Posted on 05/06/2022 5:56:52 AM PDT by Red Badger
In the biggest drop since 1947, U.S. worker productivity plummeted as inflation skyrocketed for businesses trying to buy raw materials and parts.
Meanwhile the Fed is increasing rates into the slowdown – classic stagflation. Only this time, it’s on purpose.
In another shocking headline showing the intentional destruction of the American economy, Biden is reportedly buying back oil to fill the strategic petroleum reserve at very high prices, throwing additional costs on the economic dumpster fire. He released all the cheap oil Trump had acquired at record low prices recently.
Do you get what the OBiden administration is doing now?
Continuing Jobless Claims (Apr 22) printed at 1.384M vs 1.4M consensus estimate.
Initial Jobless Claims (Apr 29) printed at 200k vs 180k estimate.
Initial Jobless Claims 4-week average (Apr 29) printed at 188k.
Nonfarm Productivity (Q1) PREL printed at -7.5% vs -5.4% estimate.
Unit Labor Costs (Q1) PREL printed at 11.6% vs 9.9% estimate.
EIA Natural Gas Storage Change (Apr 29) printed at 77B vs 68B estimate.
Dominion to leftists: “Don’t worry, be happy”
O’Biden! I’ve been using that term for a while.
Oh Lord I looked at my investments this morning. Not pretty. I am well diversified, there’s nowhere to run. We are checkmated.
I got out a couple of years back................
it’s because of the work from home model being completely contrary to ‘work’.
The New Economy.
Costs of living...
Can’t afford to work.
“Hey honey, still looking for a job? Here’s one and here’s one at Wal-Mart.
Wait a minute, even the higher paying one can’t afford the gas back and forth from work , and still not enough for our housing payment, heating stiff, electric and now even the water.
Hey let’s call FreeBidenloader. He’s done it all his life.”
Personally, I'm in economic hunker-down mode. No big purchases, no big leisure travel. Just work, home-cooked meals, and a couple of low-cost hobbies. If the leftists suffer significant defeats in the mid terms I might raise my head a little bit. If they steal this election too, then I'm going full on prep like I'm a normal human being in Germany in 1938 because I believe that's where we're headed if we don't stop now.
Buying oil already? Must think it is cheaper than it will be soon.
Socky….’great news on productivity and the economy…inflation is a good thing’…🤪🤪🤪
Let’s hope people vote with their wallets.
Gas is $5.79/gallon in California, and many people commute ever day, sometimes long distances.
Think that will get their attention?
Doubt it in this part of the country.
California is a lost cause.
The socialists are in complete control.
They will not relinquish power under any circumstances..........
✔
Get ready for war/DISTRACTION!
The SOR is being refilled!
MSM keeps implying WE are the ones running the war in Ukraine with their steady release of US Intel data.
Get ready folks because they KNOW we will not capitulate to another round of covid porn!
“No big purchases, no big leisure travel. Just work, home-cooked meals, and a couple of low-cost hobbies.”
I’ve read that in inflationary times such as now it’s better to spend sooner rather than later, not save. That’s because the value of our $$ falls daily during times of inflation.
So—I’m doing the opposite. Big purchases now (except cars—but then I RARELY ever buy a new car; I let them age until they completely stop running at 200K miles+), lots of leisure travel and plane tickets booked before prices rise more (I plan to travel a LOT during the next decade), lots of dining out (which I enjoy). All these items will just be going up in price in the future.
(Rigged Elections have Consequences)
*********
Elections have consequences whether rigged or not.
Cake left out in the rain.
The cake is a lie.😏
Productivity plummets when companies care more about color, sexual preference, and transgender Wokeness than efficiency and output.
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