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

TheTexan said:
No worries, it is "transitory", indeed...
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Ya , transitory , LOL . I think its safe to say that since oil only has to rise 17 percent to break over 100 that within the next year we will see that unless the economies collapse and there is no demand.
 
oyarde said:
Ya , transitory , LOL . I think its safe to say that since oil only has to rise 17 percent to break over 100 that within the next year we will see that unless the economies collapse and there is no demand.
Click to expand...

This debt ceiling holdup is messing up the spending and borrowing. They need to clear that up to smooth the path for $150 oil. And they will.
 
Gas stations across Iran are closed . Cyber attack rendering iranian govt subsidized fuel cards useless . Only gas stations outside the network that only take cash ( few) are operational . Iranians pay 20 cents a gallon while the govt picks up the tab ( marxist paradise ). In 2019 the iranian govt is believed to have killed 304 protesters over an increase in gas prices in the govt crackdown .
 
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US Fed Comm commission voted to cancel permission for china telecom to operate in the US.
 
Avg gasoline price in San Fran hit 4.75 Thurs . Highest ever US avg for a city .
 
US supreme court rejects religion challenge to Maine shot mandate for health care workers. Gamestop CEO leaving after 7 months .
 
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Looks like the govt will run out of money by as early as a week and a half before Chrismas.
 
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Today in 1895 the ottomans perpetrate the massacres of Amida exterminating 100K Greeks. In Oct , the 24th through 29th in 1929 the Dow had dropped 25 percent .. Tomorrow is 2 Nov so at least we avoided those so far this yr.
 
Since we know the fed will not be aggressive with the taper or rate increases and that inflation through next yr is a lock our only entertainment left is guess the inflation and gold price by end of June . I'll guess 5 percent reported inflation .
 
https://twitter.com/greg_price11/status/1455624199809245190


sYbRJN4.jpg
 
Unemployment at 4.6 percent , Dow at 36,400, biden claims this great news is because of his shot plan . The shot that doesnt work . Payroll groth though is slowing in retail trade , warehousing and transportation . Look for some good 6 percent inflation the remainder of 2021 and 2022 . Between now and April I would expect a new high for Gold but we shall see . Nov is a short month with a four day weekend and a planned strike of several days so the next econmic numbers to view will be Dec I suppose .
 
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