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Visions of the Carter era?

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Visions of the Carter era? Empty Visions of the Carter era?

Post by Maddog Thu May 13, 2021 11:59 pm

Companies paid much higher prices to producers in April for everything from steel to meat in another sign of inflation in an economy rapidly recovering from the pandemic. The new data comes a day after a sharp gain in consumer prices sent the stock market reeling.

The Producer Price Index rose 0.6% from March, according to the U.S. Bureau of Labor Statistics. Year over year, the PPI spiked 6.2%, the largest increase since the agency started tracking the data in 2010.

Economists polled by FactSet were expecting a 0.3% monthly increase in April and 3.8% year over year.


https://www.cnbc.com/2021/05/13/producer-prices-april-2021.html?fbclid=IwAR2Nlo7sNWOgllbpjDpEfNXpBxh_LAk1tOTkmnOYrSpmaXGGbvXzol3cH8Y


Well. I guess we stimulated the economy, while adding a labor shortage to boot. This should come as no surprise to anyone.

_________________
pa·ter·nal·ism

noun

The policy or practice on the part of people in positions of authority of restricting the freedom and responsibilities of those subordinate to them in the subordinates' supposed best interest.
Maddog
Maddog
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