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Wednesday, April 13, 2022

Expect record inflation by Election Day

On November 9, CNBC reported, "Wholesale prices rose 8.6% year over year in October, tied for highest ever."

At the time, consumer prices were up 6.2%.

On Monday, CNBC reported, "Consumer prices rose 8.5% in March, slightly hotter than expected and the highest since 1981."

It took 6 months for the increase in producer prices (measured by the PPI) to reach consumer prices (CPI).

So what can we expect in 6 months?

Today, CNBC reported, "Producer prices rose 11.2% from a year ago in March, the biggest gain on record."

This means the 6% hike in Social Security checks in January already is eaten up.

This also means that Biden and the Democrats will be very desperate this summer trying to distract our attention from their failures in Afghanistan, on covid and with the economy.

But while we can expect 11% inflation in November based on the PPI report, things are worse than that.

CNBC reported, "On a monthly basis, the gauge climbed 1.4%, above the 1.1% Dow Jones estimate and also a record."

12 months of 1.4% increases mean a whopping 18% increase over a year's time. 

It could get worse because CNBC also reported, "On the producer side, prices for final demand goods led with a 2.3% monthly rise, while services prices gained 0.9%, up sharply from the 0.3% February increase."

12 months of 2.3% increases in final demand goods mean a whopping 31% increase in a year's time.

But that's speculation at this point.

What we do know is the price of producing goods and services increased 11.2% in the past year and those increases will be passed on to customers.

Democrats are panicked.

Jeff Bezos in his WaPo floated the trial balloon of blaming greedy rich investors in a column by one of his minions today, "Big oil companies are using wartime profits to enrich investors, report says."

These reports are always by some tax-exempt group funded by rich people who like to dabble in politics. Only millionaires can afford socialism.

Biden also wants to blame Putin.

But the blame game won't cover the increase in prices. If anything, it shows how impotent Biden is. The unintended message is that Biden is letting oil companies and Putin shove him around. 

If Republicans are smart, they will hit inflation hard and promise to bring it down by cutting the government in half. The beauty of this is that Biden won't let a Republican Congress do that, so we will have to elect a Republican president.

However, we are dealing with Republicans so don't expect a red wave. They will do all they can to limit their gains in this election.

Electing Reagan killed inflation last time.

Inflation was 1.4% when Trump left office.

14 months later it is 8.5% and headed for 11% or more.

26 comments:

  1. Actually, inflation is already at record levels, higher than the Carter years, if you use the same calculation method now as then. Inflation peaked at 14.6% in March and April of 1980. Today’s inflation, using 1980 calculation methodology, is 17%. Here’s a site that tracks inflation, using the 1980-based CPI:
    http://www.shadowstats.com/alternate_data/inflation-charts

    ReplyDelete
    Replies
    1. Exactly!! Not sure why this doesn’t get more attention, Randy!!

