The highest inflation in 40 years is deeply embedded in the economy and spreading

…Pollyannas everywhere are painfully learning that there's no magic cure. There's no easy way out.

After several years of excessive federal spending, regulating, taxing and money-printing, the highest inflation in 40 years is deeply embedded in the economy and it is spreading…

…Overall, the topline CPI came in at 8.3% for the year — food up 11.4%, even energy is still up 24%. Electricity is up 16%; natural gas 33%; new cars 10%. Even with the recent drop, gasoline is still 26% above a year ago. Rent is up 6.5%. Overall, services are up nearly 7%. Core goods prices are up 7%. Used cars are up nearly 8%. The so-called core inflation rate, omitting food and energy, has risen 6.5% annually over just the past three months. …









https://www.foxbusiness.com/media/l...on-40-years-deeply-embedded-economy-spreading








The author of this article is exactly right. Inflation is a scourge upon our society and the economy we live in. Bad government policies have triggered it and there is no easy cure.

 

Biden and his progressive allies will pay for the pain and hardships they’ve caused since taking office. The economist is exactly right about all that he said.

 

With the largest generation ever moving out of the workforce and into retirement, while remaining consumers, Supply is struggling to meet demand driving prices upward. Adjusting the interest rate to slow down demand is not going to work because Boomers aren't taking out loans.

Coupled with government printing money, it's the perfect storm for a major recession.

 

It is unless correct steps are taken now which won’t happen because they are anathema to the present fascists in the White House and congressional majority of both houses.

 

Thanks Biden!

 

Biden/Dems lit the hellfires of inflation, hard landing coming when the inflation collapses into deflation.

Biden/Dems devalued the money in your pocket.

Prices UP! UP! UP!

​

“Joe Biden and Cardi B: How Can He Justify Embracing Her?”, NRO, August 26th, 2020.

How it’s going: Cardi B. Is Furious Over Inflation and Rising Housing Costs: ‘Like how are people surviving?’

—Outkick the Coverage, today.

 

Yep, let’s go Brandon!

 

As I have posted, sometimes it takes real economic pain to teach a lesson! And these DNC overlords are dishing it out perfectly The poor tip the scales and the hungrier they get, the more they will turn on the folks in power

Hang tight, it's gonna be a very bumpy ride

 

Our secular progressive bicoastal elites absolutely love inflicting economic pain upon working and middle class heartland Americans and then to run salt in our wounds they flood the zone with illegal aliens to compete for what’s left and fentanyl to weed us out