Mohamed El-Erian, Allianz and Gramercy advisor, is one of the least dishonest people amid the Wall Street propaganda crowd. Although due to peer pressure, he still tends to couch his economic analysis behind the CNBC screen of pretending not to know things. [On a personal level, I bet this guy is 80% cash right now.]
This interview is generally not that impressive. However, at the very end of this segment talking about inflation, what El-Erian says about the first 10 days of June is 100% and he’s the first person to say it. But he won’t repeat it. WATCH (Prompted):
.
He’s looking at the same data set we are. Watch closely when the May Producer Price Index (PPI) is released (origination, intermediate and final demand to wholesalers), we will see how the inflation costs are continuing to accumulate in the supply chain for all goods and leaking over into the vulnerable service sector now.
its a feature …
Gee, I can hardly wait for the pain they are going to inflict as if now wasn’t enough.
We should have listened to John Kerry years ago, that way we would have been over this pain AND we would have a cleaner environment to boot!
Well maybe not LA or San Francisco, but certainly in NYC subways.
We should have elected John Kerry in 2004. Woulda, shoulda, coulda. Oh well.
You got to kidding?
He’s being sarcastic
Carbon Dioxide is greening the earth by fertilization. why do you hate plant?
Electrolytes are what plants crave not gas.
Electrolytes for plants are like food for us.
Carbon Dioxide for plants is like Oxygen for us.
This rush to sequester carbon dioxide is a Ponzi Scheme for Democrats. Google Search carbon dioxide and the marquee result is increasing carbon dioxide makes plants grow faster and transpire less water.
Joke
——-
Your Head
Dang boy, you forgot to add “sarc” so we know your not nuts!
John Kerry didn’t want wind energy in Nantucket, because it blocked his view. Kerry is a hypocrite.
“Hypocrite” is one of the nicer things applied to him.
Not only blocked his view, but could get in the way of his jet skies
Navigation hazard for his yacht
L O L, good sense of humor!
What President wants soaring gas prices and home heating costs with a crashing stock market? Nobody can reign this idiot in!
The President of the World Economic Forum. He’s beating on Biden like a racehorse, not reigning him in. That was the deal!
It’s admittedly a brilliant plan to install someone with no further political aspirations or brain cells. It’s the same principle as outgoing Presidents pardoning criminals. When political accountability is gone, Katie, bar the door.
After Biden’s great “success”, expect more political puppets in our future.
He don’t know nothing. Period! Folks that believe in Joe got a problem. It’s it money? Probably. Wait up people. Someone else feeding him lies. He dont know and I’m not taking his side, Im a president Trump girl. joe family ought to be ashamed.
While it’s true that Biden has always bene an idiot it is also true that he is not the one making decisions. That my friend is Barrack Obama and Valerie Jarrett. They are the one’s who are actually in charge. They are also both Marxists who hate America and all she stands for.
Valerie MAY have some input, but Obama is NOT “the man behind the curtain”; he is an AVATAR, and giving you a target for your anger is his job, now.
He is a dillatente, selected and groomed to play a role, just like Zelynski.
One good thing: When they trot Obama out, it clears up any questions about what they’re up to. This week, it was trying to get the Europeans to replace the disgraced DHS “Disinfo Board”with in international version.
I concur!
Satan is behind the curtain.
Maybe Biden needs shock therapy.
FLASH: the “President” isn’t doing jack. Biden is NOT running things. It’s the Obama Gang. You get that, right?
No, it’s the gang behind the scenes, the same ones the puppeted Obama.
which includes johnciabrennan
You got that bit tight Joe – O’Biden does ‘reign’ over America, he sure was not legally elected!
“We need something to happen to stop this inflationary process broadening throughout the economy and building its own momentum.”
——-
Wage & Price Controls! Nationalization of all industry & business!
What could go wrong?
The Old Break & Take.
A little fascism with a side of oppression.
