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« What's the Deal With Drudge? | Main | Morley Safer: Reporters, but Not the Public, Should "Know Better" Than to Adulate Reagan »
June 15, 2004

Tame Inflation Deflates Kerry Camp

Inflation is tamer than expected:

"It means we're back to the best of everything -- we'll have higher rates but slowly and methodically rather than that half point jump everybody was getting a little bit more concerned with," said John Hughes, market analyst at Shields & Co., who believes the data showed the Fed doesn't need to go 50 basis points this month.

As predictable as Michael Moore huddling over the shrimp bar at a wedding reception, the New York Times hypes the rise in the consumer price index, although that's not the best predictor of inflation, and even though the rise in consumer prices just tells us what we already know (i.e., the price of gasoline spiked).

But Greenspan says the Fed must be prepared to respond to "threats" to the economy, including another possible terrorist strike. I'm not a Greenspan watcher, but what this sounds like to me is Greenspan proposing an alternative reason to hike interest rates.

Inflation may not be a threat, but terrorism is, and so the Fed will raise rates, if only to have the power to lower them dramatically if necessary.

There are three constants in the universe: the speed of light, the cosmological constant, and Greenspan thinking that now would be a great time to raise rates.

Donald Luskin takes diminutive dean Paul Krugman to task for always predicting soaring inflation, or at least always predicting soaring inflation during Republican administrations. The paranoid Princetonian never seems to get around to explaining why his previous predictions have been so woefully off the mark.


Rasmussen finds investor and consumer confidence surging. On the other hand, he finds Bush and Kerry knotted up again at 46%.

Modest cowbell:

No cowbell for this:

New York State's growth exceeds national growth.

Nice for New York, but Bush isn't going to win in New York. Can't all those growing New York businesses relocate to Ohio?


Update: The University of Michigan's survey of consumer confidence shows a huge gain:

The University of Michigan's preliminary survey of consumer confidence for June showed its sentiment index rose to 95.2 from a final reading of 90.2 in May, according to sources who saw the subscription-only report, breaking a two-month decline.

Economists polled by Reuters had forecast a fall to 89.9 as record-high gasoline prices and geopolitical concerns were expected to have offset some of the optimism over the improvement in the labor market...

"The rebound in hiring over the past three months is finally affecting consumer attitudes about the economy. However, the improvement in sentiment has been relatively sluggish," said Steven Wood, economist at Insight Economics.

"Although sentiment remains well below its levels of the late 1990's, further job gains will push it higher," he said.


posted by Ace at 12:40 PM
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One race to keep an eye on: the Levi's heir nepo baby and egregious "Designated Liar" Dan Goldman -- one of the Democrats from a safe district Democrats send out to spread their most indefensible lies -- may actually lose his lower Manhattan/Brooklyn set due to, get this, antisemitism in the Democrat primary electorate.
Antisemitism? In the anti-Nazi Democrat Party? Sounds crazy, I know, but apparently the anti-Nazi Party wants to eliminate Jews.
Henry Rosoff
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Oh my Totenkopf Tattoo, that is a DRUBBING!
I'm usually very anti-antisemitism but if the Communist Antisemite Jihadists can pull this one off, Go Communist Antisemite Jihadists, Go!
Democrat Senator Rueben Gallego, who served his wife with divorce papers when she was nine months pregnant so that he could marry his side-piece, counsels us that we should not judge Graham Platner for his infidelity because these things are personal matters, Racists:

Sahil Kapur
@sahilkapur

Sen. Ruben Gallego, D-Ariz., on Platner: "We know that Graham has lived not your typical political experience. He's been very clear and open with his wife, and they worked through whatever they worked through. At the end of the day, this man has had 60 more town halls than Susan Collins has. He's winning the polls, he's willing to accept that he has grown as a person, and I think we should accept that."

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I like that he says that it's okay that Graham Platner sexted 12 different women within months of marrying the woman to sponge off her because he wasn't then "living a political life" -- the clear meaning being, "We all cheat, we just don't cheat when we're running for office, and he didn't know he was running for office when he was sending dicpics to half the women he ran into."
Except he was running: His own wife turned the sexts over to his campaign.
And obviously Reuben Gallego didn't let his "political life" get in the way of his extramarital dating life:
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Funny -- if you don't mind clicking on TikTok. "Amy.Pranks.22" set up an AI scam-call screener which replies to a foreign scammer trying to get her bank information with Trumpian bluster. This might be fake because I don't see how a program can respond in real time, but it's funny.
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From the CA Post:

Spencer Pratt is now Karen Bass' biggest headache.

A bombshell California Post poll conducted with McLaughlin & Associates shows the reality TV star-turned-mayoral candidate has surged to a statistical tie with the incumbent mayor.

And voters blame homelessness, affordability and the direction of Los Angeles as the reason for turning on Bass.

Pratt now leads the field with 30.1% support, compared with 29.5% for Bass, setting up a razor-thin race heading into next week's primary.

Socialist councilwoman Nithya Raman sits in third place at 23.4%.

Thanks to beckster
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Gee I wonder where they might have met
Oh and she's a vegan
When Corey Booker needed a "girlfriend," he conjured up known LGBTQ activist Rosario Dawson. How convenient that when these guys need a girlfriend to show off to the normies that just happen to find an activist with a strong history of and interest in Supporting Gay Men
But seriously, this James Talarico romance with a Neighbor with a Uterus is a love story for the ages. The passion of their lovemaking is hotter than a blue star with a core of Primordial Sex Atoms created in the Big Bang
And just like that, #PunchANazi became Punch a Ballot for a Nazi
"Teen" charged with five counts of attempted murder after attempting to run down police officers with his car in yet another "teen takeover" permitted by woke racist incompetent Chicago mayor Brandon Johnson
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Future Tucker Carlson guest James Talarico:
James Talarico
@jamestalarico

Black Americans in a church.

Mexican Americans in a store.

Asian Americans in a spa.

Radicalized white men are the greatest domestic terrorist threat in our country.

He's referring to three mass attacks committed by white men in, oh, the past six or eight years. There were a huge number of mass shootings and bombings he had to skip over to cherry pick three committed by white men. Which kind of makes me think that "white men" are not the greatest terrorist threat in our country.
No, I doubt he'll be a guest on Tucker Carlson. The only thing that Tucker clings to that he claims makes him "conservative" is a palpable hatred of gays. Any time there's a communist enslaving their population and executing dissenters and conservatives, Tucker praises that dictator by saying "at least he represses the homos!"
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