More ruinous news about Biden’s economy was released this week. The U.S. Bureau of Labor Statistics (BLS) reported on Thursday that the producer price index – a “family of indexes that measures the average change over time in selling prices received by domestic producers of goods and services” – is up 11% from a year ago and down slightly from March’s record 11.5%.
The earnings growth rate is being outpaced by inflation.
Wall Street is also struggling. The S&P 500 is down nearly 19% since the end of December – wiping out more than $7 trillion in market value from blue-chip
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