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ALF
ALF

Covid really screwed up the supply chain , caused massive early retirements and labor shortage. The buck does stop with Biden and Congress who will pay big in midterms.

Buffarukus
Buffarukus

so trump wanted people to take precautions but premotes people to make their own choices on their safety to save the economy.   democrats: NO! force lockdowns! your killing people! lives are

B-Man
B-Man

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B-Man

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Bad news for Americans..........again.

 

 

BREAKING: Bidenflation shocker as producer price index jumps 1% in January, 9.7% in past year

ED MORRISSEY Feb 15, 2022

 

Wall Street expected the news from the producer price index (PPI) report to be unpleasant. The actual numbers on wholesale inflation turned out twice as bad as they expected. “It’s much bigger than we anticipated,” Rick Santelli remarked as the monthly PPI rose 1% and year-on-year PPI inflation went up 9.7%:

 

{snip}

 

In other words, the CNBC panel explains, the argument that we have hit “peak inflation” is nonsense. “There is nothing inside these numbers,” Steve Liesman tells the panel, “that indicates that this is the peak.” It certainly doesn’t indicate that inflation will “taper off,” as Joe Biden said “14 Nobel laureates” told him in his interview with Lester Holt.

 

https://hotair.com/ed-morrissey/2022/02/15/breaking-bidenflation-shocker-as-producer-price-index-jumps-1-in-january-9-7-in-past-year-n448701

 

 

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B-Man Hall of Famer

B-Man

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US producer prices surge 9.7% from a year ago
 

Wholesale inflation in the United States surged again last month, rising 9.7% from a year earlier in a sign that price pressures remain high at all levels of the economy.
 

The Labor Department said Tuesday that its producer price index — which measures inflation before it reaches consumers — jumped 1% from December. Excluding volatile food and energy prices, wholesale inflation rose 0.8% from December and 8.3% from January 2021.

 

https://www.msn.com/en-us/money/markets/us-producer-prices-surge-97-25-from-a-year-ago/ar-AATSsA6

 

 

 

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Irv Veteran

Irv

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11 hours ago, B-Man said:

 

 

US producer prices surge 9.7% from a year ago
 

Wholesale inflation in the United States surged again last month, rising 9.7% from a year earlier in a sign that price pressures remain high at all levels of the economy.
 

The Labor Department said Tuesday that its producer price index — which measures inflation before it reaches consumers — jumped 1% from December. Excluding volatile food and energy prices, wholesale inflation rose 0.8% from December and 8.3% from January 2021.

 

https://www.msn.com/en-us/money/markets/us-producer-prices-surge-97-25-from-a-year-ago/ar-AATSsA6

 

 

 

What a mess!
 

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SoCal Deek Hall of Famer

SoCal Deek

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3 minutes ago, All_Pro_Bills said:

Now unemployed "social media influencers" are preaching about the virtues of inflation.  Maybe pay a bill for the first time sweetie and figure out how life works before imparting your wisdom on everyone..

That describes AOC perfectly! 

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TSOL Veteran

TSOL

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Who, at this point, can defend this administration, and the entire liberal/ progressive agenda? 

 

With this issue in the Ukraine the media is already preparing us for gas prices to jump another .50¢

 

How do you defend this administration? How can you even make any comparison to the previous administration that had the economy humming like a well.oiled machine. 

 

Biden is a horror show, what defense is there for this administration? 

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B-Man Hall of Famer

B-Man

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NOTHING TO SEE HERE, MOVE ALONG:

 

 Inflation Raises Expenses for Pension Funds:

Cost-of-living increases are rising significantly for the first time in years, adding to retirement system liabilities.

 

 

Rising inflation is driving up expenses for many large U.S. pension funds that have promised retirees cost-of-living raises.

 

About half of states link pension benefits for some or all of their retired workers to changes in the consumer-price index, according to the National Association of State Retirement Administrators. With inflation reaching 7% in December, some retirement funds are now looking at increasing pension checks by 3% or more for the first time in a decade. At others, board members or state officials are approving one-time cost-of-living raises.

 

“It’s a hot topic,” said Keith Brainard, the association’s research director. “A cost-of-living adjustment can be an expensive plan provision.”

 

Pension funds are confronting a challenge shared by institutions and household savers alike: Just as expectations for public market investment returns are dimming, everyday costs are going up. This year, many retirement systems will book a loss on cost-of-living adjustments, rather than the annual windfall they have been seeing for years when those inflation-linked increases came in below expectations.

 

 

https://www.wsj.com/articles/inflation-raises-expenses-for-pension-funds-11646000689?mod=hp_lead_pos1

 

 

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B-Man Hall of Famer

B-Man

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Larry Summers Is Second Obama Economic Adviser To Blame Biden For Inflation (Video)

by Mike LaChance

 

This week Obama economic adviser Steve Rattner said that Biden shouldn’t be blaming Russia invading Ukraine for inflation.He said Biden owns this.Now another Obama economic adviser, Larry Summers, is blaming Biden for inflation.Biden used to work with these men in the Obama White House. Bloomberg News reports: Summers Faults Biden for Tying Inflation to Putin, Company Greed. Former Treasury Secretary Lawrence Summers criticized the Biden administration’s emphasis on Russian President Vladimir Putin’s invasion of Ukraine and on price gouging by companies in ascribing causes for the surge in U.S. inflation.

 

https://www.thegatewaypundit.com/2022/03/larry-summers-second-obama-economic-adviser-blame-biden-inflation-video/

 

 

 

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B-Man Hall of Famer

B-Man

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BIDENFLATION: 

 

Cost of air travel is expected to rise 10% over the next MONTH as high fuel prices continue to batter travelers:

 

Average domestic flight will cost $100 more than it did in January.

