Core Inflation Falls To Lowest Rate In Four Years

[ncguy]

My thoughts exactly.
What also 'boomed' under Biden was the progressive spending programs, pushing progressive ideology, much of which was 'back-doored' through the admin's progressive buddies and their NGOs.

do you get paid to use the word "progressive"? I hope so.

can you give some examples of these "progressive spending programs"?

 

[iguanaman]

Blast furnaces are old tech but they’re far from obsolete. They’re still used for extracting iron form ore to create virgin steel, while arc furnaces are primarily used for recycling scrap.

Steel Manufacturing Requires Efficient Electric Arc Furnaces​

Steel production emissions are mostly due to traditional blast furnaces, but as the industry responds to the need for cleaner operation, alternatives are increasing in popularity. The simplest way to produce steel from high quality scrap is to melt the ferrous scrap in an electric arc furnace (EAF). With many countries restricting and controlling the construction of traditional blast furnaces, EAF is also a lower cost approach. Furthermore, if the electricity in an EAF is generated from a low carbon source, this is also a more environmentally friendly approach.

There has been a significant adoption of EAFs over the years, and more are being built to replace traditional blast furnaces. In countries where electricity is relatively low cost (and also in Europe), steel produced using electricity already accounts for around 50% of total crude steel production.

https://www.advancedenergy.com/en-u...est way to produce,also a lower cost approach.

 

[Ahlevah]

Steel Manufacturing Requires Efficient Electric Arc Furnaces​

Steel production emissions are mostly due to traditional blast furnaces, but as the industry responds to the need for cleaner operation, alternatives are increasing in popularity. The simplest way to produce steel from high quality scrap is to melt the ferrous scrap in an electric arc furnace (EAF). With many countries restricting and controlling the construction of traditional blast furnaces, EAF is also a lower cost approach. Furthermore, if the electricity in an EAF is generated from a low carbon source, this is also a more environmentally friendly approach.

There has been a significant adoption of EAFs over the years, and more are being built to replace traditional blast furnaces. In countries where electricity is relatively low cost (and also in Europe), steel produced using electricity already accounts for around 50% of total crude steel production.

https://www.advancedenergy.com/en-us/about/news/blog/steel-manufacturing-requires-efficient-electric-arc-furnaces/#:~:text=The simplest way to produce,also a lower cost approach.

Like I said, scrap metal, not virgin steel. Greenies want the arc furnaces for virgin steel, but blast furnaces are not obsolete by any means.

 

[Chomsky]

I’m not waiting. T-bills and chill. And bonds, because all of the “experts” are saying they “suck.” “Suck” is music to my contrarian ears. I mean, how will we have accelerating inflation when the M2 money stock is lower than it was three years ago? Throw in massive levels of consumer debt and the potential for the collapse of asset bubbles in stocks, housing, and crapto, and I’ll take my chances on the sucky bonds.

I really can't argue with this.

 

[Chomsky]

The history of tariff failure should have educated Trump, but you'll be surprised to learn that he knows more about anything you care to mention than anyone else in the history of knowing about things.

Dunning-Krueger.

 

[eohrnberger]

do you get paid to use the word "progressive"? I hope so.

Its not my fault that progressives and progressivism is the ban of human existence.
They brought that on themselves, and it is rightfully applied.

can you give some examples of these "progressive spending programs"?

Anything which supported the 'Green New Deal', DEI, for a start, both nationally and internationally, typically funneled through USAID, and paying off their leftist buddies leading NGO's.
You can add to that both the broadband access spending (which hasn't connected anyone) in spite of costing millions or billions, and the charging stations, which have built like 5 or 6 of them in spite of costing millions or billions.

 

[dairyair]

So what is your point? Did SS fall behind inflation?

Wages did, until Biden was kicked out.

LOL. presidents don't control the wages of private corporations.
Why did that have to be stated?

 

[dairyair]

As I've expressed, I'm less than enthused with that bill, and my position is that US federal spending should go back to pre-COVID levels.

Were you expecting something different?
trump had a track record. This is not something new for trump and R congress.
It's been the way they operated since the days of Reagan. At least Reagan had the balls to try and pay for it with taxes. But still is the president that increased the debt and deficits the most of any president in history, outside the war time presidents.

