One has to smile at the spins we hear from of our very “Leftist” Media. This morning new inflation measures were released through the month of March. U.S. inflation is now at a 40-year high! Correct, our U.S. inflation is now growing @ 8.5% annually. So that means just to keep up with inflation, just to breakeven each one of us would need to realize an immediate 8.5% annual pay increase. But here’s the current Leftist Fake Spin: “Inflation’s not a problem because that number includes food and energy prices.” Is this not the dumbest thing you’ve ever heard? I’ve never met one person yet that didn’t need to eat to stay alive, have you? [Please write me if you’ve found someone/anyone who doesn’t eat food to stay alive]. Or how about Americans that don’t need to fill their tanks with gas? Not many of those folks around either; sure if maybe you live in inner city Chicago, or perhaps NY City you may not own a car yourself but you’re still paying when you take public transportation somewhere as it’s included in the price of getting around right? Which describes 100% of the population. The fact is that all Americans suffer in a runaway inflation scenario, even those who caused it in the first place, the Democrats! 🙂
[For more information as to why the U.S. is suddenly experiencing runaway inflation, please type into the search box on my home page “inflation” or “keystone pipeline” and you will be directed to articles as to why.]
All I ask is that Americans begin to recognize the incompetent idiocy that is coming [really] from all Leftist politicians (the Democrats) across our country. This includes the leadership in the U.S. Treasury as well as the White House as well as the Federal Reserve. What dumbass can possibly believe that every one of us is not greatly affected by runaway inflation in food and energy prices? Think, do you ever need to heat or cool your home or use electricity? Who believes electricity is derived from some sort of magical potion that excludes the use of fuel?
This exclusion of food and energy prices by the Federal Reserve in tracking “real” inflationary pressures in the United States has been a bone of contention with me for a long time, probably as long as when I first was made aware of their ways of excluding these categories. Let’s get back to “reality”, all unicorns running this country need to go to the funny farm, it’s going to be the only way to return us back to some “reality” and rescue us from this train wreck that Leftists have turned into our country…
Core CPI is ex food and energy (Nikes too).
CPI, the only # I use was up 1.2% (MoM) and up 8.50% (YoY). Soon we will start lapping our (YoY) numbers which is why our read of 1.2% (MoM) should wake the brain cell of all the leftist (yes, that was singular, not plural, single cell organism). The poor to the lower middle class will certainly be hurt the worst, the wealthy will simply add to their wealth.
The supply chain myth: Don’t buy it…
Whenever you pull an economy forward with free money you create excessive demand for everything. Excessive demand is inflationary, we now have a new everything, I-phone, computer, dishwasher, laundry machines, dryers and an extra Peleton (for sale). Questions; where is demand going to come from next? When?
I’m putting my money on another QE. We’re toast for a while!
Yep, yep, yep. The jury is still out on how long this hiking cycle will last. This economy is still fragile, and once we combine fragility with a Federal Reserve in “inflation denial” for over a year, those together create a mess known as a Federal Reserve that is way, way behind in the curve, the tightening cycle. I do not think we’ll get past three hikes, which would put my opinion in the “lone wolf” category. All these Fed pundits broadcasting on television that we’re in for 5 to 7 to 9 hikes? Do they know who’s President and Vice President? And look who is running Congress, these idiots, along with all their fake news media cannot even run a 1% GDP growth rate. The tightening cycle will end quickly, otherwise we’re looking at the worst pullback and subsequent recession since 2008. As long as incompetent Socialists (Democrats) keep getting voted in, the Federal Reserve will have to create stimulus after stimulus programs to float this bloated ship. Eventually the ship known as the United Socialist States burns down in a sea of debt, and we’re Venezuela all over again…