Inflation spikes 1.3 percent in June l ABCNL

U.S. inflation rose to a four-decade high in June due to rising prices in gas, food and rent, according to data by the Labor Department.

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33 thoughts on “Inflation spikes 1.3 percent in June l ABCNL

  1. coincident that when soviet union invaded Afghanistan that inflation shoot to the sky during those periods in 1970 to 1980??Now US latest inflation figure is 9.1% .It is the economy stupid exclaimed Ronald Reagan !! Which country will suffered the highest inflationary dire consequence if US continued to accede to sanctimonious beggar Zelensky for more weaponry whereby prolonging this needless war that will be the demise many country to become bankrupt such as Sri Lankan.You do not need an economist tell you who will prevails. As well as taking the current affairs into it.The Russian Ruble will be again be the best currency for 2023 and follow by Yuan.

    That is not necessary a good thing US dollar Weaker currency means more business. US had repeatedly complained about China artificially keeping its currency down. Lower the currency, more business.why Yuan ?cos Rubles and Russia cannot function by itself just like North Korea after thousand of sanction. currency by itself is redundant in a global economy.Countries with the Highest Default Risk in 2022.In May 2022, the South Asian nation of Sri Lanka defaulted on its debt for the first time. The country’s government was given a 30-day grace period to cover $78 million in unpaid interest, but ultimately failed to pay.Not only does this impact Sri Lanka’s economic future, but it also raises an important question: which other countries are at risk of default?To find out, we’ve used data from Bloomberg to rank the countries with the highest default risk.The Sovereign Debt Vulnerability Ranking.Bloomberg’s Sovereign Debt Vulnerability Ranking is a composite measure of a country’s default risk. It’s based on four underlying metrics:

    Government bond yields (the weighted-average yield of the country’s dollar bonds) 5-year credit default swap (CDS) spread. Interest expense as a percentage of GDP. Government debt as a percentage of GDP.To better understand this ranking, let’s focus on Ukraine and El Salvador as examples.
    Country Rank Government Bond
    Yield (%) 5Y CDS Spread Interest Expense
    (% of GDP) Government Debt
    (% of GDP)
    🇸🇻 El Salvador 1 31.8% 3,376 bps
    (33.76%) 4.9% 82.6%
    🇺🇦 Ukraine 8 60.4% 10,856 bps
    (100.85%) 2.9% 49%

    1 basis point (bps) = 0.01%
    Why are Ukraine’s Bond Yields so High?Ukraine has high default risk due to its ongoing conflict with Russia. To understand why, consider a scenario where Russia was to assume control of the country. If this happened, it’s possible that Ukraine’s existing debt obligations will never be repaid.That scenario has prompted a sell-off of Ukrainian government bonds, pushing their value down to nearly 30 cents on the dollar. This means that a bond with face value of $100 could be purchased for $30.

    Because yields move in the opposite direction of price, the average yield on these bonds has climbed to a very high 60.4%. As a point of comparison, the yield on a U.S. 10-year government bond is currently 2.9%.What is a CDS Spread?Credit default swaps (CDS) are a type of derivative (financial contract) that provides a lender with insurance in the event of a default. The seller of the CDS represents a third party between the lender (investors) and borrower (in this case, governments).

    In exchange for receiving coverage, the buyer of a CDS pays a fee known as the spread, which is expressed in basis points (bps). If a CDS has a spread of 300 bps (3%), this means that to insure $100 in debt, the investor must pay $3 per year.Applying this to Ukraine’s 5-year CDS spread of 10,856 bps (108.56%), an investor would need to pay $108.56 each year to insure $100 in debt. This suggests that the market has very little faith in Ukraine’s ability to avoid default.
    Why is El Salvador Ranked Higher?

    Despite having lower values in the two metrics discussed above, El Salvador ranks higher than Ukraine because of its larger interest expense and total government debt.According to the data above, El Salvador has annual interest payments equal to 4.9% of its GDP, which is relatively high. Comparing to the U.S. once more, America’s federal interest costs amounted to 1.6% of GDP in 2020.When totaled, El Salvador’s outstanding debts are equal to 82.6% of GDP. This is considered high by historical standards, but today it’s actually quite normal.

