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Started By
Message
Inflation to Rockering Stagflation - It’s going to get bad guys
Posted on 8/5/21 at 1:35 pm
Posted on 8/5/21 at 1:35 pm
Biden Economy - Inflation to Stagflation . Link to article.
EXCERPT from Article. Please read article, it explains how a good economy was built and is going bad under the guise of covid.
“With the FED pumping money into the U.S. system, the dollar value plummets. At the same time, JoeBama dropped tariff enforcement to please the Wall Street multinational corporations and banks that funded his campaign. Now the value of the Chinese and EU currency increases. This means it costs more to import products, and that is the primary driver of price increases in consumer goods.
Simultaneously, a lower dollar means cheaper exports for the multinationals (Big AG and raw materials). China, SE Asia and even the EU purchase U.S. raw materials at a lower price. That means less raw material in the U.S. which drives up prices for U.S. consumers. It is a perfect storm. Higher costs for imported goods and higher costs for domestic goods (food). Combine this dynamic with massive increases in energy costs from ideological policy, and that’s fuel on a fire of inflation.
Annualized inflation is now estimated to be around 8 percent, and it will likely keep increasing. This is terrible for wage earners in the U.S. who are now seeing no wage growth and higher prices. Real wages are decreasing by the fastest rate in decades. We are now in a downward spiral where your paycheck buys less. As a result, consumer middle-class spending contracts. Eventually, this means housing prices drop because people cannot afford higher mortgage payments.
Gasoline costs more (+50%), food costs more (+10% at a minimum) and as a result, real wages drop; disposable income is lost. Ultimately this is the cause of Stagflation. A stagnant economy and inflation. None of this is caused by COVID-19. All of this is caused by economic policy and monetary policy sold under the guise of COVID-19.
This inflationary period will not stall out until the U.S. economy can recover from the massive amount of federal spending. If the spending continues, the dollar continues to be weak, as a result the inflationary period continues. It is a spiral that can only be stopped if the policies are reversed…. and the only way to stop these insane policies is to get rid of the Wall Street democrats and republicans who are constructing them.”
Thoughts?
EXCERPT from Article. Please read article, it explains how a good economy was built and is going bad under the guise of covid.
“With the FED pumping money into the U.S. system, the dollar value plummets. At the same time, JoeBama dropped tariff enforcement to please the Wall Street multinational corporations and banks that funded his campaign. Now the value of the Chinese and EU currency increases. This means it costs more to import products, and that is the primary driver of price increases in consumer goods.
Simultaneously, a lower dollar means cheaper exports for the multinationals (Big AG and raw materials). China, SE Asia and even the EU purchase U.S. raw materials at a lower price. That means less raw material in the U.S. which drives up prices for U.S. consumers. It is a perfect storm. Higher costs for imported goods and higher costs for domestic goods (food). Combine this dynamic with massive increases in energy costs from ideological policy, and that’s fuel on a fire of inflation.
Annualized inflation is now estimated to be around 8 percent, and it will likely keep increasing. This is terrible for wage earners in the U.S. who are now seeing no wage growth and higher prices. Real wages are decreasing by the fastest rate in decades. We are now in a downward spiral where your paycheck buys less. As a result, consumer middle-class spending contracts. Eventually, this means housing prices drop because people cannot afford higher mortgage payments.
Gasoline costs more (+50%), food costs more (+10% at a minimum) and as a result, real wages drop; disposable income is lost. Ultimately this is the cause of Stagflation. A stagnant economy and inflation. None of this is caused by COVID-19. All of this is caused by economic policy and monetary policy sold under the guise of COVID-19.
This inflationary period will not stall out until the U.S. economy can recover from the massive amount of federal spending. If the spending continues, the dollar continues to be weak, as a result the inflationary period continues. It is a spiral that can only be stopped if the policies are reversed…. and the only way to stop these insane policies is to get rid of the Wall Street democrats and republicans who are constructing them.”
Thoughts?
This post was edited on 8/5/21 at 1:44 pm
Posted on 8/5/21 at 1:43 pm to BooBearTigerMom
I'm afraid the ship has sailed. I don't see any way that these policies will be reversed in the next 3 1/2 years. We are all sitting and watching it unfold in real time and there isn't much we can do about any of it. Elections (even stolen/fraudulent ones) have consequences.
Posted on 8/5/21 at 1:45 pm to BooBearTigerMom
quote:
It’s going to get bad guys
quote:who the frick are you?
