The Biden administration is desperate to get to June when they can start to cycle through the anniversary of the 2021 inflation spike beginning and start to see annual inflation comparisons level off. The rate of inflation will drop once the statistical year-over-year comparisons reach the same moment in the prior year. The fed will raise interest rates in May and then use the June inflation rate decline as a false talking point to highlight how their policy is working. They wait for May, because they need to wait for the calendar, nothing else. Inflation is measured as the percentage of change from the prior year. By waiting until the inflation is measured against the first wave of rising prices, it will give the illusion of a decline in inflation.
That’s the unspoken background behind Janet Yellen’s statements to CNBC where she says, “We’ll have to put up with inflation a while longer.” It’s all about kicking-the-can until the statistical comparisons lessen, nothing more. WATCH:
When we reviewed the last inflation report at 8.5% we noted, “We will need to watch the service side closely now to see if consumers start to lessen travel, entertainment, and other service side expenses.” We are starting to get the first signals of serious trouble on the service side now.
(USNews) – […] S&P Global said its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, fell to a reading of 55.1 this month from 57.7 in March. That reflected a moderation in activity in the vast services sector.
[…] With price pressures mounting, business sentiment slipped to a six-month low in April. The ebb in sentiment was across the manufacturing and services industries.
The survey’s flash services sector PMI fell to a reading of 54.7 from 58.0 in March. Economists had forecast an unchanged reading this month for the services sector, which makes up more than two-thirds of U.S. economic activity. (read more)
waht do you mean “we” comrade?
You and your fellow travellers on top won’t be affected so much.
It’s the Royal “we”. As in” I really mean you, peasant.”
Hillary and Obama yesterday told all you peasants that ” Disinformation ” , ( anything that makes gov. look bad ) is harmful and must be stopped.
Very soon , using accurate numbers to say inflation is much higher than the ‘ official ‘ rate will be met with sanction if they have their way.
Real inflation is between 11 – 16 %
Figures lie…and liars figure.
U.S. Treasury Secretary Janet Yellen on Friday said it was worth considering taking steps to lower U.S. tariffs on Chinese goods given the “desirable effects” such a move could have on lowering U.S. inflation, which has hit 40-year highs this year.
https://www.channelnewsasia.com/business/yellen-says-lowering-us-tariffs-chinese-goods-worth-considering-2642031#:~:text=WASHINGTON%20%3AU.S.%20Treasury%20Secretary%20Janet,40%2Dyear%20highs%20this%20year.
Doh!
After Yellen and her fellow travelers totally destroy what little is left of the United States what country are they going to move onto next?
I’ll take Astana , Kazakstan – The N.W.O. city.
See : Vigilant Citizen / Sinister Sites
or… this place.
https://www.firstpost.com/world/future-or-fantasy-all-you-need-to-know-about-saudi-arabias-new-neom-megacity-touted-to-be-33-times-larger-than-nyc-10498821.html
Nice New Age fantacity youse got there, Elitepersons. Shame if anything happened to the water-and-food supply chains…
You’re killing me Smalls!
How long before the only products made here are vaccines?
The Tarrifs on China, despite dire predictions, DID NOT raise prices.
So, HOW can eliminating the tarifs, have ANY effect on lowering prices.
Its like a car won’t start, cause the battery is dead, so the owner decides to rebuild the carburetor?
You gotta dig the reverse psychology from this sock puppet
How’s it supposed to make a difference since China is locked down, thousands of ships in a mega ship jam worse than California’s LA and Long Beach harbors?
They never have! But they have wielded power to bring it to us, who they regard as nothing more than serfs. And as long as we let them, they will
Yeah Buddy!
Indeed; who’s this freakin’ “We”?
Got one thing to say about that:
BFYTW! with the Hawaiian good luck salute as added emphasis. Just to be sure.
