Wednesday , December 18 2024

Bidenomics

Summary:
Now that CPI/PPI are collapsing YoY the GOP is just going to pound Brandon on the Art degree moron figure of speech "inflation!"  based on price comparisons from when he took over in Jan 2021....   easy peasy…We now have to watch how the Biden people respond to this political attack...  from a Biden people perspective they may still think they have a figure of speech “inflation!” problem… tell their Fed people  to keep increasing the risk free rate to fight their figure of speech  “inflation!”…Since Biden took office, prices are UP by 16.6% and real wages are DOWN by 3%.Bidenomics! pic.twitter.com/c3WZsjKC3U— RNC Research (@RNCResearch) July 12, 2023

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Now that CPI/PPI are collapsing YoY the GOP is just going to pound Brandon on the Art degree moron figure of speech "inflation!"  based on price comparisons from when he took over in Jan 2021....   easy peasy…

We now have to watch how the Biden people respond to this political attack...  from a Biden people perspective they may still think they have a figure of speech “inflation!” problem… tell their Fed people  to keep increasing the risk free rate to fight their figure of speech  “inflation!”…




Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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