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re: CNBC: Fed again approves 0.75-point hike in response to rapid inflation

Posted on 11/2/22 at 5:44 pm to
Posted by Bronc
Member since Sep 2018
12646 posts
Posted on 11/2/22 at 5:44 pm to
Now do one for the conservative UK government and Orban's Hungary(or basically every country in the world) and explain why the graph looks similar?
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
147727 posts
Posted on 11/2/22 at 5:45 pm to
quote:

that printing money
you keep saying this but I think you have no idea what you’re even saying


Are you talking about the Treasury printing cash?
Posted by hubertcumberdale
Member since Nov 2009
6767 posts
Posted on 11/2/22 at 5:47 pm to
quote:

Hubert, What’s the slope of the graph above before and after Joe Biden became president?

I guess it’s all a coincidence


lol now do supply and demand

here ill help you

Posted by WaWaWeeWa
Member since Oct 2015
15714 posts
Posted on 11/2/22 at 5:48 pm to
quote:

you keep saying this but I think you have no idea what you’re even saying


I don’t know what I’m saying? You serious Clark?

Just like a democrat to start changing definitions. You can call it whatever you want. We sent checks in the mail, gave PPP loans, forgave student debt, etc.

What do you call that? Let’s go with your definition
Posted by WaWaWeeWa
Member since Oct 2015
15714 posts
Posted on 11/2/22 at 5:51 pm to
quote:

lol now do supply and demand here ill help you


Why did the price of oil go so high in 2008? Production stayed steady
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
147727 posts
Posted on 11/2/22 at 5:51 pm to
quote:

Just like a democrat to start changing definitions.
that dog don’t hunt

I’m a registered Republican and have never voted for a Democrat in a national election in my life Bubs
Posted by WaWaWeeWa
Member since Oct 2015
15714 posts
Posted on 11/2/22 at 5:53 pm to
quote:

I’m a registered Republican and have never voted for a Democrat in a national election in my life Bubs


That’s great, I said you argue like a democrat. I never said I had an explanation for your ignorance.
Posted by hubertcumberdale
Member since Nov 2009
6767 posts
Posted on 11/2/22 at 5:55 pm to
quote:

Why did the price of oil go so high in 2008? Production stayed steady


The global economic crisis
Posted by WaWaWeeWa
Member since Oct 2015
15714 posts
Posted on 11/2/22 at 5:56 pm to
quote:

The global economic crisis


Why would a global economic crisis (decreased demand) cause prices to rise so dramatically with no change in production?
This post was edited on 11/2/22 at 5:57 pm
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
292880 posts
Posted on 11/2/22 at 5:57 pm to
quote:


Just like a democrat to start changing definitions


Its a cult. THey would rather defend shitty humans and elected officials than feign concern over the average Joe who didn't do a damn thing to cause this.

The mob pressure assures they cannot critize the wrong groups.
Posted by nugget
Abrego Garcia Fan
Member since Dec 2009
15652 posts
Posted on 11/2/22 at 5:59 pm to
quote:

So the conservative solution to stop global inflation is to promote more oil production in the world's leading oil producing country?


How about not forgive student loans? How about cancel the horrific “inflation reduction act” that is even further dumping more money into an overheated economy while simultaneously in enticing green energy over fossil fuels? How about deregulation in power production which allow us to burn cheap coal, which produces cheap electricity? Instead we build solar panels and wind farms while China burns tires and cow shite to produce steam.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
292880 posts
Posted on 11/2/22 at 6:00 pm to
quote:


Why would a global economic crisis (decreased demand) cause prices to rise so dramatically with no change in production?



Recessions and uber high inflation are always caused by central bank monetary policy, and have been since the advent of Keynesian Economics.
This post was edited on 11/2/22 at 6:01 pm
Posted by WaWaWeeWa
Member since Oct 2015
15714 posts
Posted on 11/2/22 at 6:06 pm to
quote:

Recessions and uber high inflation are always caused by central bank monetary policy, and have been since the advent of Keynesian Economics.


I agree

Although I would argue we have moved into the realm of modern monetary theory recently. That’s a whole new can of worms that I don’t think we will escape peacefully.
Posted by Klondikekajun
Member since Jun 2020
1429 posts
Posted on 11/2/22 at 6:06 pm to
quote:

what should biden have done to prevent global supply chain disruptions?


Not handing out those extra trillions as well…. & don’t forget about the $3trillion that Manchin stopped that would have passed…
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
292880 posts
Posted on 11/2/22 at 6:09 pm to
quote:



Although I would argue we have moved into the realm of modern monetary theory recently.


Covid bailouts were a trail run for sure, and failed spectacularly.


I can't say the failure now didn't make me a little more at ease. Imagine in on a larger scale.
Posted by Grievous Angel
Tuscaloosa, AL
Member since Dec 2008
10649 posts
Posted on 11/2/22 at 6:09 pm to
quote:

No end in sight. I hope nobody needs a house in the next few years.


I'm worried about my nearly-college-graduated kid.

My hope is that increases in interest rates causes corresponding decreases in home prices. Sucks for existing homeowners, but that's probably the way it's going to work.
Posted by Dire Wolf
bawcomville
Member since Sep 2008
39736 posts
Posted on 11/2/22 at 6:32 pm to
quote:

My 2% 15 yr mortgage says otherwise


I took advantage too but allowing white collar worker, who effectively got a pay bump in 2020 by not having to commute, access to cheap re-fi while we couldn’t import home goods and building materials was key to driving inflation

We talk about handing out cash stimulus for unemployment but there was no bigger hand out than dropping the interest rate
Posted by ForLSU56
Rapides Parish
Member since Feb 2015
5582 posts
Posted on 11/2/22 at 6:32 pm to
And

DJIA Closed 32,147.76 down 505.44 -1.55%
S&P 500 Closed 3,759.69 down 96.4 -2.50%
Nasdaq Closed 10,524.80 down 366.05 -3.36%


Sucks for us retired folks living on 401k earnings
Posted by TigerFanatic99
South Bend, Indiana
Member since Jan 2007
34416 posts
Posted on 11/2/22 at 6:33 pm to
and cover it we will
quote:

We have some ground left to cover here, and cover it we will


Posted by blueboxer1119
Baton Rouge
Member since May 2013
9527 posts
Posted on 11/2/22 at 6:42 pm to
quote:

Current levels of US oil production have little to do with the sitting president (historically shitty prices, future WTI prices much lower than current, covid lockdowns beginning in 2020/decreased demand and subsequent supply, oil and gas bankruptcies, etc)


Oil prices are driven by the futures market.

To say Biden doesnt control oil production is outrageously incorrect.

Go take a peek at his executive orders issued day 1 of his Presidency, specifically oil leases, keystone, etc.
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