Finally! Good grief, it’s been a long wait to see someone on the TV pointing out the obvious.
CNBC’s Steve Liesman points out what all the financial pundits keep ignoring.
The price of raw material at origination is still climbing…. which means the prices of intermediate manufacturing goods will keep climbing… which means the prices of finished goods (to wholesalers) will keep climbing….. which means consumer prices will keep climbing. WATCH:
♦Here’s the kicker. The rate of raw material price increases are still higher than the rate of intermediate price increases, which are still higher than the rate of price increases in finished goods, which are still higher than the rate of price increases in consumer goods (retail).
As long as the rate of price increase for raw material, the very first step in the supply chain, remains higher than the rate of the price increase for the next step in the process, then you can guarantee future prices will go up. It’s a simple and commonsense way to look forward when evaluating inflation.
If the stuff starts at a higher price (day one), the end product at day 90 will be at a higher price than today. This is how you can tell that inflation is not slowing down. The first sign of inflation easing is when the rate of inflation for raw material is lower than the rate of inflation in the next step.
Liesman is as socialist/Dem as they come, part of why I stopped watching CNBC 2 years ago. If he is pointing this out it’s very bad and even he knows he can’t gloss over it.
that said, I wonder if it will still be “unexpected” when a new report comes out… but but but that clown on CNBC said it, so why is it so surprising still???
They know it gets much worse from here. They’ve lost so much audience pimping for the O’biden regime, I guess they decided to sit this lie out.
I see an “investigation” in his near future.
It’ll be a scandal involving Liesman and Manchin. Even the FIB need to economize.
Liesman did not get the memo from the WH about tamping down bad economic news. Expect a sudden leave of absence while he attends Camp Bidenomics for retraining.
Liesman will be streaming on CNN with Chis Wallace. CNN is building back better.
LOL
They gotta preserve what little credibility they have left. Some of them know what’s coming.
Even the credibility price index of lipstick for the pig is going up faster than nominal inflation.
Everyone who used to watch CNBS stopped years ago because so many of their reporters were tool. Liesman is a Fed tool. They have an auto industry tool and many other specialized tools.
I think many factors involved. Its blowing up in the dems faces. They can’t manage the economy credibly and Trump could. Its too prevalent to be ignored. Dem policies are creating it. The media cant spin it convincingly for FJB and FJB himself is totally expendable and seen by both sides as an idiot.
Anything on any NBC affiliated channel is leftist.
He can’t continue to polish the brown themy-majiggy any longer…UNTIL the EXCESS is taken out and the government monetary policies get under control…this is what we’ll have and there will be further shrinkage of the monetary in the middle class…
We are in for a long hard time. Corruption of our leadership over many years has led to this, and nothing short of something deeply jarring will help reverse course.
They’re dead-enders!
Pelosi is 82 and worth $46M. Been in Congress since 87, most of my lifetime. Its not like she’s working for the paycheck.
She’s working hardest, as are most of them, to stay out of jail.
IMHO, they are never going to jail.
Yes they are and it is one of their own making but it is not of this world.
They don’t fear jail because they know there is a remote chance of them being jailed.
IMO they are working for more and more graft. Their bank accounts are never full enough.
Don’t get me wrong, I have absolutely no problem with people having lots of money and the things money can buy. My problem is when elected officials use their office for their own personal enrichment.
I would bet she is banking the paychecks, She will work till dead covering her crimes.
Sorry, being dead does not cover her crimes against “We The People”. Never.
Including, especially, “The Turtle”.
wrong…with husband they are worth $200 million…
The couple are guilty of Insider Trading up to their necks. There should be a law against that.
Agree. a torches and pitchforks raid on “leadership” to relieve them from the millions stolen from “We The People”. Accountability; until there is personal consequences recognized by the elites, there will be no resolution.
“… and nothing short of something deeply jarring will help reverse course.”
I wonder if around the clock hangings–live on every channel–would be “jarring” enough?
The thing I remember about studying economics was that every thing made common sense. I realized then why many of the students outside of the STEM programs said economics was very hard.
