NO.
Posted on 06/18/2024 7:55:21 AM PDT by Kaiser8408a
US Treasury Secretary (and former Fed Chair) Janet Yellen says the US economy is in excellent shape. Is she a genius and sees something that rest of us don’t? Or is she a partisan thug like Shap Shot’s Gilmore Tuttle?
Yellen brags about rising wages and declining inflation. Well, average hourly earnings YoY are now 4.1%. However, home prices are growing at 6.5% year-over-year (YoY) and electricity prices are up 6.1% YoY. Food CPI grew at 2.1% in May. Yellen ignores the string of 10%+ increases in 2022-2023 making eating unaffoprdable for millions.
I doubt if Yellen could run a lemonade stand in my neighborhood. But like Gilmore Tuttle, maybe she could run a donut shop!
(Excerpt) Read more at confoundedinterest.net ...
all part of the plan, this increases the wealth disparity, and then Democrats can run for office on that blaming it on greedy Republicans, when in fact their polices created it.
NO.
“home prices are growing at 6.5% year-over-year (YoY)”
People have dog-like brains. If it moves, it might be good to eat. Dogs used to chase cars when I was young. They seem to have changed their genetic material so they don’t normally do so nowadays.
People who buy stocks call this momentum I believe. If a stock is going up, it is safe to buy. If a stock is falling in price, avoid it like a falling knife.
My Democratic neighbors bought their ~3000sf Florida house almost 20 years ago after their relatives tried to sell their dead uncle’s house for $175,000 with not even a single looker.
The relatives make it known from time that they would like some of the price gains. My neighbors justly sneer.
“electricity prices are up 6.1%”
The future under Democrats will be far worse.
“Base load affected facilities that follow the CCS pathway must meet a second phase standard based on 90% capture of CO2, using CCS, by 2035”
“Baseload affected facilities that follow the low-GHG hydrogen pathway must meet a second phase standard based on co-firing 30% low-GHG hydrogen by volume by 2032 and a third phase standard based on cofiring 96% by volume low-GHG hydrogen by 2038”
“must”
She’s a dolt!
Asset prices, like housing and stocks, going up with lousy economic indicators means that inflation is appearing in those asset classes, pricing out average folks. Some genius…she and her Party are destroying the economy.
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