Posted on 06/25/2021 10:31:03 AM PDT by Recovering_Democrat
Core personal consumption expenditures, the Federal Reserve’s preferred inflation reading, rose in May by the most in nearly three decades as the U.S. economy continued to gain momentum while COVID-19 lockdown restrictions eased.
(Excerpt) Read more at foxbusiness.com ...
My cost of living increases can’t keep up. Especially since I’m not getting any COLA. Thanks pedo jo and friends. Easy for them since they ain’t paying for anything out of their own pockets. Still pickin’ ours.
It is going to reach over 10% yearly. soon. Probably over 20 by years end.
The xiden economy
The solution is simple. The Feds should just invent a new way to measure inflation. Maybe one that finds inflation to be running at a tame 1% annually.
And I only half-kid here. The federal government is always finding new ways to hide the truth. That is, in fact, one of their specialties.
I like that.
The solution is simple. The Feds should just invent a new way to measure inflation.
Most people don’t know the Fed is constantly changing the methodology used to create the measurements. However, there is an organization( Shadow Stats) that reports inflation statistics using the methodology employed 1990 and the methodology employed in 1980. Needless to say inflation is much higher based on the old measures. Here’s a link:
http://www.shadowstats.com/alternate_data/inflation-charts
Let’s see, the lockdowns stifle a working booming economy, create supply bottlenecks, shrinking supply and the politicians and the fed flood that stifled economy with trillions in money borrowed against the future - classic excess dollars chasing too few goods always spells inflation.
Interesting link. Thanks.
bttt
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