Biden jacks inflation up to 5.3% in August

marvin martian

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Sep 29, 2020
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This is good. The rubes who voted for this idiot need to feel the consequences of electing a man under the complete control of Chinese and Russian communists.


Consumer prices increased 5.3% in the year ending in July, according to a report released on Tuesday by the Department of Labor.

The numbers from the consumer price index came in line with forecast expectations and raise concerns that inflation is coming in too hot as the country continues its recovery from the COVID-19 pandemic.

The August report on inflation was highly anticipated because it comes after a jobs report that was far worse than expected. The economy added just 235,000 new jobs last month , far fewer than the 750,000 that were expected. Despite the meager gains, the overall unemployment rate dropped slightly from 5.4% to 5.2%.

Bankrate's chief financial analyst Greg McBride said that the inflation numbers were underscored by "easing price pressures" in some of the industries that saw the hottest inflation just months ago, which he said speaks to the potentially transitory nature of the increases.

"The debate over whether inflation will be short-lived or more sustained has not been resolved. The jury will remain out for many more months, particularly with persistent supply chain constraints," McBride said.

Inflation has been higher in recent months than the Federal Reserve and many economists anticipated earlier this year. The consumer price index registered its highest year-over-year gains since 2008 in June and July when it clocked in at a whopping 5.4%.
 
Oh my.
 

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COME ON MAN!

This is all Trump’s fault!

border crossings were high in the winter because of seasonality!

OH….theywere at an all time high in August?

DERP DERP DERP DERP DERP

You fucking Biden sheep could not find your own dicks with 2 hands and a flashlight while sitting on a mirror.
 
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This is good. The rubes who voted for this idiot need to feel the consequences of electing a man under the complete control of Chinese and Russian communists.


Consumer prices increased 5.3% in the year ending in July, according to a report released on Tuesday by the Department of Labor.

The numbers from the consumer price index came in line with forecast expectations and raise concerns that inflation is coming in too hot as the country continues its recovery from the COVID-19 pandemic.

The August report on inflation was highly anticipated because it comes after a jobs report that was far worse than expected. The economy added just 235,000 new jobs last month , far fewer than the 750,000 that were expected. Despite the meager gains, the overall unemployment rate dropped slightly from 5.4% to 5.2%.

Bankrate's chief financial analyst Greg McBride said that the inflation numbers were underscored by "easing price pressures" in some of the industries that saw the hottest inflation just months ago, which he said speaks to the potentially transitory nature of the increases.

"The debate over whether inflation will be short-lived or more sustained has not been resolved. The jury will remain out for many more months, particularly with persistent supply chain constraints," McBride said.

Inflation has been higher in recent months than the Federal Reserve and many economists anticipated earlier this year. The consumer price index registered its highest year-over-year gains since 2008 in June and July when it clocked in at a whopping 5.4%.
It all goes back to the saying, "Cutting ones nose off, just to spite their face". That is how fucking stupid a prog slave is. They were having a good life all the way up till Joe Biden, working with China released the Kung Flu upon US, but living the good life, just wasnt what their prog masters were telling them. So they voted out the guy making their lives easier and put in a rube who has made their lives much harder. Yes, progs really are that stupid.
 
It all goes back to the saying, "Cutting ones nose off, just to spite their face". That is how fucking stupid a prog slave is. They were having a good life all the way up till Joe Biden, working with China released the Kung Flu upon US, but living the good life, just wasnt what their prog masters were telling them. So they voted out the guy making their lives easier and put in a rube who has made their lives much harder. Yes, progs really are that stupid.

I have the resources to weather many years of high inflation. I sincerely hope many, many Biden voters don't.
 
I have the resources to weather many years of high inflation. I sincerely hope many, many Biden voters don't.
I have not only been increasing my dividend income, but heavily buy precious metals and ammo, for the hard times that will soon to come. The reason inflation isnt as high as it should be, is that the Federal Reserve(banking, not government) is buying the debt in record amounts. When the day of reckoning happens, the US will be like Greece, with negative interest rates where the depositor will have to pay just to have an account.....
 
This is good. The rubes who voted for this idiot need to feel the consequences of electing a man under the complete control of Chinese and Russian communists.


