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CPI print scorching hot ... just wait until 2027/2028 as the socialists take over ...

Posted on 11/10/26 at 7:56 am
Posted by AmishSamurai
Member since Feb 2020
4516 posts
Posted on 11/10/26 at 7:56 am
Zerohedge - CPI Prints Hotter Than Expected

quote:

With today's CPI print (and its 'ghost' YoY data and healthcare plug) on everyone's mind, hawkish comments from Fed Governor Chris Waller already gave markets a jolt this morning, pushing bond yields off their lows, with the biggest moves at the US short-end.

“If, as I expect, the monthly rate of inflation improves in October, I am leaning toward supporting an increase in our policy rate of 25 basis points,” Waller said in a speech in London.

“But if the October CPI inflation data out later today are similar to the past two monthly readings — with core CPI inflation around 0.3% or even higher — then a stronger policy move may be needed,” he said.

“In that case, I believe a 50 basis point hike in the policy rate should be considered at the December meeting.”


quote:

Key drivers:

Shelter +0.3% (accounted for over 30% of the monthly gain).
Food +0.5% (at home +0.4%, away from home +0.5%).
Energy +0.7% (gasoline +1.0% SA after a big September jump).
Used cars and trucks fell 1.2%.


quote:

While it should not be a surprise, this is the highest level for consumer prices ever (black line)...


Just wait for the "benefits" of price controls and regulation to hit TX, GA, etc ...




Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
102341 posts
Posted on 11/10/26 at 7:58 am to
quote:

Shelter +0.3% (accounted for over 30% of the monthly gain).


This has been facking with the report for so long now. They need to fix this
Posted by AmishSamurai
Member since Feb 2020
4516 posts
Posted on 11/10/26 at 8:04 am to
quote:

They need to fix this


End the FED?

That's the only way you fix this.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
488014 posts
Posted on 11/10/26 at 8:05 am to
Ah, Democrats gain some power and now "conservatives" care about deficits again, while ignoring them for 6 out of the past 10 years
This post was edited on 11/10/26 at 8:06 am
Posted by AmishSamurai
Member since Feb 2020
4516 posts
Posted on 11/10/26 at 8:08 am to
quote:

Ah, Democrats gain some power and now "conservatives" care about deficits again, while ignoring them for 6 out of the past 10 years


Glad to see the resident retard is back ...

The policies that the next Congressional administration is pushing (price controls, regulatory - insurance, Medicare for all) will make this so much worse ...

But get back to cheering on the red/blue team nonsense ...
Posted by TideCPA
Member since Jan 2012
14877 posts
Posted on 11/10/26 at 8:09 am to
Rs and Ds keep exchanging elections claiming they can fix "affordability"; meanwhile neither intends to stop printing astronomical amounts of money to fund the government, which is ultimately a wealth and income tax on us all in the form of reduced purchasing power via inflation.

Neat.
Posted by Ingeniero
Baton Rouge
Member since Dec 2013
23991 posts
Posted on 11/10/26 at 8:10 am to
I was told affordability was a libtard hoax to make Trump look bad
Posted by AmishSamurai
Member since Feb 2020
4516 posts
Posted on 11/10/26 at 8:12 am to
quote:

Rs and Ds keep exchanging elections claiming they can fix "affordability"; meanwhile neither intends to stop printing astronomical amounts of money to fund the government, which is ultimately a wealth and income tax on us all in the form of reduced purchasing power via inflation.


Bingo.
Posted by Vacherie Saint
Member since Aug 2015
48728 posts
Posted on 11/10/26 at 8:13 am to
quote:

Ah, Democrats gain some power and now "conservatives" care about deficits again, while ignoring them for 6 out of the past 10 years


good grief. Talk about missing the forest for the trees...
Posted by AmishSamurai
Member since Feb 2020
4516 posts
Posted on 11/10/26 at 8:18 am to
Yep ... its always been about this chart right here (2020 - 2024) ...



