Tuesday, November 21, 2023
Commentary: As Consumer and Producer Inflation Cools, Recession Maybe on the Horizon in 2024
Both annualized consumer and producer inflation decreased in October from 3.7 percent to 3.2 percent and from 2.2 percent to 1.3 percent, respectively, according to the latest data from the Bureau of Labor Statistics, amid a drops in oil prices.
Subscribe to:
Post Comments (Atom)
I am sure the Bureau of Labor Statistics has fallen in line with all the other govt agencies and do/say whatever bidens handlers say. I think this is the most untrust worthy administration yet.
ReplyDeleteRecession in 2024?
ReplyDeleteOF COURSE!
And the only way out of it is to vote for Joe.
Damn, that will be the 3rd recession in a row.
ReplyDeleteThis whole "Recession is a slight possibility" nonsense pisses me off more than the usual lies pouring out of .gov and their propaganda arm, the news media. The economy has definitely been contracting since the first quarter of 2022, and there is evidence it began earlier than that.
ReplyDeleteMaybe? It's coming like a freight train!
ReplyDeleteWhen you have a dimwit bimbo like Janet Yellen at the helm there's bound to be a 1912 Titanic repeat.
ReplyDeleteLunch today in Bluffton SC, as follows:
ReplyDeleteSweetie: BLT, fries & one wine. Me: Ceasar Wrap w/Blackened Shrimp, 'tater salad & Tito's Bloody.
Cost: $48.65. My treat, but she footed the Honey Baked Ham bill. Bone in spiral cut w/ 1/4 Turkiye. Guess we have to spell it that way these days.
Yuh wanna know the real numbers on inflation all yuh gotta do is check out Ken Denninger's Market Ticker blog.
ReplyDelete