Funny thing, revolutions do not happen because standard of living or an utterly corrupt ruling class lies to and betrays the dirt people, no, revolutions, talking genuine grass roots open source non nation state regime change proxy insurgency, they start because unfettered economic activity is essential to Liberty,Liberty is not possible without unfettered economic activity, period. I’m talking from the heart here, from experience. There’s two critical things good folks must have to be free, to have liberty, that goes back to the first successful slave revolt, about the time somebody in the exact same situation made it crystal clear what needs done; Our cause We Leave To God and Our Rifles. We are 1 and 1, next its gonna be 2 and 1. Failure’s not an option.
It is about being left alone and that most certainly includes unfettered unconditional economic activity. Got those two things everything else follows creating freedom. And sorry to say, it took me most of my life, because partly everything we been told to believe is a lie, and The US Constitution never in all its history, has ever created an iota of Liberty. I finally understood what Patrick Henry meant when he called The USC: “This beautiful butterfly with poison under its wings”
What he meant I believe is whats happened before the ink was dry on the parchment, from that moment to now, what everyone was gulled into ratifying is an instrument of centralism, ie, administrative tyranny, that has in unbroken consistancy, evolved into the corrupt swamp with its Khazarian mafia insects running things, into the ground, it is systemic malicious intentional rapine and pillage of The Christian West of its inherent wealth, war by other means which rape and pillage is a time honored activity of war and cause also, and what was created by this enormous first time in all history leap, a leap created by our founding, by our revolutionary unfettered economic activity.
Against this revolution, think of it as this centuries old nasty satanic orientated sexually perverted and depraved criminal gang, and it all becomes clear, no unambiguous thing about it. Its all simply organized crime headed by a tribe of ancient criminals whose centuries old stomping ground is right where Ukraine exists in its present rendition, its really when you get to the nuts and bolts of it that plain and simple. The SOB’s, want what was stolen from them back, which in the beginning they considered their oyster for the taking, this new, incredible world in America with land and resources unrivaled in human history, pure, unspoiled, literally there for the taking, and a mere handful of people, colonoal era good folks said No.
Well not if I got a thing to do about it. As then as now, it begins with each of us, then its many of us, then we become a plurality, then we suddenly understand we are That Plurality, and we turn from being legion to A Legion. The motove power and audacity inherent is unlike anything else. It is the most legitimate thing imaginable, thats resistance to tyranny, and resistance like this is never futile, nope, resistance to tyranny and preservation of freedom is the most legitimate thing imaginable.
To quote a particularly vile insect of current infamy, “Thats talking truth to power”.
Indeed.
God bless us good folks there’s none like us.
Long path to we should have kept the articles of confederation and not given the Federales any stinking powers at all.
Yeah, a lot longer and a lot deeper.
It’s all Putin’s fault, though. Right?
😁😂🤣
Right! *nudge, nudge*
Always Putin’s fault.
New Footage of Putin’s 2001 Visit to Bush in Texas
Damn I thought we had more good guys than that. Yeesh!! Yeah we ain’t voting our way out of this.
You are correct. Now, will the others finally catch on?
Wow. Short list there. All those “save the GOP” groupies have got to do a lot of flushing to the House GOP latrine.
So, is there only 8 good GOP members in the Hoise?
Sorry, House.
Hey, Sundance! You used to include a list of your favorite blogs. Could you put them back? Many of them were very informative.
This would be super helpful.
Who knew “transitory” could persist?
2 weeks to flatten the curve.
It’s those kinds of weeks.
They never did specify which two weeks, though.
/S
I did.
“Transitory” until the goal is achieved.
what is it with these people . . . did they focus group the word root “trans” and it did well in their study, anything with “trans”?
I wonder how many average democrat voters even understand the meaning of “transitory”?
Few, if any, I would gather.
If they even listen to or read Yellen’s statements
If they do, they probably just nod their heads, and mutter something about all this being Putins and Trumps fault.
These con- lying SOB’s are always looking for a way to wiggle out of their always turning everything they touch to shit. They know with the help of the state run gestapo media and the dumbing down of America, they can feed the sheep shit and tell them it is candy and the sheep will lick their lips and salivate while waiting for the next feeding.
Depressing.
They tried hiding inflation last year by telling the media to call it a conspiracy theory, and that didn’t work.
