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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
Posted by Catchfalaya
Member since Feb 2018
1921 posts
Posted on 5/12/21 at 9:13 am to
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.
Posted by Bham Bammer
Member since Nov 2014
14480 posts
Posted on 5/12/21 at 9:14 am to
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 by BlackHelicopterPilot
Top secret lab
Member since Feb 2004
52833 posts
Posted on 5/12/21 at 9:15 am to
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 by Bham Bammer
Member since Nov 2014
14480 posts
Posted on 5/12/21 at 9:17 am to
Of course the months between then and now have nothing to do with it, either.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
123839 posts
Posted on 5/12/21 at 9:34 am to
quote:

C’mon. Comparing April 2020 to April 2021 and being SURPRISED by this is silliness.
The monthly gain of 0.8% vs the expected 0.2% was the surprise. Futures dropped 150pts on that news.

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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