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6
Posted on 7/28/22 at 10:25 am to Cosmo
quote:
Probably. It was inevitable the way they printed money during covid
Even Trump couldnt stop that
Posted on 7/28/22 at 10:38 am to Cosmo
quote:
Probably. It was inevitable the way they printed money during covid
This. Completely out of control.
Posted on 7/28/22 at 10:59 am to Cosmo
Covid spending is the wafer thin mint. Nobody wants to accept that the QE for the last 10-12 years is the big culprit especially when it comes to inflation. We kept interest rates ridiculously low for the last 10 years because we wanted spend spend spend. Buy a new house, get a 60k truck....finance it all. Then take out Home Equity lines do an addition to the house, granite counters, wood floors. shite, take out the HELOC, buy that truck....the interest is cheaper and up until recently tax deductible. Wall Street was using cheap money for stock buy backs. Then comes Covid and the spending on that. Covid stimulus becomes the tipping point and then Putin invading Ukraine becomes the guy that feeds the mint to the fat man.
We would have probably started to feel the effects of inflation starting about now even without Covid if everyone on here had gotten Trump's and many other's wish to lower rates to zero 4 years ago. Probably not as severe as it is currently, but it was bound to happen.
We would have probably started to feel the effects of inflation starting about now even without Covid if everyone on here had gotten Trump's and many other's wish to lower rates to zero 4 years ago. Probably not as severe as it is currently, but it was bound to happen.
Posted on 7/28/22 at 11:27 am to Cosmo
quote:Were that the cause, USD depreciation would be the result. It wasn't. It isn't.
It was inevitable the way they printed money during covid
The cause of inflation in this instance is not monetary devaluation. It is diminished supply in the face of baseline demand. The supply-driven premise centers on energy/oil.
Posted on 7/28/22 at 2:02 pm to Cosmo
quote:
It was inevitable the way they printed money since we ditched the Gold Standard
Fify
Posted on 7/29/22 at 10:12 am to Cosmo
quote:
Even Trump couldnt stop that
Are you fricking stupid? Biden did EVERYTHING he could to ensure a recession. The ATTACK on energy being the biggest. There is NO WAY President Trump would have done that.
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