Inflation hits fresh 40-year high in May with consumer prices surging 8.6%

[Guard Dad]

Inflation hits fresh 40-year high in May with consumer prices surging 8.6%

The May consumer price report, released on Friday, sheds light on whether inflation is peaking, or whether consumers will continue to face rising costs in coming months.

www.foxbusiness.com

 

[cptlo]

Let's Go Brandon!

 

[J-man]

Ain't seen nuttin yet. Biden says, "Here, hold my beer."

 

[Captain Rhett Butler]

This just stinks...the prices of everything is up up up.... I'm really missing some of Trump's mean tweets and $1.59 gasoline.

 

[Chindog]

Let's all look at the bright side. Somebody jump in and tell us what the bright side is.

 

[cptlo]

Let's all look at the bright side. Somebody jump in and tell us what the bright side is.

This may be a bit of a stretch....

Inflation = bad economy = people not spending as much = fewer people building homes = builders/contractors not as busy = my new home gets built quicker.

 

[The Sound Guy]

This may be a bit of a stretch....

Inflation = bad economy = people not spending as much = fewer people building homes = builders/contractors not as busy = my new home gets built quicker.

It dropped off pretty quick there right before Obama was elected....

 

[Far West]

I'll stretch further. People's pain in their pocket book, which I fear will get worse in the next 30 months, may mean a whole new generation learns why socialism does not work.

People might actually become disenchanted with the current party of Dems/Marxists and see the light.

All that "FREE" money the gooberment has been giving and continue to give out is inflationary.... we ain't seen nothing yet.

You thought the current millennial and younger generation bought into the Dem's claim that trickle down economics does not work... compared to what the 2020 to 2024 will dish out... they will be new believers in capitalism and free markets, that the tide rises all boats. We can hope...

 

[Captain Rhett Butler]

The stock markets have been very volitile...wild swings up a little and way down a lot. My stuff has taken a beating lately.

For some reason, the bootleggers in the family never seem to be worried about money, but the rest of us have to be a bit more cautious.

 

[Far West]