Friendly note from SoCal Gas January 6, 2023Submitted by fire with fire on Wed, 01/25/2023 - 1:27pm
Republicans have been hammering the Democrats because of the current price inflation in the economy.
So what do the Republicans have in mind for fixing inflation?
is give war a chance.
Stocks were moving higher and looking strong this morning, and then the CPI inflation report came out, and stocks got monkey-hammered.
The markets celebrated last week when energy prices fell, and this allowed the inflation rate to decline slightly.
What most people don't realize is that a large part of that decline in energy prices came from the U.S. federal government and it's about to run out.
The stock market just had its best month is almost two years. Now we all know that the stock market hasn't reflected the real economy for many years, but what's going on now is nothing short of "bad news is good news".
To the surprise of Wall Street, but to the surprise of no one here on C99P, yesterday's inflation report showed price inflation at a 40-year high.
This week the G7 and NATO met trying to plot China and Russia's demise. It is almost comical. Russia's special op in Ukraine continues in a relentless grind. The western economies continue to inflate...when will they pop? The court has been wreaking havoc throwing Roe back to the states and eliminating the power of the EPA to regulate power plant emissions. In the midst of all this it is no wonder COVID has dropped off the radar, but it is still with us...mainly variants BA4 and BA5 which are immune escaped meaning they infect vaxed and previously infected people.
Housing represents about a third of the basket of goods and services that the BLS uses to track inflation in the Consumer Price Index, the largest component. This is very bad.
I had to share this.
And if you lose one leg in a wood-chipper accident you only need half as many shoes.