Saturday 11 June 2022

Inflation spoils the January 6 show

 American Thinker

Call it bad timing or Trump luck, but most people today are talking inflation.  This is from Fox News:

The Labor Department said Friday that the consumer price index, a broad measure of the price for everyday goods, including gasoline, groceries and rents, rose 8.6% in May from a year ago. 

Prices jumped 1% in the one-month period from April. Those figures were both higher than the 8.3% headline figure and 0.7% monthly gain forecast by Refinitiv economists.

It marks the fastest pace of Inflation since December 1981.

Well, I remember 1981 and the recession that followed in 1982.  In other words, my memory tells me it's going to get a lot worse before it gets any better.  Wait until companies shut down and lay off people.  It's coming because I saw this movie 40 years ago."

 

No comments: