Schaftlein Report | Inflation Stuck at 40 Year High

1) Inflation at 8.2% is not going down despite Federal Reserve Rate Hikes. The CPI was .4% translating into a year over year figure of 8.2% The PPI or core rate increased by.6% to translate to a 6.6% increase year over year Americans are struggling to pay their bills. 25% are delaying retirement Mortgage Rates are now 7% 2) Utilities were up 2.9%, Transportation up 1.9% and Medical care rose 1%. Food and Rent increases are also big contributors. 3) Markets are now expected to see a peak Federal Funds Rate of 4.79% in Q-3 of 2023. The Fed Funds Rate needs to be above 5% to bring inflation down according to Larry Summers former Treasury Secretary. 3A) The Fed is expected to increase the Fed Funds Rate by 75 basis points in November and 50-75 basis points in December. 4) Biden claims "Beau lost his life in Iraq". No he did not. Biden can't even remember the cause of death of his own son. Another sign of his mental lack of capacity. He is in LA today and Orange County tomorrow looking for cash from liberals. LA City counsel President resigns after racist remarks uncovered on tape. 5) Polls; Johnson up by 6 over Barnes in Wisconsin. Vance up 1-2 in Ohio. 5A) In our opinion, the Walker/Warnack Senate race in GA will head to a December run off as neither candidate is poised to hit 50%. Potentially Republicans could have 50 seats with the balance of power decided by this run off. 6) Democrats are losing the Crime Issue and it continues to get worse. 7) UN demands Russia return annexed land. 8) We support Troy Aikmans comment about players wearing dresses after horrible NFL call. He should not have said his comment was wrong. All of the Twitter gays, trans gender lovers, radicals and white liberals are outraged. Good, let them be outraged! We don't care about their outrage. 9) Lidblog - Is Biden using federal dollars to help Hunter Biden with his legal issues?