Guest Post by Karl Denninger
If you believe this you’re intoxicated and the intoxicant is neither alcohol or marijuana
Really? Health insurance costs are down 25% year-over-year?
Oh, and they’re 0.62% of the average household’s spend?
Since we’re doing whoppers I’ll keep this one short and sweet.
So all inflation ex-food is only 2.5% over the last year, and all except shelter, including food, is 0.7%.
Less food and shelter prices have gone down over the last 12 months?
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Clearly BS
C’mon man! Inflation is under control. Prices are dropping like a rock. Government reports prove everything is all better.
End the inflation engine (End the Fed).
This is why it is almost impossible to form an opinion or outlook on anything, there is so much noise and artifact in the information available to us. It’s lies or omission of facts. There is no true price discovery of tangible assets.
There is the old saying that the price of something is what ever somebody is willing to pay for it. The problem with that now is that long term credit has completely destroyed that axiom. Loan defaults or refinancing, distort the actual worth of something on the back end.
Homeless are everywhere and yet restaurants are full and the parking lots filled with vehicles “worth”$40,000 +.
How many people can pay cash for a new car or home? How many people can pay cash for life saving surgery, or a broken bone?
Basically nobody. Credit, credit, credit . How much is something actually worth if there was no credit?
Equities markets are close to all time highs but so are corporate bankruptcies.
They piss on us and say it’s raining. They feed us a shit sandwich and demand we tell them how good it tastes.
F.U.B.A.R.
Another big jolt will be when these shitheads hoping to dump their student loan obligations on the taxpayer resume payments. There are millions who will resume paying an average of $380 per month which has been juicing retail purchases and spending on “experiences.” It is thought this will take $60 Billion from consumer spending.
Isn’t $60B a drop in the bucket?
Confucius say: Bucket of quadrillion begin with single drop.
“Why don’t you stand in it and tell everyone you’re an asshole plant.”
They might have to stop ordering Grub Hub and learn how to make a sandwich
. . . of sliced Davos pressed-cockroach loaf and soyonnaise.
((They)) don’t want savers. Nope, they want debtors.
Either way, (((they))) have your money or your wealth … heads they win, tails we lose …
My health insurance costs are down 100%. Am I alone?
My home insurance went down 100%.
My patriotism has gone down 100%
Even after Director Wray’s soul stirring performance yesterday?
Massie should have shouted “DID YOU ORDER THE CODE RED?”
Wray: “YOU’RE GODDAMN RIGHT I DID!”
My Christian health share ministry has had to increase our monthly shares 3 times under Biden (so far).
As the saying goes, “There are lies, damn lies & statistics.”
Benjamin Disraeli…
Like everything else these stats are BS or quickly turned to BS. For example a true moron like Dementia Joe sees this and says inflation is only one tenth of one percent. Whatever it really is must of course be added to the inflation of every other month since this fool was placed in the WH. Food is way up since 1/21. Gasoline is double. Electricity is up 40% and the purchasing power of the Dollar is claimed to be down 15%. The USD is down 5% in the last month.
FJB!
They’ll do anything to reduce the Social Security CPI increases…need the money for the Big Guy…
This is definitely about COLA. We need to save those billions for Ukraine and spreading global anal.
That’s “spreading democracy”. Lol Bend over. Here comes your democracy.
Did you see that guy who is a Devil worshipper who is the Biden Monkey Pox Czar, speaking of “anal?”
OK, for the last dozen who haven’t heard this one:
The first symptom is a pounding sensation in the rectum.
Pass it on (the joke, not the symptom).
And, yet, the COLA for welfare recipients was 12.5% … What gives?
Don’t slam drunks and stoners. it’s all very easy to see, even if you are wasted. Then again a bunch of people went out and voluntarily took experimental drugs and trusted the Government. All it took was a little fear porn.
I’ll slam drunks and stoners all I want.
God Bless America!
Stoned drunks and slammers…what next?
Stone the drunks in the slammer? Why? What’d they do?
They must now monitor all inflation by the price the congressional cafeteria charges for the Thursday Salisbury Steak dinner special.
[Please no substitutions]
Congress gets to vote on how much to charge themselves for gasoline in the Congressional Parking Garage. The pennies on the Dollar they pay might cause one to question their grasp on reality.
Lol, again their corruption is showing again
It’s apparently “democrat math.”