Posted on 11/05/2022 6:51:37 AM PDT by Kaiser8408a
There is no doubt that Biden is the Cousin Eddie of politics with his gifts that keep on giving. Like rampant inflation, soaring food, gasoline and diesel prices, and Pelosi/Schumer’s helping hand in creating price controls that will kill potential cures for illnesses.
In addition to rampant 40-year highs in inflation, we have the Clark Griswold of the economy, Fed Chair Jerome Powell, slamming his foot on the economic breaks to combat inflation created by Biden’s energy mandates and reckless Federal spending (like the aforementioned, laughable “Inflation Reduction Act.”
So, Biden helps creates massive inflation and Powell and the Gang counterattacked by raising their target rate with more to come (at least until May 2023). And with the implied Fed Funds rate soaring (red line), we are seeing the FANG stocks (Facebook or Meta, Amazon, Netflix and Google) falling more rapidly (white line) than the S&P 500 index. Which is also falling like a rock (yellow line). All this is happening as M2 Money YoY crashes and burns.
How about growth versus value under Cousin Eddie and Clark Griswold? The Vanguard Growth ETF and Vanguard Real Estate ETF are plunging with Fed tightening (red line). Vanguard’s Value ETV (yellow line) is down too, but not by as much.
Yes, Washington DC elites. The gift that keeps on giving … bad things.
(Excerpt) Read more at confoundedinterest.net ...
It’s hard to take someone who doesn’t know the difference between “brakes” and “breaks”, no matter how astute their analysis, seriously IMHO.
I recently saw a Fetterman ad where he blames Congress for inflation & other ills. It's his party that's running DC for Pete's sake but there will be idiots who watch that ad and never connect the dots.
"If you want to know the problem with democracy, have a 5 minute conversation with the average voter" - Churchill
Jimmie Carters Stagflation will soon be a fond memory.
If Dunning-Kruger and the Peter Principle had a son, it would be Joe Biden. And if Joe had a son, it would be Hunter.
Chip meets Block.
Jimmie Carters Stagflation will soon be a fond memory.
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not if they bring back the 55 mph speed limit & gasoline rationing.
They post these stupid articles with sensationalist headlines and a bunch of disconnected numbers and no analysis behind them.
“Sure Eddie... how much do you need?”
“About $52,000...”
The best is yet to come! All these problems become the fault of Republicans and their’s to fix on Nov. 9th.
They want us all living in project housing!
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