The data is always fascinating to read when one looks at the context and of course, political quagmires hide the truth.
Especially when the hatred for President is supplanted with a rotten and disruptive social agenda.
One has seen consecutive 44 days of an increase in gasoline prices with – ban the fracking and crack the socialism agenda – ups the ante
When was this rate last seen – 1986, 7.24% rising from 4.58% in 1985 and followed by a dip to 4.17% in 1987?
As more debt gets added with Monetary tools running out – Asset Purchase/ Rates etc – where is the US heading – Fastest train wreck to 200% debt to GDP or even higher and interest costs perhaps the #1 line-item on Spending[1].
Welcome to Néw Unionized Progressive agenda vision of Mr. Obama.
Note:
1. The views expressed here are those of the author and do not necessarily represent or reflect the views of PGurus.
References:
[1] EP-121: Fed to leave rates unchanged till 2023. India-BD border sees highest illegal immigration – Mar 19, 2021, PGurus.com
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