Yes, the way it is taught seems to make common sense. But, the fly in the ointment is that the real world is not the way it is taught in college classes to econ majors. Notice how climate models have been wrong – forever? And, they keep on updating them and assuring us that they are now fixed? Well, economics has gone down this road of computer modeling too. It is just too tempting not to – it looks impressive and it is fun. The trouble is – they cannot successfully model a chaotic system – there is simply too much complexity. One thing in economics is incentive – and it is so important that, if not included, makes for extremely poor results. It forms a feedback loop with prices in the markets, and the end result is that just when you think you will have a shortage, there is too much, and just when you think there will be too much, the market participants respond and there is a shortage.
In the markets, it only looks simple – using common sense – if you don’t bet money on it.
Of course, this is all way, way, way beyond the batshit crazy liberals.
And the STEM students all
thoughtknew that Economics was a myth.Eons ago, I was walking once with one of my math teachers along a classroom where they had had an econ class. On the blackboards they had all kinds of “graphs” and “equations”. My professor got really pissed off and walked into the empty classroom and started to write “bogus”, “not real equations” and stuff like that all over the blackboards. I agreed with him.
Mind you, I thought math was a bit of a myth myself, since I strongly believe that Physics is the One and True Science… but, I had to agree with my Prof that all that Economics stuff is BS.
“The only function of economic forecasting is to make astrology look respectable.” ~ John Kenneth Galbraith
And so the only function of Climate Forecasting is to make economic forecasting look plausible?
He may have been right on that…
… but on the rest, not so much.
It’s like liberal dummies screaming to tax businesses. It’s a pass through as COG (Cost of Goods) and will be passed onto the customer.
The swamp is playing Russian Roulette with you and I, the more pain the better.
The Great Reset.
Note: I believe the Great Reset is giving us the Great Awakening at that point, they will not be able to walk down the street.
Part of this generalized ignorance regarding what should common sense economics stems from the concept of participation trophies. The majority of the current generation of consumers never had to study or work to develop critical thinking skills. They don’t just come off as dumb, they really are that stupid.
Joe says you’re just confused, he’s doing a great job. You simply fail to understand how good he is at presidenting.
He finished at the top of his class at president school, too.
Not to mention how good that (d)octor Jill is at first ladyin’! 😉
Noticed how they keep calling Jill Biden a “doctor”?
All she has is a PhD in “Education” which is, in terms of difficulty, something like freshman year in Physics and Math.
I mean, all them lawyers are JDs… and why don’t they call Senator Rand Paul a “doctor”? Heck, he’s an MD.
Dem’s love phonies.
Dems love labels.
So basically Dr. of polluting kid’s minds I guess.
If you get the chance, find and read her thesis online. I wrote a book report that was more in-depth…..in eighth grade.
The great humanitarian and pudding salesman Bill Cosby was also a “doctor” of education.
Remember the picture of him and his whatever with the Carters?
And how the bidens both looked huge compared to the Carters?
That was his plan. To outdo Carter in inflation.
😄
The distortion of the wide-angle lens made the Carters look like dwarves in the center, while Joe and Doctor Jill look like giants at the edge of the frame. And Jimmy Carter’s giant clown shoes in the foreground. That was just too awful.
To which The Brandon’s chief economic advisor, sans portfolio, the Reverend Jim” Ignatowski, affirmed with a robust , “Okeee Doke!”
Whose fault is it?
White supremacists
Non-jabbed
or
Climate change?
I will go with climate change and the only solution is Build Back Better or we will die and the planet will explode. Final answer!
But notice that the DemoFascists / DemoCommunists / Globalist LEFT have provided us with a complete smorgasbord of false reasons to assign blame so as to try and avoid any responsibility for causing any of this.
Or so they think….
And they have their investments aligned to make lots of money out of this. They planned it, they are executing it, they know where to put their money. Life is good for deep state. They are like a casino They always win.
