Nearly every major media outlet has informed us that the market is currently in a soft landing, that cpi has started to stabilize, and that the market is still moving.  ,
But no one experiences that.
This has been the great, intriguing issue for Democrats. Why is it that the market is so awesome, but nobody really believes that?
One explanation is that, contrary to popular opinion, we have not yet defeated prices. Only yesterday, the Wall Street Journal reported:
In March, persistent inflation stresses hampered the Federal Reserve’s ability to start cutting interest rates in June, raising questions about whether it can make cuts this season despite signs of an economic downturn.
The buyer- price index, a measure of goods and services costs across the business, rose 3.5 % in March from a month earlier, the Labor Department said Wednesday. That was slightly higher than economists had anticipated and represented a decrease from February’s 3.2 %. Consequently- called core prices, which exclude volatile food and energy groups, likewise rose more than expected on a quarterly and monthly basis.
This drove the stock business down about 500 points. Tie provides started to rise as a result.
Bottom line: Inflation continues to rise about twice what it should be. The inflation rate is supposed to be around 2 % per year, but it’s currently at 3.5 %. When that is added onto the big inflationary balloon from 2021 and 2022, rates are up around 20 % for most American.
Observe: The Ben Shapiro Show
Joe Biden’s business has never made up those salary loss. Politico is sounding the alarm:  ,
For the past year, President Joe Biden has presided over a positive media market with robust growth, small unemployment, and inflation that is declining.  ,
However, that positive information is getting in the way.  ,
According to the most recent consumer price index report, the cost of living increased faster than expected in March, with costs rising 3.5 % from the previous month. And that means Biden will probably have to endure high interest rates for the duration of the election time, with hopes for a June Federal Reserve rate cut quickly waning.
By at least the next ten years of standards, the Federal Reserve has maintained those interest rates fairly large. That implies that spending is less simple. That implies that Investments are more challenging. Finding the money to really finance your start-up is more challenging. Mortgages are harder to come by.
Usually, that precedes some sort of economic decline, when interest rates are increased, prices is supposed to come along — but areas are even supposed to be impacted. An interest rate increase is supposed to lower rates. That’s the purpose of the interest rate increase: to drive down prices. And that typically comes with an economic heating.
But if the economy is super- heated, that does not happen, and we’ve poured so much money into the economy in 2020, 2021, 2022, and 2023, that the economy does n’t seem like it’s going to slow down anytime soon.
You may argue that supply chain issues were the cause of the price spikes, but they are not nearly as bad as they were during the pandemic, despite the fact that they are also present in areas like the Red Sea. However, prices costs are still far too high.
Even CNN acknowledges that the most recent consumer price report shows that inflation is rising by 3.5 % over the same time last year.  ,
Previous Treasury Secretary under Bill Clinton, Larry Summers, had recently predicted that there would be a significant inflation period after 2020. Because there had n’t been a significant inflationary cycle in the United States for 40 years, people laughed at him. But he was best.
Everyone is experiencing it. Because interest rates are so large, consumers are unsure of their ability to pay their debts on time. If they become ineligible for their expenses, it will be very difficult to pay them back.
All of this is extremely detrimental to Biden. When a connection is made between a remarkable economy, a completely evil foreign policy, and a leader who is no longer with us, that is a poor sign of a successful reelection campaign.
