Inflation May Get Much Worse

[Crow Bar]

Inflation May Get Much Worse This Summer, and Could Linger ‘Many Years’, Experts Warn

Inflation May Get Much Worse This Summer, and Could Linger ‘Many Years’, Experts Warn

[BarrensHomey]

My daughter told me yesterday that inflation is at 8%. I laughed and replied it’s closer to 28%. She was aghast.

[Crow Bar]

I dont recall who it was, but some guy (economist) will crank the numbers using the old way the calculated inflation. He said it was closer to 15%.

[Loving Life]

You can follow the inflation numbers using the 1990 and 1980 calculations at shadow stats. The numbers are quite high using those stats.

May 2022 year-to-year CPI-U inflation hit a 41-year high of 8.6% with the ShadowStats Alternate “Corrected” CPI at a new 75-year high of 16.8%.

http://www.shadowstats.com/alternate_data/inflation-charts

• This reply was modified 8 months, 2 weeks ago by Loving Life. Reason: Added inflation numbers

[Crow Bar]

Yep, that sounds about right.

The FED is expected to raise interest rates by 75 points today.

[Whirlibird]

How long did the economic crisis and inflationary issues of the late ’70’s last?

The numbers may scare you.

[Loving Life]

The Great Inflation lasting from 1965 to 1982 led economists to rethink the policies of the Fed and other central banks.

Between 1965 and 1981, annual inflation averaged more than 7 percent. In 1979 and 1980, average inflation peaked at almost 13 percent a year. The story of the Great Inflation begins with deficit spending.

But the Biden Administration is sure that they can spend their way out of the current situation! Do we ever learn? History repeats itself.

[Crow Bar]

But the Biden Administration is sure that they can spend their way out of the current situation! Do we ever learn? History repeats itself.

Right??

The initial The Inflation Reduction Act was $4t. Then reduced down to $2t.
Now as it stands it is only $369b, thanks to Manchin (d-WV).

[Tolik]

At least Nixon ordered a price freeze . Cant be done now , with a Communist ……….er , I mean , Globalized economy .

[Loving Life]

Price controls failed miserably in the 1970s. As a young child, I remember the long gas lines.

Rather than price controls, the other more directed option is tariffs.

Also, why are selling out Petro reserves to other countries?

[Tolik]

Poor attempt yes , but at least it WAS an attempt , this bozo couldnt find his ass , if he tried with both hands , and a tape worm for a guide .

[Crow Bar]

President Biden Explain (Again) That The US Economy Is Not In Recession, ‘No Way Man!’
https://www.zerohedge.com/markets/watch-live-president-biden-explain-again-us-economy-not-recession-no-way-man

[Loving Life]

If you don’t admit you have a problem (recession), then you don’t have to address it (recession).

Remember inflation is only transitory, then only temporary….

The next changed definition will be stagflation.

[Author]

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