Tag: Economy
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Wall Street Journal reports food inflation of 36.6% since 2019
I don’t know why they used 2019 as the base line when most of the price hikes came in 2021 shortly after Biden took office. Prices started accelerating in 2020 during the government created pandemic but didn’t really take off until 2021. Now, that same $100 basket of goods you were buying in 2019 takes…
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Cumulative inflation under Biden is 17% while under Trump it was only 7%
If you want to know why spending is up while the public feels pessimistic about the economy just look to cumulative inflation or compound inflation if you will. It’s very simple but legacy news won’t report the reality. It’s the cumulative effect of inflation. It’s like the concept of compounding interest in a savings account…
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Question: What does an inflation adjusted 4.9% increase in GDP mean?
This is an honest question. It’s reported the GDP number is inflation adjusted. But the inflation numbers don’t include things like food and energy. GDP is the measure of all final goods and services produced in a time period. I take that to mean GDP includes food and fuel. How can we reconcile the true…
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Bidenomics brought you cumulative inflation of 17% in only 19 months
Since Joe Biden took office in 2021 the cumulative effect of compounding inflation over less than two years has amounted to 17%. This means today it takes $1.17 to buy what would have cost you $1.00 in January of 2021. This is using the U.S. Bureau of Labor Statistics web site. It’s important to look…
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Biden can’t “invoke’ the 14th Amendment because there is nothing to invoke
Most of the media is telling you the President is weighing his options as to whether or not he will invoke the 14th Amendment to the U.S. Constitution. The Wall Street Journal has an editorial which explains there is nothing to invoke and if Congress & Biden can’t agree on terms to raise the debt…
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China supplants U$ Dollar for Yuan in cross-border transactions
The U$D is still used 83.71% compared to 4.5% for the Yuan according to Reuters. How long will the U$D be at the top? Is the push to move away from fossil fuels really a move away from the Dollar? Is Europe an ally, competitor, or enemy in this? What effect will a US or…