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.
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As a consequence, the Biden political CDC has announced they need the Biden political DOJ to try and get the federal mask mandate put back into place.
Former Obama era intelligence officials, those who helped construct, organize and assemble the public-private partnership between intelligence data networks and supported social media companies, have written a letter to congress warning that any effort to break up Big Tech (Twitter, Facebook, Instagram, Google, Microsoft, etc.) would be catastrophic for the national security system they have created.
The inflation rate is being driven mostly by energy costs which are more than 80% higher than last year. However, each nation’s overall inflation rate is also driven by the amount of central bank spending they used during the COVID economic lockdowns. The more any govt spent on subsidies, the more money they printed, the more they devalued their money and subsequently, the higher their current rate of inflation.
In the last several days the Russian military have been posting on their ground reports, about the capture of many millions in U.S. weapons as the Russian army moves more forcefully and methodically to secure the Eastern Ukraine Donbas region.
Trying to split the baby, Biden’s DOJ announces [