|
Name:
|
lucky67
-
|
Subject:
|
series 2 & 3 (in probably a continuining series )
|
Date:
|
4/11/2024 9:31:59 AM
|
|
OF WHAT JOE'S ADMIN AND MUNIONS DONT WANT TO FULLY DISCLOSE:
If you missed it--
Series 1. was the Labor departments non-disclosure in the jobs report Friday of: what # was part -time-; re-hires- illegals, layoffs;
Series 2. Why if Admin is defying SCOTUS ruling on student loan forgiveness is Dept of Ed continuing to promote (tv ad's & website) new student loan applications requests (FAFSA ) with loan interest rate of 5.50%? ;
Series 3: yesterday March inflation readings ( CPI-Consumer prices) was UP 3.5% over march 2023--Dow tanked over 400 points; Now here's the thing--most economists & bond traders look inside the # at a calculation labeled SUPER CORE ; that # accelerated 4.8% over march 2023; Interesting to note when Joe took office jan 2021, the CPI reading was 1.4%
Today March PPI--(Producer prices) were released and Core PPI ROSE 2.4% over march 2023;
All these #'s don't come remotely close to the Fed's disclosed target of 2% inflation;
The FED MUST BE PULLING THEIR HAIR OUT BY NOW WITH PRESSURE FROM WH --and IMO< there MAY be 1 rate cut, probably unjustified, in August, simply for political reasons--
SO--hold on tight and don't swallow all the hype that inflation is down and under control-just go grocery shopping--and regular fuel at my local marina is $5.49/gallon---Monday I passed on buying a six pack of diet coke for $8.99 and a pint of mexico strawberries for $5.99 both at Walmart;
To be continued I'm sure
|