Back to the GOOD OLD NIXON & CARTER DAYS! At that time, inflation was broken by increasing interest. We built a house and got a mortgage at 13% and my cousin was later getting CD rates at 16% to 18%. I doubt this inflation can be stopped with interest rates, but if they try; I’m ready to buy some CDs at 15%+ just any day now. Problem is, Clinton changed the government financing to short bonds from the long bond, so with a debt load past $30 TRILLION, the taxes to service the debt would necessarily bankrupt all citizens. You need food, shelter, water and protection; provided by YOU & family!
Grumpy Grandpa, another GG here. Bought a house in 1981 and had a 14% mortgage. Inflation was raging, but the Fed was able to push up interest rates to tame inflation. They no longer have the ability because, as you note, if they did, this country could no longer service the interest on our national debt. We and the rest of the “west,” and those that are puppets to the US, e.g., Japan, S . Korea . . ., are totally screwed. And the Congress, both parties, continues to spend money we don’t have, and the printing presses at Treasuey continue to spit out fiat currency. I was born when WW 2 was still raging in Europe. I never imagined the left would seize control of this country and turn it into worse than a Banana Republic. I say worse because our ruthless deep state can track everyone of our daily actions and use that against us. The future will be with those countries that are self sufficient and have commodities that are in demand.
Russia?
Tell me you’re referring to Russia without saying the word Russia.
1981 was Reagan days and most of the pain of the recession was dished out during those years. Similarly I expect the Republicans to be ushered in to dish out the pain. When you’ve had enough of one they give you the other.
That did work back in Pierre Trudeau’s Canada in early 1980s when mortgage rates hit 22%. But the bad effects was the transformation of Canada into a socialist authoritarian state that it has become over time. Beware of such measures.
Fo 3.5 years my inhaler was $40 a month, This year it is $70. Kroger says the price has not changed so it must be ovomit messing with my Medicare plan D (prescriptions).
Count on it.
We just received notice from the insurance company covering our Part B, that boy oh boy, are they grateful we took our plan out with them…and oh, by the way, next monthly payment will go up about 25%.
They need that to cover the costs of giving all the illegal aliens Medicaid.
Can you buy it online in Canada or Mexico?
check out needymeds.com See if you can apply thru info on site to manufacturer for med sent to you from company for free if you have financial needs.
all 6 generic rx s for my husband doubled except for 1- not generic $75.00 as well as my generics do we miss Trump
Food will not be the only items scarce on the shelves.
I’m sure he’s just dying to say what that “one thing” that we need to stop this horrid and deliberately stoked inflation is. I wish he had the intestinal fortitude to say it.
Just watched the movie “Titanic”. All I could think about as the Titanic broke in half, then sank was the Biden administration.
The only thing I can think is that the Dems know they’ve completely captured the administrative state and nat sec complex. It’s over. They’ll lose the titular majority, but ho-hum… McConnell and McCarthy are no threat to their agenda. They’ll cheat again in 2024, and keep governing by executive order and bureaucratic rule making, with or without a congressional majority.
Get ready for the worst sellout in US history by a party to its voters in 2023.
It’s all depressing.
GOD’S IS IN CHARGE!! DON’T WORRY!! BE HAPPY.
that’s what they said in the Camps in Germany
And, that is what the troops said in the foxholes, in the hedgerows and in the narrow alleys. It is an absolute tragedy for the Shoah to happen and to diminish G-d because of the choices of those Nazi pagans is not appreciated.
And, G-d is in charge. He is always in charge. He gives us free will to choose what is good and beautiful and what is evil and ugly. And, if we choose evil then we shall reap the consequence because G-d is in charge.
Was that the choice given to the folks in the camps?
Phil 4:13 “I can do all things through Christ who strengthen me.”
God does not just act. We must act with God’s help.
If that’s the case he must really hate us.
Keep a close eye on the Supreme Court’s forthcoming ruling on the WV case brought by AG Morissey.
UH OH should be “OH SHIT!”
Black voices !
I want Trump back !
Under Trump the economy was better !
Getting off the D plantation, bros !
