Members banned from this thread: AProudLefty and ParachuteAdams


Page 1 of 3 123 LastLast
Results 1 to 15 of 43

Thread: Yikes: Wholesale inflation spikes up to new record 9.7% for 2021

  1. #1 | Top
    Join Date
    Sep 2009
    Posts
    107,358
    Thanks
    5
    Thanked 19 Times in 18 Posts
    Groans
    0
    Groaned 2 Times in 2 Posts

    Default Yikes: Wholesale inflation spikes up to new record 9.7% for 2021

    A key inflation measure climbed to a record high in 2021.

    The US producer price index, which tracks what America’s producers get paid for their goods and services on average over time, rose 9.7% last year, not adjusted for seasonal swings.

    It was the biggest calendar-year increase since the data series began in 2010, according to the Bureau of Labor Statistics.

    https://www.cnbc.com/2022/01/13/wholesale-prices-up-0point2percent-in-december-less-than-expected-but-still-a-new-12-month-record.html



  2. #2 | Top
    Join Date
    Sep 2009
    Posts
    107,358
    Thanks
    5
    Thanked 19 Times in 18 Posts
    Groans
    0
    Groaned 2 Times in 2 Posts

    Default

    The number of Americans filing first-time claims for unemployment benefits rose last week to 230,000, the Labor Department reported on Thursday.

    The number is 23,000 higher than the prior week’s 207,000. The four-week moving average was 210,750, an increase of 6,250.

    “The question now is whether inflation will peak over the coming months, or if continued price pressures will prompt the Fed to remove monetary accommodation more aggressively,” BCA Research wrote in a note to clients Thursday.

    “Our base case is that CPI inflation will moderate over the coming 6-12 months as the pandemic situation improves which will ease supply-side disruptions and support a rotation in demand from goods to services,” the note added.

    “Businesses are worrying about rising input and wage costs, while households are distressed at the surging consumer prices, and they both have cause for concern,” economist Joel Naroff said in a statement Wednesday. “Inflation jumped again in December, though the pace was down from what we saw in October and November. Since December 2020, prices were up 7%, an increase not seen since the wage/price inflation spiral days in the early 1980s. Excluding food and energy, the rise over-the-year was the greatest in 30 years.”


    https://www.usnews.com/news/economy/articles/2022-01-13/jobless-claims-rose-last-week-wholesale-inflation-hit-a-record-in-december

  3. #3 | Top
    Join Date
    Feb 2020
    Location
    margaritaville
    Posts
    19,400
    Thanks
    7,944
    Thanked 9,501 Times in 6,537 Posts
    Groans
    18
    Groaned 507 Times in 480 Posts

    Default

    Not good,....not good at all. I hear tell that it is mighty hard for politicians running to get re elected with those kinds of horrible economic numbers.

  4. The Following 2 Users Say Thank You to Stone For This Post:

    Earl (01-13-2022), Primavera (01-13-2022)

  5. #4 | Top
    Join Date
    Jun 2020
    Location
    Phoenix
    Posts
    21,196
    Thanks
    7
    Thanked 10,203 Times in 7,199 Posts
    Groans
    2
    Groaned 309 Times in 287 Posts

    Default



    https://news.gallup.com/poll/167873/...%2015%20issues.

    It's pretty damn clear that the Democrats are not focused on what Americans think is the biggest problems facing the country but rather on consolidation of power for themselves. They are going to get royally ass fucked in November.

  6. The Following User Says Thank You to T. A. Gardner For This Post:

    Earl (01-13-2022)

  7. #5 | Top
    Join Date
    Jan 2019
    Posts
    37,390
    Thanks
    56,209
    Thanked 16,299 Times in 12,495 Posts
    Groans
    32,742
    Groaned 2,366 Times in 2,216 Posts
    Blog Entries
    6

    Default

    Wholesale inflation spikes up to new record 9.7% for 2021

    Good grief.

    These incompetent boobs are destroying our country and harming Americans.

  8. The Following 2 Users Say Thank You to Earl For This Post:

    anatta (01-13-2022), Primavera (01-13-2022)

  9. #6 | Top
    Join Date
    May 2012
    Location
    life
    Posts
    51,799
    Thanks
    13,000
    Thanked 21,949 Times in 15,393 Posts
    Groans
    246
    Groaned 1,900 Times in 1,811 Posts

    Default

    OMG

  10. The Following User Says Thank You to anatta For This Post:

    Earl (01-13-2022)

  11. #7 | Top
    Join Date
    Feb 2020
    Posts
    16,756
    Thanks
    11,751
    Thanked 7,988 Times in 5,863 Posts
    Groans
    478
    Groaned 200 Times in 199 Posts
    Blog Entries
    15

    Default

    But there are no mean Tweets!
    IMPEACH 46

  12. The Following 2 Users Say Thank You to ExpressLane For This Post:

    Earl (01-13-2022), Primavera (01-13-2022)

  13. #8 | Top
    Join Date
    Sep 2009
    Posts
    107,358
    Thanks
    5
    Thanked 19 Times in 18 Posts
    Groans
    0
    Groaned 2 Times in 2 Posts

    Default

    Quote Originally Posted by T. A. Gardner View Post
    It's pretty damn clear that the Democrats are not focused on what Americans think is the biggest problems facing the country but rather on consolidation of power for themselves. They are going to get royally ass fucked in November.
    Polls?



