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re: Powell no longer believes inflation will reduce
Posted on 5/14/24 at 10:52 am to OysterPoBoy
Posted on 5/14/24 at 10:52 am to OysterPoBoy
quote:
The fact that it was ever higher than 0 shows that she shouldn't have the job.
So we should have had negative inflation?
1
Posted on 5/14/24 at 10:53 am to wutangfinancial
quote:
QE doesn't prop up anything. Congressional spending does. Our domestic economy has basically been issuing debt and pulling forward demand for the past 15 years.
Quantitative easing played a significant role in the post-pandemic rise in inflation across advanced economies. Quantitative easing has a stronger inflation effect than conventional monetary policy. This has important implications for the debate on how much conventional monetary policy tightening is required to return pandemic-era, quantitative easing-generated inflation back to target.
OMG - Are you SERIOUS?
This post was edited on 5/14/24 at 10:58 am
Posted on 5/14/24 at 10:55 am to WWII Collector
quote:
Saved up 24K for a new house. Pre-covid they were selling for about 60K...
What kind of house?
Posted on 5/14/24 at 10:55 am to RaoulDuke504
Soooooo, not transitory? 
Posted on 5/14/24 at 10:55 am to RaoulDuke504
quote:
I make 75k a year and still struggle with no kids.you need to make 100k to be middle class now
Aren't you a flaming liberal?
Posted on 5/14/24 at 10:59 am to RaoulDuke504
quote:
I make 75k a year and still struggle with no kids. You need to make 100k to be middle class now
I make $125k with a stay at home wife and two foster kiddos, if I still lived in Florida, I'd be living pay check to pay check. Thankfully we moved to Missouri which is far more affordable to live. Also generate some passive income by renting out the apartment above my workshop on AirBnB. My sister lives in the DC metro and makes less than me, I don't know how the heck she gets by.
Posted on 5/14/24 at 11:00 am to RaoulDuke504
Say hello to fiscal dominance.
https://www.cato.org/blog/threat-fiscal-dominance-will-us-resort-money-printing-finance-rising-debt-challenge
https://www.cato.org/blog/threat-fiscal-dominance-will-us-resort-money-printing-finance-rising-debt-challenge
Posted on 5/14/24 at 11:03 am to rebeloke
All the generations younger than GenX are living through their version of the Carter years.
Difference between today and 1979 is that Carter actually cared he was doing bad. These people are doing this on purpose to make people more dependent on their election, that is the whole point.
Difference between today and 1979 is that Carter actually cared he was doing bad. These people are doing this on purpose to make people more dependent on their election, that is the whole point.
This post was edited on 5/14/24 at 11:05 am
Posted on 5/14/24 at 11:05 am to CreoleTigerEsq
quote:
It's kind of both of their faults, considering both signed off on trillions of government spending during COVID that had no economic productivity associated with it, resulting in the inflation we've been dealing with over the last three years.
Why either of these guys is a choice for President blows my mind.
The difference is that Trump would be deregulating, cutting the fed slow-mo strangle hold on business, opening up the oil and gas industries full tilt, cutting taxes, stopping illegal immigration and a host of things to foster business. That's how inflation was 1.4% when he left office.
Biden has done the opposite at every turn under the guidance of his gaggle of Marxist hens.
Posted on 5/14/24 at 11:06 am to WWII Collector
quote:
Biden has destroyed the saving of us Boomers
Troll? You Boomers lived through the greatest period of prosperity and have no savings?
Sounds like you need to pull yourself up by your bootstraps and work harder.
Posted on 5/14/24 at 11:08 am to GoldenGuy
quote:
Unfortunately, both Millennials and Gen Z are shite at getting to know each other
How young do you think Millennials are?
quote:
They find a roommate.
I don't disagree, but 5 years from now it will be "Get a 2nd roommate, only eat beans/rice, and stare at the ceiling for fun during your free time.