It will never happen. Blacks, super rich and white suburban upper middle class ladies who lunch are the Dems most loyal supporters. The superrich have nothing to lose, the blacks have been successfully indoctrinated and the ladies who lunch just want to be in the “in crowd”. You’d be surprised how little these daisies actually know. I know. I used to lunch at the club too.
In my area, I don’t see the Soccer Moms or Ladies Who Lunch as being
Liberal Dems unless they are in the League of Women Voters.
I miss Daddy T. too!!!! 😭
Daddy “T”! That oughta’ scare the hell out of the evil ones! Makes ME smile! 😉
American Blacks rule!
“I miss Daddy T, Trump!”
This needs to go viral.
Great new name for DJT too, Daddy T.
Fuggitabout Uncle Joe. Bring back Daddy T!
Wonder if Daddy T is talking to Ivanka?
She only said she trusted Barr and his opinion. But, I wouldn’t bring her back on Trump’s second term.
Ivanka comes with Jared who did almost as much damage to the Trump presidency as Pence.
Ivanka is the chink in President Trump’s armor.
They have jumped the shark, and so can’t go back, now.
And PDJT represents an intrinsic, existential threat to them.
So, I won’t be at all surprised if they try to indict him.
Given the piss poor ratings for their J6 show trial premier, most Ameticans ain’t buying it, and are pissed they are wasting time “investigating” the insurrection that never happened, instead of doing things to make Americans lives better, or at least STOP consistently doing things to make our lives WORSE.
PDJT will be able to reverse Reagans devastating campaign line;
Ask yourself a simple question; are you, your family, friends and co-workers better off than you were 4 years ago?
Are you more financially secure, do you feel safer, are you more optimistic about the future?
If so, than by all means, vote for my opponent.
Otherwise, isn’t a change in order?
They (the democrat coconspirators ) are trying to make Trump Illegitimate, because they ran a successful coup on him.
They have no choice, either they undermine him, or they get charged with Treason!
Which they most likely will be charged anyhow once everything settles.
If they keep running this economy into the ground, their own supporters will turn on them.
Not Trump. WE… are the existential threat. The Reagan revolution, the 94 congress, the Tea Party, Trump… all of it came from WE the PEOPLE. Trump pulled back the curtain. For that, he deserves credit. But it’s not about him.
We want to work hard, determine our own destiny, pay just enough taxes to keep a limited government funded, raise our families, pray to our God, enjoy our neighborhoods, and build our own prosperity. Without THEM. And they can’t abide that. The Left is a parasite. Either the host eliminates the parasite, or the host dies.
Exactly what “limited government”?!
Nothing in the rest of that paragraph cites any need for “government,” limited or otherwise.
“Our” government existed quite well without the income tax until 1913. And the beast has only grown and rampaged and successfully destroyed We the People since then.
We DON’T “need” “government.” Every local community can handle whatever crime/criminal dares to poke its ugly head into it. There is no NEED for any overarching “federal” rulership robbing and enslaving us for their sake.
The nature of “government” is to grow, and in growing, grow ever more rapacious and intractable.
Do you have the right to exact from your neighbor money or property or “loyalty” he does not choose to give you?
If not, then WHERE DOES “GOVERNMENT” get that right? And WHY do We the People not see this and stop it now?!
You cannot give someone else what you do not have. This includes rulers calling themselves “government.” This is why there is no such thing as “limited government,” and cannot be. Once you voluntarily give up your own sovereign rights to a gang of thieves and thugs writ large, it’s deadly to try to take them back again.
Is it too late now?
Since so many people, including among us who profess to know and understand, refuse to see this truth, I fear so.
👍Daddy T 🥰
Sav nails it!
And she’s easy on the eyes…
Anyone know if she is single?
You’d be surprised how many of these Gurus who know absolutely Jack about how the global economy really works.
I know things are looking bad in the markets right now but believe this or not, we will see new highs.
Our ticket is not quite ready to be punched. The long term trend is still holding.
