Inflation surges 7% in December, highest rate in 40 years

[Luther]

Free pass on what?

The topic of this thread?

 

[highroller]

The topic of this thread?

Complaining about inflation? Have you read this thread?

 

[Luther]

Complaining about inflation? Have you read this thread?

I read that INFLATION has increased by 7% in Dec(last month)

Is that enough?

 

[MTAtech]

The Fed has a history of reacting too late.

While I think the Fed overreacted in 1980 by tightening too much, the Fed's performance is much better than before there was a Fed and especially better since they honed monetary policy. In the 2008 financial crash the Fed gets high grades for doing what they should have done. The below chart goes back 100 years but in the 1800s there were wild boom and bust cycles, as the chart at the bottom shows. In the last 70 years, the Fed has generally managed inflation well.

 

[highroller]

I read that INFLATION has increased by 7% in Dec(last month)

Is that enough?

No it’s not. There are many reasons for inflation. Claiming that anyone that does not agree with your narrative is giving Biden a “free pass” is missing the facts that inflation comes from many sources.

 

[georgephillip]

Another view. Fed raises rates economy crashes

View attachment 67369490

With regard to the 2019 Global Slowdown, there may be a rising awareness of the supreme arrogance and corruption on display at the Fed and it Primary Dealers on Wall Street?

https://wallstreetonparade.com/2022...me-journalists-appear-to-be-under-gag-orders/

"Four days ago, the Federal Reserve released the names of the banks that had received $4.5 trillion in cumulative loans in the last quarter of 2019 under its emergency repo loan operations for a liquidity crisis that has yet to be credibly explained.

"Among the largest borrowers were JPMorgan Chase, Goldman Sachs and Citigroup, three of the Wall Street banks that were at the center of the subprime and derivatives crisis in 2008 that brought down the U.S. economy.

"That’s blockbuster news.

"But as of 7 a.m. this morning,(1/3/22) not one major business media outlet has reported the details of the Fed’s big reveal."

 

[danielpalos]

We should be discovering solutions to our supply-side problems. Upgrading infrastructure could be done with the latest technologies and on a modular, mass production basis.

 

[highroller]

We should be discovering solutions to our supply-side problems. Upgrading infrastructure could be done with the latest technologies and on a modular, mass production basis.

That’s infrastructure

 

[danielpalos]

That’s infrastructure

It is up to Government to socialize our problems through better infrastructure that can help with supply-side and scale economies.

 

[rahl]

Biden's approval rating continues to fall, and is below 50% and is within the margin of error of Trump's at the same point in their presdency; It was accurate for the poster to say anyone who supports Biden is a shrinking minority.

Yet biden is still more popular than trump was at the same point lol.

 

[danielpalos]

I make a motion for a party of Capitalism to advance industrial forms of automation that have infrastructure build itself whenever we need to upgrade it to modern times; if our political parties only have politics as usual instead of better solutions at a potentially lower cost. Object orientation can help with mass production on Earth and eventually be sent ahead with human followup.

 

[Metric Mouse]

Yet biden is still more popular than trump was at the same point lol.

Within the margin of error, so one cannot statistically say that. (I realize that this is very high level math that most people won't understand, but it is mathematically true.)

And yes, neither president's popularity is comparable to the level of previous president's, such as Bush's at this point in his presidency.

 

[rahl]

Within the margin of error, so one cannot statistically say that. (I realize that this is very high level math that most people won't understand, but it is mathematically true.)

Biden has a higher rating than trump. I’m sorry you don’t like that.

And yes, neither president's popularity is comparable to the level of previous president's, such as Bush's at this point in his presidency.

Lol

 

[Metric Mouse]

Biden has a higher rating than trump. I’m sorry you don’t like that.

Lol

As I said, high level math is not for everyone...

Kinda like positive approval ratings...

