Is this a surprise? This administration (and all others) manipulate the numbers to tell the story they want, and a compliant economic press rarely drill into it.
This is disappointing news. But there is one other silver lining, which is the fact that by Election Day ordinary citizens will be fed up with their struggles to balance their finances and will likely vote out the current administration.
Analysts are predicting a volatile year, worldwide, in part because 60% of the world’s population hold elections this year. Peter, can you foresee plausible scenarios developing that would hold down our rising inflation? For example, if China’s deflation and related economic troubles accelerate in certain ways, would they significantly affect the US inflation rate? I don’t mean catastrophic collapse, just serious volatility in other countries that would temper our own troubles.
Is this a surprise? This administration (and all others) manipulate the numbers to tell the story they want, and a compliant economic press rarely drill into it.
Only a surprise in that the economic toxin is inflation rather than deflation.
What’s worse, the press perpetuate the data-manipulation and lies, and are in on the corrupt take!
Corporate media is either malicious, stupid, or maliciously stupid in their reporting of just about anything.
This is disappointing news. But there is one other silver lining, which is the fact that by Election Day ordinary citizens will be fed up with their struggles to balance their finances and will likely vote out the current administration.
Analysts are predicting a volatile year, worldwide, in part because 60% of the world’s population hold elections this year. Peter, can you foresee plausible scenarios developing that would hold down our rising inflation? For example, if China’s deflation and related economic troubles accelerate in certain ways, would they significantly affect the US inflation rate? I don’t mean catastrophic collapse, just serious volatility in other countries that would temper our own troubles.