CPI jumps 5% in May of 2021, fastest since 2008
- Thread starter Matt Collins
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Pelaton ( PTON , bike & tread machines) will be raising prices , outsourcing , laying off 800 workers in sweeping overhaul that will also close many retail show rooms in the future. This will be the third set of layoffs tis yr. Closing 16 North American warehouses and stopping delivery vans and drivers being employed by the company while axing half of customer support .
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US retail spending flat in july.Inflation rate in Turkey reaches highest level in 24 years.US economy leading index falls nearly a half percent , falling for fifth consecutive month as we enter the beginning of our 9th month of stagflation in two weeks. Still expecting the deadbeat fed to go big on next interest hike.
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Inflation still chooglin , new politburo number of 6.3. Ha , you'll dream of only 6.3 when the winter heat bills roll in. Consumer confidemce in the toilet , consumer spending flat. Can Christmas spirit and spending save a doomed america?
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Madison320
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The national debt is really starting to accelerate. We're about to blow past 31 trillion. As I've said before I think a spike in the debt is a really good indicator of a recession. As the economy contracts the government collects less tax revenue and more people use handouts. And it's a number that's hard to fudge.
https://fiscaldata.treasury.gov/datasets/debt-to-the-penny/debt-to-the-penny
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"growth recession" 
"They use language to manipulate, not to communicate." -- Michael Malice
https://twitter.com/i/events/1565407528103694336
"They use language to manipulate, not to communicate." -- Michael Malice
https://twitter.com/i/events/1565407528103694336
21 yrs ago in 2000 the National debt was 5.7 trillion and GDP had grown over 4 percent for four consecutive yrs even with dot com bust. Since then avg of 1.9 percent while the debt increased roughly 450 percent.
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They don't really think "growth" is going to come from anywhere.
In fact, they don't really think at all - period. (This is not hyperbole or snark.)
Thinking requires meaning, and "growth recession" is just empty happy-talk that doesn't mean anything.
The (anti-)concept of "growth recession" is not meant to be understood. At most, it is meant to foster the illusion of understanding.
But they don't actually desire to understand anything - and they don't desire that you or I understand anything, either.
They merely desire to control - and they desire that you and I submit to their control. That is all there is to this.
It may be time to face some hard truth . American growth as been dismal overall for 21 3/4 yrs soon to be 23 yrs ( by the Feds own estimate ). Based on that fact we can safely assume business cannot generate an acceptable GDP because it has become too constrained by govt to do so. Since the dem solution from the dem house of reps is always more govt there is zero chance of success . Anyone who doesnt completely understand this only need look at GDP for Covid shutdown yr ( 2020 -3.4 percent ) and covid reopen yr ( 2021 +5.7 percent) . If you shut down an entire economy and reopen it a yr later and only get plus 5.7 percent growth ( a number you should be close to about all the time ) while spending the past two decades increasing debt by 450 percent you are screwed.
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Madison320
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To be fair the republicans spend almost as much as democrats.
2020 may have been a good year to illustrate my earlier point about debt as a good indicator of economic health. In 2020 the stock market skyrocketed but so did the debt. Also as you mentioned GDP was bad. It's pretty obvious that the economy was a wreck in 2020 so debt and gdp were much more accurate indicators compared to the stock market.
Pauls' Revere
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Correct sir!
And it also varies regionally. It's 13% in Phoenix for example. I would love to see an inflation map broken down by counties.
https://www.bloomberg.com/news/arti...n-inflation-record-for-us-cities-with-13-rate
Inflation still chooglin' . Personal Consumption Expenditures price index showing 6.2 percent after the previous month revised to 6.4 percent. No difference as you can see . Gas and energy prices rising here ( gasoline 4.10). During this entire time of rampant , run away third world inflation lower energy costs were te only thing that ever moved this index down. Mid Sept reading of same index shows further increase in inflation. Discretionary spending not going up so look for no improvements in Sept - Oct. . Enjpy your hot dog and water and be glad it isnt grasshoppers.
