Americans consider China the nations top security threat, survey finds - December 1, 2021

Inflation talks are far from over, according to the Organization for Economic Cooperation and Development. The organization anticipates the pickup in global inflation rates will be sharper and longer-lasting than previously anticipated, with a risk that the world grows accustomed to quick price increases. Federal Reserve Chair Jerome Powell signaled that as the central bank grows wary of high inflation, it could speed up its plan to withdraw financial support from the economy. Omicron threatens to intensify supply shortages and inflation, OECD warns - Financial Times As Omicron, Supply-Chain Problems Loom, Eurozone Inflation Hits Record - The Wall Street Journal Time To Ready Yourself For Inflation - Forbes @elerianm: Notable US yield curve flattening as the Fed Chair’s belated inflation U-turn coincides with Omicron growth concerns. Illustrates why it would have been so much better policy to correct the mischaraterization of inflation months ago. There certainly were certainly enough indicators U.S. consumer confidence in November fell to a nine-month low as rising prices and coronavirus concerns fueled economic uncertainty. The confidence index dropped to a reading of 109.5, a 2.1 point drop from October and the lowest reading since the index reached 95.2 in February. The survey predicted consumers will continue to be less enthusiastic about buying a house and big-ticket items in the coming months. U.S. Consumer Spending Powers Ahead Despite Inflation Pickup - Bloomberg @jbartash: Americans are saying one thing but doing another. They say they worry about inflation and Covid, but they're spending and buying lots of stuff. That's why consumer confidence can fall to a 9-month low, as it did in November, but the economy keeps growing. A labor group is accusing Amazon of reporting “misleading or grossly incomplete” data about the number of coronavirus infections spread at its U.S. facilities. Amazon had at least 20,000 employees test positive for COVID-19 last year, but said only 27 of those cases were con