Watchman Report June 13, 2021 "The Inflation Numbers"

 

BIDENOMICS A DISASTER!

NATIONAL INFLATION NUMBERS   

LUMBER +250%

GASOLINE +56%

HOME PRICES +24%

HOTELS +7%

CLOTHING +30%

MICROCHIPS +25%

GENERAL MERCHANDISE +7.2%

BABY & HOUSEHOLD CARE ITEMS +5.2%

NEW CARS +9%, HIGHEST IN 68 YEARS

USED CARS +27%

FRUIT +6.2%

FOOD +4%

COFFEE FUTURES +24%

EATING OUT +3.7%

STEAK +20%

MEAT +2.7%

PORK +59%

POULTRY +.7%

MILK +6%

CORN AT 13 YEAR HIGH

SOYBEANS +23%

WHEAT +21%

COST OF GROWING YOUR OWN FOOD +10.5%

SWEETS +2%

https://thehill.com/opinion/finance/552890-growing-inflation-is-bidens-hidden-tax-on-working-americans

https://moneyweek.com/economy/us-economy/602921/will-bidens-stimulus-package-fuel-global-inflation-and-how-can-you

Trump Warns of Massive Inflation, Says Under Biden Energy Independence is Gone

Monday, June 7, 2021 Former President Trump warned of “massive inflation” on Monday, adding that U.S. energy independence is “gone” under President Biden. Trump told “Varney & Co.” that he is currently “very concerned” about the state of the economy. He noted that he thinks inflations is “going to be rampant” and “very bad” and that the U.S. is already experiencing higher prices for food, gas and lumber. “We had energy independence when I left (office). Gasoline was $1.87, now it’s going to be double that. It’s going to be triple and quadruple that.” Trump told host Stuart Varney. Trump also told Varney he believes boosted unemployment benefits are preventing people from wanting to go back to work, causing a labor shortage. “Nobody wants to go back to work so that’s a problem.” Trump said, adding that “nobody has ever seen anything like this.”

Only 3 people out of 13 think the economy is booming

These are the highest prices in 8.5 years

Biden nominated for the Hoover & Jimmy Carter Economic Prizes

We now have 400 oil well rigs pumping oil, under Trump we had 1100 wells pumping oil!