US Inflation Jumps To 7% YoY As Real Hourly Earnings Growth Crashes To -2.32% |  |
So my 5.9% Social security inflation raise is still -1.1% and shrinking?
US Inflation Jumps To 7% YoY As Real Hourly Earnings Growth Crashes To -2.32% | |
Let’s go, Brandon.
...the Taylor Rule model suggests a Fed Funds Target rate of … 17.84%. Bear in mind that the current target rate is 0.25%.
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The Fed, owned by the big banks, will be hard pressed to raise rates to 0.84%, never mind 17.84%
That is right and the sad fact is..I doubt prices will ever go back down. At least most of them.
The OBodyMortgagers.
#1 “industry” of this age: slavery.
The Millstoners
no, no, no...…
you see the economy is so incredibly strong, consumers are swimming in money and demand is through the roof. that’s why shelves are empty and inflation is soaring...….
And with 7% inflation, the Taylor Rule model suggests a Fed Funds Target rate of … 17.84%. Bear in mind that the current target rate is 0.25%.
Not sustainable. Jimmy Carter on steroids.
Wages on the low service sector end sky-rocketed and yet they are actually earning less dollar for dollar. Exactly what many said would happen.
I lived the Carter years and the Reagan years. Bought my first home with an interest of 13% and thought that was a great rate at the time.
Basically it is now costing the average person 20% more to maintain their life-styles.
The biggest difference I see is the ready availability of jobs and no workforce. During the Carter years, there we no jobs. This dysfunction warns of something seriously wrong in the economy and it is not a wage issue.
Second question: Look at the linked Table A-1. Dec. 2020 vs 2021. Notice anything odd? https://www.bls.gov/news.release/empsit.t01.htm
Yep, the Rats hated Trump so much that they we3e completely willing to destroy the country in order to wipe out his policies.
The Taylor Rule? LOL.
That’s some artificial construct designed to get “Taylor” his 15 minutes of fame.
Among the many casualties from this report should be the “Taylor rule” formula.
$600 to fill my oil tank.
Biden and the socialist dems are destroying this country faster than I could have imagined.
And the Dow is up over 100 right now.
It's always a good idea to exclude food and energy. Not everyone uses them.
As bad as the inflation is, at least you can find a job now. The Great Recession - prolonged for one miserable year after another by Obama’s idiotic policies - was far worse than even this.
This is why the Fed is not racing to raise the Fed Funds Rate.
2 weeks ago, whole milk-gallon- was $2.83. Paid $4.99 yesterday same brand.