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Started By
Message
re: Treasury Secretary Yellen Says She Was Wrong About Inflation
Posted on 6/1/22 at 9:48 am to SouthEasternKaiju
Posted on 6/1/22 at 9:48 am to SouthEasternKaiju
quote:
To be fair, nobody could possibly have seen this coming.
Sure you could. There were many signs when Potato took office.
0
Posted on 6/1/22 at 9:52 am to Thib-a-doe Tiger
The myth is that he fixed the inflation problem when in fact he poured gasoline on the fire. The exact same thing is happening right now with a few twists: 1) we are more indebted and 2) our population isn't booming so the demand expansion in these last few years was artificial and exasberated by changing the way we consume via Covid policy. Consumer prices are getting hit because of supply constraints in 2022 not demand from Treasury checks. A higher IOER would do nothing to reduce those pressures and is more likely to cause more damage just like the 70s. Pile on the Ukraine conflict and the East beginning to decouple from the Eurodollar system to make things worse and the worst possible time.
Posted on 6/1/22 at 10:27 am to SouthEasternKaiju
quote:
To be fair, nobody could possibly have seen this coming.
Pretty sure the time-traveling marvelous orange bastard tried to warn us. He warned of $7 a gallon gas under Biden. Now he is saying they could hit $10.
Add to that even Obama warning us not to underestimate Joe's ability to frick things up and here we are...
Posted on 6/1/22 at 10:30 am to BamaScoop
Posted on 6/1/22 at 10:44 am to lowhound
Inflation happened therefore it actually is limited in scope compared to the relevance on the past time it occurred under a supply chain/fake virus economy.
Posted on 6/1/22 at 10:46 am to lowhound
Squirrelly rat faced commie.
Posted on 6/1/22 at 10:48 am to SouthEasternKaiju
quote:
To be fair, nobody could possibly have seen this coming.
Agreed......except for the fact they were warned, lol
Posted on 6/1/22 at 10:50 am to the LSUSaint
The press needs to keep pushing them on the term "transitory", and ask when costs will be slashed.
I know they won't but maybe someone with some balls will
I know they won't but maybe someone with some balls will
Posted on 6/1/22 at 10:51 am to BamaScoop
quote:proof?
It’s called price gouging when everyday citizens Jack the price up during a time of serious demand but not when oil companies and others do it!
Posted on 6/1/22 at 11:09 am to wutangfinancial
quote:
supply constraints in 2022 not demand from Treasury checks.
Disagree to an extent. Covid got the ball rolling, but the supply chain is fricked because of labor shortages. Most supply chain jobs are low skill/low pay jobs that were abandoned with free money and aid floating around. Many of them were able to make as much or more money by staying home. All exacerbated by the same issues in less developed countries where most of the inputs into our supply chain come from.
Posted on 6/1/22 at 11:16 am to Homesick Tiger
quote:
Seriously, has anyone in Biden's admin done anything right worth noting?
They’ve immensely helped gun shop owners.
Posted on 6/1/22 at 11:37 am to lowhound
She should get a job doing the weather on a local TV news show.
That way she would be paid less for being wrong all the time.
That way she would be paid less for being wrong all the time.
Posted on 6/1/22 at 11:46 am to lowhound
quote:Not only could she not see this shite coming but once she did, it took her a long-arse time to fully understand the effects that boosted energy, boosted food prices, and supply bottlenecks would have?
“There have been unanticipated and large shocks to the economy that have boosted energy and food prices and supply bottlenecks that have affected our economy badly that I didn’t, at the time, fully understand.”
81,283,098 votes, folks!!!!!!
Posted on 6/1/22 at 12:13 pm to lowhound
quote:
There have been unanticipated and large shocks to the economy that have boosted energy and food prices and supply bottlenecks that have affected our economy badly that I didn’t, at the time, fully
Just say Biden administration
Posted on 6/1/22 at 12:16 pm to Bwmdx
Just when I thought I'd heard all of the dumbest crap out of Dems mouths, suddenly a new one, even dumber one, comes out of one of their mouths.
How can Dem jackasses be so stupid to believe even their own lies? I mean really, pet rocks are smarter..............
How can Dem jackasses be so stupid to believe even their own lies? I mean really, pet rocks are smarter..............
Posted on 6/1/22 at 12:16 pm to tiger7166
quote:
Just say Biden administration
I might almost forgive her malfeasance if she did
This post was edited on 6/1/22 at 12:23 pm
Posted on 6/1/22 at 12:22 pm to Wtodd
quote:could you try to be less naive.
At least she's consistent; she's been wrong about everything
Posted on 6/1/22 at 12:58 pm to Homesick Tiger
quote:
Seriously, has anyone in Biden's admin done anything right worth noting?
Yes.
Several of the administration and staff have quit. That's definitely the right thing.
But that's all I've got.
Posted on 6/1/22 at 1:03 pm to lowhound
Well she's an idiot. She needs to be removed from office.
Posted on 6/1/22 at 2:20 pm to Thib-a-doe Tiger
Labor is a means of production so I was implying that it contributes to a supply chain disruption. Basically the whole issues stems from 60 years of exporting our manufacturing capacity.
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