Why on earth would anybody believe they’re lying eyes or they’re shrinking bank account/S
Musk to the rescue! Climate change? Pfffft!
https://www.rebelnews.com/elon_musk_announces_development_of_co2_based_fuel_offering_potential_solution_to_climate_change
Wow! Thanks for posting that. Very interesting and worth the read.
Back in the 80’s I used to get a publication from NASA and it articles about the technologies they were developing and releasing into the public domain so they could be used to create new products by the private sector.
It was called NASA Tech Briefs. I read them, too. It was good to know where our taxes were spent. The theory was all that spending was okay if only 10 percent bore fruit.
Steve Liesman is such a lap dog for the Fed, he makes me nauseous. Maybe for his next act he can address the $4.2T of bond buying and Biden $1.5T spending blowout. Good Grief! Are economists in short supply these days?
“Economists” like “experts” are a dime a dozen…if you can’t do… then become one of these…
Reminds me of the old yarn…
Hiring manager brings in three applicants, a mathematician, an accountant, and economist for a position.
Asks all of them the same question in the interview, what is the square root of 9?
Mathematician responds; “3”
Accountant Responds. “3, plus or minus 1”
Economist responds. “What do you want the answer to be?”
Good one!!
The current crop of “economists” are just like the current crop of “journalists” on the alphabet networks. Their job is to push the propaganda. Nothing else. Facts have no place in propaganda.
i also think that, like so many other professions, what remains of the crop is rapidly diminishing talent. these schools crank out complete morons and its only a matter of time before some fundamentals start breaking down because of it.
The world can do without self-aggrandizing “journalists” and economists… what happens when no one is left who knows how to run a power plant?
That reminds me — doesn’t AOC have a degree in economics?
😱😱😱😱 Yep!!!
Probably Political Economics and not Real Economics.
from CUBA????
This is Liesman trying to help CNBC recover some credibility after the thrashing they took last week from Cramer telling us this economy is doing great.
Good theory, normally Liesman/CNBC would be more than willing to spin this more positive for the O’biden regime. He usually lives up to his name.
Too bad Rick Santelli haven’t been around lately to rip Liesman on his dumb commentaries.
it will be even worse if they ram the BBB through and do away with most pipelines and refineries in america.
Build Back Broke
They don’t want folks driving
The people causing this inflation are prepared for what’s coming. In fact they will do really well.
Correct! They are buying up prime land and property. They intend to rent it back to the plebs!
“You’ll own nothing and be happy “😖
Start raising interest rates, for Pete’s sake! Start slowly…0.25-.50, let Wall Street have its fainting spell for a couple of days, before it starts climbing again…and keep going.
And yes, I know it would be a problem for the debt, but hell’s bells…someone has to start getting serious about this. I want Milton Friedman back! Or his twin brother.
We just got a fun phraseology out of chuckling Schumer that says the American People. Can now rest assured that the government won’t default.
Hah… no they just unilaterally raised their credit limit by 2.5 milllion
Try that with your own credit cards and let me know how it works out for ya
When rates rise, even a little but there’ll be hell to pay.
Do the math, at some point very soon the debt is so large that it becomes unservicable.
When rates are near zero (now) the federal makes it seem like the ride is free… just like the pedo van with the “free” ice cream
The ride is NEVER free
The government is full of pedophiles willingly raping your children and grandchildrens futures by enslaving them with this unpayable debt.
It all lands on our children and grands. But no matter, says the government and the Fed. What matters to them is now and nothing else.
Agree completely. Debt being un-serviceable is a finite number, soon to be realized with rising interest rates. Heads up for your children and grandchildren. An unrecognizable world environment for them.
How does raising interest rates produce the millions of barrels of oil in the United States that Biden removed from production???
I think we’re talking about more than oil here. Much more. Oil is a specific topic all by itself.
My comment is about how the Fed, all by its lonesome has fueled every bit of the life crushing inflation we see now. And of course that affects every raw material, labor, product that is being discussed.
Another thing. There was a time when the phrases “ahead of the curve” and “behind the curve” were heard with every monthly meeting. Was inflation getting too hot? Then the Fed was supposed to step in and moderate in advance of getting inflation which was out of control, as it is now. Somewhere along the line, they stopped using those phrases. On purpose no doubt, and they decided on an arbitrary 2%, which they considered to be the perfect inflation rate.
