The real inflation in the US is closer to 20%, not today’s reported 8%. This and other measurements show that the US is in the beginning stages of a recession. Saudi Arabia, on the other hand, is doing great.
Real inflation in the US is closer to almost 20% when using the flexible price CPI less food and energy. This is much higher than what is being reported by the media.
Real inflation in US hit almost 20% in February pic.twitter.com/xnwHG4z3WR
— (@AlessioUrban) March 10, 2022
Look who is winning this war in Ukraine – Saudi Arabia – which is having a record year thanks to Joe Biden.
Make no mistake about who is winning this war pic.twitter.com/MuTT5raNjC
— Derek Trotter (@DelB0yTr0tter) March 10, 2022
A recession is on the way. Something we reported a week or so ago. This too is due to Joe Biden.
Negative real wage trends have been a theme since 2021, and can sometimes precede recessionary periods. In this case probabilities may increase if real wage growth remains negative by summer of 2022.
The question is, will this time be different?
— Markets & Mayhem (@Mayhem4Markets) March 10, 2022
We reported a week ago that the economic indicators show that we are in the beginning of a recession. This one could get really bad because the gang in the White House appears to have no desire to get us out of it. These people for some reason want to see Americans suffer. They do not care what happens. They are behind it.