Article

2021-12-15 Economy

US Producer Prices Explode To Record High In November (And There's Worse To Come)

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Posted by Ulomble Pholuger6722 2021-12-15 00:00|| || Front Page|| [11 views ] Top

#1
Fixed Income and Retirees to be hardest hit.

All thanks to the idiots put in power due a fraudulent election, now running this Congress and Administration.

Question now is.
How will they use C19-O to save their butts come mid-term elections?

Posted by NN2N1 2021-12-15 07:04|| 2021-12-15 07:04|| Front Page Top

#2 /\ That's assuming there will be a mid-term election and not some shooting war in Europe or elsewhere.

Posted by Besoeker 2021-12-15 07:35|| 2021-12-15 07:35|| Front Page Top

#3 I am damn glad I bought my new roof early last year. Ditto the PC I built a few months ago.

Posted by M. Murcek 2021-12-15 07:51|| 2021-12-15 07:51|| Front Page Top

#4 From the amazing Mrs. Ret the other night,” What’s this crap about retirees and Social Security recipients living on a fixed income? Aren’t we all?
Not like you can walk into the boss’s office at Spacely Sprockets and tell him that you need a bump this month because bills are getting too high with any reasonable chance of succeeding.

Posted by USN, Ret. 2021-12-15 08:48|| 2021-12-15 08:48|| Front Page Top

#5 Counterf@iters, bank robbers and safe crackers can adjust their incomes on demand.

Posted by M. Murcek 2021-12-15 08:50|| 2021-12-15 08:50|| Front Page Top

#6 Oh, I forgot. Politicians can too.

Posted by M. Murcek 2021-12-15 08:51|| 2021-12-15 08:51|| Front Page Top

#7 Prices are a little higher, but seriously, only about $8-12/$100 spent. If your living that thinly, you have nobody to blame but yourself, there are plenty of places costs can be cut if times are that dire.

There are constant gripes and complaints here about prices and how bad the government is for not fixing it, but complain and moan about government being too big in the next breath.This is raw capitalism at work doing what it does. Pick a stance and stick to it - get the government involved or keep it small, you can't have it both ways.

Oh yeah, anyone care to provide evidence of a fraudulent election, outside of Trump crying about losing but providing no evidence or a poorly constructed facebook meme? Why haven't McCarthy, McConnell, Thune, Barrasso, Blunt or any other republican leaders planted their flag on this hill and held the line if it were true? Oh, wait, I'm sure they are sellouts right?

Posted by Yosemite Sam 2021-12-15 13:30|| 2021-12-15 13:30|| Front Page Top

#8 ^ If you can't afford to spend more, it's your fault. Yosemite Pelosi.

Posted by M. Murcek 2021-12-15 13:34|| 2021-12-15 13:34|| Front Page Top

#9 That’s absolutely correct, Your expenses are your responsibility, not the government’s or mine. Let capitalism adjust the market, not artificially adjusted by the government. You make the same point those who want student debt erased. It’s their debt, their responsibility. Nobody made them take out those loans, just like nobody made you make poor personal fiscal decisions so you cannot absorb 8-10% increases in cost caused by smaller government and free markets running prices.

Posted by Yosemite Sam 2021-12-15 16:59|| 2021-12-15 16:59|| Front Page Top

#10 Yosemite: inflation of this sort isn't caused by market forces but by the idiotic federal government policy of shooting $5 trillion through a bazooka into an economy which these shitheads largely shut down. IOW they manufactured a supply squeeze at the same time they pumped up the Mother of All Luquidity Bubbles.

Unlike the 1970s spikes -- whose causes includes incompetence but more importantly, two separate oil embargoes -- today's entirely predictable inflation spike is 100% on Magoo, Yellen, Powell and the sh!t-for-brains Capitol Hill Democrats.

Those sh!theads created this mess. They own it -- full stop.

Posted by Merrick Ferret 2021-12-15 17:41|| 2021-12-15 17:41|| Front Page Top

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