Of course there's no inflation. That $5 carton of eggs is just a figment of your imagination.
OT: Shipping Cost Good News
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The question is if we should continue slowing down the economy via high interest rates. With inflation under 2%, that should be a pretty clear "no", right?
The only govt policy that drove inflation was Russia's policy of invading Ukraine.
You saying a current inflation rate of 1.8% means "dick" is only making you look like a fool.
This might be the most ridiculous thing you've ever said? The Federal government dropped a **** ton of money into the economy and the Fed didn't counteract it. There were supply issues related to COVID and Ukraine that contributed to price fluctuations, but it was largely the federal and state government that broke the economy, then dumped a **** ton of money into while production was down.
This comment made me think of Gov't Bureaucrats who ask for $6B in 2023 for their program when he / she spent $5B in 2022 but is offered $5.5B and calls that a draconian spending cut.
I paid $7. Where did you find $5? Eggs are an anomaly due to the bird flu. Sure some is due to inflation, but not most of that increase. There are plenty of other things to point to regarding inflation without using egg price increases that are largely due to another issue.
As with all things, these items do not happen in a vacuum and they are almost never impacted by just one thing, but a sequence of events.
I would imagine it has to do with a few things. Log Jam being cleared, at the same time demand dropping, and companies diversifying where they secure items.
The guvment is issuing “I” bonds at 6.89%. So inflation is at least that high.
Inflation and gas prices were on the rise long before Russia's Invasion. You not understanding excessive government spending doesn't cause inflation makes YOU look like a fool. Even Democrats know this. See this and educate yourself:
House Majority Whip Jim Clyburn (D., S.C.) on Thursday said congressional Democrats knew when they signed off on President Joe Biden's multitrillion-dollar legislative plans that the laws would lead to increased inflation.
'All of Us Knew': Biden Ally Says Democrats Knew Inflation Was Coming After Spending Bill
House Majority Whip Jim Clyburn (D., S.C.) on Thursday said congressional Democrats knew when they signed off on President Joe Biden's multitrillion-dollar legislative plans that the laws would lead to increased inflation.
freebeacon.com
The price of eggs isn’t a good example.
It's not, but at the same time, relative prices are always changing compared to each other. If we didn't have inflation, the price of other goods would moderate to offset the increase in the cost of eggs.
Yes but the price of eggs wasn’t the result of a change in monetary policy.
I wouldn't say government policies. Spending needed to happen, passed by democrats and signed by President even though he could have vetoed it and killed it. He knew, just like we all did at the time, letting the economy totally destroy itself in 2020 was not an option.
That spending led to inflation, because there is zero ways that it couldn't, and now we are seeing the effects of that. Now, the entire world is seeing inflation based on ours and their actions during 2020, and we will feel the effects of that in the short to mid term starting January 2022-2024. Small price to pay for the entire world economy not collapsing in 2020. We are in a position now to control the drop in the economy while we try to get the rate of inflation under control through interest rate hikes and quantitative tightening. Both will be painful, but remember, less painful that a total global collapse.
People after the fact are quick to forget the scenarios playing across the planet at the time the spending was approved. All of the unintended consequences pale in comparison to the worldwide collapse of the entire economy and people starving in the streets. In my opinion, the governments of the world did exactly what needed to be done, even with the mistakes made. The world, for the most part, made it through a very tough situation and it will take years to adjust back to something of a normal situation. By the unintended consequences I am referencing the inflation, pushing demand when supply was low, shipping issues, production issues, etc. All had to happen for various reasons, and all are less terrible in the short and long term than it would have been if the spending wasn't approved, in my opinion. Just think about it.... are we in "that" terrible of a position today? Not really. Even when the market drops another 20% this year, still not in that bad of a position.
Just look around. The supply chain is getting back in line with demand. The inflation rate, although not good, is adjusting itself back down. Energy prices are much better right now than projected for this winter during last summer. All projections on growth are down, but with the interest rates and CPI adjusting down, the fed will be able to cut the rate of interest rate increases this year. All of this leads to an opportunity to invest at a discount and get some really solid returns in 2024.
I have invested money in the Nasdaq because I am going to ride the 20% increase next year. I am going to feel some pain this year probably, so I am holding another large chunk of money to get into the Nasdaq again for a large chunk around August this year.
The price of eggs was directly in reference to the 2 billion chickens purged to stop a bird flu epidemic though.
Mostly not, no.
But inflation deniers tend to always be able to come up with some real world issue for whatever individual product (because there's pretty much always something that can be pointed to, whether it's the cause of a relative price change or not), and then just pretend that means they can ignore the overall price levels.
I don’t disagree with that. I’m just saying eggs are not a great example.
It's an oversimplification, sure. But it's in no way ridiculous. There's just no support for the "free money" narrative. It doesn't correlate to any of the data. It's just cranks that always say that, and can't let go of that narrative. They love that narrative because it justifies the policies they want (cut spending on the poor), and will never care about the facts.