In other words get ready for a really bumpy ride. A roller coaster coming this way !
Sure, all the rich haves are cashing out, more to the point have. Thinking about the song, I Will Survive. We will, with wisdom and The Lord.
For those of you who are invested and have been in these markets for a number of years here’s a view from a professional who puts the onus where it belongs. He as been extremely prescient since January. Very interesting because he is saying the things that no else will. A retired BlackRock quant speaks. Very informational.
https://gettr.com/user/edwarddowd
I have said it a number of times since last Fall. “Get together with your’ planner, broker or advisor and assess your investment position. I got a Stock Market major sell signal on January 3rd and stated it on this website. I posted as a warning to “Treepers”. The Stock market has not gone up one tic since that day.
There have been a number of Bear Market rallies since January 3rd but they have gone to expected resistance thresholds before resuming the overall Bear Market downward trend. 30, 500 should be critical support. However, if they can’t hold the support level of 30,500, I don’t see any real major support until 28,500.
Look, I don’t know stocks. That is why I do not play in them. But, if I was an economist then isn’t this the perfect scenario to short them? Can one make money on the slide? I thought that was doable.
The real Pro’s who trade the Stock Market prefer to trade the “short” side of the Stock Maret. It is quicker and more finite. The armatures are on the “long” side. If it wasn’t for those who play the downside there would be no market. The “shorts” supply the liquidity when the “longs” want to get out of their stocks.
shorting stocks is exactly where we got the term
“losing your shorts”
He’s talking short term but he won’t tell you that. you need to understand that when Capital flows around the globe, they see countries like Europe falling into further debt and China is not ready for prime time. The only place to park money for investment purposes is right here in the USA.
First, the Majority needs to believe the markets are over and headed towards collapse and then your going to see new highs.
Traders need that momentum to get the ball rolling. The USA is holding up the global economy so when we go, we take everything down. But not before we hit new highs.
I believe that we will see weakness in the EU first. The soverign debt load is out of control and not serviceable. Hundreds of trillions of debt spread everywhere. Trillions in entitlements. The FED is in a conundrum of it’s own making. Low interest rates are leading to inflation. Raising rates to slow inflation means slowing down the economy and exacerbating the current situation. If, or when the EU, starts having major issues it will bleed to the rest of the world, including the USA. We’re in for a long hard winter before we see a fruitful spring.
What’s the old saw, ‘opinions are like belly buttons, everybody has one’. Time will tell. In the meantime I’m hedging a few long positions.
Under OBiden Regime: Inflation has not peaked 🚨 🚨 🚨
Intentionally…
That’s an accomplishment.
being older than dirt, I remember jimmah carter days when gas lines miles long. friend of ours had an adjustable rate loan for his fishing boat that west up to 25%. this is nothing. yet
Since the Democrats won’t change course on these horrible polices causing this economic pain one can only conclude they know they can rig the vote tabulation in November to keep their congressional majorities.
They think that they can continue the rigging BUT are you aware of the lawsuits in different states around the country calling for an injunction on the use of Dominion machines?
Have you seen 2000 Mules?
Are you aware that there are pro-active grass roots movement for election reform across the country?
Also, remember that PDJT is 101 to 6 in his picks.
There are more of us, then them. Also, Rasmussen (and other polls) are showing that more and more believe PDJT won the 2020 Presidential Election.
We know how they cheated; it’s been proven.
law suits… sigh
whatever man
The physical ballot count int the Georgia primary does not match the machine count. The SOS, Raffensburger somehow has 15 percent more votes than the hand count gave him.
That would put him under 50% and there would have been a run off.
Some of us are reading The Doctrine of the Lesser Magistrates and talking about what we are called to do in this situation. https://fecunited.com/lessermagistrates
Thats a keeper. Forwarded the link to a couple of friends who might appreciate it.
The Convention of States would appear to be a “lesser magistrates” phenomenon, thanks for the tip, good stuff.
Stock up on food and ammo.
Get a generator if you don’t already have one.
