#Inflation is rolling over. PPI inflation for finished goods continues to fall, with year/year rate coming down to +9% in December #CoSoFinance
@TheKarlWLewis LOL. Probably not, lol! Nor is it bills to defund the IRS, force women legislators to cover up their shoulders (Hello, American Taliban), reinstating smoking in the Capitol, or establishing a select subcommittee on "weaponization of the federal government". All the Republican priorities seem to have nothing to do with #inflation.
@RealSeanBrodrick it’s not truly inflation when companies are posting record earnings.
@AndyM Ah, but you see, the big corporations are arguing the flip side of that. They say it's not price gouging when there is inflation. Even companies that aren't affected by inflation in any real way.
@RealSeanBrodrick of course they would argue that, and they count on people not knowing the historical numbers obliterate that argument. Simply put, the data does not support that argument.
@AndyM Ah, but the both sides media would disagree. Say you''re a news consumer who has 15 minutes to consume news. How do you figure it out? Say you're a FOX "News" watcher who only gets the corporate side? How do you figure it out?
@RealSeanBrodrick you figure it out but looking at the historical percentage rate of inflation and profits. As well as earnings reports. However, corporations count on the ignorance of the public, and such reliance isn’t necessarily misguided.
@RealSeanBrodrick
#CoSoPolitics
Do you suppose the drop in inflation is due to the announced investigations into Hunter Biden's laptop?