well, at least it DINT say Unexpected...
Posted on 07/13/2021 8:18:15 PM PDT by Olog-hai
Prices for U.S. consumers jumped in June by the most in 13 years, evidence that a swift rebound in spending has run up against widespread supply shortages that have escalated the costs of many goods and services.
Tuesday’s report from the Labor Department showed that consumer prices in June rose 0.9% from May and 5.4% over the past year — the sharpest 12-month inflation spike since August 2008. Excluding volatile oil and gas prices, so-called core inflation rose 4.5% in the past year, the largest increase since November 1991.
The pickup in inflation, which has coincided with the economy’s rapid recovery from the pandemic recession, will likely intensify a debate at the Federal Reserve and between the Biden administration and congressional Republicans about how persistent the accelerating price increases will prove to be.
The Fed and the White House have made clear their belief that the current bout of inflation will prove temporary. …
(Excerpt) Read more at apnews.com ...
Unexpected?
When the liberal press covers it..you know two things. .
It’s bad.
And they begging liberals to address it.
Uh, cause we gots a retard in the White Shack who can’t even figure out which shoe goes on which foot?
well, at least it DINT say Unexpected...
Congress’ Fault.
[Lame, they have long been.]
… until the Biden imposes price controls and things take a turn from very bad to the worst.
The. Fed has been increasing the money supply at 38% yearly. Guess where inflation is going.
From what I understand is, that elderly on fixed incomes reliant upon Social Security have their benefit raises based on Inflation Plus 1 percent. I’m very curious to see how the Gubmint will deal with this hyperinflation in regards to the elderly population’s Social Security increase.
Whose fault is it you Asspress slugs?
Remember, a raise in Social Security benefits may be slightly inflationary, but when the old timer dies the inflation ends.
Stimulus checks, unemployment benefits, or PPP loans may be inflationary, but when they stop the inflation ends.
Another point, if somebody uses any of these sources for debt liquidation, it won’t be inflationary.
If I withdraw $10,000 in Federal Reserve Notes tomorrow, store it for 5 years, that is hardly inflationary.
We are living in strange and exciting times from my perspective.
“From what I understand is, that elderly on fixed incomes reliant upon Social Security have their benefit raises based on Inflation Plus 1 percent….”
***********************************************************
There is NOT a “Plus 1 percent”.
Get those “whip inflation now” buttons out of storage.
You can wear them with the yellow stars for those who have not been vaccinated.
Bump
“The. Fed has been increasing the money supply at 38% yearly. Guess where inflation is going.”
It will go almost everywhere.
1) Real estate- Historically the most speculative or inflationary instrument.
2)Stock Market- Historically the 2nd most inflationary instrument.
3) Bond Market- Historically more stable than real estate or equities, but less growth.
4) Pricing on short term durable or non-durable goods- inflationary pricing is so marginal, it really doesn’t matter.Nobody goes broke because a rib eye steak went from 7.99 to 16.99, they just stop buying the steak.
The current inflation is also not just a monetary phenomenon. Producers are raising prices because “they can” and our supply chains are completely unsustainable.
We have too much overpaid unproductive fat in the United States. This Country needs a diet program.
I’m a manufacturer, if I raise prices- the customer has choice “buy or don’t buy”- So far they’re buying at least through September.
Historically the number one cause of inflation is bloating the money supply. There are plenty of local things which will make waves but inflation is the tide.
Lol
You’re correct.
Good analogy with the “wave and tide” comment BTW.
grocery workers, along with other questionable ‘essential workers’ are still getting ‘hazard pay’
besides teachers, this is another union whose vested interest lies in extending mask mandates so as to extend supplemental pay
2008 obama 1.0
2012 obama 2.0
2020 obama 3.0
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