Posted by dragonfly28 on 10th of Apr 2024 at 12:14 pm
So the dot plot plot is now becoming more of a blurrr . .
. . . anyone with a brain can see inflation everywhere no
matter what the talking heads would have us believe. A
12 oz can of frozen orange juice that was $1.25 is now $2.75.
Nothing to see here, it's just your imagination.
And oil prices are rising . . . .
hmmm.
Posted by DigiNomad on 10th of Apr 2024 at 12:22 pm
They are rapidly redistributing wealth away from middle class to
lower and upper classes (mostly upper classes) while going full
bore into whatever spending dreams they've ever dared to dream but
didn't have an no credit limit environment to actually make it
happen. The gaslighting will continue. We're not the
1st country to experience this and we won't be the last.
Posted by DigiNomad on 10th of Apr 2024 at 12:48 pm
CNBC had the the deputy treasury secretary (pretty sure that was
his title) on right before the print this morning. He was careful
to say that controlling inflation is the Fed's responsibility
before going on to say we're in a good place. I don't know
what changed, but that would have brought previous Fed Governors to
their feet publicly calling out the administration for spending. It
used to happen all the time. The fed only has one lever to pull and
controlling inflation is very much a shared responsibility -
clearly a responsibility that the administration is choosing to
ignore. The fed bears some responsibility for not using their
pulpit to call out the administration as previous Feds
have.
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So the dot plot plot
Posted by dragonfly28 on 10th of Apr 2024 at 12:14 pm
So the dot plot plot is now becoming more of a blurrr . . . . . anyone with a brain can see inflation everywhere no matter what the talking heads would have us believe. A 12 oz can of frozen orange juice that was $1.25 is now $2.75. Nothing to see here, it's just your imagination. And oil prices are rising . . . . hmmm.
They are rapidly redistributing wealth
Posted by DigiNomad on 10th of Apr 2024 at 12:22 pm
They are rapidly redistributing wealth away from middle class to lower and upper classes (mostly upper classes) while going full bore into whatever spending dreams they've ever dared to dream but didn't have an no credit limit environment to actually make it happen. The gaslighting will continue. We're not the 1st country to experience this and we won't be the last.
CNBC had the the deputy
Posted by DigiNomad on 10th of Apr 2024 at 12:48 pm
CNBC had the the deputy treasury secretary (pretty sure that was his title) on right before the print this morning. He was careful to say that controlling inflation is the Fed's responsibility before going on to say we're in a good place. I don't know what changed, but that would have brought previous Fed Governors to their feet publicly calling out the administration for spending. It used to happen all the time. The fed only has one lever to pull and controlling inflation is very much a shared responsibility - clearly a responsibility that the administration is choosing to ignore. The fed bears some responsibility for not using their pulpit to call out the administration as previous Feds have.