from Study Hall
Bill Maher Reasons That Anyone Struggling with Inflation Should Be the Biggest Proponents of Abortion
by Olivia Murray
American Thinker
Progressives have a long history of proposing murder to mitigate expenses, whether public or private, and Bill Maher is continuing the tradition; from Ian Hanchett’s new report at Breitbart News:
On Friday’s broadcast of HBO’s ‘Real Time,’ host Bill Maher stated that male working-class voters who are struggling with inflation ‘should be more pro-abortion than anybody’ because if one of those voters ‘can’t afford his bills, wait until he has a baby he doesn’t want.’
This particular segment was a roundtable-type dialogue between Maher, conservative radio host Buck Sexton, CNN’s Laura Coates, and journalist Tim Alberta; when Sexton argued that the abortion isn’t the top priority for people struggling to make ends meet right now, Maher reasoned that it should be. If inflation and the surge in the cost-of-living is back-breaking now, just wait until there’s another “unwanted” mouth to feed!
Ten Signs That the Economy is a Giant Mess as the Election Approaches
by Michael Snyder
The Economic Collapse Blog
The health of the economy has been a major determining factor in many past presidential elections, and the health of the economy is certainly going to have an enormous influence on the outcome of the upcoming presidential election. In fact, according to a poll that was just released by Rasmussen the economy is the number one issue by a wide margin for voters in the ultra-important swing state of Pennsylvania. Unfortunately for the Democrats, most Americans are not pleased with how the economy is performing, and it appears that conditions are now taking another turn for the worse. The following are 10 signs that the economy is a giant mess as the election approaches…
#1 The number of Americans filing first time claims for unemployment benefits just hit the highest level in over a year…
Trump Vows to Cut Energy Prices ‘in Half’ Within a Year of Taking Office
by Elizabeth Weibel
Breitbart.com
Former President Donald Trump vowed that if elected president, he would cut energy prices “in half” within a year of taking office.
During a town hall event in Oaks, Pennsylvania, on Monday, Trump told the crowd that he would “bring down” the cost of energy by 50 percent during his first year in office.
Trump added that the United States has “so much energy” that is not being used, noting that the U.S. is getting “energy from Venezuela.”
“And, when we get everything else down — houses — everything’s going to come, it’s going to be beautiful. You’re going to have a house,” Trump told the crowd. “Just wait a little while, give me a little while, let me get in. One year from January 20th, we will have your energy prices cut in half all over the country.”
Tim Walz Fails to Address Rising Grocery Prices Under Harris: Points to ‘Price Gouging’ and ‘False Information’
from Breitbart.com
Minnesota Gov. Tim Walz (D), running mate to Vice President Kamala Harris, was unable to explain why voters should not blame Harris for the economy and rampant inflation, instead opting to talk about “price gouging” and “false information.”
“Let’s talk about the economy,” ABC News’s Michael Strahan said in an exclusive one-on-one interview with Walz.
[…] “That is the top issue for voters out there — 74 percent of voters said the past year they’ve had to cut back on groceries because of the rising costs, of course, and a lot of those voters, they’re concerned that they cast a vote for Kamala Harris, but she’s responsible for that,” he said, asking, “So how do you reach those voters? What do you say to those voters who may blame her for the economy?”
Inflating to a Tipping Point
As inflation pressures mount, economic indicators reveal a complex landscape where rising costs clash with official narratives, pushing public awareness toward a critical tipping point.
by Dave Fairtex
Chris Martenson’s Peak Prosperity
Consumer Economy
Auto/Light Truck Sales (ALTSALES); +3.24% m/m, (prior -3.91% m/m)
Producer Prices (PPIACO); -1.16% m/m, +1.06% y/y
CPI All Urban (CPIAUCSL); +0.18% m/m, +1.93% y/y
Auto/light truck sales have been (mostly) chopping sideways for the past year or so; this month’s increase didn’t cause any sort of breakout from this range. Auto sales are down maybe 10% from the highs set during the Orange Hitler years.
PPI is slowly moving lower – that’s disinflationary – it (mostly) tracks energy prices.
The deliberately understated CPI says “inflation is under control”: +0.18% m/m (2.16% annualized). How are your auto insurance or sickcare costs? Wolf:
What if There’s No Landing at All, but Flight at Higher Speed and Altitude Than Normal, with Higher and Rising Inflation?
by Wolf Richter
Wolf Street
That scenario is re-emerging as a real possibility in recent economic data.
When the Fed cut its policy rates on September 18, it looked at labor market data showing a sudden slowdown of job creation to weak levels, and it looked at decent consumer spending data, so-so income growth, and a very thin and plunging savings rate. And the trends looked lousy.
But starting 11 days after the Fed’s decision, the revisions and new data arrived. And the whole scenario changed.
Alasdair MacLeod: Inflation Isn’t Finished but the Dollar Soon May Be
by Chris Powell
GATA.org
Dear Friend of GATA and Gold:
GoldMoney research director Alasdair Macleod, speaking three weeks ago to a conference sponsored by Southbank Investment Research in London, warned that inflation is far from finished and that the decline and fall of the U.S. dollar and the rise of gold will continue as much of the rest of the world looks for new ways of conducting international trade.
His remarks were 18 minutes long and can be viewed at Vimeo here:
As Economists Are Today, Milton Friedman Was Incorrect About Inflation
[Ed. Note: We’ll find out soon enough… It seems unlikely that history will remember the name ‘John Tamny’ before it remembers ‘Milton Friedman.’]
by John Tamny
Forbes
In a video that’s gone viral, the late Milton Friedman correctly asserts about inflation that “consumers don’t produce it,” and “producers don’t produce it.” Only for Friedman to go off track with the observation that “too much government spending” does produce inflation.
Ignored by Friedman was that governments aren’t some kind of other capable of extracting spending power from Pluto, rather governments only have the power to spend insofar as they can extract the spending power from the private sector first. All spending, whether by individuals, businesses, or governments, follows production.
Vance Vindicated: Egg Prices Are Up Nearly 40% as Food Inflation Surges Again
by John Carney
Breitbart.com
J.D. Vance was right: the price of eggs is soaring.
The vice presidential hopeful made headlines last when he pointed to the rising price of eggs as evidence of the failed economic policies of the Biden-Harris administration.
“Look at the prices here. Things are way too expensive, and they’re way too expensive because of Kamala Harris’ policies,” Vance said.“Eggs, when Kamala Harris took office, were short of $1.50 a dozen. Now, a dozen eggs will cost you around $4, thanks to Kamala Harris’ inflationary policies.”
Critics attacked Vance, arguing that egg prices were not as high as he claimed. But Vance was more correct than his critics, who were relying on old data.
The Inflation Train is Arriving On Schedule, and the Labor Train is Departing
by David Haggith
GoldSeek
The Fed’s financial plans are running off the rails already. With summer just gone by and the Fed’s first rate cut barely out of the station, already the bond vigilantes are pushing bond interest rates back up, and voting Fed members are already talking about stalling their future rate cuts—all due to inflation being back on the rise. The timing of inflation’s arrival is as I expected, but it is not at all what the Fed was hoping to see.
Bond investors are referred to as “vigilantes” when they bring true justice to interest rates by going in the opposite direct of what the Fed intends because keeping the market in sync with reality demands it. They do this when they smell inflation stinking up the air like a dead rat in the walls of the house because they don’t want to lose to inflation as they wait to maturity to get their money back out of bonds.