I have TWO; if you are depending on ONE, and it goes out/stops working, your screwed.
Biden’s E-15 mandate will kill every generator running on gasoline…even at $6 to $8 a gallon.
“We need something to happen……”
Ditch the green policies…..said no one in DC. Sad to say, but with the current make up in DC, I think we’re at the point of no return.
Too little too late. Unless energy production is declared a national emergency, deregulated, and probably subsidized because no investors want to lend money to energy sources the Democrats and the administrative state want to kill off. That won’t happen without a political coup. Feds can rate hike all they want (I don’t think they have the backbone to go to historic highs), but I don’t think that it will stop the momentum. No one can control how often China decides to go into lockdown and flip the supply chain on and off like a child with a light switch. And that same child (China) wants to take all the cookies (semi-conductors) in the cookie jar (Taiwan). We are so far broke as a nation, and has been mentioned in multiple outlets, without any of the advantages we had in the 1970s, that there may be no comeback.
Worst case, call me crazy, our currency hyperinflates and the federal government collapses because the US dollar is no longer the world reserve currency. The states will decide its every man for himself and start forming historical coalitions based on regional organizations already in place. Red state coalitions will back any currency with commodities, blue state coalitions will try to trade based on the value of services, but essentially issue fiat currency. Maybe red coalitions will have physical and digital currencies and blue coalitions might go all digital. Maybe once the dust settles, and there will be a likely brief time things look like the wild west, we’ll reform a confederation of state coalitions for self defense. The empire of the United States of America, an empire that likely none of us asked for, will have self destructed like so many before it.
The United States of America is plural.
We the People, created the States, and the States created a limited Federal Government.
Never forget these facts.
All we need is a Constitutional money system to activate it.
This works because the states are one version of “lesser magistrates”. Some of us in blue states need to start at an even more local level to stand up to overreach. https://fecunited.com/lessermagistrates
Any CEO that buys more than 50 percent (any percent is wrong though) of his company’s critical materials or components from China should be removed by the shareholders. Fool me once shame on you, fool me twice shame on me!
US dollar is funny money, monopoly money backed by the full faith and credit of lets go brandon. like confederate greybacks: “you can use it for a trouser patch or lighting a fire if you got a match or making a bunny a paper collar or anything other than a dollar.” REMEMBER VICKSBURG and here we come. wonder how rats and cats taste
So, exchange liquid funds for precious metals now?
Platinum, gold, silver, and lead.
Cats? ,…not too bad, kinda like chicken.
Rats, very tough and greasy, got to STEW them a long time,..
Eventually it all collaspes on itself. Hopefully the collaspe won’t be catistophic.
So far in terms of the Stock Market, the downside erosion has been very orderly. For those taking advantage of Bear Market Rally’s sudden disaster has been avoided.
Ed Dowd on Bannon a few hours ago… September CPI @ 9-10%… no looky good…
@23:36
https://listen.warroom.org/e/episode-1922theeconomic-summerrally-isoverand-will-continue-todropintothefallfoxpushes-groomeragenda-open-borderpolicies-continue-toimpact-everyone/
Sorry… CPI change, not value…
Sure could go for a mean tweet and $1.79 gas right about now!
No Tweets for you!
Have been starting in small groups, takeout, lines etc.
“Willing to go back to those mean tweet days, gasoline under $2.00 per gallon, supply chain intact, as opposed to NO MEAN TWEETS, Gasoline North of $5.00/gallon going higher, supply chain disruptions etc.”
People appear to be receptive, maybe to little and much to late??
Sounds good.
I heard grumblings few weeks ago at Walmart….FJB, etc. as people were shopping.
I smiled. I also like to snark about the ignorant people who voted for him too!
I heard the same thing in a Wally World a few evenings ago.
More and more, those who voted for him, are hiding their heads, and scraping off their bumper stickers.
