Big Blitz Posted June 10, 2022 Share Posted June 10, 2022 (edited) January 6!!!! The Consumer Price Index climbed 8.6 percent in the year through May, a rapid pace of inflation that is making it increasingly difficult for consumers to afford everyday purchases, and is posing a major challenge for the Federal Reserve and White House as they try to secure a strong and stable economy. https://www.nytimes.com/2022/06/10/business/economy/inflation-soared-again-in-may-fresh-data-showed.html?smid=url-share Lol - poor WH it's going to be a challenge to secure a strong economy that they deliberately tanked in 2020. Thank you Covidiots. Edited June 10, 2022 by Big Blitz 1 Link to comment Share on other sites More sharing options...
B-Man Posted June 10, 2022 Share Posted June 10, 2022 Inflation rose 8.6% in May, highest since 1981 The consumer price index rose 8.6% in May from a year ago, the highest increase since December 1981. Core inflation excluding food and energy rose 6%. Both were higher than expected. Surging food, gas and energy prices all contributed to the gain, with fuel oil up 106.7% over the past year. Shelter costs, which comprise about one-third of the CPI, rose at the fastest 12-month pace in 31 years. The rise in inflation meant workers lost more ground in May, with real wages declining 0.6% from April and 3% on a 12-month basis. https://www.cnbc.com/2022/06/10/consumer-price-index-may-2022.html Link to comment Share on other sites More sharing options...
B-Man Posted June 10, 2022 Share Posted June 10, 2022 1 Link to comment Share on other sites More sharing options...
PetermansRedemption Posted June 10, 2022 Share Posted June 10, 2022 14 hours ago, Big Blitz said: January 6th!!!!! Rents across U.S. rise above $2,000 a month for the first time ever ....Drotar's a single mom with a daughter in 5th grade. She's been trying to find a house she can afford to buy. "I just want some place where she can ride her bike and make friends with the neighbors and play with the kids and they can come over." But she keeps getting outbid when she makes offers. And now with mortgage rates up sharply she says she's just been priced out completely. Meanwhile, continuing to rent is getting harder to afford, too. https://www.npr.org/2022/06/09/1103919413/rents-across-u-s-rise-above-2-000-a-month-for-the-first-time-ever Economy is headed for complete collapse. All this data is just completely incompatible with anything but a recession. It’s coming, and fast. Link to comment Share on other sites More sharing options...
Doc Posted June 10, 2022 Share Posted June 10, 2022 Not to worry everyone. The J6 committee will fix all that... 1 Link to comment Share on other sites More sharing options...
B-Man Posted June 10, 2022 Share Posted June 10, 2022 The only thing these guys ever do is frame bad economic news around how its a challenge for Biden, and not because of him. It's only ever about how it affects him, not the people in the country. Link to comment Share on other sites More sharing options...
All_Pro_Bills Posted June 10, 2022 Share Posted June 10, 2022 (edited) I read another fun fact today. Thanks to all the spending and borrowing facilitated by the Federal Reserve under Bush, Obama, Trump, and most recently Biden the annual US Federal budget's debt service cost will rise to $525B after the Feds next 50 basis point increase. If they're serious about stopping inflation, which I personally don't believe they are, and they keep raising rates servicing the interest on the Federal debt will become the biggest line item in the budget. Edited June 10, 2022 by All_Pro_Bills Link to comment Share on other sites More sharing options...
PetermansRedemption Posted June 10, 2022 Share Posted June 10, 2022 Link to comment Share on other sites More sharing options...
Doc Posted June 10, 2022 Share Posted June 10, 2022 No wonder Joke wanted a Ministry of Truth. Link to comment Share on other sites More sharing options...
SoCal Deek Posted June 10, 2022 Share Posted June 10, 2022 Creepy Uncle Joe out here on the left coast and in the span of a few minutes at the microphone he threatened company’s with actual assault, and then went on to blame every living person (other than his administration) for inflation. Hey Joe…you still want to be the person in charge? Not as easy as hiding out on some worthless, do nothing, senate committee, is it Joe? What a total failure! 1 Link to comment Share on other sites More sharing options...
Doc Posted June 10, 2022 Share Posted June 10, 2022 2 minutes ago, SoCal Deek said: Creepy Uncle Joe out here on the left coast and in the span of a few minutes at the microphone he threatened company’s with actual assault, and then went on to blame every living person (other than his administration) for inflation. Hey Joe…you still want to be the person in charge? Not as easy as hiding out on some worthless, do nothing, senate committee, is it Joe? What a total failure! Or your basement... Link to comment Share on other sites More sharing options...
