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Wholesale prices rose 7.3% in June from a year ago for a record surge


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https://www.cnbc.com/2021/07/14/wholesale-prices-rose-7point3percent-in-june-from-a-year-ago-for-new-record-surge.html
 

Great economy. Every working class American has lost over 7% of their income while at the same time raising interest rates or taxes to combat inflation will crash the market. 
 

Hey, I know???? Let’s add trillions more in printed out of thin air money to the economy!!!!!

 

Holy fucking shit, you leftists are literally hellbent on destroying our economy.   

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Wholesale prices rose 7.3% in June from a year ago for a record surge

 

============================

 

The way this economic illiterate has posted this, this

is just another Str8 lie.  

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9 minutes ago, Scout said:

Wholesale prices rose 7.3% in June from a year ago for a record surge

 

============================

 

The way this economic illiterate has posted this, this

is just another Str8 lie.  

STFU, bitch. You proved your economic prowess when you claimed labor isn’t a major expense of a business. 😆

 

Highest inflation in 3 decades, bitch.

 

Choke on the facts. 

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1 minute ago, impartialobserver said:

PPI is not correlated to standard inflation as measured by the CPI or CPE therefore printing money does not affect it. I know... I look at this data set every month. 

😆 So the FEDs handing trillions upon trillions over the last decade to salvage their banking, corporate and financial buddies has zero effect on inflation. 😅😅😅

 

You realize people were blowing the whistle a decade ago and no one bothered to do anything considering congress makes their money like all other elite establishment members. 
 

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4 minutes ago, Str8tEdge said:

😆 So the FEDs handing trillions upon trillions over the last decade to salvage their banking, corporate and financial buddies has zero effect on inflation. 😅😅😅

 

You realize people were blowing the whistle a decade ago and no one bothered to do anything considering congress makes their money like all other elite establishment members. 
 

CPI and PCE measure inflation... PPI is not the same. You should read the article that you linked. It explains it. 

 

Edit... PCE not CPE. Not sure where I came up with CPE. PCE takes food into account. 

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4 minutes ago, impartialobserver said:

CPI and PCE measure inflation... PPI is not the same. You should read the article that you linked. It explains it. 

 

Edit... PCE not CPE. Not sure where I came up with CPE. PCE takes food into account. 

Yes. We shouldn’t measure things like gas or food that is pions use daily. 😆

 

GTFO, clown. 

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Worst inflation in 30 years even worse than it looks

Likely to see 5% to 6% inflation for several years, enough to erode real earnings and squeeze family budgets
 

We’ve been warning that inflation would run out of control as multi-trillion-dollar federal stimulus crashed against broken US supply chains.

So-called “core” inflation (without food and energy) has increased at an annual rate of nearly 11% during the past three months, something the US hasn’t seen since 1981.

The overall inflation rate briefly touched the 10% mark in 2005 and 2008 due to spikes in the oil price.

Bad as the headline numbers are, the actual situation is much worse.

The US Bureau of Labor Statistics shows low inflation in the cost of shelter, despite a 23% year-on-year jump in the median sale price of existing homes (according to the National Association of Realtors) and a 14% increase in the estimated price of US homes (according to the Case-Shiller Index).
https://asiatimes.com/2021/07/worst-inflation-in-30-years-even-worse-than-it-looks/

 

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16 hours ago, Str8tEdge said:

Yes. We shouldn’t measure things like gas or food that is pions use daily. 😆

 

GTFO, clown. 

I love it how you link an article, spout off your usual hair on fire gaslighting and then indirectly admit that you did not read the article and have no idea what PPI is or how it is compiled. 

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On 7/15/2021 at 11:11 AM, impartialobserver said:

I love it how you link an article, spout off your usual hair on fire gaslighting and then indirectly admit that you did not read the article and have no idea what PPI is or how it is compiled. 

STFU. The poor and middle class don’t give a fuck. They care about gas prices and eating…

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Tonight Biden said that his proposed spending bill would bring inflation down and products would become cheaper. 

 

Yes Joe, we need more money to make the existing money even more valuable.   

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4 minutes ago, crazyhole said:

Tonight Biden said that his proposed spending bill would bring inflation down and products would become cheaper. 

 

Yes Joe, we need more money to make the existing money even more valuable.   

ROFL!!!!!!

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1 minute ago, impartialobserver said:

So intellectual.  A seven year old could say the same tired bs. Try actually analyzing the data....

Fuck you. You’re clearly an establishment hack. Inflation is out of control and the solution?????

 

5 minutes ago, crazyhole said:

Tonight Biden said that his proposed spending bill would bring inflation down and products would become cheaper. 

 

Yes Joe, we need more money to make the existing money even more valuable.   

More inflation….

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7 minutes ago, Str8tEdge said:

Fuck you. You’re clearly an establishment hack. Inflation is out of control and the solution?????

 

More inflation….

More tired and juvenile bs. How about you show some detailed analysis that us supported by data. Oh wait, you will just spout off dumb bs like fuck off

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47 minutes ago, impartialobserver said:

More tired and juvenile bs. How about you show some detailed analysis that us supported by data. Oh wait, you will just spout off dumb bs like fuck off

Support WHAT????? That inflation is spiraling out of control????:lol:

 

Inflation Is Rising At The Fastest Pace In 30 Years

 

https://seekingalpha.com/article/4440063-inflation-rising-at-the-fastest-pace-in-30-years

 

Biden says high inflation is temporary. Economists aren’t so sure.

 

President Joe Biden said Monday that “no serious economist” is suggesting price increases could spiral out of control, as he sought to reassure Americans that the current spikes are temporary.

But some nonpartisan economic experts say they see cause for concern that inflation will continue to climb at a steep pace, a dynamic that could complicate Biden’s multi-trillion dollar policy agenda.

“A lot of reasonable people think inflation is going to be higher than we thought it was,” said Marc Goldwein, senior policy director at the Committee for a Responsible Federal Budget, an independent Washington research group.https://www.modbee.com/news/business/article252884753.html

 

Unless you're getting 6-8% wage increases which MOST Americans are NOT, their income is worth LESS under Biden. 

 

Which of course makes sense since Biden is the banking/corporate establishment puppet master for simple minds like yourself. 

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