The election is 7 months away. I've been saying for years that pretty much everything up until 1-2 months before an election can be disregarded because of the short attention span of voters. But I think its getting pretty safe to contradict Yellan's transitory identification and say food prices will be the biggest issue voters care about. Or top three, even if world war breaks out again. McDonalds is advertising a $25 "value deal" of 40 mcnuggets and two large fries that doesn't even come with drinks. Even ramen noodles cost more than a quarter

Today brought bad CPI news, with stubborn 3.5% yty inflation, scuttling the plans for the feds to cut rates any time soon aka before the election. And all this inflation after decades of the fed's irresponsibility is just proving that quantitative easing was the most regressive form of taxation. The investor class doesn't fret when inflation mirrors the DOW, but average joes and particularly those bouncing around the poverty line with no savings have to spend their whole paycheck on rent and food. And there are a lot more voters with credit cart debt than with private yachts.

Doesn't take Carville or Rove to identify this issue or how it will define the election. So the question becomes, how will Donald Trump exploit it? How will Joe Biden defend against it?
I figure the old post-it-note political slogan has to rule. Trump needs to find a way to drag Biden down on the economy with one memorable catchphrase, a Biden gaffe, a scandal, anything that wraps this albatross around his neck

bogus dude will just lie about it and TDS frauds lefties will just huuhh huuuuh racists

neither candidates care about this issue, theres your /thread

Trump will campaign on it, but the question is whether (and how) he'll turn it into a catchphrase
Maybe it will be something as dumb as 'inflation joe', but if there's anyone clever in the Republican camp they'll try to find something better

If he feels that way he should go live in a country with low food prices and an economy propped up by actual production instead of financial chicanery

I remember back before the pandemic, my favorite Aldi's knock-off girl scout cookies were 99 cents. Now? Like a whole heckin dollar more expensive

Trump wasn’t that good on it either, pestering Powell to lower rates when we really should have been hiking. The democrats objectively always want to spend way more though, and people that want to say well it’s both sides are either lying or clueless. The republicans want to write blank checks to the military and cut taxes. The democrats want to write blank checks to military, blank checks squared to global warming policies, social programs and everything else.

I think about this a lot because obviously it impacts my savings and our future. In reality I think current inflation probably exceeds what money markets are yielding (if we don’t strip out the things that actually matter) and it’s one of the reasons why paper assets, housing, gold, Bitcoin and pretty much everything continues to spike higher. I kind of think we’re at the point of no return. The 2% target is probably getting abandoned and the new normal to be expected is 2.5-3%.

I am just happy for our major Canadian grocery retailers as they continue to post record breaking profits and csuite bonus payouts.

Makes me cheery that we continue to let two or three massive chains gobble up every single independent or small chain , acquisition after acquisition to where competition is now minimal. Thanks Competition Bureau Canada for all your competent work.

This post was edited by SBD on Apr 11 2024 07:54am

On sale...

Sliced Biden, only $1.89/pound.









This post was edited by Ghot on Apr 11 2024 08:01am