Posted on 05/12/2021 6:01:13 AM PDT by wrrock
- CPI surged 0.8% MoM (4 times the +0.2% expected) and exploded 4.2% YoY. That is the biggest YoY jump since Sept 2008 (and biggest MoM jump since June 2008).
- The core CPI rose 3.0% over the past 12 months; this was its largest 12-month increase since January 1996.
- This spooked investors. Contracts for the Nasdaq 100, which is dominated by technology, fell sharply, while those for the benchmark S&P 500 also declined significantly.
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Unexpected.....
<< Investors spooked by inflation >>
Wall Street should’ve considered that before supporting Biden’s candidacy. They KNEW he’d be printing dollars by the trillions.
Gas lines, hyperinflation on the horizon, we’re a joke in the international community...
Biden did in 100 days what it took Jimmy Carter to do in 4 years.
I price things for a living.
We started our planning for hyperinflation about 2 weeks ago, after quite substantial increases already in January.
Unexpected....except by the millions of Trump voter who said this would happen.
gas lines, out of control spending, raging inflation, a hot Middle East - yep, they’re back. bad policies, bad results.
Unexpected....except by the millions of Trump voter who said this would happen.
This is why a lot of us have been preparing for it in incremental ways before the china flu and in big ways after the ludicrous response. The writing is very much on the wall and has been, really, for over a year.
If investors believe inflation is coming or getting worse where are they moving their ‘money’ to?
Do they fear a less valuable dollar? (then they wouldn’t want to hold cash).
Is there a greater fear of a fed interest rate hike in response?
We need to spend more time and focus on climate initiatives and make sure our law enforcement is used against political enemies, not actual terrorists
Unexpected....except by the millions of Trump voter who said this would happen.
https://grandpappy.org/eonehour.htm
Sometimes I wonder if Trump didn’t want to win this one because he didn’t want to be in charge when it hit the fan.
When does Slow Joe put on a sweater and mumble about malaise?
I know that CPI is Consumer Price Index. What do MoM and YoY stand for?
Joe’s solution: Spend more money
4.2% my foot.
If investors believe inflation is coming or getting worse where are they moving their ‘money’ to?
https://landreport.com/2021/01/bill-gates-americas-top-farmland-owner/
month over month and year over year.
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