Time to put CPI adjustment in CBAs…

 

Inflation is going to be problematic for quite a while unless the world's central banks act aggressively.

The Fed is going to have to reverse QE (QE is essentially printing money) which will slow down the economy and hurt investments but is essential to reduce inflation.

Energy prices are going to keep going up which is hugely inflationary. A good deal of this is due to worldwide government policies which want to shift to unreliable renewables.
Renewable energy is very inflationary; it is much more expensive than carbon based energy.

.gov spending also needs to be reined in. I cannot believe how many clowns tried to sell the public that Build Back Better is not inflationary. It is inflationary and for the most part, a waste of money.
Child care.
Elderly care.
Child tax credit.
Tax credits for renewable energy.
'Environmental justice' spending
Reduces health care premiums
Hearing benefits for medicare
Immigration reform
BBB is just vote buying pork; it doesn't reduce inflation. It increases inflation and anyone who actually believes that shoving a ton of money into the above programs will decrease inflation is not very bright.

 

LOL!
I'm aghast at the level of incompetence displayed by the current administration. And not just on the economic front.
They have an uncanny ability of stepping into feces with every step they take. If they continue on this trajectory, they will be the minority party for several election cycles.

 

Never underestimate the "vote blue no matter who" crowd.

 

P

 

 

It's a lot more than 7.5%

The CPI is bogus

 

https://www.dailymail.co.uk/news/art...pike-1982.html


I feel like Biden is like Isherwell in "Don't look up" when the mission clearly fails at the end and he goes, "Ookay. We're all fine. Everyone's fine. It's gonna be alright. If you'll excuse me, nature calls, I'm just gonna go to the restroom for a moment."

 

My guess is it’s north of 9.5-10%.
They’ve “massaged” the numbers to keep it down at 7.5.