Wow, I guess Biden is diabolical. He's causing high interest rates in Germany, too.

[Roland99]

Yes, that's sarcasm. Directed at the GOP who continuously ignore the fact that inflation is a GLOBAL phenomenon and that the US is actually the lowest current inflation rate of the G7 and the Eurozone.

German bond yields near 12-year high as ECB official says rates will need to stay at record for some time
https://www.marketwatch.com/story/german-bond-yields-near-12-year-high-as-ecb-official-says-rates-will-need-to-stay-at-record-for-some-time-224b2d80

Germany’s benchmark borrowing costs moved near to their highest in more than 12 years early Tuesday after a European Central Bank official stressed interest rates would remain at record levels for an extended period in order to damp inflation.

Francois Villeroy de Galhau, ECB member and Governor of the Bank of France, said in an interview with BFM TV, a French news channel: “Inflation is a disease and rates are the medicine. The medicine is starting to work…. We think 4% is a good level. We need to maintain the rates at 4% a sufficiently long time.”

The ECB last week raised its deposit rate by 25 basis points to 4%, its highest ever level as it seeks to bring inflation back down to its 2% target. Data released Tuesday by Eurostat said inflation in the eurozone was 0.5% month-on-month in August and 5.2% year-on-year.

Ten-year German bund yields BX:TMBMKDE-10Y, the continent’s longer-term benchmark, early in the session rose above 2.72%, just a few basis points shy of their highest since July 2011. They later eased back to trade at 2.705%, off less than 1 basis point on the day.

Chart of inflation rates:
https://www.statista.com/chart/30398/inflation-rates-in-g7-countries/

[JohnnyRingo]

1. Not to mention global oil prices!

That's one of the most absurd criticisms I hear about his presidency.
Gas was .32 cents a gallon under TFG.