They’re not going to get any relief from the YOY numbers in June from the public. The media will try, but just like last year, lying media doesn’t make your chicken cheaper…
What is frightening is how bad things are going to get this summer as gas prices continue to surge and food prices increases are not moderating. Throw in the problem that “lower” price increases still mean those expensive $18 chicken wings are still getting more expensive…
They are destroying the economy even faster than they had hoped. Going to a grocery store 4.80 for a gallon of milk .89 for a puny lime. Prices are in the ludicrous range. Bond holders got crushed by double digit percentage drop YTD and stocks the same. Fixed income people are between a rock and a hard place. Employment is going to get hit hard and soon.
Had cnbc on @ the time but didn’t have the stomach to turn the volume on . Did the interviewer ask ANY tough q. ? Maybe questioning how she could of been so wrong on inflation? Remember a couple of months ago she said it was transitory? When I read on the screen how both yellen and legarde were “going to follow the data” I knew the answer to my q. No honest questions . Shame on a financial network u just get to hear the same bs. Imagine a question like “under the last president, “ DJT , we had none of these problems, why is the world falling apart now?
And prior to inflation being ‘transitory’ they said we could run over 2% for a while because we were below for a long time. They said it averages out.
Dollar General had a bunch of stuff pop 50% or more from Monday to Thursday.
And, it ain’t even close to done, kids. The EU is going to pop in late summer followed by the FUSA.
The “99 cents only” stores are going to have to change the name to “99 dollars or less” before too long.
Even the word “dollars” may disappear in favor of a new world currency, maybe Chinese RMB.
It’ll be 5 Dollar General before long.
Dollar General and its ilk revivedthe “Nickel and Dime” stores concept of the 20th Century.
Before long it will be the “$5 and $10” stores for the frugaly minded.
Five Dollar General should be leaving space after the “5” for the inevitable “0” to be added.
50 dollar foot longs from Subway Oh my lol
why does she remind me of a an amalgamated Hillary Clinton and Madeleine Albright?
The devil keeps whipping up combinations to create the ultimate evil.
…and fasci……
Ugliness in their souls is reflected in their physical appearance.
Exposure of the (Un) Federal Reserve
The Creature from Jekyll Island | G. Edward Griffin
Dude is Legend. Everyone should seek out all the free videos on you-tube he has done.
B-17. Regards Ged
Too bad we all didn’t get a padded 21% salary increase— like the slobs in the DC Swamp—because of the impending created inflation .
Especially the SS seniors!
That and all the kick backs in the 33 Billion to Ukraine!!! If ya ain’t seeing red, you don’t pay taxes. Something about that 33 number and freemasonry and elites.
Today’s Stock Market close is devastating.
January 3rd sell the Stock Market Bear Market signal remains well intact. All run-ups since then have been normal and expected Bear Market rallies in an overall Bear Market cycle. These Bear Market rallies have been opportunities to get out of the Stock Market.
These past two weeks have wiped out the previous 4 weeks of Bear Market rally gains. 32,500 is a huge support area. IMO, if the Stock Market breaks below 32,500, the Stock Market will fall below 30,000 in the not-too-distant future.
People’s retirement taking gas will not bode well for the Communist/Fascist/Totalitarians now in Power and Control of Washinton DC.
Every person on SS will Vote R…
They should…but some still won’t.
Yes, the oh so very enlightened and sophisticated NYT’s reading and NPR listening and CNN watching maroons.
Some people are so dumb and stupid their only means of survival is the benevolence of others.
“People’s retirement taking gas will not bode well for the Communist/Fascist/Totalitarians now in Power and Control of Washinton DC.”
The swamp doesn’t care. They don’t have to. They’ve got Domionion..
What does the “Swamp” caring or not caring have to do with the Stock Market?
Testifying before Congress earlier this month, Jay Powell was asked if the Federal Reserve was prepared to “do what it takes” to get inflation back under control — and if necessary, follow in the footsteps of his venerated predecessor, Paul Volcker, who regained price stability “at all costs”.
