Biden-flation Is Behind Us – For Now

In Order To Ensure You Can View All The Graphics, Click Here To View The Hotline In Your Browser ([link removed])
[link removed]
Unleash Prosperity Hotline
Issue #923
12/27/2023
New to the Hotline? Click ([link removed]) here ([link removed]) to subscribe–it's free. ([link removed])

1) Biden-flation Is Behind Us – For Now
Regular Hotline readers know that we’ve been more right on inflation than most prognosticators over the past several years. We predicted that the Biden $6 trillion spending spree would trigger inflation, and sure enough, the CPI surged to 9.2%. We’ve been forecasting for the past 18 months that the inflation rate would fall sharply by following the four forward-looking price and interest rate trends shown below. And so it has come to pass. Inflation has now fallen to 3.2% with no increase in prices in November.

The bad news is that prices are nearly 20% higher than in 2020. The good news is that as we continue to follow these lead indicators of inflation, we think it’s likely that the CPI is trending toward the two percent Fed target. Another Washington spending spree would likely send prices upward again.

Commodity Prices
[link removed]
The CRB index of more than 20 commodities from coal to copper to wheat has fallen from a high of 350 in May of 2022 to 306 this week. We think the Fed should conduct monetary policy by keeping the CRB index at or around 300. Period.

Gold Price
[link removed]
Gold is the ultimate hedge against inflation. The Gold price climbed to $2,068 an ounce in percent days. That’s up about 10% this year, suggesting that investors still have lingering worries about inflation.

10 Year Treasury Interest Rate
[link removed]
Interest rates on the Ten-year treasury bonds have fallen from 4.9% in October to 3.9% percent this week. This indicates declining investor worries about inflation.

TIPS Spread
[link removed]
The ten-year breakeven interest rate spread is 2.2% this week, which indicates that inflation worries have subsided over the past year. This 2.2% spread is only slightly higher than the Fed target rate of 2%.

[link removed] Share ([link removed])
[link removed]: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Fbiden-flation-is-behind-us-for-now%2F Tweet ([link removed]: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Fbiden-flation-is-behind-us-for-now%2F)
[link removed] Forward ([link removed])
View on Website ([link removed])

2) Six Million Americans Have Fled Blue States for Red States Since 2011
When confronted with the evidence that the high-tax blue states are losing people, progressives used to respond that the number of movers is too small to matter.

Not anymore they’re not. Last week’s Census Bureau 2023 state population estimates indicated a strong domestic migration trend from Blue States to Red States (classified by the 2020 Presidential election result).

Overall, the 2021-2023 average Red State gain was 1,593,000. More people than live in Philadelphia or San Antonio (the cities, not the metropolitan areas).

During 2019, the Red State gain was 801,000. More people than live in the cities of Seattle, Denver, Boston, and Washington, and the largest pre-pandemic gain of the decade.

The Red State gains had been strong in the 2010s, nearly doubling from 426,000 in 2011 (more people than live in Minneapolis and Bakersfield). The figure shows the annual net domestic migration to Red states from Blue states from 2011 to 2023.

Nine of the 10 states declining the most in net domestic migration from last decade were Blue. California had by far the largest loss in net domestic migration in the 2020s compared to the 2010s, dropping 262,000 annually. New York declined 114,000.

Eight of the 10 gains were in Red states. The largest gains were in Florida (107,000) and Texas (74,000).

The Table shows 2020's net domestic migration data and the trend compared to the 2010s.

[link removed] Share ([link removed])
[link removed]: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Fsix-million-americans-have-fled-blue-states-for-red-states-since-2011%2F Tweet ([link removed]: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Fsix-million-americans-have-fled-blue-states-for-red-states-since-2011%2F)
[link removed] Forward ([link removed])
View on Website ([link removed])

3) …And Yet the Blue States STILL Don’t Get It: Maryland Democrats Propose Higher Taxes on the Rich
Apparently, the Democrats in Annapolis aren’t reading the Hotline.

A union-funded entity called the Maryland Fair Funding Coalition is running radio and TV ads promoting what they call the "Fair Share Plan," which includes an entity-level tax on small businesses, raising the top individual income tax rate from 5.75% to 7% on regular income and 8% on capital gains, and slashing the estate tax exemption from $5 million to $1 million.

