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LTC Stephen F.
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Thank you my friend LTC (Join to see) for posting the perspective from foxbusiness.com author Larry Kudlow; Here's the worst economic news today.

FOX Business host Larry Kudlow reacts to the consumer price index report and calls out the White House shifting the blame to Vladimir Putin on 'Kudlow.'
https://www.youtube.com/watch?v=3oKkZRC85yI

Bac kground from {[foxbusiness.com/media/larry-kudlow-worst-economic-news-today]}
Larry Kudlow voices his concerns over inflation
So, all eyes on the Fed today, which raised their target rate by 75 basis points as everyone expected, because they leaked it to the Wall Street Journal on Monday. Here's the worst economic news today.
Retail sales unexpectedly fell and the GDP tracker from the Atlanta Fed for the second quarter is now 0.0%. Remember, Q1 actual was -0.5%.
Are we in a recession? Could be... don't know yet, hut here's a mind-blowing quote from the Fed press release: "Overall economic activity appears to have picked up after edging down in the first quarter." So, somebody is wrong here.
Either falling retail sales from the Commerce Department are wrong or Jay Powell is wrong. They can't both be true. For the first time in my career, I'm betting on the Commerce Department.

Seaport Securities founder Teddy Weisberg and Carnivore Trading CEO Dutch Masters discuss whether markets have hit bottom and if a recession is imminent on 'The Claman Countdown.'video
Fed just admitted inflation is out of control, the market is about to roll over: Masters
Seaport Securities founder Teddy Weisberg and Carnivore Trading CEO Dutch Masters discuss whether markets have hit bottom and if a recession is imminent on 'The Claman Countdown.'
High inflation always ends in difficult recessions. This time around will be no different.
I don't know what the Fed is going to do in the months ahead, partly because the Fed doesn't know what it's going to do in the months ahead. Having completely missed the high inflation story, the Fed says inflation remains elevated, reflecting supply-and-demand imbalances related to the pandemic, higher energy prices and broader price pressures. I keep looking in their notes for the statement "we were wrong."
We ballooned the M2 money supply by 40%. We bought nearly two-thirds of the bonds sold by Biden's $2 trillion rescue package and that was a huge mistake and that's what's caused the inflation. I keep looking for that. I don't see it. So, I'm going to assume that this was some kind of immaculate miracle. We're going to call this "immaculate inflation." It had no real cause. It was just a gift from heaven, but it's not our fault, which leads me to nominate Jay Powell as the Joe Biden of the Federal Reserve.


The only thing missing is Powell so far hasn't blamed MAGA Trump for inflation, the way Biden does when he blames Trump and Vladimir Putin for all that ails the country.
I kind of like the New York Post editorial this morning: "Biden pumps out more economic baloney."
I think Jay Powell is pumping out some baloney himself. Were it up to me, I'd raise the Fed's target rate a full percentage point every meeting, until the actual inflation rate starts coming down significantly. I'd keep a sharp eye on gold and commodity indexes, to see if the true value of the dollar is rising.
INFLATION HITS FRESH 40-YEAR HIGH IN MAY WITH CONSUMER PRICES SURGING 8.6%

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LTC Self Employed
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This Biden commercial for the lie because he blames everybody but himself.
https://youtu.be/ozzwMBvvUiA
LTC Stephen F.
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1LT Voyle Smith
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Bravo Brother Stephen! You’ve called it like it is.
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LTC (Join to see)
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Now the view is calling Republicans possibly Sweeping in the fall as the big lie.
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