INFLATION THREAD. (1/♾️, or at least until Democrats stop spending trillions…)
"Mohamed El-Erian says inflation is here to stay and won't be "transitory" like Federal Reserve Chair Jerome Powell has claimed."
Conversation
INFLATION SURGE
CNBC’s and discuss State Street Insights’ report:
YEAR OVER YEAR PRICE DATA HIGHEST SINCE 2009.
cnbc.com/video/2021/05/
( 2/∞ )
NFIB SURVEY: 36 PERCENT OF BUSINESSES PLAN TO RAISE PRICES
36% of owners report already raising prices, the highest since April 1981.
Hikes hit families on a budget, struggling Main Street businesses, construction, manufacturing, and others.
nfib.com/content/press-
( 3/∞ )
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WSJ: EVERYTHING SCREAMS INFLATION
“It would be crazy to build a portfolio that didn’t consider inflation a major risk."
wsj.com/articles/every
( 4/∞ )
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S&P: IMPACT OF INFLATION IS DIRE
"Inflation is on track to rise to levels not seen in 14 years...if this substantial jump is not temporary, or “transitory," the consequences could be dire for the domestic economy's post-pandemic rebound…”
spglobal.com/marketintellig
( 5/∞ )
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OBAMA TREASURY SECRETARY:
“there is a chance that macroeconomic stimulus on a scale closer to World War II levels than normal recession levels will set off inflationary pressures of a kind we have not seen in a generation.”
washingtonpost.com/opinions/2021/
( 6/∞ )
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WASHINGTON TIMES:
"President Biden has repeatedly promised he won't raise taxes on anybody making less than $400,000 annually. Yet his tax and spend agenda is costing families in another way - through higher consumer prices."
washingtontimes.com/news/2021/may/
(7/∞)
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.: CONSUMER PRICES SURGE FASTEST SINCE 2008
"The consumer price index, a measure of inflation, rose .8 percent from March to April this year, exceeding economists’ expectations."
(8/∞)
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Even more:
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"Inflationary pressures are mounting…”
“Inflation expectations jumped at the fastest rate since inflation indexed bonds were introduced a generation ago."
“Not everything we are seeing is likely to be temporary."
Former Obama econ adviser
washingtonpost.com/opinions/2021/
(9/∞)
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New Survey: Higher prices, rising commodity costs, as manufacturers suffer from labor shortages.
Difficulty finding workers at factories and warehouse level are impacting production—as well as suppliers.
cnbc.com/2021/06/01/tre
(11/∞)
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