Biden needs to sit back and allow for natural market forces to move buyers to EV vehicles. That will happen albeit at a slower pace than many desire.
Especially if Tesla’s are recalled which is possible,
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Biden needs to sit back and allow for natural market forces to move buyers to EV vehicles. That will happen albeit at a slower pace than many desire.
The media clown show last night that isn't even designed to present charges but simply illicit feelings?Where were you in the January 6th thread? Post when the next migrant caravan is about to invade.
How many mortgages would then be under water, leading to a housing collapse.The Fed needs an emergency rate hike to 5% then monthly quarter point raises until they reach 8% to stop this sort of inflation and increase savings with which to fuel the eventual recovery. We have been through worse before and we can do it again.
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.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.
Bullshit. Manchin shut it down because of coal. Period.How about being honest with the American people? When you say fighting inflation is your number one priority, but you are pushing for initiatives like student loan debt forgiveness and Build Back Better. Manchin shut that down, not because he didn’t like a lot of it, but because of inflation. He could see all this coming last fall. We need someone like him running the country. Not the current or previous guy.
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.
It’s not that it impacts one group more than another, it impacts them differently.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.
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.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.
Yes, yes, we know. The "gold standard" is what this country needs.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.
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.
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.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.
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.
See post #6, since you ignored what I predicted would happen when Pelosi-Schumer-Trump worked together to eliminate the debt ceiling.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.
Inflation is good for the market overall, at about 2%. You're the one who thinks deflation is a good thing.Remember that time you tried to say inflation was good for the labor market?
Pepperidge farms remembers...
Never said that or anything close but that's a hell of a.false narrative.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.
Like I said, I didn't expect an answer.Central bank research confirms they drive wealth inequality. Which I guess is your preference.
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.
So do you think inflation at moderate level is good for the economy or not?Never said that or anything close but that's a hell of a.false narrative.
Inflation at a small level as a reflection of raising wages is one sign of a healthy economy. 6-7-8% isn't.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.
See post #6, since you ignored what I predicted would happen when Pelosi-Schumer-Trump worked together to eliminate the debt ceiling.Like I said, I didn't expect an answer.
Predictable.
What do you know, we agree. And that's what I've consistently maintained.Inflation at a small level as a reflection of raising wages is one sign of a healthy economy. 6-7-8% isn't.
I have. As usual, it's not an answer.See post #6, since you ignored what I predicted would happen when Pelosi-Schumer-Trump worked together to eliminate the debt ceiling.
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.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.
You think that because you don’t understand what causes inflation.I have. As usual, it's not an answer.
Twist and shout....
Price gouging is a myth.Yes the stores are likely intentionally causing shortages as well. Price gouging has been going on for over a year. Republicans don’t want Biden and Warren to stop the gouging.
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.Not looking for political pot shots here, but what can be done policy wise to correct this? Besides the Fed raising interest rates to 15% or whatever like they did in the 70's and bring the economy to a screeching halt.
Declaring war on your domestic energy industry will sort of cause that😉.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.
Declaring war on your domestic energy industry will sort of cause that😉.
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.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.
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."
It's a fiscal problem more than a monetary problem.The Fed needs an emergency rate hike to 5% then monthly quarter point raises until they reach 8% to stop this sort of inflation and increase savings with which to fuel the eventual recovery. We have been through worse before and we can do it again.
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.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?
I think this latest inflation number is going to push them in that direction....they've been pretty reluctant.The Fed needs an emergency rate hike to 5% then monthly quarter point raises until they reach 8% to stop this sort of inflation and increase savings with which to fuel the eventual recovery. We have been through worse before and we can do it again.
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 reacI think this latest inflation number is going to push them in that direction....they've been pretty reluctant.
Do you think Powell or his master, Biden are willing to take the steps you outlined in a timely manner?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.
This senior let stop losses get me out of the market.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.
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.Especially if Tesla’s are recalled which is possible,