    The next date to watch will be January 2023, as this is when the country’s $800 million sovereign bond reaches maturity. Recent research suggests that if El Salvador were to default, it would experience significant, yet temporary, negative effects.Another Hot Topic for El Salvador: Bitcoin.In September 2021, El Salvador became the first country in the world to adopt bitcoin as legal tender. This means that Bitcoin is recognized by law as a means to settle debts and other obligations.

    The International Monetary Fund (IMF) criticized this decision in early 2022, urging the country to revoke legal tender status. In hindsight, these warnings were wise, as Bitcoin’s value has fallen by 56% year-to-date.While this isn’t directly related to El Salvador’s default risk, it does open potential avenues for relief. For instance, large players in the crypto space may be willing to assist the government to keep the concept of “nation-state bitcoin adoption” alive.

    China is till the biggest manufacturer in the world.USA tried to tariff China,end up with 100 of billions of trade deficits.Russia can do without India but not China(it is still the biggest importer of oils and gas)China economy is 20 trillions after xi unrelenting drive versa a pathetic economy less then 5trillions ,if US dollar increase it rate to fight another inflation like its did the 1970 to 1980 from rate increase from 10 to 20 % to flight inflation of mere 10% .Emerging economy will be torn and tatter economy just like other which US hegemony always do but while other are at the mercy of USA or embracing the next best currency such as China,it can sell it the reserve of $1 trillion in the treasury dollar back to US protecting it economy.Therefore Ruble for oils combing with yuan is the greatest threat to US petrol dollar.both combination to be reserve currency is not a disillusion anymore far !!

    Russia too tries to weaken it's currency like reducing the interest rate and reducing the cap on rubles from 80% to maybe 50% and all that.A balanced currency is what is important.Now this are unusual events. And Russia is willing to have an unacceptable powerful currency just to cause more damage to unfriendly nations.Russia continues to demand payment from them in Rubles. This creates an unprecedented demand for the currency, increasing its value.It is a fact that Russia will shut EU gas thereby making unfriendly EU to have the coldest winter making Goldman sac and Morgan prediction that oils could go to stenographic level like $300 abortive if Russia threat is carry out fully.

    Let's agree on one thing. The prognosis of the coming winter in Europe is not good.Even with their propaganda on how they are working hard to replace Russia as its energy supply. Their storage tanks are less then half full, lignite burning furnaces at power plants closed for years are been restarted. Forget the environment. And rationing is already been announced.Even if all the LNG ships on earth are diverted to supply Europe alone, they can not fully replace Russian piped gas

    The reality is that there is a limit to how much a population will accept before heads start rolling, and the western Europe know that. When the cold and economy really bites in another few months. EU will again start twisting to be able to buy more Russian energy. Forcing the Ruble in which they have to pay, up.So the Ruble will enter 2023 as the best currency, Russians like it or not.

    Especially when there is an active war on the Petrodollar is on.Why isn’t the US doing anything about China’s growth in power?
    Did you just wake up, Mr. Rip Van Winkle? The US has been doing tons to try and “contain” China… * spread propaganda rhetoric and disinformation in an attempt to turn public opinion against China * interfere in Chinese commerce by banning Huawei and SMIC * interfere in Chinese politics using the CIA in Hong Kong ,Tibet ,Xinjiang…

    Psychologically, the Panda & the Bear have left the west by far intelligently, foresightedness, arguably, logically, spiritually, mentally, economically, politically, energetically, militarily.China surpassed all the Western efforts to curb their economy & military.Then, west is using the very few options they are left with to dismantle the world economy.China the global leader Economically, the west just won't agree easily because they'll look weak. The west don't wanna see anybody on-top of them Economically & Militarily. That's why they wanna bring about chao