Seems the older generations enjoyed plenty of economic prosperity at the same age, yet are asking the younger generations to do away with those same things just to survive.
Why is talking about the COST of everything rising okay, but pointing out that wages/salaries remain stagnant in relation to those rising costs is frowned upon as if those people are being lazy or need to basically only eat/sleep/work with no life enjoyment?
Posted on 5/14/24 at 11:08 am to Revelator
quote:
So please tell me why the average Joe citizen is still spending and traveling like they are fine?
Draftkings
Posted on 5/14/24 at 11:10 am to moneyg
quote:
Aren't you a flaming liberal?
I stopped being a liberal in 2018 after I found out the Russia collusion was a hoax and Dems revealed themselves to be willing to destroy the country if it means they can retain power
Posted on 5/14/24 at 11:10 am to BearCrocs
quote:
Tell me how someone making 50k a year can afford:
Rent/Mortgage
Car Payment
Groceries
Basic necessities of life.
Especially if someone like this lives in a studio apartment and can't stock up on good deals when you come across them.
Posted on 5/14/24 at 11:13 am to Auburn1968
quote:
Trump would be deregulating,
Everyone should be aware that regulations are hidden taxes.
Car prices could be lowered by getting rid of airbag requirements, noise regulations, bumper regulations, fuel economy regs.
A VW bug type car could be built again and be somewhat affordable.
Yes it's more risky safety wise but so is a dead economy.
Posted on 5/14/24 at 11:15 am to dcrews
quote:
Seems the older generations enjoyed plenty of economic prosperity at the same age, yet are asking the younger generations to do away with those same things just to survive.
What’s worse is they reaped the rewards and slammed the door behind them.
The were making 35k per year and bought homes for 20k.
Now those homes are worth 500k, then they vote to block more homes being built and cheaper residential complex keeping their prices high. Then they take out equity and scoop up the last remaining affordable homes to flip them or turn them into air bnbs.
They also refuse to retire or bring in young people to learn their career and trades in fear of being replaced.
Posted on 5/14/24 at 11:18 am to TrueTiger
quote:
Everyone should be aware that regulations are hidden taxes.
Exactly. And before we start sucking off Carter as some benevolent president like a poster just did ITT, go look at Carter's barrage of regulations across the board and tell me he didn't know what he was doing. Hell Biden is just piggy-backing in a lot of ways of what shite for brains Carter did. If this continues, stagflation will be right up our arseholes.
Posted on 5/14/24 at 11:18 am to ronricks
quote:
The inflation we have experienced the last 3 years is BOTH Biden and Trump's fault. One started it the other kept the fire going.
It actually started in 2008. It spiraled out of control in 2020, but we’ve had nearly two decades of abysmal monetary policy
Posted on 5/14/24 at 11:20 am to Auburn1968
quote:
The difference is that Trump would be deregulating, cutting the fed slow-mo strangle hold on business, opening up the oil and gas industries full tilt, cutting taxes, stopping illegal immigration and a host of things to foster business. That's how inflation was 1.4% when he left office.
Maybe. Certainly Trump's philosophy towards the economy and business was better than what we're seeing from the current Potato in Chief.
Average Inflation Rate per Year:
2000: 3.4
2001: 2.8
2002: 1.6
2003: 2.3
2004: 2.7
2005: 3.4
2006: 3.2
2007: 2.8
2008: 3.8
2009: -0.4
2010: 1.6
2011: 3.2
2012: 2.1
2013: 1.5
2014: 1.6
2015: 0.1
2016: 1.3
2017: 2.1
2018: 2.4
2019: 1.8
2020: 1.2
2021: 4.7
2022: 8.0
2023: 4.1
Was Barack Obama's philosophy and actions towards oil & gas, taxes and other things to foster business which kept average annual inflation from 2013 through 2016?
Posted on 5/14/24 at 11:21 am to Antonio Moss
quote:
It actually started in 2008.
TARP I in GW Bush's last year.
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