Disgusting: No matter how you cut it, core cpi inflation is up in October

 Seasonally adjusted core cpi inflation is trending higher since July, and ticked up from 3.25% year over year in September to 3.30% in October.

Not seasonally adjusted inflation is up to 3.33% in October from 3.31% in September, also trending higher since July.

And yet Jerome Powell keeps cutting the Fed Funds Rate, 50 basis points in September and another 25 basis points last week. 10Y yield minus 2Y has been showing its displeasure ever since, reversing its healthy trend. So has the 30Y mortgage.

Congress continues to spend like drunken sailors, and Powell has joined them with loose monetary policy now after not tight enough policy EVER.

The whole thing is DISGUSTING. And the election changes NOTHING.

 

Well, that didn't last long lol: 30-year mortgage ticks up from 6.08 to 6.12

 

Population-adjusted vehicle sales in the US are down almost 38% since the late 1970s

 Maybe they should make cars Americans want to buy and can afford.

Well, that's the end of the inflation "fight"

 Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years

 

This is the way the world ends, not with a bang but a whimper

Trend for peak performance

 

1950: 24.0%

1959: 16.6% (9 years)

1984: 11.3% (25 years)

1997:  7.8% (13 years)

2010:  6.3% (13 years)

2021:  4.7% (11 years)

Hey look, corporate profits are higher than ever under capitalist pig Joe Biden hehe

 

Your reminder that Democrat Speaker Nancy Pelosi owns the two worst episodes of federal spending in excess of tax receipts in the history of the country

 Spending originates in the US House by law.

Democrat Speaker Nancy Pelosi owns the two worst episodes of federal spending in excess of tax receipts in the history of the country, by 310% in 2009 and by 309% in 2020, under Obama (Great Financial Crisis) and then under Trump (Pandemic).

 

Platitudinous Glenn Loury thinks like a Marxist in his old age: Workers of all races have a common bond, he says

This kind of politics is universal.

The lapdogs lick it up here.

Glenn Loury last worked in a factory, when, in 1972? More than 12% of the civilian population had a manufacturing job back then. Today fewer than 5% have one. But in neither case was there anything universal about being working class.

 

 

 

 

 

 

 

 

 

What have miners, sailors, tailors' apprentices, metalworkers, waiters, bank officials, ploughmen, and scavengers in common with one another?

-- Oswald Spengler

 

The purchasing power of the US Dollar is down 18.46% in the four years since COVID-19 made us lose our minds

 

That low spot in between there is Trump

 Obama-Biden, Biden-Harris, have two things in common: Biden and high gasoline prices. OK, three things: Democrat Party. OK, four: tokens of the group most hurt by high gas prices.

If you like the obscene 27% increase in electricity prices under Joe Biden, vote Democrat in November

Have fun paying the A/C bill this summer.

The continuing price gouging by US natural gas utilities is astounding

Look at all that daylight between what utilities charge and the gas actually costs.

 

American utilities have used the pandemic and the Russia-Ukraine war to price gouge the consumer for natural gas

American utilities have used the pandemic and the Russia-Ukraine war to price gouge the consumer. 

Natural gas prices have nosedived 73% since 3Q2022 but utility prices stopped declining a year ago and are down just 14% from peak.

Utility gas actually increased in 4Q2023 and again in 1Q2024.

Look at all that air under the red line.  First time that's happened in decades.

People should be MAKING A STINK!

 

If you want to know why the price of electricity is up 41%, this is why

 Obama/Biden built that.

More like a stick-up, Janet

 Treasury Secretary Janet Yellen: U.S. Economy Is "Firing On All Cylinders," "Consumers Are Holding Up"

The dollar buys 16.23% less in March 2024 than it did when Joe Biden was inaugurated.

 

 

Elon Musk, Glenn Beck, Matt Yglesias, and Donald Trump are FOR lots of LEGAL immigration

 I'M NOT.

Just a reminder that the Fed said all these purchases it made in 2008 and again in 2020 were just temporary

Now Fed Chair Powell has just said it's time for the pace of the roll-off to slow.

That's the curved line slowly trending down from it's peak near $9 trillion to $7.5 trillion now.

Just as the National Debt will never be paid down, the Fed will never stop intervening in the Treasury market to limit supply and support prices, which suppresses market driven interest rates. 

Powell isn't serious about fighting inflation.

 

 

The price of electricity is at a new record high level in the US of 17.3 cents per kWhr in January and February 2024: Up 27.2% under Joe Biden

This is your periodic reminder that the net worth of U.S. households is $151 trillion but there's only $2.3 trillion fiat currency in circulation anyway

https://fred.stlouisfed.org/series/TNWBSHNO

https://fred.stlouisfed.org/series/CURRCIR 

Meanwhile all the gold and silver in the world hardly close the gap: 

 

 

Meanwhile Bidenomics gave us 0% inflation again in October 2023