Newsfeed: Rick Santelli nails it…
Santelli sums up Democrats in 20 seconds …
U.S. consumers paid more for a variety of goods and services in February compared to the prior month and year, with prices climbing across the economy amid lingering supply and demand imbalances.
Consumer prices rose 7.9% in February, as compared to the same month in 2021, according to data from the Labor Department released in January.
Could the Fed’s decision NOT to raise rates be basically an admission this “recovery” is a farce? If the economy can’t absorb even a token rate increase, it must be FAR from robust. As we’ve discussed, there’s simply not enough income (productivity) to service all the debt. It’s like a sub-prime borrower using a teaser rate to squeeze …
We’re living in a world of great financial uncertainty. But inside all of that uncertainty are amazing opportunities. That’s really good news, because in an economy that isn’t creating many high paying jobs, with all kinds of queasy money distorting asset values and suppressing interest rates; plus rising costs of healthcare and other essential products …