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Started By
Message
re: Biden hasn’t even been in office a year.
Posted on 7/22/21 at 3:12 pm to CA Jones
Posted on 7/22/21 at 3:12 pm to CA Jones
quote:They're part of it, but not that much. And, again, why do you think fuel prices are "high"?
Fuel prices have a great deal to do with our inflation problem. It affects the cost of everything. Transportation costs go up… companies have to raise prices that will ultimately be passed on to the consumer.
This is one of the reasons most government statistics don’t include energy and food costs. They say these prices are too volatile. Yet they’re very important.
Look, you're never going to get me to defend MMT. It's just that this hyper-doomsdayism sounds just like the shite after the financial crisis. Hyper inflation! Money printing! And yet, it really has only happened now - 12 years later, and on the back of this pandemic crap which has greatly fricked a lot of things.
What I've noticed is that the stock market being up is only good if Trump is president. When it's Obama/Biden, then it's "funny money". When it's Trump, it's great! Same with the hand-wringing about ZIRP. Yet nobody seemed to care at all when Trump was jawboning the Fed about raising rates.
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Posted on 7/22/21 at 3:13 pm to Big Scrub TX
Stock market going up with dropping prices is a good thing.
Stock market going up with increasing prices is a bad thing.
The former was what we saw during Trump.
Stock market going up with increasing prices is a bad thing.
The former was what we saw during Trump.
Posted on 7/22/21 at 3:15 pm to Big Scrub TX
quote:
There’s a national labor shortage
Caused by a politician?
Yes. Literally, on purpose, and admitted by him
Posted on 7/22/21 at 3:16 pm to Big Scrub TX
quote:
It's just that this hyper-doomsdayism sounds just like the shite after the financial crisis. Hyper inflation! Money printing! And yet, it really has only happened now -
We’ve been in a downward spiral since 2001.
Posted on 7/22/21 at 3:18 pm to teke184
quote:
Chile circa 1973.
So when do we start tossing commies from helicopters?
Posted on 7/22/21 at 3:20 pm to Big Scrub TX
quote:
The costs are due to inflation or the inflation is due to the costs?
Inflation is due to dem O&G policy, lockdowns destroying supply chains, fed pumping, unsustainable interest rates, and a demand spike that a labor-short economy cannot handle.
All 100% avoidable.
quote:
Caused by a politician?
When workers are paid the equivalent of a 43k per year salary to stay home with no end in sight, and the president’s response is to flippantly tell already decimated small business owners to “pay more” while his refusal to end covid related unemployment programs have desperate states refusing this money, yes that’s absolutely his fault.
Posted on 7/22/21 at 3:32 pm to Nguyener
as long as Trump is out, i dont give a shite tbh
Posted on 7/22/21 at 3:47 pm to Tiguar
quote:We had deflation under Trump?
Stock market going up with dropping prices is a good thing.
Stock market going up with increasing prices is a bad thing.
The former was what we saw during Trump.
Posted on 7/22/21 at 3:48 pm to Vacherie Saint
quote:Well, we'll find out soon enough if your simplistic formulation is accurate. The red states have basically ended the stay-at-home payments and the blues haven't.
When workers are paid the equivalent of a 43k per year salary to stay home with no end in sight, and the president’s response is to flippantly tell already decimated small business owners to “pay more” while his refusal to end covid related unemployment programs have desperate states refusing this money, yes that’s absolutely his fault.
Posted on 7/22/21 at 4:01 pm to Big Scrub TX
The people like yourself always ignore the problem of how these huge deficits are going to be repaid. With the excess liquidity in our economy and the Fed’s repurchasing of debt, we’re in a very precarious situation. With the extreme low interest rates caused by Fed interference, money has no place to go except into equities. Also, equities do provide good hedge against inflation.
When the Fed does have to exit this unsustainable policy, the rates will explode. Money will exit the Equity Market like never before. I wouldn’t feel financially safe with most of money in equities.
When the Fed does have to exit this unsustainable policy, the rates will explode. Money will exit the Equity Market like never before. I wouldn’t feel financially safe with most of money in equities.
Posted on 7/22/21 at 4:02 pm to Big Scrub TX
quote:
Well, we'll find out soon enough if your simplistic formulation is accurate. The red states have basically ended the stay-at-home payments and the blues haven't.
Simplistic huh?
Joe Biden said publicly that this was his scheme to force wages upward. Economy be damned! Is he a simpleton? We might actually agree on something.
Posted on 7/22/21 at 4:03 pm to Nguyener
quote:
What is this country going to look like by midterms?
14th lockdown, 9th trillion dollar+ stimulus package, and democrats will win by margins that exceed total population numbers
Posted on 7/22/21 at 4:21 pm to Big Scrub TX
What’s wrong with people paying lower prices for the same products ? Some deflation can be the result of increase productivity. That’s a good thing. People getting more fir their money and having a better lifestyle. Good for business. They can produce more for less and realize higher profits. Businesses will have more money to raise wages and more money to spend on RESEARCH and DEVELOPMENT.
Posted on 7/22/21 at 4:24 pm to Big Scrub TX
From 2016 to end of 2020 inflation was a total of 7.8%
From 2020 until now inflation so far is 5.0%
In other words
In 2016 a $1 widget z cost $1, in 2020 it cost $1.08
In 2020 1$ could buy widget x, in 2021 it already costs $1.05
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