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Authored by Mike Shedlock via MishTalk.com,

Let’s check in on the not exactly impressive energy and inflation results of Biden’s Inflation Reduction Act (IRA)…

Data from the BLS, chart by Mish

Biden’s energy policy has been an inflationary disaster. And make no mistake, the IRA was nothing but energy policy, more precisely, climate policy.

The Inflation Reduction Act Is a Climate Bill

Bloomberg flashback, August 15, 2022: The Inflation Reduction Act Is a Climate Bill. Just Don’t Call It One.

Hoot of the Day: Rhetorical Genius

In retrospect, the name is such a disaster that Biden even admits so.

Green New Deal by Another Name

Biden’s Green-Energy Price Shock

The Wall Street Journal comments on Biden’s Green-Energy Price Shock

How Much Did the IRA Cost?

It’s much worse than Moore suggests.

Inflation Reduction Act Cost

The following chart is courtesy of Penn Wharton.

A year ago I commented The Inflation Reduction Act Price Jumps From $385 Billion to Over $1 Trillion

Bear in mind, the $1 trillion and counting estimate does not factor in higher energy costs for consumers and businesses.

So let me ask again: How Much Did the IRA Cost?

It’s Been a Bloody Month for Bond Market Bulls

If you are a bond market bull, it’s been a tough month. Let’s review what happened, why, and what’s ahead.

US Treasury Yields from the New York Fed as of 2024-04-10

Earlier today I noted It’s Been a Bloody Month for Bond Market Bulls

And there’s much more. Click on the above link for details.