Prickly City by Scott Stantis for May 29, 2024

I believe the Fed is doing their best to even out trumps $7 trillion gift to American tax payers

My mom’s mother’s day balloon is still floating up at the ceiling.

The Fed has a very limited set of tools they can use. Market concentration and favorable tax treatment for the very rich and for patriotic multinational corporations make it difficult for those limited tools to be effective, especially in a timely manner.

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In the meantime, inflation is just one more ‘issue’ for MAGAts to weaponize and LIE about.

Inflation is nowhere near when it was in double digits and it took a recession/depression to bring down in 1975 and 1982. Before Nixonomics 3% was considered high, but economic growth spread throughout the economy, not just to the corporations and the rich, so a mild downturn took care of it. Before Reaganomics, it all depended upon growth. I found a pattern in 1979 in which one could predict inflation two years later which I revealed in LinkedIn a decade ago, but since Reaganomics, it is now irrelevant.

Greed

This story arc would have been tolerable a few years ago. This smacks of inflation “truther”. The Fed’s done. Driving by rear view mirror is dangerous.

Like I said earlier, “Be prepared when it bursts.” I don’t see Carmen or Winslow with a parachute. But then a lot of people don’t have one when it comes to financial situations which is probably why personal debt is at an all time high."

This strip is in a fact free fall.

IF dump gets back in he plans to slap a 10 percent tariff on every import. That’ll fuel inflation like none other and you can expect even higher interest rates

We going back to gold and silver coinage?

According to the Harvard Business Review: “The U.S. Economy’s Soft Landing Is Still on Track.”

All indicators point to the fact that the Biden administration’s economic policy and the Federal Reserve managed to thread the needle and avoid a recession.

So forgive me if I don’t subscribe to the “sky is falling” hysteria of a comic strip.

Particularly one with such a lousy track record as the one Stantis owns.

A booming economy is going to be accompanied by some inflation.