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Educational standards at Boston University are nothing if not consistent.
From 1983 through 2001, the Federal Funds Rate was aggressively high and averaged 6.27%, and the Consumer Price Index averaged 3.24%.*
From 2002 through 2020, the Consumer Price Index was much lower on average at 2.01%, as the Fed pursued an aggressive low interest rate policy, which averaged just 1.36%.
So, lower Federal Funds Rate, lower inflation, higher Federal Funds Rate, higher inflation, just the opposite of what the Fed says it intends.
But only a numbskull thinks these are correlated. The Fed is merely reactionary to complex existing phenomena, not pro-actively creating conditions.
* I used the average of the annual averages.
The US is averaging roughly 720k infections per day, and the UK 147k, so far in January.
In the US you have to have roughly 232m people infected to get to 70%. At the current rate of infection, that's 322 days.
In the UK you have to have roughly 48m people infected to get to 70%. At the current rate of infection, that's 327 days.
There is no way to predict if current rates of infection will persist, but current rates put us to mid-November.
One thing's for sure, however, the vaccines sure as hell aren't stopping it.
-- Revilo P. Oliver, "By Their Fruits Ye Shall Know Them", Liberty Bell, August 1985
Tucker Carlson laughably says Kavanaugh voted with the liberals on this because his confirmation hearings broke him.
Ridiculous beyond words.
Omicron case counts are shattering all previous COVID-19 records. But the numbers don’t carry the same weight they used to. State and local health departments are preparing to explain that to the public and start reporting more meaningful data on the virus.
More.
Remember when Donald 15 cases going to zero Trump wanted to stop testing to reduce case counts because they were making him look so bad?
THESE PEOPLE ARE TRUMP.
I'll say.
Eggs, butter, and ketchup prices were a little bit higher than previously.
He's not a critic. He's a drive-by shooter.
The people to whom we waved goodbye in 2021 were not all heroes. Expect no celebratory parades for disgraced Ponzi schemer Bernie Madoff or Hustler publisher and smut peddler Larry Flynt, but in fairness, Flynt was a brave advocate for First Amendment rights before he was gunned down by a racist extremist in 1978 and left paralyzed for the rest of his life. And “So long” to Prince Philip, 99, the Duke of Edinburgh, who left the monarch of England, Queen Elizabeth II, to endure the antics of her dysfunctional family alone.