I remember 1981 and it Wasn’t Pretty- CPI Report

[VySky]

I just got out of the military. Interest rates due to Carter’s inept Presidency.

Fast fwd to Biden’s wrecking ball approach to destroying what’s left of America.

Our southern Border has been canceled.

People call riots insurrection and

people are going to Dollywood instead of Disney weird world.

CPI print expected to be off the charts.

And Biden will lie and blame Covid instead of admitting he listens to the whacked out fringe of the Democrat Party.

———

While consensus expects an 8.4% print tomorrow - the highest since January 1982 when the Fed Funds rate was 12% (compared to just 0.50% now)...



... Deutsche Bank economists expect that the CPI increase will be even higher than that - with a monthly gain in headline CPI of +1.3% (vs consensus 1.2%) pushing the year-on-year rate up to +8.6% (vs consensus of 8.4%) - which hasn’t been seen since 1981. Some more details from the bank's preview:

While we did see some preliminary impacts in the February data from the Russian invasion of Ukraine, the bulk of the direct inflationary impact should be felt in the March data, with gas prices rising almost 20% from February. Should our forecasts hit the mark, this would push year-over-year rates for March headline and core CPI to 8.6% and 6.6%, respectively.

Market Braces For Scorching CPI As White House Warns Of "Extraordinarily Elevated" Inflation Numbers | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[Fledermaus]

I just got out of the military. Interest rates due to Carter’s inept Presidency.

Fast fwd to Biden’s wrecking ball approach to destroying what’s left of America.

Our southern Border has been canceled.

People call riots insurrection and

people are going to Dollywood instead of Disney weird world.

CPI print expected to be off the charts.

And Biden will lie and blame Covid instead of admitting he listens to the whacked out fringe of the Democrat Party.

———

While consensus expects an 8.4% print tomorrow - the highest since January 1982 when the Fed Funds rate was 12% (compared to just 0.50% now)...



... Deutsche Bank economists expect that the CPI increase will be even higher than that - with a monthly gain in headline CPI of +1.3% (vs consensus 1.2%) pushing the year-on-year rate up to +8.6% (vs consensus of 8.4%) - which hasn’t been seen since 1981. Some more details from the bank's preview:

While we did see some preliminary impacts in the February data from the Russian invasion of Ukraine, the bulk of the direct inflationary impact should be felt in the March data, with gas prices rising almost 20% from February. Should our forecasts hit the mark, this would push year-over-year rates for March headline and core CPI to 8.6% and 6.6%, respectively.

Market Braces For Scorching CPI As White House Warns Of "Extraordinarily Elevated" Inflation Numbers | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

1/6 was an insurrection.

That got squashed with one shot because the brave insurrectionists wet themselves.

 

[VySky]

1/6 was an insurrection.

That got squashed with one shot because the brave insurrectionists wet themselves.

Like I said. It might as well been called a turtle. Or maybe a screwdriver. The left has a name or acronym for every state of affairs

 

[Fledermaus]

Like I said. It might as well been called a turtle. Or maybe a screwdriver. The left has a name or acronym for every state of affairs

Left?



Left didn't write the dictionaries nor did they storm the Capitol in hopes of stopping the legal certification of the election.

 

[pocket aces]

Like I said. It might as well been called a turtle. Or maybe a screwdriver. The left has a name or acronym for every state of affairs

Hey look VySky is back with his anti American bullshit. Missed ya buddy!

 

[redbeer]

I just got out of the military. Interest rates due to Carter’s inept Presidency.

Fast fwd to Biden’s wrecking ball approach to destroying what’s left of America.

Our southern Border has been canceled.

People call riots insurrection and

people are going to Dollywood instead of Disney weird world.

CPI print expected to be off the charts.

And Biden will lie and blame Covid instead of admitting he listens to the whacked out fringe of the Democrat Party.

———

While consensus expects an 8.4% print tomorrow - the highest since January 1982 when the Fed Funds rate was 12% (compared to just 0.50% now)...



... Deutsche Bank economists expect that the CPI increase will be even higher than that - with a monthly gain in headline CPI of +1.3% (vs consensus 1.2%) pushing the year-on-year rate up to +8.6% (vs consensus of 8.4%) - which hasn’t been seen since 1981. Some more details from the bank's preview:

While we did see some preliminary impacts in the February data from the Russian invasion of Ukraine, the bulk of the direct inflationary impact should be felt in the March data, with gas prices rising almost 20% from February. Should our forecasts hit the mark, this would push year-over-year rates for March headline and core CPI to 8.6% and 6.6%, respectively.

