Mr. Tea Party let’s them have it.
Same people saying inflation will drop by the end of the year also said we would not have this inflation and still believe in MMT.
Why does anyone continue to believe anything the lying POS?
I already know the answer, to many now grift of the tax payer trough
Trish Regan predicted this over a year ago in her newsletter 🤪
“the devastating report that inflation spiked to 7.5 percent for the highest level in forty years.”
This is spin. If you read the statement by the Fed carefully you’ll see that December inflation rose over 7% on top of the inflation that they acknowledged but did not put a number on for their November 24, 2021 meeting.
Actual inflation known to the Fed is probably 10% to 16%.
Watch for them to keep downplaying these numbers going into the primary and November elections.
Meanwhile, adjust your portfolios to hedge at least a portion of your assets. It’s not yet time to fold ‘em, but it is time to hold ‘em.
He’s wrong. The Fed created it. They have certainly “done something”.
I guess unicorn farts are going to bring inflation down, or, is it magic pixie dust. The problem with inflation is inflation begets inflation. At 7.5% inflation, everyone is pinched, and labor costs must increase. When labor costs increase, more product price increases must happen. It is a natural upward spiral. We have seen this before under Carter, and it took Volker and Reagan to break it. Lots of pain, because it takes a major recession, tight monetary policy and unemployment. Otherwise, the spiral continues up and out of control. Hard times are coming. Let’s Go Brandon.
I wonder if we’ll see a push for wage and price controls like Nixon tried? “The rents too damn high”.
I always likes him. He was the first to suggest the tea party.
The Fed will drop the hammer on inflation by raising rates once BlackRock has exited its position in the market.
“Transitory” Inflation.
Yeah right.
Furthermore, rising interest rates will make the national debt that much worse.
Actually “it’s done nothing” isn’t true. The FED is already tightening, it has more tools than just raising the overnight bank rate, which is the only interest rate the FED controls.
The Bond Market runs the show, and it has left the building, forcing the FED into action. This is the typical scenario and nothing new.
The inflation panic will subside, and so will inflation though it will stick around at a lower level due to demographics and lack of energy of production for a while. It will be manageable, we’ve all lived with inflation all our lives. Disinflation is coming, though those who think week to week won’t notice until it’s upon us.
The monetary collapse wet dreamers will continue to be disappointed and I will take pleasure in their angst.
The Fed is allowing builders to sell off their inventory.
Unfortunately, more people will be ‘underwater’ when the house price boom busts.