These

 

people are just killing me anymore honey...

There’s more inflation coming, as the Federal Reserve starts raising interest rate

First of all, Really? Seriously? Who could have guessed?

"February’s consumer price index was up 7.9% year over year..."

(Which means if we figured it like we used to in the 70's it's 15.8% year over year)

"Some economists expect inflation to rise even more going forward."

Discernment alert: Which ones don't expect it to go up? And where are they and what reasons do they give for it not continuing to rise? Inquiring minds would like to know. If you're an economist? And you don't think inflation is going to continue to rise? You should probably looking for a different profession.)

"Economists expect the Fed will raise interest rates as many as seven times this year. In the futures market, traders were betting Thursday on about six quarter-point hikes for the year."

(2.5% bout sunk us last time. Six quarter point hikes is 1.5% and like stated earlier it's not going to do a thing to curb inflation. Remember 2.5% crashes the housing market and starts the domino effect Moscow and Beijing are counting on.) 

"The closely watched U.S. 10-year Treasury yield rose to 2% on Thursday. That yield is important since it influences mortgages and other consumer and business loans."

(My parents laughed at adjustable rate mortgages when were first started talking about them in the late 70's. I remember being in the back of the car in elementary school asking, whats that? and having it explained to me. Maybe there was a reason for a elementary school child to be reading Op Ed pages about Watergate and asking parents about adjustable rate mortgages? Maybe? "Foreknew" comes to mind but I digress)

"Supply chain disruptions were behind some rising prices, and a strong U.S. economy with solid growth and a healthy labor market was adding to pressures on prices.

(A strong US economy with record student debt, record consumer debt, and record government debt? Solid growth for what? Six months? A healthy labor market? Really? The one that has 2/3rds of the country living pay check to pay check? Not exactly the freedom the founders of our countery intended I assure you).

"February’s core consumer inflation, excluding food and energy, was up 6.4% year over year.

(The BLS does not count food and energy, (citing the volitility of those two items) in the CPI. It's a broken system (Thermometer) as those are the two things people need the most to live on. The way this number has been computed has changed over the years leading some economist to think it has been manipulated. And it has a "lag" factor as well as it's always last months number thats being calculated, not where things currently are. You have to eat and you have to get to work, regardless of the prices Well...I walk but again, I digress.)

"Inflation was expected to have peaked by March..."

(Discernment alert: Said who? When? And what reasons did they give for such an assessment?)

"Swonk said the Fed was already behind the curve, and it needs to raise rates. She said headline CPI could easily reach 9% this spring before falling off."

(Okay there's one, but whats the reasoning for inflation falling off after spring? Nobody is admitting what's really going on and that the $ supply is out of hand and if you cant control that you cant control inflation. Nobody is even saying why we are having the inflation we are experiencing and these are the people that are going to remedy the problem? Beijing and Moscow know what's going on, believe it.)

"Rising oil prices are a big concern for economists since they snake through the economy, hitting the consumer at the gas pump. The high prices are also generating higher input costs for things like chemicals, fertilizers, plastics and building products. They are also a drag on the transportation sector, as they drive diesel and jet fuel prices higher.

(9000 some odd consumer products are made with petroleum. They haven't even started that much manufacturing of these goods yet (with higher oil prices) so there's a lag in their price increases until they do, oh and higher shipping cost and...and...and...you should be getting the idea by now.)

"Economists are not currently forecasting super high oil prices, but they don’t rule out a higher spike."

(Till Russia turns the pump off and just waits the world out...Seige of Leningrad, look it up...The strategy is to out last us, it's just that plain and simple.)

"Swonk noted that the employment picture is solid. The 678,000 jobs added in February was especially strong, and the labor market continues to improve.'

(The overwhelming majority of these jobs were in the Leisure and Hospitality sector, yeah...the ones that don't pay you enough to pay your bills, nice. I'm not even going to go find the data, looked it up when the #'s came out. They are easy enough to find if you wanna do the search.)

I need a helper honey :-).

They are just killing me with all these rah-rah, fluff pieces type crap, not citing why their sources think what they do and the reporters not even asking them etc...

Oh well...

I said years ago I expect the men in black suits and sunglasses to roll up in black suburban's with tinted windows and US government plates to come take me away :-).

Still feel the same today :-).

I love you honey.

TTYS.