So by manipulating the fake CPI basket of goods to show that that 2% was elusive and not being met, they continued to lower interest rates until they were essentially negative. In the meantime, in the real world, inflation was roaring ahead. Controlling it is one of their three mandates. The Fed lost control in pursuit of keeping debt repayments low. They have boxed themselves…and us…into a corner.
Tomorrow Powell will speak after the monthly Fed meeting to either waffle yet again or actually address what they have done which is impoverishment millions upon millions. It should be interesting.
Learning and living economic economic history, real-time. What public schools and parents off loading parenting while pursuing the unattainable Kardashian facebook lifestyle, the economy will cement their poor decisions. They have completed economic Darwinism on themselves and their spawn.
You ain’t seen nothing yet….Wait till China invades, takes over Taiwan and Russia invades, takes over Ukraine….Then you’ll see prices soar….
We’ll see a lot more than prices soar. Going to war is the worst move this country could ever make, especially with President Poopy-Pants” and his cadre of insolent communists in charge. I think we learned a stridently clear message with the abysmal withdrawal from Afghanistan.
Where’s Rick Santelli?
Another uncomplicated but seriously important lesson in CTH University’s’ ongoing Macroeconomics Class.
Let’s go Brandon
Each step of the process, producing raw material, intermediate manufacturing/processing, delivery to the wholesaler, delivery to the retailer, uses energy (read OIL). It is not a great leap of logic to wonder “hey, is the Biden energy price spike the underlying driver of ALL the price inflation in EACH step in the process?” Is the entire thing fixable with ONE policy reversal? Open the pipeline, resume oil production, and flood the world market with cheap American oil.
” … I got hairy legs that turn, that, that, that turn blonde in the sun. And the kids used to come up and reach into the pool and pull and rub my leg down so it was straight, and watch the hair come back up again … So I learned about roaches. I learned about kids jumping up my lap. And I love kids jumping up my lap.”
Words for the Ages! 😄
October’s number was 8.8 and November’s number was 9.6 so this is how it will go: “Inflation is only .8% and NOT 9.6% which is bad enough but the White House is working on the solution. Get your Covid booster. If everyone gets vaccinated there will be no more inflation.”
Finally! A Socialist points out why the majority are not Socialists. They can’t afford to be!
Makes sense, Sundance. I can’t watch the MSM. It infuriates me. I just keep my head down and work. Prepping as best I can.
It’s going to be a rough ride here next year. Better get stuff you need now. Tires, batteries, stored food items and sundries, clothing, medicines, nutraceuticals, vitamins and a darn emergency generator. We can almost be assured that there will be rolling brown or black-outs.
I got a medium sized Champion 4 kW dual fuel inverter generator. It will run essentials and uses propane gas or gasoline. The small 25 pound BBQ tanks work perfect for the task and the gas stores for 20 to 30 years (if there are no leaks in your valve). I started storing gasoline with fuel stabilizer until I realized we have two big gas storage facilities in our driveway.
There’s really just too much to recommend doing, unless you’re just topping off. Mike Adams has some great prepping ideas and videos.
Paying off debt was a big goal. We’ll still owe taxes on our house and land; yet a bank can’t hammer us.
I’ve even started working out again at 69 years old. Not too old. It’s the new 49.
Unless you’re “Vaxxed,” wherein 19 is the new 59.
Sound advice. Preparing similarly. Need tires for one more vehicle but the other two are fully serviced. Freezer is full as is pantry and shelving. House is paid off and -0- debt other than monthly bills and property taxes and home owners insurance (yearly and property taxes got paid for 2022 yesterday).
I am to the point that even if there could be some reprieve to soften this I don’t want it at this time. These idiots need to learn and feel so much pain they will never go down this path again. Yes, I/we will feel the same pain as them, but we know what is about to happen. These idiots including that worthless pile of trash Paul Crapman need to finally understand.
