Inflation is a Wildfire that The Fed can’t put out!

Oh boy, it’s Federal Reserve Week. Be prepared, people are gonna have a lot of articles, a lot of pundits giving you their reasoning. The Fed, is the Fed gonna stay higher for longer? What does it mean? The Federal Reserve, and again, I’ve been talking about this for a while, is uh, they’re spinning their tires is what they’re doing. I came to mind today was, um, actually, uh, that classic, my cousin Vinnie. Remember when the, uh, the tire would get stuck in the mud and it would spin and spin and spin and spin and when they went to the court case there and Since the 1964 Skylark had a regular differential which anyone who’s stuck in the mud in Alabama knows you step on the gas, one tire spins, the other tire does nothing. What a great movie. But anyway, neither here or there. That’s what we have going right now when it comes to the Federal Reserve. They can keep raising rates and they can claim, and the media can claim that they’re actually getting somewhere because, oh, look, look at these inflation things, they’re coming down. Sure, I’m going to give credit where credit’s due. Sure, sure, you are speeding up the demise, the inevitable demise of the commercial real estate market. We get that. A lot of small businesses out there having a difficult time. You’re getting rid of a lot of gunk and garbage. No doubt about that. I do think that they’re accomplishing that, but. You know, like she said there, anyone who’s been stuck in the mud in Alabama knows you step on the gas, one tire spins, the other one does nothing. Is anyone who goes to the grocery store knows you put a few items in your cart and you’re perplexed. Where did the money go? You can’t get inflation under control. And this is again, this is part of the garbage that they’ve been shoving down our throats for a very long time. Unless the cost of everyday items drops. That’s the inflation that truly hurts people on an everyday basis. And for whatever reason it may be, again, it’s the whole lie becomes the truth. all of these experts, economists, all right, this Harvard economist, this one, that one, they parade them on these programs there. And they talk about the Phillips curve and wages need to come down, wages need to come down, wages need to go up because people can’t afford to live. And I gotta give kudos to Robert F. Kennedy, who’s been out on the stump and banging the drum on this one. where you get his competitor for the Democratic nomination, Joe Biden, basically, you know, queuing up the Lego movie song, everything is awesome. Bidenonomics is awesome. Everything is great. No, it’s not, Joe. Joe, if it was great, then quite frankly, your approval ratings would be through the roof. They’d be through the roof, especially when your economic approval ratings, which began hovering in the low 30s. This is the reality. Okay, higher for longer. We’re going to have a constant art. We’re going to see a lot of this. Why the Fed isn’t ready to declare victory on inflation. They can’t. And again, in this case, we’re talking about food inflation. You know, at least has to do with ridiculous regulations and, and all sorts of nonsense that are being pushed upon us that makes the cost of everyday items too expensive. The Federal Reserve can’t do a darn thing about it. Watchdog on wallstreet.com.