Here, IMO, is where the game-playing stops working.
First, we ALL know the 7.1% figure us a joke, but even using it, 7.1% over last year’s already high inflation is horrific.
The Wall St. tulip-bulbers are hoping the historic inflation and Biden’s distopia are just another bubble, like late 90s tech or 2008. They will be sorely disappointed.
None of the behaviors or variables that got us here are being changed (massive spennding, scarcity, input costs, labor shortages/expenses, dollar devaluation), in fact, we’re doubling down on all of it.
We’re in clown-world, with clown leaders and clown policies. Nothing gets better until that changes.
7% is a joke. They don’t include food and fuel in those calculations.
Fuel prices drive most prices of goods including food.