The ultimate red pill. The quicker the better.
The American worker needs to start charging more for private services to any Govt’ worker, or Democrat voter.
Charge them double and don’t stop until they learn from their mistakes of taxing us all so much. If you want to be on the Govt’ dole there needs to be a fair share paid for that luxury. It should be double what a private sector worker has to pay.
They’ll just run up the price gouging flag and persecute you.
Better to just refuse them service.
But, build back better…
It’s amazing to me you even have to explain this simple of economic concept, Sundance. But here we are and I am happy you did. These are the same people who say unvaccinated people without COVID are the spreaders of COVID to people who are vaccinated. Which are the same people wearing masks who are angry at people who are not wearing masks for fear they may get COVID. So, the common sense is just not there. Half the population has been dumbed down to ignoramus status from getting their information from the TV..
**** NEWS FLASH ****
It has just been discovered that 2+2=4
Also, too many dollars chasing too few goods and … bingo … everything costs more.
Amazing how that always seems to work out that way.
Always has … always will.
Which means, the democrats … excuse me, I mean socialists … will spend their way into our poverty. They don’t give a rat’s ass … they’re living off the taxpayers’ dimes and will raise their take anytime they want.
Let’s see how popular open borders are when the unemployment rates hits 10%.
Won’t happen because they are all undocumented.
Cost accounting is a foreign language.
It is a basic principle of economics. It’s nice they finally pulled their collective heads out of their butts. I think our former President Trump said this very thing would happen. Hmm, imagine that he was right again.
And it took less than 37 seconds.
I’m not an economics-guy, but I get it. Unfortunately, the Svengali media will convince their brain-dead followers that this is all due to SARS-CoV-2 and that all we need is BBB. These are conversations I expect to be having in the future with my CA moonbats.
Either carry the torch, or carry the water, either way you will do as you’re told…..
CNBC’s Steve Liesman retiring, to spend more time with family in…4…3…2……
Ms redb**** bad will claim it’s another false statement just like she did when CBO & WSJ confirmed Build Back Broke actually adds $3 trillion to the current $28 trillion debt. The devil’s army never rests…
I would say the CBO will likely have underestimated the addition to the debt by at least a factor of ten, once a few years have passed.
Sundance’ essays are actual facts of how things actually work.
COVID, NAFTA-USCMA, China tariffs, inflation, Stimulus, and on and on. Months and months in advance of anything on TV, if ever.
The TV heads catch up, kinda, but show no understanding of what they are parroting.
Ignore every “explanation” by the pundits. They are wrong and don’t have the facilities to understand how wrong they are.
Inflation is here, will continue to go up, until the price of raw materials drops and goods once again move freely. Its so basic a 3 year old would understand. Just not the pundits. Ignore them.
Thank You! and F*ck them!
All roads lead to the globalist master plan to collapse the entire world’s current economic structure. The ensuing kaos will allow them not only de-population but the chance to bring in a totally new form consumer exchange and the abolition of all sovereign borders and political structures , included is also the destruction of all past history and social structures.
It is written, in their own words.
True.
But some of us aren’t going to lay down in submission so easily.
They have their words written, but so do we!
I never said any different.
At this stage if you objectively look at the big picture they are winning and not by a small margin either, you or anybody else can point to protests and pushbacks happening in a variety of ways but these are mere skirmishers not unanticipated by the enemy, the same applies to moves yet to be made.
Hell, I’ll say it, it’s gonna be a shooting war soon!! Covid was a ” wound your weakest enemy 1st”around the whole world. Next is rolling internet and financial blackouts followed by importing foreign troops to repel the 1st skirmish and set up martial law.
I would also add that Putin, Xi and Modi aren’t playing the WEF plan. Consider the status of Ukraine and Taiwan. Those three no doubt see the WEF plan but have plans of their own.
You are a smart man mark, I have studied the scum for thirty yrs , in that time I have learnt to think as they do , my predictions if not spot on don’t miss by much, Putin is the only world leader with any clout that has stood up and actually beat the NWO scum and regardless of what most think Russia is no threat .
