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

CBO estimates national debt would grow at least 115 trillion in next three decades. Pesonally i dont think things will last more than another decade or two tops but guess time will tell
 
Rumors are US jobs gains Jan through Mar to be revised down about 8 percent. So far for fiscal yr govt has collected 2.55 trillion in taxes down from 2.57 trillion the same period the yr prior with actual pay running about 6 percent higher. Bank deposits continue to decline as credit card debt rises. Fed chairman speech coming up Fri.
 
so if tax revenue is not going up and we know wages have risen that would mean all the jobs numbers are most likely bunk . all yr
 
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treasury has issued 1 trillion in t bills through june with 600 billion more expected yet this yr
 
Inflation still chooglin , unemployment rate inches towards 4 percent at 3.8 as more Americans must work to add income due to inflation . Work Force participation rises to 62.8 percent which while dismal is a small improvement for lazy america
 
Labor Day fun facts for you slackers . In 1953 at the heighth of American Manufacturing , those mnfg jobs were 32 percent of the non farm workforce . July of 2023 that number is now 8 percent
 
"smart people who follow the news" - LOL

"A judicious housewife knows much more about price changes as far as they affect her own household than the statistical averages can tell." -- Ludwig von Mises
​

https://twitter.com/paulkrugman/status/1699902891795063117
kZiydL5.png
 
Inflation chooglin like a bad freight train . Oil nearing ten month highs , Brent crude over 90 , West Texas nearing 88 , one yr forecast at 100 now . Fed will raise rate again this yr , 8.5 percent 30 yr mortgages for Christmas. Christmas presents will include tax increases as cuts expire , taxable 401k catch up monies contributions also for those making over 145k. Glad my shopping is done.
 
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krugman translation only conservatives are smart enough to notice inflation and tax increases
 
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car insurance rates largest increase in 47 yrs. Up 19 percent from a yr ago . Chooglin', oil at ten month highs , russians and saudis hhave announced extending oil release cuts through this yr
 
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biden admin proposing new 8 percent tax on copper and gold miners with mines on federal lands , currently that would be about all 750 mines in operation . Coal mines already pay tax ( around 70). These economic terrorists have never seen a tax they dont want
 
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