Posted on 07/30/2022 4:17:53 AM PDT by Macky Cracklins
A key measure of inflation showed prices soaring by more than expected in June.
The personal consumption expenditure price index rose by 6.8 percent compared with 12 months earlier, an acceleration of inflation from the 6.3 percent annual gain in May, according to data released Friday by the Bureau of Economic Analysis. Economists had expected a slightly lower reading of 6.6 percent. This is the biggest year-0ver-year gain since January of 1982.
Compared with the prior month, the personal consumption expenditure price index was up one percent, a big increase from the monthly gain of 0.6 percent in May and above the 0.9 percent expected. This is the largest month-over-month gain since February of 1981’s one percent gain.
(Excerpt) Read more at breitbart.com ...
Debt vs Autonomy The unresolved conflict between Jefferson and Hamilton enables WEF hegemony.
Revision to how the Feds. gauge inflation in 3..2..1
Revision 6 to plan 12? 😊😂🤪
Nobody is looking at numbers; they are looking at their mounting debt as they struggle to pay the costs of housing, feeding, and clothing their families (and the work-related costs like gas to do so).
Biden is making it worse (especially with the massive wealth transfers to Ukraine), but these wheels were set in motion long before he was in office; Trump started the cash payments to people during COVID, and the revised tax law he signed wasn’t good for families with children 17 and over.
I see more and more workers using motorized bikes and scooters, even skateboards; the “ThirdWorldization” is in full swing.
Change the “rate of inflation” to the “transition index”. There much better...
Economists had expected
Ok...after all these years...who are these people? They seem to have a lot of expectations and very little to actually say.
Are they in think tanks? Academia? Goldman Sachs? Is there a guild or cult?
Can I go somewhere to read about their current expectations?
This is getting where people are almost longing for the days of Carter malaise and stagflation. When is the Joe Stolen/”Que mala” Harris regime going to try to re-introduce the metric system on all commerce and daily life of consumers here in the Untied States? Or completely forbid the further new installation of natural-gas home and industrial applications?
The Green New Deal has run into some massive roadblocks. And more money won’t solve them. Not even in the Ukraine.
At least “Jimmah” Carter didn’t hate the USA.
The left has failed in convincing people their lives will get any better; the Khmer Rouge understood they had to eliminate those who could recall better times before they came to power, and they specifically separated children from their parents (then worked the parents to death) to make that happen.
As we become more urbanized (though COVID set that back temporarily), younger people will find it more “normal” to never have a house, vehicle, gun, or children. When they get enough of those, then they will turn on those who have those things; look at the resentment and envy widely expressed today by young people at “boomers”. Rather than blame government policy (such as open borders, trade with Red China, etc.) for their lower standard of living, they are directed towards older people who generally enjoy a better standard of living. In some cases they are right to hold those views; how could anyone expect to warn young people that Social Security won’t be there for them while still docking their pay for it (to transfer to current retirees)? How can the government worker caste become our upper middle class while younger workers have to foot the bills (while earning far less money, with far fewer benefits)?
Many young people vote with their feet and move to greener pastures (hence the “brain drain” from the northeast to the south); the issue is how to deal with those people who stay behind (AND VOTE) in areas devoid of opportunity, and increasingly, of wealth.
I understand their plan, but it has no support among young people; it only works by keeping them ignorant and focused on enemies of the left rather than the perpetrators of their abuse. For example, many young people won’t connect the dots to see how areas hostile to business lose jobs, and freer states gain them; they lack analytical skills - and that was done deliberately.
Maybe some got a primer in basic economics when their favorite places closed during COVID; they needed to be taught that when a business can’t make money, it closes.
“Transition Index”, good one! Yep, that sounds like it just might work. All the Fed needs to do is take the consumer price index and multiply it by a transition factor, say 0.1.
Then a 6.8% inflation rise becomes a 0.68% rise. So small as to be insignificant!
Anyone who complains should just shut up. They obviously don’t understand new math.
“Core PCE prices, which exclude food and energy prices, were up 4.8 percent compared with a year ago. Economists had expected this to hold steady at the 4.7 percent gain recorded in May. “
Total joke.
Recession coming, opportunities will be everywhere.
Start planning now how to take advantage. We get these chances every 15 years or so.
In the “Musical Chairs” game, you can take away half of the chairs in one stop and watch the fights break out. It’s an “opportunity.”
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