So true re: “the CNBC screen of pretending not to know things”. My yellow-dog Dem husband has it tuned in all day. Most of the talking heads were often sour pusses when things went well under Trump. It was disgusting. I’ve been switching to Bloomberg lately but I haven’t had time to pay close-enough attention in order to determine if it’s any better (probably not — they’re all the same subspecies). One thing — RARELY IF EVER is the name Biden uttered on CNBC. You can bet if the economy were this bad under Trump, they’d never stop naming or blaming him. I agree about El-Erian – he’ll tiptoe away from the phony narrative more often than most other analysts.
Ahhhh… remember when all the positive Trump Economy news was “totally unexpected”… good times…
if service sector includes eating out, yep. we used to get a good lunch for $20. same lunch now nearly $50. better restaurant more and better food lunch with bloody mary $35 in olden days. now $70. my bloody marys not so good, my cooking can be real good. but no more trips to restaurant. we’ll take out pbjs to the free(for now) park to look at the ocean. realize restaurants paying more for food and help and utilities. looking out for #1 here. McDonalds way up too
also, at $5.55/gal gas costs us over $11 to get to restaurant and back home. dec 2020 gas cost $1.79/gal or under $4 for trip
Translation: They are going to cause the economy to spin out of control and foment the American people into a state of civil unrest. They have already started by starving your babies with the intentional baby formula shortages. Then, when the riots start (and the Covid mid-term election variant is launched), martial law will be imposed by the Biden regime. Curiously, it will be well timed with the upcoming November elections, which will be suspended “temporarily” because of “safety” concerns. We will just need “1o days to flatten the curve.” When more civil rest ensues in response to the election delay, the election will be suspended indefinitely. The Democrats will have total control and begin purging their political enemies, until the sleeping giant is finally awakened…
“martial law will be imposed by the Biden regime. “
When a government wishes to deprive its citizens of freedom, and reduce them to slavery, it generally makes use of a standing army.
– Luther Martin, Maryland delegate to the Constitutional Convention
“ until the sleeping giant is finally awakened…”
The sleeping giant had best be prepared to take on the government’s servant, a standing army.
Like many other armies ours too will melt away because their families will be starving and unprotected. The gov will have a hard enough time feeding the army, let alone their entire families.
Sounds like a WEF wet dream, and like all their nefarious plans, totally impractical/unworkable.
They have no WORKABLE plan, for how to get from where we are, to where they want to be.
They are ‘calling audibles’ and all the old, reliable plays in their playbook, ain’t WORKING.
And panic in the backfield ain’t helping,..
“get from where we are, to where they want to be”
Well… “over there” is not really a meaningful goal.
Gas will soon be $6.00 + and diesel powered vehicles will be parked and food will be unaffordable.
Medication or food ?
Can’t afford to drive to work ?
Gas is well over $6.00 where I live.
Economy Shmemonomy…. We got J6 white nationalist terrorists in our sights.
Let them eat cake….
So he only dares to speak in whispers.
Jamie McGeever
@ReutersJamie
University of Michigan’s U.S. consumer sentiment index plunges to *record low* of 50.2.
As clear a recession warning as you can get.
***********
David Sacks
@DavidSacks
We’re finally at the point that deficit hawks have been warning about for years. We’re entering a recession without monetary policy to bail us out.
3:16 PM · Jun 10, 2022·
Yes, we knew this, hence war. Note we are picking fights with n Korea, china, Russia, and Iran right now. They all know what we are up to.
So how stupid and disconnected must you be to actually vote for any of this?
The only way ‘any’ uniparty survive 2022 is due election and voter fraud.
If it wasn’t for dumb and stupid there would be no such thing as libtard Democrat party.
I don’t think their is as many dumb voters as the fraudulent election system indicates.
I think that voter and election fraud is yet another way to divide us.
The Libtards I talk with think there was no voter fraud.
Fangdog: He’s right. Just massive election fraud.
Can you imagine the thousands complicit what amounts to treason?
Thank you voice of reason.
Re: GA primaries where the hated Kemp and Rottenburg made it through with no runoff elections…..SURE is nice to have Dominion for a friend
Thanks for the info, but, I will not click on any MSM video links. All MSM should be turned off and ignored, even when they slip and tell the truth.
