Posted on 04/01/2022 5:57:02 AM PDT by weston
It is a lifeline for sure.
Glad you’re hanging on with the rest of us!
Thought-provoking article from Andrew Torba, the owner of Gab, about Elon Musk buying Twitter.
https://news.gab.com/2022/04/26/gab-responds-elon-buys-twitter-now-what/
Good morning, lysie!
Thanks for a delicious breakfast.
Are you off to the Legion this morning?
Thanks for that perfectly presented breakfast casserole, lysie. I’m shocked that my piece of bacon was still there :)
Congrats on Swanny’s egg. What a wonderful surprise. 💕 🦢
Good morning, exit!
Great article, thanks for posting.
Elon sure has his work cut out for him, a lot of hurdles.
Will be interesting to see how this all plays out.
The Fed’s favorite inflation gauge rose 5.2% in March as worker pay fell further behind
PUBLISHED FRI, APR 29 2022 8:33 AM EDTUPDATED MOMENTS AGO
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Jeff Cox
FTA
Personal consumption expenditure prices excluding food and energy, the Fed’s preferred inflation gauge, rose 5.2% in March from a year ago.
That was a slight deceleration from February and the Wall Street estimate.
Employment costs accelerated 1.4% in the past quarter, while inflation-adjusted income declined 0.4% in March.
Including food and energy, core PCE prices surged 6.6%, the fastest pace since 1982.
A measure that the Federal Reserve focuses on to gauge inflation rose at a robust pace in March, likely cementing the central bank’s intention to raise interest rates by half a percentage in May.
The core personal consumption expenditures price index, which measures costs that consumers pay across a wide swath of items and accounts for how behavior changes in response to market dynamics, increased 5.2% from a year ago, according to the Bureau of Economic Analysis.
That was slightly below the 5.3% reading in February, which was the highest reading since April 1983.
That was less than the 5.3% Dow Jones estimate. On a month-over-month basis, core prices rose 0.3%, in line with the estimate.
Including volatile food and energy prices, the PCE index accelerated by 6.6%, the fastest pace since January 1982. Headline inflation was up 0.9% from February, much faster than the previous 0.5% increase.
A separate inflation measure, the employment cost index, increased 1.4% in the first quarter from the previous period, according to the Bureau of Labor Statistics. The Dow Jones estimate for that level was 1.1%.
The index, which measures total compensation cost for nongovernment workers, was up 4.5% over the past year.
Together, the data points do little to dispel the notion that inflation is running at a much faster pace than the Fed would like. Consequently, markets widely expect a 50-basis-point increase during next week’s Federal Open Market Committee meeting, with additional increases to follow.
The Fed’s job became more complicated following a BEA release Thursday showing that gross domestic product, the broadest measure of U.S. economic growth, fell 1.4% in the first quarter.
While the pullback came mostly from declining inventories and the record U.S. trade deficit and was not expected to be repeated in subsequent quarters, the data nonetheless raised some concerns that the economy is at least cooling if not heading into a recession.
Rising interest rates would help reduce activity further as the Fed looks to fight inflation not seen since the early 1980s stagflation period of low growth and surging prices.
The rising employment costs, however, aren’t keeping up with inflation.
Real disposable personal income, or the amount of income after taxes and adjusted for inflation, declined 0.4% in March after increasing 0.1% in February. Real spending rose 0.2% while headline personal income increased 0.5%.
Faced with rising costs and falling income, Americans dipped into savings. The personal saving rate, or the amount put aside as a share of after-tax income, declined to 6.2% from 6.8% in February.
https://www.cnbc.com/2022/04/29/the-feds-favorite-inflation-gauge-rose-5point2percent-in-march.html
Despite claiming domestic terrorism is the #1 threat to the homeland, @SecMayorkas can’t name a single case that he referred from DHS to DOJ for white supremacy or domestic terrorism. pic.twitter.com/9ZtYp1A3eo— Congressman Greg Steube (@RepGregSteube) April 28, 2022
Good morning, LG!
I like the way Gab told Germany to get lost, as their laws have no weight here.
Here’s Musk this morning:
__________________________________________________________
Elon Musk
@elonmusk
·
51m
The far left hates everyone, themselves included!
Elon Musk
@elonmusk
·
34m
But I’m no fan of the far right either.
Let’s have less hate and more love.
No baby swan coming. The egg is not fertile.
Thanks!
How sweet!!
Rep. Marjorie Taylor Greene
@RepMTG
·
1h
I can already picture the screams of anguish in the Ministry of Truth’s re-education camps.
“I’ll do whatever you want! I promise! Just please don’t make me listen to any more of Nina Jankowicz’s singing!”
Good morning , Gran. Yes. We went to the Legion. Did stuff and then went to breakfast.
lol
Good morning, Jane. You are welcome.
And I was trying not to!
I know—that was pretty funny.
We’ll just have to get up to 6000 by tomorrow night and give djstex another chance at the brass ring!
Tulsi Gabbard 🌺
@TulsiGabbard
· 1h
Every dictatorship has a propaganda arm—a “Ministry of Truth.” The Biden Administration has now formally joined the ranks of such dictatorships with their creation of the so-called “Disinformation Governance Board.”
https://twitter.com/i/status/1520003460787163136
1:24 video
Now that the Biden regime has a Ministry of Truth, what’s next?
Re-education camps?— Rep. Marjorie Taylor Greene (@RepMTG) April 29, 2022
Kambree
@KamVTV
·
10h
If your college degree doesn’t have enough value for you to pay it off, it certainly doesn’t have enough value for me to pay it off.
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