patrick.net

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.

Throw more money that will fix inflation.

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.

Throw more money that will fix inflation

Coastal bougies are also suffering from the catastrophically fraudulent 2020 election and lockdown policies.

We are all being subsidized…

Americans living high on the great China manufacturing subsidy, compliant elves in Santa’s workshop that seemingly work for free much like the presents that come down through the chimney.

At the Walmart in Florida panhandle

Another thought I have a lot:

Though you can't import slaves, you can export work.

Shock new research for DailyMail.com lays bare brutal toll of inflation under Biden — as we break down why American families are paying a staggering $5,915 more on everyday items
Item by item, we reveal what consumers are paying right now, and what they SHOULD be paying were it not for 12 months of runaway 9.1% inflation
Comprehensive analysis by DailyMail.com found the 45 products that were most frequently burning a hole in the pockets of the average urban shopper
Price rises for gasoline (59.9%) are well known, but many everyday items have jumped: Among them, eggs are up 33.1%, chicken up 18.6% and men's suits are up 24.9%
The typical U.S. household $5,915 cost spike is a hefty rise for households on the median income of $67,521
Families have cut back on everything from Friday-night treats to groceries and travel to make ends meet

A recent survey from Suffolk University/USA TODAY (pdf) reveals that 45.3 percent of Americans have had to cut back their spending on groceries.

59.4 percent also said they are eating out less often as a result of inflation.

Another 48 percent of respondents said they are driving less due to soaring gas prices.

Meanwhile, 45.4 percent said they are postponing or canceling vacations or travel plans amid rising costs.

jeez you guys, who’s doing the PR for chipotle, marie antoinette?

because this kinda sounds like “let them eat cake because they sure are not gonna be able to afford burritos…”

jeez you guys, who’s doing the PR for chipotle, marie antoinette?