 

[highroller]

I make a motion for a party of Capitalism to advance industrial forms of automation that have infrastructure build itself whenever we need to upgrade it to modern times; if our political parties only have politics as usual instead of better solutions at a potentially lower cost. Object orientation can help with mass production on Earth and eventually be sent ahead with human followup.

So you want to go back to the dark ages... Okay....

 

[Kushinator]

Unfortunately for you, I have degrees in this stuff and it is my area of work.

Oh man... i guess you just told me. What are you, 12?

But I’m wrong because “Trump bad, Biden good…”

No, you're wrong because the idiotic statement, "if you gave everyone $xxxxxxxx" millionaires would be considered poor" doesn't illustrate supply and demand, nor does it have any semblance to reality. Your position is contradictory. In one sentence, you claim that deficit reduction could reduce supply and cause inflation:

Inflation happens when the balance between supply and demand CHANGES. The rate of the deficit hasn’t change enough to disrupt this balance. If they decide to reduce the deficit aggressively, the could reduce supply and cause inflation. So it depends…

and later

If Biden gave away 1 trillion dollars to every person in the USA, do you think everyone could live like bill gates? Of course not, prices would go up to offer the large supply of money. Milk would cost $10,000 a gallon. That is what happened when Biden paid every Tom, Dick, and Harry to stay home with enhanced unemployment benefits that lasted far too long…

 

[rahl]

As I said, high level math is not for everyone...

You should probably stop trying then.

Kinda like positive approval ratings...

yea, poor trump.

 

[Metric Mouse]

You should probably stop trying then.

yea, poor trump.

Yes, he and Biden have similar negative approval numbers. They are not very popular.

 

[Taylor]

The main difference between my contentions and yours is I can support my contentions with citations.

Inflation is a global problem

But a few unique factors are driving up prices in the United States.

www.google.com

https://www.google.com/url?q=https://www.fitchratings.com/research/sovereigns/rising-inflation-widespread-globally-us-stands-out-14-12-2021&sa=U&ved=2ahUKEwiC19KxyrT1AhW-JUQIHYTpAdEQFnoECAcQAg&usg=AOvVaw2FElIO202_h9_VaRgpVSo6

Inflation Rate - Countries - List

This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Inflation Rate. This page provides values for Inflation Rate reported in several countries. The table has current values for Inflation Rate, previous releases, historical...

tradingeconomics.com

LMAO! Thanks for proving my point. Yes, I posted those numbers early in the thread. Bidenflation is not a worldwide phenomenon.

France: 2.8
Australia: 3.0
China: 1.5
Canada: 4.7
South Korea: 3.7
Switzerland: 1.5
Brandon: 7.0

 

[rahl]

Yes, he and Biden have similar negative approval numbers. They are not very popular.

I know. Even worse for trump. He never had a positive approval rating lol.

 

[Metric Mouse]

I know. Even worse for trump. He never had a positive approval rating lol.

Yep. Neither has approval ratings like popular presidents did. Literally the worst two in modern history, and within the margin of error of each other. Compared to popular presidents like Bush, at this point in his term, it is embarrassing.

 

[highroller]

Yep. Neither has approval ratings like popular presidents did. Literally the worst two in modern history, and within the margin of error of each other. Compared to popular presidents like Bush, at this point in his term, it is embarrassing.

We didn’t have propaganda networks working overtime back then.

 

[danielpalos]

A hypothetical party of Capitalism could have a rule that proclaims, the Capitalist who paid the most in personal, direct taxes the previous year gets the deciding vote in any tie.

 

[Kushinator]

And yes, neither president's popularity is comparable to the level of previous president's, such as Bush's at this point in his presidency.

Have you even mentioned anything related to the thread? Biden's approval rating might get GQP hardliners erect, but it has nothing to do with inflation.

 

[Metric Mouse]

Have you even mentioned anything related to the thread? Biden's approval rating might get GQP hardliners erect, but it has nothing to do with inflation.

Not that it's any of my business, but do you spend a lot of time fantasizing about how to

get GQP hardliners erect

?