INFLATION IS OUR FRIEND

[morekaos]

...and the Malaise speech comes out...He feels your pain (empathetic) Thank you President Carter..I mean Brandon....

Biden isn?t fooling anyone ?? inflation is his fault and he has no solution to fix it

The president set himself an easy task Tuesday ? to show a dispirited public he cares about their painful straits. As he put it, ?I want every American to know that I?m taking inflation very seriously and it?s my top domestic priority.?

Just not seriously enough to bring a single new idea to the table. Instead he fell back on tired tropes about how none of the historic increase in prices is his fault.

With Biden, the buck always stops somewhere else.

The two straw men he trotted out were familiar ? the pandemic and the Putin Price Hike. The latter coined phrase is as ridiculous as President Gerald Ford?s WIN gambit, for Whip Inflation Now, and will no doubt be just as effective economically and politically.

Asked by a reporter after his address whether he accepted any responsibility for the crisis, Biden said no, adding: ?I think our policies help, not hurt.?

Saying so doesn?t make it true.
https://nypost.com/2022/05/10/biden...s-his-fault-and-he-has-no-solution-to-fix-it/

 

[Liar Loan]

...and the Malaise speech comes out...He feels your pain (empathetic) Thank you President Carter..I mean Brandon....

Biden isn?t fooling anyone ?? inflation is his fault and he has no solution to fix it

The president set himself an easy task Tuesday ? to show a dispirited public he cares about their painful straits. As he put it, ?I want every American to know that I?m taking inflation very seriously and it?s my top domestic priority.?

Just not seriously enough to bring a single new idea to the table. Instead he fell back on tired tropes about how none of the historic increase in prices is his fault.

With Biden, the buck always stops somewhere else.

The two straw men he trotted out were familiar ? the pandemic and the Putin Price Hike. The latter coined phrase is as ridiculous as President Gerald Ford?s WIN gambit, for Whip Inflation Now, and will no doubt be just as effective economically and politically.

Asked by a reporter after his address whether he accepted any responsibility for the crisis, Biden said no, adding: ?I think our policies help, not hurt.?

Saying so doesn?t make it true.
https://nypost.com/2022/05/10/biden...s-his-fault-and-he-has-no-solution-to-fix-it/

Even better was Prince Charles giving this same speech from a golden, diamond-encrusted throne yesterday.
https://twitter.com/i/status/1523977008262352903

 

[morekaos]

See!!...Inflation is your friend!..The Boy King wants to send you money for doing....nothing.  Makes sense...

California Gov. Newsom proposes inflation relief checks

Gov. Gavin Newsom wants to use some of the state's projected record $68 billion budget surplus for an $18.1 billion inflation relief package.

The proposal includes:

$11.5 billion to send $400 checks to car owners$2.7 billion toward emergency rent relief$1.4 billion to help people with past-due utility bills$933 million for relief checks to some hospital and nursing home staff
The governor also is proposing $750 million for free public transit, a pause in the diesel sales tax, and waiving child care fees for low-income families.

"It's a struggle right now so if it does pass it'd be very much appreciated," said Stephanie Smith, a Richmond resident who has three children and a spouse in her household.
https://www.ktvu.com/news/california-gov-newsom-proposes-inflation-relief-checks

 

[usctrojancpa]

See!!...Inflation is your friend!..The Boy King wants to send you money for doing....nothing.  Makes sense...

California Gov. Newsom proposes inflation relief checks

Gov. Gavin Newsom wants to use some of the state's projected record $68 billion budget surplus for an $18.1 billion inflation relief package.

The proposal includes:

$11.5 billion to send $400 checks to car owners$2.7 billion toward emergency rent relief$1.4 billion to help people with past-due utility bills$933 million for relief checks to some hospital and nursing home staff
The governor also is proposing $750 million for free public transit, a pause in the diesel sales tax, and waiving child care fees for low-income families.

