[BBC via Yahoo:] Trump says he 'loves the inflation' as US prices rise at fastest rate in three years
First few sentences:
> Donald Trump has said he "loves the inflation" facing the US as prices in May rose at their fastest rate in three years.
>The US president said the "numbers were great" when asked about Bureau of Labor Statistics (BLS) figures showing prices rose by 4.2% in May from a year earlier.
>The increase, from 3.8% in April, was largely driven by rising energy costs in the wake of the US Israel war in Iran.
> Speaking from the White House, Trump said: "I love it. The numbers were great. You know what? I really love the inflation."
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So, does this make ANY sense to ANYone?
Maybe. • A certain amount of your brokerage balance increasing can be attributed to inflation, not just fundamentals. • This allows him to continue to demand interest rate cuts, if he truly doesn't give a shit about the consequent inflation. And • when Social Security payments get raised in November due to higher-than-normal inflation, he'll say *"Look at all that free money that* ***I got for you****."*