So 40 yrs of track record. Were you expecting something different?

 

[eohrnberger]

Were you expecting something different?
trump had a track record. This is not something new for trump and R congress.
It's been the way they operated since the days of Reagan. At least Reagan had the balls to try and pay for it with taxes. But still is the president that increased the debt and deficits the most of any president in history, outside the war time presidents.

So 40 yrs of track record. Were you expecting something different?

Expecting?
No, that's probably too strong a word.
Hoping, I think, would be more accurate. Perhaps foolishly so.

 

[Juks]

As I just said in the thread regarding new jobs, the BLS is compromised, and their figures cannot be trusted.

 

[GOP Hippo]

Yeah, Biden started that trend of lowering inflation rates after the fallout of Covid and supply chain issues. Let's hope Trump doesn't **** it up too much.

Geez, that opinion has to be forced.

When Joe Biden took office inflation was at 1.4%

All Biden had to do was sit back and let people go back to work. The economy would have come alive.
Biden couldn't just be smart and claim all the positives of an economy roaring back to life.
Nope.
Biden had to spend an extra $2 Trillion rewarding phonies.

Inflation began to soar. The Biden administration ignored it. They said inflation claims were a fox news lie. Then they switched over to say inflation was "transitory"
They continued to do nothing. They ignored the reality of soaring inflation,
They did nothing.

Over a year later the Biden Administration acknowledges inflation and blames it on Putin.

 

[dairyair]

Expecting?
No, that's probably too strong a word.
Hoping, I think, would be more accurate. Perhaps foolishly so.

Hope in one hand, crap in the other.
Never bet on hope.
Especially when there's a recorded history.

 

[dairyair]

Geez, that opinion has to be forced.

When Joe Biden took office inflation was at 1.4%

All Biden had to do was sit back and let people go back to work. The economy would have come alive.
Biden couldn't just be smart and claim all the positives of an economy roaring back to life.
Nope.
Biden had to spend an extra $2 Trillion rewarding phonies.

Inflation began to soar. The Biden administration ignored it. They said inflation claims were a fox news lie. Then they switched over to say inflation was "transitory"
They continued to do nothing. They ignored the reality of soaring inflation,
They did nothing.

Over a year later the Biden Administration acknowledges inflation and blames it on Putin.

OMG. When biden took office everyone was sitting home waiting for covid to end.

collecting money to stay home and no products to buy. And that led to a shortage of products.

Biden doesn't control private industry. He can't order anyone to go to work.
All those people stopped working when trump was president. Why did he do that?

 

[eohrnberger]

Hope in one hand, crap in the other.
Never bet on hope.
Especially when there's a recorded history.

Never bet on politics in the first place, I'd say. Lose your money, you will.

 

[ALiberalModerate]

Why do you trumpers post things you know aren’t true?

For the same reason the obvious Trumper won’t admit he is one.

 

[ALiberalModerate]

Geez, that opinion has to be forced.

When Joe Biden took office inflation was at 1.4%

All Biden had to do was sit back and let people go back to work. The economy would have come alive.
Biden couldn't just be smart and claim all the positives of an economy roaring back to life.
Nope.
Biden had to spend an extra $2 Trillion rewarding phonies.

Inflation began to soar. The Biden administration ignored it. They said inflation claims were a fox news lie. Then they switched over to say inflation was "transitory"
They continued to do nothing. They ignored the reality of soaring inflation,
They did nothing.

Over a year later the Biden Administration acknowledges inflation and blames it on Putin.

Wait a second. In your view, Trump’s 3.8 trillion in Covid stimulus had nothing to do with post pandemic inflation, it was all Biden’s 2 trillion?

How do rabid partisans believe such nonsense? Perhaps they are both to blame. Or perhaps we would have had it anyway since the whole developed world had high inflation.

 

[eohrnberger]

Wow. How easily people succumb to brainwashing.

Trump ended his 1st term with a net job loss. How do you figure that this is a strong, growing economy?

Politically convenient ignoring the impact of COVID.
I'd say that you were engaging in some brainwashing there, or at least 1/2 truth propaganda.
Of course I'd never expect you to see this reality. Party blinders and all.

 

[CaughtInThe]

I think MAGA has Stockholm Syndrome.

