Posted on 02/17/2023 5:59:34 AM PST by MtnClimber
I told you this would happen.....
The index for final demand less foods, energy, and trade services rose 0.6 percent in January 2023, the largest advance since moving up 0.9 percent in March 2022. For the 12 months ended in January 2023, prices for final demand less foods, energy, and trade services increased 4.5 percent.
The days of "hide the sausage" fiscal policy irrevocably ended with the Ukraine/Russia conflict as a direct result of our, and Europe's, sanctioning actions. It's gone and not coming back.
The Omnibus, a monster deficit spending bill that was passed in the last days of the previous Congress, is now starting to show up in the PPI. Its not in the CPI yet and won't be for another year in full, so anyone who thinks inflation is "headed downward" has rocks in their head. This is the classic double-spike move that occurs when you think you can blow more credit into the system instead of learning from the first inflationary spike that what you did was stupid and must not be repeated.
Even less food and energy the rise was 0.6% on the month in goods which is a 7.4% annualized rate. Services were up 0.4% even into softening inflation in trade, transportation and warehousing, all goods-movement related, which is quite bad because taking those out that puts services inflation at the same 7.4% annualized rate.
What's even worse is that unprocessed goods on an intermediate basis were up 0.9% on the month when you remove food and energy, which is an 11.3% annual rate. That's three to six months out from showing up in the CPI, but show up it will and there is no getting around it.
(Excerpt) Read more at market-ticker.org ...
“...The days of “hide the sausage”...” We talkin’ finances or DOT sec booty judge.
Off topic—but I know you have posted a lot about this—latest from Zero Hedge on East Palestine:
“Service on the debt is quickly becoming too big to hide, or ignore.”
Agreed—but debt service issues can be hidden for many months if the debt holders play along and don’t foreclose.
The financial world is like a circular firing squad—once the shooting starts everybody gets hit.
The government already has near total control over us, but its not quite there yet. Over the past few decades the government has expanded its role so that it now regulates, taxes, monitors, controls or otherwise influences every aspect of our lives. But what the government still wants to do is control our behavior. To do that it needs to impose things likes social credit scores, digital currency, mandates over retirement investments, etc.
That’s the next phase of control. And they will pay for it using our own tax dollars. We give them the rope to hang us so to speak.
Sadly the Republicans are allowing (and enabling) this all to happen.
“If we did, we would’ve seen thousands of Texans guarding the borders and they’re not.”
***********
Don’t Mess with Texas. What a complete crock that empty slogan was.
Thanks. Not terribly surprising. As I mentioned in one of my posts, there remains a lot of cleaning up to do. They're going to need to remove a lot of soil. Probably clean up a number of these kinds of creek beds. But, that's not vinyl chloride they're seeing. VCM is a gas, and it lighter than water. It wouldn't be sinking to creek bed bottoms.
Not sure what it is? They need to test and find out. Could be some of the heavier residuals from the burning? Those are WORSE than VCM in health impacts. But, they should be relatively easy to clean up, as they'll be a very low levels. And, most of these can be smelled at VERY low levels. It doesn't take much to make an oil sheen. It might just be spilled oil or gas from all the trucks that were around, fighting the fires.
They still have a lot of work to do around there. Their drinking water, on the other had, comes from wells, and seem to be testing clean. Personally, I'd keep drinking bottled water for a few months, just to make sure it stays that way. But, I'd be ok taking showers, or washing things in it, with soap.
I think you have expressed the sentiment of a lot of Americans. As long as the teevee keeps telling people that Republicans are hateful and bad, they’ll diligently, and inexplicably, keep voting for braindead people like Biden and Fetterman. That no one, no one, is willing or apparently able to stop the southern invasion truly boggles my mind.
LOL good point. I don't see any chance that "booty judge" gets fired. So, I guess there'll still be plenty of 'sausage hiding' at the highest levels of government.
Yes its a purposeful destruction of the US economy.
True, but don't leave the RINOs out of this as they have been enabling the Democrats. My tagline is still relevant, sadly.
This is the first I can ever remember not having to shovel any snow in January—or this far into February.
I used 100 therms less in January than I did in 2022 - and 2022 was a mild year for around here.
That was 62% of my 2022 January usage.
Atlas Shrugged is a blueprint or just a coincidence? You choose...
Q: What is the name of the railroad in the book, and what road did this train derail right next to?
A: Taggart Transcontinental and Taggart Street.
The train derailed right next to CeramFab, address: 900 E Taggart St, East Palestine, OH 44413
These are the kinds of coincidences that make you think we really do live in a hologram/matrix....
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