The experts shouldn’t be surprised that inflation doesn’t fall in a straight line in a relatively short period as they’ve been claiming. The historical record over the past 800 years is clear: Inflation can take decades, as in tens of years, to revert to the norm. Wall Street was stunned last week because inflation remains… Continue reading About that “stubbornly high” inflation
Tag: cnbc
Biden’s celebration of inflation was woefully premature and dramatically out of touch
While the White House was celebrating passage of the Inflation Reduction Act complete with a musical guest, inflation itself continued to ravage the economy and the Dow plunged 1,200 points. Out of touch barely begins to describe the handling of the looming stagflationary spiral. The experts missed it 40 years ago and they are missing… Continue reading Biden’s celebration of inflation was woefully premature and dramatically out of touch
Juneteenth: The good, the bad, and the ugly
In principle, a holiday dedicated to honoring America’s long march to freedom is an unequivocally good thing, but in practice progressives and Democrat lawmakers twist it for their present political purposes, haranguing the country and proposing radical policies. At the risk of sounding somewhat retrograde and out of step with the times, I have mixed… Continue reading Juneteenth: The good, the bad, and the ugly
Unexpected shrinkage: Welcome to the Biden Recession
The economy officially shrunk in the first quarter despite the steady drumbeat of supposedly positive news from the administration and the mainstream media. Economists continue to insist the odds of a recession are low, though we may be in the middle of one already. Some seem to believe the economy is great, but the people… Continue reading Unexpected shrinkage: Welcome to the Biden Recession



