Inflation Hits 5.4% in June

[RiverguyVT]

The government flooded us with money.

That's why there is inflation.

[HokieHam]

https://reason.com/2022/12/13/inflatio ... y-to-fall/

Good news!

Been to the grocery store lately?

The rate may have “cooled”. But prices haven’t come down. Not to mention the looming recession.

Inflation readings are lagging indicators, so the trend in recent reports is good news.

It’s likely a recession will be needed to reverse wage pressures, largest source of inflation at this point.

the largest source of inflation is high wages?

Indeed. US unemployment is at it's lowest level in 50-60 years, we have an unbelievably tight labor market with ~ 2 openings for every job hunter.

https://www.bloomberg.com/news/articles ... rates-high

Cars, Energy, Housing, and most measures of inflation in the US have been coming down. There was a huge avian flu that fooled many people into thinking the resulting price increases in eggs is an indicator of underlying inflation in the US economy. The US' inflation has been tame compared to other economies. Inflation in the US is probably going to fall about as quickly as it rose, but who knows with all the craziness in Ukraine/Russia and China making predictions difficult. Core is headed in the right direction though, which is great to see.




The hottest job market in my lifetime is inflationary without a doubt and the Fed's big fear. The Fed is going to keep raising rates even with all the signs of core inflation dropping, they missed the rise of inflation, they are not going to undershoot as they continue to raise rates trying to engineer a recession to cool the job market. We will probably have a recession this year, but we don't have many historical examples of the US entering a recession with unemployment at these record low levels so it will be interesting.

You are such a tool.

[fatman]

Good news!

Been to the grocery store lately?

The rate may have “cooled”. But prices haven’t come down. Not to mention the looming recession.

Inflation readings are lagging indicators, so the trend in recent reports is good news.

It’s likely a recession will be needed to reverse wage pressures, largest source of inflation at this point.

the largest source of inflation is high wages?

Indeed. US unemployment is at it's lowest level in 50-60 years, we have an unbelievably tight labor market with ~ 2 openings for every job hunter.

https://www.bloomberg.com/news/articles ... rates-high

Cars, Energy, Housing, and most measures of inflation in the US have been coming down. There was a huge avian flu that fooled many people into thinking the resulting price increases in eggs is an indicator of underlying inflation in the US economy. The US' inflation has been tame compared to other economies. Inflation in the US is probably going to fall about as quickly as it rose, but who knows with all the craziness in Ukraine/Russia and China making predictions difficult. Core is headed in the right direction though, which is great to see.




The hottest job market in my lifetime is inflationary without a doubt and the Fed's big fear. The Fed is going to keep raising rates even with all the signs of core inflation dropping, they missed the rise of inflation, they are not going to undershoot as they continue to raise rates trying to engineer a recession to cool the job market. We will probably have a recession this year, but we don't have many historical examples of the US entering a recession with unemployment at these record low levels so it will be interesting.

You are such a tool.

Name calling, lowest common denominator BS.

You are unable to refute the lowest unemployment rate since we put a man on a moon or the fact that inflation in the US is improving, so name calling. Sorry to inject facts in the discussion. Please go back to your doom and gloom about an increase in eggs prices following an avian flu outbreak brining about the fall of the USA.

[HokieHam]

Been to the grocery store lately?

The rate may have “cooled”. But prices haven’t come down. Not to mention the looming recession.

Inflation readings are lagging indicators, so the trend in recent reports is good news.

It’s likely a recession will be needed to reverse wage pressures, largest source of inflation at this point.

the largest source of inflation is high wages?

Indeed. US unemployment is at it's lowest level in 50-60 years, we have an unbelievably tight labor market with ~ 2 openings for every job hunter.

https://www.bloomberg.com/news/articles ... rates-high

Cars, Energy, Housing, and most measures of inflation in the US have been coming down. There was a huge avian flu that fooled many people into thinking the resulting price increases in eggs is an indicator of underlying inflation in the US economy. The US' inflation has been tame compared to other economies. Inflation in the US is probably going to fall about as quickly as it rose, but who knows with all the craziness in Ukraine/Russia and China making predictions difficult. Core is headed in the right direction though, which is great to see.