  2. Remember the Russia hoax people, when Democrats lied, and lied AND lied for years even to their own constituents. Fool me once shame on you, fool me twice shame on me. Same routine as the Kavanaugh, Gorsuch & Russia smears, they bring in another version of Christine Blasey Ford for sworn 'here say' testimony LOL. These "hearings" are literally ran by some the same liars who perpetrated the Russia hoax hearings which proved to be completely BS created by the Democrats themselves and cost taxpayers millions & millions all to GET TRUMP. Its not just Biden who is corrupt, the Democrats hid Biden in his bunker from the American people, the press, because they knew he had at the least cognitive issues and early stages of dementia. Today's Democrat party is corrupt to the core. This committee is a collection of anti Trumpers Thompson, Raskin, Shiff, Aguilar. Just another attempt to smear Trump at taxpayers expense. Pelosi handpicking two Republicans RINOS, Liz Cheney & Adam Kezinger to make it appear fair and non partisan is not only slimy but an insult to your intelligence. Zero credibility for this firing squad. Democrats aren't even good at corruption.

  3. Whomever is the real person in charge of the country is scared to death of white supremacists. There answer is to literally flood the country from all over the world. Next on the list is to give them the right to voter or citizenship. Mayorkas is a pawn for Biden. Joe Biden is a pawn for ? Have you seen all the pregnant woman crossing the border? $15K a child birth with no complications. Schools, from K-12 it costs taxpayers on average of $122,000 for EACH illegal alien student. This does not include the millions spent on bilingual ED, instructors, daycare. School class size's are negatively impacted and our students suffer as a result. $3Million Dollars a DAY is spent to incarcerate, process Illegal aliens in the Criminal justice system. $2.2 Billion dollars a year is spent on food assistance program. Emergency services, every police, fire,paramedic for city & states increase dramatically. Taxpayers pay for all hospital, emergency room treatments, ambulances. Our children and grand children will be pay for this in the future as we will now.

    …………………..It's a great plan! Allow an invasion and the American taxpayers pay for the invaders themselves.

  4. Is your socialist State Representative listed?
    Congressional Progressive Socialists who recently voted “NO” on the bill to protect USSC Justices and their families. To this date the federal government has not supplied protection for the justices at their homes. Demonstrators at the Justices homes are in violation of two federal laws. Merrick Garland does nothing. This is the same group that voted for de-funding the police, voting rights for illegal aliens, 'Gun control', and support open borders.

    Maxine Waters (Calif.), Ilhan Abdullahi Omar (MN), Cori Bush (Mo.), Ayanna Pressley (Mass.) Rashida Tlaib (D-Mich.), Alexandria Ocasio-Cortez (N.Y.), Pramila Jayapal (Wash.), Joyce Beatty (Ohio), Jamaal Bowman (N.Y.), , , Adriano Espaillat (N.Y.), Jesús García (Ill.), Sylvia Garcia (Texas), Veronica Escobar, (Texas), Josh Gottheimer, (N.J.), Raúl Grijalva (Ariz.), Steven Horsford (Nevada), , Brenda Lawrence (Mich.), Barbara Lee (Calif.), Norma Torres (Calif.) Tom Malinowski (N.J.), Marie Newman (Ill.), ,Bill Pascrell (N.J.), Donald Payne (N.J.), Ed Perlmutter (Colo.), Mikie Sherrill (N.J.), Albio Sires (N.J.), Nydia Velázquez (N.Y.), and Bonnie Watson Coleman (N.J.)

    *10 of the 28 listed are from NY & NJ.

  5. It just amazes me just the Democrats were willing to rig a presidential election to get the loser we have now and even funnier as they tried to explain all this as being a Improvement over what we had before. I'll take the old guy back any day

  6. The popular in the USA is 330 million people but obesity makes it 500 million. If you don't want to save yourself by eating less, I ask you to at least eat less to save the planet.

  7. Consumers that are obese cannot know how much is enough. People that are obese should not cook or be offered foods. The dilution is for society to feed them in a controlled manner on a voluntary basis. Those that refuse to allow society to prepare their meals should be allow to die from their obesity since society cannot afford the medical costs associated with obesity and we cannot tax companies to pay for tbe obesity caused by school lunches or the free food through welfare.

  8. Doctors have reduced the life span of obesity related disease and the costs have been in the trillions of dollars. If you have obesity related disease the medical model can only kill you early.

