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Inflation costing Americans an extra $460 per month, analysis says
https://nypost.com/2022/06/10/inflation-costing-americans-an-extra-460-per-month-analysis/
Inflation costing Americans an extra $460 per month, analysis says
notthebee.com/article/come-read-this-thread-on-why-inflation-is-way-worse-than-theyre-telling-you
I also think inflation is clearly far higher than the supposed 8.5%.
https://thegoodcitizen.substack.com/p/i-am-uncle-sams-inflation
Here’s my alternative view; what if monetary actions mostly serve to impact the price of risk assets, while fiscal mostly impacts the economy’s growth rate, and government policy mostly controls for inflation? As I’ve experienced the interplay of these three factors over more than two decades as an investor, I increasingly think that this is the case.
RNC Research
@RNCResearch
1h
Q: “Would you say that the war in Ukraine is the primary driver of inflation in America?”
Fed Chair Powell: “No. Inflation was high before, certainly before the war in Ukraine broke out.”
Edward Dowd
@EdwardDowd
Jun 23
We have twin policy errors.
First error: The energy policies of the US & EU coupled with supply chain breaks are primarily responsible for inflation. This is the first commodity cycle where the $DXY has had a concurrent rise with commodities suggesting mostly policy not monetary. Throw in Ukraine war and it’s an accelerant.
Second Error: The Fed is tightening into a credit contraction caused by first error.
Unless the Fed reverses course we are headed for a very hard landing.
Elections in fall are key to reversing first error. Any event that disrupts elections will cause things to become even more unhinged.
RC2006 says
Throw more money that will fix inflation.
That money is to buy votes.
https://www.cbsnews.com/news/stimulus-check-california-inflation-relief-payments-23-million-up-to-1050/#app
Throw more money that will fix inflation.
Rising interest rates turned off the spigot for money-losing start-ups, which, combined with energy inflation and rising wages for low-income workers, has forced Uber, Lyft, and all the rest to make their services more expensive. Meanwhile, global supply chains haven’t been able to keep up with domestic consumer demand, which means delivery times for major items like furniture and kitchen equipment have bloomed from “three to five days” to “sometime between this fall and the heat death of the universe.” That means higher prices, higher margins, fewer discounts, and longer wait times for a microgeneration of yuppies used to low prices and instant deliveries. The golden age of bougie on-demand urban-tech discounting has come to a close.
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https://patrick.net/post/1344548/2022-04-11-putin-s-price-hike-failing-administrati
Frankly, I prefer my spaceship to have big tits and not fake inflated ones.
EDIT - numbers drop:
America goes back to the 80s: Surging gas prices and higher rents push inflation to 41-year high of 8.5% as White House blames it on Putin invading Ukraine
The consumer price index rose 8.5% in March from a year ago, the fastest increase since December 1981
Housing costs, which make up about a third of the index, have escalated and show no signs of cooling
Gasoline prices soared 49% in March from a year ago as the war in Ukraine rocked energy markets
Biden's administration tried to get ahead of the dire inflation news by blaming Russian leader Vladimir Putin
But Republicans place the blame for soaring prices on 'Democrats' reckless spending and failed policies'
https://www.dailymail.co.uk/news/article-10711311/Inflation-soars-new-41-year-high-8-5.html?source=patrick.net