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Started By
Message
re: Top Economists Expect Inflation To ‘Accelerate Strongly’ In Coming Weeks
Posted on 5/24/21 at 11:52 am to RogerTheShrubber
Posted on 5/24/21 at 11:52 am to RogerTheShrubber
quote:
If you're under the age of 40, you'll spend the rest of your live paying off this shite.
Nothing will be paid off. Spending will increase until the whole thing collapses.
This country is in its terminal phase as it exists currently. Just a matter of when, not if.
1
Posted on 5/24/21 at 11:53 am to SDVTiger
quote:
Congrats JB voters
this was already set thanks to our spending in 2020 (that Trump supported)
Posted on 5/24/21 at 11:54 am to Centinel
A better bet than "can we ever pay off our debt" is "can we ever hope to maintain our debt to be below our national GDP "
obviously I'm betting no on that as well. Fiat currency in the hands of humans and our politics was destined for failure.
obviously I'm betting no on that as well. Fiat currency in the hands of humans and our politics was destined for failure.
This post was edited on 5/24/21 at 11:59 am
Posted on 5/24/21 at 11:55 am to member12
quote:
Expect things like gas, groceries, and other goods to grow higher with the current supply constraints, then hopefully level off when these UI bonuses get curtailed eventually.
Nope. As long as oil costs rise, everything else will rise too. Compounding this is the rate at which employees are having to be paid to lure them off of government assistance.
My neighbor owns his own logistics company. They have to pay forlift drivers now $18 / hr, which is what their truck drivers used to make. Now he has to pay all of his truck drivers around $21 per hour. He's had to raise rates on his customers by 20% due to increased wages and fuel costs.
Joe Biden's America
Posted on 5/24/21 at 11:55 am to BuckyCheese
quote:
Getting out of the stock market and looking for a good place to go.
Just buy stocks that do well when inflation is high
Posted on 5/24/21 at 11:56 am to BuckyCheese
quote:
Getting out of the stock market and looking for a good place to go.
The stock market is generally a good place to be during inflation.
Posted on 5/24/21 at 11:57 am to BuckyCheese
quote:
Getting out of the stock market and looking for a good place to go.
holding onto cash is the worst possible thing you can do in an inflationary environment, so I hope you are at least moving that cash into some kind of property that will hold value.
Posted on 5/24/21 at 11:59 am to SlowFlowPro
quote:
this was already set thanks to our spending in 2020 (that Trump supported)
people want to play politics with this stuff, but the reality is we've gotten increasingly reckless with our monetary policy decade over decade regardless of administration
Posted on 5/24/21 at 12:03 pm to Ross
Remember when Congress used to pass an actual budget instead of Omnibus bills and continuing resolutions?
Posted on 5/24/21 at 12:05 pm to SlowFlowPro
quote:
this was already set thanks to our spending in 2020 (that Trump supported)
Shh, they don't want to hear that.
Posted on 5/24/21 at 12:05 pm to SlowFlowPro
quote:
this was already set thanks to our spending in 2020 (that Trump supported)
Of course
Posted on 5/24/21 at 12:08 pm to SDVTiger
quote:
Of course
Literally stimulus 1 and 2 were signed by him and endorsed by him for his bid for re-election.
But yeah, echoing ross: All of this started with bush sr, amplified by each sitting president afterwards.
Clinton really fricked us with the new banking regulations too.
Posted on 5/24/21 at 12:18 pm to A Smoke Break
How much stimy has been approved in the first 100 days of the new admin?
Posted on 5/24/21 at 12:25 pm to Penrod
quote:
Getting out of the stock market and looking for a good place to go.
The stock market is generally a good place to be during inflation.
Just have a feeling everything is going to crater.
Posted on 5/24/21 at 12:30 pm to member12
quote:
paying people to NOT work drives up the costs of goods and services
How many studies did it take to figure that out?
Posted on 5/24/21 at 12:30 pm to member12
Most economists are full of shite and never have to reconcile when they are consistently incorrect by wide margins.
Never trust an "economist" outside of basic, perfect market situations or when just discussing theories which are not being applied to real world situations.
Never trust an "economist" outside of basic, perfect market situations or when just discussing theories which are not being applied to real world situations.
Posted on 5/24/21 at 1:31 pm to Sneaky__Sally
quote:
Most economists are full of shite and never have to reconcile when they are consistently incorrect by wide margins.
They aren't any less incorrect than our media, which is wrong more often than not.
quote:
Never trust an "economist" outside of basic, perfect market situations or when just discussing theories which are not being applied to real world situations.
There's inflation that's apparent just in the past 6-8 weeks. It's happening. The question is how bad will it be once we are finally leveled off.
Posted on 5/24/21 at 1:32 pm to Sneaky__Sally
quote:
Most economists are full of shite
Yet you trust politicians?
TrUsT tHe MaTh
This post was edited on 5/24/21 at 1:34 pm
Posted on 5/24/21 at 1:33 pm to member12
Still patiently waiting for my drastic salary increase to reflect my companies soaring stock prices 
Posted on 5/24/21 at 1:34 pm to DownshiftAndFloorIt
quote:
Still patiently waiting for my drastic salary increase to reflect my companies soaring stock prices
Your salary will catch up in a few years time...maybe.
But if you were retired or on social security, you'd be absolutely fricked.
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