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Posted on 06/10/2026 7:24:06 AM PDT by Kleon
Inflation surged in May to the highest level since early 2023, as Iran war-related fuel costs worked their way through the broader economy.
(Excerpt) Read more at nbcnews.com ...
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And the hits keep coming.
Yawn, they say nothing when it is down and trumpet it relentlessly when it goes up.
Still a big lie because the lied massively all the Biden years, his inflation a never below 9% and imo and many others was in double digits the whole time.
Making this entire article a piece of lying propaganda, typical of NBC
November is fast approaching for the Iran War proponents.
“Yawn, they say nothing when it is down and trumpet it relentlessly when it goes up”
Who is “THEY”?? You think that inflation became a non-issue with the inauguration in January, 2025?
The pledge was not an abatement in Biden inflation, but a reversal: prices were to go down, not just go up slower.
The funny thing which everyone seems to forget was that for over a solid year we heard the President on a warpath to get Powell to lower rates.
Given the economic backdrop, there is no way in hell that a Warsh-led Fed can cut for the foreseeable future.
Maybe a few more UFC events and another few million dumped in the ballroom. Or a few more pronouncements on a ceasefire. All is well MAGA, MAGA, MAGA!
Once the war is finally resolved and oil starts coming back down, inflation will also start coming back down pretty quickly.
“Making this entire article a piece of lying propaganda, typical of NBC”
Sadly, it’s not the truth, it’s the narrative. America is filled with chuckleheads who use Facebook, and the Daily Show for their information. If the idiots can honestly be told inflation is up, look out in November.
> there is no way in hell that a Warsh-led Fed can cut for the foreseeable future <
I think you’re right. So folks (voters) will continue to pay higher interest rates. And prices won’t be going down. That will make Democrats happy.
(I make no comment as to the wisdom of Trump’s actions. That’s for another thread.)
The issue is not the “supposed rate,” the issue is people (maybe you as well) who have no memory of history and / or how much they are lied to in the media.
The post is as a compression, one which is obviously false, it is not the inflation itself but the lies you and others believe.
As such the fix is not to fix inflation but to fix the weak and inattentive minds who allow themselves to be deceived. This is achieved by truth out and educating said people to start critically thinking.
Buried deep in the article:
“Core inflation, which excludes food and energy, rose 2.9%, as expected. From the month before, it rose just 0.2%.
The disparity between the core inflation figure and the overall 4.2% rate was due largely to the impact of energy costs. According to BLS, energy accounted for more than 60% of the total increase in prices over the month. “
So basically is the cost of oil into gas- which has come down the past three weeks. Lets see what they say about the June report..
Woo Hoo!!!
And when will that be? Any meaningful amount of time before November for the economic effects to be felt by regular Americans? We're in day 103 of Trump's 4-day special combat operation. He's declared victory numerous times, yet it's still going.
“since 2023”
“Trump inflation still lower than Biden inflation” could be the headline. But no.
SO MUCH WINNING!!
That’s an outstanding case of argle-bargle.
Critical thinking my butt. Listening to you is like sitting in a math class and hearing the teacher ramble on about the origin of Arabic numerals.
I stay away from those silly betting markets, but I think I saw the chances of a Fed rate hike by September are “only” about 35%. Not that I will, but I’m getting sorely tempted to make some free money on that nonsense because... we’ve got a perfect storm.
- Budget deficits are exploding while GDP is slowing
- Government interventionism is increasing
- We’ve only just started to see the Iran war proxy effects start to work into the broader economy
Even beyond the CPI, there are other warning signs — rises in credit card/car loan/etc delinquencies and higher balances. Spikes in people raiding their 401ks. 10 YR over 4.5.
The problem isn’t a single bad monthly CPI — it’s that we’ve now got a 6 month trend that looks to be accelerating.
The good news — job growth remains steady and the markets are riding out the chop fairly well.
But the wondrous thing about free markets? They always self-correct, for better or worse.
2 more weeks to flatten the curve...
Trump probably figures, what the hell, at this point. He's 80 years old, and as long as he has a cultish following of red hat boomers and a 90% approval rating in Tel Aviv, I don't think he gives a damn
LOL! Even the bread-and-circuses parts are lame and disappointing!
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