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Started By
Message
re: US inflation vs rest of the world
Posted on 9/27/23 at 7:10 am to SlowFlowPro
Posted on 9/27/23 at 7:10 am to SlowFlowPro
quote:
Why are you only referencing BBB and not the trillions spent by Trump in 2020? They all causes inflation.
Are you comparing general policy to the response to a black swan event?
2
Posted on 9/27/23 at 7:11 am to Big_Sur
I believe that 4% inflation number doesn’t include food and fuel.
ETA: I should have scrolled down a little before posting.
ETA: I should have scrolled down a little before posting.
This post was edited on 9/27/23 at 7:13 am
Posted on 9/27/23 at 7:11 am to Meauxjeaux
quote:
Are you comparing general policy to the response to a black swan event?
This whole thread is about the response to a black swan event
People are trying to make it partisan when it's pretty clearly not.
Posted on 9/27/23 at 7:12 am to Big_Sur
Dude, our dollars are worth about 75% of what they were worth in January 2021. Let that sink in.
Posted on 9/27/23 at 7:12 am to SlowFlowPro
quote:
Inflation is occurring around the world for the same reason it's hitting us hard: Covid spending.
Which side of the political isle supported/pushed the shutdowns the most?
Posted on 9/27/23 at 7:13 am to Azkiger
quote:
Which side of the political isle supported/pushed the shutdowns the most?
It was a bipartisan effort. Did you miss all the stuff Trump's admin like Fauci and the CDC were proposing/mandating?
Posted on 9/27/23 at 7:14 am to Big_Sur
quote:
USA is in pretty good shape!
Are you a writer for CNN?
Posted on 9/27/23 at 7:14 am to tigeraddict
quote:
does the rest of the world use the same formula we use?
Posted on 9/27/23 at 7:15 am to SlowFlowPro
quote:
It was a bipartisan effort. Did you miss all the stuff Trump's admin like Fauci and the CDC were proposing/mandating?
I don't recall Trump trying to force states to shut down.
I do recall Biden trying to get the unvaxed fired.
Posted on 9/27/23 at 7:15 am to Big_Sur
quote:
USA is in pretty good shape! Inflation coming down and much faster than most other countries.
Economy is strong as hell, Jack!!!
Where's my ice cream?
Posted on 9/27/23 at 7:15 am to SlowFlowPro
quote:
But it's pure bullshite for all the countries listed. Whatever increase in prices for the "volatile items" y'all think will make us look worse will likely be worse in the countries listed, too.
I’m not sure anyone is arguing that we aren’t in less bad financial than many European countries, just that the absolute values of inflation are being purposefully depressed to make the current political class look better.
Posted on 9/27/23 at 7:15 am to Big_Sur
This is like saying it’s a good thing that when you and 5 other guys jump off a bridge, that you’re the last to hit the ground.
Posted on 9/27/23 at 7:16 am to LSUSUPERSTAR
quote:
I'm assuming 4% is the rate over a year, but still not correct. Taking one product, Speed Queen washer is up 30% in the last few years. It's all unicorn facts and rainbows, build back better is working from the middle out and bottom up.
4% today doesn't mean it's only gone up 4% overall. Simplified, with made up numbers, it looks like this:
$10 in May 2020 (starting price)
&10.50 in May 2021 (5.0% YoY)
$11.45 in May 2022 (9.0% YoY)
$12.02 in May 2023 (5.0% YoY)
So, the item is up 20.2% from the start of Covid/Money printing. The formula is more complex than the above, but that's an elementary example of how it works.
Posted on 9/27/23 at 7:16 am to Big_Sur
What a meaningless single data point of inflation not tailored towards the end consumer over a more ridiculous short timeframe that gives a false since of stability.
Posted on 9/27/23 at 7:17 am to Big_Sur
Thanks Karine Jean-Pierre!
Posted on 9/27/23 at 7:22 am to SlowFlowPro
quote:
Inflation is occurring around the world for the same reason it's hitting us hard: Covid spending.
Only partly true. Biden set energy inflation on fire right out of the gate by his ridiculous policies. Then he doubled and tripled down with the so-called infrastructure and inflation reduction acts. No, Biden owns this.
Posted on 9/27/23 at 7:26 am to Azkiger
quote:
I don't recall Trump trying to force states to shut down.
You didn't pay attention, especially the carrot his admin offered to states who did shut down (the huge spending bill at the end of his term).
quote:
I do recall Biden trying to get the unvaxed fired.
Cool. (1) who is discussing this? (2) who in this thread claimed support for this? (3) what does this have to do with inflation?
Posted on 9/27/23 at 7:27 am to SloaneRanger
quote:
No, Biden owns this.
So does Trump (and Obama, and GWB)
Posted on 9/27/23 at 7:28 am to Big_Sur
Friend,
The American economy, despite what a few isolated naysayers allude, has been and is robust to say the least. The US dollar is strong, at 20 year highs this year. But you wouldn’t know it by reading this forum or the PT. The doomsayers rip eye grabbing headlines that would make the ordinary reader assume we were in a recession, all while the economy booms in reality.
Yours,
TulaneLSU
The American economy, despite what a few isolated naysayers allude, has been and is robust to say the least. The US dollar is strong, at 20 year highs this year. But you wouldn’t know it by reading this forum or the PT. The doomsayers rip eye grabbing headlines that would make the ordinary reader assume we were in a recession, all while the economy booms in reality.
Yours,
TulaneLSU
Posted on 9/27/23 at 7:31 am to SlowFlowPro
Captain TDS
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