The hottest job market in my lifetime is inflationary without a doubt and the Fed's big fear. The Fed is going to keep raising rates even with all the signs of core inflation dropping, they missed the rise of inflation, they are not going to undershoot as they continue to raise rates trying to engineer a recession to cool the job market. We will probably have a recession this year, but we don't have many historical examples of the US entering a recession with unemployment at these record low levels so it will be interesting.

You are such a tool.

Name calling, lowest common denominator BS.

You are unable to refute the lowest unemployment rate since we put a man on a moon or the fact that inflation in the US is improving, so name calling. Sorry to inject facts in the discussion. Please go back to your doom and gloom about an increase in eggs prices following an avian flu outbreak brining about the fall of the USA.

Calling as I see it. Go back and dig a little deeper into the numbers. It’s not hard to see it’s not as wonderful as you make it out to be……also, some other issues:

https://www.bloomberg.com/news/article ... ata-quirks

I’m not a doom and gloomer. I’m a realist.
For you to think that the price of eggs fooled many people is just a talking point. Prove it. Inflation rose the fastest in the US initially (way before the egg issue). The last inflation numbers for food still has it pushing .1 point away from 10%.

One major reason for the current situation was due to flooding the market with money. The Covid stimulus packages(especially the totally unnecessary one from the current pResident while all the monies from the previous one under DrumpF! had yet to enter the markets) can attribute to a good portion of this as my posted article above states. Then you had all the supply chain issues plus labor market problems caused by horrid pandemic policy. Add that to years of QE and unsustainably low interest rates and it had to unleash inflation.

Wage growth had a spike in early 2022 but has since been on the decline and coming back to norms. Last I checked it was around 5.4%. Higher wages aren’t the cause of inflation, but a result of it. Also, employers want to pay more to hold onto workers that they have paid to train and desire to keep. The labor market has been tight. One reason is all the welfare beni’s from the Coof keeping people at home in an already tightening job market. More and more people are realizing this will dry up and with Traitor Joe’s recent announcement of the emergency ending in May (why not end it now…..) even more funds will dry up, so more people will be starting to look for work.

[HokieHam]

Inflation Isn't Going Away
Prices rose by 0.4 percent in February and core inflation was up 0.5 percent, the third consecutive month that it has increased.

https://reason.com/2023/03/14/inflatio ... oing-away/

[RiverguyVT]

Inflation.

Treasury rates.

Yeah. There's something there, there.

[HokieHam]

.

[HokieHam]

All the lying they’ve been doing to make the weak minded believe inflation going down means prices are…….and now this.

Inflation Edged Up in December After Rapid Cooling Most of 2023

https://www.msn.com/en-us/money/market ... r-AA1mMsxp

[UpstateSCHokie]

The jobs report propaganda just went full retard. I don't ever want to hear that this Marxist regime would not cook the numbers for their own benefit.

[UpstateSCHokie]

More on that "amazing" jobs report...

The Worst Jobs Report Of All-time Cloaked As A Biden Victory (All Job Creation Over Past 4 Years Has Been For Foreign-born Workers, Zero Job-creation For Native Born Workers Since July 2018!)

Today’s jobs report was UGLY! How when the US unexpectedly added 353K “jobs” – the most since January 2023. Remember, Biden is President. And apparenty El Presidente of Latin America, Africa and Asia.

Let me start with the official Biden jobs report versus the ADP jobs report from yesterday. BLS showed an amazing surge while ADP was sigalling a slowdown. Obviously, BLS is measuring employment differently (this is an election year after all). Like seasonal adjustments (always econometric voodoo).



But it’s more than just the Biden admin hanging its “success” on seasonal adjustments: when one digs deeper inside the jobs report, all sorts of ugly things emerge… such as the latest divergence between the Establishment (payrolls) and much more accurate Household (actual employment) survey. To wit, while in January the BLS claims 353K payrolls were added, the Household survey found that the number of actually employed workers dropped again, this time by 31K (from 161.183K to 161.152K).



This means that while the Payrolls series hits new all time highs every month since December 2020 (when according to the BLS the US had its last month of payrolls losses), the level of Employment has barely budged in the past year. Worse, as shown in the chart below, such a gaping divergence has opened between the two series in the past 4 years, that the number of Employed workers would need to soar by 9 million (!) to catch up to what Payrolls claims is the employment situation



https://confoundedinterest.net/2024/02/ ... july-2018/

[BigDave]

More on that "amazing" jobs report...

To wit, while in January the BLS claims 353K payrolls were added, the Household survey found that the number of actually employed workers dropped again, this time by 31K (from 161.183K to 161.152K).

