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Started By
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re: Inflation rises 7% over the past year, highest since 1982
Posted on 1/12/22 at 9:26 am to YumYum Sauce
Posted on 1/12/22 at 9:26 am to YumYum Sauce
quote:
At least we aren't being laughed at by Europe now.
Even if that were true....they are certainly laughing at us even more now. Not that I care what their media thinks. They aren't much better than their American counterparts.
This post was edited on 1/12/22 at 9:29 am
1
Posted on 1/12/22 at 9:27 am to SuperSaint
quote:
which the last 4+ administrations excelled at doing
Somewhat, but what is happening during your man love's administration in such a short time is pretty amazing recently.
Posted on 1/12/22 at 9:28 am to cable
quote:
he's already fricked up Afghanistan
I can't believe he gets a pass from American media on that completely botched withdrawal. Most embarrassing foreign policy frick up in 50 years.
Posted on 1/12/22 at 9:29 am to NotoriousFSU
quote:
Relax guys Brandon’s got this
Yeah. I feel so good that someone currently with dementia who graduated at the bottom of their law school class in their prime mental state is in charge of things.
Posted on 1/12/22 at 9:30 am to RLDSC FAN
Just like the goverment handouts during covid were a low key way to raise the defacto minimum wage to 15k, printing all this money feels like an almost deliberate way to take money from people who have it (eroding wealth) and giving it to people who don't (inflation makes mortgages/student loans effectively smaller).
Posted on 1/12/22 at 9:31 am to RLDSC FAN
Posted on 1/12/22 at 9:32 am to Ronaldo Burgundiaz
quote:
Most accurate gif I've seen in a long time.
Posted on 1/12/22 at 9:35 am to RLDSC FAN
quote:
Inflation rises 7% over the past year, highest since 1982
A rising tide lifts all boats, baw.
Posted on 1/12/22 at 9:36 am to Civildawg
quote:
Yep we are screwed. I wasn’t alive during 1982 but how were they able to deflate the inflation then? Seems like the cat is out of the bag and we won’t be seeing any deflation of current prices
Read The Seven Fat Years by Robert Bartley.
Raised interest rates and tightened down on the money supply.
We've increased the money supply 40% over the last two years. The inflation is a natural result.
Posted on 1/12/22 at 9:37 am to Civildawg
quote:
Yep we are screwed. I wasn’t alive during 1982 but how were they able to deflate the inflation then? Seems like the cat is out of the bag and we won’t be seeing any deflation of current prices
18% interest rates on home mortgages
Posted on 1/12/22 at 9:37 am to dewster
quote:
At least we aren't being laughed at by Europe now.
quote:
they are certainly laughing at us even more now.
Where are they laughing at us from? Their homes since they are all locked down?
Posted on 1/12/22 at 9:37 am to RLDSC FAN
No one should believe those numbers. For you and me and every other common person out there, inflation is more than 7%.
Posted on 1/12/22 at 9:39 am to whatiknowsofar
quote:
Or maybe when you shut a country down for a year things don't magically return to normal for a while.
The government clearly over-corrected and printed WAY too much money.
Your position would lead to recession and/or deflation.
The fun part is that we may still face that recession while combating inflation...the old friend stagflation.
Posted on 1/12/22 at 9:39 am to whatiknowsofar
quote:
Or maybe when you shut a country down for a year things don't magically return to normal for a while.
You frickers deserve everything that happens. Unfortunately we get to deal with the consequences of your stupidity as well.
I cannot imagine how far your head has to be up your arse to see year one of the potato and still try to pass the blame anywhere but where it belongs.
Posted on 1/12/22 at 9:40 am to RLDSC FAN
All part of their plan
Posted on 1/12/22 at 9:40 am to YumYum Sauce
quote:
I mean Biden isn't the best but anything is better than having a self proclaimed pussy grabber in the white house. At least we aren't being laughed at by Europe now.
Um, a lot of this inflation is from all the printing done under Trump
Posted on 1/12/22 at 9:41 am to RLDSC FAN
That's 7% they're counting with their bullshite metrics and then telling you about.
Posted on 1/12/22 at 9:42 am to BottomlandBrew
quote:
No one should believe those numbers. For you and me and every other common person out there, inflation is more than 7%.
They changed the way the calculate it now or it would be much higher than 7%.
Posted on 1/12/22 at 9:43 am to prplhze2000
quote:
Read The Seven Fat Years by Robert Bartley.
Raised interest rates and tightened down on the money supply.
We can't really do that this time.
Posted on 1/12/22 at 9:44 am to SlowFlowPro
quote:
We can't really do that this time.
Why? And what option* do we have at this point?
* - taking into consideration our federal govnerment has no intention of being fiscally responsible
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