On Dec 31 2020, a barrel of oil cost 47.50,
Today it costs 74.05-----a 56% increase.
Progress???
I have access to a guy who has worked for ICE for a number of years. He often rides
a horse at the Southern Border.
He said that the month of Dec 2020, was the quietest, least problem month of his time with ICE.
He said now is the most chaotic, most tumultuous, most dangerous, time at the Southern Border that he has encountered.
Progress???
The Core PCE (Personal Consumption Expenditure with no food or energy component) is the
favorite inflation measure of the Fed (Federal Reserve).
For Dec 2020, PEC measured a 1.45% increase, year over year, in inflation.
Today it measures a 3.39%, increase in inflation year over year.
At 3.39% inflation per year, a dollar goes to 50 cents in 21 years.
At 3.39% inflation per year, a dollar goes to a quarter in 42 years.
Progress???