  9. If I am on Metformin and my blood sugar or glucose is 95 mg/dL prior to exercising, I would force my body to use protein and fat to produce glucose because it cannot be derived form glycogen. I could develop ketones and lactic acidosis. The latter suggests that people on Metformin should consume more than the required one gram of protein per kilogram of lean body weight.

  10. As He sat on the Mount of Olives, the disciples came to Him privately, saying, “Tell us, when will these things be, and what will be the sign of Your coming and of the end of the age?” Jesus answered them, “Take heed that no one deceives you. For many will come in My name, saying, ‘I am the Christ,’ and will deceive many. You will hear of wars and rumors of wars. See that you are not troubled. For all these things must happen, but the end is not yet. For nation will rise against nation, and kingdom against kingdom. There will be famines, epidemics, and earthquakes in various places. All these are the beginning of sorrows. Then they will hand you over to be persecuted and will kill you. And you will be hated by all nations for My name’s sake. Then many will fall away, and betray one another, and hate one another. And many false prophets will rise and will deceive many. Because iniquity will abound, the love of many will grow cold. But he who endures to the end shall be saved. And this gospel of the kingdom will be preached throughout the world as a testimony to all nations, and then the end will come.” Matthew 24:3‭-14 MEV
    (OBS: In the age of technology, the good news of the kingdom can reach the whole world.)

    There will be signs in the sun and the moon and the stars; and on the earth distress of nations, with perplexity, the sea and the waves roaring; men fainting from fear and expectation of what is coming on the inhabited earth. For the powers of heaven will be shaken. Luke 21:25-26 MEV

    (OBS: In the age of technology, men know what is happening on the inhabited earth, no longer are they limited by local information.)

    Immediately after the tribulation of those days, the sun will be darkened, the moon will not give its light; the stars will fall from heaven, and the powers of the heavens will be shaken. Then the sign of the Son of Man will appear in heaven, and then all the tribes of the earth will mourn, and they will see the Son of Man coming on the clouds of heaven with power and great glory. And He will send His angels with a great sound of a trumpet, and they shall gather His elect from the four winds, from one end of the heavens to the other. Matthew 24:29‭-31 MEV

    (OBS: This is the sixth seal of the book of Revelation, pay much attention here, because the signs of the sixth seal >match< the signs of Matthew 24:29-30, the sixth seal is when the rapture happens; before the great tribulation, before the seven trumpets.)

    When these things begin to happen, look up and lift up your heads, for your redemption is drawing near. Luke 21:28 MEV

    Because you have kept My word of patience, I also will keep you from the hour of temptation which shall come upon the entire world, to test those who dwell on the earth. Revelation 3:10 MEV

    (OBS: Rapture before the time of temptation, which will be the government of the antichrist during the great tribulation.)

    For the Lord Himself will descend from heaven with a shout, with the voice of the archangel, and with the trumpet call of God. And the dead in Christ will rise first. 1 Thessalonians 4:16 MEV

    (OBS: Rapture when the trumpet is sounded by God, just as Matthew 24:31 says. It is not the seventh trumpet, which is sounded by angel.)

    For as in the days before the flood, they were eating and drinking, marrying and giving in marriage, until the day Noah entered the ark, and did not know until the flood came and took them all away, so will be the coming of the Son of Man. Matthew 24:38‭-‬39 MEV

    (OBS: People will not be eating and drinking and marrying during the great tribulation, therefore, rapture will happen before the great tribulation, when people are still distracted.)

    When they say, “Peace and safety!” then sudden destruction will come upon them as labor upon a woman with child, and they shall not escape. 1 Thessalonians 5:3 MEV

    (OBS: Sudden destruction near the rapture.)

    For the mystery of lawlessness is already working. Only He who is now restraining him will do so until He is taken out of the way. Then the lawless one will be revealed, whom the Lord will consume with the breath of His mouth, and destroy with the brightness of His presence, 2 Thessalonians 2:7 MEV

    (OBS: Who is restraining the antichrist from revealing himself? Who is stopping the antichrist from rising? The adopted sons of God; the Holy Spirit in them, to be precise! When the elect are raptured, the antichrist will be free to take over. Rapture will trigger the great tribulation and the government of the antichrist.)