To be fair, the inflation deniers have turned out to be right for 40 years now.
Democrats always wanting "free" schit from other people instead of letting the private sector work things out without government interference, draconian reglulations and excessive spending / borrowing is the problem.
It's not a given that the world will return to "normal". In fact, the stability we've had for decades is the outlier, not the norm.
Friendly reminder - “inflation” means prices are actively rising. That seems to be largely over. For all the talk of FED undercounting rates in 2021, they’re over counting it now. Which is why the markets have become more optimistic the last few months. They see a light at that the end of that tunnel.
While we’ve largely curbed inflation in North America - that’s not the case in the UK & Australia. Brexit is a part of that.
We get new PCE numbers on Friday. That’s the Fed’s gold standard.
While we’ve largely curbed inflation in North America - that’s not the case in the UK & Australia. Brexit is a part of that.
We get new PCE numbers on Friday. That’s the Fed’s gold standard.
The unregulated market profiteering is the problem. Markets are not some magical force that will give the best result by rule of nature.
Inflation and gas prices were on the rise long before Russia's Invasion. You not understanding excessive government spending doesn't cause inflation makes YOU look like a fool. Even Democrats know this. See this and educate yourself:
House Majority Whip Jim Clyburn (D., S.C.) on Thursday said congressional Democrats knew when they signed off on President Joe Biden's multitrillion-dollar legislative plans that the laws would lead to increased inflation.
'All of Us Knew': Biden Ally Says Democrats Knew Inflation Was Coming After Spending Bill
House Majority Whip Jim Clyburn (D., S.C.) on Thursday said congressional Democrats knew when they signed off on President Joe Biden's multitrillion-dollar legislative plans that the laws would lead to increased inflation.
Clyburn is at the rightmost edge of the Dem Party. Only a fool thinks what he says proves anything.
Free Market American Capitialism that was allowed to happen based on our Constitution's Laws that protect individual property rights fueled an economic explosion that improved the human condition on a Global Scale the likes never dreamed of in World History.
Just the other day he described CNN has 'typical right-of-center MSM journalism'... so, that's highly doubtful.
You must be an elementary school teacher who promotes pronoun choices and Drag Queen Story Hour. Or maybe a government social worker. Or Maybe a Fed. Clyburn's name doesn't belong in the same sentence with the word "Right".
Yeah! I remember Joe Biden wanting to literally write his name on stimmy checks!
It's a great thing. But it's not magic. Too much of a good thing can be bad, maybe very bad. The dose makes the poison is a saying that goes back to ancient Greece, people have known this for that long. Maybe you'll catch on soon.
Capitalism requires competition, for example. We don't have nearly as much of that anymore, because we took our eyes off the ball due to misguided simple-minded beliefs like yours (stoked by the very muti-national corps looking to avoid competiton). That lack of competition has allowed corps to profiteer in the name of inflation, and is much more of a cause of the inflation we saw than govt spending.
Also getting a kick from "our Constitution's Laws".
Al Gore said in '98 the polar ice caps would be gone in 2013. Climate's been changing before humans and I find it ironic once the hockey stick BS was exposed it went from "Global Warming" to "Climate Change" where leftists could use every weather pattern that exists to promote their money grabbing agenda. Educate yourself with common sense here and you can thank me later.
Ok, Gore wasn't fully right. Who is? But was he right that the planet was warming?
And that is what Early Stage Capitalism looks like. Later stages of Capitalism doesn't look as good for the individual or the world as the greed grows too powerful to be in a position to be adequately checked by the system.
He was also right that the polar ice caps are melting at a very fast rate. Who knew dealing with almost an infinite amount of variables, and ever changing global actions was tough to get a prediction estimate exactly correct to the exact year. I am sure everyone here passed thermodynamics with a perfect 100 score without studying.
Lol, and of course your claim is wrong too. Keep it up, you're a hoot!
Al Gore did not ‘predict’ ice caps melting by 2013 but misrepresented data
A 2009 comment by former U.S. vice president Al Gore that the North Pole would be ice-free by summer 2013 has gone viral in tandem with COP26 climate talks in Glasgow. The quote has been used to claim he made bogus predictions. While he did say something similar, the claim misrepresents his...
www.reuters.com
The world will return to a "stable" situation through time. Wars, famine, global economic issues are the outlier if you graph it out long enough. Each barely a blip on the radar.
So how does the standard of living compare to those living in South Korea VS North Korea? West Germany VS East Germany before the Wall Came Down? Miami VS Cuba? Venezuela VS Chile? Hong Kong and Taiwan VS China? Socialilists and Communists have the same end goal game they play. The difference is Communism takes control by guns pointed at heads; socialism does it thru democracy / voting. Basically only a difference between murder and suicide.
You fellas arguing with Boom Boom about inflation will end up more frustrated with that idiot than if you tried to beat your meat using your off hand and wearing a sandpaper oven mitt.
Hmmm....based on your known predilections, I can't tell if you're saying they're going to end up frustrated or not....
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