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Inflation Kneecaps Sentiment As Faith In Policies Crumbles
Consumer sentiment deteriorated in early January as inflation worries proliferated and Omicron cases
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Joe Manchin is Mitch McConnell’s hero.
(just posted this comment in previous article but it fits better here so reposting thanks)
I’m thinking another huge team Biden blunder was renominating Powell to head the Fed…Biden had a opportunity to tie Powell to Trump and have a political scapegoat for Inflation because of the overzealous and inordinate market monetary accommodation that helped contribute to the inflation equation, as well as massive wealth disparities among the populace, …see today’s gods in space…
Anyone have a take on Russia/Ukraine and oil and gas as it relates to CPI and us politics in coming months/elections?
H-Man, you don’t want to say “stagflation” but if the consumer runs away with rates rising …..not a happy ending.