At least with respect to how Trump kills services that their families will need, lies to them constantly, trashes any MAGA that steps out of line and they still love him like he's their daddy as he enriches himself at their expense.

 

[Tettsuo]

Politically convenient ignoring the impact of COVID.
I'd say that you were engaging in some brainwashing there, or at least 1/2 truth propaganda.
Of course I'd never expect you to see this reality. Party blinders and all.

Why should I or any left-leaning person give Trump any grace when the entire right has spent years complaining about Biden's inflation and completely ignoring the fact that COVID played an enormous part in it?

Trump did indeed leave office with a net job loss, and COVID or not, he didn't pass a strong economy to Biden. That's not a 1/2 truth, it's a full lie to say otherwise.

 

[eohrnberger]

Why should I or any left-leaning person give Trump any grace when the entire right has spent years complaining about Biden's inflation and completely ignoring the fact that COVID played an enormous part in it?

Yes, COVID had 'played an enormous part' in the inflation during Biden's term. Biden's, and the Dem's - who controlled all three houses in DC, threw the stupid spending fuel on that inflation fire. It is this the complaint, one which you appear to be skipping.

Trump did indeed leave office with a net job loss, and COVID or not, he didn't pass a strong economy to Biden. That's not a 1/2 truth, it's a full lie to say otherwise.

Interesting that you include COVID impact in Biden's term, and yet wish to ignore the COVID impact in Trump's terms.
Don't you think that it should be either included in both, or ignored in both? All things being fair and honest?

 

[Tettsuo]

Interesting that you include COVID impact in Biden's term, and yet wish to ignore the COVID impact in Trump's terms.
Don't you think that it should be either included in both, or ignored in both? All things being fair and honest?

It should be ignored for both, absolutely. There's little that could have been done regardless of who was president.

Again, even if we offer grace to Trump because of COVID, Trump did not pass a great economy to Biden. Was it because of COVID? Yep. Still doesn't change the fact that Biden walked into a crap storm.

 

[Tettsuo]

Yes, COVID had 'played an enormous part' in the inflation during Biden's term. Biden's, and the Dem's - who controlled all three houses in DC, threw the stupid spending fuel on that inflation fire. It is this the complaint, one which you appear to be skipping.

Not skipping it at all. I saw the Dems tossing fuel to the inflation fire because people needed the money, and they obliged. That investment led to the US having one of the best COVID recoveries in the world.

 

[eohrnberger]

It should be ignored for both, absolutely. There's little that could have been done regardless of who was president.

OK.

Again, even if we offer grace to Trump because of COVID, Trump did not pass a great economy to Biden. Was it because of COVID? Yep. Still doesn't change the fact that Biden walked into a crap storm.

Not skipping it at all. I saw the Dems tossing fuel to the inflation fire because people needed the money, and they obliged.

The multiple tranches of COVID relief spending was overly generous. I have minimal argument with this because we kinda had to do this part of the spending, and the same with the inflation that's a result of this spending.

Specific to needless spending which increased the impact of the inflation, I'm thinking of all the leftist ideologically driven spending in multiple bills in support of the New Green Deal (and their distinct lack of results) as well as the spending on promoting those leftist ideologies both nationally and internationally.

All that spending did indeed throw more fuel on the already bad inflation fire, resulting in it being worse than it needed to be.

That investment led to the US having one of the best COVID recoveries in the world.

'Investment'? Opinions differ on that WRT the Dem's spending spree and what was spent on - interleaved with non-ideologically driven spending in those bills signed into law.

 

[dairyair]

Politically convenient ignoring the impact of COVID.
I'd say that you were engaging in some brainwashing there, or at least 1/2 truth propaganda.
Of course I'd never expect you to see this reality. Party blinders and all.

LOL.
All trumpers say the inflation under biden was biden fault. Not COVID.
But all the job losses under trump wasn't trump, but COVID.

Partisan hacks are a riot.

 

[eohrnberger]

LOL.
All trumpers say the inflation under biden was biden fault. Not COVID.

Apparently you have reading comprehension issues.

But all the job losses under trump wasn't trump, but COVID.

Yep, this now a certainty.

In neither case what you have posted is remotely similar to what I've posted. Go figure.

Partisan hacks are a riot.

As you so clearly are showing with your post.