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Started By
Message
re: Janet Yellen concedes she misread threat of inflation
Posted on 6/1/22 at 9:58 am to Mingo Was His NameO
Posted on 6/1/22 at 9:58 am to Mingo Was His NameO
quote:Well you have a bunch of “money go brrr” people to argue with in here then
The value of the dollar didn't drop due to money printing.
0
Posted on 6/1/22 at 9:59 am to Fun Bunch
quote:
Person in charge of fighting inflation "did not anticipate" record inflation that every non-partisan person with a brain in their head could see coming due to basic economics.
Its almost as if it was political.
Exactly. It’s like the blue haired person in the Progressive commercial. We all see it, but nobody should say anything.
Posted on 6/1/22 at 10:00 am to EZE Tiger Fan
What the fellas be Yellen?
Posted on 6/1/22 at 10:04 am to lowspark12
quote:
It’s pretty easy to sit here on 6/1/22 after months of record inflation and say we all saw it coming… the reality is most of us knew it was a potential concern, but had no idea it would be like this. Granted, it’s not our job it know like Yellen. Just think the monday morning QBing of the inflation issue is a little overboard.
Just because you’re a fricking moron like Janet Yellen that didn’t know this was coming based on the policies being put in place doesn’t mean the rest of us are too.
Posted on 6/1/22 at 10:08 am to stout
quote:
boosted energy and food prices
I like how she says that energy and food prices were "boosted" like it's a good thing rather than saying that the shocks to the economy "raised energy and food prices."
Posted on 6/1/22 at 10:11 am to lowspark12
Literally everyone saw this coming
Posted on 6/1/22 at 10:12 am to lowspark12
quote:
It’s pretty easy to sit here on 6/1/22 after months of record inflation and say we all saw it coming… the reality is most of us knew it was a potential concern, but had no idea it would be like this.
bullshite. I've seen it discussed on this very board for a year now.
It's been talked about here a ton
Posted on 6/1/22 at 10:12 am to stout
She should resign.
Posted on 6/1/22 at 10:14 am to stout
For once someone actually admitted they messed up.
However, Putin, China, and trump will still be blamed by Biden
However, Putin, China, and trump will still be blamed by Biden
Posted on 6/1/22 at 10:15 am to stout
Democrats are idiots.
Posted on 6/1/22 at 10:17 am to lowspark12
quote:I posted about it here in May 2020 when Trump was giving away free money:
It’s pretty easy to sit here on 6/1/22 after months of record inflation and say we all saw it coming… the reality is most of us knew it was a potential concern, but had no idea it would be like this. Granted, it’s not our job it know like Yellen.
LINK
Another perennial idiot, JohnnyKilroy, replied to my post with Keynesian nonsense and I explained that TARP money was never technically put into circulation and the difference was that Trump, and subsequently Biden, were inserting trillions directly into the money supply this time.
Posted on 6/1/22 at 10:18 am to lsupride87
quote:
People were saying this was going to happen when the stimulus checks were announced.
*raises hand
quote:
Hate to tell you, but it was “your team” and President that started the stimulus checks
Yep, facts remain facts.
Posted on 6/1/22 at 10:19 am to stout
I'm shocked
Posted on 6/1/22 at 10:21 am to Fat and Happy
quote:
For once someone actually admitted they messed up.
Kind of a good way to look at it tbh
Doesn't matter though
This post was edited on 6/1/22 at 10:22 am
Posted on 6/1/22 at 10:22 am to stout
Even without the supply chain issues an inflation bubble was primed to blow up in our faces. All it needed was a catalyst/spark for the bubble to blowup.
Posted on 6/1/22 at 10:24 am to Roll Tide Ravens
quote:
I like how she says that energy and food prices were "boosted" like it's a good thing rather than saying that the shocks to the economy "raised energy and food prices."
Dems are excellent wordsmiths
Posted on 6/1/22 at 10:26 am to HouseMom
From that thread:
You have to admit they’ve done a great job…of creating exactly what they wanted to.
quote:
If it were this simple companies and the government wouldn't pay people a shite load of those dollars to try to figure what inflation is going to be
You have to admit they’ve done a great job…of creating exactly what they wanted to.
Posted on 6/1/22 at 10:45 am to stout
Here is the deal...government leaders who were paying attention in the late 70's and early 80's are inflation hawks, first and foremost. The ones who weren't paying attention, aren't. She appears to fall into the latter.
Posted on 6/1/22 at 10:53 am to lsupride87
quote:
Hate to tell you, but it was “your team” and President that started the stimulus checks
Yes, I didn't like that he did it then and still disagree with it.
Unlike some we can admit when our people frick up.
As evidenced by posts in this thread defending the indefensible for one side.
Posted on 6/1/22 at 11:19 am to stout
She didn't misread the situation, they are purposely trying to crash the mother fricker and their solution will be a Central Bank Digital Currency. This is by design.
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