Sam Elliott Apologizes for Bashing ‘Power of the Dog’: ‘The Gay Community Has Always Been Incredible to Me’
Cowardly.
Double vaxxed, boosted, sick with Covid. Remind me again how important the vaccines are.
Neil Irwin on inflation…
JOE BIDEN HAS SET ECONOMY BACK 41 YEARS
Get ready for a nasty inflation report
“…A new inflation reading is due out Tuesday morning, and it looks to be a doozy. The Consumer Price Index for March will reflect the surge in energy prices tied to the war in Ukraine, which is likely to push the headline number to yet another multi-decade high.
Why it matters: The biggest question facing the economy now is whether inflation will come down on its own, or require such aggressive Federal Reserve action as to bring a recession. The new numbers will provide fresh evidence of which reality we’re living in.
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- Beyond the headline number, the report will include crucial evidence of whether the forces that have driven inflation — largely affecting goods — are starting to fade, and whether rising prices are spreading further into services.
The details: Analysts surveyed by FactSet expect the release to show 8.4% inflation over the last year, which would be the highest overall inflation rate since December 1981. The rate was 7.9% for the year ended in February.
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- Excluding food and energy, the forecast is for 6.6% inflation, which would be the highest since August 1982.
Gasoline prices alone are a major culprit. The average gallon of gasoline cost $4.08 in March, according to government data, up 20% from February.
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- The good news: That price has already faded a bit, down to $4.02 in the first week of April, which if sustained means gasoline could subtract from future months’ headline inflation number.
- Look for the Biden administration on Tuesday to emphasize the role of Russia’s invasion of Ukraine in generating the nasty inflation number, and to highlight its efforts to bring down fuel costs by releasing oil from the Strategic Petroleum Reserve.
Yes but: The real question for the outlook lies in what is going on with underlying inflation trends — those tied to the economy’s internal dynamics around wages and business pricing power, rather than geopolitical events.
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- For durable goods, relief could come if and when supplies stabilize. In one favorable sign, used car prices declined in March according to a much-watched index (more on that from Matt below).
- Still, services excluding energy products account for 57% of CPI, versus only 13% for durable goods. so it wouldn’t take much for the services sector to supplant goods, preventing overall inflation from coming down.
Case in point: Rent price increases have accelerated in each of the last three months, and were up 0.6% in February. That reflects constrained housing supply and rising incomes — and so long as it persists will keep inflation from coming down meaningfully.
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- Prices are also rising for services as varied as health insurance and hotel stays. The fading of the pandemic may mean consumers shift their spending toward services, bidding up their price amid finite supply.
- Moreover, companies that sell services are looking to make up for rising wage costs and enjoy the pricing power that comes with robust demand.
The bottom line: The high overall inflation number will get most of the headlines Tuesday morning, but the more important question for the outlook is whether services inflation keeps accelerating even as durable goods inflation fades.
Related:
Hunter Biden’s access to lucrative financial opportunities also came with expectations — including kicking back as much as 50% of his earnings to his dad, text messages on his old laptop show.
Hunter Biden frequently covered family expenses, texts reveal
Who could have guessed that?
The only thing predictable about Earth’s climate is the failure of man to predict it.
50 Years of Failed Eco-pocalyptic Predictions
I’ve posted this before. It’s a great article with many examples of man’s vanity and folly. Ice ages, global warming, world famines, no more winters, food rationing, no more oil, ozone depletion, acid rain, droughts, rising oceans you name it the Climatistas have predicted it. You’d think their record of failure after failure would imbue them with humility. You’d be wrong. The Climate Cultists are still barking at the moon demanding nonsense.
Dr. Naomi Wolf on the vaccines
Naomi Wolf on Bannon's War Room @BannonWarRoom explaining the depth of corruption, collusion, and the hundreds that will be implicated and indicted on this crime. Either they knew or should have known. pic.twitter.com/p1pxU0W2WD
— Peter A. McCullough, MD, MPH® (@P_McCulloughMD) April 10, 2022
Heh!
This looks like a great movie!
Covid vaccines are not all they are cracked up to be.
US Military Doctor Testifies She Was Ordered by govn administration to ‘Cover Up’ Vaccine Injuries
“…Dr. Theresa Long, medical officer with the United States military, has testified in court that she was ordered by a superior to suppress Covid-19 vaccine injuries following the Biden regime’s mandate. Dr. Long also testified that the data shows that deaths of military members from the vaccines exceed deaths from COVID itself…”
Related:
Military Doctor Testifies She Was Ordered to ‘Cover Up’ Vaccine Injuries
Memes of the week
Musk!
Watch a supercut of the lying, unprofessional, biased media covering up for the hunter Biden laptop by blaming the Russians.
Senator Tim Scott rips MSNBC’s racism
Jason Whitlock is a patriotic American doing some good work. Listen to this for a few minutes.
Politicized medicine. The same forces of woke stupidity that destroyed our education system are now working on our medical system.
9-Year-Old Ohio Boy Denied Kidney Transplant Because Father Is Unvaccinated
“…They tried explaining to the clinic that Dane Donaldson had recovered from COVID-19 and therefore has natural immunity—even presenting results from a T Detect test, which measures the T cell immune response to SARS-CoV-2—but their rationale fell on deaf ears…”
We live in the age of stupid.
Satirists falling behind Democrats who self-satirize…
Our education system has been systematically destroyed. We teach children about transgenderism and racism instead of reading writing and arithmetic.
Headline of the day…
More deep-state lying exposed in Biden Administration response to Russia invasion of Ukraine
‘Major housecleaning’ needed after Biden team waged info war using unverified intel, expert says
“…Fred Fleitz, former chief of staff at the National Security Council, made his comments following a report that the U.S. released unverified information in order to stop Russia from invading Ukraine…”
Lying is lying. The media report disinformation from the liars in government like it’s verse from the bible.
The deep-state liars that said the Hunter Biden laptop was Russian disinformation should be held accountable.
GOP demands ‘experts’ who dismissed Hunter Biden laptop fess up — or face subpoenas
Here’s a picture of two of the primary liars:
Here’s a picture from the laptop of the man they tried to protect from scrutiny by lying through their teeth. They lied to prevent Americans from getting the truth prior to a presidential election. The men above are liars. The man below is a drug addict and criminal who sold his father’s name in an influence peddling scheme:
