"Here, let's look at this completely irrational thing and apply some logic to it now that we're down 28 points in the fourth quarter".
Their tidy little world of dollars and cents makes no sense, either.
Imagine Winston Churchill saying this after Dunkirk.
The only Republican with the courage to say No was Mitch McConnell.
The lunatics control the asylum.
Which means that this headline is what then?
Producer prices report points to softer Fed inflation measure than feared:
A gauge of wholesale prices rose more than expected in January ... Over the past year, the all-items PPI increased 3.5%, well ahead of the central bank’s objective. ...
“Wholesale price growth came in slightly higher than expected for January, and the read for December was adjusted upward,” said Elizabeth Renter, senior economist at personal finance site NerdWallet. “In other words, inflation at the producer level remains high, and one concern is that this inflation could ultimately be passed along to consumers.”
Revisions to the December numbers also complicated the inflation picture, with the gain now put at 0.5%, compared with the 0.2% increase previously reported.
Last month's headline: Inflation watch: Wholesale prices rose 0.2% in December, less than expected.
As usual, the truth is under the hood of the polished headline, or maybe next month's polished headline.
Nothing looks soft to me in the measures shown below, which are the not-seasonally-adjusted ones.
Overall producer prices are up 0.7% in Jan 2025, and 3.5% year over year. Core producer prices are up 0.5% in Jan 2025, and 3.6% year over year. At least until next month.
The word "tax" appears nowhere in this story.
Ray Dalio is worth $19 billion.
The hypocrite:
Over the last decade, Musk's companies SpaceX and Tesla were awarded at least $18 billion in federal contracts, according to spending data -- with SpaceX winning more than $17 billion worth of contracts since 2015.
And don't forget the benefit of the government coin in the till for every Tesla purchased:
The art of the cave.
The art of the deal would drop NATO membership for a return of the occupied lands, but no, let's concede EVERYTHING for . . . what exactly?
A cessation of hostilities?
These people are a joke and a disgrace.
The average price of utility natural gas was $1.04 per therm 2017-2020.
In Jan 2025 it costs $1.55, 49% more.
Since about 10% of natural gas production is diverted to LNG export for big profits, most of the increase is related to diversion of natural gas from heating to electricity production because of the lunatic policy of retiring massive amounts of coal electric generation capacity.
It makes heating your home much more expensive, and keeping the lights on much more expensive at the same time.
Thanks for nothing, green energy assholes. It's 22 degrees F and snowing in Grand Rapids, MI.
Sorting for the 100 largest flocks of egg-layers affected by H5N1 bird flu since 2022 which have had to be destroyed, as of this morning I count in excess of 21 million chickens destroyed to stop the spread so far in 2025 alone.
Trump pardoned Bannon on the federal charges literally at the 11th hour in January 2021, but not Bannon's partners, who all went to the big house.
New York State went after Bannon separately.
Rep. Nancy Mace accuses ex-fiancé and associates of assaulting her and raping others in House speech
... Saying she was going “scorched earth,” Mace detailed how, in November
2023, she says she “accidentally uncovered some of the most heinous
crimes against women imaginable. ..."
The prayer breakfast incident occurred in July 2023:
Nancy Mace tells prayer breakfast she told fiancé ‘we don’t got time for that this morning’
Maybe she'll change it to an "S" now?
Trump announces plan to stop making new pennies, citing production costs
In the U.S., discontinuing the penny entirely may require congressional approval.
Eliminating the penny would take only 28.6 years to pay for itself ha ha ha ha ha.
