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re: Inflation surges in April as consumer prices leap 4.2%, fastest since 2008
Posted on 5/12/21 at 9:13 am to NashvilleTider
Posted on 5/12/21 at 9:13 am to NashvilleTider
Biden Voters Voted for this. They should of trusted a proven billionaire businessman who knows how to drive down price. not a 47 year old swamp rat who has never run a business in his lifetime.
1. Extended unemployment Biden pushed has forced all industries to increase wages or borrow more money to keep a float. Which in turn adds interest expense to their operating portfolio which is passed off to the consumer to stay in business.
2. Gasoline increases because Biden killed Keystone, and put a moratorium on oil leases. Which in turn makes oil companies increase cost.
3. Biden voters now get to spend more money than under Trump.
1. Extended unemployment Biden pushed has forced all industries to increase wages or borrow more money to keep a float. Which in turn adds interest expense to their operating portfolio which is passed off to the consumer to stay in business.
2. Gasoline increases because Biden killed Keystone, and put a moratorium on oil leases. Which in turn makes oil companies increase cost.
3. Biden voters now get to spend more money than under Trump.
Posted on 5/12/21 at 9:14 am to BlackHelicopterPilot
quote:
Seriously. Prime SHUTDOWN nationwide.
No. It's not nationwide. It's in Democrat-controlled states. Most of the rest have actually gotten back to life.
Posted on 5/12/21 at 9:15 am to Bham Bammer
quote:
No. It's not nationwide. It's in Democrat-controlled states. Most of the rest have actually gotten back to life.
April 2020
Posted on 5/12/21 at 9:17 am to BlackHelicopterPilot
Of course the months between then and now have nothing to do with it, either.
Posted on 5/12/21 at 9:34 am to BlackHelicopterPilot
quote:The monthly gain of 0.8% vs the expected 0.2% was the surprise. Futures dropped 150pts on that news.
C’mon. Comparing April 2020 to April 2021 and being SURPRISED by this is silliness.
Thomas Peterffy put it pretty succinctly this morning. When interest rates climb to 3.5% (a historically low number), annual service on the debt will run $1 Trillion.
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