whatyareckon

By Joseph Vazquez ~

The Bloomberg Opinion Editorial Board had a bit of a red pill moment on how bad the inflation crisis actually is, but didn’t lay any blame at the feet of President Joe Biden and the Federal Reserve.

In an editorial headlined, “The Fed Has a Narrow Path Between Inflation and Recession,” the editorial board sounded alarm bells that “the Fed’s prospects for curbing inflation while avoiding recession are fast receding.”

The board conceded that the “some analysts” who hoped the “worst was over” were “mistaken,” as ”prices continue to rise quite broadly, and in an extraordinarily tight labor market they’re dragging wages down with them.”

But when it came to holding the “transitory” apologists at the Fed and the Biden White House accountable for their disastrous policies that underscored much of the 40-year-high inflation spike, the editors flinched and blamed other things instead. “To…