Crude Oil Hits $122.00

[Rickshaw Man]

Can't wait to see the phony CPI Friday. They will rig the number.

 

[SunTrader]

Rig it huh? Unintentional pun.

Doubt it though.

Last 5 reports:-

estimate actual
0.2% / 0.3%
1.2% / 1.2%
0.8% / 0.8%
0.4% / 0.6%
0.4% / 0.5%

This month's estimate is 0.7% m/m

 

[The_Krakenite]

Look on the bright side, when we are all unemployed and not driving anymore, the price will drop down again. Supply & Demand

 

[MKTrader]

Rig it huh? Unintentional pun.

Doubt it though.

Last 5 reports:-

estimate actual
0.2% / 0.3%
1.2% / 1.2%
0.8% / 0.8%
0.4% / 0.6%
0.4% / 0.5%

This month's estimate is 0.7% m/m

No, he's likely talking about all of the hedonic adjustments and other "magic" used to make inflation, employment, etc. look better. Even mainstream economics is doing semi-ShadowStats, though.
US Inflation Nearer 1980 Peak Than Thought, Summers Group Says (msn.com)

 

[easymon1]

biden sending us oil reserves to europe
https://www.dogpile.com/serp?q=biden+sending+us+oil+reserves+to+europe