Posted on 04/10/2024 12:41:36 PM PDT by ChicagoConservative27
Inflation ticked higher once again in March, with consumer prices up 0.4 percent over the previous month and 3.5 percent compared to one year earlier.
The latest data marks the third month in a row that the consumer price index (CPI), a closely watched gauge of inflation, has come in hotter than expected, likely throwing cold water on hopes that the Federal Reserve would begin cutting interest rates soon.
(Excerpt) Read more at thehill.com ...
But another article on the Hill said the economy is hot... what gives??
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Economists seem to use different lingo when they want to project things differently. I’ve noticed in the last few years that when they talk about inflation, they say that the economy “is hot”.
It could be my cynicism, but I’m guessing that if inflation started going up under Trump, they wouldn’t have described it that way.
Of course, we don’t know, because Trump unemployment low, inflation low, and growth was high. I guess that must be “cold” or something.
“Putin’s Price Hike”
‘Me hate shrinkflation!’: Cookie Monster complains about US economy, White House responds
So the real cause of inflation is greedy corporations and Putin, Joe and the Cookie Monster said so themselves.
Rumors are $5/gallon gas by July 4th, $7 in California.
Inflation is caused by sellers of products being less urgent than buyers of products.
No, it is not interest rates not high enough. No it is not Milton Friedman and his monetary silliness.
Money is a substance created from nothingness by central banks. Nothing created by whimsy from nothingness need comply with or care about any Economics Laws.
How can there be such laws about a substance that comes from nothingness? Everything about it is whimsy and its value is defined by the imagination of counterparties.
Buy farmland. Calories are not defined by imagination.
I just bought two 5-gallon refills for the water cooler. Up over 35% from about a month ago. The tap water around here isn’t great, but I might be drinking that from now on.
Why but?
Hot economies create inflation as demand out paces supply.
We don’t know because of Covid.
What we do know is $35/bbl MAGA oil reduces inflation.
We also know that taking over for the most anti business administration in US history until the current one or being more pro business also reduces inflation.
The last thing is we also know that inflation, like regulation and taxation are the elites means of maintaining their place in the world while keeping the rest of us poor.
Maybe your part of the country is different. We are experiencing 20% inflation in my part of the country. They are cooking the books.
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