Inflation is Through the Roof - Whats Biden Admin's First Priority? Stockholders, of course!

[Pohemi]

I guess that I wouldn't be as worried about the price of my $15 BBQ sandwich and $14 cocktail (again, more real life examples of things that cost me 15% more this week than they did a just year ago) if I just got a big raise to back it up. It hasn't arrived yet, though.

Cry me a river about how your bourgeois cocktail went up $2. Keep pretending like you have real problems to complain about.

I think that that price increase has more to do with the increase in the Connecticut minimum wage than anything else.

Yes yes, convenient to blame it on something that you no doubt disagreed with.
You are mistaken, but it is very possible you know this, and are being disingenuous about it as well.
Either way, it's a stupid statement.

It's almost like OP gets off on being hilariously wrong.

Why else would he do it daily, with nearly every thread and post that he makes? Obviously a psych issue.

In my experience finance people are some weird mix of incredibly capable people and some of the dumbest mouth breathers I’ve ever encountered.

Yeah, and most of us can see which of those two s0meIdi0t obviously is...

I hope you're not trying to pin any of this on the current admin. What did you think would happen when you put a real estate huckster/developer in charge of policy, anyway?

Projection and distraction from dishonest clowns. Same shit, different fucking day with these dumb bastards.

 

[FelixDeCat]

We only have to put up with Biden just a few more years and then Gregg Abbott will become president and will undo all the crazy socialist money printing that is devaluing the currency and causing inflation.

Abbott will be only the second president to wheel into the White House, following FDR.

 

[HomerJS]

We only have to put up with Biden just a few more years and then Gregg Abbott will become president and will undo all the crazy socialist money printing that is devaluing the currency and causing inflation.

Abbott will be only the second president to wheel into the White House, following FDR.

Considering you voted for and support Trump this statement has very little credibility.

Also Abbot is the worst when it comes to maintaining his states infrastructure.

 

[ch33zw1z]

We only have to put up with Biden just a few more years and then Gregg Abbott will become president and will undo all the crazy socialist money printing that is devaluing the currency and causing inflation.

Abbott will be only the second president to wheel into the White House, following FDR.

We should just borrow to cut taxes for the wealthy again cuz feels.

 

[IronWing]

We only have to put up with Biden just a few more years and then Gregg Abbott will become president and will undo all the crazy socialist money printing that is devaluing the currency and causing inflation.

Abbott will be only the second president to wheel into the White House, following FDR.

As you're a treasonous fuck who enjoys the company of pathological liars, I can see why you'd like to see Abbott in the Whitehouse.

 

[dank69]

Inflation is due to limited supply caused by the supply chain getting fucked by rona. Which conservatives are trying their damnedest to drag on and on.

It's almost like OP gets off on being hilariously wrong.

If you browse his posts in P&N over the past few years you'll quickly realize you can remove the "almost" from your observation.

 

[VRAMdemon]

We should just borrow to cut taxes for the wealthy again cuz feels.

Courtesy of today’s Two Minutes of Hate - It turns out tax cuts ARE socialism.

https://twitter.com/x/status/1415814438213595138

In other news, we have always been at war with Eastasia.

 

[ch33zw1z]

Courtesy of today’s Two Minutes of Hate - It turns out tax cuts ARE socialism.

https://twitter.com/x/status/1415814438213595138

In other news, we have always been at war with Eastasia.

RWMSM be like "ez"

 

[HomerJS]

1. The OP LIED about Bidens's first priority. That was fighting COVID
2. Lindsay Graham stated he would go to war to getting Chik-fil-A onto a college campus to which he has been silent.

A US Senator wants Chik-Fil-A on a college campus. That should NEVER be on a Senators agenda.

 

[s0me0nesmind1]

1. The OP LIED about Bidens's first priority. That was fighting COVID
2. Lindsay Graham stated he would go to war to getting Chik-fil-A onto a college campus to which he has been silent.

A US Senator wants Chik-Fil-A on a college campus. That should NEVER be on a Senators agenda.

Meanwhile....inflation is still astronomical with no studies that suggest it will stop lol.

 

[fskimospy]

Meanwhile....inflation is still astronomical with no studies that suggest it will stop lol.

If you believe this you are stupid.

Again I think you claim to be involved in finance somehow. Holy shit I would be horrified if you had anything to do with my money. You’re just too incompetent.

 

[Meghan54]

Meanwhile....inflation is still astronomical with no studies that suggest it will stop lol.

About them rising lumber prices that cons seized upon to point out the massive inflation…you know, lumber’s pricing that was up 90% for 2021?

Guess what’s happened? Lumber’s price is now DOWN 30% for 2021. WTF happened? Demand was tempered by the price increase, then supply began to catch up, which dropped prices…now below where they started 2021.

Amazing how it’s working. Once supply catches up with demand, prices drop, which is the scenario most economists are leaning towards right now. This spike in inflation is temporary and will be short-lived.

 

[fskimospy]

About them rising lumber prices that cons seized upon to point out the massive inflation…you know, lumber’s pricing that was up 90% for 2021?

Guess what’s happened? Lumber’s price is now DOWN 30% for 2021. WTF happened? Demand was tempered by the price increase, then supply began to catch up, which dropped prices…now below where they started 2021.

