INFLATION RISES AT HIGEST RATE SINCE 2008; CORE INFLATION HIGHEST SINCE 1982; HIGH INFLATION AND WEAKER JOB GROWTH HAS ANALYSTS NOW FEARING “STAGFLATION”
by Kevin Ryan
The Consumer Price Index (CPI) rose 0.8% in April, bringing the level 4.2% higher than a year ago, the largest increase since 2008. The increase was much higher than analysts and the Fed had expected.
“I was surprised,” Federal Reserve Vice Chairman Richard Clarida said in an interview shortly following the release.
Core inflation (which excludes energy and food) was even more surprising, growing at 0.9% in one month, the highest increase since April, 1982.
The number follows an April jobs report last week that was so bad, people called it “the worst miss ever”. Just 266,000 jobs were added in the month, far worse than the 1,000,000 that had been expected.
The weak job growth and high inflation has some analysts starting to worry about “stagflation,” something not seen since the days of Jimmy Carter.
Reuters: “The collision of higher inflation and weaker job growth has echoes of the damaging ‘stagflation’ of the 1970s, and would be the worst of both worlds for a central bank charged with maintaining both high levels of employment and stable prices.”
The problem for the Fed will be how to rein in inflation without worsening the jobs picture. Normally the Fed increases rates to cool down inflation when the economy overheats. But doing so can also slow the economy and hurt job growth.
Nevertheless, the higher-than-expected inflation has the Fed now openly discussing rate hikes. If today’s data “isn’t transitory,” Vice Chair Clarida says, the Fed “will use our tools to bring inflation under control”.
That could further slow the recovery, which Clarida points out will need to grow at 500,000 jobs per month until Fall 2022 just to return to Trump-level highs.
“It may take longer to reopen the economy than it did to shut it down,” Clarida now says.
SOURCES: https://www.bls.gov/news.release/cpi.nr0.htm
https://www.reuters.com/article/usa-fed-...wXnr4qOtk3

Get ready for it. The banks will start pulling the profits they have made out of the stock market to pay the fed back. That’s when the bottom of the bucket drops to the bottom of the well.

I just don't think any of this is by accident or even incompetence. I strongly believe its a well orchestrated series of crisis to permanently change the culture and nation. A permanent power grab by the elite.

Sure, there are plenty of incompetent morons in positions of power, but this is an orchestrated chaos from a very, very high perch.

"The last full cycle of rate increases occurred between June 2004 and June 2006 as rates steadily rose from 1.00% to 5.25%."

IF they try to do that to fight inflation things will get ugly

I'm going to go buy a Vega.

(05-12-2021 04:32 PM)Bear Catlett Wrote:  I'm going to go buy a Vega.

nah, Vega's were sharp. A 'Vette is what you want:

(05-12-2021 01:33 PM)Was SoMs Eagle Wrote:  Get ready for it. The banks will start pulling the profits they have made out of the stock market to pay the fed back. That’s when the bottom of the bucket drops to the bottom of the well.

What??? That makes no sense

(05-12-2021 05:48 PM)TheOriginalBigApp Wrote:  

(05-12-2021 04:32 PM)Bear Catlett Wrote:  I'm going to go buy a Vega.

nah, Vega's were sharp. A 'Vette is what you want:

Hopped out of the hatch back of a white vega with no heat or air every day of elementary

Sent from my SM-N975U using Tapatalk

I’m waiting for Biden’s “Malaise Speech.”. It’s coming.

(05-12-2021 06:21 PM)rath v2.0 Wrote:  I’m waiting for Biden’s “Malaise Speech.”. It’s coming.

That speech was before my time

Was he basically telling Americans they are evil in that speech?

The music of the 80s was awesome. I'm totally stoked. Totally.