Posted on 05/14/2021 9:50:29 AM PDT by JV3MRC
Reuters attempted to dismiss inflation fears after the disastrous Consumer Price Index (CPI) report was released by citing one of President Joe Biden’s donors.
Reuters’ story on the CPI data cited Johns Hopkins University Center for Financial Economics Director Robert Barbera. Reuters included his comments in the fourth paragraph, to undercut the news that “U.S. consumer prices increased by the most in nearly 12 years in April,” which “could add fuel to financial market fears of a lengthy period of higher inflation.” “‘This is not a sign of an inflation problem,’” Barbera reportedly told Reuters. “‘We have the capacity to produce this stuff, we simply need time to get things back on line.’" Federal Election Commission data revealed that Barbera donated $5,600 directly to Biden’s campaign and $26,500 to the Biden Victory Fund. In addition, Barbera also gave $23,850 to the Democratic National Committee (DNC).
Barbera’s donations to Biden and the DNC taint his statement with a glaring conflict of interest. Reuters never disclosed Barbera’s political bias, of course. Reuter’s has a history of not disclosing the potential conflicts of interests of its sources.
(Excerpt) Read more at newsbusters.org ...
Liars need to be dealt with.
I hear any and every excuse for the rising inflation, including CNN blaming the gas pipe line hack on it.
Jeremy Seigel says it could hit 20% temporarily. This si great news for investors and property owners, terrible news for non investors and renters.
Inflation is preferable to deflation any day. One just has to invest in things that outrun it, and there are plenty of such things. I’m looking forward to it.
The great collapse wet dream among non-investors isn’t going to be fulfilled.
Wall street is also acting like nothing ever took place. They act like inflation is only a pipe dream an illusion. I have never seen so many corporations, specially the stock market etc. covering for this piece of crap! I guarantee you if it would’ve been Trump all hell 24/7 would’ve broken loose on the mediavomits fake news clown shows. They would’ve been squealing like stuck pigs like it was the end of the world as we see it.
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