Jim Cramer Says ‘There’s Just Nothing Good Here’ About Biden Inflation Numbers | Eastern North Carolina Now | CNBC anchor Jim Cramer responded to the latest inflation numbers on Wednesday’s broadcast of “Squawk Box” — and he made it clear that President Joe Biden’s economy was not getting better.

Coronavirus Disease 2019 (COVID-19)
    Publisher's Note: This post appears here courtesy of the The Daily Wire. The author of this post is Virginia Kruta.

    CNBC anchor Jim Cramer responded to the latest inflation numbers on Wednesday's broadcast of "Squawk Box" - and he made it clear that President Joe Biden's economy was not getting better.

    Cramer reacted to the numbers released Wednesday morning by the Bureau of Labor Statistics - which saw the Producer Price Index tick up 0.4% in September, after falling 0.2% in August.

    "Prices for final demand less foods, energy, and trade services advanced 0.4 percent in September, the largest rise since increasing 0.5 percent in May," the BLS report read. "For the 12 months ended in September, the index for final demand less foods, energy, and trade services moved up 5.6 percent. ... Most of the September increase is attributable to a 0.6-percent rise in the index for final demand services less trade, transportation, and warehousing."

    An additional breakdown of the numbers from BLS showed that "a major factor in the September increase in prices" was the result of a 15.7% spike in the index for both "fresh and dry vegetables." Other items that saw marked increases in September were pork, chicken eggs, heating oil for homes, and natural gas.

    Cramer's response to the numbers was certainly not positive: "It was just plain bad. There's absolutely nothing to say about it other than it was bad."

    "A lot of people were hoping this number's going to be good, maybe accepting that tomorrow's going to be bad," Cramer continued, adding, "The only thing that's actually even remotely positive about it is that there's nothing that's really shocking to the upside, it's just kind of as bad as it's been."

    "There's no relief here," he concluded. "There's just nothing good here."

    The BLS data and Cramer's response come just one day after CNN aired an interview with President Joe Biden, hosted by veteran anchor Jake Tapper, in which Biden appeared to insist that the United States was not facing - or already in the midst of - a recession.

    WATCH:


    "Should the American people prepare for a recession?" Tapper asked.

    "No," Biden replied, saying that people predict recessions every six months and it "hasn't happened yet."

    "I don't think there will be a recession. If it is, it'll be a very slight recession," he said.

    By the technical definition - which the White House has distanced itself from in recent weeks - the United States already entered a recession after posting negative GDP growth over two consecutive quarters.
Go Back


Leave a Guest Comment

Your Name or Alias
Your Email Address ( your email address will not be published)
Enter Your Comment ( no code or urls allowed, text only please )




South Carolina To Pull Final $200 Million From ‘Leftist’ BlackRock By End Of Year Daily Wire, Guest Editorial, Editorials, Op-Ed & Politics Tulsi Gabbard Tells Rogan That Harris Is ‘Somebody That The Democratic Party Knows That They Can Control’


HbAD0

Latest Op-Ed & Politics

Netherlands is world's second largest exporter of food by value
A new poll shows that Republican voters put Florida Governor Ron DeSantis at the top of deep list of politicians they want to see influence the party’s direction.
Davis Patterson, a bystander during a shooting that left a dozen dead, has been arrested for misgendering the shooter, Blake Jacobson, who is non-binary.
Twitter CEO Elon Musk announced a blanket amnesty for Twitter users permanently suspended from the platform.
With rising interest rates, experts expect the U.K. to remain in a recession into 2024
CNN host Alisyn Camerota and a guest on the network struggled with the gender non-conforming identity of the Colorado “Club Q” shooting suspect.
U.S. State Department officials defended themselves Sunday after awarding Ecuador a grant of over $20,000 for a cultural center to host drag shows for LGBTQ communities in the South American country.
The N.C. Home Builders Association is sharing its concerns about a recent court ruling against an Ashe County asphalt plant.
says schools are for education, not indoctrination

HbAD1

Former Trump administration economic adviser Larry Kudlow blasted President Joe Biden, accusing him of lying about the state of the economy.
President Joe Biden announced his intention to push for new gun control legislation in the lame-duck session of Congress.
Wondering why people actually still vote for Democrats? Believe it or not, there are still Democrat voters out there and we've compiled their top reasons for doing so!
Two NBA players were ejected from a game over the weekend after they engaged in a fight that ended up in the stands.
When I was a tenth grade student, I had the good fortune to have an English teacher named MS. Comer.
While Arizona’s handling of the midterm election has been the focus of media outlets and pundits for some time, California still has more than 250,000 uncounted ballots across the state.
At least two counties in Arizona have confirmed that their certification of the 2022 election will be delayed as the state’s attorney general’s office wrote a letter claiming there’s evidence of “statutory violations” that occurred in Maricopa County on Election Day.
In a shocking statement to police, Paul Pelosi claimed that he was assaulted by a man who threw hammers at him while shouting, "THIS IS MAGA COUNTRY!"

HbAD2

 
Back to Top