The Schaftlein Report | Economist expect 8.8% Inflation number for June. Is this Peak Inflation?

1) Oil dips below $100 per barrel and the Dollar and Euro reach parity. Concerns about energy costs in Europe, war in Ukraine, recession in Europe and Fed raising rates in the U.S. are the reasons. 1A) Federal Reserve on track to raise rates 75 basis points this month 2) Joe Biden's age is NOW the issue as Democrats look to alternatives 3) 46% of Republicans want someone other than Trump. We'll discuss alternatives. 4) 300 Virginia state employees quit rather than return to work in the office. GOOD! 5) "Foot in Mouth - Jill Biden "Hispanic community is as unique as a breakfast Taco". Staff apologizes 6) 60K soldiers could be removed from service for not taking the vaccination even while military recruiting is not achieving their goals. Drew provides analysis. 7) Some bay area cities are banning construction of new gas stations to fight climate change. Meanwhile China plows ahead. Meanwhile, Germany will not retire 11 Coal fired power plant. They will also RE-COMMISSION 17 coal and oil fired plants. So much for climate change when people may freeze. 8) Ukraine war shows no signs of letting up. What will it take to reach a resolution? Timing? 9) Biden to visit Palestinian hospital in East Jerusalem and pledge $100M in U.S. aid in a slap at Israel. 10) Immigration courts have a backlog of 1.8M cases. Deportations are drastically down under Biden as there are virtually no efforts made to enforce the law. Cases are dismissed or courts grant relief even after an order to remove. 70% chance of deportation under Trump, just 24% under Biden. It is a surrender to the invasion