Consumer Debt Explodes Higher as Americans
Grapple with Bidenflation
Posted By: ladydawgfan, 11/6/2021 10:44:51 PM
Consumer borrowing accelerated by far more than expected in September, as American households dealt with rising prices by swiping their credit cards and taking out more loans. Total consumer credit increased $29 billion, up from a $13.8 billion gain in August, according to data released by the Federal Reserve Friday. Economists had been expecting a $15.5 billion gain, according to Econoday. That’s a monthly gain of 0.7 percent, well above the decade average of 0.4 percent. Compared with a year ago, consumer debt is up 4.9 percent. Consumer prices rose 0.4 percent in September and were up 5.4 percent compared with the prior September.
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The COVID pandemic is over.
Thanks to the work of President Donald Trump, a vaccine is widely available to anyone who wants it. And, coming from that research, a new pill from Pfizer that cuts the risk of death and hospitalization by 90 percent in individuals who contract COVID, is in front of the Food and Drug Administration for approval.
Those who want to protect themselves from COVID can do so easily, and those who chose not to take advantage of the vaccine or the pill (when it is approved) are in any event are unlikely to die from the sickness.
Liz Cheney Sparks Further Speculation
She's Running in 2024 As She Rails Against
Trump in NH Speech 1 reply
She's Running in 2024 As She Rails Against
Trump in NH Speech 1 reply
It made for a good laugh a few months ago when Rep. Liz Cheney (R-WY), a particularly fierce critic of former President Donald Trump, indicated she wasn't ruling out a run for president in 2024. Her actions as of late have only fueled further speculation that she really is going for it. On Tuesday night she not only publicly railed against Trump before a large audience, but she did so in New Hampshire. As the first primary state, even just stepping foot there can get people talking. [Tweets]
Rep. Cheney made her remarks at St. Anselm College’s Nackey Loeb School of Communication.
The American Experiment
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Is the Biden administration governing in a way that takes into consideration the will of the American people? Based on his plummeting poll numbers and crude anti-Biden chants filling sports stadiums, the answer would seem to be no.
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Today we celebrate Veterans Day, a holiday that honors all American veterans, living or dead, who served their country honorably during war or peacetime.
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Consumer borrowing accelerated by far more than expected in September, as American households dealt with rising prices by swiping their credit cards and taking out more loans.
Total consumer credit increased $29 billion, up from a $13.8 billion gain in August, according to data released by the Federal Reserve Friday.
Economists had been expecting a $15.5 billion gain, according to Econoday.
That’s a monthly gain of 0.7 percent, well above the decade average of 0.4 percent. Compared with a year ago, consumer debt is up 4.9 percent.
Consumer prices rose 0.4 percent in September and were up 5.4 percent compared with the prior September.
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The Daily Beast and the local Fox News affiliate reported on the development, both refraining from using the name of the girl or her mother, who spoke to the media about her daughter’s experience.
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Biden is struggling to address
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Sorry Hillary Clinton, but Kamala Harris is the official “Queen of Cringe”. As horrible as Hillary was, Kamala seems to make basic human interaction even more cringeworthy. That leads us to today, when Harris spoke with scientists at the Pasteur Institute in Paris in a cringe fake “french” accent.“We campaign with the plan … the plan,” Harris said with a strange accent.“The environment is such that we are expected to defend the plan,” Harris said. “Even when the first time we roll it out, there may be some glitches, and it’s time to reevaluate and then do it again,” she added.
Microsoft founder endorses Police State to deal with COVID-19. The world’s most influential “public health” advocate has come to seemingly doubt the technology behind mRNA injections, following their deployment into more than 7.34 billion arms worldwide. A little-noticed interview from last week with a U.K. think tank saw Microsoft founder Bill Gates make some incredible statements about his most prized “solution” to the pandemic.
Don Lemon sends legal letter to Megyn Kelly
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The letter accused Kelly of allowing listeners to be fed a “lopsided and inaccurate” story about what occurred between Hice and Lemon. [snip] In the letter, the attorney asked Kelly to correct her “reckless” reporting and public statements. “I hope you will correct your reckless reporting today, and the prior public statements you have made about this case — statements that demonstrated a reckless disregard for the truth and absolutely no effort on your part to try to ascertain the facts.”
Comments:
Food prices are up. Gas prices are up. Household utilities are up. Interest rates are up. Yup! Definitely a dem in office!!