Highest inflation since...

[B-Man]

 

 

 

 

 

                                             

 

 

 

 

 

[B-Man]

 

 

BIDENFLATION: 

 

Terry McAuliffe’s doom: Joe Biden and the price of eggs. 

 

“Twelve dollars for a dozen eggs. At the farmers market on Sunday, I did my own survey. Three stands were $11. The rest were $12. Ten minutes ago, they cost $6. One hundred dollars. That’s how much it cost my handyman to fuel up his truck. They’re warning that the price of canned cranberries is going to be 50% higher this year because of the scarcity of aluminum for the cans. . . .

 

Tuesday was a small disaster. Bigger ones are on the horizon. Everyone gets that. The question is whether the early warning is early enough and whether Biden can recapture the attention of the country when we have the price of eggs, not to mention eggnog, to worry about.”

 

 

 

Biden can’t even remember what he had for breakfast.

 

 

https://nypost.com/2021/11/05/terry-mcauliffes-doom-joe-biden-and-the-price-of-eggs/

 

 

[Big Blitz]

This is the leadership we deserve 

 

 

 

 

Because we're not and unless you got a 6% pay raise in 2021 your pay has been cut you elitist f****

 

 

 

 

Edited November 7, 2021 by Big Blitz

[B-Man]

 

 

 

 

 

 

 

[Over 29 years of fanhood]

21 hours ago, B-Man said:

 

 

 

 

 

 

 

CNBC is freaking out about how bad inflation looks, CPI reports is abysmal this morning. 

[All_Pro_Bills]

3 minutes ago, Over 29 years of fanhood said:

CNBC is freaking out about how bad inflation looks, CPI reports is abysmal this morning. 

6.2% YoY as reported this morning.  If you look at statisticians like John Williams at Shadow Stats that run the numbers by factoring out all the smoke and mirrors adjustments made to the official CPI  to lower the number as much as possible its a lot higher.  But like life itself its all transitory so no worries..

[Over 29 years of fanhood]

32 minutes ago, All_Pro_Bills said:

6.2% YoY as reported this morning.  If you look at statisticians like John Williams at Shadow Stats that run the numbers by factoring out all the smoke and mirrors adjustments made to the official CPI  to lower the number as much as possible its a lot higher.  But like life itself its all transitory so no worries..

True… the Roman Empire was transitory 

[B-Man]

 

 

INFLATION SPIKES “UNEXPECTEDLY”

 

 

It might be hard for Team Biden to put a happy face on the news that inflation continued its upward trend in October. The Hill brings back the theme of surprise from Obama’s golden era:

 

Consumer prices grew far faster than expected in October, according to data released Wednesday by the Labor Department.

 

The consumer price index (CPI), which tracks inflation for a range of staple goods and services, rose 0.9 percent last month and 6.2 percent in the 12-month period ending in October, the highest rate in the U.S. in 30 years.

 

Analysts broadly expected the CPI to rise by 0.5 percent last month, up from a gain of 0.4 percent in August, and 5.8 percent over the past year.

 

Team Biden may peddle the notion that inflation is a tribute to their success with the economy and/or blame others. The Hill story intimates both lines of thought.

 

https://thehill.com/policy/finance/580884-consumer-prices-rose-09-in-october-62-percent-in-past-year

 

https://www.powerlineblog.com/archives/2021/11/inflation-spikes-unexpectedly.php

 

[Big Blitz]

The over 50 vote - only about 52% voted for Trump.  

 

Hope the 48% of you that didn't now understand why inflation is bad and you've adjusted your retirement accordingly.    

 

What has the Democrat run House done for you since 2019 besides spend another 10 trillion?  

 

 

 

Going to be some bat ***t (pun definitely intended) crazy solutions coming from our Gen Zers and Millennials as their ability to save and spend plummets in the next 5 years.  Because the capitalist system failed us man!     

 

[The Frankish Reich]

I just maxed out our savings bond purchases for 2021, and I'll be right back for more in 2022. I Bonds - boring-ass old people's savings vehicle - are now paying an annualized rate of 7.12 percent.  I have some old bond I bought in the early 2000s that are currently paying over 10 percent.  No, I don't believe what politicians or the Fed tell me about inflation. This is the Treasury's own formula for the prevailing inflation rate, incorporated into the I bond rate. So at least 7 percent on an annualized basis. 

[B-Man]

 

 

 

 

                                        

 

 

 

 

[Chef Jim]

On 10/24/2021 at 7:40 AM, Backintheday544 said:

That’s a source that one town in the US has $8 gas prices. That’s not a source that “Demented Biden and his communist buddy Newsom have gas prices up” please source your comment that Newsom and Biden have the gas prices up. 

