The worst inflation news: Inflationary projections correctly anticipate the consequences of more dollars chasing a static quantity of goods – but what happens when productivity also falls?
That would be the practical distinction between a recession and a depression.
Too pedantic? You’ll know better than me, very soon.
In other news:
Housing Wire: Mortgage rates manage another dip to 2.94%.
Housing Wire: South poised to see $1 trillion in home sales in 2021.
Andy Puzder: Post-COVID, no action from Biden, Dems was required for job market to soar. Now look at the mess they’ve made.
Katie Pavlich: BREAKING: U.S. Inflation Soars.
The New York Post: From inflation to jobs to the border, Biden is flailing — when will the media notice?
Victor Davis Hanson: Biden Mocks Ancient Wisdom: When an arrogant present dismisses the wisdom of the past, then an all too predictable future becomes terrifying.
Don Feder: The Left’s War on Procreation.
Karol Markowicz: Kids will pay a steep price for this War on Merit in schools.
Brian Brady says:
The South is winning the next civil war. Thankfully, it’s bloodless.
Inflation is about to get even worse:
https://www.epsilontheory.com/wage-inflation-isnt-coming-its-already-here/#.YJxscOIWrOU.twitter
May 13, 2021 — 8:08 am