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Started By
Message
“Inflation is Transitory” until it’s not
Posted on 10/13/21 at 7:40 am
Posted on 10/13/21 at 7:40 am
Inflation being transitory was the new talking point for almost a year. With the CPI it’s now 5.4% YoY. This is how they do, repeat it over and over, and now drop the word “transitory”.
The pundits never gave a time period for transitory either. Life itself is transitory. So was it ever “transitory”? If not why was it said over and over for six months.
The pundits never gave a time period for transitory either. Life itself is transitory. So was it ever “transitory”? If not why was it said over and over for six months.
12
Posted on 10/13/21 at 7:54 am to Padme
You hit the nail. 90% of us didn't even know what "transitory" meant when Biden/Psaki/Yellen started dropping that term, but like good little sheep Americans we didn't question why are they using this word salad term and not qualifying/quantifying it with "temporary for no more than 6 months" etc.
Not a peep from the media (even conservative) even questioning why a slippery fish word like that became the headline grabbing key word.
Not a peep from the media (even conservative) even questioning why a slippery fish word like that became the headline grabbing key word.
Posted on 10/13/21 at 7:55 am to Padme
Wait, I thought there was no inflation. In fact, I thought we saved $0.16 on this past Fourth of Huly BBQ.
/sarc
/sarc
Posted on 10/13/21 at 7:55 am to Tomatocantender
quote:
You hit the nail. 90% of us didn't even know what "transitory" meant when Biden/Psaki/Yellen started dropping that term
exactly, if you don't set a target then it's open ended and doesn't mean anything
Posted on 10/13/21 at 8:03 am to Padme
Powell should be on trial.
Posted on 10/13/21 at 8:04 am to Padme
People keep trying to soften the blow of what is actually happening. It’s all going to get way worse
Posted on 10/13/21 at 8:19 am to Padme
Jeez, is everything trans now?
Posted on 10/13/21 at 8:30 am to whiskey over ice
Y’all did not know what “transitory inflation” was? Cmon man.
Posted on 10/13/21 at 8:31 am to Padme
Transitory means waiting until a leftist is out of office to lay blame.
Posted on 10/13/21 at 8:38 am to RancherReb
quote:No. I’m ignorant about this term, and I’ve never heard it used about our economy. When was the last time we had transitory inflation so I have a point of reference?
Y’all did not know what “transitory inflation” was? Cmon man.
Posted on 10/13/21 at 9:00 am to OldSouth
Last time was during the CCP expansion 2010-2012ish around when WTI was >$100
Posted on 10/13/21 at 9:37 am to wutangfinancial
quote:
Last time was during the CCP expansion 2010-2012ish around when WTI was >$100
2010-2012 my arse. This was a 3-year period at the very heart of Obama's tenure when the entire world was sucking off the first new black president of the free world. Interest rates were low as hell and there was NOT one single mention of any type of fear about inflation in any of the mainstream headlines. You are trying to re-write history just for a talking point. Absolute bullshite.
ETA: And if what you said was true, you would have seen interest rates rise by dribs and drabs throughout Obama's 2nd term. Hell, I don't even think there was one mere 25 bips hike in his entire 8-year presidency.
This post was edited on 10/13/21 at 9:43 am
Posted on 10/13/21 at 9:51 am to Padme
Tell that to the Real, the Kroner, the Vietnamese Yuan, the Venezuelan Peso and the dozens and dozens of other currencies that were devalued to nothing over the last century
Posted on 10/13/21 at 9:52 am to Tomatocantender
Google it
Posted on 10/13/21 at 9:59 am to wutangfinancial
quote:
Google it
Google what? The fact that you're wrong AF? There were no recurring headlines and any real fear about "transitory inflation" in Obama's 2 terms to the point that the Fed had to tighten monetary supply. If that was the case, you would have seen interest rates rise even a little. They did not in ALL 8 YEARS especially in the sweet spot of 2010-2012 that you cited which was still the honeymoon phase of Obama.
Posted on 10/13/21 at 10:04 am to wutangfinancial
quote:Where was term “Transitory Inflation” used during this time period? I don’t doubt that you know more about it than I do, I’ve just never heard the term in my life.
Last time was during the CCP expansion 2010-2012ish around when WTI was >$100
Posted on 10/13/21 at 10:07 am to Tomatocantender
quote:
If that was the case, you would have seen interest rates rise even a little
The cognitive dissonance is making this fun. Do you have any idea what was going on in 2010-2012?
Posted on 10/13/21 at 10:12 am to wutangfinancial
quote:Ok, I’m starting to think that you have no idea what you are talking about and you’re just stalling.
The cognitive dissonance is making this fun. Do you have any idea what was going on in 2010-2012?
Posted on 10/13/21 at 10:15 am to wutangfinancial
quote:
wutangfinancial
Okay instead of posting memes why don't you enlighten us. Like another poster just asked you, give us the recurring headlines and show us where "transitory" was the hot ticket item in Obama's first term from the 2010-2012 timeframe you cited, so much so that the Feds acted. Not trying to make you defensive, I legitimately want to know. Maybe you honestly have an angle I've never seen before. But that will be hard because I don't have to "Google" anything as I was alive and well informed living in the USA not but 11-12 years ago which is the timeframe you brought up.
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