How about $4.60.  Is that high enough? 

4 hours ago, B-Man said:

 

 

INFLATION SPIKES “UNEXPECTEDLY”

 

 

It might be hard for Team Biden to put a happy face on the news that inflation continued its upward trend in October. The Hill brings back the theme of surprise from Obama’s golden era:

 

Consumer prices grew far faster than expected in October, according to data released Wednesday by the Labor Department.

 

The consumer price index (CPI), which tracks inflation for a range of staple goods and services, rose 0.9 percent last month and 6.2 percent in the 12-month period ending in October, the highest rate in the U.S. in 30 years.

 

Analysts broadly expected the CPI to rise by 0.5 percent last month, up from a gain of 0.4 percent in August, and 5.8 percent over the past year.

 

Team Biden may peddle the notion that inflation is a tribute to their success with the economy and/or blame others. The Hill story intimates both lines of thought.

 

https://thehill.com/policy/finance/580884-consumer-prices-rose-09-in-october-62-percent-in-past-year

 

https://www.powerlineblog.com/archives/2021/11/inflation-spikes-unexpectedly.php

 

Stop manufacturing these crises B-Man!!

 

😡

[SoCal Deek]

I'm not sure how the Biden Administration ever thought this would work. Rising prices hit people way sooner and more often than any government spending bill could ever possibly cure it. This is a political recipe for disaster! 

[Albwan]

Marxism rule #1 : destroy everything

 

F U Brandon

[Precision]

Michael Burry came out this week and said that inflation is much worse than a byproduct of the re-opening from COVID.  Also made comments regarding the Rivian IPO.

 

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=newssearch&cd=&cad=rja&uact=8&ved=2ahUKEwj1_ov0tpX0AhVNm-AKHQ6QDWYQxfQBKAB6BAgOEAI&url=https%3A%2F%2Fmarkets.businessinsider.com%2Fnews%2Fstocks%2Fbig-short-michael-burry-scion-inflation-spike-economy-pandemic-reopening-2021-11&usg=AOvVaw2ejDzbftopOMYik1NrbPnj

 

My questions to the board are:

• Have you adjusted your investing strategy based on the current and upcoming inflation and if so from/into what?
• Since this clearly in not transitionary at what point do you start to panic?
• Do you think the Bidenomics issues are solvable at the midterms, during the next administration or have we reached a tipping point (runaway inflation)?
• What do think inflation will top out at?
• What are your thoughts on the largest contributing factor?     

My answers:

• Yes, we have 60% of our investments are now in commodities, foreign investments, thinking about purchasing a rental property.
• I already have which is why I made the changes previously mentioned.
• Not solvable until at least midway though the next administration.
• 13%.
• Currency devaluation. 

For those unaware, Michael Burry ran Scion Capital.  He was among the first to forecast the real estate bubble in 2007.  To learn about what led up to the crash a great movie to watch is "The Big Short".

 

[Irv]

Demented Biden and his communist buddies are causing people on fixed incomes to go without food.  This isn't ***** Venezuela.  Total failure. 

 

   

[B-Man]

 

 

Thanksgiving dinner is going to be more expensive this year, thanks to inflation

 

https://www.cnbc.com/2021/11/12/inflation-means-thanksgiving-dinner-will-cost-extra-this-year-.html

 

 

 

 

 

 

 

[Doc]

Yeah, but 4th of July was 16 cents cheaper...no, wait, that was a lie.

[B-Man]

 

MSNBC HOST’S MARIE ANTOINETTE MOMENT:

 

Just tap into your savings to pay for higher grocery prices.

 

Meh, what’s the big deal? It doesn’t really matter that Americans are paying more for groceries these days because everyone saved so much money during the pandemic. That is the logic coming from MSNBC host Stephanie Ruhle. She called it a “dirty little secret” that Americans can afford higher prices.

 

Ruhle is an MSNBC business correspondent so it caused some eyebrows to raise when she told NBC anchor Willie Geist this malarkey. She told Geist,

 

“The dirty little secret here, Willie, while nobody likes to pay more, on average, we have the money to do so. Household savings hit a record high over the pandemic, we didn’t really have anywhere to go out and spend.”

 

This happened during her interview with Geist on the Today Show segment Sunday Focus. One of my colleagues at MRC/Newsbusters described her aptly – “inflation airhead”.

 

 

https://hotair.com/karen-townsend/2021/11/15/msnbc-hosts-marie-antoinette-moment-just-tap-into-your-savings-to-pay-for-higher-grocery-prices-n429227

[Doc]

What an idiot.