Posted on 05/28/2021 10:15:13 AM PDT by E. Pluribus Unum
A key measure of inflation accelerated to a faster-than-expected 3.1 percent annual gain in April, the Commerce Department reported Friday.
The last time the core personal consumption expenditures index hit 3.1 percent was in May of 1992, when George H. W. Bush was president and inflation was still recovering from the stagflationary 1970s era.
Federal Reserve officials consider core PCE inflation, which excludes food and energy, to be their primary gauge of price stability, one-half of the central’s bank’s core aims in formulating monetary policy. The other half is maximizing employment.
Prices of many items fell last year as the pandemic struck and lockdowns were implemented in an effort to contain the spread of the virus. As a result, year-over-year measures of inflation are expected to be very high over the next few months, reflecting what economists call a “base effect.”
(Excerpt) Read more at breitbart.com ...
I don’t shoot black powder guns. I do have a 1873 Springfield 45-70 trap door rifle (made in 1882) and the bayonet. It belonged to my dad’s grandfather, who was in the Spanish American War (my dad died in March at 95.). He gave it to my father when he was 3 years old. For past 40 years is was over his fireplace mantle. It is at my home now. We are deeding his home to my niece, nephew and my daughter.
I do not have black powder, but the 45-70 was originally loaded with 70 grains of black powder and a 405 or 500 grain cast lead bullet. I will be loading it with smokeless powder. I have a 405 grain 45 caliber bullet mold, that works with it.
Best Regards my FRiend,
Dave K.
Thanks. Looks like I should shop for primers first before the gun.
I’m not a black powder guy myself but my friend got me to sign up for the muzzleloader tag for elk. Last year, 100% draw success for this unit. We had four people sign up and I was the only one who drew. Fortunately, my friend went for a mule deer tag and got one or I would have been Jeremiah Johnson.
What's life to track?
“Easy and fun to do…”.
Well, I bet you can find a muzzle loader. Unfortunately they are pretty expansive. But they are generally pretty accurate.
Is there a good person or website to follow for REAL inflation numbers?
I think all of the inflation numbers are pretty subjective. It depends upon the grouping of indicator items. Most of them are designed to minimize the appearance of inflation.
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