CPI jumps 5% in May of 2021, fastest since 2008

hard to keep count but i'm guessing we are 27 months into third world inflation now
 
national debt about to hit 32 1/2 trillion , 97k per citizen , another 10k on avg for state and local debt on top
 
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mortgage rates will rise yet this yr, ten pecent of current mortgages are at 6 percent or more right now .
 
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US life expectancy dropped now to 76.1. Probably got the small possibly temporary improvement in inflation from the clot shots killing off people with expendable income. That little govt bonus could be about up
 
fitch downgrades US govt credit rating kraft - heinz misses quaterly sales estimates , says due to inflation cutting customer spending, countries will continue to diversify away from dollar , high inflation expected jul- sept
 
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Average monthly US homeowners cost rise nearly 20 percent , organized cargo theft in US up 57 percent from last yr.. Avg 30 yr mortgages coming in at 6.9 percent , US home sale prices up 3.2 percent annually while listings are down around 20 percent. Total number of US mortgages at 6 perdent or more is over ten percent of all mortgages and rising. Seems like more inflation coming
 
Tax increases coming . Trump tax cuts expire end of next yr for those making more than 11k and less than 231k, median income people will see a three percent fed tax increase. BNSF railway revenues from consumer product transport fell 26 percent on a 16 percent decline in freight in second quarter. Interesting in that you wouldnt really expect a consumer decline until back to school but I dont know what type of consumer freight they haul most of .
 
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core inflation still going to list about 5 percent ( 4.7) , food still rising ( 4.9) shelter costs not easing , oil up double digit percentage in past few weeks.
 
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The Russian Fed moves rates from 3 1/2 to 12 percent as value of a ruble moved below one US cent. Here inflation seems to be chooglin' along, crude oil 81.02 , West Texas 82.51 , Brent Crude 86.21 , one yr oil forecast still 94. Home Depot beats estimates but still expects consumer spending to drop on large discretionary purchases remainder of this yr and next. More Banks expected to be down graded to come by Fitch including large banks . I personally expect little improvement on food and energy inflation. Chicoms cut one yr , medium loan rate to 2 1/2 percent
 
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target slashes profit outlook , sales currently down about five percent , home depot was 2
 
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