    Two will be in the field; one will be taken, and the other left. Two women will be grinding at the mill; one will be taken, and the other left. Matthew 24:40‭-41 MEV

    (OBS: Rapture.)

    Know this first, that there shall come scoffers in the last days who walk after their own lusts, and say, “Where is the promise of His coming? For since the fathers fell asleep, all things have continued as they were since the beginning of the creation.” 2 Peter 3:3‭-4 MEV

    (OBS: Apostasy of the last days, when more and more men are denying God and going after their own sinful desires.)

    But the day of the Lord will come like a thief in the night, in which the heavens will pass away with a loud noise, and the elements will be destroyed with intense heat. The earth also and the works that are in it will be burned up. 2 Peter 3:10 MEV

    (OBS: The destructions that will happen near the rapture, just as the days of Sodom and Gomorrah; the righteous is rescued and the judgements are poured upon the wicked, and “like a thief in the night” means it will happen when you do not expect, “heavens will pass away” means the sky will vanish as a scroll that is being rolled up, which is mentioned in Revelation 6:14 and Isaiah 34:4.)

    In a moment, in the twinkling of an eye, at the last trumpet, for the trumpet will sound, the dead will be raised incorruptible, and we shall be changed. 1 Corinthians 15:52 MEV

    (OBS: People around the world have been hearing trumpets from the sky in different times, it has been happening for a few years. When the last trumpet sounds, the redeemed will be rescued and the great tribulation will begin. The last trumpet here is not the seventh trumpet; the seventh trumpet is sounded by angel and the rapture trumpet is sounded by God.)

    He causes all, both small and great, both rich and poor, both free and slave, to receive a mark on their right hand or on their forehead, so that no one may buy or sell, except he who has the mark or the name of the beast or the number of his name. Revelation 13:16‭-17 MEV

    (OBS: In the last days, no one will be able to buy or sell without a mark from the government/beast of the antichrist, which will take place during the great tribulation, which is at the door.)

    The fourth angel poured out his bowl on the sun, and power was given to him to scorch men with fire. Revelation 16:8 MEV
    ‘They shall neither hunger any more, nor shall they thirst any more; the sun shall not strike them,’ nor any scorching heat; Revelation 7:16 MEV
    (OBS: In the last days it will get hotter and hotter, but those who are redeemned and saved by the Lord will not suffer from this plague. The hot climate is an inevitable plague from God to judge the world, one of many, and it is not caused by mankind's pollution as satan wants everyone to believe.)

    And I will give power to my two witnesses, and they will prophesy for one thousand two hundred and sixty days, clothed in sackcloth. Revelation 11:3 MEV

    When they have finished their testimony, the beast that ascends from the bottomless pit will wage war against them and overcome them and kill them. Revelation 11:7 MEV

    Those from every people and tribe and tongue and nation will see their dead bodies for three and a half days, and will not allow their dead bodies to be put in graves. Revelation 11:9 MEV

    (OBS: People all over the world will be able to see, this could only happen in the age of technology.)

    But you, Daniel, shut up the words and seal the book until the time of the end. Many shall run to and fro, and knowledge shall increase. Daniel 12:4 MEV

    (OBS: In the last days, many people travel to many places and knowledge is increased.)

    For God so loved the world that He gave His only begotten Son, that whoever believes in Him should not perish, but have eternal life. John 3:16 MEV

    Behold, the Lord of lords is coming soon, repent now of all your sins — turn away from all sins — and abide in the only Savior and Lord Jesus the Christ (Yeshua the Messiah) with all your heart, for the kingdom of heaven is at hand.

  11. There is a limit into how much dietetic carbohydrates are converted to glycogen and most, because of Metformin, is converted to fat that cannot be healthy to obese people that already have a fatty liver.

  12. I conclude during my fasting that Metformin or glucophage must be taken of the market because it is causing serious bodily injured in ways not seen that is compounded by excess glycogen storage in the liver.

  13. I have been intrigued since medical school at UCLA on how the larvae of Taenia solium actively evades the immune system until it dies. The larva suppresses the immune reaction in a very precise manner but otherwise not for other antigens. I am working on this topic.

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