 

https://www.dailymail.co.uk/news/article-10690041/Air-travel-rebounds-pre-pandemic-levels-Americans-spending-6-6billion-February.html

 

 

 

 

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Tiberius Hall of Famer

Tiberius

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On 3/13/2022 at 11:34 AM, B-Man said:

 

 

Larry Summers Is Second Obama Economic Adviser To Blame Biden For Inflation (Video)

by Mike LaChance

 

This week Obama economic adviser Steve Rattner said that Biden shouldn’t be blaming Russia invading Ukraine for inflation.He said Biden owns this.Now another Obama economic adviser, Larry Summers, is blaming Biden for inflation.Biden used to work with these men in the Obama White House. Bloomberg News reports: Summers Faults Biden for Tying Inflation to Putin, Company Greed. Former Treasury Secretary Lawrence Summers criticized the Biden administration’s emphasis on Russian President Vladimir Putin’s invasion of Ukraine and on price gouging by companies in ascribing causes for the surge in U.S. inflation.

 

https://www.thegatewaypundit.com/2022/03/larry-summers-second-obama-economic-adviser-blame-biden-inflation-video/

 

 

 

You have to admit Putin’s war drove costs up, right? 

22 minutes ago, B-Man said:

 

 

 

BIDENFLATION: 

 

Cost of air travel is expected to rise 10% over the next MONTH as high fuel prices continue to batter travelers:

 

Average domestic flight will cost $100 more than it did in January.

 

https://www.dailymail.co.uk/news/article-10690041/Air-travel-rebounds-pre-pandemic-levels-Americans-spending-6-6billion-February.html

 

 

 

 

Fuel costs are up

because of a Putin’s war, right?

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B-Man Hall of Famer

B-Man

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Just now, Tiberius said:

You have to admit Putin’s war drove costs up, right? 

 

 

You have to admit,

 

(and as the whole thread shows)

 

That inflation has been rising before, during, and will be after Biden's response to "Putin's war"

 

 

 

 

 

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Tiberius Hall of Famer

Tiberius

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33 minutes ago, B-Man said:

 

 

You have to admit,

 

(and as the whole thread shows)

 

That inflation has been rising before, during, and will be after Biden's response to "Putin's war"

 

 

 

 

 

Yes, but Putin's war made it way worse. 

 

Also, kind of strange that the Saudis are not helping us by pumping more oil. Is there a foreign policy problem here? The GOP and the dictators conspiring to raise prices? 

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ALF All Pro

ALF

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I blame inflation on what covid did to the world economy , destroyed the supply chain and causing millions to retire or leave the job market.  25 million in Shanghai  locked down today will hurt the supply chain even more.

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All_Pro_Bills Veteran

All_Pro_Bills

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25 minutes ago, Tiberius said:

Yes, but Putin's war made it way worse. 

 

Also, kind of strange that the Saudis are not helping us by pumping more oil. Is there a foreign policy problem here? The GOP and the dictators conspiring to raise prices? 

Oil prices have been in a steady rise since Biden took office.  His first action was to cancel Keystone.  If he didn't that pipeline would be in production today and the price shock to crude would have been much less to perhaps nothing.  And also to align with activists pressuring banks to withdraw or withhold capital from the oil & gas exploration and development sector.  Then informing the industry their services will no longer be needed in the near future.  Who would invest given those conditions?  Now Congress is doing their standard "not my fault" grilling of industry executives.  Its a real hoot.

If the administration was more focused on  long term strategic planning, like our enemies are, instead of appeasing the fringe left we wouldn't be in the current mess.   My advice is to build more solar panels and pray for sunny days.

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JDHillFan Veteran

JDHillFan

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36 minutes ago, Tiberius said:

Yes, but Putin's war made it way worse. 

 

Also, kind of strange that the Saudis are not helping us by pumping more oil. Is there a foreign policy problem here? The GOP and the dictators conspiring to raise prices? 

Might be better to pump more here rather than rely on others. Not sure why it’s ok to buy but not produce. I’m sure in some unusual minds this line of thinking makes me a Putin apologist in one way or another. 

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Doc Hall of Famer

Doc

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1 hour ago, B-Man said:

You have to admit,

 

(and as the whole thread shows)

 

That inflation has been rising before, during, and will be after Biden's response to "Putin's war."

 

You're kidding, right?

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Tiberius Hall of Famer

Tiberius

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8 minutes ago, JDHillFan said:

Might be better to pump more here rather than rely on others. Not sure why it’s ok to buy but not produce. I’m sure in some unusual minds this line of thinking makes me a Putin apologist in one way or another. 

Or move quicker on green energy. Yes, we can step up the pumping here, too. Those stopped because of low prices in the past 

10 minutes ago, All_Pro_Bills said:

Oil prices have been in a steady rise since Biden took office.  His first action was to cancel Keystone.  If he didn't that pipeline would be in production today and the price shock to crude would have been much less to perhaps nothing.  And also to align with activists pressuring banks to withdraw or withhold capital from the oil & gas exploration and development sector.  Then informing the industry their services will no longer be needed in the near future.  Who would invest given those conditions?  Now Congress is doing their standard "not my fault" grilling of industry executives.  Its a real hoot.

If the administration was more focused on  long term strategic planning, like our enemies are, instead of appeasing the fringe left we wouldn't be in the current mess.   My advice is to build more solar panels and pray for sunny days.

How much did Keyston's death cause oil prices to rise? 

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B-Man Hall of Famer

B-Man

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13 minutes ago, Doc said:

 

You're kidding, right?

 

 

I was simply copying Tibsy's "you have to admit" from the start of his post.

 

As you say, I certainly did not expect him to admit to anything, but divert.

 

And I was correct.

 

 

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