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Economy | |
PPI index up again but not soaring: Fed warns on unemployment, Biden blithers on Russia and China | |
2022-10-13 | |
This is the last such update before the Nov elections. Producer P Index up 0.4% for month up 8.5% year over year for all items up 5.6% year over year for all items except energy and food CPI comes out 13 Oct at about 830 EDT will probably show about the same. since wage rates will be up about 4% year over year, the numbers are bad, really bad.
[Daily Mail, where America gets its news]
Biden admits inflation is a national and global threat in new national security strategy promising to 'compete' with China and 'constrain dangerous' Russia [Daily Mail, where America gets its news]
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Posted by:Lord Garth |
#4 Producer P Indexup 0.4% for month Last month gasoline prices were decreasing. This month gas prices rising. Back to 8-9% inflation. |
Posted by: Snash Shairt9621 2022-10-13 22:14 |
#3 Not entirely sure about the China threat. By all his actions, Xi appears intent on damaging China even more than Joe is damaging America. Back to Mao--because that worked out so well the first time. |
Posted by: Tom 2022-10-13 15:09 |
#2 CPI was up 0.4% in Sept; 8.7% year to year average wage up 5.7% year-on-year so lost 3% in purchasing power |
Posted by: Lord Garth 2022-10-13 14:27 |
#1 You could've made the head line 4 words shorter Just replace "on" with a "!" |
Posted by: AlanC 2022-10-13 13:46 |