The White House Is Panicked Over Inflation (Even Though YOU Have the Most to Lose). “If Hartnett’s numbers are correct (and they are), not only is Washington spending at an unprecedented rate, they’re printing that way, too. Nearly 39¢ of every dollar is magical Fed money.”
John Catsimatidis, the billionaire owner and CEO of New York City supermarket chain Gristedes, warned on Monday that inflation will lead to even higher grocery prices by October.
The bipartisan infrastructure framework negotiations have seemingly driven an inflation-shaped wedge between centrist Republican senators and other party members.
Of the 11 Republicans senators who endorsed the so-called bipartisan proposal, just four — Bill Cassidy of Louisiana, Lindsey Graham of South Carolina, Rob Portman of Ohio, and Mike Rounds of South Dakota — publicly commented on claims made by other members of their own party that passing either of the $1 trillion physical infrastructure package or Democratic leadership’s $3.5 trillion …
Last month, CNBC surveyed 41 Chief Financial Officers (CFOs) from many large publicly traded and private companies and the survey data was shocking!
Many of the CFOs, the majority, no longer trust the Federal Reserve Bank to be able to control inflation!
Corporate America lacks faith in the Fed to control inflation as prices peak: Survey www.cnbc.com/2021/06/28/corpo…