Consumer prices increased 5.3% in the year ending in July, according to a report released on Tuesday by the Department of Labor.

The numbers from the consumer price index came in line with forecast expectations and raise concerns that inflation is coming in too hot as the country continues its recovery from the COVID-19 pandemic.

The August report on inflation was highly anticipated because it comes after a jobs report that was far worse than expected. The economy added just 235,000 new jobs last month , far fewer than the 750,000 that were expected. Despite the meager gains, the overall unemployment rate dropped slightly from 5.4% to 5.2%.

Bankrate's chief financial analyst Greg McBride said that the inflation numbers were underscored by "easing price pressures" in some of the industries that saw the hottest inflation just months ago, which he said speaks to the potentially transitory nature of the increases.

"The debate over whether inflation will be short-lived or more sustained has not been resolved. The jury will remain out for many more months, particularly with persistent supply chain constraints," McBride said.

Inflation has been higher in recent months than the Federal Reserve and many economists anticipated earlier this year. The consumer price index registered its highest year-over-year gains since 2008 in June and July when it clocked in at a whopping 5.4%.

Orange Man bad in 3, 2,1...
 
This is good. The rubes who voted for this idiot need to feel the consequences of electing a man under the complete control of Chinese and Russian communists.


Consumer prices increased 5.3% in the year ending in July, according to a report released on Tuesday by the Department of Labor.

The numbers from the consumer price index came in line with forecast expectations and raise concerns that inflation is coming in too hot as the country continues its recovery from the COVID-19 pandemic.

The August report on inflation was highly anticipated because it comes after a jobs report that was far worse than expected. The economy added just 235,000 new jobs last month , far fewer than the 750,000 that were expected. Despite the meager gains, the overall unemployment rate dropped slightly from 5.4% to 5.2%.

Bankrate's chief financial analyst Greg McBride said that the inflation numbers were underscored by "easing price pressures" in some of the industries that saw the hottest inflation just months ago, which he said speaks to the potentially transitory nature of the increases.

"The debate over whether inflation will be short-lived or more sustained has not been resolved. The jury will remain out for many more months, particularly with persistent supply chain constraints," McBride said.

Inflation has been higher in recent months than the Federal Reserve and many economists anticipated earlier this year. The consumer price index registered its highest year-over-year gains since 2008 in June and July when it clocked in at a whopping 5.4%.
The situation (imho) is a bit more serious than what we're getting from the Wash. Examiner, year over year kicks the CPI to over 13% --the highest it's ever been --higher than the spikes in 2008 and 1982! Add to that is the fact that this is not some kind of one month jump, it was even higher in July.

As interest rates soar to catch up it's going to make the bond market crash & the service on the national debt's going into the $trillions. This will not end well...
cpi202109.png
 
This is good. The rubes who voted for this idiot need to feel the consequences of electing a man under the complete control of Chinese and Russian communists.


Consumer prices increased 5.3% in the year ending in July, according to a report released on Tuesday by the Department of Labor.

The numbers from the consumer price index came in line with forecast expectations and raise concerns that inflation is coming in too hot as the country continues its recovery from the COVID-19 pandemic.

The August report on inflation was highly anticipated because it comes after a jobs report that was far worse than expected. The economy added just 235,000 new jobs last month , far fewer than the 750,000 that were expected. Despite the meager gains, the overall unemployment rate dropped slightly from 5.4% to 5.2%.

Bankrate's chief financial analyst Greg McBride said that the inflation numbers were underscored by "easing price pressures" in some of the industries that saw the hottest inflation just months ago, which he said speaks to the potentially transitory nature of the increases.

"The debate over whether inflation will be short-lived or more sustained has not been resolved. The jury will remain out for many more months, particularly with persistent supply chain constraints," McBride said.

Inflation has been higher in recent months than the Federal Reserve and many economists anticipated earlier this year. The consumer price index registered its highest year-over-year gains since 2008 in June and July when it clocked in at a whopping 5.4%.
Actually, the report on inflation shows a cooling.

Prices climbed more slowly in August, welcome news for the Fed.
 
Biden said the numbers of illegals crossing our southern border was high because of seasonality and it was winter.

If Biden was NOT lying, why did numbers go UP this summer?
 

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