Joe Biden, when not busy collecting "donations" from foreign nations for his errant son or brother, is busy touting the inflation-fighting effects of Bidenomics.
This morning’s report shows core inflation fell to its lowest level in two years – down 60% from its peak as unemployment stays below 4%.
— President Biden (@POTUS) October 12, 2023
Our plan is delivering, but the job’s not done. I’ll continue fighting to lower costs and grow our economy from the middle out and bottom up.
There is just one problem: as the following "tale of the tape" from the latest Flow Show note (available to pro subscribers) by Wall Street's biggest bear, Michael Hartnett, inflation is nowhere near to easing and here's why: "a box of Girl Scout cookies price up from $5 to $6 this season; can’t blame them given restart of US student loan payments, end of subsidized childcare, home & auto loan costs at 20-year highs (30-year mortgage rate at 8%) and TV streaming services raising prices."
