by Chris Black
These regime economists keep saying stuff like “inflation is cooling” and “inflation has come down.”
This make it sound as though prices are improving. That’s not how inflation works.
The annualized rate of increase has slowed down, but the cumulative price increases remain and are still going up, albeit at a slower rate.
For prices to go down, we would need DEflationary pressures.
The people saying “inflation has come down” understand this full well.
They’re just fucking liars. I would get a visit from the FBI if I told you what I would like to do to them.
The entire purpose of the “scientific” field of economics is to manipulate normies into believing things about The Economy™ that simply aren’t true.
That’s why Economists™ are wrong about everything, all the time; their real purpose to keep you as confused as possible with regard to The Economy™.
Paul Krugman has never once been right about anything in his entire career as an Economist™, because being wrong is literally his job.
Powell: "Financial conditions have tightened significantly over the last year."
That's just false. They are looser now compared to when the Fed started. pic.twitter.com/L9ogB8rMsN
— Sven Henrich (@NorthmanTrader) February 1, 2023
A large majority of US citizens agree: Things are headed the wrong way.pic.twitter.com/NEMVuefz72
— Chris "Early Treatment" Martenson, PhD (@chrismartenson) February 1, 2023
BOE'S BAILEY: WE ARE HEARING FROM BUSINESSES THAT CONSUMERS ARE BECOMING MORE RESISTANT TO HIGHER PRICES.
— Breaking Market News (@financialjuice) February 2, 2023