Inflation hits new 40 year high with report out July 13th. another on July 29

How did costs "surge" for gasoline when the national average for gas has declined for 29 straight days??

 

I recently looked up the commodities futures for foodstuffs and most were down last few weeks. Hopefully this along with slightly falling gas prices signal some stabilization in inflation in the coming months.

 

Inflation is generally a lagging indicator. And core prices are dropping. The headline is surely shocking, but many experts did expect to see inflation continue through Q2 of CY 2022. We're now in the start of Q3, and by all indications, June should be the last month of near double digit inflation. We'll see what the July numbers bring this time next month.

 

"Are their any more SCOTUS decisions that we can distract with?"

- POTUS

 

lumber is starting to recover the drastic drop earlier this year but still well off the highs ($700 now vs $1300) in March

Lumber Price: Latest Futures Prices, Charts & Market News | Nasdaq

 

where is here? Naples still $4.59

 

Gas prices peaked in the second week of June and we are down 7% from that peak and dropping. Still about double what gas was when Biden took office, but headed in the right direction.

Weekly U.S. All Grades All Formulations Retail Gasoline Prices (Dollars per Gallon)

Hopefully the fed will hold steady and not raise rates again.

 

Let's get Jill out there more....

 

Which makes sense because most monthly data is collected by mid-month. So that is why it is high in that report despite the drop over the last month.

 

The MAGA trickle up economy.
2.2T CARES Act
PPP free money
Sending out checks to everyone

The Democrat trickle up economy
1.9T Stimulus
More free money
3T Infrustructure bill
More money for stuff

These are the jackals we all voted into power! They are all the same. Biden did Trump a favor by winning. He took the economy L for Trump

now… the awesome thing is that all that debt to China gets to be paid of with deflated dollars. Yeah! Winning.

 

Biden calls inflation report ‘unacceptably high’ but ‘out-of-date’ the only thing out of date is inept joe, clutching at any straws he can find to make his pitiful administration look better

 

Putin's starting to ease up on us...

 

Plenty of places in S Carolina when I drove through there a few weeks ago were already under $4.00. The gas station around the corner from me in North Carolina was $4.06 this morning.

 

It's on purpose and will get worse. With that said, I'd invest all my money in Buc-ee's when they go public.

 

When?

 

All part of the plan... We all know what these commies want.