Biden crashed the economy in just 100 days
— Jack Posobiec (@JackPosobiec) May 11, 2021
Joe Biden is the new Jimmy Carter:
-And rising gas prices
2021 meet 1979.
— Rep. Jim Jordan (@Jim_Jordan) May 11, 2021
WELCOME BACK CARTER: Gas Lines, Inflation, Rising Unemployment Return Under Biden.
Take a look at the stock market during the 1970s. A high consumer price inflation environment is not “good” for stocks.
Bill Ackman told Interactive Investor the Federal Reserve’s policy is partly to blame for coming inflation and an ‘explosive GDP recovery,’ in the US.
And there are some whoppers. Consumers are picking up on the rise of inflation, and the Fed, which has been trying to heat up inflation, is pleased. The Fed watches “inflation expectations” carefully. The minutes from the March FOMC meeting mention “inflation expectations” 12 times.
Job openings reach a record 8.1mn as policy decisions complicate the recovery t.co/UwuOU9IURj
— The Long View 🍥 (@HayekAndKeynes) May 11, 2021
In case we needed more proof that the US labor market is in a supply-demand mismatch crisis, a few hours after the latest NFIB showed that it has never been more difficult for small business to fill job openings, moments ago the BLS confirmed what we expected: that the number of job openings in March (recall JOLTS is one month delayed) soared by a massive 597K to 8.123MM in March from an upward revised 7.5MM in February, and the highest on record!
Inflation in commodities > PPI 🌡 > CPI 🌡 > people asking for higher wages to manage the higher costs of living
This is the result.. I don’t want to be a company right now pic.twitter.com/LhQUySAc28
— Alessio (@AlessioUrban) May 11, 2021