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With the efforts of BO, the Congress, and Progressives everywhere, the federal budget, the federal debt, and the Fed. balance sheet would seem to be doing all that would be necessary to push consumer prices upward very fast. My question is, “What are prices doing?”
The statistic offered by our friendly federal government, the CPI, suggests that there is little in the way of prices rises. Food prices, according to the CPI are volatile, but not soaring upward. The shadow stats offered as a more realistic indication of inflation shows something higher reaching 6 to 7%. If this is so, people would be starting to make some noise, I think. There are a number of people who are forecasting hyperinflation within the next few years. On the other hand, there are many analysts who maintain that we are staring deflation in the face
My approach has been to suggest to people that they pay attention to their own situation to assess what is happening. Hence, this post.
Readers, what are you seeing in your own shopping? Are you seeing prices moving upward? Significantly? Please respond. Thank you.
The Next Govt Shutdown Crisis
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Given news reporting about Republicans causing a government shutdown at the
end of the month as a Trump election strategy, I decided to check the
progress ...
2 months ago
On my end, I'm seeing either a very small increase, a few cents, or little to no change at all.
ReplyDeleteThank you, Benpercent.
ReplyDeleteI knew I left out someting in my post. If you could, everyone, it might help if you would include in your comment what time-span your observations encompas and what part of the country you're in. Thank you.