Calling the late Volcker “the greatest economic public servant of the era”, Powell responded: “I hope history will record that the answer to your question is yes.”
Source – https://esgtelegraph.com/latest-news/jay-powell-channels-his-inner-paul-volcker-with-tough-stance-on-inflation/
How does raising interest rates reduce the inflation caused by the doubling of oil and natural gas prices as a result of an artificially self-inflicted political policy?
Slows down the economy to reduce demand for products.
Cause a deep recession and possibly starvation in some parts of the world.
Just wait until we’ve regressed into the Dark Ages because of what’s left of our power grid becomes unreliable.
Lead-times for ‘common’ and necessary items, both large to small and simple to complex, to keep such power plants running are getting longer and LONGER by the week.
How do you reduce demand for oil to heat your home and gas to drive to work when these are worldwide commodities?
Study Paul Volcker and you will see what’s coming next.
Some of us lived thru it. My first mortgage was @ 13.25%. Try that on an average starter house price today of around $225,000. My first house, a small3 bedroom, was $67,000, and the 13% interest rate was tough. I remember having about $5 left over at the end of most months after all expenses until my next raise at work gave me a bit more breathing room. Yeah, the millennials won’t know what hit them
I refinanced 18 months ago at 2.87%. Today I received marketing paperwork from the mortgage company bragging about present refinance options–which are sitting at 5.75%.
Same here.
It destroys the dollar value of fixed interest rate long-term debt. This is how most ‘currency’ is held namely an interest-bearing debt instrument.
It’s basically a double whammy. The dollar value of selling your debt for currency goes down all while what that currency will buy goes down at the same time.
Less purchasing power for savers to buy stuff. Demand and lifestyle go down.
The world cries out for an honest, curious media – reporters that would call out the BS artists and expose the corruption and deceit
Do they think comparing the 2021 economy-killing rate of inflation with the 2022 economy-killing rate of inflation is going to somehow hide the fact that it is KILLING the economy at lightning speed as opposed to GROWING the economy under Trump? We don’t care about year-over-year BIDEN numbers, they are all terrible. We can SEE how bad inflation is just by how it affects every aspect of our lives NEGATIVELY.
Yellen and her like will create $ 18 trillion more dollars to offset the inflation caused by the $ 9 trillion they previously created. This can’t just be stupidity.
It is deliberate. No doubt.
Exactly! Nobody is this stupid.
Also Yellen, as reported today: Janet Yellen pledges $500 million more in economic aid for Ukraine | Washington Examiner
Heh, because struggling Ukrainians are in greater need of economic aid than struggling Americans.
Oh well, its only other people’s imaginary money.
To believe we, as a nation, have an endless supply to provide to foreign nations takes an enormous imagination.
I wonder what Yellen’s commision is on this aid?
Why don’t the other foreign nations that need money just print a few hundred or a thousand pallets o’cash up for themselves, like we do for them?!
Compare the following currencies, the Turkish lira since November 2021, Nicaragua Cordoba since 2017,
Venezuela Bolivar since September 2020 vs the US dollar since 2015 (vs the Euro, all others compare to the dollar). The difference in three words, World reserve currency.
They create a problem then pretend to solve the problem they created and claim hero status all before mid-term people buy into it. FJB will be a hero that saves us with money illusion of saving money.
I see no reason to worry. These rising prices will surely be offset by a declining stock market.
For those who think I’m serious, here’s the /s.
And if the declining market doesn’t do the trick, then the devalued dollar should finish the job.
A valueless dollar seems to be the plan.
I knew Yellen would be a problem when I met her at Bezerkeley. I absolutely hate liberals, and as an economist, she never learned from Volker.
I suppkse that she knew then that what she could learn from Volker was counter to her ideology.
When BRICS makes the Petro-dollar obsolete & gold reaches 5 digit valuations, this cauliflower-headed lunatic will still be preaching “temporary” as formerly-employed Americans are competing with all the new illegal aliens for ROAD-KILL.
These politicians are causing Death To America with their stupid and Communist leaning power games.
