Is the FED's caution on inflation justified? Absolutely! Here is why, secondary inflation spikes are very common when an economy does not enter a recession. The FED knows that. Hence their apprehension moving too fast to lower rates. I think it is a mistake for people to believe inflation is over, running around with a major hard-on to lower rates. On the other...
The Biden Admin has single-handedly destroyed the Economy in record time. Core Inflation soars UP 400% in the first 12 month's. The only way that can happen is intentionally. Yet, there are no lockdowns, a "vaccine" has been released and there is no WW3. Plans backfired, now it looks like everyone is standing around trying to dig all the dog shit out of their...
May Core CPI: 5.3% down -0.3% since Jan. 2023 Flattening out. Bad JUJU! Compared to the US national deficit of $426 billion for the same period last year (Oct 2021 - May 2022), our national deficit has increased by $739 billion. Current deficit $1,164,871,162,458 with 5 months left to go. Keep printing "for the people's economy!" MMT style and keep...
According to TA I expect to see am inflation rate drop to 4.6 / 3.95 / 3.36 or anywhere in a green box I created. Hope I am right.