L O L G O P

Now that inflation can't be used as a pretense, the Fed is going to have to just admit that what it's trying to do is take leverage away from workers who finally have a bit of an edge for the first time in our lifetime.

RT @[email protected]

What if I tell you 2023 could be a deflationary year? You won’t believe me right ?

I also didn’t believe when I read this article until I calculated MoM CPI by myself.

https://www.wsj.com/articles/inflation-sudden-drop-12-5-month-cpi-pce-energy-food-new-year-price-federal-reserve-11672914903

Opinion | What if Inflation Suddenly Dropped and No One Noticed?

The high year-over-year rate masks progress in the past five months. But we’re not out of the woods.

WSJ
Jan 8, 2023 at 8:20pmMastodon Twitter Crossposter
Show threadAlexander RutholJan 8, 2023

@lolgop
Note the broken axle in the graph.

Inflation is down ~1% from peak, it's got another 5% to go before it reaches the inflation goal of 2%.

There is some concern that the FED may be overshooting the target, but it's definitely not obvious that they are.

But we'll definitely get a recession, the House republicans will make sure of that.

Show threadthe_blackwell_ninja [EST]Jan 8, 2023
@lolgop Sadly they'll just keep pretending it's because of inflation and the media with just go right along with it.
Show threadPorterClarkJan 8, 2023
@lolgop They go really crazy when wages (seem to) go up.
Show threadGrumbleJan 8, 2023

@lolgop
Putting people out of work frees up more people to mob up and increases their desire to eat the rich.

And the weather is about to get nicer, too.