Inflation between 10% and 15% seems about right. Congratulations Biden, you are beating Jimmy Carter.
The market bounced back from those numbers only to crater after A Fed person made a comment.
Real inflation is over 15%. We are getting creamed. Right when I retire and stop getting raises, too. Worst still, I am between houses and caught with no inflation hedge besides a few gold coins. Nuts!
I’ve wondered why we don’t quit using the penny for a long time, now you got to wonder why we use any coinage.
Well, inflation did not start with Carter or Biden. It actually started with Woodrow Wilson.
An item that cost $1.00 in 1913 currency will cost you $28.40 in today’s fiat currency.
That my friends is a 2739.9% inflation rate, thanks to Woodrow Wilson and his “Federal Reserve”, which is neither federal nor a reserve.
When you live in an alternative universe, reality is moot.
Welcome to Bizarro World.
Biden would be better off saying nothing and hiding in the basement. When he does something, it becomes worse.
This was 100% predictable when they sent those “stimulus” checks. Inflation is caused by government actions, and is done on purpose. Inflation makes the numbers go up, which lets them claim that the economy is getting better. It isn’t. You’re just seeing higher numbers, and a brain-dead public laps it right up.