Awful news for everybody, particularly those in speculative tech jobs.
We may well look back at the attack on Iran as the American tipping point that caused the same kind of financial stagnation as Brexit caused for the UK.
Core PPI up 9.6% annualized (0.8% MoM) in May
41–50 of 150 posts
Re: Core PPI up 9.6% annualized (0.8% MoM) in May
#42Earlier quoted context omitted.
The problem runs deeper than the current administration. Voting doesn't work. The Biden administration isn't the antidote to our problems.
> Voting doesn't work Disparaging democracy doesn't work. Saying shit like this is worse than not voting. EDIT: Downvoted for defending democracy. I do love democracy :-D
It's at best a weak check by the populace on two rival gangs of the ruling class. It's certainly not what its proponents claim it to be.
Re: Core PPI up 9.6% annualized (0.8% MoM) in May
#43This is what you get when you elect a mad king. "I love the inflation" - Donald Trump.
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You are leaving out there was a global epidemic happening at the time, it's easier to see the logic of a global crisis which shutdown the global economy creating inflationary pressure from both supply economics, and mitigations taken by governments to keep money circulating (as much as we can disagree if it was the correct measure, it's understandable).
What is understandable about the current causes of inflation?
Re: Core PPI up 9.6% annualized (0.8% MoM) in May
#44Possible the everything bubble propping up unprofitable tech buying up resources across the supply chain to build infrastructure + tariff inflation + war of choice energy inflation + massive federal spending + unwillingness to hike rates to cool things off ?
Good chance we run the COVID inflation all over again
Re: Core PPI up 9.6% annualized (0.8% MoM) in May
#45Earlier quoted context omitted.
> Voting doesn't work Disparaging democracy doesn't work. Saying shit like this is worse than not voting. EDIT: Downvoted for defending democracy. I do love democracy :-D
It's at best a weak check by the populace on two rival gangs of the ruling class. It's certainly not what its proponents claim it to be.
I see, you prefer your gangs unchecked?
Re: Core PPI up 9.6% annualized (0.8% MoM) in May
#46Earlier quoted context omitted.
The problem runs deeper than the current administration. Voting doesn't work. The Biden administration isn't the antidote to our problems.
> Voting doesn't work Disparaging democracy doesn't work. Saying shit like this is worse than not voting. EDIT: Downvoted for defending democracy. I do love democracy :-D
Saying it seems to have become a taboo, probably because of the existential horror of it possibly being true.
Re: Core PPI up 9.6% annualized (0.8% MoM) in May
#47We are not at a point as a country to have a serious discussion about governance. The administration in charge (as recently as yesterday) still blames Biden for issues happening on their watch, even though he hasn’t been in officer for 16 months now. This is not an administration serious about governing, and until we have an administration serious about governing and taking responsibility for their actions, we will c…
The problem runs deeper than the current administration. Voting doesn't work. The Biden administration isn't the antidote to our problems.
The problem as I see it is more about a real habit of blaming the other side and keeping problems alive as wedge issues than actually solving anything. This was a problem before, and always has been to some extent, but seems to have gotten much worse since social media and twitter became ways for memes to spread virally. So much easier to get outraged about something the other guy is or is not doing, than to do the work to come up with any solutions. And the country is pretty evenly divided on which side they like, so we're just treading water in sewage mostly.
Re: Core PPI up 9.6% annualized (0.8% MoM) in May
#48We are not at a point as a country to have a serious discussion about governance. The administration in charge (as recently as yesterday) still blames Biden for issues happening on their watch, even though he hasn’t been in officer for 16 months now. This is not an administration serious about governing, and until we have an administration serious about governing and taking responsibility for their actions, we will c…
The politics in this country have been intentionally broken going back to Clinton and Obama. It is impossible to make meaningful change anymore. Add in the propaganda convincing 2/5th of the country to consistently vote against their own interests and fundamentally misunderstand core issues, and it is difficult to see what can be done in the next 10 years. The USA has had a hostile takeover by oligarchs. We are a cou…
It's interesting how you elect to name two presidents in an era that were democrats while conveniently omitting the republican president in between. With all his baggages, I find this quite convenient.
Re: Core PPI up 9.6% annualized (0.8% MoM) in May
#49Until the press and the public do not examine the real long term strategies of the US establishment, this won't change. All you hear is reporting about Trump's daily contradictory statements, "leaks" in Axios that peace in Iran is imminent, then 40 tomahawk missiles. Next are probably fake peace talks again. Until the press grasps that the US establishment wants a protracted forever war that hurts the EU, Japan, and…
> the US establishment wants a protracted forever war that hurts the EU, Japan, and India, no change will occur This presumes way more competence at the top than we’ve got. > US wants to force investment of these countries in building valuable industrial infrastructure in the US and shake them down with high US energy imports Americans want lots of things. Current policy isn’t promoting those interests. Currently, th…
> This presumes way more competence at the top than we’ve got.
That is the intended perception because the public figures are imbeciles. The people in the background are highly competent and controlling energy flows to US "allies" has been a priority issue since Reagan blew up a Soviet pipeline to Germany.
Or make the starting point the Suez Crisis when the US unseated Britain in the Middle East and took over.
Re: Core PPI up 9.6% annualized (0.8% MoM) in May
#50What makes this appalling is that the current situation is entirely the result of deliberate choice by the president.
I know there will be a lot of commenters rushing in to breathlessly claim 'Inflation was worse under Biden!'. However, there is a difference between inflation being the result of a literal 'once a 100 year' global pandemic and Trump deciding to attack Iran because he needed to remove attention from his involvement in the Epstein files.
As a summary
* Jan 2025 - Inflation when Trump took office was 2.9%
* Jan 2026 - Inflation at 2.4%
* 30th Jan 2026 - DOJ releases the first major batch (3 million files) of Epstein files. Numerous mention of Donald Trump in the files are immediately highlighted. Trump rants and rails, calling it a 'witch hunt'
* Feb 2026 - New York times releases a bombshell report documenting that Trump appeared in the files 5300 times. [1]
* Mid Feb 2026 - Trump starts ratcheting up the rhetoric against Iran
* 28th Feb 2026 - US attacks Iran
* June 2026 - Avg gas prices over $4, US CPI at 4.2% and rising rapidly. The PPI numbers in the article referenced by OP show that this is only going to get worse.
[1] https://www.nytimes.com/2026/02/01/us/trump-epstein-files.ht...