It seems Biden and his administration are dead set on a race to beat Jimmy Carter's record for economic pain.
As Liz Young — who heads up investment strategy at SoFi — explained in context, not only did November's numbers beat an expected 9.2 percent estimate at 9.6 percent, November's PPI is a significant increase from where the year began when PPI was below 2 percent year-over-year.
November's PPI data again debunks President Biden and the White House's claims that inflation is somehow transitory or is fading due to action by Biden. Instead, it suggests that President Biden's economic policies continue to wreak havoc on the American economy at multiple levels.
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Zuby is en Fuego lately.
https://townhall.com/tipsheet/spencerbrown/2021/12/14/producer-price-index-hits-record-high-9-6-worse-than-predicted-n2600556
It seems Biden and his administration are dead set on a race to beat Jimmy Carter's record for economic pain.
As Liz Young — who heads up investment strategy at SoFi — explained in context, not only did November's numbers beat an expected 9.2 percent estimate at 9.6 percent, November's PPI is a significant increase from where the year began when PPI was below 2 percent year-over-year.
November's PPI data again debunks President Biden and the White House's claims that inflation is somehow transitory or is fading due to action by Biden. Instead, it suggests that President Biden's economic policies continue to wreak havoc on the American economy at multiple levels.
Zuby is kicking ass and taking names.
Like an true oppressor.