"It's a struggle right now so if it does pass it'd be very much appreciated," said Stephanie Smith, a Richmond resident who has three children and a spouse in her household.
https://www.ktvu.com/news/california-gov-newsom-proposes-inflation-relief-checks

Really?  OMG, stop already.  If you are running surpluses put it aside and fix infrastructure (roads, bridges, etc) or put into schools or better yet lower some taxes (like the gas tax).

 

[morekaos]

See!!...Inflation is your friend!..The Boy King wants to send you money for doing....nothing.  Makes sense...

California Gov. Newsom proposes inflation relief checks

Gov. Gavin Newsom wants to use some of the state's projected record $68 billion budget surplus for an $18.1 billion inflation relief package.

The proposal includes:

$11.5 billion to send $400 checks to car owners$2.7 billion toward emergency rent relief$1.4 billion to help people with past-due utility bills$933 million for relief checks to some hospital and nursing home staff
The governor also is proposing $750 million for free public transit, a pause in the diesel sales tax, and waiving child care fees for low-income families.

"It's a struggle right now so if it does pass it'd be very much appreciated," said Stephanie Smith, a Richmond resident who has three children and a spouse in her household.
https://www.ktvu.com/news/california-gov-newsom-proposes-inflation-relief-checks

Really?  OMG, stop already.  If you are running surpluses put it aside and fix infrastructure (roads, bridges, etc) or put into schools or better yet lower some taxes (like the gas tax).

You do know there is an election coming?...easy way to buy votes with the voters own money...its a twofer!

 

[morekaos]

A year ago I was paying $2.90 for a gallon of gas = $6.00 a gallon gas...fact or just my opinion.  Numbers...just numbers.

Except gas now is about $4.00. Stop lying.

Also, what does that have to do with anything? A year ago, demand was less because fewer people were driving. I mean, seriously. Stop using misinformation.

You were saying?.... ;D ;D >
Gas prices hit $5 in Manhattan

NEW YORK - Gas prices are on the rise and they have hit nearly $5 for regular and are now about $5.40 a gallon for supreme in Manhattan.

A Mobil station on 11th Ave. on the West Side had the eye-popping prices on Monday evening.

https://www.fox5ny.com/news/gas-prices-hit-5-in-manhattan

Do you believe now Trinity??


?Did you ever think you?d be paying this much for a gallon of gas?? Biden said. ?In some parts of California, they?re paying $4.50 a gallon.?
https://youtu.be/gI4UpBjdJ3s

Funerer and funerer!!... ;D ;D >

Los Angeles becomes the first US city to hit average gas price of $6 per gallon: Fuel costs continue to soar on the West Coast while they level off in the rest of the country
Gas in Los Angeles hit a record high of $6.011 per gallon on Tuesday
It is the highest recorded average gas price for a major US city, experts say
Gasoline continues to soar on the West Coast, particularly in California
However, the US average has leveled off from this month's record highs
https://www.dailymail.co.uk/news/ar...es-major-city-reach-6-average-gas-prices.html

We're #1! We're #1!  Not good enough to torture just the city dwellers...lets get em all and have a Statewide average of $6.00...I knew we could get there!!...well done team!!

OIL AND GAS
California?s gas average tops $6 per gallon as prices across the U.S. surge

California?s statewide average for a gallon of gas has surged to a record above $6.
The national average for gas hit $4.523 on Tuesday, according to AAA, also a record.
The rapidly rising price of gas is contributing to inflationary pressures across the economy.
https://www.cnbc.com/2022/05/17/cal...rce=iosappshare|com.apple.UIKit.activity.Mail

 

[The Motor Court Company]

Costco is raising hot dog price by $1...wow. Inflation must really be that bad. hopefully this is not true and fake news.

 

[Liar Loan]

Costco is raising hot dog price by $1...wow. Inflation must really be that bad. hopefully this is not true and fake news.

Unfortunately, it's true.  There's a shortage of hooves and lips due to the Ukraine war.

 

[Kenkoko]

No it's not true. It's just fake news circulating on social media.

