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Posted on 11/09/2021 2:42:41 PM PST by Mount Athos
The Producer Price Index (PPI), which measures inflation at the wholesale level, rose 8.6% year-over-year as of October, growing at a record rate for a second straight month, the U.S. Bureau of Labor Statistics (BLS) announced Thursday.
The median consumer expectation, a key inflation indicator released by the New York Federal Reserve, showed an expected 5.7% spike in inflation over the next year, the greatest expected increase reported since the metric was created in 2013.
(Excerpt) Read more at dailycaller.com ...
You ain’t seen nothin yet.
That’s my take also.
It will wind up totally killing Social Security in five years.
Inflation is just getting started.
The country voted for this disaster and is about to get a painful lesson in economics.
Lets Go Brandon.....ahole
Jimmy Carter thanks the Lord daily for Joe Biden....
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Tomorrow, at 8:30am Eastern, they release the CPI increase for October.
FJB
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Is this a surprise?
The painful lesson will be what happens when inflationary expectations kick in throughout the economy.
The psychology of inflation has not been seen for fifty years—it is gonna shock everyone who did not experience it during the Carter years.
This is more than economics—this is what happens when people panic and start dumping money in favor of goods.
I thought inflation was good for us now.....
A lot of people are going to get badly hurt by this sudden increase in inflation. We are already in an asset bubble of historic proportions, and now we are about to experience powerful inflationary forces.
Its time to start taking precautionary measures to protect yourself as best you can. This could go on for quite awhile.
Hopefully, we'll get an increase in our chocolate ration.....
Whatever the CPI turns out to be the White House (and its allies in the media) will say its good and beneficial.
Hopefully, we’ll get an increase in our chocolate ration.....
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Get ready for ration tickets. Shortages will become a way of life in the new USSA.
Too late, everybody died last month.
Good News: Stole gas for $2.94.9 (40 cent discount at City Market.
Bad News: Hamburger was $7.50 a pound, yikes.
I thought inflation was good for us now.....
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So are energy shortages. As is unchecked immigration.
You must get with the program, comrade.
#BareShelvesBiden
There is only one way to stop it—and the Fed would have to crash the test-dummy economy right through the windshield to do it.
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