re: Annual inflation reading coming in at 6.5%...Not good

The nation is full of economically illiterate voters and politicians. They genuinely believe inflation will magically end without tariffs and Iran which will free them to implement increased spending. What they fail to understand is tariffs are paid by other nations which doesn’t add more US dollars to the supply of money. It is paid through existing dollars already in the World economy. The reason inflation spiked during Covid is because that money didn’t exist and was printed adding an additional 1.5 trillion dollars to a money supply that is approaching 23 trillion physical dollars thereby devaluing it. We are still dealing with that sustained inflation from 6 years ago. Hypothetically, if Democrats pass Medicare for all the projected cost per year 3-4 trillion dollars and let’s assume half of it is paid for, which is a big if, then the other 1.5-2 trillion dollars will have to be printed annually. It would cause Covid era inflation annually. Unfortunately, inflation compounds so a decade from now prices will have theoretically doubled. Tariffs and temporary fuel spikes aren’t inflating the money supply, they are temporary spikes not longterm inflation

No one said the report was good

If it was bad like the headline of this thread claims the bond market would be on fire

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Don't worry, the Dems will make everything cheap again.

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They'll call for printing more money and call super inflation a bargain.

just need to war iran harder

Trump gonna lower it day one

And end the russia Ukraine war

And stop wars in the Middle East

And drain the swamp

And cut government spending

Every president gets tagged for the amount of spending on their watch whether or not they “control” spending

Trump, as we all know, controls all aspects of his presidency

Biden was not even a functioning human

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Every president gets tagged for the amount of spending on their watch whether or not they “control” spending Trump, as we all know, controls all aspects of his presidency Biden was not even a functioning human

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All true, and while they don’t control spending , they set the agenda that Congress follows, which does make him responsible, even if he really doesn’t control the purse strings. He didn’t have to go to war, as an example

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Trump doesn’t control spending, and Biden had everything propped up with 2 trillion dollar deficits. He had a choice, a recession, or find a way to keep spending. Biden did it with immigration, and paying more people to come here, and was giving them money to come in all sorts of ways; Trump did it with war. When the spending stops, it gets ugly. They have all kicked the can, so don’t expect any difference, as we pick up speed to the cliff…

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Everything pales in comparison to Covid stimulus.

That's why we're in this position and in the position where fuel price increases from the Iran war have been so painful, because they piled on the cumulative inflation that's happened since Covid hit.

Congress, Biden and Trump were all responsible for flooding the money supply during Covid, and flooding the money supply after a decade of money printing post-GFC made it worse.

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cut enough spending

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Are you serious? We will never have a cut in spending. Never. Well not until the system totally collapsed.

The biggest reason is voters will NEVER stand for it in spite of what we read on message boards.

It's never going to happen.

Everyone is for cutting spending. Cut Cut Cut. Yes Yes Yes.

There are only 3 meaningful places you can cut:
Defense, Social Security, Medicare/Medicaid.

You can win votes on "cutting spending". You cannot win votes proposing cuts or meaningful changes to those 3. People will not stand for it.

People want more of those not less. More benefits,.new programs.

Total and complete collapse with massive civil unrest is a lot closer to us than "cuts".