If you don't like it or the fact that Trumpy's theft got thwarted, you can go live somewhere else. Where would you like mommy to relocate her basement? Interesting that not a single time you have even bothered to mention the real crimes and violations that was attempted against our entire country and democracy. But that's ok. The majority of the country is keeping you safe from yourself.
Boss Biden’s Economy! Core Inflation Prints At 4.7% In July, Food UP 4.9% YoY, Shelter UP 7.7% YoY (Although Fed Is Unlikely To Raise Rates Again)
Confounded Interest ^ | 08/10/2023 | Anthony B. Sanders
Posted on 8/10/2023, 11:44:25 AM Welcome to Boss Biden’s America! It reminds of woefully corrupt Boss Tweed and Tammany Hall in New York City. Today’s inflation report revealed that core CPI YoY was 4.7%.
While energy prices are down since last year, Food prices are still up 4.9% YoY and shelter (housing) CPI is up 7.7% YoY.
Expectations for this morning’s must-watch CPI print were for a MoM and YoY rise in the headline, and modest slowing of the core YoY. However, The Fed will be watching its new favorite signal – Core Services CPI Ex-Shelter – which reaccelerated in July (+0.2% MoM, and from +3.9% to +4.0% YoY).
The headline CPI rose 0.2% MoM in July (as expected), the same as in June, pushing the YoY up to 3.2% (from 3.0% in June) but below the 3.3% expected.
Source: Bloomberg
Today’s increase in CPI YoY broke the record-equaling streak of 12 straight months of declines.
Core CPI rose 0.16% MoM, with the YoY growth in prices slowing to 4.7%.
Source: Bloomberg
So the question becomes – is this an inflection point in inflation? (or is M2 still leading the way?)
Yet, Fed Funds Futures are pointing to no further Fed rate hikes.
With House Republicans releasing bank records showing over $20 million in payments to Biden family, associates, and Democrats denying any wrongdoing, I think we are seeing the Biden Administration as a rebirth of New York City’s Tammany Hall corrupt political machine led by Boss Tweed. Since Biden’s malfeasance/influence peddling occurred when he was Vice President under Barack Obama (aka, Barry Soetoro), Obama is the new Bathhouse John Coughlin the woefully corrupt Chicago Alderman and Hunter Biden is the new Hinky Dink (Michael Kenna, also a woefully corrupt Chicago Alderman).
Bathhouse Barry Soetoro, Boss Biden and Hinky Hunter at a basketball game.
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