Cabbage and the democrats thought they could just shove the green new deal down the countries throat and weather the storm. But the only thing that will slow this down is to pump more energy, which they can not do. So we are going to be destroyed by the democrats.
“We need something to happen.”
Watch out if they dust off Gerry Ford’s “Whip Inflation Now” WIN buttons and mail them out with monkey pox face masks.
Doug Adams
@DougNBC
This is a stunning inflation stat from NBC’s
@charlieherman
According to Moody’s Analytics – compared to a year ago – American households are paying $460 more per month to buy the same amount of goods and services.
10:20 AM · Jun 10, 2022
A lot of people aren’t buying the same things either because they can’t afford them.
The problem is that’s not enough to affect Democrat voters. They upped EBT, the dead don’t vote, the wealthy don’t notice it, and the upper middle class suburbanites won’t be affected one little bit by 460.00 a month.
Maybe some SS security dependent older Democrat voters…
My gasoline in okc area is $4.49, up .50 this week. I expect it to peak here around 6.50 because the economy will collapse over the next 90 days. It will reach $8 to $9 in most of the country.
We are up to $4.79 + 20 cents in the past two days, and 50 cents + on top of that the week prior.
Joe Biden & Company are full blown commies on a war path to destroy American Citizens all to save his and the criminal Democrats own Hides.
We know they stole the WH and they ran a coup which is Treason!! Piglosi has been on that since the 2016 Election badgering our Real President.
The American People know you stole the WH Joe Stalin…. there is no place to hide that FACT!
Know matter how much you try to lie in our faces, we will always KNOW!
🙂 🙂 🙂 Thanks. That gave me a laugh.
That is way better than when the subject is on the screen with a sign insulting him in the background. Lee Corso knows about this situation:
Gasoline alone is way up since June 1, at least in my area. I filled up on 6/1 for $4.40/gallon. The cheapest stations now are at $4.56, including the one I used. Others within a mile or two are at $4.60-4.70. I know those prices are low for some of you but a 16 cent increase in 10 days is still not good.
SC is adding 2 cents to their gas tax/fee on July 1 and Maryland had an automatic increase that takes effect then as well. Any other states?
He seems to have a face with depth to it. Perhaps only partially bought and paid for.
The notion that inflation has peaked is wishful thinking, as is all the thinking coming out of the Brandonites.
The economists pushing that narrative are the same ones baffled by the Trump economy, and constantly revising predictions up, and then surprised by the Brandon economy, even as they continually lower predictions.
With the massive dumping of $ into the economy, of coarse inflation will continue.
Fed SHOULD have begun raising interest some time ago, and should be far more aggressive with it, now.
The Biden hyper-inflation is just getting started.
Take a segment the Regime says is not a problem because lumber prices are coming down – petroleum based products: 1.5″ PVC drain waste vent pipe – a mini-staple in in homebuilding – $25 for a ten foot section. These prices are only now starting to be priced into new construction. We’ve seen what has happened to existing home sales …………. because of ready availability. New construction is now starting to catch up.
Biden and team ought to be terrified …………….. because those of us who have been around a while are terrified …………… but they’re not ……………. which is terrifying in itself. The ignorance of economics is just staggering.
In business we go through exercises called “change management”. Managing change by identifying stakeholders, measuring and planning change, communicating change and minimizing the impact.
Apparently in academia and government they do no such thing. This crowd just throws out there what they want to happen, in this case electric vehicles, then remove gasoline as an energy option and hope for the best. No planning, no impact analysis, no flexibility, no accommodation.
This is going to be like a nuclear bomb going off.
Another area, agriculture: where I live many fields have gone un-planted this spring due to the lack of fertilizer and the cost of seed and fuel. These food stuff severe shortages are just a few months away.
20% of arable fields around me are unplanted, I have never seen this in my lifetime!!!