    What makes you think they can't steal the midterms, too?

  14. #9 | Top
    Join Date
    Sep 2009
    Posts
    107,358
    Thanks
    5
    Thanked 19 Times in 18 Posts
    Groans
    0
    Groaned 2 Times in 2 Posts

    Default

    Quote Originally Posted by Stone View Post
    I hear tell that it is mighty hard for politicians running to get re elected with those kinds of horrible economic numbers.
    Not if they're DEMOCRATS.

  15. #10 | Top
    Join Date
    Jan 2019
    Posts
    37,390
    Thanks
    56,209
    Thanked 16,299 Times in 12,495 Posts
    Groans
    32,742
    Groaned 2,366 Times in 2,216 Posts
    Blog Entries
    6

    Default

    Quote Originally Posted by Legion View Post
    Polls?



    What makes you think they can't steal the midterms, too?
    The Republicans had an army of lawyers and poll watchers at the Virginia elections.

    They swept the field.

    Hopefully, this will happen again in November.

    One can only hope for fair elections.

  16. #11 | Top
    Join Date
    Sep 2009
    Posts
    107,358
    Thanks
    5
    Thanked 19 Times in 18 Posts
    Groans
    0
    Groaned 2 Times in 2 Posts

    Default

    Quote Originally Posted by Earl View Post
    The Republicans had an army of lawyers and poll watchers at the Virginia elections.
    What makes you think the GOP can muster that kind of election integrity again?

    Now the DEMOCRATS know what they must do, like they did in New Jersey at the same time.

  17. #12 | Top
    Join Date
    Dec 2018
    Posts
    5,613
    Thanks
    4
    Thanked 2,512 Times in 1,718 Posts
    Groans
    0
    Groaned 288 Times in 268 Posts

    Default

    Quote Originally Posted by T. A. Gardner View Post


    https://news.gallup.com/poll/167873/...%2015%20issues.

    It's pretty damn clear that the Democrats are not focused on what Americans think is the biggest problems facing the country but rather on consolidation of power for themselves. They are going to get royally ass fucked in November.
    It's a good thing it's not 2014. I don't think the Democrats have to worry about what people thought 8 years ago in the upcoming election.
    Pardoning the Bad, is injuring the Good.

  18. #13 | Top
    Join Date
    Feb 2020
    Location
    margaritaville
    Posts
    19,400
    Thanks
    7,944
    Thanked 9,501 Times in 6,537 Posts
    Groans
    18
    Groaned 507 Times in 480 Posts

    Default

    Quote Originally Posted by Legion View Post
    What makes you think the GOP can muster that kind of election integrity again?

    Now the DEMOCRATS know what they must do, like they did in New Jersey at the same time.
    We have some other tricks up our sleeve. Where they will stay safely tucked until election day.

  19. The Following User Says Thank You to Stone For This Post:

    Earl (01-13-2022)

  20. #14 | Top
    Join Date
    Jan 2019
    Posts
    37,390
    Thanks
    56,209
    Thanked 16,299 Times in 12,495 Posts
    Groans
    32,742
    Groaned 2,366 Times in 2,216 Posts
    Blog Entries
    6

    Default

    Quote Originally Posted by Legion View Post
    What makes you think the GOP can muster that kind of election integrity again?

    Now the DEMOCRATS know what they must do, like they did in New Jersey at the same time.
    There is a glimmer of hope.

    The Republicans are getting record donations. They better spend some on lawyers and poll watchers.

    We shall see.

  21. #15 | Top
    Join Date
    Nov 2017
    Posts
    15,805
    Thanks
    680
    Thanked 3,883 Times in 3,146 Posts
    Groans
    228
    Groaned 126 Times in 124 Posts

    Default

    Quote Originally Posted by Poor Richard Saunders View Post
    It's a good thing it's not 2014. I don't think the Democrats have to worry about what people thought 8 years ago in the upcoming election.
    Today unemployment is 3.9% and there are 10.4 million job openings--that hardly seems an issue.

Similar Threads

  1. Fed's inflation measure holds at record annual pace for fourth straight month
    By Stringfellow Hawk in forum Current Events Forum
    Replies: 0
    Last Post: 10-29-2021, 07:43 AM
  2. August wholesale prices rose record 8.3% from a year ago
    By dukkha in forum Current Events Forum
    Replies: 0
    Last Post: 09-10-2021, 11:12 PM
  3. Replies: 1
    Last Post: 06-16-2021, 07:24 AM
  4. Yikes poll lol
    By Darth Omar in forum Current Events Forum
    Replies: 5
    Last Post: 08-19-2020, 07:30 AM
  5. Donde Los Yikes!
    By Cypress in forum Off Topic Forum
    Replies: 1
    Last Post: 05-13-2008, 08:23 PM

Bookmarks

Posting Rules

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •