Eighty-five percent of the registered voters had said they were “at least somewhat concerned about inflation.” This includes the 45 percent who have said they feel “very concerned.” It was reported that the “consumer price index rose 0.6 percent last month as the economy continues to recover from the coronavirus pandemic.”
But that’s ok, most have confidence that Biden and the Federal Reserve can stop it.
They just disregard the fact that the Fed is the problem.
The Fed Chair stated he would keep interest rates at zero. “Keep” … as in NOT temporary.
I’m sure that will lead to continual temporary inflation … depending on what the definition of is, is.
Most people don’t know what inflation is.
Most people don’t know what the Federal Reserve does.
Most people don’t know there is a Federal Reserve.
Nice poll though.
And most people in government know that.
Most people don’t know that the FED is NOT Part of the US Government, but a Private Enterprise. Run by ELITE GLOBAL Capitalists.
No end in sight.
I work at a farm supply store. Just about everything we sell went up 10% this week. Everything from wooden fence posts to cattle gates to plastic tubs.
Wait for that to trickle down, gonna be a painful fall/winter
Many things are needed and have to be purchased but if we stop buying, the end result will be dramatic price decreases. Even cutting back causes the supply to increase and the price to drop.
When ESSENTIAL goods and services (food, energy, taxes) spiral ever higher … capitalism shuts down. People hunker-down and do NOTHING. They spend NOTHING on non-essential goods or services. And the economy comes to a standstill.
This just might be Biden’s (handler’s) FEATURE … not bug in their plans for unprecedented FEDERAL spending, CRUSHING capital gains taxes, and ZERO interest rates. They are acting as though they WANT to drive America (and the world) into a Depression.
… needing “rescue” by a great RESET.
… building back better …
Welcome to the world of stagflation. 20 to 30 % interest and the economy is going to die. Once rich people figure out they can make more money owning real estate than mortgaging it, things will happen quickly.
Helpful Hint: Ronald Regan bought us thirty years. Time’s up.
I’m sure it’s only transitory………..
https://www.freightwaves.com/news/container-rates-rocket-even-higher-and-theres-no-end-in-sight
“Another week, another record for container shipping spot rates. And alarmingly for shippers, upward rate momentum is accelerating…. and the premium charges on top of spot rates are now so high that index rates no longer capture the true cost of ocean shipping…..(The supply-demand) balance is tipping more to the detriment of cargo shippers with each passing week.”
“It clearly appears that supply chain problems are worsening and not improving,” warned Lars Jensen, CEO of Vespucci Maritime.
Another interesting tidbit from “FreightWaves.com”…………
https://www.freightwaves.com/news/home-depot-now-has-its-own-ship-thats-an-ominous-sign
Home Depot now has its own ship. That’s an ominous sign. As congestion chokes ocean carrier service, some shippers are taking matters into their own hands.
The move underscores just how tight trans-Pacific capacity has become and how worried retailers are about getting goods on shelves at any cost.
Home Depot is among many retailers hit by a global shipping crisis that has led to delays and rising prices.
Experts say holiday season shopping may be disrupted by limited stock and higher prices.
I can’t recall any other time in my life, even in the 1970s, when you had to wait a whole year to take delivery on a new pickup truck. Friends recently received their new RV that they ordered a year ago. Computer chip backlogs appear to be the main culprit, but when precious capital is being hoovered up by rapacious government budgets, a chronic inability for supply to meet demand is one of the consequences.
Inflation is a myth. Prices are higher, that’s all. It’s transitory. For sure food and fuel prices will drop. Stop the fear mongering.
Oh, whew! Thank god. I was worried there for a second. /sarc
Any links/data/evidence to back up your pronouncement?
Of course no data, only feeeelings. I’m a progressive so facts are unimportant, and probably racist.
Always wrong but never in doubt, that’s how I roll. TY mini-Pierre aka cabin boy, aka the boy blunder’s reign or error.
Oil could hit $100 bbl next year. That will add to the cost of everything just a wee fucking bit.
Maybe Juthtin can increase the carbon theft tax yet again and U Ain’t Black Joe can start one up in the US.
That should help along the Great Reset.
Well, it was $147.00 bbl not that many years ago. Paid a $1.36 a liter in July 2013, and in NFLD that August we paid $1.86 a liter. 2014 $1.35 a liter. By December of 2014 it had dropped to .95 a liter. Jan 2015 it got down to .83 a liter. The carbon tax should be a serious worry for Canadians as the actual supply and price of oil has been fairly stable for the last few years. The government is your only enemy.
Heaven forbid that western Canada (or Russia!) be paid a fair price for a product without which industrial civilization is impossible.
If living standards must fall in the western world, let it be in the parts that produce nothing but shit cheques and Jew-hate. They’re overdue for their turn to go on the Maduro/Mugabe Diet Plan.
You are delighted that home prices have gone up tremendously; thinking about how much money you are potentially worth. Just wait until you get your real estate tax notice!! And don’t think renters are going to not see prices increase as your building owners will need to pay for increased taxes.