Member since Aug 2021
1 post
Posted on 8/5/21 at 1:45 pm to BooBearTigerMom
quote:
Thoughts?
Invest wisely to increase your discretionary income, and don't use that discretionary income...just keep re-investing.
Do you, it's the only thing you can control. Think of it as a zero sum game, and you're the Sun Tzu at the table...swinging your dick like Joe Burrow and this is a game you refuse to lose.
Money never sleeps pal...now go to work.
Posted on 8/5/21 at 1:46 pm to BooBearTigerMom
Stagflation. Haven't seen that since Carter's day.
Posted on 8/5/21 at 1:57 pm to BooBearTigerMom
TheBiden economy is not trickle down, it’s trickled on. They are pissing on all of us.
Posted on 8/5/21 at 1:59 pm to BooBearTigerMom
quote:
Thoughts?
At least we don't have mean tweets anymore. Am I Right?
Posted on 8/5/21 at 2:04 pm to BooBearTigerMom
Downsized my house by 1/3. Will have autos paid off by Christmas. Have 2 years cash on hand. I’m as ready as I can be.
Posted on 8/5/21 at 2:29 pm to BooBearTigerMom
"Powerman" will be here to tell us how that is completely wrong and hyperinflation is actually a good thing.
Posted on 8/5/21 at 2:34 pm to BooBearTigerMom
quote:
With the FED pumping money into the U.S. system, the dollar value plummets
How many years has this been going on now, though?
Posted on 8/5/21 at 2:41 pm to BooBearTigerMom
quote:
going to get bad
it's bad now, but we've got a long way to go until we hit bottom
even the Federal Reserve and other central banks are starting to express the need to taper the buying of mortgage backed securities and treasury bonds to stop pumping artificial dollars into the economy, but they can't really stop this activity or interest rates will rise and we will owe more money on our obscene debt.
Not to mention with Delta on the rise, they might even feel compelled to double down on their loose monetary policy. Inflationary pressures are going to be enormous and because everyone is afraid of inflation now, they will alter their behavior to prepare for it thus making it somewhat of a self-fulfilling prophecy as people will demand higher wages, people will feel that they can raise prices in expectation of inflation, etc.
Posted on 8/5/21 at 3:27 pm to BooBearTigerMom
The scary thing is we are staring down the barrel of 15-20% price increases rolling in this quarter for anything imported (which is a huge part of the economy). Ocean freight has gone from $4k to $21k since last year. Covid restrictions. Trucker not coming back to work etc being the reason
It is going to be brutal. Add on to that the planned tax increases in the $3.5 b spending package the Dems have lined up for next month. Much of it paid for with major tax increases. Costs that will again have to be passed on to consumers
The crew in charge right now is going to take us into a major recession next year.
It is going to be brutal. Add on to that the planned tax increases in the $3.5 b spending package the Dems have lined up for next month. Much of it paid for with major tax increases. Costs that will again have to be passed on to consumers
The crew in charge right now is going to take us into a major recession next year.
Posted on 8/5/21 at 3:38 pm to BooBearTigerMom
quote:
It’s going to get bad guys
Welcome to last year.
I'm not being flippant, some of us have been seeing the Inflationary writing on the economic wall since we noticed the FED printing money (even including the accounting change to M1) last year and discussed it here earlier in the year (usually within threads about increasing the Minimum Wage).
Posted on 8/5/21 at 3:41 pm to BooBearTigerMom
quote:
Now the value of the Chinese and EU currency increases.
Most analysts expect the dollar to strengthen relative to the Euro and Yuan.
Posted on 8/5/21 at 4:21 pm to BooBearTigerMom
quote:
Inflation to Rockering Stagflation - It’s going to get bad guys
The next administration may have to work hard but they can correct it.
Posted on 8/5/21 at 4:25 pm to BooBearTigerMom
Don’t you think this is transitory?
Posted on 8/5/21 at 4:46 pm to BooBearTigerMom
I'm really considering selling my house now and banking the profits, living in a small luxury apartment for a year or two, then buying a new house when the market inevitably crashed.
Posted on 8/5/21 at 4:57 pm to BooBearTigerMom
quote:
Thoughts?
Fluff piece in the typical us (republicans) versus them (democrats) fashion. Trump = good. Biden = bad. When the reality is that both R & D have gotten us to where we are today. The gov't manipulating the economy is ALWAYS going to end poorly. The author seems to think the Rs did a good job while the Ds did a bad one. The answer is that they both suck.
Posted on 8/5/21 at 5:05 pm to BooBearTigerMom
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