Which coincides with a lot of bad decisions when Biden was in office ... Trump slowed this growth but wasn't better ...

The same spike will start in 2027/2028 and the countdown to the collapse begins ...
Posted by TideCPA
Member since Jan 2012
14877 posts
Posted on 11/10/26 at 8:26 am to
quote:

Which coincides with a lot of bad decisions when Biden was in office ... Trump slowed this growth but wasn't better ...
That spike happened with Trump in office. All the COVID-era BS (PPP, cutting everyone checks, etc.) ballooned the deficit, which was gasoline to the CPI fire.

Biden was a disaster, but he was handed a CPI grenade with the pin already pulled. Most of the inflation was already baked in by January 2021, even if it wasn't in the official figures yet.
Posted by Go Down Moses
Member since Jan 2016
66 posts
Posted on 11/10/26 at 8:30 am to
quote:

Rs and Ds keep exchanging elections claiming they can fix "affordability"; meanwhile neither intends to stop printing astronomical amounts of money to fund the government


That is because we won't elect them if they cut spending or raise taxes. We say we want a balanced budget, but when you start raising taxes or cutting spending to achieve that goal, you're no longer electable.

I remember the 1984 debate between Reagan and Mondale. Three years earlier, Reagan had signed a massive tax-cut based on the "trickle down" theory. Deficits exploded, naturally, to the point that everybody realized that those tax cuts were going to have be reversed. During the debate, Mondale said "I'm going to sign a tax increase and he (Reagan) is going to, too. The difference being that I'm telling you about it now, and he won't." Mondale was punished at the polls, losing in a landslide.

Two years later, in 1986, Reagan signed the biggest tax increase in history.

Everybody says "we have to reduce spending" and then squeals like pigs when you try to reduce spending in their district on on their pet issue.

Read up on the Tragedy of the Commons for more insight.
Posted by RohanGonzales
Pronoun: Whatever
Member since Apr 2024
15250 posts
Posted on 11/10/26 at 8:33 am to
quote:


Ah, Democrats gain some power and now "conservatives" care about deficits again, while ignoring them for 6 out of the past 10 years


Gloat dumbass. "Success" on a message board is all you have.

The democrats will show you what "not caring" really means.
Posted by TideCPA
Member since Jan 2012
14877 posts
Posted on 11/10/26 at 8:36 am to
quote:

That is because we won't elect them if they cut spending or raise taxes. We say we want a balanced budget, but when you start raising taxes or cutting spending to achieve that goal, you're no longer electable.
Yes, this is ultimately a reflection of the electorate. There are recent opinion polls out there showing (within the same poll!) that:
1. Americans overwhelmingly want to pay less in taxes
2. Americans overhwelmingly want to spend more on entitlements
3. Americans overwhelmingly want the federal government to have a balanced budget

That's obviously mathematically impossible, but people are idiots, and idiots comprise the majority of our electorate, so we get the government we deserve.
Posted by Vacherie Saint
Member since Aug 2015
48728 posts
Posted on 11/10/26 at 8:39 am to
fair enough, but lets not pretend that republican voters "love them some deficit spending" based on covid, or can't complain about democrats enacting price controls on things like electricity and rent because Trump spent a shitload of money. Republican voters are clearly unhappy, and we just saw that bear out in this midterm.
Posted by AmishSamurai
Member since Feb 2020
4516 posts
Posted on 11/10/26 at 8:42 am to
quote:

people are idiots, and idiots comprise the majority of our electorate


So let's open the borders and import sub-90 IQ individuals from Mogadishu and Tijuana ...

That will solve this electorate problem.




This post was edited on 11/10/26 at 8:43 am
Posted by RohanGonzales
Pronoun: Whatever
Member since Apr 2024
15250 posts
Posted on 11/10/26 at 8:44 am to
This a-hole has a fan club now.

and you people get hurt feelings for being laughed at
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