A Gallup news survey [DATA HERE] indicates that eight out of ten Americans expect higher prices and continued rising inflation, as the working class can see the through the smoke and mirrors of the Biden economy.
Overall, there are multiple datapoints that show the economic quagmire that is taking place right now. Gasoline continues to rise in price, as oil costs continue to skyrocket as an outcome of Biden energy policy. Food store prices have only just begun to show the higher prices that are built into the replenishment process.
Newly arriving goods overall are at a much higher price that previous inventory. The 30, 60 and 90-day terms of purchase order fulfillment are now reflecting the cumulative cost increases at every stage in the supply chain. Inbound prices to retail are still climbing. This is an economic quagmire created by inflation that cannot be avoided.
Fuel, food, home energy and home prices overall are rising. As a result, durable good spending has contracted. CTH has pointed out this dynamic for almost five months; however, the actual data is difficult to extract, because the scale of government spending in 2021 has clouded all of the economic indicators.
The official government inflation statistics at 7 to 9% do not accurately reflect the real inflation being felt by consumers, which is in the 25 to 40 percent range for highly consumable products. If you look around your local community, it is not difficult to see that working class Americans have modified all of their spending priorities to deal with the food, energy and housing inflation that cannot be avoided.
According to Canadian media, the efforts of the insignificant proles behind the big rig steering wheels are easily dispatched annoyances when contrast against the unlimited power of the federal government.




Late December, the New York Times reported {