This is all intentional – just like the supply chain issues. The US is the only referee for the entire global oceans – there’s no supply chain issue unless we make one. What’s their end goal? I’m assuming turning us into china. Can they do that in biden’s last two years though?
A recession is already here and that’s not stopping inflation. The fed isn’t stopping inflation with raising rates, either. Price Controls, I would bet, fail to do this as well.
The only people happy are grossly overpaid government workers who get automatic pay raises and cost of living adjustments on their check. Then when they retire they get guaranteed gold plated defined pensions. I call the pensions hush money.
Since most of us use a month to month balance system, watch the wheels falloff when a one year budget rolls out using the new index. O crikey.
Well, I’m convinced! I’m off to buy an EV and drive non-stop from Detroit to DC! Problems ALL solved!
The solution is still the same as LaRouche laid it out, Glass Stegall separation of banking, so the casino debt can’t take down the physical economy, and massive modern infrastructure, and modern nuclear deployment and a Manhattan project for fusion.
On shoring can be done by offering tax incentives and other government support, with emphasis on vital supply chains, machine tools, and chip manufacturing.
Put finance alchemy on the back burner, and modern domestic industrial manufacturing on the front burner.
This is a repeat of 2008, where they played a game of chicken that unless they get bailed out the whole economy will die. Well, now we see the monster debt is still there under the carpet, and it’s worse.
Perhaps this is the most significant expression of sovereignty possible where the state simply says sorry well street boys you have to take the bath, not the people. If they were permitted to commingled these different types of debt then the whole system will collapse by default, which is what is happening now, and why they have become very adept at changing the subject and the new cycle to a bunch of nonsense that’s not even related.
With our government hijacked, it seems unlikely that any sensible action will be taken in the near term. But when the pressure comes up from economic collapse, we cannot afford to take our eye off this ball. The financial derivatives -money betting on money betting on money- all of it has to be written off. The government should protect legitimate debt like pensions infrastructure related things and all the little cogs of the physical economy.
I don’t see how inflation could have possibly peaked considering energy. Now there’s another refinery fire which is always a hit on prices. I hear more and more about trucking companies going under (especially owners of 1 to 2 rigs). The domino effect is continuing to gain steam while accumulating more in it’s roll. The assault by the Regime and the Davos crowd is determined to subjugate the “little people”. I just want to see the US make it through this election without the Regime cheating to the point of being able to fully control the banana republic. If we do make it I wouldn’t be sorry one bit if the “Old Crow” had a SAD event from all of his jabs.
How many believe our government works for us?
Every single Libtard.
Former Blackrock manager Ed Dowd is saying much the same too. Though he’s out of the club now.
We need a real “New Deal”.
Real economics is thermodynamic in nature, if not literally thermodynamic.
Real investment is using a small amount of energy to free-up a larger amount, of energy, with the difference being called profit.
The “profit”energy becomes available for the next cycle.
Each successive innovation (which also consumers energy you accomplish) improves the efficiency of the cycle, and multiple innovations are layered or interleaveed creating a larger overall economic (thermodynamic) efficiency. This takes on the form of a Riemannian manyfold, or each added new innovative principle lawfully alters the whole economy towards greater human carrying capacity.
I have an idea, why not just cancel the speculative and usurious debt across the board(get that monkey off our back) before it slides into oblivion?
As for me, I continue to buy mutual fund shares regularly, even though they are going down, because I know they will go back up and I can wait until they do. I do not gamble: I invest.
80% cash? That would be the worst possible choice in an inflationary setting. Unless you were immediately spending it. Right now the best place is oil and energy. It will remain the best place through this year and on into next. If you just want to NOT LOSE, oil is your best bet for that even if you get in today. It’s still going to go up – pros are predicting 200/ barrel next year. Seriously, cash would be flushing your money.
“Need something to break the inflationary cycle to prevent it from building its own momentum” …. OPEN UP THE OIL PIPELINES – RETURN TO ENERGY INDEPENDENCE.
If you want to see where the economy is going simply look at the 1980s. We are at 1979.