I can explain why.
In my opinion the South China Sea coupled with Taiwan will be the Flashpoint of the next planned conflict , once again I can explain my reasoning .
If you read and respond I will say more .
Cheers nice to know I am not alone !
Russia is no threat to the world they are growing and protecting Christians. If anything happens between USA and China, I would think Putin walks across the Bearing Strait.
South China Sea and Taiwan? mho is China stops just short of Japan for a while to see the non response from the world and reload so to speak.
Your response would be greatly appreciated.
And I would add Merry Christmas to you Mungrel and as Sundance says ” live the best life that you can”. But just from reading you here I wish mine was half as exciting as yours!!
Russia would rather be an allie than an enemy having suffered more under the Bolshevik nwo commie scum than all other county’s combined,
Another aspect that people tend to miss is the fact that Traditionally Russia and China hate each other’s guts , it was only the western propaganda that pushed them together as an enemy was needed for perpetual war.
The nwo deemed China as the next superpower in the early 1990s meaning the end of the USA as you know it, not many grasp that the “American Petrodoller” is what tyes all the world’s currencys together, if the American $ collapsed so does the Petrodoller, meaning not only an internal war but starting an external one at the same time would bring America to her knees along with her allies .
Europe has surrendered so forget about them. this leaves both Asia and Asia minor in play, India and Pakistan will also confront each other. But the main area of operations for the chings will be the South China Sea ,
Shall I continue ?
Thanks Mungrel I agree. The collapse of the dollar is the death of America. That’s why they just added trillions to our countries debt.
Internal war/ external war, I’ve lived a good hard working blue collar life and Jesus is my savior so I got that going for me. But I will fight for my country till the day I’m done and I’ll still have my GOD and I’ll still have my guns!! Aaron Lewis
If China becomes the world superpower the NWO will be dead not long after. They’re use will no long be needed.
Later Mate, bedtime for this ol coot.
I really haven’t said anything different.
I absolutely agree with you.
Yep
Gov. DeSantis and the State Legislature passed a bill last year that stated all HS students must take and pass Economics before graduation. Not sure when that is supposed to start, or if it already has. But, it’s a great idea. Maybe the students coukd teach Mom and Dad a few things.
Prepping, believe it or not, I know a lot of young couples on their 40s who are growing and preserving some of their foods, and making plans for the “hard downturn” that is to come. These are the middle class working people who are getting slammed. THEY KNOW AND SEE THIS.
Two of them are my kids and their spouses and their friends.
They are pretty quiet about this because “smash and grab” will someday extend beyond the luxury stuff.
Definitely don’t be telling the neighbors. As I have posted previously, that nice guy next door is going to be pretty desperate when he has no food for his family. And he will gladly do whatever is needed to take yours.
How long before politicians start crying for government salary increases. Finally bipartisanship.
charlie brown good grief – Google Search
https://www.google.com/search?ie=UTF-8&client=ms-android-att-us&source=android-browser&q=charlie+brown+good+grief#imgrc=1mMxzomyrz3AIM
Two years since they started this covid BS and 10 days until Christmas eve you can’t buy and iPad. A freaking iPad. Or a video card. Or any number of things that literally were just everywhere in availability that you just assumed they were going on sale this time of year. Ate at a restaurant today, they didn’t have a single bottle of ketchup, just a few packets. Incredible.
I had breakfast at Denny’s last weekend. My “silverware” was a plastic bag containing a plastic fork, a plastic knife, and a napkin. Not even a spoon to stir my coffee. I half-expected my meal to come out on a paper plate. Sad!
Gov I-Bonds. What are they and why did my brother, his wife, and I buy the max amount per year $10K per person in November?
Nov 1 2021, the I-Bond rate jumped to 7.12% which will be in effect Nov 2021-April 2022. Any purchases in this period will get 7.12% interest for your first 6 months of your bonds. Then get the rate calculated for inflation every 6 months and get that rate.
In mid April next year I will calculate and know the new rate for May-Oct 2022, So if it goes up I will buy in May, If it drops I will buy in April. You get the existing rate for the first 6 months after you buy the bonds.
