Inflation Comes in at 8.6%
- Thread starter dandh
- Start date
The media clown show last night that isn't even designed to present charges but simply illicit feelings?
I thought that thing was going to be about charges they were going to file, not a rehash of video we have all seen.
Last edited:
How many mortgages would then be under water, leading to a housing collapse.
Interest rates are a 2-edged sword. It will be a difficult balancing act.
On the upside, it would allow the bond and savings/money market account rates to rise, so seniors can get their money out of the market and safely onto the sideline.
It was a lib outrage, made for TV, circle jerk event. Rehashing Trump to keep our eyes and minds off the shit-show currently going on.
Bullshit. Manchin shut it down because of coal. Period.
Ugh. Yes, inflation impacts lower incomes more than higher incomes. But it's the higher incomes still buying shit at high prices that keeps them high for everyone.Derp.
The lower 90% fall deeper into debt trying just to consume at the rate they had, while the top 10% see their assets rise and the inflation hastens the wealth disparity.
Inflation is a society wrecking policy.
White House talking head on CNN right now.
Anchor: You guys predicted inflation go down. It went up. Why do you keep getting it wrong?
WH: We are using outside predictors. And…Well…it’s hard to do.
Gee…how convenient you always miss on the low side. Lol
Anchor: You guys predicted inflation go down. It went up. Why do you keep getting it wrong?
WH: We are using outside predictors. And…Well…it’s hard to do.
Gee…how convenient you always miss on the low side. Lol
It’s not that it impacts one group more than another, it impacts them differently.
The poor and middle class see the cost of living and their debt increase, the richest see their assets appreciate.
Deficit spending under our fiat monetary system is regressive taxation with a ‘bonus’ of wealth transfer to the rich.
It’s horrible policy.
Yes, I'm sure some have varible rate mortages and that would hurt them. But it is a minority and this inflation thing is much bigger than the near term housing market. The Fed needs to dry up the demand for money and move liquidity to the sidelines. Once inflation is back under control, and it will be at some point, then lower rates will force money back to work.
The fed needs to raise rates like @soybean said and we need a mini recession imo.
Yes, yes, we know. The "gold standard" is what this country needs.
Given that we attend gong back to the find standard or any other antiquated economic philosophy, what are your sure fire measures to Whip Inflation Now?
Not that I expect an answer.
Remember that time you tried to say inflation was good for the labor market?Yes, yes, we know. The "gold standard" is what this country needs.
Given that we attend gong back to the find standard or any other antiquated economic philosophy, what are your sure fire measures to Whip Inflation Now?
Not that I expect an answer.
Pepperidge farms remembers...
This, News media was saying we would see new things presented. Nothing in the first hr was nothing I did not already know. Turned it off.
I will make a great effort this year to learn to respect the humanity of anyone stupid enough to believe that being a net oil exporter is the same as being energy independent.
Central bank research confirms they drive wealth inequality. Which I guess is your preference.Yes, yes, we know. The "gold standard" is what this country needs.
In the recently published Global Wealth Report by Credit Suisse, the authors provide ample evidence that the action of central banks globally has been to create a massive wealth boom for the rich, primarily because the stimulus has gone into asset prices such as stocks, bonds and homes.
Forbes
See post #6, since you ignored what I predicted would happen when Pelosi-Schumer-Trump worked together to eliminate the debt ceiling.
Inflation is good for the market overall, at about 2%. You're the one who thinks deflation is a good thing.
Hint: it's not.
So do you think inflation at moderate level is good for the economy or not?
My apologies, I thought I was replying to seminole's drivel originally. Still, your post suggests you share his foolish thoughts.
Inflation at a small level as a reflection of raising wages is one sign of a healthy economy. 6-7-8% isn't.
See post #6, since you ignored what I predicted would happen when Pelosi-Schumer-Trump worked together to eliminate the debt ceiling.
What do you know, we agree. And that's what I've consistently maintained.
Seminole, on the other hand, believes any inflation is bad. And he wants the gold standard back. SMFH
The 2's and 10's are both rallying this morning...this will get the attention of higher earners and even some of the genrational wealth crowd. As things continue to progress in this manner saving will once more become en vougue for all but the most flagrant of the silly set.
