July 27, 2022

Let me get this straight...

The 40 year high in inflation, not being problematic enough, we have very likely also fallen into a recession (we'll know tomorrow). Except they say it's not a recession, trying to alter the definition to fit their narrative. And the Federal Reserve, behind the curve on addressing inflation, was reasonably expected to play catch up and potentially raise interest rates by a full 1% this week.  Except Jerome Powell, Federal Reserve Chair, clearly spooked by the existence of recession, backed up a bit and raised interest rates by 75 basis points (bps) instead of the needed 100 bps (1%).  But that can't be, because there "really isn't a recession".

So that means they don't think inflation is all that bad? Right?

Or more clearly, they are all just lying to you.

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