A SLAP, A CORE PCE & A SOOHEY PIG PIG!!
Total PCE in current dollars +0.3% vs prior 0.2%, in chained 2000 dollars +0.7% vs prior +0.0%. Durable goods +2.9%, vs. prior -2.4%; nondurable goods +0.9% vs prior +0.9%; Services +0.2% vs prior +0.1% in October.
The PCE shows a clear case of inflation and even with energy costs pulling back, a clear case of energy stagflation in the supply chain.
Today's SOOHEY PIG PIG!! award goes to the Fed for trotting out its favorite indicator, the aptly named CORE PCE (personal consumption expenditure) "DEFLATOR" and trying to take a pin to the PCE baloon.
In at +0.1% vs est +0.2% vs prior +0.1%; showing that when you strip out energy, food, and for all intents and purposes through moronic er, I mean hedonic adjustments, healthcare and housing, inflation is really quite tame.
Now see here everyone, we here at the Fed have declared this to be the model of reality, got it! Medical care? Medicine? Indoor heating? Tooling around with Ms. Peel? Food? A roof over your head? thats all for soppy wankers! The homeless do it, and so can you!!! Carry on ol boy, thats it, dogged resolve with a stiff upper lip!!
The Fed wants to treat John Q. Public like a nation of homeless and attempts to spread its "tame inflation" propaganda through the "hook in mouth" media machine; whilst buggering and pissing on ol Johnny, and convincing him its actually a loving pat on the rear during a warm gentle summer rain. Right, got it, thanks!!
The institutionally brainwashed econometric intelligentsia who are practicing members of S.L.A.P. (read Statistical Liars & Academic Prostitutes) have the demeanor of a drug addict when it comes to inflation or stagflation, just the mention of the word causes a stammer, nervous tick and an argumentative illogical rant of goobly gook and complete denial.
When are these econo ass clowns gonna wake up, grow a conscience, get with the program and join the real world? Anyone wanting to have a good laugh should read the double speak in the Commerce Dept's contrivance of goobly gook. Thats enough pig, back in your poke for a Merry Hannumas and Christmukkah! SOOHEY PIG PIG!!!
The PCE shows a clear case of inflation and even with energy costs pulling back, a clear case of energy stagflation in the supply chain.
Today's SOOHEY PIG PIG!! award goes to the Fed for trotting out its favorite indicator, the aptly named CORE PCE (personal consumption expenditure) "DEFLATOR" and trying to take a pin to the PCE baloon.
In at +0.1% vs est +0.2% vs prior +0.1%; showing that when you strip out energy, food, and for all intents and purposes through moronic er, I mean hedonic adjustments, healthcare and housing, inflation is really quite tame.
Now see here everyone, we here at the Fed have declared this to be the model of reality, got it! Medical care? Medicine? Indoor heating? Tooling around with Ms. Peel? Food? A roof over your head? thats all for soppy wankers! The homeless do it, and so can you!!! Carry on ol boy, thats it, dogged resolve with a stiff upper lip!!
The Fed wants to treat John Q. Public like a nation of homeless and attempts to spread its "tame inflation" propaganda through the "hook in mouth" media machine; whilst buggering and pissing on ol Johnny, and convincing him its actually a loving pat on the rear during a warm gentle summer rain. Right, got it, thanks!!
The institutionally brainwashed econometric intelligentsia who are practicing members of S.L.A.P. (read Statistical Liars & Academic Prostitutes) have the demeanor of a drug addict when it comes to inflation or stagflation, just the mention of the word causes a stammer, nervous tick and an argumentative illogical rant of goobly gook and complete denial.
When are these econo ass clowns gonna wake up, grow a conscience, get with the program and join the real world? Anyone wanting to have a good laugh should read the double speak in the Commerce Dept's contrivance of goobly gook. Thats enough pig, back in your poke for a Merry Hannumas and Christmukkah! SOOHEY PIG PIG!!!
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