Posted on 04/10/2024 11:57:22 AM PDT by Kaiser8408a
Funky cold Joe Biden is his reaction to inflation caused by his outragous spending. His legion of sycophants are now saying inflation is a good thing or don’t notice it. But Biden will never stop spending .
Coming into today’s CPI number, which followed three previous red-hot inflation prints, we said that it’s time for a “miss” (the first of 2024) not because the data demands it – on the contrary, prices continue to rise at a frightening pace – but because a dovish CPI print today would be the last opportunity for the Fed to set a timetable for a rate cut calendar ahead of November’s election.
Well, you can wave goodbye to all that, because we just got the 4th consecutive “inflation beat” in a row…
… with supercore inflation coming in blazing hot…
It’s about to get even worse: recall today we have a $39 billion 10-year auction which is already being dubbed “sloppy” and a definitive break of 4.5% could easily extend if underwriting dealers are left holding the bag. As it stands, the 10yr has popped above the 4.5% parapet. Ian Lyngen at BMO Capital Markets says:“We expect the setup to the auction will break 4.50% in 10-year yields with ease.”
Obviously, this is very bad news for Joe Biden. It’s still only April, and we’ll have another half-a-year’s worth of inflation reports before the election. But we’re approaching the point where high inflation is bound to still be in voters’ minds when they head to the polls, regardless of how the price figures come in over summer.
(Excerpt) Read more at confoundedinterest.net ...
Retarded Speaker Johnson is complicit.
3.8%!?! That’s Rich! I’d thank the Lord for an actual 3.8 inflation rate in Biden’s Amerika.
The following was recently posted in a neighborhood online comment site in N. California:
“I went to the gas station on sunday to get gas for my lawn mower and it was 4.99 a gal at the speedy station.I haven’t bought gas for a few weeks so i just chucked it up ‘o well’
Today Monday, the 8th one day ahead i decided to wash the wife’s car and fill it up for her.
the same station and the same pump 5.29 .a 30 cent a gal more in one day .
WOW .i need to get into the gas station business. I wrote a post on the school bond issue and it went crazy . what is happening to the state of california . no wonder everyone is moving out
Better buy your gas today because tomorrow it might be 6.00 a gal . Chevron is over 6.00 for supreme
It’s the best economy the world has ever seen. Everybody knows that. And they aren’t feeling it, then they’re racist.
Funky Joe: Do we need to print more money? That’s what the teleprompter tells me.
Makes one wonder how safe they are with all the people that voted for him and still walking around and burning American flags.
Maybe they actually meant 3.8% per month. That would be closer to the truth.
You know… “core” inflation…TVs and cellphones.
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