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The economist who correctly predicted today’s inflation is now warning that there’s more to come.
Hundreds of economists employed by the Federal Reserve were apparently blindsided by the current wave of inflation.
Meanwhile, there were economists who got their predictions right.
Not only have they got the overall inflation number right, but they also explained why so many others got it wrong.
Based on their calculation, they expect inflation to continue, though somewhat diminished, for perhaps two more years.
“At the end of this year, I don’t see how inflation … can be less than 7 percent,” said one of the economists, Steve Hanke, during a recent Wealthion interview .
At the end of 2023, he expects the inflation to stay elevated at about 6 percent, year-over-year.
Hanke, professor of Applied Economics at Johns Hopkins University, and John Greenwood, chief economist at Invesco in London, predicted last July that the U.S. Consumer Price Index (CPI), the most popular measure of inflation, would reach at least six percent and as much as nine percent by the end of 2021.The CPI was up 7 percent in December, year-over-year, and hit a four-decade high of 8.6 percent in May.A lot of economists and politicians, including Fed Chair Jerome Powell and President Joe Biden, have blamed idiosyncratic phenomena such as supply chain disruptions and the Ukraine war for inflation. Slay the latest News for free! These factors are secondary, according to Hanke.“This is an old game with the White House and the Fed trying to cover their tracks,” he said in a May interview with Larry Kudlow, former economic adviser to President Donald Trump.It’s true that the pandemic and the related lockdowns have disrupted supply chains.People spent much less on services and much more on tangible goods, which hiked demand for commodities, manufacturing, and shipping.As a result, prices of goods […]
Will America-First News Outlets Make it to 2023?
Things are looking grim for conservative and populist news sites.
There’s something happening behind the scenes at several popular conservative news outlets. 2021 was bad, but 2022 is proving to be disastrous for news sites that aren’t “playing ball” with the corporate media narrative. It’s being said that advertisers are cracking down, forcing some of the biggest ad networks like Google and Yahoo to pull their inventory from conservative outlets. This has had two major effects. First, it has cooled most conservative outlets from discussing “taboo” topics like Pandemic Panic Theater, voter fraud, or The Great Reset. Second, it has isolated those ad networks that aren’t playing ball.
Certain topics are anathema for most ad networks. Speaking out against vaccines or vaccine mandates is a certain path to being demonetized. Highlighting voter fraud in the 2020 and future elections is another instant advertising death penalty. Throw in truthful stories about climate change hysteria, Critical Race Theory, and the border crisis and it’s easy to understand how difficult it is for America-First news outlets to spread the facts, share conservative opinions, and still pay the bills.
Without naming names, I have been told of several news outlets who have been forced to either consolidate with larger organizations or who have backed down on covering certain topics out of fear of being “canceled” by the ad networks. I get it. This is a business for many of us and it’s not very profitable. Those of us who do this for a living are often barely squeaking by, so loss of additional revenue can often mean being forced to make cuts. That means not being able to cover the topics properly. Its a Catch-22: Tell the truth and lose the money necessary to keep telling the truth, or avoid the truth and make enough money to survive. Those who have chosen survival simply aren’t able to spread the truth properly.
We will never avoid the truth. The Lord will provide if it is His will. Our job is simply to share the facts, spread the Gospel, and educate as many Americans as possible while exposing the forces of evil.
To those who have the means, we ask that you please donate. We have options available now, but there is no telling when those options will cancel us. We have our GivingFuel page. There have been many who have been canceled by PayPal, but for now it’s still an option. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!
JD Rucker