Saturday, December 24, 2022

CNN thinks November core inflation at 4.7% yoy is good news

There's never any discussion about how core inflation vaulted to the current levels well before the war in Ukraine even began.

The reason for the inflation surge is Biden's war for green energy, the one input which makes everything cost more because green energy costs much more than conventional energy from coal, oil, and natural gas.

Add trillion$ in COVID stimulus chasing too few goods and it's a recipe for the disaster which is ongoing, not moderating.

Some people get it. Most don't.


 

 


 

  • The Fed's Favorite Gauge Shows Price Increases Are Moderating