They falsely believe their Technology Immersion in currency, governance & control will overcome the appeal of God-given resources of Gold & Oil! They simply don’t know nor respect the instincts of mankind; just their failed ideology!
I am old enough to remember when Psucki and other Biden officials declared that increased inflation is “just a transitory thing which will go away in a month or two.”
Liberals won’t recall any of this, of course.
Wait until the Bolsheviks run Yellen for President!
Inflation is one thing. What I want to know is how much longer will we have too put up with Yellen.
Translation – When the value of your house and 401K collapes, there are food shortages and all the food processing plants and food supply warehouses are in flames and we take away your gas powered car, then whats a little inflation, it won’t be so bad. Crazy cat lady.
Take out money and the ability to get to the grocery store, therefore take out food and inflation is only double the target.
Sundance-
I think you’re wrong on this one (assuming that inflation is still running as high as it was last year).
If the stated rate of inflation runs on a sliding 12 month window, if inflation is still running at 8% then it will not drop after 13 months of inflation.
Think of it in terms of a graph. Plot it out and you will see that the 8% is not based on the baseline values of 13 months ago…
Ok, let’d do a simple thought experiment.
Plot Month 12 vs Month 0
Plot Month 12 vs 11
Then
Plot Month 13 vs Month 1
Plot Month 13 vs 12
If Month 13 to 12 is the same as 12 to 11… then 13 to 1 will be the same 12 to 0
See?
My analysis is based on a constant rate of inflation. If OTOH the rate of inflation has decreased then yes, Month 13 to 1 will show it… BUT, that’s because the RATE of inflation did decrease. Inflation is the derivative of cost (velocity ), but what we really want to know is the second derivative of cost (acceleration): is inflation getting higher or lower?
Now, if the highest rate inflation is indeed behind us, think gasoline, then the current rate of inflation has indeed dropped and the new high price is the “new normal”. Just like a gallon of gasoline actually dropped 25 cents in the last month… BUT it’s at an obscene new level!
In such things, the crux of the matter is on the time window. Perhaps we should be measuring inflation in a number of windows… 5, 2, 1 years, 6 months. That would be the best. more realistic way to do it.
As Mark Twain wrote: “There are statistics and there are lies“.
Inflation is reported month over month with each passing month as a new baseline.
Please re-read my post.
Why on earth would we “put up with” inflation longer! This insanity will continue until we turn them all out on their back sides and retake our country back. Trump’s closing comments during his rallies is ringing in my ears.
I take “Lower your expectations” to mean she wants a longer rope.
Short drop, long drop, what difference does it make?
Stolen U.S. elections have dire consequences for everyone
2 weeks to flatten the curve
Transitory Inflation
Better odds “trusting the plan” of the DS.
NUKED !!!!
Everyone has a plan until they get punched in the mouth
Matt Bracken had a post on his GAB page in the last 2 days. It showed thugs pummeling a person in Philly or Boston. He made this point :
This is happening NOW. While most people are fed, the lights are on and ‘ things ‘ are still generally working for the most part, what do you think these animals and thugs and criminals will do when things go South ?
A horde of black teenagers in downtown Boston chasing down and beating a White teenage girl on a bike because she had braids in her hair. Two witnesses tried to help and were beaten. Then the Boston police arrived and they were beaten up.
Police got beat up ? We’re farther along than I thought.
Call in the airstrike ….. get those F-4’s now !!
I look forward to the day Bungles Biden and his gang of nefarious misfits are removed from their positions in the US government and prosecuted to the fullest extent of the law. I hear the weather is really nice at Club Gitmo.
Damn that Putin.
Yellen: at least she doesn’t cackle. She’s a soft-spoken idiot
Very few people care about inflation as an abstract percentage. No, it’s all about real dollars and sense that you have to pay for real things … energy and food top the list. What Yellen and the rest of the crew in the DC clown car are trying to do, therefore, is persuade the American electorate that their wallets are lying to them. It won’t fly, not now, not in May, not in November.
