Latest inflation report came out today (BLS is the Bureau of Labor Statistics): Annual inflation via BLS just out: 42.9% airline fares33.1% utility gas30.5% eggs18.2% gasoline17.2% chicken15.7% coffee15.2% milk14.7% bread10.1% furniture9.2% vegetables8.2% all items8.2% fruit8.1% ham7.6% women apparel7.2% used cars6.7% rent3.7% men apparel — Ryan Struyk (@ryanstruyk) October 13, 2022 Core inflation excludes energy and food, so we get to say that inflation is at 8.2%, which is still the highest in 40 years, but most of the items on that list are energy and food, and many are a lot higher than 8.2%, so the 8.2% number doesn’t do justice to the enormity of current inflation. Biden economic adviser Jared Bernstein said this: What the president said was that a recession is far from inevitable and I think what he was referring to there is the strength of our job market. Look, you just don’t have a recession when… Read more →