Kansas City Fed Report Reveals EPIC Inflation Under Prez Biden

Quick question because TKC is honestly curious . . .

Is anybody out there willing to argue that Prez Biden has effectively helped he economy in his role as President???

I'm willing to wait for answers or explanations on this topic not only because TKC loves to laugh but also because I'm hoping that asking for honest explanations about domestic policy nowadays ISN'T tantamount to a hate crime.

Politics aside, the economic data is horrible and probably radioactive for anybody who tries to spin it . . .

Eighty-eight percent of manufacturers reported higher prices compared with a year ago and 51 percent said they had raised prices since December, pushing the index up to 49 percent from the prior month’s reading of 46 percent. Seventy-two percent reported paying more for materials, resulting in a slight decline in the index from 67 percent. Four percent of manufacturers said they had lowered their prices and six percent said prices of materials had fallen.

“Purchasing, costs, supply chain are still massive issues… have basically started raising prices on select items to almost extreme levels to intentionally limit or eliminate demand,” one manufacturer told the Kansas City Fed.

This was a HORRIFIC week for the stocks and quite a few people are suffering life changing losses in their 401Ks. 

We can argue policy all day but most voters understand that a sour economy has always turned out HORRIBLY for the party in power and at this point nobody is denying the upcoming red wave. 

Read more via www.TonysKansasCity.com news links . . .

Inflation Expectations Jump to Record High in Kansas City Fed Manufacturing Survey

Manufacturers in the central region of the United States expect the prices of their products to expand at a faster rate over the next six months, a survey from the Federal Reserve Bank of Kansas City showed Thursday.

Further reading from both sides of the debate . . .

If the economy's so great, why do we feel so lousy?

Business is booming. At least, that's what GDP figures tell us. In data released on Thursday, the Commerce Department reported the economy grew by 5.7 percent in 2021. That's the highest rate since 1984, when profits and jobs roared back from the early '80s recession.

'The Biden economic plan is working' is just the latest of Joe's empty malarkey

"In 2021, we had the fastest economic growth since 1984. The Biden economic plan is working, folks," blared the official Twitter account of President Joe Biden. Since much of the media will play along with this nonsense, let's fill in the dots.

You Can Be a War Hawk or an Inflation Hawk, but You Can't Be Both

If Putin invades Ukraine, as it appears he will, the U.S. should impose severe nonmilitary sanctions, and damn the cost, because such aggression mustn't go unpunished. McConnell and most Republican politicians would agree (though some are apparently hearing the siren call of Tucker Carlson, who is anti-Ukraine and pro-invasion in support of the creepy cult of international nationalism that Kathryn Joyce wrote about earlier this month in TNR).

Now is not the time to panic with your 401(k) investments. Experts say to make these moves instead

The stock market's wild ride this week may have you questioning your retirement investing strategy. On Monday, the Dow Jones Industrial Average shed more than1,100 points before rebounding to close slightly higher. However, Tuesday's early market activity ushered in a new triple-digit drop before the index began to bounce back midday.

Economic growth so strong, the GOP is literally at a loss for words

Around this time three years ago, in response to encouraging news on economic growth, Republican National Committee Chair Ronna McDaniel published a celebratory tweet: "You can't deny our economy is roaring: Fastest GDP growth in 13 years.... Record low unemployment... Thank you [Donald Trump]!"

Red-hot inflation hurting millions of Americans financially, poll says

The hottest in nearly four decades is inflicting financial pain on millions of U.S. households as for everyday necessities like food and gasoline continue to surge, according to a new Gallup survey. The price spike has caused some degree of financial hardship for about 49% of Americans, according to the poll of 811 people conducted between Jan.

Developing . . .