Highest inflation since...

[sherpa]

2 hours ago, Tiberius said:

.Of course increased supply would meet the demand and lower prices. Just look at one area of the economy, trucking. They don't have enough drivers. That is causing prices to rise. More truckers (immigrants) and you reduce that upward pressure on prices there. You get that? 

 

 

 

At the risk of thread creep....

This is wrong on two levels.

First, CDL requires legal status, I believe, so illegals are not going to be players.

 

Second, what this country does not need, and I'm certain there is near universal agreement on this, is recent immigrants driving 18 wheelers on our interstates and city streets.

 

Anyone who has witnessed what goes on on the roads in Central/South America would most likely agree.

[B-Man]

 

 

 

 

*

Quick reminder for those who don't seem to understand, there is an article connected to the tweet, just click on. . . . . . . . . 😃

 

 

[ALF]

Higher food and energy prices could last 'for years,' World Bank warns

 

Russia's invasion of Ukraine has contributed to an historic shock to commodity markets that will keep global prices high through the end of 2024, according to the World Bank.

 

The spike in energy prices over the past two years is the biggest since the 1973 oil crisis, while the jump in food prices is the most since 2008, the World Bank said Tuesday in its commodity markets outlook report.

 

"Overall, this amounts to the largest commodity shock we've experienced since the 1970s," said Indermit Gill, the World Bank's vice president for equitable growth, finance and institutions.

 

Russia is a leading exporter of oil, natural gas and coal, while Ukraine is a major source of wheat and corn. The situation has been exacerbated by soaring fertilizer costs and price spikes for key metals.

 

After nearly doubling last year, energy prices are expected to jump more than 50% this year before easing in 2023 and 2024, the World Bank said. Food prices will soar by 22.9% this year, highlighted by a 40% rise in wheat prices, according to the report.

 

"These developments have started to raise the specter of stagflation," the World Bank warned. "Policymakers should take every opportunity to increase economic growth at home and avoid actions that will bring harm to the global economy."

Prices are expected to stay at "historically high levels" through the end of 2024, the World Bank said.

 

https://www.cnn.com/2022/04/27/business/world-bank-ukraine-shock/index.html

[SoCal Deek]

9 minutes ago, ALF said:

Higher food and energy prices could last 'for years,' World Bank warns

 

Russia's invasion of Ukraine has contributed to an historic shock to commodity markets that will keep global prices high through the end of 2024, according to the World Bank.

 

The spike in energy prices over the past two years is the biggest since the 1973 oil crisis, while the jump in food prices is the most since 2008, the World Bank said Tuesday in its commodity markets outlook report.

 

"Overall, this amounts to the largest commodity shock we've experienced since the 1970s," said Indermit Gill, the World Bank's vice president for equitable growth, finance and institutions.

 

Russia is a leading exporter of oil, natural gas and coal, while Ukraine is a major source of wheat and corn. The situation has been exacerbated by soaring fertilizer costs and price spikes for key metals.

 

After nearly doubling last year, energy prices are expected to jump more than 50% this year before easing in 2023 and 2024, the World Bank said. Food prices will soar by 22.9% this year, highlighted by a 40% rise in wheat prices, according to the report.

 

"These developments have started to raise the specter of stagflation," the World Bank warned. "Policymakers should take every opportunity to increase economic growth at home and avoid actions that will bring harm to the global economy."

Prices are expected to stay at "historically high levels" through the end of 2024, the World Bank said.

 

https://www.cnn.com/2022/04/27/business/world-bank-ukraine-shock/index.html

Wait…CNN is blaming inflation on Putin? Go figure. Who saw that coming?

[ALF]

1 minute ago, SoCal Deek said:

Wait…CNN is blaming inflation on Putin? Go figure. Who saw that coming?

 

Darn it , I thought it was a report from the World Bank

[SoCal Deek]

1 minute ago, ALF said:

 

Darn it , I thought it was a report from the World Bank

Obviously you did….don’t make that mistake again. 😉

[B-Man]

1 hour ago, ALF said:

 

Darn it , I thought it was a report from the World Bank

 

 

I wish that I could get the same type of distinction on my posts..............😎

 

 

 

[Tiberius]

Putin isn’t causing inflation? 

 

Huh? 

[Doc]

1 minute ago, Tiberius said:

Putin isn’t causing inflation? 

 

Huh? 

 

Did Trump cause Fauci-Wuhan virus? 

[Tiberius]

1 minute ago, Doc said:

 

Did Trump cause Fauci-Wuhan virus? 

Have you ever seen the virus? 

 

Huh? 

[Doc]

19 minutes ago, Tiberius said:

Have you ever seen the virus? 

 

Huh? 