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    2. ๐ˆ ๐ฆ๐š๐ค๐ž ๐ฆ๐จ๐ซ๐ž ๐ญ๐ก๐ž๐ง $๐Ÿ๐Ÿ,๐ŸŽ๐ŸŽ๐ŸŽ ๐š ๐ฆ๐จ๐ง๐ญ๐ก ๐จ๐ง๐ฅ๐ข๐ง๐ž. ๐ˆ๐ญ’๐ฌ ๐ž๐ง๐จ๐ฎ๐ ๐ก ๐ญ๐จ ๐œ๐จ๐ฆ๐Ÿ๐จ๐ซ๐ญ๐š๐›๐ฅ๐ฒ ๐ซ๐ž๐ฉ๐ฅ๐š๐œ๐ž ๐ฆ๐ฒ ๐จ๐ฅ๐ ๐ฃ๐จ๐›๐ฌ ๐ข๐ง๐œ๐จ๐ฆ๐ž, ๐ž๐ฌ๐ฉ๐ž๐œ๐ข๐š๐ฅ๐ฅ๐ฒ ๐œ๐จ๐ง๐ฌ๐ข๐๐ž๐ซ๐ข๐ง๐  ๐ˆ ๐จ๐ง๐ฅ๐ฒ ๐ฐ๐จ๐ซ๐ค ๐š๐›๐จ๐ฎ๐ญ ๐Ÿ๐Ÿ ๐ญ๐จ ๐Ÿ๐Ÿ ๐ก๐จ๐ฎ๐ซ๐ฌ ๐š ๐ฐ๐ž๐ž๐ค ๐Ÿ๐ซ๐จ๐ฆ ๐ก๐จ๐ฆ๐ž. ๐ˆ ๐ฐ๐š๐ฌ ๐š๐ฆ๐š๐ณ๐ž๐ ๐ก๐จ๐ฐ ๐ž๐š๐ฌ๐ฒ ๐ข๐ญ ๐ฐ๐š๐ฌ ๐š๐Ÿ๐ญ๐ž๐ซ ๐ˆ ๐ญ๐ซ๐ข๐ž๐ ๐ข๐ญ…๐†๐Ž๐Ž๐ƒ ๐‹๐”๐‚๐Š..
      :) ๐€๐๐ƒ ๐†๐Ž๐Ž๐ƒ ๐‹๐”๐‚๐Š.:)
      ๐ก๐ญ๐ญ๐ฉ๐ฌ://๐–๐ฐ๐ฐ.๐‡๐จ๐ฆ๐ณ๐ฃ๐จ๐›.๐‚๐จ๐ฆ

      Delete
  2. By election day?!!
    Hell Don, we're seeing 'em now!!!

    P.s. If you're reading this, Joe, GFY.

    ReplyDelete
    Replies
    1. This comment has been removed by the author.

      Delete
  3. I doubted your math on the 18%. I checked it out. You were correct. Sorry I doubted your math ability.

    ReplyDelete
  4. You should have considered tagging this with The Ventures "Wipeout".

    ReplyDelete
    Replies
    1. Imma waiting till November 9

      Delete
    2. Don there used to be commercial with a surfing elephant. Need to make one with the donk's ears sticking out of the water - and a shark fin.

      Delete
  5. I am guess back of the envelope the possibility of hyperinflation at 20% probability.

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  6. The media has a term for this: funflation.

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  7. And don't bet on the people forgetting by '24.

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  8. If the Rebulicna get a veto proof majority in the Senate, even if not,both houses can do a lot of 'Spanner in the works' stuff.

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  9. Doom on the Democrats. All of them. Doom.

    ReplyDelete
  10. ๐Ÿ“ Hั–) ะœy nะฐme ั–s RITA ะ†m 24 yะตars ะพld) Bะตginning Sะ•ะฅ mะพdel 18+) ะ† lะพve bะตing phะพtographed ั–n thะต nudะต) Plะตase ratะต my phะพtos ะฐt ๐Ÿ‘‰ ๐Ÿ‘‰ ๐–๐ฐ๐ฐ.๐ข๐ง๐œ๐จ๐ฆ๐ž๐ฌ๐›๐จ๐จ๐ฌ๐ญ.๐œ๐จ๐ฆ

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  13. Thwarting the Democrat cheating operation is imperative.

    ReplyDelete
  14. Yep it s much higher all hand tools I sell in my store both imported and domestic made are up 25 % over last year

    ReplyDelete
  15. I think many are counting too much on the Republican party as it stands now to help. We need change there from the top down.
    Also the election system has not been fixed. Has anyone noticed how lax the Republicans are to fix it?

    ReplyDelete
  16. I wish someone would dig up "the buck stops here" Biden videos and run them against him whining that Putin caused everything from acne to hum being in the bottom of his graduating class... because, c'mon man! Putin ate my homework!

    ReplyDelete
  17. This comment has been removed by the author.

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