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The Morning Rant: Inflation!

Inflation is a cold-hearted bitch. It steals our paychecks, and we will never recover the loss. Sure, compensation eventually catches up (mostly), but the gap between rising prices and rising wages is significant.

And inflation destroys any possibility of planning for many companies. How do you budget for next year or next quarter if you simply do not know how much your raw materials are going to cost?

Pricing competition becomes insanely difficult too! Revenue from today pays for product you sell tomorrow, but if inflation suddenly increases by more than you planned, how do you restock? You simply buy less, and...hope!

So this is good news. How the rancid whores in the media are going to spin this is anyone's guess, but decreasing inflation is a very good thing for the economy, and no matter how much they huff and puff and bullsh*t with the numbers, Americans are better off.

Inflation Cools to 2.7 Percent in November, Lower Than Expected

Price pressures may be cooling across the economy, with the 12‑month inflation rate slowing sharply in November.

The annual inflation rate eased to 2.7 percent last month—the lowest level since July—from 3 percent in September, according to the Bureau of Labor Statistics.

Economists had penciled in a reading of 3.1 percent.

The core consumer price index (CPI), which excludes volatile energy and food prices due to their noisy signals, also cooled to 2.6 percent from 3 percent in September. This represented the lowest reading since March 2021.

But even better than moderating inflation is this little nugget of pure golden deliciousness!

Tariff-sensitive items were little changed over the past 12 months.

The apparel index is up 0.2 percent year over year, while the new-vehicle index has risen 0.6 percent over the 12 months ending in November. Additionally, on an annualized basis, appliances have increased by 0.5 percent, smartphones have declined by 9.4 percent, and footwear has dipped by 0.1 percent.

And weren't we told by our betters that tariffs are inflationary? You know, those 26-year-old "journalists" who took one economics class in college and never attended because it was at 8:00AM and they were usually still high! The "journalists" and pundits confidently claimed that a one-time increase in the wholesale price of tariffed products would continue to push their prices up indefinitely. Of course no modern country has ever shifted revenue to tariffs so quickly, and the data simply aren't there to make anything more than a wild-assed-guess!

But they did it anyway, and it looks like they were just a little bit off in their predictions.

Nobody knows whether a tariff-based economy will function as well as President Trump has proclaimed, but the early indications are good, and the naysayers are being proven incorrect. Revenue from the tariffs is robust, which is also proving the President correct.

Last night's presidential address is an excellent start to the administration's focus on communicated to the American people what the President is doing to address inflation, employment, the return of manufacturing to America, the vanishing possibility of home ownership for many young Americans, and other economic challenges that we face.

I hope he keeps hammering home his efforts to redirect our economy toward Americans, and away from illegals, and the leeches of Europe. It is long past time!

[Crossposted at CutJibNewsletter and X/Twitter]. If you folks who are on X/Twitter would follow us it would be much appreciated!