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U.S. inflation soars in April to 13-year high, CPI shows
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(05-13-2021, 01:57 PM)Cardfan1 Wrote:
(05-13-2021, 12:37 PM)Hoot Gibson Wrote:
(05-13-2021, 12:33 PM)The Outsider Wrote: If the inflation numbers are not transitory and if the rates don't settle down to around 2% later in the year, then we have a problem.  It may be a tad bit higher than expected, but not alarming at this time.
You may be right but history and former Treasury Secretary Summers says that there is a good chance that you are wrong. However, fears over inflation may cause Biden's deficit spending plans to be scaled way back to reduce the danger. As long as prices are spiraling upward, I can't see Congress passing $4 trillion in new spending this year.
One dude says it's going to overheat;  another expert says we are on the path to a boom.  Every day there is a new headline or expert.  If you blow your top on this constantly, Hooter, you're going to be on a higher dose of blood pressure meds.
There are plenty of "dudes" warning Biden about inflation, including the dude who was the top economic adviser for Presidents Clinton and Obama. You're right about there being a new headline every day - a new headline warning about inflation getting even worse than it is now.
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RE: U.S. inflation soars in April to 13-year high, CPI shows - by Hoot Gibson - 05-13-2021, 07:35 PM

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