Posted on 12/14/2021 10:30:13 AM PST by Browns Ultra Fan
Yes, we have trouble in river city with a capital T than rhymes with P and that stands for Producer Prices.
Prices paid to U.S. producers posted a record annual increase of almost 10% in November, a surge that will sustain a pipeline of inflationary pressures well into 2022.
The producer price index for final demand increased 9.6% from a year earlier and 0.8% from the prior month, Labor Department data showed Tuesday. Both advances topped economists’ forecasts.
Even more interesting (or frightening) is that PPI Final Demand YoY is soaring faster than CPI YoY. If CPI catches up to PPI, then we have serious trouble.
With inflation seemingly growing out of control, Powell and Biden should sing “76 Trillion Dollars” which will be the US national debt after Biden and Congress get done with their spending splurge.
(Excerpt) Read more at confoundedinterest.net ...
“Biden, Congress and The Fed are killing America will reckless spending and inflation.”
And they’re going to spend more with the build back bankrupt bill. Every single Dem politician is a liar, and they are sticking with it won’t cost anything, and it will do great things for the economy.
The public slumbers.
Trillions are so yesterday. The new hotness is quadrillions.
peter schiff says if you use 82 cpi methodology it is 15%
apples to apples
Let’s Go Brandon.
And “let’s go” everyone who voted for him and assisted in the Big Steal.
And that’s the goal. Destroying America in the name of Davos globalism.
Ably assisted by the Assistant Democrats.
They know they are going to loose the next few election cycles and their plan is to leave nothing but ashes for the next administration.
Then they can place all the blame on the Republicans and the MSM will happily comply.
This is the only scenario that makes any sense. They are not stupid and know what this will do to the country.
“This is the only scenario that makes any sense. They are not stupid and know what this will do to the country.”
Minor correction, they are stupid, but they are cunning. I would also add to your assessment that the bill is filled with so many Dem payoffs and programs to entrench progressives that when it passes, this country is doomed.
Let’s Go Brandon, FJB, and all of that stuff. When are the Republicans going to DO SOMETHING?
Kills the dumb (and typical socialist) conspiracy theory that greedy retailers are the cause of inflation. In fact the are passing on only about 2/3rds of the higher prices they are paying.
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