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The Inflation Numbers Are out
and We Are in Trouble

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Posted By: Imright, 5/12/2021 10:59:40 AM

The government report on inflation has been released, and it’s not good. Inflation hit 4.2% in April, a crushing blow to the poor and middle class especially. This followed on the heels of stagnating hiring shown by last week’s jobs report (see New Jobs Report Is the Worst Miss in History as Biden Administration Failures Mount). (Tweet) Remember, the consumer price index doesn’t even include things like lumber so this number is likely lower than reality despite still showing an out-of-control rise. That rise is directly timed with Biden passing his COVID “relief” act that printed trillions of largely unnecessary dollars.

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Reply 1 - Posted by: SALady 5/12/2021 11:08:03 AM (No. 783004)
Elections have consequences -- especially stolen ones!!! If you "elect" a hard-core socialist government, what do you expect? Nothing good will come out of this 4 year reign of terror!!!
22 people like this.

Reply 2 - Posted by: bassman 5/12/2021 11:41:05 AM (No. 783055)
You go Biden...Jimmy Carter is rooting for ya!!
6 people like this.

Reply 3 - Posted by: AltaD 5/12/2021 12:15:54 PM (No. 783116)
FTA: anyone who has been to a grocery store or hardware store lately can see the inflation with their own eyes. For well over a month, when looking at the weekly grocery store flyers online I've paused and thought -- 'Wait, that's the sale price?' No matter how much Krugman and his cohorts try to deny it, inflation is here.
10 people like this.

Reply 4 - Posted by: DVC 5/12/2021 12:33:40 PM (No. 783144)
I've been discussing strategies for this with my investment advisors since late November.
2 people like this.

Reply 5 - Posted by: formerNYer 5/12/2021 12:48:07 PM (No. 783166)
Dow down 500 points yesterday and 400+ today - expect the dow to be under 30,000 by the end of the year. I put my money in very safe investments after the election. Diaper joe and his minions haven't a clue.
2 people like this.

Reply 6 - Posted by: stablemoney 5/12/2021 1:11:20 PM (No. 783209)
Krugman, through his grizzled beard and decayed teeth, says governments underspend. Then, we have Larry Summers who says we have a labor shortage, while Americans sit at home. Dr. Fauci says we need to stay at home and consume, producing nothing. Then we have the BidenObama presidency that says we didn't build that. They sure have never built anything. Somebody did, and it was not any of these communists.
6 people like this.

Reply 7 - Posted by: Jethro bo 5/12/2021 1:12:10 PM (No. 783210)
Now I understand why Biden visited Jummah Carter last week. Needs a little insight on how to make things worse.
8 people like this.

Reply 8 - Posted by: LC Chihuahua 5/12/2021 6:37:37 PM (No. 783580)
30 trillion in debt will do that. Has something happened to the dollar that nobody is talking about? Its like it has been devalued. Biden/Obama would let that happen.
1 person likes this.

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