APR?
And what does that mean for Social Security aka “entitlement” recipients’ COLAs?
I guess this is old. There have been very sharp rise in gas prices last week or so!
My favorite gas station went up from $3.91 to $4.99 in few days!
The only solution is to give Ukraine more money.
money supply tweaks don’t fix skyrocketing energy costs, supply line shortages and insane regulations; bidenflation is structural, not fiscal
These people are idiots! U can’t exclude energy, because we have an ac distribution system that runs ac motors (it was invented that way). These motors are the real producers of our goods, so when the GW aholes started eliminating the fossil fuel and nuclear plants and are now selling our gas to those dinks in the EU, it drove electricity up causing the price of all goods to go up! The cost of electricity is baked in to the price of the article that is produced, and this is what the FED is seeing but are to dumb to realize it.
Go ahead and increase the interest rates to a 1000 % and it will not change the energy that goes to produce an item.
Where do the fed governor dumb asses come from?
People with any money are spending like there is no tomorrow, because the Democrats are destroying tomorrow.
The old adage use it or lose it, is now in play.
Every day the USD is losing buying power, smart people are buying houses they can rent.