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While some of the so-called transitory factors like used car prices, airfares, and apparel continue to ease after sharp run-ups in earlier months, inflation is broadening out," said Greg McBride, Bankrate senior analyst. "Food and shelter increases together contributed more than half of the seasonally adjusted increase in the CPI. With home prices soaring and rents surging, this may just be the tip of the iceberg."
GOLDMAN SACHS SLASHES GROWTH FORECAST FOR 2021 AND 2022
The news comes as inflation fears percolate among some economists who worry that the
rising prices are not just transitory, as the Federal Reserve contends.
The Fed has maintained interest rates at near-zero since the start of the pandemic, a stance that has received plaudits from some economists but has caused others to fear that the central bank may be contributing to inflationary pressure.
https://www.washingtonexaminer.com/n...very-continues
so what do Dems do? toss in another 6T in spending..
gas prices up $1.25 and going up since Bidens elections
food prices go up virtually every week I go shopping
car prices -virtually everything -now it's cotton and apparel
Earl (10-13-2021)
Over a 10-year period, the shale revolution also created a vibrant and prosperous industry in the U.S. reviving rural areas and bringing top-paying jobs to those involved. Two consecutive presidents had the good sense to stay mostly out of its way.
In fact, former President Barack Obama has tried to take credit for the invention of fracking and horizontal drilling , or perhaps even for putting all that oil under the ground in the first place.
Now, President Joe Biden is trying to throw away the independence, prosperity, and carbon emissions reductions that fracking has conferred upon the nation. All this just to appease environmental extremists whose support he needs and who think it is possible to wish away humanity’s need for abundant energy.
The price of this idiocy is being reflected at the pump every time you fill up. You may have noticed the price of gasoline is up almost 50% from where it was a year ago. It is now at its highest point in seven years.
Biden, whose first acts in office included a ban on domestic oil exploration on federal land and the cancellation of a needed oil pipeline, has responded to this situation not by encouraging more domestic production. Instead, he repeatedly approaches OPEC, hat in hand, begging the cartel and even the Russians to produce more oil for him. To see him beg foreign enemies to save his political standing is genuinely pathetic and degrading.
There is ample capacity for additional domestic production. Oil production in late 2019 reached significantly higher levels than where it is now. Under better circumstances, the higher prices would inspire still more production within the U.S.
But Biden appears to believe that as long as oil is coming from somewhere else, it doesn’t affect the climate. He may not be sharp enough to realize the joke is on him.
The U.S. is currently in the grip of a supply chain crisis. The Biden administration — already hopelessly incompetent in dealing with regular presidential duties, such as withdrawal from Afghanistan, border enforcement, and COVID-19 — has not the slightest clue how to fix it.
Imported oil arrives in tankers.
https://www.washingtonexaminer.com/n...very-continues
" Consumer prices rise 5.4% on year, highest inflation in 13 years"
Thanks to Bloody Biden.
Earl (10-13-2021)
And that is still pretty low. That is the inflation rate that existed, or more, for the first 30 years of my life.
Earl (10-13-2021)
evince (10-13-2021), Phantasmal (10-13-2021)
No.
Consumer prices rise 5.4% on year, highest inflation in 13 years
CPI
2020 1.23
2019 1.81
2018 2.44
2017 2.13
2016 1.26
2015 0.12
2014 1.62
2013 1.46
2012 2.07
2011 3.16
2010 1.64
2009 -0.36
2008 3.84
2007 2.85
2006 3.23
2005 3.39
2004 2.68
2003 2.27
2002 1.59
2001 2.83
2000 3.38
evince (10-13-2021)
See these idiots don’t want infrastructure built
They want the nation to crumble
They don’t pass infrastructure while they are in office
And fight it when they are out of office
What happens to a nation that NEVER maintains or builds infrastructure?
Fucking evil idiots
Phantasmal (10-13-2021)
Phantasmal (10-13-2021)
Prices are rising, demand push, with the economy down last year production dropped off, so with the economy improving, more money is in circulation, we have demand up and supply down, prices will reside till they reach an equilibrium point, basic economics
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