- The consumer price index for all items rose 0.6% in January, driving up annual inflation by 7.5%.
- That marked the biggest gain since February 1982 and was even higher than the Wall Street estimate.
- Core inflation rose 6%, which also was a notch above expectations.
- Real earnings for workers increased just 0.1% on the month when accounting for inflation.
- Weekly jobless claims declined to 223,000, below the 230,000 estimate.
Well there you have it. According to the article, it is now pretty much a given that we will be seeing the sort of Fed rate increases that are sure to slow down the economy as well as inflation. Depending on how fragile things are we could be headed for just a minor slow down, or we could be headed for a recession.
We had an artificial recession a couple years ago during the initial phases of Covid as the country basically shut down. But more economists believe that we have been overdue for a cyclical recession for some time now. Whether or not that artificial slowdown bumped our cyclical recession out a few years is anyone's guess. But we are not exactly pushing economic happy policies right now. Fed increases when you are raising taxes and spending money on things "not" directly tied to economic stimulus is a recipe for economic problems.
32 comments:
Kputz's Cowgirl(*aka alky) you told us during 2021.
A, wages did not contribute to inflation
And
B, inflation was transitory
Oh and
C, Real wages have grown.
Told you , you had it spectacularly wrong.
Imagine what it might be if biden got his BBB additional stimulus through the Senate
Only worse.
Roger's Bleeding Pussy said we need an even higher min wage tied to inflation plus 1 %.
Guaranteed COLA.
He may have indicted himself because he couldn't be stopped.
While in office, the former president blithely flouted the Presidential Records Act, which required him to preserve written communications concerning his official duties.
Trump routinely tore up documents and after leaving office brought substantial written materials back to Mar-a-Lago.A Trump spokesman didn't respond to a request for comment about the plumbing matter.
Zoom in: Haberman’s "Confidence Man" — subtitled "The Making of Donald Trump and the Breaking of America" — will be published Oct. 4 by Penguin Press.
The publisher says it traces Trump's early life in New York and "his decades of interactions with prosecutors" — then follows him through four years in the White House, and on to his post-presidential life in Palm Beach.
The intrigue: This is the book Trump fears most. Among Trump aides, Haberman's book has been the most discussed of the bookshelf of books from reporters who covered Trump's campaigns and White House.
Several advisers were unhappy about his decision to talk to her as part of his marathon conversations with book authors at Mar-a-Lago. But they concluded he couldn’t help himself and couldn't be stopped. obsessive compulsive behavior. Mary Trump warned us over four years ago
K'putzs Cowgirl (aka Roger Amadick)
You posted the above on the wrong thread.
Please remove it and stay in topic.
I hope we could be headed for just a minor slow down, because the economic recovery in the last year, set all time job growth. If more people go back work,who have not yet done, they will pay taxes and enable the government to pay off the deficit.
Inflation is @7.5% year over year.
Wait until the FIFO Data shift happens.
It is far worse then being reported.
Kputz's Cowgirl posted this bag of spectacularly wrong info.
"
I hope we could be headed for just a minor slow down, because the economic recovery in the last year, set all time job growth. If more people go back work,who have not yet done, they will pay taxes and enable the government to pay off the deficit"
This is a driver of inflation.
Bidenomics build a bear has failed Americans.
Trump 2021-Jan $2.24
Biden 2022-Feb $3.47
Trump stopped being president ovet a year ago. Why so unwilling to discuss the current president?
Anonymous The Real Coldheartedtruth said...
I hope we could be headed for just a minor slow down, because the economic recovery in the last year, set all time job growth. If more people go back work,who have not yet done, they will pay taxes and enable the government to pay off the deficit.
Alky, stick to your TDS-fueled Trump obsession.
Every time you try and talk economics you go full retard.
Exactly CORRECT
ALKY can't speak intellectually about economics, he simply doesn't have the mental firepower.
Joe said his team is doing all they can to reduce inflation.
Has he cancelled his EO that attacked the US Economy and Energy?
Has he called PM Truddy and get the Keystone XL Pipeline restarted?
Has he cancelled his EO that attacked the US Economy and Energy?
BWAAAAAAAAAAAAAAA!!!! Please tell us how the EO has attacked our economy........asshat!!!!!!
Oh look Roger's Bleeding Pussy said:
If we could just get about $10 TRILLION in Covid aid and raise the minimum wage to $100/hour we could be out of this inflation tomorrow.
And the government can perform a lobotomy on your brain rat and rid the world of a dumb fuck!!!!!!!!!!
And the goat fucker again admits he can't answer a simple question and acts like an old Indian cunt......BWAAAAAAAAAAAAAA!!!!!
Answer, for the 29th time.
"On the first day of Biden’s presidency, he issued an executive order canceling the Keystone XL pipeline"
It jump started the inflation flame.
Joe also Attacked the Investor Class with his famous
"The former vice president, speaking at an event in Pennsylvania, said he wanted to end the "era of shareholder capitalism."
Dow year to date
35,241.59 -1,343.47 (-3.67%) year to date
Simple question for Roger's bleeding pussy.
What affect will LIFO have on yoy Inflation data going forward?
The alky is awful quiet about the DJIA today.
I can't imagine why.
It's only DOWN 526 points.
Let's Go Brandon!