It’s still a pig, Janet, and all the lipstick on the planet won’t hide the ugly reality.
My wife doesnt cook, but it’s been that way for 30 years. She also doesn’t drive much, so for 25 out of 30 years only 1 car. Food and gas hits you in the face almost daily. Being grateful for what we have helps bigly . Pray and pray more
A dollar is NOT money , it is a unit of measure of gold or silver coin. A dollar cannot be money anymore than a ” quart ” can be milk. The UNIT OF MEASURE cannot replace the ‘ Thing ‘ it was the measure for.
Yet over time this is what has happened. The money manipulators confused the meaning of words so in the public mind a paper dollar became the same as gold and silver.
>>> This is the essence of psycological warfare .
Search for – ” Mind Control In America ” , by Stephen Jacobson
China sees the disaster that the US government and FED created and is using covid lockdowns to squeeze supply and deliver a death blow.
I suppose for SOME, this little shell game they are playing, with REPORTING on inflation will “work”;
those making over $100,000/ year, and more importantly spending considerably less, may actually liten to, and BELIEVE the reports that “inflation is leveling off” (because they are working the Calender).
However, for the vast majority, those who are struggling to manage on their income (regardless what level their income IS) this is NOT going to fool them, at all.
Once again, the Idiots In Charge have reversed REALITY, with the perception they are spinning, and really have not (seemingly) realised,…
ITS NO LONGER WORKING!
WE notice, we the Sheeple have awoken and looked up, and we don’t LIKE what we see.
The Idiots In Charge REALLY are “in Denial” and, to the LIMITED degree that they ARE recognising “its not going well” (for them) they either console themselves that “its a MESSAGING problem”, or they BLAME US, for not believing their b.s.
With what is taught in schools today and probably 30-40% of the population % and even simple math is like a foreign language.. I have always been comfortable with numbers, but I see many close to me have trouble understanding simple math problems. As most on this site would agree , it’s not how much u make, it is about how much u spend.
We have many tens of millions of illegal aliens and unvetted “refugees” in our nation who know nothing about anything because everything we have, everything we are, everything we do, everything we value IS FOREIGN TO THEM.
We have abut 50 millions non-Americans who will be ready to vote in the fall even though EVERYTHING is foreign to them.
The “We” means you peasants will have to put up with inflation a while longer until enough of you are unemployed to vote for Democrats and government to save you…
“Manufacturing and services sectors, fell to a reading of 55.1 this month from 57.7 in March.” If two or three food processing plants are destroyed in a few weeks, it may be a coincidence. There have been over a dozen recently. This seems to be all part of the plan I would say.
And there was a fertilizer plant in North Carolina destroyed in late February. That would also affect food production, along with the Union Pacific cutting the amount of fertilizer their trains will carry.
Longer transition.
Bigger porpaganda,
Don’t choke on your pork chop Granny.
“You” NOT “we” ” YOU” will own nothing, and be happy,” says Yellen & her cohorts.
Just the first of many “sick” items this cabal doesn’t even try to hide from the serf ts.
Notice posted 1700 in Africa:
See America!! Exotic travel!!
Free passage
Free food
Free housing
Free edumacation
Free healthcare
Free family planning
Guaranteed employment
Lol. Blah blah f’n blah. People shopping for food don’t know or care how she(?) presents the price increases they endure.
Though I do appreciate Sundance educating me as to WHY their numbers will sound better.
But then, they lie so much I would have just A.S.S. U.ME.d they were lying.
‘Tis but a scratch
JY doesn’t have a clue. She is right behind Briben in the chocolate pudding dessert line at the Dementia nursing home.
Another one who needs to be shown the door.
No one is listening or cares what this idiot has to say. We listen and hear what our checking account, savings account, and actual prices of goods are telling us! And, it’s not good.
I guess “a while longer” now means 2, 3, 4, 5 ………. YEARS ???
( sorry – was not meant to be a reply but a new post )
Why do all these new PM women and unelected american beurocrats in USA remind me so much of the creepy female guards of WWII places …. than of someone representing me that I should be proud of in any country. ?