Posted on 06/12/2022 5:37:34 PM PDT by PJ-Comix
On the heels of Friday's May inflation report revealing that the consumer price index rose 8.6%, the highest monthly increase since December 1981, Atlantic magazine seemed to go into a state of mourning bordering on panic.
Gone were the sort of heady days of last summer when administration hacks, quoted approvingly by much of the liberal media, would smugly declare that any increase in inflation was merely "transitory." Those times of self-reassurance have suddenly been replaced by utter despair which the title of Friday's Atlantic reveals, "How Did They Get Inflation So Wrong?"
You can almost hear a very sad rendition of "Taps" playing in the background as author James Surowiecki delivers an article that sounds like a sad obituary for Bidenomics.
(Excerpt) Read more at newsbusters.org ...
Bronco told us years ago that the days of relatively cheap food and energy were coming to an end. That his administration would “fundementally change” and “transform” this country. With his sock puppet Biden signing the orders and bills, that is what is taking place.
Any more perusal of economic statistics and they are likely to $hit Shiva!
I wonder what the zombie president will pull out of his diaper before the mid terms?
The Democrats will go deep into the Jimmy Carter playbook—and blame Americans for being selfish and greedy—and tell citizens to be patriotic and tighten their belts and put on sweaters when it gets cold.
Stevie Wonder can see it coming.
Jimmuh Cahtuh II
Somehow, One of those medium-range missiles land somewhere in downtown Moscow. The Russians trace the missile back to its source. Which happens to be a US aircraft carrier. 9,000 souls later, #46 goes on air to declare yet another day of infamy, yada yada...
What happened is that when the Federal Reserve lowers interest rates the financial top dogs sink their fangs into the futures market, sending commodity prices soaring.
The mortgages get lower interest rates, but lumber becomes unnaturally expensive.
If the Federal Reserve lowers interest rates, commodity future contract holdings should be limited to the customers’ usual and customary amounts by period. Mr. Lumber Futures Holder should only be able to hold as many lumber future contracts in June of 2022 as he did in on average of the previous five Junes.
For those not ‘Of the Faith,’ “sitting shiva” is the Jewish ritual of mourning.
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