Bidenflation
Posted on 04/12/2022 6:39:21 AM PDT by shadowlands1960
Sure would be neat to have a few Mean Tweets coming from the White House once more!
Psaki: Putin did this.
An easing in core inflation pressures took the edge off the fastest headline reading since 1981 as headline CPI surged to 8.5% in March.
Ya know, that trivial stuff
Sell in May and go away. If we get a nice rebound today I may move some of my 401 to a stable fund. Don’t feel comfortable in this market.
Yeah.. I love how the stuff they strip out to measure ‘core inflation’ just happens to be the stuff we all need...
In other words Putin owns the US economy and Joe had been effectively neutered. A win for Putin.
Everything is propaganda.
And in America, everything is a lie.
Yep. They’ve been monkeying around with the CPI for decades. It doesn’t reflect what really matters to people, the core items, i.e., food, energy, medical, etc. It’s a joke. People know what’s really going on by their weekly purchases. 7-8-9%, yeah, sure. Double that number and we’re in the ballpark. Wait until there’s a recession, and people are out of work. That’s when the rubber really meets the road. Not good. By that time, they’ll get us involved in another stupid war, as a diversion, and further screw the American middle and lower classes. My two cents.
Too many intangibles, and some of this makes no sense. If “core inflation” is easing then inflation pressures should also ease in the coming months and the Fed doesn’t need to be overly hawkish in raising rates. Lower energy costs for example means lower input costs, delivery costs etc.
If food prices are coming down, that’s a good thing but it could be a question of demand more than supply. People make different buying decisions forcing producers to get more competitive on price.
The market is up strong this morning, which could be an interpretation that inflation will not be easing as investors believe the big cap stocks will keep pace with inflation. Also, oil is up $5 at the moment - so much for “core inflation easing”.
“On a monthly basis, inflation was up 1.2%...”
Compound Annualized, that’s over 15%. Right now. And they changed how they measure it. If they did it the same as when Carter was pres, it would be around 22%.
Which makes sense, if you look at food, gas, and power. You know, essentials.
“Everything is propaganda.
And in America, everything is a lie.”
Everything Fed and msm is a lie.
They pretend prices are not out of control and the media pretends if they are it is due to Putin.
Welcome to the Weimar express.
From my spot checking of various items, some I buy and some I occasionally buy, 20% seems about right for food prices. 12%-25% depending on the item. Meats and fish maybe not as much but that could have to do with them being perishable so they are more price sensitive - sell them or throw them out. Canned and packaged goods much higher inflation.
Since when was Wall Street a reflection on reality?
BINGO
Yep, BIDENFLATION
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