 

[morekaos]

Needs to look butch and maintain some form of credibility....

Powell says the Fed will not hesitate to keep raising rates until inflation comes down

Fed Chair Jerome Powell said he will back interest rate increases until prices start falling back toward a healthy level.
"If that involves moving past broadly understood levels of neutral we won't hesitate to do that," the central bank leader told the Wall Street Journal
https://www.msn.com/en-us/money/mar...flation-comes-down/ar-AAXo4VZ?ocid=uxbndlbing

 

[morekaos]

Oh My... ;D ;D >

Trump says stock markets will crash if he loses election...February 25, 2020
https://news.yahoo.com/trump-says-stock-markets-crash-103731552.html

Trump Predicts What Will Happen to Gas Prices, And It Sounds Horrifying...October 31, 2021

?Gas prices are going up at a far more rapid rate than anybody?s seen in a long time. We had gas prices very low, and yet we had more energy jobs than we?ve ever had,? said Trump, speaking at a time when the average price of gas was $2.879 per gallon.

?[T]hey will be going up by $1, $2, $3, if you look at that, and it?s bigger than a tax increase to the consumer,? he said
https://www.westernjournal.com/trump-predicts-will-happen-gas-prices-sounds-horrifying/

Trump claims Biden win would cause depression despite economists' forecast..OCTOBER 14, 2020 .

"The policies of the left would unleash an economic disaster of epic proportions," Mr. Trump said, claiming that a Democratic win would lead to sharply higher taxes and "destroy our country."
https://www.cbsnews.com/news/trump-economic-club-new-york-recovery-jobs/

 

[zubs]

I think about how my suppliers are gouging me with higher prices...
and how I gouge my customers
and how they have to gouge TARGET as well.

It's the CIrrrrrrcle of LiiiiIIIIIfe....

And then TGT has a massive drop because inflation is eating their profits.
At least I am getting my pound of flesh.


I heard shipping company execs are getting 1 year bonuses due to all the people paying the higher freight cost. ...I wonder if that is true.

 

[zubs]

https://fortune.com/2022/01/26/labor-shortage-shipping-bonuses-wages-higher-pay-workers-corporate-profits/#:~:text=Shipping%20lines%20are%20paying%20workers%20huge%20year-end%20bonuses%2C,to%20have%20low%20pay%20and%20bad%20working%20conditions.

Some workers at Taiwan?s Evergreen Marine Corp. received a year-end bonus that was nearly 40 times their monthly salary. Workers at Wan Hai, another Taiwanese shipping line, got annual bonuses equivalent to a full year?s wages plus an additional $36,079.

Container shipping companies have had a banner year, collecting profits that industry experts call "surreal," at the same time as it's seeing a labor shortage caused by unhappy and underpaid workers. That threatens to further weaken the already precarious global supply chain?and throw those record profits into peril.

Shipping is so messed up by COVID the freight companies are making all the money.


I think with the money drying up in USA, and the recession finally starting, shipping will return to normal by the end of the year....
We should start preparing for 2much inventory.

 

[zubs]

I've been paying my freight forwarders thousands of dollars to kick other peoples parts off and put my products on the boat for the past year.

It's how I keep my inventory up. 

So I guess I'm not really gouging my customers since it's all going to Evergreen and YM lines anyway.

 

[morekaos]

Money finds a way...
https://youtu.be/kiVVzxoPTtg

 

[morekaos]

We pick that rabbit out of the hat while everyone sits out there wondering how we did it.....why people pay pros.

