Craig Shapiro:

„RECORD PROFITS TO CUT PRICES

*BIDEN: INFLATION DOWN MORE THAN 60% FROM PEAK BUT MORE NEEDED

This is the narrative from Biden administration as they come to the realization that the Fed is not going to be able to assist them this year with a rate cutting regime because inflation is too damn high.

Blame the companies and their exorbitant profits

Blame OPEC for keeping gasoline prices high

Blame China for...oh who cares, just blame China

Real leadership comes from taking responsibility, not blaming others. The cause of the inflation is the fiscal deficits and the Fed enables the deficits by never allowing the bond market vigilantes to come in and let market pricing dictate some terms to a dysfunctional government.“