In addition to CPI, we have chained CPI, CPI-wage earners, HICP, a nowcast for PCE, as well as May PCE – market based. The four June price indices are down.
Figure 1: CPI all urban (bold black), CPI-wage and clerical workers (pink), chained CPI (tan), HICP (green), PCE deflator (red), PCE-market based (light blue), all seasonally adjusted, in logs 2021M01=0. Chained CPI, HICP seasonally adjusted by author using X-13 (log transform). Source: BLS, BEA, via FRED, and author’s calculations.
All up circa 16% since Biden took office. Now what motivated this? Oh yea team Trump and Bruce Hall are declaring things have quadrupled in price over this time period. Got it.
Trump allies at Heritage declare 2024 election illegitimate in advance
https://www.msn.com/en-us/news/politics/trump-allies-at-heritage-declare-2024-election-illegitimate-in-advance/ar-BB1pPNCi?ocid=BingNewsSerp
Barbra Streisand kidnapped by Hamas. Antifa-BLM protesters taking over a migrant detention facility. The FBI arresting Donald Trump two days after winning the election. These were among the far-fetched scenarios imagined by a simulation of threats to the 2024 election showcased on Thursday by the right-wing Heritage Foundation. The presentation, delivered at the foundation’s Washington headquarters, stated as a given that the Biden administration was already engaged in a sweeping conspiracy to use multiple forms of federal power to influence the presidential election. It did not supply any evidence. “As things stand right now, there’s a zero percent chance of a free and fair election,” said Mike Howell, executive director of Heritage’s Oversight Project. “I’m formally accusing the Biden administration of creating the conditions that most reasonable policymakers and officials cannot in good conscience certify an election.” The report said a key finding was that the sitting president is the greatest danger to the peaceful transition of power, with no mention of Trump’s efforts to overturn his 2020 loss to keep himself in office. Instead it offered that conclusion as justification for doubting the outcome of the 2024 election and trying to reject anything other than a Trump victory. Trump himself has repeatedly declined to say he will accept the results or rule out a violent response. He has told his supporters that he can only lose through cheating.
You have to hand it to MAGA morons. Their imaginations are truly insane. It’s like when Trump said Joan Rivers voted for him even though she died in 2014.
what in the hell happened to Heritage? There was a stage you could read good stuff from them
A few decent papers in the good old days but even then there was a lot of silliness. But yea – this vintage is horrific.
SiegedSec hacking collective disbands after breaching the US Heritage Foundation
Self-proclaimed “gay furry hackers” announce retirement, but not before releasing chat logs of an online conversation with the Heritage Foundation’s executive director, Mike Howell.
https://www.cyberdaily.au/culture/10813-siegedsec-hacking-collective-disbands-after-breaching-the-us-heritage-foundation
This story gets crazy so read it for yourself. The really crazy thing is what Heritage’s Mike Howell threatened:
Howell referred to the collective as “degenerate perverts” and threatened to out them to the public. After an exchange where Howell threatened the SiegedSec member – named vio – he was talking to with “getting pounded in the *** in the federal prison I put you in next year,” vio asked if Howell would mind if the conversation were shared publicly. “Please share widely,” Howell replied. “I hope the word spreads as fast as the STDs do in your degenerate furry community.”
Oh wow – I guess Howell does not appreciate the truth about his organization coming out!
for all the griping about Biden and his age, let us celebrate the fact that Bidenomics actually worked. inflation is under control and employment is extremely strong. competency matters. trump gave us chaos. Biden gave us a controlled record economy.
I think Prof Chinn put this up mostly for his university students (who will, have already, caught on faster then Menzie’s Middle aged degenerate audience have), just now.
In which case, there’s still hope for America, in these younger people.