The plan's authors explain this will stick it to rich white people: "The capital gains surtax, corporate tax reform, and millionaires’ estate tax all affect income gained from wealth rather than work. Because of structural barriers built into our economy, the bulk of household assets nationwide are controlled by a small number of wealthy, white households."

Hello! There won’t be any rich left in the state to tax. Just ask New York.

[link removed]

[link removed]
Maryland is already way overtaxed. Only six states impose any sort of inheritance tax. Eleven others have an estate tax. Only one — Maryland — has both. Projections are for state spending to grow over 5 percent a year for the rest of this decade.

Pro-growth forces must fight against tax-the-rich schemes and propose long-overdue reforms in bloated state programs.

[link removed] Share ([link removed])
[link removed]: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Fand-yet-the-blue-states-still-dont-get-it-maryland-democrats-propose-higher-taxes-on-the-rich%2F Tweet ([link removed]: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Fand-yet-the-blue-states-still-dont-get-it-maryland-democrats-propose-higher-taxes-on-the-rich%2F)
[link removed] Forward ([link removed])
View on Website ([link removed])
4) King Charles Goes Green and Goes Political
King Charles is off to a terrible start wearing the crown in Britain.

Last year, when King Charles took the British throne after the death of Queen Elizabeth, we hoped he would retain her scrupulous political neutrality. Instead, he’s using the bully pulpit of the throne to promote climate change radicalism.

At last year’s COP26 climate conference, his warning on climate change was all doom and gloom: “The world is on the brink and we need the mobilizing urgency of a war-like footing if we are to win.” He added that “time has literally run out.” A few weeks ago at this year’s COP28 conference, the world-renowned climatologist declared that the world is “dreadfully far off track” in using fossil fuels and that we are reaching “alarming tipping points.”

Who’s writing his speeches? Paul Ehrlich? The Sierra Club?

Then he used his annual Christmas Day message – which is traditionally a time for an uplifting and patriotic message to scold his fellow Brits by saying “We must protect the Earth and our natural world." He doesn’t seem to understand that prosperity leads to a better environment.

We wish the King would stick to the script of promoting peace, ending world hunger, and keeping Britain great rather than trying to stop the rise of the oceans.

[link removed]
[link removed] Share ([link removed])
[link removed]: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Fking-charles-goes-green-and-goes-political%2F Tweet ([link removed]: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Fking-charles-goes-green-and-goes-political%2F)
[link removed] Forward ([link removed])
View on Website ([link removed])
5) It Is So Scary That This Woman Is Just One Heart Beat Away From the Presidency
Kamala is back to speaking gibberish again. Get a load of this classic and incomprehensible word salad from our esteemed vice president on MSNBC last week. We urge you to watch the video:

You know, every election cycle we talk about this is the most election of our lifetime.

Lawrence, this one is, this one is. We are literally talking about people who are attempting to divide our country in the most crude, frankly, and profound way...

I have been fortunate and blessed during the course of being vice president to have many situations where it becomes too clear me that there are people… of every age and gender, by the way, who see something about being the first that lets them know they don't need to be, um, limited by other people's limited, um, understanding of who can do what.

[link removed]

You can watch the video by clicking the image below:

[link removed]
[link removed] Share ([link removed])
[link removed]: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Fit-is-so-scary-that-this-woman-is-just-one-heart-beat-away-from-the-presidency%2F Tweet ([link removed]: https%3A%2F%2Fcommitteetounleashprosperity.com%2Fhotlines%2Fit-is-so-scary-that-this-woman-is-just-one-heart-beat-away-from-the-presidency%2F)
[link removed] Forward ([link removed])
View on Website ([link removed])
6) The Democrats Plan to Save Democracy

============================================================

Know anyone else who would appreciate the Hotline? Please direct them to subscribe at: ** [link removed] ([link removed])

Have an idea for an item that should be in our newsletter? Send us any charts, statistics, heroes/villains, or humor that you’d like to see featured!
** Twitter ([link removed])
** Facebook ([link removed])
** [link removed] ([link removed])
Copyright © *2023* *Committee To Unleash Prosperity*, All rights reserved.

This email was sent to [email protected] (mailto:[email protected])
why did I get this? ([link removed]) unsubscribe from this list ([link removed]) update subscription preferences ([link removed])
Committee to Unleash Prosperity . 1155 15th St NW Ste 525 . Washington, DC xxxxxx-2706 . USA