Dim bulb Jonathan Martin says Joe should heave Bidenomics into the dumpster just as broad inflation tanks from 3.7% yoy in September to 3.2% yoy in October

Perhaps the most overwhelming economic messaging advice I picked up from Democrats was for him to heave “Bidenomics” into the dumpster. Attempting to make voters believe something they don’t is folly. Attaching your name to that strategy borders on masochistic.

Here’s How Biden Can Turn It Around

Joe would be well on his way to re-election right now if he weren't shooting himself in the foot with his stupid green energy policies, which are keeping inflation from coming down harder than it already is.

That's what needs to go in the dumpster.

July inflation go boink

 

Fixed it for ya: Stonks continue to laugh at puny Fed rate hikes as interest rate arbitrage is defacto Fed policy

The stock market is liking Fed rate hikes this year, unlike in the past

Arbitrage.

This year's drinking word.

DFF: 1.58%.

CPIAUCNS: 9.1%.

Hey, watch me borrow cheap, buy a trailer park, and raise the rents and fees on little old ladies on Social Security.

We're goin' to Vegas, baby!

LOL Drudge, a one per cent Fed Funds rate hike from here would take it from 1.58 to 1.5958, silly

 A 100 basis point rise, as in the story, would take it to 2.58, an increase of 63%, which is the draconian kind of thing Cathie Wood likes to dramatize.

But no one understands draconian. In a world of superlatives where everything is awesome, the smallest changes are blown all out of proportion.

Draconian would be raising the rate at least to the level of inflation, now 9.1% year over year (not seasonally adjusted).

Actual draconian is necessary.

But these are not serious people. None of them.

Conservatives give thanks for the achievements of John Boehner, libertarians, the ignorant and the stupid just snarl

• Saved taxpayers $762 billion over ten years by making the Bush tax rates permanent for 98% of all filers beginning at the dawn of 2013
• Saved taxpayers $1.8 trillion over ten years by finally fixing the Alternative Minimum Tax for all victims of bracket-creep
• Saved taxpayers $339 billion over ten years by maintaining the 15% capital gains tax rate for incomes below $450,000
• Saved families $354 billion over ten years by maintaining the child tax credit
• Cut average annual federal deficits of $1.3 trillion 2009-2012 by 57%, to $556 billion on average 2013-2016 by ending the emergency Social Security Tax reductions and instituting the sequester spending cuts
• The S&P 500 immediately responded with total returns in 2013 of 32.39%, the fifth best year since 1970  
• The moribund US Dollar rose 19%, from below 80 to 95 today as overall fiscal rectitude improved
• Causing oil prices to plummet from an average of $95/barrel 2011-2014 to $52/barrel on average in 2015 
• Causing average US gasoline prices to fall from $3.34/gallon one year ago to $2.28/gallon today
• Helping to keep the all-items consumer price index year-over-year nearly flat, rising just 0.2%