USA 2020 Elections: Thread

[grarpamp]

Immediately after Biden "won" the election, all
inflation, debt, and other metrics for "bad" launched
up on new trajectories and haven't relented yet.

Biden and his wokester ProgDems now polling under 39%
approval and falling, not because of gas prices which have
actually fallen a bit, but because they and their policies suck.

Actual CPI to the real consumer is around 15%.



Bloomberg 'alt-Misery' Index (combining the inflation rate and the
percent of Americans not participating in the workforce). It is
currently at 40 year highs of 'Misery'...

This 'alt-Misery' Index dovetails strongly with The Fed's own survey
findings today that "Perceptions about households' current financial
situations compared to a year ago deteriorated in  March, with more
respondents reporting being financially worse off than they  were a
year ago. Respondents were also more pessimistic  about their
household's financial situation in the year ahead, with fewer
resondents expecting their financial situation to improve a year from
now."

And bear in mind tomorrow is CPI day... and The White House has
already warned of "extraordinarily elevated" March inflation (no doubt
entirely due to Putin, of course).

    “Due to Putin’s Price Hike™️” 🙄 pic.twitter.com/yD9GY2p2ni
    — Ramp Capital (@RampCapitalLLC) April 11, 2022

And there's no need to worry, because as Chicago Fed president Charles
Evans said today, "we will know a lot more about persistent inflation
the end of the year" and (here's the best line), he is "hopeful it's
receding..."

So The Fed is now in the business of "hope"!