[1Old Pro]

Today’s inflation report shows that inflation is accelerating, just the opposite of what Biden and Yellen have been saying, they are total liars.

[Sequoyah101]

I live in BF, Oklahoma. One of the ranking poorest counties of 77 in the state. I get notices of zillow homes for sale. The asking price for a double wide on an acre is in excess of $150,000. I don't know what the getting price is but the asking has more than doubled in two years and tripled in three. Even the price three years ago was absurd. I take absolutely no satisfaction knowing that the "value" of our farm has increased since we buy land to keep for as long as we are able.

Greed and stupidity has entered the sustained chain reaction phase. Biden and covid have created a malestrom.

[central_va]

There is also a growing need for increased spending as we continue transitioning to a greener economy

bs

[Tilted Irish Kilt]

Prepper Ping - The Bidenomics national economy isn't dealing effectively with inflation,
as it is too focused on short term, knee-jerk, reactions
Cloward-Piven economy concepts aren't working : possibility of more inflation seems likely

(from the article) :" Jamie Dimon, the CEO of JPMorgan Chase, issued a sober warning for the U.S. economy in his annual letter to investors this week."

"Dimon pointed to wars breaking out in Europe, the Middle East, and growing tensions with China as major drivers to economic uncertainty
which have helped fuel “higher energy and food prices, inflation rates and volatile markets.” "

" The crises on the foreign policy front are largely a reflection of President Joe Biden’s weakness on the world stage as America’s adversaries
have felt that they have more latitude in what they are able to get away with under the current administration, critics say."

" “It is important to note that the economy is being fueled by large amounts of government deficit spending and past stimulus,” Dimon said.
“There is also a growing need for increased spending as we continue transitioning to a greener economy,
restructuring global supply chains, boosting military expenditure and battling rising healthcare costs.
This may lead to stickier inflation and higher rates than markets expect. Furthermore, there are downside risks to watch.” "

"Dimon warned that too many were focused on the short-term and not nearly enough people were focused on the long-term trends
and what they could mean for the U.S. economy "
(The article continues..)

[JCL3]

Karl Denninger is doing a nice job of presenting reality also:

“Core, all items less food and energy, was also up 0.4, which annualizes to 4.91%.”
“Forget about rate cuts folks; I told you there was another impulse in the PPI and other data and here it is.”
https://market-ticker.org/cgi-ticker/akcs-www?post=251106