BIDENOMICS: Inflation Rate Approaches 40 YEAR HIGH, Biggest Price Jump Since Early 1980s

Joe Biden is a failed POTUS. The worst POTUS of our lifetime. And we are only one year into this nightmare administration.

BIDENOMICS: Inflation Rate Approaches 40 YEAR HIGH, Biggest Price Jump Since Early 1980s

By, December 9, 2021

A new report from financial outlet Bloomberg is shedding more light on the country’s economic recovery, with data showing inflation approaching the highest level in nearly 4 decades.

“Already-hot inflation is forecast to climb even further when November data comes out on Friday, to 6.8%. That would be the highest rate since Ronald Reagan was president in the early 1980s — and in the lifetimes of most Americans,” writes the website.

“Higher prices helped deliver a banner year for U.S. business, which is posting its fattest profit margins since the 1950s. But for Joe Biden’s administration and the Federal Reserve -– who didn’t see it coming — the sudden return of inflation, largely dormant for decades before 2021, is looking increasingly traumatic,” adds the author.

“The question for me isn’t whether inflation will slow,” said an industry insider at Jefferies. “The question is, are we going back to 2? Are we going back to 3? What’s the medium-term destination? And that’s, I think, going to be determined by the labor market.”



Trump: Biden Might Take US to Point of No Return

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