To be fair, some of Biden’s inflation was a reasonable tradeoff for continued needed Covid related stimulus. However, some entities, such as apartment owning hedge funds, appear to have colluded with one another to raise rents 30% in one year. Historically, rents have been a lagging inflation indicator. Annoyingly, CNN seems to have actively “Promoted” this raising of rents. Where is Biden on this issue? Some manufactured products and especially many services have not seen their costs rise nearly as much as the prices they chose to raise. Greed is the word? Then again, I am a beneficiary of much higher freight rates myself, so maybe it is hypocritical for me to rant. However, when I think of retirees and those in entry level jobs, I feel bad for the financial squeeze many of them are going through. A squeeze that appears to be a significant factor in Biden’s low job approval polls.