Yep.....down Dow today and you instead of the goat fucker is talking about it...... Once again the loser KU asshole can only prove with another question he has no fucking clue......BWAAAAAAAAAAAAA!!!!!!!!! BTW....for the 7th time,,,,, keystone is not an answer!!!!!!! LOLOLOLOLOLOL!!!
Roger said the "Dow is rebounding".
Dead cat bounce.
Simple question for Roger's bleeding pussy.
What affect will LIFO have on yoy Inflation data going forward?
CDC Director Now Says To Just Do Whatever Texas Did 12 Months Ago
ATLANTA, GA—The CDC has released new guidance for how states should deal with the pandemic by telling everyone to just go ahead and do what Texas did 12 months ago.
"Yeah, we were pretty much wrong about literally everything. Sorry about that!" said CDC Director Rochelle Walensky to the press.
"It would seem the official science has changed. We should now be doing whatever Texas has been doing for over a year. To be clear, this doesn't mean Texas is good. They're still bad and we hate them. We just want to make sure that's understood."
The gathered journalists then began to scream towards the sky and hyperventilate at the thought of returning to some degree of normalcy, as well as the thought of Texans actually being right about something.
"I recommend we just drop all this and pretend it never happened," said Walensky. "I'm still gonna be paid my salary, right?"
"On the first day of Biden’s presidency, he issued an executive order canceling the Keystone XL pipeline"
For the 10000th time.....BWAAAAAAAAAAAAAAA!!!!! YOU REALLY ARE A DUMB FUCK!!!~!!!!
Blogger Caliphate4vr said...
CDC Director Now Says To Just Do Whatever Texas Did 12 Months Ago
America's new paper of record. The Bee is always a few days ahead of the curve with the accurate story.
Sure sign of stupidity is winning in America.......rat calling the Bee a paper........BWAAAAAAAAAAAAA!!!! As dumb as the goat fucker and his inability to post a single cogent answer.....LOLOLOLOLOLOL
Rat head would have exploded if it was a D!!!!!! BWAAAAAAAAAAAAAAAA!!!!!
Some records taken to Mar-a-Lago clearly marked as classified
The existence of documents officially labeled as classified in the trove — which has not previously been reported — raises new questions about why the materials were taken out of the White House.
Prince Charles... double vaxxed AND boosted, just contracted Covid for the SECOND TIME.
LMAO.
A lot of truth in this opinion.......the GOP is on the cusp of a major league breakdown!!!!!! And the slurpers will all go down with the ship of fools!!!!!
Today at 10:00 a.m. EST
By Jennifer Rubin
Columnist
|
Follow
Today at 10:00 a.m. EST
Opinion by Jennifer Rubin
At first blush, it’s hard to understand why there’s been such an uproar among Republicans over their party’s resolution that described the Jan. 6 insurrection as “legitimate political discourse” and censured Reps. Adam Kinzinger (Ill.) and Liz Cheney (Wyo.) for participating in the House select committee investigating the violence.
Opinions to start the day, in your inbox. Sign up.
After all, Republicans have said many ridiculous things about the attempted coup. One congressman analogized the violent assault to a tourist outing. Others, including defeated former president Donald Trump, described the rioters as patriots. Virtually the entire party has adopted or at least refused to refute the “big lie” that the 2020 election was stolen. Most Republicans say the leader of the “Stop the Steal” rally who invited the mob to the Capitol had nothing to do with the insurrection.
Nevertheless, something about those three little words — “legitimate political discourse” — has triggered a firestorm within the party and a rare diversion from the media’s obsession with Democrats’ political woes. The pundit class now mulls over the prospect that this could finally be trigger for an internal war between the MAGA Republicans and those who have, so far, been too cowardly to take on the instigator of the coup attempt and his cult followers.
To recap, Senate Minority Leader Mitch McConnell (R-Ky.) said on Tuesday the RNC got it wrong. Trump responded by saying McConnell didn’t speak for the party. House Minority Leader Kevin McCarthy (R-Calif.), after first scurrying away from a reporter who asked about the resolution, later said he agreed with it. Cringeworthy Trump flunky Rep. Elise Stefanik (N.Y.), who got her spot in GOP House leadership after the party dumped Cheney, gave the censure the thumbs-up, too.
Republicans react to RNC censure of Cheney, Kinzinger
Kinzinger chided McCarthy as “a feckless, weak, tired man, who is doing the bidding of whatever Marjorie Taylor Greene thinks is going to raise her money that day,” referring to the congresswoman from Georgia. Sen. Ted Cruz (R-Tex.), fresh from getting slammed by Fox News’s Tucker Carlson for describing Jan. 6 as a “violent terrorist attack,” said McConnell shouldn’t have used the word “insurrection” to describe the violence. RNC chairwoman Ronna McDaniel, who oversaw the censure debacle as it unfolded, shifted blame for the fiasco to Trump operative David Bossie, who spearheaded the resolution. McDaniel’s uncle, Sen. Mitt Romney (R-Utah), called the censure “stupid.” Other Republicans called it “absurd” or “embarrassing.”
LMAO.
Back at you asshole.!!!!!!!! He who can't find his own ass in the dark thinks covid is funny!!!!!!!!! BWAAAAAAAAAAAAA!!!!
Post a Comment