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

elevated apr and may inflation expected.corporate defaults move to highest level in years . european gas prices could triple in coming winter.
 
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US consumer debt goes over 17 trillion for first time. argentina raises interest rate to 97 percent , inflation in canada 4 1/2 percent, home depot misses on revenue by half .
 
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This is slightly off topic but I think the most interesting thing about the debt ceiling issue is how far off they were at calculating when we would run out of money. A couple months ago they thought it would be early fall. Now it's beginning of June. They are blowing thru money at a much faster pace that they thought. Probably because we are in a recession. I think deficits are a much better indicator of the economy then most bogus gov stats like unemployment. When we go into recession spending increases and tax revenue decreases which means the deficits rise. That's a hard objective stat that is hard to hide.

The republicans are right to try to cut spending but they're major hypocrites. Almost all of them voted to increase the debt ceiling when Trump was in office.

I think it's funny when the dems say we might not be able to make social security payments. Why can't they dip into the "trust fund"? Maybe because there's nothing there but IOUs. Duh.
 
This is slightly off topic but I think the most interesting thing about the debt ceiling issue is how far off they were at calculating when we would run out of money. A couple months ago they thought it would be early fall. Now it's beginning of June. They are blowing thru money at a much faster pace that they thought. Probably because we are in a recession. I think deficits are a much better indicator of the economy then most bogus gov stats like unemployment. When we go into recession spending increases and tax revenue decreases which means the deficits rise. That's a hard objective stat that is hard to hide.

The republicans are right to try to cut spending but they're major hypocrites. Almost all of them voted to increase the debt ceiling when Trump was in office.

I think it's funny when the dems say we might not be able to make social security payments. Why can't they dip into the "trust fund"? Maybe because there's nothing there but IOUs. Duh.

In order to have a bill read and voted house and senate by beginning of june ( say June 05 , broke dick govt time) they would need to be done with it by Fri afternoon and my sources say dems have not agreed to any cuts so youve got 72 hours roughly starting tomorrow morning or could be reaching into second week of June already. i think biden is headed out of town for g7
 
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It's such a baffling mystery!

What could it possibly be?

:confused::confused::confused:

https://twitter.com/CNN/status/1667177270409154562
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new number coming , people are hoping it is only slightly more than double the fed target. bank of america expecting used cars up 2.7 percent and were up 4.4 percent previous month.Basically no matter what still about five percent inflation
 
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looks like increase of nearly half point and 5.3 percent . sorry no break for the avg joe , lol
 
It is possible that inflation could even show an uptick now but I would expect some slight improvement first qtr of next yr if it did because I think by then gdp will be slowing from slow to crawl
 
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