Transitory? US Export Prices Soar By 18% YoY (Exporting Inflation To The World!)

by confoundedinterest17

I wonder if Biden’s Press Secretary Jen Psaki will argue that inflation is transitory … again?

Well, the US is exporting inflation to our trading partners. US Export Prices by end use rose 18% YoY.

Of course, with the Biden Administration shutting down energy pipeline and drilling, it is not surprising.

Then we have the advance retail sales numbers for October. Growing at 16.3% YoY with massive monetary stimulus still in play.

Stimulypto!