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Anyone check the fake inflation today?
jecornel
Member Posts: 9,591
in Tug Tavern
bidenomics is humming baby!!! 4 more years!!
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This should come as a shock to buck our Nobel Econ winner for his Sugar Bowl Ticket Index. Who knew that borrowing trillions and then printing money for the deficit and interest payments was inflationary. Time for QE 100 and some rate cuts.
https://www.zerohedge.com/markets/obviously-very-bad-news-biden-wall-street-reacts-todays-red-hot-inflation-print
... thanks to a boiling inflation print which saw every single CPI metric coming in hotter than expected - was a shock, not because it reflected reality, but because it effectively sealed Biden's fate because as Bloomberg's Chris Antsey writes, "obviously, this is very bad news for Joe Biden... we’re approaching the point where high inflation is bound to still be in voters’ minds when they head to the polls, regardless of how the price figures come in over summer."
With that in mind, here is a snapshot of kneejerk reactions by various other Wall Street economists and strategists to today's print courtesy of Bloomberg.
Morgan Stanley economist Ellen Zentner is the first sellside to warn her June rate-cut call is in jeopardy:
Joe Rogan may be right. He says Biden gets dumped in May
H, MelloDawg, and buck may want to start defending Newsom to the death. Never too early
Similar to DEI spending.
Remember when @huskybuck lectured us about Trump and the Fed independency?
Yeahbut imagine how much worse it would be without that $24 billion (is the Leftists’ answer).
Like H and his ‘inflation is falling because it’s increasing at a lesser amount’ idiot fuel.
“Why pressuring the Fed is good.”
Damn
Like H and his ‘inflation is falling because it’s increasing at a lesser amount’ idiot fuel.
Can't even make up stupid this stupid.
Inflation is a rate, Chrissy. When a rate falls it isn't increasing.
No you really can't top this stupid reply
I'm falling at 5 miles per hour. I slow down to falling at 3 miles per hour
I'm no longer falling
Math is hard for this MBA. Inflation, even with the joke index used by Biden’s handlers, has risen yet again.
You’re very stupid, H.
Remember when CBS and 60 Minutes did actual investigating journalism? Seem like decades ago. Now they are just DNC operatives pushing government lies and fraudulent TANG memos to attack Republicans.
BUT January 6th!!!! Just blame everything on that. The day democracy almost died.
Yet you said nothing when that idiot biden was bragging that the rate increase was slowing. He was selling an increase as a benefit and you swallowed like a 2 bit cross dressing "they".
Biden bragged about the highest COLA adjustment to ss and n the last 40 years.