Market Braces For Scorching CPI As White House Warns Of "Extraordinarily Elevated" Inflation Numbers | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Open borders, inflation with high prices of gas, and a senile leader, the democrat party is all but over......radicalized lefties have ruined their party, the fat lady has sung.

 

[NatMorton]

Whether the Democrats like it or not, inflation is going to be hung around their necks in November. They've had control of the entire Washington power structure since 2021, and while inflation is not the result of only actions they've taken, they've certainly taken actions that have made inflation worse (too much Keynesian spending, policies that drive up fossil fuel energy costs).

And their biggest problem is that there is no easy cure for inflation; it's why it's so important to avoid. Either the money supply gets so constrained it drives the economy into recession (again, back to 1981) or something less drastic is done and inflation continues to rise for several years eroding the standard of living for all.

Neither approach is the stuff of a successful political platform. It's quite likely voters will be very angry come November.

 

[Tigerace117]

Whether the Democrats like it or not, inflation is going to be hung around their necks in November. They've had control of the entire Washington power structure since 2021, and while inflation is not the result of only actions they've taken, they've certainly taken actions that have made inflation worse (too much Keynesian spending, policies that drive up fossil fuel energy costs).

And their biggest problem is that there is no easy cure for inflation; it's why it's so important to avoid. Either the money supply gets so constrained it drives the economy into recession (again, back to 1981) or something less drastic is done and inflation continues to rise for several years eroding the standard of living for all.

Neither approach is the stuff of a successful political platform. It's quite likely voters will be very angry come November.

Trump cultists have been “very angry” since the minute their Dear Leader lost. That’s not news.

 

[VySky]

Trump cultists have been “very angry” since the minute their Dear Leader lost. That’s not news.

They have every right to be. But restraint wins the day.

 

[Tigerace117]

They have every right to be. But restraint wins the day.

No, they don’t. Their Dear Leader lost fair and square.

😂 Since when was crap like January 6th “restrained”.

 

[Taxman]

Whether the Democrats like it or not, inflation is going to be hung around their necks in November. They've had control of the entire Washington power structure since 2021, and while inflation is not the result of only actions they've taken, they've certainly taken actions that have made inflation worse (too much Keynesian spending, policies that drive up fossil fuel energy costs).

And their biggest problem is that there is no easy cure for inflation; it's why it's so important to avoid. Either the money supply gets so constrained it drives the economy into recession (again, back to 1981) or something less drastic is done and inflation continues to rise for several years eroding the standard of living for all.

Neither approach is the stuff of a successful political platform. It's quite likely voters will be very angry come November.

I partly agree with you. I will not be angry in November.

 

[jnug]

Geez another OP from nowhere offering nothing. Why bother...Oh know....PROPAGANDA!!!!

 

[NatMorton]

Geez another OP from nowhere offering nothing. Why bother...Oh know....PROPAGANDA!!!!

Quick, somebody try to play down the importance of the worst sustained inflation spike we’ve seen in 40 years … oh … I see. … well done, thanks.

 

[Cope]

Trump cultists have been “very angry” since the minute their Dear Leader lost. That’s not news.

Yes, but you shouldn't be worried about those voters. You SHOULD be worried about the voting block that voted with you to get rid of him. They will likely not be voting with you again with the economy now in the toilet.

 

[Michael Cole]

They have every right to be. But restraint wins the day.

You can be angry at anything you want. Just like a petulant child. Just like Trump. Watch your blood pressure. Get checked for ulcers. Read a book. Take a walk. Something. Your anger is unhealthy.

 

[Michael Cole]

Yes, but you shouldn't be worried about those voters. You SHOULD be worried about the voting block that voted with you to get rid of him. They will likely not be voting with you again with the economy now in the toilet.

The economy is booming

 

[RaleBulgarian]

Hey look VySky is back with his anti American bullshit. Missed ya buddy!

So, you were the one. 🤨

 

[mike2810]

Some let Biden live in their heads rent free.

 

[RaleBulgarian]

Some let Biden live in their heads rent free.

Some have lots of spare room between their ears.

 

[Cope]

The economy is booming

Yes, booming with inflation. Those rising prices sure are helping negate any headway that was made with pay increases.
This was the secondary point. The primary one, of course, was that if you don't garner a good portion of the centrist voting block, you won't win many elections.