HoustonHusky
New Fish
He’s worse. Inflation in Jimmy’s stagflation peaked around 14%…Biden’s is a little over 9%. But they don’t like to mention they changed the calculation twice, and if you use the same calculation Biden’s inflation is over 17% now. Sad to see our country reaching economic #BananaRepublic behavior to match our political #BananaRepublic.
Numbers from shadowstats. Great thread on it:https://twitter.com/tomselliott/status/1535269226709241861?s=21&t=ZIAFKoLj2Wn0IkMImkOvCQhttps://twitter.com/tomselliott/status/1535271089261117440?s=21&t=ZIAFKoLj2Wn0IkMImkOvCQhttps://twitter.com/tomselliott/status/1535271197943922689?s=21&t=ZIAFKoLj2Wn0IkMImkOvCQhttps://twitter.com/tomselliott/status/1535271344006471680?s=21&t=ZIAFKoLj2Wn0IkMImkOvCQhttps://twitter.com/tomselliott/status/1535271689122156548?s=21&t=ZIAFKoLj2Wn0IkMImkOvCQ
Will be interesting (and scary) to see what happens…the Fed is currently trying to prop up Wall Street while they beat down consumer demand (I.e. average folks)…they actually expanded their balance sheet while raising rates. Not sure if it’s a one-off thing or not but I’m guessing not.
Numbers from shadowstats. Great thread on it:https://twitter.com/tomselliott/status/1535269226709241861?s=21&t=ZIAFKoLj2Wn0IkMImkOvCQhttps://twitter.com/tomselliott/status/1535271089261117440?s=21&t=ZIAFKoLj2Wn0IkMImkOvCQhttps://twitter.com/tomselliott/status/1535271197943922689?s=21&t=ZIAFKoLj2Wn0IkMImkOvCQhttps://twitter.com/tomselliott/status/1535271344006471680?s=21&t=ZIAFKoLj2Wn0IkMImkOvCQhttps://twitter.com/tomselliott/status/1535271689122156548?s=21&t=ZIAFKoLj2Wn0IkMImkOvCQ
Will be interesting (and scary) to see what happens…the Fed is currently trying to prop up Wall Street while they beat down consumer demand (I.e. average folks)…they actually expanded their balance sheet while raising rates. Not sure if it’s a one-off thing or not but I’m guessing not.