Wall Street banks made $2.3 BILLION by betting on rising inflation in 2021 - doubling the amount they made in 2019
So-called 'Linkers' are inflation-linked bonds that have resulted in a windfall for Wall Street
Goldman Sachs traders Nikhil Choraria, Puskar Jha and 'child prodigy' Wajih Ahmed helped net $450 million for the big bank
JP Morgan's Gil Holmes brought in $300 million for his investment house
https://www.dailymail.co.uk/news/ar...etting-rising-inflation-2021-double-2019.html
https://youtu.be/gi1e_22x4Bs

 

[morekaos]

Who would have known it would one day come true...They laughed at it then but now they are trying to do it...
https://youtu.be/ABvu0qZ2B6Q

 

[morekaos]

Isn't this the same career bureaucrat that assured us just a few months ago that inflation was just "temporary"  and "transitory"?  This is the person in charge of our money supply...Does anyone in this administration know what they are doing?

Treasury secretary warns of ?very uncomfortably high? inflation for next year

Treasury Secretary Janet Yellen warned that Americans should expect to continue paying increased prices on everyday goods for the next year, offering a reversal from her previous forecast that record-high inflation would soon subside. The main culprit, she told CNBC?s ?Closing Bell? on Thursday, was Russia?s war against Ukraine. Ms. Yellen?s claim that Russian President Vladimir Putin is to blame for America?s inflation woes echoes that of the Biden administration writ large, which has received criticism for dubbing the phrase ?Putin?s price hike.? ?I think there?s a lot of uncertainty that is related to what?s going on with Russia in Ukraine,? Ms. Yellen said on the network.
https://www.washingtontimes.com/news/2022/mar/11/treasury-secretary-janet-yellen-warns-very-uncomfo/

Before she "evolved"...astonishing incompetence...

Yellen says high inflation is temporary.
Oct 25, 2021

During an interview aired on Friday?s broadcast of CNN?s ?Situation Room,? Treasury Secretary Janet Yellen said that she still thinks inflation is ?temporary, although, I don?t mean just a matter of a month or two.? And ?by the second half of the year, annual inflation rates will begin to decline toward their more normal level of around 2%.?

Yellen said, ?I still would say it?s temporary, although, I don?t mean just a matter of a month or two. Although, monthly inflation rates are ? have substantially declined from where they were just four or five months ago. But what we?re really seeing is the impact of the COVID pandemic has severely disrupted economic activity. It?s hugely boosted spending on products, on goods and diminished spending on services. It?s created an enormous demand for semiconductors and these supplies, although they?ve increased, are ? have encountered bottlenecks and it?s really caused some inflationary increase in recent months. As people get back to work, as we defeat the pandemic, and as demand shifts back to services and as supply has a chance to adjust, I believe that price increases will normalize and we?ll see lower monthly inflation rates, I think, by the second half of the year, annual inflation rates will begin to decline toward their more normal level of around 2%.?

Whos the more foolish?...the fool or the fool that follows him(her)?

Yellen says the administration is fighting inflation, admits she was wrong that it was ?transitory?

Treasury Secretary Janet Yellen told CNBC that the White House has several strategies that will reduce inflation she conceded is too high for Americans.
In a separate interview Tuesday, Yellen admitted she was wrong when she called inflation ?transitory? last year.
https://www.cnbc.com/2022/06/01/yel...its-she-was-wrong-that-it-was-transitory.html
https://youtu.be/-PzdN3Q5lac

 

[morekaos]

That really seems cheap now, Huh?... >

A year ago I was paying $2.90 for a gallon of gas = $6.00 a gallon gas...fact or just my opinion.  Numbers...just numbers.

Except gas now is about $4.00. Stop lying.

Also, what does that have to do with anything? A year ago, demand was less because fewer people were driving. I mean, seriously. Stop using misinformation.

You were saying?.... ;D ;D >
Gas prices hit $5 in Manhattan

NEW YORK - Gas prices are on the rise and they have hit nearly $5 for regular and are now about $5.40 a gallon for supreme in Manhattan.

A Mobil station on 11th Ave. on the West Side had the eye-popping prices on Monday evening.

https://www.fox5ny.com/news/gas-prices-hit-5-in-manhattan

 

[zubs]

As gas goes up...I'm feeling more and more like your favorite prognosticator
 
MS CLEO!
*fanfare fanfare*

Cause I bought solar panels and an electric car not long ago...