At least part of this is that you've got a lot of people working multiple jobs. If you were to assume, for the moment, that both sets of data are accurate (and that it's not simply erroneous reporting), then that would mean that slightly fewer PEOPLE are working, but those people who are working have added second jobs.

For example, we get DoorDash or groceries delivered a lot, and frequently, the person doing the delivery has a full-time job doing something else and does deliveries on the side.

[HokieHam]

Creepy pedo old man voice “it’s wooooorking”……..

Prices rose more than expected in January as inflation won’t go away

https://www.cnbc.com/2024/02/13/cpi-in ... rcent.html

[HokieHam]

Of course, the Potato in the WH blames the grocery stores…….

It’s Been 30 Years Since Food Ate Up This Much of Your Income
Ongoing high costs lead food manufacturers and restaurants to keep prices elevated

https://www.wsj.com/economy/consumers/ ... major_pos2

[HokieHam]

How moronic……….

“Even the Cookie Monster hates Bidenomics”

[HokieHam]

Of course, the Potato in the WH blames the grocery stores…….

It’s Been 30 Years Since Food Ate Up This Much of Your Income
Ongoing high costs lead food manufacturers and restaurants to keep prices elevated

https://www.wsj.com/economy/consumers/ ... major_pos2

Who is to blame…... It’s not the stores you moronic old Potato. It’s also not smaller snicker bars…..it’s your BBB and Omnibus spending…..where $$$$$ is still sitting.

Consumer prices rose 0.4% in February and 3.2% from a year ago

https://www.cnbc.com/2024/03/12/cpi-in ... 2024-.html

[UpstateSCHokie]

Ah yes, looks like we're in phase 2 of the same old pattern. When the public is angry about something that might hurt the Democrat party, the media propagandists always do the following:

1) Deny it's happening.
2) If that doesn't work then admit it's happening but it's actually good for you
3) If that doesn't work then blame the Republicans

Just like they did on the border. Just like they're doing with inflation.

[Mcl3 Hokie]

Inflation continues to be "sticky" even though the current admin told us it was transient. Don't these idiots understand that if the government continues to spend at the rate of the pandemic level inflation will persist. When I hear the economy is doing well, its all about the government printing money to hand out to people to spend.

https://www.cnbc.com/2024/04/10/cpi-inf ... march.html

[HokieHam]

Inflation continues to be "sticky" even though the current admin told us it was transient. Don't these idiots understand that if the government continues to spend at the rate of the pandemic level inflation will persist. When I hear the economy is doing well, its all about the government printing money to hand out to people to spend.

https://www.cnbc.com/2024/04/10/cpi-inf ... march.html

Beat me to it.

Yup. I’m wondering how they’re going to tell everyone they’re not seeing what they’re really seeing……….

A certain Hopium filled AWOL who thought BBB was so wonderful was told over and over what would happen…….

[HokieHam]

Nearly 40% of Renters Think They’ll Never Own a Home, Up From 27% Last Year

https://www.redfin.com/news/renters-be ... ners-2024/

[Bay_area_Hokie]

I love people defending this dystopian economy because they love Xiden. It's horrible out there. $4k a month for craphole apartments, credit card rates from 18% to 25% and guess what, interest rates aren't included in CPI.

It's so basic. All empires end this way, meaning the never ending printing of money that lead to complete collapse. There is no getting out of this now unless we destroy both parties, which are the same party BTW.

[HokieHam]

I love people defending this dystopian economy because they love Xiden. It's horrible out there. $4k a month for craphole apartments, credit card rates from 18% to 25% and guess what, interest rates aren't included in CPI.

It's so basic. All empires end this way, meaning the never ending printing of money that lead to complete collapse. There is no getting out of this now unless we destroy both parties, which are the same party BTW.

Yup.

No way we are getting out of this without burning it down or WWIII which looks possible right now…..another iron law of woke projection……

Hey, at least your Governor realizes the electoral problem with all the bum and junkies living in California streets!……..

[UpstateSCHokie]

Biden has taken us back to a 1970s style economy

[HokieHam]

Biden has taken us back to a 1970s style economy

Well…..who could have seen this happening?……

[HokieJoe]

Biden has taken us back to a 1970s style economy

Well…..who could have seen this happening?……

People who didn't vote for Biden.