Posted on 09/13/2023 9:21:01 AM PDT by Kaiser8408a
Here are some bits and pieces about the US economy and interest rates.
The Federal Reserve, the most powerful Socialist machine on the planet, is considering rate their target rate after some bad economic news.
First, real median household income (released yesterday for 2022) showed a decline of -2.3%. That is the worst decline 2010 when Biden was Vice-president. Notice that real median household income has never been positive under Biden (I doubt if PressSec Jean Pierre will brag about this!)
Then we have today’s BLS inflation report. The highlight? Core inflation is at 13% YoY.
Apparently, The Fed has more work to do!
Fed Chair Powell gestures about inflation still being too high (although dim bulb “economist” AOC claimed that inflation is just propaganda).
(Excerpt) Read more at confoundedinterest.net ...
Carter on steroids!
Biden sucks.
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“No Pain, No Gain.”
Yeah but the media says things are great. Sure everything is double what it cost pre chomo and only getting worse.....
Income is down, but inflation is up, AND the nation has been flooded with an invasion of illegal aliens, many of whom are criminals. What will the Dems and their RINO accomplices do to steal the next election? Who cares enough to do something to stop the madness?
Lots of charts and graphs and nifty tools here, too:
Core inflation excludes food and gasoline.
Where is that? The BLS page the article points to has the YoY core inflation at 4.3%.
Somebody tell these first class idiots that raising interest rates doesn’t, by itself, reduce the rate of inflation. What stops it is what these idiots won’t do: stop issuing fiat money, and stop spending money they don’t have.
President Sniffer’s Bidenomics in action. Democrats must be so proud.
Lots of charts and graphs and nifty tools here, too:
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Its a good site.
If you type in Historical Inflation Rates, they show data, monthly & yearly from 1914 to the present.
What sticks out to me in past inflationary eras is huge inflation between 1916-1920, then huge deflation from 1921-1940.
From 1941-1951 there were a few high inflation years.
From 1952-1966 inflation rarely went over 3%.
1967-1985 inflation over 3% every year.(A high in 1980 of 13.5%)
1986-2021 nothing sticks out until the 8% rate in 2022.
We’ve had 29 straight months of plus 3% inflation.(April 2021-September 2023)
In the middle ages "Doctors" would bleed their patients. Raising inflation is the modern day "cure", bleed the economy to save it.
the D party operatives consistently try to grind working people down
and when they seize control of government and the Fed, they’ve got the tools in their hands to do it to us
“Core inflation” they admit is at 13%
(they admit that much, it is obviously more)
and Core Inflation does not include food or rent
which items the Biden regime has shot up the prices far more
bologna that was 4.99 is not 14.99 a pound
gas which was 2.79 is now 5.79
phone bill was $70 now $102 for same crappy service
thanks, Biden and DemoNaziCommie Puppetmeisters. you’re destroying American peoples’ lives at a faster rate than most of us thought even possible
later
“All items less food and energy in U.S. city average”
I am not part of the “you have to wreck the economy and ruin lives of millions to curb inflation”.
In the middle ages “Doctors” would bleed their patients. Raising inflation is the modern day “cure”, bleed the economy to save it.
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I hear what you’re saying, but IMO there is no way out of the economic mess that has been brewing since 2007-2009.(If not before)
Higher interest rates hurt, but without huge cuts to the money supply & Federal Budget, the economy shouldn’t become a “wreck.” If current interest rates wreck the economy, then the economy was an illusion, at best.
Also, the current administration can only make problems worse, by their idiotic “war on energy” & sanctions stupidity over the Russia-Ukraine War.
According to chart was over 17.5% in previous report.
I am painfully aware of what Volker the destroyer did in 1981. Wreck is the right word. We are going to throw the 25-35 age group under the bus to save us.
Bologna is $7.50/pd
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