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re: Inflation in January comes in higher than expected at 6.4%
Posted on 2/14/23 at 8:10 am to RollTide1987
Posted on 2/14/23 at 8:10 am to RollTide1987
quote:
Inflation in January comes in higher than expected at 6.4%
0
Posted on 2/14/23 at 8:11 am to RollTide1987
quote:
higher than expected
Any economist who expected less is a hack.
Posted on 2/14/23 at 8:12 am to RougeDawg
quote:
WTF ever! We all knew printing money like crazy would result in this. It's basic economics.
It certainly didn't help, but the actual experts (you know the ones not posting on tiger droppings) were saying this will be an inflationary period long before COVID was even a thing. Its basic demographics
Posted on 2/14/23 at 8:14 am to imjustafatkid
quote:
Any economist who expected less is a hack.
The Fed has no choice but to keep raising rates
Posted on 2/14/23 at 8:17 am to lsunatchamp
You think you know what you are talking about but you don’t. It’s almost like you don’t even understand the basic definition of inflation. IF the economy was booming and wages were outpacing price growth then you might have a point but they aren’t. In fact most Americans have less money now than they did prior to the current inflationary period which means it isn’t due to an overheated economy. It is due to poor monetary policy and an inflated monetary supply which is why the Fed is having difficulty controlling it because it was created by their policies.
Posted on 2/14/23 at 8:18 am to lsunatchamp
This post was edited on 2/18/23 at 8:41 am
Posted on 2/14/23 at 8:20 am to RollTide1987
Yes, inflation is high....but its a dry high.
Posted on 2/14/23 at 8:21 am to RollTide1987
Everyday, this group of imcompetent liars attempt to put 10 gallons of shite in a 5 gallon bucket!
It is getting very old, and insulting.
It is getting very old, and insulting.
Posted on 2/14/23 at 8:21 am to RollTide1987
quote:
Consumer prices have come down sharply as goods inflation that surged during the pandemic has cooled. And Federal Reserve Chairman Jerome Powell expressed confidence after the most recent Fed meeting that disinflation “has begun.” December’s CPI was the smallest year-over-year increase since October 2021, at 6.5% on an annual basis, down from a 9.1% peak in June 2022
And people wonder why I don’t trust the media. A reduction in inflation is a drop in prices? No.
CNBC
Posted on 2/14/23 at 8:22 am to lsunatchamp
Low wage job growth doesn’t drive inflation neither does people leaving the workforce, do you even economics at all? High wage job creation could but those aren’t the vast number of jobs being “created”
Posted on 2/14/23 at 8:23 am to TigerIron
quote:
Inflation and the job numbers have nothing to do with anything Trump or Biden, and everything to do with the mass number of people retiring right now. This sort of environment was expected years ago
Posted on 2/14/23 at 8:31 am to Rip Torn
quote:
It is due to poor monetary policy and an inflated monetary supply which is why the Fed is having difficulty controlling it because it was created by their policies.
Don't forget poor energy policy. Energy prices affect every single thing you buy and every utility you pay.
-Limited drilling permits
-Increased government oil taxes (BBB and IRA) and corporate tax rate.
-Closed drilling access on some federal lands
-Subsidized wind and solar to the detriment of Oil and Gas.
-Nixed Keystone pipeline.
-Released SPR oil and now buying back at 2-3x the price.
-Long term anti-O&G policy stance discouraging private investment in refineries.
Posted on 2/14/23 at 8:38 am to Rip Torn
All of you are wrong about the current demographics not causing inflation. Here's an article from Forbes if you are interested in learning about why we have inflation right now.
Forbes
It's saying because you have so many people retiring, you have demand exceeding supply. Less people working and producing stuff. Also why the unemployment rate is where it is right now. I know it's not what you want to hear but this is why
Forbes
quote:
But the inflation and demographic influence doesn’t end there. Extensive research from Mikael Juselius of the Bank of Finland and Elod Takats of the Bank for International Settlements provides a compelling case for the link between a country’s age composition and inflation. Their conclusion suggests that the U.S. could be in for a significant inflation shift as its bulge of aging baby boomers retire.
quote:
For example, research from Jong-Woo Yoon of the International Monetary Fund found that an increasing density of those aged 65 and older tended to drive inflation lower. Their data spanned from 1960 through 2013, across 30 Organization for Economic Co-operation and Development (OECD) economies. They concluded that aging populations across developed economies could drive a significant deflationary impact. However, much of this research ignored any related effects from either the young or the working age populations.
quote:
The essential catalyst is the high concentration of prime age workers, who produce more than they consume, and keep demand well supplied. However, when there are high concentrations of both young and old, there is a tendency toward consumption. As output comes up short, inflation starts to bite.
It's saying because you have so many people retiring, you have demand exceeding supply. Less people working and producing stuff. Also why the unemployment rate is where it is right now. I know it's not what you want to hear but this is why
This post was edited on 2/14/23 at 8:44 am
Posted on 2/14/23 at 8:42 am to lsunatchamp
You lost me at “produce more than they consume” and again most jobs being created in the current market are predominantly low wage service jobs not high wage manufacturing. That is a lovely, largely irrelevant article to the current situation
Posted on 2/14/23 at 8:46 am to lsunatchamp
quote:You’re a fricking moron if you believe anything these so called “experts” say.
It certainly didn't help, but the actual experts (you know the ones not posting on tiger droppings) were saying this will be an inflationary period long before COVID was even a thing. Its basic demographics
“An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today.”
This post was edited on 2/14/23 at 8:51 am
Posted on 2/14/23 at 8:47 am to Rip Torn
quote:
You lost me at “produce more than they consume”
It's saying the opposite is happening in the next sentence, and also the first quote saying experts are predicting inflation, but yea go on spouting whatever you want to believe
Posted on 2/14/23 at 8:49 am to TigerIron
Because they in general have less money but the argument is they are no longer producing which would be a valid argument in an economy that overly relies on production and an aging, wealthy workforce. The fact is a lot of retirees have put off retirement or have had to re enter the workforce
Posted on 2/14/23 at 8:51 am to bhtigerfan
quote:
Youre a fricking moron if you believe anything these so called “experts” say.
Is it really this hard to comprehend when a lot of people are retiring you will have less supply so demand will increase causing inflation? Really? You don;t have to be an expert to figure this out. Biden is a moron, I get it, but not everything under the sun is his fault either
Posted on 2/14/23 at 8:51 am to RollTide1987
I bet a fat girl could measure her BMI by using a skin caliper on her pinky and come in at 1% body fat
Posted on 2/14/23 at 8:55 am to Rip Torn
quote:
Because they in general have less money but the argument is they are no longer producing which would be a valid argument in an economy that overly relies on production and an aging, wealthy workforce. The fact is a lot of retirees have put off retirement or have had to re enter the workforce
Baby Boomers retiring is happening all over the world right now. It's not concentrated to the US, and they are by far the largest demographic the world over. It's going to be an inflationary DECADE
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