ExiledInIllinois Posted June 10, 2022 Share Posted June 10, 2022 All you high-rollers have lots of disposable income... What's 6 bucks a gallon. Link to comment Share on other sites More sharing options...
B-Man Posted June 10, 2022 Share Posted June 10, 2022 WHY I DOUBT THE JANUARY 6 SHOW TRIAL WILL RESONATE MUCH WITH THE PUBLIC: 1 Link to comment Share on other sites More sharing options...
B-Man Posted June 17, 2022 Share Posted June 17, 2022 SAY ANYTHING: Joe Biden Busted for His Latest Inflation Whopper. https://pjmedia.com/news-and-politics/matt-margolis/2022/06/17/joe-biden-busted-for-his-latest-inflation-whopper-n1606049 1 Link to comment Share on other sites More sharing options...
PetermansRedemption Posted June 18, 2022 Share Posted June 18, 2022 3 hours ago, B-Man said: SAY ANYTHING: Joe Biden Busted for His Latest Inflation Whopper. https://pjmedia.com/news-and-politics/matt-margolis/2022/06/17/joe-biden-busted-for-his-latest-inflation-whopper-n1606049 Love Peter Doocy calling them out and hearing the same garbage repeated time and time again. “Pandemic, Putin Price Hike”. 2 Link to comment Share on other sites More sharing options...
ALF Posted June 21, 2022 Share Posted June 21, 2022 Inflation rocks businesses as owners warn Americans are cutting home improvements, service expenses Businesses say customers putting off roof replacements, house cleanings and AC repairs due to rising costs https://www.foxnews.com/media/inflation-rocks-businesses-owners-warn-americans-cutting-home-improvements-service-expenses After 43 years cancelled Buffalo News home delivery , 3 months ago stopped buying beer. I lived thru inflation early 80's maybe I was too young to care , well being retired does have limitations. 1 1 Link to comment Share on other sites More sharing options...
PetermansRedemption Posted June 21, 2022 Share Posted June 21, 2022 2 hours ago, ALF said: Inflation rocks businesses as owners warn Americans are cutting home improvements, service expenses Businesses say customers putting off roof replacements, house cleanings and AC repairs due to rising costs https://www.foxnews.com/media/inflation-rocks-businesses-owners-warn-americans-cutting-home-improvements-service-expenses After 43 years cancelled Buffalo News home delivery , 3 months ago stopped buying beer. I lived thru inflation early 80's maybe I was too young to care , well being retired does have limitations. Unrelated, but curious. I cancelled Buffalo news a few years ago. What’s the going rate these days for home delivery? Link to comment Share on other sites More sharing options...
ALF Posted June 21, 2022 Share Posted June 21, 2022 13 minutes ago, PetermansRedemption said: Unrelated, but curious. I cancelled Buffalo news a few years ago. What’s the going rate these days for home delivery? Latest offer to me $702 a year but starting Jun 20 a extra $5 per month fuel surcharge for the next 4 months. 2 Link to comment Share on other sites More sharing options...
Chef Jim Posted June 21, 2022 Share Posted June 21, 2022 2 hours ago, ALF said: Inflation rocks businesses as owners warn Americans are cutting home improvements, service expenses Businesses say customers putting off roof replacements, house cleanings and AC repairs due to rising costs https://www.foxnews.com/media/inflation-rocks-businesses-owners-warn-americans-cutting-home-improvements-service-expenses After 43 years cancelled Buffalo News home delivery , 3 months ago stopped buying beer. I lived thru inflation early 80's maybe I was too young to care , well being retired does have limitations. You might want to rethink the highlighted. LOL But seriously. I quit drinking a few years ago. Yes I do partake occasionally so I'm not 100% teetotaling but the money I've saved by sticking with water has got to be astounding. LOL My wife fully retired 1/1/22 and I semi-retired so I've started looking at prices more closely. Never did that before. I'd just throw ***** in the shopping cart. Not anymore. 1 Link to comment Share on other sites More sharing options...
SoCal Deek Posted June 21, 2022 Share Posted June 21, 2022 1 hour ago, ALF said: Latest offer to me $702 a year but starting Jun 20 a extra $5 per month fuel surcharge for the next 4 months. Canceled my local newspaper years ago. Believe me, you won’t miss it. 1 Link to comment Share on other sites More sharing options...
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