You think that because you don’t understand what causes inflation.
After all, you fell for MMT.
Forbes
In recent years, politicians on the far left have leaned on Modern Monetary Theory (MMT) to justify offering increasingly exorbitant spending proposals without plans to pay for them. Then roughly $6 trillion in deficit-financed stimulus approved by Congress in 2020 and 2021 provided policymakers a natural experiment to evaluate the claims proponents of MMT made. The results exposed the critical flaws in their approach, and rather than being able to take a victory lap, MMT is now on its last legs.
First, drastically cut federal spending. We are headed towards a recession of unknown depth, on top of inflation. The Fed is in a very precarious postion and needs help on the fiscal side. It's a mess.
Another idea, cut payroll taxes and replace with a sales tax. This would reduce consumption and reward work. We need more people working.
Even though the employment rate is low, it's deceptive. The actual number of people employed has yet to reach pre-pandemic levels.
Another idea, cut payroll taxes and replace with a sales tax. This would reduce consumption and reward work. We need more people working.
Even though the employment rate is low, it's deceptive. The actual number of people employed has yet to reach pre-pandemic levels.
The Fed is raising rates and it will guarantee a deeper recession. I say just let the supply chain issues iron themselves out over time and live with the inflation. It’s not an excess demand problem, but a supply problem.
Declaring war on your domestic energy industry will sort of cause that😉.
The phrase had kept popping up here and I was like alright a lot of these folks think that Biden is actually Trump in a Biden mask so energy independence is plausible in that world. Then it was explained to me and it just kinda hurt because I see the surface level logic to it and the only way around it is to start something like "two score and ten years ago... American influence on expanded economic globalization... and now we live in a world with a combination of industrializing and deindustrializing regions whose economies all depend on energy including fossil fuels which are globally traded commodities meaning no participants in this market can be thought of as energy independent."
So - where are you going to get all those workers? Lots of people have opted not to work any more and they are not coming back.
Sales tax on luxury items, sure. Reducing the payroll tax is just a right wing form of stimulus which is not needed. Those with means are still buying at high levels and we still have supply issues - that's going to result in higher prices. They will stabilize when supplies start to accumulate - we're already seeing that at some retailers.
It's a fiscal problem more than a monetary problem.
Did you consider the fact that poor people may have to use credit cards and other borrowing to survive higher food and energy prices?
Yes, I did consider that and I concluded that stopping this bout of inflation sooner, rather than a larger inflation problem later, would be in the best interest for all of us, including the poor.
I think this latest inflation number is going to push them in that direction....they've been pretty reluctant.
I think Biden should beat the Fed to the punch and show a little governance. I think he is going to lose his butt in November, so bite a few bullets and do some things worthwhile to take money out of circulation. Why wait and reac
Break the campaign promise on student loan forgiveness, start up payments again but allow for restructuring under federal loans. I don’t think this will hurt Biden as bad as HW Bush’s “Read my lips, no new taxes.” Students tend to be apart of the
Democratic base and won’t abandon him.
Increase limits on 401k, IRAs, and Roth IRAs. Upper Middle class should be able to afford additional contributions if you give them a reason. To balance that out, take away the cap on the Social Security Tax. Social security and limit SS to lower classes.
Do you think Powell or his master, Biden are willing to take the steps you outlined in a timely manner?
This senior let stop losses get me out of the market.
Just holding cash waiting for some buying opp’s.
Hate to see what my cap gains taxes are.
Very simple question - do we have the leadership in DC and at the Fed to make the right decisions to get this under control?
That's a hit job on Telsa. It's regarding 191 cases and not some mass hysteria regarding Tesla deaths. If you look at Teslas driven on autopilot, they have far few accidents per mile driven while on autopilot versus conventional driving. Mine saved me from getting sideswiped by a semitruck when it crossed over 2 feet into my lane. It's the safest care I've ever ridden in.
BTW, the recall is just a change in the computer over wifi. No bringing Tesla's to the shop.
Latest posts
-
-
-
Missouri State Transfer WR Raylen Sharpe Visiting Iowa on Tuesday- Latest: Eliot Clough
-
-
