re: Inflation in January comes in higher than expected at 6.4%

The combined rate on I bonds right now is 6.89%. Unfortunately there’s a $10k annual cap.

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Yeah I will because I live in reality and actually took economics in college but you read an article in Forbes magazine lol

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Wow, you took economics in college and are still wrong. I took economics in college too, but it's not so much economics as it is demographics causing the economic situation. Anyhow, if you still think it's because of US policy go look up the inflation rates of Brazil or France right now

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Probably because job numbers were higher than expected during the same period

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Wage growth has been diminishing steadily for the last 6-ish months while continuing to be outpaced by inflation. While both are dropping, wage growth has been dropping more and for longer. If we were truly in a market competing for workers, wage growth would be outpacing inflation (as we saw during the latter half of Trump's term).

This inflation continues to be pushed by the wanton spending of the federal government (currency devaluation) as well as sustained high (and rising, in some cases) prices on food and energy. Food and energy are the absolute foundation for any economy so as long as inflation in those sectors remains high, it's going to impact everything else.

So let's continue to not build refineries, restrict drilling and exploration for oil and gas and restrict coal out of business because that's how the economy thrives, right?

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Wow, you took economics in college and are still wrong. I took economics in college too, but it's not so much economics as it is demographics causing the economic situation. Anyhow, if you still think it's because of US policy go look up the inflation rates of Brazil or France right now

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So what miracle took place during the Trump administration that somehow arrested this “global inflation” due to so many people retiring?

Did they stop retiring for a few years and then pick back up when Biden took office?

Your argument is that we have inflation in line with France and Brazil therefore it has nothing to do with US policy yet you referenced two economic systems that pump billions of dollars into their economies each year? You can’t make this stuff up lol yes France’s and Brazil’s economic policies absolutely have to do with their inflation just like the US. France has one of the most socialized economies on the planet and Brazil has been hampered by poor infrastructure and a massive percentage of the population in abject poverty.

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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

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It is a feature but not necessarily the cause. The actual study that Forbes references says, "It is not totally clear why an economy’s age structure affects inflation, but the relationship is strong and has some striking practical implications."

The reality is that bad monetary policy that started in 2008 as a response to the financial crisis is the cause of the hyper inflation we are experiencing now. Keep in mind, this was on the heels of the Gobal War on terror that cost somewhere between $6-8T. It was a return the Keynesian economics that was deployed in the 50's and 60s that ultimately led to the stagflation of the 70s.

With COVID, we basically turbo-charged that approach. While my recollection might be off, we spent roughly $1-2T as a response to the 2008 financial crisis, and almost 4x that amount for COVID. We did this without raising interest rates in any meaningful capacity from 2008-2021. Throw in supply chain issues and a moronic energy policy, and your premise completely falls apart.

Yes, there is a correlation between age structure and inflation. If we had not injected $12T into the economy there would be some minor inflationary pressure on the overall economy, but nothing like we are experiencing now.

The illusion of a strong job market is giving the Fed and administration excuses for their policies nothing more

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The illusion of a strong job market is giving the Fed and administration excuses for their policies nothing more

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It is political chattel

helpful for rounding up useful idiots

the lady on cnn told me her eggs were cheaper yesterday than the trip before, to finish off the 23 second inflation segment this morning before switching back to Mass Shooting/ balloon coverage

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A reduction in inflation is a drop in prices? No.

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This is what chaps my arse. Deliberate propaganda to pump this nonsense.

If you bought a widget for $100 in 2019 and then we saw the following inflationary trends for widgets:

2020: 8% = you pay $8 more for a widget
2021: 9% = you pay $17 more for a widget
2022: 8% = you pay $27 more for a widget
2023: 7% = you pay $36 more for a widget

You are still paying EVEN MORE for widgets every year than you ever were before.

Note that in 2022 and 2023 the rate of inflation DECREASED but the price still rose by a GREATER amount than in 2020 and 2021 because of the new inflated basis.

This is why you have to control this crap. Compound math gets ugly in a hurry.

Oh and if you want a real laugh go ask your boss for a 36% raise or cost of living wage adjustment because that $100 widget you were buying in 2019 now costs $136. Yeah, good luck with that. Stolen elections have consequences.