Shit must've got real here last night.
Inflation surges 9.1% in June, accelerating more than expected to new 40-year high
The Labor Department said Wednesday that the consumer price index, a broad measure of the price for everyday goods, including gasoline, groceries and rents, rose 9.1% in June from a year ago. Prices jumped 1.3% in the one-month period from May. Those figures were both far higher than the 8.8% headline figure and 1% monthly gain forecast by Refinitiv economists.
It marks the fastest pace of inflation since December 1981.
https://www.foxbusiness.com/economy/inflation-surges-june-hitting-new-40-year-high
Bradley Cooper Is Dating Anthony Weiner’s Ex and Hillary Clinton Confidante Huma Abedin
https://www.breitbart.com/entertainment/2022/07/13/report-bradley-cooper-is-dating-anthony-weiners-ex-and-hillary-clinton-confidante-huma-abedin/
When Elon Musk came to the White House asking me for help on all of his many subsidized projects, whether it’s electric cars that don’t drive long enough, driverless cars that crash, or rocketships to nowhere, without which subsidies he’d be worthless, and telling me how he was a big Trump fan and Republican, I could have said, “drop to your knees and beg,” and he would have done it…
Now Elon should focus on getting himself out of the Twitter mess because he could owe $44 billion for something that’s perhaps worthless. Also, lots of competition for electric cars!
https://gab.com/realdonaldtrump/posts/108636870849131432
Bank of Canada surprises with 100-bp rate hike as inflation risks gather steam
https://www.reuters.com/markets/rates-bonds/bank-canada-surprises-with-100-bp-rate-hike-inflation-risks-gather-steam-2022-07-13/
Stocks fall as Wall Street braces for huge hike in rates
Stocks are falling on Wall Street Wednesday after a highly anticipated report on inflation turned out to be even worse than expected.
The S&P 500 was 0.8% lower in early trading, and Treasury yields jumped as expectations built for the Federal Reserve to hike interest rates drastically to slow the nation’s rocketing inflation.
The Dow Jones Industrial Average was down 260 points, or 0.8%, at 30,720, as of 9:57 a.m. Eastern time, and the Nasdaq was 0.9% lower.
https://apnews.com/article/inflation-covid-health-stock-markets-asia-57a87007f1c09f2fbbe1d1c825953b02
Dollar jumps, euro breaks parity after consumer prices surge
https://www.reuters.com/markets/europe/euro-clings-parity-traders-wait-us-inflation-2022-07-13/
Been like that for me for the last hour.