Last Gasp For The US Economy? Ripped From The Headlines, April 1, 2024
Prices Going Down Means People Would Buy Less? AT&T Mega Data Breach, Bird Flu In Dairy Cattle - Read, Share, & Subscribe - SherlocExposes.com
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“Many Americans are in a sour mood about the economy for one main reason: Prices feel too high. Maybe they’re not rising as fast as they had been, but average prices are still painfully above where they were three years ago. And they’re mostly heading higher still.
Consider a 2-liter bottle of soda: In February 2021, before inflation began heating up, it cost an average of $1.67 in supermarkets across America. Three years later? That bottle is going for $2.25 — a 35% increase.
Wouldn’t it be great if prices actually fell — what economists call deflation? Who wouldn’t want to fire up a time machine and return to the days before the economy rocketed out of the pandemic recession and sent prices soaring?
At least prices are now rising more slowly — what’s called disinflation. On Friday, for example, the government said a key price gauge rose 0.3% in February, down from a 0.4% gain in January.
But those incremental improvements are hardly enough to please the public, whose discontent over prices poses a risk to President Joe Biden’s re-election bid.
‘Most Americans are not just looking for disinflation,’ Lisa Cook, a member of the Federal Reserve’s Board of Governors, said last year. ‘They’re looking for deflation. They want these prices to be back where they were before the pandemic.’’
Many economists caution, though, that consumers should be careful what they wish for. Falling prices across the economy would actually be an unhealthy sign.”
THINGS TO PONDER:
If you can stomach a word salad, it’s worth reading the article on AP News…
If not, understand that at the end of the economic road… when the grifters have just about squeezed all that they can out of you… they come out with a piece like this…
Inflation is bad, and so is deflation.
WHAT?
Here’s their explanation:
“Although lower prices may seem like a good thing,’’ Banco de España, the Spanish central bank, says on its website, “deflation can in fact be highly damaging to the economy.’’
How so? Mainly because falling prices tend to discourage consumers from spending. Why buy now, after all, if you can purchase what you want — cars, furniture, appliances, vacations — at a lower price later?
The reality is that the economy’s health depends on steady consumer purchases. In the United States, household spending accounts for around 70% of the entire economy. If consumers were to pull back, en masse, to await lower prices, businesses would face intense pressure to cut prices even more to try to jump-start sales.
So if prices dropped… people would buy less?
WOW.
These people are like caged animals right now - not sure what they are going to do to survive, but it won’t be good for you.
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“Information including addresses, social security numbers and passcodes was published on the dark web, the US telecoms giant said. AT&T said it had not identified evidence indicating the data had been stolen but had brought in cybersecurity experts to investigate.
The breach appears to be from 2019 or earlier and is linked to 7.6 million customers and 65.4 million former account holders.
It also includes information such as full names, email addresses and dates of birth, though AT&T said financial information had not appeared in the leak.
In February, a major outage impacted tens of thousands of phone users, which prompted an apology from the firm and an offer of $5 credit for those affected.
Prosecutors in New York launched an investigation into that episode, which left people unable to use their phones for around 12 hours.”
THINGS TO PONDER:
Big Brother hits another home run protecting your data!
(Insert sarcasm here)
“Your Data Is Safe… With The Largest Nationwide Network!”
Or something like that… or whatever BS they say.
Except, it isn’t safe…
Apparently, ever.
Then there’s this part:
The breach appears to be from 2019 or earlier and is linked to 7.6 million customers and 65.4 million former account holders.
WHAT?!?!
It looks like the patients are running the asylum…
Yikes!
Click Here to read the full article.
“A person in the US state of Texas is recovering from bird flu after being exposed to dairy cattle, officials said Monday amid growing concern over the current global strain of the virus as it spreads to new species.
It is only the second case of a human testing positive for bird flu in the country, and comes after the infection sickened herds that were apparently exposed to wild birds in Texas, Kansas and other states over the past week.
‘The patient reported eye redness (consistent with conjunctivitis), as their only symptom, and is recovering,’ said the Centers for Disease Control and Prevention (CDC). They were told to isolate and are being treated with the antiviral drug used for the flu.
The CDC added that the infection does not change its bird flu human health risk assessment for the US general public, which it rates as low. The first US bird flu case in a human occurred in a Colorado prison inmate in 2022 -- however, that was through infected poultry.
Experts are worried about the increasing number of mammals infected by the current H5N1 strain of Highly Pathogenic Avian Influenza (HPAI) and its potential spread between mammals, even as cases among humans remain highly rare.”
THINGS TO PONDER:
Bird Flu through dairy cattle…
Let that sink in for a second…
HOW IN THE HADES DOES SOMETHING LIKE THAT EVEN HAPPEN?
That’s the right question.
Friends, the “polycrisis” is real.
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