Wholesale price measure was flat in February, compared with expected increase

[Bernardo de La Paz]

1. That is Biden killing inflation. tRump fuckups haven't begun to bite much yet. They will. He will own it.

Tariffs have only just been enacted against China in February (10%) and again in March (jacked up to 20%). Tariffs against Canadian metals just two days ago.

Government job cuts have started slowly but are gaining speed. It takes time for such things to ripple through the economy. If a sandwich shop is dependent on those lost employees buying lunch, it can be 2, 3, 4 months before it actually folds.

Low-wage labour supply is smaller by a bit already, but could get a lot smaller.

Stagflation is a real possibility.