-blyth/

#economics #inflation #neoliberalism #inequality #podcast

'Six eggs used to be £1' - why everyday essentials cost so much more now

https://www.bbc.com/news/articles/cd6pw4zg5p9o?at_medium=RSS&at_campaign=rss

#Economy #Inflation #CostOfLiving

Could be another #MarketManipulation or even just that Trump is feeling like he’s not getting enough attention.

#Trump says a deal with #Iran & opening of #StraitOfHormuz are 'largely negotiated'

#TrumpsWar #IranWar #US #Israel #war #WarCrimes #RulesOfWar #law #Congress #WarPowers #geopolitics #NationalSecurity #MiddleEast #economy #inflation #affordability #CostOfLiving #oil #energy #EnergyCrisis
https://apnews.com/article/iran-united-states-war-ceasefire-negotiations-hormuz-1c283f26d037102cc5e6f798546d0e59

Breaking #FakeNews: President Trump floats enacting Insider Trading holiday to help struggling administration members in these trying times.

#inflation #IranWar #gasprices

The Federal Reserve is grappling with declining consumer confidence as inflation fears grow. Recent surveys show rising expectations, especially among independents and Republicans, who doubt relief will arrive soon. This shift in sentiment could exacerbate inflationary pressures, posing significant risks to the economy. #inflation #economy

https://wesearch.press/s/the-feds-worst-inflation-fears-may-be-coming-true-as-consume-6225ae48?utm_source=social&utm_medium=auto&utm_campaign=mastodon

Der Typ der 11 #Milliarden #verballert hat, will uns erzählen, dass nichts mehr erhöht wird 🤬
Das #Bürgergeld wurde schon 2 mal nicht erhöht trotz #Inflation ❗️🤬

Dieser Typ hat nichts aber auch gar nichts in der Politik verloren ❗️

Mann sollte ihn endlich vor #Gericht zerren und ihn zwingen die 11 Milliarden zurückzuzahlen, dann muss man weniger sparen oder sich wenigstens die Kohle bei den Reichen Parasiten holen❗️🤬

Economy Of Japan Grows 2.1% In 1st Quarter Of 2026

Thanks to the recovery in exports and private consumption, the economy of Japan grew by 2.1% in the first quarter this year, according to a Kyodo News report. Still, there will be challenges ahead for the Japanese economy as the nation is still dependent on the Middle East for its crude oil needs and there is the possibility that the Islamic terrorist regime of Iran could start a new series of conflicts in the said region.

To put things in perspective, posted below is an excerpt from the news report of Kyodo News Some parts in boldface…

Japan’s economy grew an annualized real 2.1 percent in the January-March period, marking the second straight quarterly expansion, led by a recovery in exports and private consumption, government data showed Tuesday, with the full impact of the Middle East conflict yet to be felt.

In the first quarter of 2026, gross domestic product adjusted for inflation increased 0.5 percent from the October-December period, the Cabinet Office said in its preliminary report, beating market expectations. GDP is the total value of goods and services produced in a country.

Economists polled by the Japan Center for Economic Research had forecast an annualized real expansion of 1.56 percent while expecting growth to slow to 0.45 percent in the April-June quarter, amid concern that the Middle East crisis and surging crude oil prices will weigh on corporate profits and consumer spending.

In the January-March period, private consumption, which accounts for more than half of the economy, grew 0.3 percent, rising for the fifth straight quarter, helped by strong demand for clothing and a boost in spending at restaurants, an official said.

Spending was also underpinned by state subsidies for gas and electricity bills and solid wage growth, as rising earnings saw companies move to attract and retain talent, economists said.

But with data showing a rapid deterioration in consumer sentiment due to the Middle East conflict, its impact on private consumption warrants close attention, another government official said.

In the January-March period, exports rose 1.7 percent from the October-December quarter on a recovery in auto shipments bound for the U.S. market and strong demand for machinery and electrical devices for industrial purposes. Imports edged up 0.5 percent.

Economists said shipments to the world’s largest economy have been recovering due to receding uncertainty over U.S. tariff policy following a bilateral deal struck last year.

Business investment rose 0.3 percent from the previous quarter, with increased expenditure for research and development on the back of robust corporate profits and for general-purpose machinery and electric lighting fixtures, the first official said.

She said the impact on the data of the Middle East conflict, triggered by U.S.-Israeli attacks on Iran that began in late February, was unclear.

Prolonged tensions in the Middle East could affect imports of crude oil and petroleum products such as naphtha and hit exports bound for the region, economists said.

GDP was dampened 0.1 percentage point by a reduction in private inventories, apparently due to the government’s decision to release oil from stockpiles, starting with those held by the private sector.

Japan’s heavy reliance on oil imports from the Middle East makes the country vulnerable to the effective closure of the Strait of Hormuz, a key shipping artery, with surging oil prices feared to drive up inflation.

Prime Minister Sanae Takaichi said Monday the government will consider compiling a supplementary budget for fiscal 2026 to ease the impact of elevated crude oil prices.

Let me end this piece by asking you readers: What is your reaction to this development? Do you think the economy of Japan can still maintain its growth rate in the 2nd quarter? Do you think Japan will soon import oil from other parts of the world to reduce its dependence on the Middle East? Do you think Japan’s ties with Trump-led America will open new windows that will help Japanese exporters a lot?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco