Reply to U.S. Annual Inflation rose to 6.8% in November

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]PPI today shows that companies are passing big extra costs down the pipeline they ultimately end up to consumers. Today's numbers portend ugly March CPI numbers.  Companies that don't have pricing power are having their margins squeezed big time by this inflation. It could mean layoffs.  Powell and the fed are almost criminals at this point letting inflation get this out of control.   It is absolutely INSANE they are still quantitative easing and [b][b]buying things like MBS[/b]. The QE machine should have been turned off a year ago, and the Fed's massive bloated balance sheet that's creating so much social l chaos and asset price distortion should be rapidly deflated.   This is getting out of control. [/quote]

Now I’m getting nervous.  When you wrote MBS, I thought of 2008 for some reason.[/quote]

Yes, the Fed is literally STILL buying crap like mortgage backed securities.  It is absolutely mind warpingly stupid given the insane level of price increases in the housing markets that are now showing up in rents.  The Fed is causing tons of social chaos and human misery by making housing so unaffordable.  Yet they still keep buying even with this level of inflation.  Utterly absurd.  They are destroying the middle class, destroying everyone's life savings, and throwing gasoline on the fire of wealth inequality in this country. WHAT THE HELL IS THE FEDERAL RESERVE DOING!!!  They should fly in with emergency rate hikes just for starters.  In fact, emergency rate hikes should have been done yesterday....yet they continue to drag their feet and keep pumping QE.  [/quote]

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