Posted on 07/15/2021 11:03:04 PM PDT by knighthawk
The Biden administration's public signals that the jump in inflation come amid mixed signals from key White House officials, who huddled with former Treasury Secretary and inflation scold Larry Summers this week.
Just days after the government revealed a 5.4 per cent jump in inflation in June compared to last year, it was revealed that top Biden economic advisors met with former Treasury Secretary Larry Summers, who has been loudly raising the alarm about inflation.
He met at the White House with economic advisors Brian Deese and Cecilia Rouse – purportedly about infrastructure. The meeting came Tuesday, the same day the Consumer Price Index inflation figures were released, Bloomberg reported.
(Excerpt) Read more at dailymail.co.uk ...
No way! /s
And it’ll continue for years in no small part because the Fed *can’t* raise rates (at least not to any significant degree) due to the size of the deficit.
None of the solutions to this problem are pleasant.
Regards,
Forget the fact we are creeping towards 5 dollar gas and milk the last guy was mean on twitter
It’s just temporary!
Like the 2 week flatten the curve China Flu shutdown.
Yellen said inflation is no big deal and rate is effected by just a couple sectors...and all other sectors are normal. She lied her a** off.
Come on man! No way! Trump is mean!
Joseph Stolen is an idiot
Just end the stimuli. More people will go back to work, producing more goods and services to absorb all that money. Inflation will ease.
So easy a caveman could see it. I’m not sure what that says about this administration.
And yet these Rat morons were all on TV yesterday celebrating all the new free money going out via the child tax credit. Yeah that will slow down inflation, reap what you sow clowns.
Perfect storm scenario developing: (1) gov’t order to end no-evictions for apartment dwellers terminates on 1 August...meaning several million of such dwellers go to the street. (2) Gov’t order to end no-evictions for failure-to-pay mortgages comes to an end on 1 August (figure 1.5-million residences in this situation). (3) Gov’t debt problem coming to a spiral by mid-to-late August. (4) Banks currently showing signs of extreme toughness on loans, and stability problems.
I would suggest by mid-September to Mid-October, a whole of chaos is going to start up and the Biden team has no capability to handle this.
Two weeks to flatten the curve.
We simply have a criminal and lying democrat party led government.
Since 2000, the federal gov’t has spent 20 trillion it borrowed. This money was not taken out from the economy first, then spent....it was created from borrowing and pumped into the economy in one way or another.
You cannot pump a trillion per year, every year for 20 years into an economy and not expect inflation.
It all depends on what the meaning of transitory is. Well, it worked for Slick.
The White House met with the to see how they could speed up the destruction of this great Nation....they are here to destroy this country. Period!
Gas up another ten cents here and milk at 4.50 a gallon. Shelves are thin to bare at the local Walmart grocery store and goin out to eat requires a low interest loan now.
Hey Biden voters, enjoy paying a lot more at the pump and elsewhere.
Having a meeting with Biden is like visiting someone in a coma in a hospital.
You ain’t seen nothin’ yet. Hyperinflation is coming. We are already at Dhimmi Carter levels of inflation when calculated in the same way it was then. What is coming will be Venezuela or Weimar Republic levels.
PING!
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