INFLATION IS SLOWING - YOU THINK?

15 Feb 2023 12:08 #1 by ramage
Does anyone who goes to the grocery store or to the gas station and purchases food and gas think that inflation is slowing?

"Let me be blunt here…

The Fed raised rates from 0.25% to 4.75% in less than a year… while also draining $500 BILLION in liquidity from the system… and all it did was SLOW the pace at which prices are still RISING?

And that is a big win?

Oh and by the way, the BLS just changed its methodology for how it calculates inflation this year for some odd reason (hint: political pressure from the White House). If we calculated January’s inflation numbers using the methodology that was applied in December (a mere 30 days before) inflation would be rising at an annualized rated of…

9.6%.

WHOOPS!

www.zerohedge.com/news/2023-02-15/bigges...ats-saying-something

Please Log in or Create an account to join the conversation.

15 Feb 2023 13:29 #2 by FredHayek
Colorado's inflation is worse than national trends, (thank you Democrats!) but the plus 6 percent nationally is still too high and Democrats on Twitter just cry out for more spending.

Thomas Sowell: There are no solutions, just trade-offs.

Please Log in or Create an account to join the conversation.

Time to create page: 0.134 seconds
Powered by Kunena Forum
sponsors
© My Mountain Town (new)
Google+