 

"The buck stops here."  Or is that only when it comes to Republican Presidents?

[Tiberius]

1 minute ago, Doc said:

 

"The buck stops here."  Or is that only when it comes to Republican Presidents?

Putin has caused inflation,the truth doesn't stop because the Dems win 

[Buffalo Bills Fan]

3 hours ago, SoCal Deek said:

Wait…CNN is blaming inflation on Putin? Go figure. Who saw that coming?

 

It's understandable for costs wheat and corn Deek for Ukraine And understandable for cost coal, oil and gas for Russia. (all over world cost for those) Wish this war had not got started innocent people and kids  .  

Edited April 27, 2022 by Buffalo Bills Fan

[Doc]

14 hours ago, Tiberius said:

Putin has caused inflation,the truth doesn't stop because the Dems win 

 

Putin hasn't caused it.  True he's made it worse, but so had Joey's Admin before started his ill-advised war.  What I was getting at is Trump didn't cause Fauci-Wuhan virus, but you libs blamed him for making it worse.  And that cost him the election.  Now we know that it wouldn't have been better under a Dem, if not worse. 

Edited April 28, 2022 by Doc

[ALF]

American oil refineries shutter amid Biden's hostile fossil fuel policies, adding to pain at the pump: expert

 

American refinery capacity has been on the decline in recent years, according to Fuels Market News latest Refinery Capacity Report. The report found that operable atmospheric crude oil distillation capacity in the U.S. fell from 19 million barrels per calendar day at the start of 2020 to 18.1 million at the start of 2021.

 

Much of that dip in output can be blamed on refinery closures such as the one in Houston, with the report noting that five facilities shuttered during 2021, including the Shell refinery in Convent, Louisiana. Other states that saw a refinery closure include New Mexico, California, North Dakota, and Wyoming.

 

Phil Flynn, a senior account executive/market analyst at the Price Futures Group and FOX Business contributor, warned that strict regulation under the Biden administration will continue to put pressure on refineries to stay in business.

 

But government pressure to wean the country off of fossil fuels has made business difficult, with Flynn arguing that "refineries are getting squeezed out of business because of stricter regulations from the Biden administration and the pressure by the government" to "reduce demand for gasoline."

 

https://www.foxbusiness.com/politics/oil-refineries-shutter-amid-hostile-fossil-fuel-policies-pain-at-the-pump

[SoCal Deek]

13 hours ago, Buffalo Bills Fan said:

 

It's understandable for costs wheat and corn Deek for Ukraine And understandable for cost coal, oil and gas for Russia. (all over world cost for those) Wish this war had not got started innocent people and kids  .  

No doubt that’s also true, but when it comes to America a whole lot of this is just keyboard propaganda looking to place the blame on Putin so they can take the bullseye off Biden. It’s not working. 

[Tiberius]

5 hours ago, ALF said:

American oil refineries shutter amid Biden's hostile fossil fuel policies, adding to pain at the pump: expert

 

American refinery capacity has been on the decline in recent years, according to Fuels Market News latest Refinery Capacity Report. The report found that operable atmospheric crude oil distillation capacity in the U.S. fell from 19 million barrels per calendar day at the start of 2020 to 18.1 million at the start of 2021.

 

Much of that dip in output can be blamed on refinery closures such as the one in Houston, with the report noting that five facilities shuttered during 2021, including the Shell refinery in Convent, Louisiana. Other states that saw a refinery closure include New Mexico, California, North Dakota, and Wyoming.

 

Phil Flynn, a senior account executive/market analyst at the Price Futures Group and FOX Business contributor, warned that strict regulation under the Biden administration will continue to put pressure on refineries to stay in business.

 

But government pressure to wean the country off of fossil fuels has made business difficult, with Flynn arguing that "refineries are getting squeezed out of business because of stricter regulations from the Biden administration and the pressure by the government" to "reduce demand for gasoline."

 

https://www.foxbusiness.com/politics/oil-refineries-shutter-amid-hostile-fossil-fuel-policies-pain-at-the-pump

What? How are they doing that? The slave holders, I mean big oil, seems intent on destroying the people's party. Russia, the Saudis and our oil companies sure don't like Biden, and it shows 

[B-Man]

 

 

 

 

[B-Man]

 

 

 

 

 

[B-Man]

 

 

Inflation barreled ahead at 8.3% in April from a year ago, remaining near 40-year highs

 

The consumer price index accelerated 8.3% in April, more than the 8.1% estimate and near the highest level in more than 40 years.

 

Core CPI, which excludes food and energy, also was higher than expected, rising 6.2%.

 

Shelter costs, which comprise about one-third of the CPI, rose at their fastest pace since 1991.

 

https://www.cnbc.com/2022/05/11/cpi-april-2022.html