Bidenflation And You

‘Bidenflation is proving to be the worst of all worlds. You no doubt heard and saw the impact of Thursday’s CPI, or consumer inflation report. It’s because as bad as ‘Bidenflation has been, it’s actually getting even worse. No, the rate of inflation at 8.2% most recently isn’t worse than it’s been. We did peak at over 9% in June. But what was different then as compared to today is the trend in wages. All throughout the surge in the rate of inflation to 41-year highs, the average household was still falling behind month-by-month with wages rising but just not as fast as inflation. This provided hope to some, and became the general narrative of many – including the oft-wrong economists at-large, that with wage growth strong and growing, interest rate increases would tame inflation and Americans would soon be better off on the other end. Benefitting from and enjoying the of higher wages with lower inflation. Thursday’s CPI report effectively confirmed what we saw in last month’s report. That A) Blind squirrels find nuts more frequently than economists project economics accurately B) The hope behind that narrative is now gone. It wasn’t just another month in which the average economist underestimated what the real rate of consumer inflation was in real-time, it was a second consecutive month of declining wage growth as well. Already the average working American had been 3% worse off than a year ago when wage growth had been adjusted for inflation. What we’re now seeing is that wage growth is actually falling faster than the rate of inflation. That’s the worst of all worlds. But then again, given that we’ve been in a recession since January which the aforementioned pinheads continue to deny, it’s really no surprise. What’s more. We know inflation is even worse in real-time. Energy prices were lower last month than they are today. Good times. Elections have consequences. This country has no one to blame but Democrat voters. Oh wait, sorry – was that a bit too real? Well suck it up buttercup, because its fools like you that did this to us. But then again, when your best argument against the former president was that he was a “bad Orangeman” with “mean tweets”, who’s really surprised?