This interest is compounded every 6 months. So in 5 years you can realize some real benefits to the compounding. Also in a compounding situation where rates may go down in the future you want to front load as much buying as possible.
I told my brother that I expected high inflation for the next 2 years or so and then moderating to 4-5% after that? Depending on who is running the country. I also told him that I would keep buying as long as inflation is over 5%.
So a person is limited to $10K of I-Bonds in one year using TreasuryDirect, but you can buy an additional $5K from money refunds on your Fed Tax, So I place an additional $4K Fed withholding into my Fed to buy more I-Bonds from my refund (form 8888). These Tax refund I-Bonds are paper bonds received in the mail. But you can convert the paper bonds into digital bonds through a process.
These are a great deal for an inflation matching or beating guaranteed investment. With the compounding in 5 years one may get an additional 4-5% interest. You cannot sell an I-Bond for 1 year (locked) and if you sell before 5 years you lose the last 3 months interest.
So these are a great supplemental investment for spare cash you do not need for at least 1 year. I personally will treat mine as long term investments and draw out money after 5 years as needed.
They operate like an IRA in that you pay taxes on the gains when you withdraw. No state taxes. So best to stagger your withdrawal and not take it all out at once.
Sounds like a plan if you want to fund the Communists on the left.
11 days ago dude said ‘I just don’t believe the numbers’
Good call out. Begs the question why the change.
Correct. Cloward and Piven believed USA could be socialized into communism by causing complete economic disaster on purpose. That would cause chaos in the population. The government would then step in and solve everything with communism and complete control.
And yet the MSM only can talk about is January 6th and the new text messages!!
That’s how a propaganda machine works. Just like a magician, they want to direct your attention to what is not happening with the left hand by getting you to pay attention to the right hand.
A pox upon them all.
What’s crazy is “meet Kevin” (YouTube) did a video yesterday about”inflation”. He went through Tyson’s financials and showed their net profit has gone up – can’t remember the number off hand but it was jaw dropping. Hmmmmm, if everything costs more, then how is the net-profit going up?
He noted pork has 6.x% reduction in output (brain fog, can’t think of the right term, lol), so why is prices going up 100%?
I think all these businesses are raising prices because they can under the guise of supply chain, Covid, inflation itself. Yes, there are some real supply chain issues (which I think has been self-induced, just go back to work!!!!!) but just like Covid, there were some real cases, it’s not as horrible to justify the measures – vaccine mandates and masks for covid and 100% price increase in the meat industry, etc.
Biden tops Jimmy Carter inflation rates.
This ^^^^ is what the GOP and Conservatives fail to do – quipy, poignant jabs that are brutal and true. Memorable.
Also ties & rekindles Democrats to one of their worst President’s ever.
Rick Santelli is the only guy I trust on CNBC.
Alright, how many of you out there are day traders watching CNBC?
Imagine a talking head named Liesman…
….” Waco, Texas-based Central Freight Lines has notified drivers, employees and customers that the less-than-truckload carrier plans to wind down operations on Monday after 96 years, the company’s president told FreightWaves on Saturday.
“It’s just horrible,” said CFL President Bruce Kalem.
A source close to CFL told FreightWaves that CFL had “too much debt and too many unpaid bills” to continue operating, despite exploring all available options to keep its doors open.”…….
https://www.freightwaves.com/news/exclusive-central-freight-lines-to-shut-down-after-96-years
I describe it as “stacked” inflation, then proceed to describe accordingly. Currently, every level from raw material to transportation to retail is absorbing some of the price increase, but eventually it all gets passed up the chain. Even my idiot friends seem to grasp it.
This is not necessarily true. Raw materials are not the only cost. They are mixed with labor costs, energy costs, transportation costs, etc to get production costs. So the increase in raw material prices will be spread out over a larger base.
For example if raw materials have jumped 50% in price, but this represents just 10% of the cost of the finished product, the final product will not increase in price by 50%, but by 5%, and the raw material is now 14% of your cost.