Wait. Didn’t The ‘Experts’ Tell
Us Inflation Had Peaked Months Ago?
Issues & Insights,
by
The Editorial Board
Original Article
Posted By: RockyTCB,
6/13/2022 7:24:04 AM
Inflation in May hit 8.6%, the highest level since 1981, much higher than the expected 8.2% increase, and despite all the “expert” predictions that inflation had already peaked.
Is it any wonder that nobody believes what the elites tell us anymore?
President Joe Biden said on Friday that he “is going to continue to do everything we can to lower the prices for the American people.” Like what? By attacking oil companies and blaming Putin? If the experts were right, Biden wouldn’t have to do anything, because they were all exclaiming in April that inflation had peaked and would soon be heading downward.
Reply 1 - Posted by:
Troutgreen 6/13/2022 7:38:50 AM (No. 1184311)
Experts, you say? Reports come out...jobless claims, stock market movements, oil supplies,
polls of all kinds, crime figures,...and experts are always surprised. Always. Especially economists. Numbers are predictably higher or lower than the experts expect. Eff the experts. Go buy a tank of gas or a pound of hamburger. Get back to us on what you say about inflation.
15 people like this.
Reply 2 - Posted by:
homefry 6/13/2022 7:40:49 AM (No. 1184316)
Experts? An EX is a has been, and a spurt is a drip under pressure.
quid pro joe also said that gas would be 3 bucks a gallon by now.
8 people like this.
Reply 3 - Posted by:
montwoodcliff 6/13/2022 7:50:09 AM (No. 1184325)
What is happening in the economy today is exactly what Paul Krugman predicted for Trump in 2016!Why would anyone believe him now. Mark Zandi is another loser. What happens with the economy now is up to the price of oil and the Fed—oil because the world runs on it, and the Fed because it controls short term interest rates. Trying to put the oil producers out of business was a bad, and spiteful, idea.
11 people like this.
Reply 4 - Posted by:
Jethro bo 6/13/2022 8:33:56 AM (No. 1184373)
Is it any wonder TV is so screwed up and pitiful. Seems every 'personality' TV hires has to be FUBAR or have FUBAR parents.
5 people like this.
Reply 5 - Posted by:
Clinger 6/13/2022 8:39:13 AM (No. 1184382)
They (not necessarily Joe) know exactly what caused it and why it hasn't abated. Until the ratio of Currency/Production stops increasing inflation won't subside. Until they stop flooding the economy with new money and placing restrictions on production, inflation will continue to run all the way to the Weimar Republic. They like to pretend it's complicated, in fact gaslighting us into believing so, in the hopes that we won't figure out that we have been robbed by our own government through currency manipulation.
10 people like this.
Reply 6 - Posted by:
MDConservative 6/13/2022 9:27:54 AM (No. 1184417)
I know many would prefer to turn a blind eye, but $14 TRILLION of COVID "emergency" spending was appropriated in that panic, and PDT's signature made it possible for Congress - stimulus, paycheck protection, "Warp Speed" vaccine, medical subsidies to hospitals, Navy hospital ships and a hospital erected in NYC, etc. etc. The National Debt increased from $20 TRILLION to $30 TRILLION because politicians do what they do, throwing money they borrow at a "crisis". At the time Trump's Secretary of the Treasury Steven Mnuchin said inflation might go to five percent, but rapidly drop to 3.5 percent, which was good. Blame Biden all day long...and look again at when and where the profligate spending began. As always, a bipartisan problem that included PDT's full participation in the frenzy. As Dubya initially escaped "blame" for the '08 real estate crash, Biden gets the blame for the '21/22 inflation.
We trust the "experts" to be right, despite many posters here accurately predicting the inflationary outcome of all this spending. But wait, there's more as we now enter a school security/gun safety mania that will cost billions more while the "red flags" get all the attention. Don't think the money is the real focus?
0 people like this.
Reply 7 - Posted by:
Thos Weatherby 6/13/2022 9:28:52 AM (No. 1184419)
And they said it was transitory. And that it peaked. And that it was temporary. And . . .
Everything they say is a lie. Everything. Don't believe anything the Fed, Biden, Government and Medical establishment says.
Stop believing them.
They will do anything (including false flags) to win these midterms. Don't be duped. They'll need to do something huge before November. They want riots, masks, vaccines, and our Freedoms ALL before November. Maybe close down the electrical Grid.
5 people like this.
Reply 8 - Posted by:
JimBob 6/13/2022 10:11:21 AM (No. 1184449)
8.6%?
It seems to me that they added a decimal.
For most of the things that I buy, it's more like 86%.
For everyday items, Biden's war on energy has driven up the cost to produce everything.
For big-ticket items where borrowing costs come into play, the unchecked and reckless Federal spending a 'pumping' the money supply has driven prices upward.
The only thing I see that HASN'T gone way up is my Income.
6 people like this.
Reply 9 - Posted by:
bad-hair 6/13/2022 10:15:14 AM (No. 1184455)
As much as I dislike James Carville and have had the opportunity to tell him to his face.
Truer words may never have been spoken than "It's the economy, stupid."
Tick Tock November. And FJB
5 people like this.
Reply 10 - Posted by:
formerNYer 6/13/2022 12:23:49 PM (No. 1184584)
Wait didn't the experts say that 2 shots and you won't get covid?
Wait didn't the experts say that trump colluded with russia?
Wait didn't the experts say that gas won't go up that much?
Wait didn't the experts say that hunter laptop was russian disinformation?
Wait didn't the experts say that the blm riots were mostly peaceful and 1/6 was an insurrection?
Wait didn't the experts......
4 people like this.
Reply 11 - Posted by:
DVC 6/13/2022 1:05:37 PM (No. 1184647)
The "experts" are either idiots (believing their bull squat) or stupid.
I have known since the first of these "COVID relief" bills was passed that the price was going to be, to a 100% certainty, many years of serious inflation. They were creating TRILLIONS of dollars from thin air. That GUARANTEES inflation. It CREATES inflation.
2 people like this.
Reply 12 - Posted by:
Ashley Brenton 6/13/2022 2:13:59 PM (No. 1184718)
Oh just trying to buy more time. Keep people from cashing out their 401k. Until it is too late.
0 people like this.
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