Who was saying it was short term?

Transitory my arse...

JUST IN - U.S. inflation hits 8.5% in March, highest in more than 40 years.

— Disclose.tv (@disclosetv) April 12, 2022

Inflation under President Trump:

2017: 2.13%
2018: 2.44%
2019: 1.81%
2020: 1.2%

4 Year Average under Trump: 1.9%

Now: Inflation soared 8.5% over past 12 months. It's the biggest spike since December 1981 pic.twitter.com/WZptQ2cDQy

— InteractivePolls (@IAPolls2022) April 12, 2022

paging Oldag2020...

And it's going to go higher… We ain't done yet!

It's worth pointing out that the @BLS_gov stating that this rate of inflation was the largest since December 1981, isn't actually accurate.

It's far worse.

The CPI does not measure inflation the same way it did back then. Inflation is worse now than it was back then.

No doubt.

— Rich "The People's Pundit" Baris (@Peoples_Pundit) April 12, 2022

"ItS TraNSiTorY"

Gas: +48.0%
Used Cars: +35.3%
Gas Utilities: +21.6%
Meats/Fish/Eggs: +13.7%
New Cars: +12.5%
Electricity: +11.1%
Food at home: +10%
Overall CPI: +8.5% pic.twitter.com/oT8RxoYqfC

— God Assigned Your Gender (@oldarmy1) April 12, 2022

Thank a Democrat/moderate/independent voter you know today!

Expected to be at least 6.1 one year from now. Good Lord.

O/U 0.5 libs replying to this thread?

Can't wait to hear Chucky try to spin this into a positive.

Shelter is the single biggest component of CPI (33% of Index) and is still being wildly understated (@ +5% YoY) with rents up 17% over the last year and home prices up 19%. The actual inflation rate is much higher than 8.5%. pic.twitter.com/AlbMysNVLb

— Charlie Bilello (@charliebilello) April 12, 2022

That dang Putin. Grrrrrr
/Biden

I can't putin to words what she'll say but I can make an educated guess.

Interesting the market is loving the news. The more clarity on rate hikes the better for equities and bonds. I'm curious of RE will follow

Yep, short term rates MUST go north of that true inflation rate to curb it, which will never happen because we must borrow money to pay debt already.

So are we tearing off "I did that" stickers yet?

Sky-rocketing inflation is just the appetizer for the major recession that’s coming. To reduce the money supply, the Fed will have to jack up interest rates, which will strangle an economy that is already on life support and cause asset prices to crash. Congrats, Lockdowners.

— Sean Davis (@seanmdav) April 12, 2022

PUTIN /dummies

Thanks President Biden….you were right only you could do thag

"Joe Did That!"

this is the first time the "experts" got the number for inflation incorrect over the last six months- they had predicted only 8.4%

another metric broken by Biden and the left. Congrats!

PutInflation in context pic.twitter.com/onADmgZWqi

— zerohedge (@zerohedge) April 12, 2022

so for two years, we have/will have 15-16% inflation...

a good that cost $10 under Trump now costs $13.

Hey libs, that's like taking a 30% pay cut! Way to go!!!!!!!!!!!

tysker said:

---

Interesting the market is loving the news. The more clarity on rate hikes the better for equities and bonds. I'm curious of RE will follow

---

San Antonio is a feeding frenzy right now. My wife listed a home Thursday last week at $300. She shut showings down Saturday at noon. She had 8 offers, all 8-10% over asking, little to no option, no repairs to be required and waived appraisal addendums.

She also has a young PA and her Coastie husband put thier first ever offer in on a home that went to market Thursday. They kept showings and offers open until yesterday and had 29 offers. All had similar stats.

First time buyers with little to no cash are going to be priced out of this market soon as higher rates push down their purchasing power and puts more competitors in their price point from above due to same reasons.

mwp02ag said:

---

tysker said:

---

Interesting the market is loving the news. The more clarity on rate hikes the better for equities and bonds. I'm curious of RE will follow

---

San Antonio is a feeding frenzy right now. My wife listed a home Thursday last week at $300. She shut showings down Saturday at noon. She had 8 offers, all 8-10% over asking, little to no option, no repairs to be required and waived appraisal addendums.

She also has a young PA and her Coastie husband put thier first ever offer in on a home that went to market Thursday. They kept showings and offers open until yesterday and had 29 offers. All had similar stats.

First time buyers with little to no cash are going to be priced out of this market soon as higher rates push down their purchasing power and puts more competitors in their price point from above due to same reasons.

---

First time home buyers likely aren't being priced out. The numbers you represented above must include some of them if not majority on a 300k home. Banks are lending and over extending first time home buyers.

Statistics show that majority of people don't have the wealth nor the means to be offering what's happening in the real estate market.

oneeyedag said:

---

---

if that is real, he sure nailed it.

Even CBS News this morning said this was under Biden and not the war in Ukraine

The Fall Guy said:

---

Even CBS News this morning said this was under Biden and not the war in Ukraine

---

I was shocked when I saw that part of the report

will25u said:

---

Shelter is the single biggest component of CPI (33% of Index) and is still being wildly understated (@ +5% YoY) with rents up 17% over the last year and home prices up 19%. The actual inflation rate is much higher than 8.5%. pic.twitter.com/AlbMysNVLb

— Charlie Bilello (@charliebilello) April 12, 2022

---

Overall, food away from home is really a good value as compared to before. Some restaurants have adapted but many haven't increased as rapidly as you would expect.

Tony Franklins Other Shoe said:

---

So are we tearing off "I did that" stickers yet?

---

Yeah, I was told by a vaxoholic on here that we should start taking off those stickers at the gas pump because gas prices are "cratering.*

will25u said:

---

PutInflation in context pic.twitter.com/onADmgZWqi

— zerohedge (@zerohedge) April 12, 2022

---

Obama, Xi, Biden, Fauci, and their complicit media and pharma team(s) did this to the world. Fauxi's baby was just the vessel.

War criminals beyond anyone that's ever lived. Period.

Nuremberg 2.0 had better happen...soon.

To be fair, I said they are GOING to be. What I was trying to say that as rates go up, they are already up a bunch from .25% FED rate hike, every buyer looses purchase power. As more buyers loose purchasing power many will be forced into lower price ranges adding to competition for first time buyers.

And to her first time client, who has little cash, trying to buy at $300k (which isn't buying much these days) they were one of the lowest offers on a home listed at $295k. You simply gotta have at least 10% over asking and that takes cash many first time buyers don't have.

send this to all your leftist relatives:

LMCane said:

---

send this to all your leftist relatives:

---

I would, but they can't comprehend it. They believe what they believe and they always will, facts and data be damned!