The Empire Strikes Out! US Producer Price Index Final Demand (Inflation) Hits 10% As NY State General Business Conditions Crash (Russia Winning Economic Demolition Derby With Ukraine)

Bad news. Its the same all over the world.

The US Producer Price Index (PPI) final demand rose 10% YoY in February, further evidence of spiraling inflation under Biden/Pelosi/Schumer’s reign of error.

And speaking of Senate Majority Leader Chuck Schumer (D-NY), the Empire State Manufacturing Survey (General Business Conditions) crashed to -11.8.

And Russia is losing the economic demolition derby with Ukraine (at least for sovereign debt).

I am still trying to figure out what House Speaker Nancy Pelosi (D-San Francisco) meant by “When we’re having this discussion, it’s important to dispel some of those who say, well it’s the government spending. No, it isn’t. The government spending is doing the exact reverse, reducing the national debt. It is not inflationary.”

Really Nancy?

Here is a chart of Federal government outlays and inflation. Massive expenditures and growth in Federal debt and the resulting inflation. Nancy?

Here is House Speaker Nancy Pelosi trying to figure out the cause of inflation in the US.

One thought on “The Empire Strikes Out! US Producer Price Index Final Demand (Inflation) Hits 10% As NY State General Business Conditions Crash (Russia Winning Economic Demolition Derby With Ukraine)

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