Amazing how it’s working. Once supply catches up with demand, prices drop, which is the scenario most economists are leaning towards right now. This spike in inflation is temporary and will be short-lived.

There’s always something, somewhere that’s seeing sharp price increases so the trick to being a good inflation scaremonger is to continually pivot to a new thing and pretend the last wrong prediction you made never happened.

 

[ivwshane]

About them rising lumber prices that cons seized upon to point out the massive inflation…you know, lumber’s pricing that was up 90% for 2021?

Guess what’s happened? Lumber’s price is now DOWN 30% for 2021. WTF happened? Demand was tempered by the price increase, then supply began to catch up, which dropped prices…now below where they started 2021.

Amazing how it’s working. Once supply catches up with demand, prices drop, which is the scenario most economists are leaning towards right now. This spike in inflation is temporary and will be short-lived.

Lol did you learn this from reading/watching reliable news sources or something? You freaken commie liberal!

/s


It’s like righties never learned to fact check.

 

[FelixDeCat]

Meanwhile....inflation is still astronomical with no studies that suggest it will stop lol.

Its about money supply. There is too much money out there chasing fewer goods in certain categories like cars, homes, guns and electronics.

If the Fed would quit printing money and raise interest rates back to "normal" (2019 levels at least) along with government stopping the stupid handout programs, prices would stabilize and supply would become more available.

Another option to pull money out of the economy is tax increases on those making $50,000 or more. We have to repay the trillions of dollars we have already borrowed and cut government spending drastically. This is called "austerity" and we need it badly.

 

[MrSquished]

Its about money supply. There is too much money out there chasing fewer goods in certain categories like cars, homes, guns and electronics.

If the Fed would quit printing money and raise interest rates back to "normal" (2019 levels at least) along with government stopping the stupid handout programs, prices would stabilize and supply would become more available.

Another option to pull money out of the economy is tax increases on those making $50,000 or more. We have to repay the trillions of dollars we have already borrowed and cut government spending drastically. This is called "austerity" and we need it badly.

Oh give it a rest. When Trump gave the uber wealthy the biggest tax cuts, giving them tons of money to spend as they wished, we didn't experience rising inflation, so stop pretending giving the less wealthy some crumbs is the cause of inflation. This inflation is almost 100% the result of COVID-related events and supply related shortfalls due to Covid stopping production and then in the US with Covid being corralled, a sudden massive demand of goods - whereas a lot of the world is still experience Covid related production shortfalls.

All you people do is bullshit.

 

[fskimospy]

Its about money supply. There is too much money out there chasing fewer goods in certain categories like cars, homes, guns and electronics.

If the Fed would quit printing money and raise interest rates back to "normal" (2019 levels at least) along with government stopping the stupid handout programs, prices would stabilize and supply would become more available.

Another option to pull money out of the economy is tax increases on those making $50,000 or more. We have to repay the trillions of dollars we have already borrowed and cut government spending drastically. This is called "austerity" and we need it badly.

This is all insanely terrible economic advice.

So presumably you believe we will see high inflation until we do what you suggest. Assuming Biden and the fed don’t follow your advice what future events do you think would prove you wrong?

 

[HomerJS]

Meanwhile....inflation is still astronomical with no studies that suggest it will stop lol.

Meanwhile you are still a fucking liar with zero credibility. Myself and others have proven that many times and it's proven once more.

 

[Meghan54]

Lol did you learn this from reading/watching reliable news sources or something? You freaken commie liberal!

/s


It’s like righties never learned to fact check.

Was on CNBC's Trading Nation show Wednedsay...Gakshman Achuthan, Economic Cycle Research Institute co-founder. Quoted lumber commodity prices and saw no reason to doubt as lumber prices at retail have fallen...so makes sense commodity prices for same "thing" would also be dropping. My bad for thinking.....

 

[Vic]

There’s always something, somewhere that’s seeing sharp price increases so the trick to being a good inflation scaremonger is to continually pivot to a new thing and pretend the last wrong prediction you made never happened.

You've just described right-wing propaganda in general.

 

[K1052]

There’s always something, somewhere that’s seeing sharp price increases so the trick to being a good inflation scaremonger is to continually pivot to a new thing and pretend the last wrong prediction you made never happened.

an illustration for the more challenged among us:

 

[FelixDeCat]

This is all insanely terrible economic advice.

So presumably you believe we will see high inflation until we do what you suggest. Assuming Biden and the fed don’t follow your advice what future events do you think would prove you wrong?

Actually its excellent economic advice. Let me give you another example why:

They government has decided in the best interest of the economy it will distribute $1 million for every tax paying adult earning less than $100,000 per year. Can you imagine what would happen to prices? Overnight, the average home price in America would be ....$1M. Overnight the government would not be on the hook for $100 trillion dollars in debt. Prices would sky rocket to the point as to render all the newly minted millionaires LOWER middle class, again. Dollars are worth less the more that is simply given away to people who dont try to earn it as no value is created in correlation to their creation other than to clean the store shelves clean as people seek to convert worthless dollars into goods. Creating dollars out of thin air is inflation!

 

[ivwshane]

Actually its excellent economic advice. Let me give you another example why:

They government has decided in the best interest of the economy it will distribute $1 million for every tax paying adult earning less than $100,000 per year. Can you imagine what would happen to prices? Overnight, the average home price in America would be ....$1M. Overnight the government would not be on the hook for $100 trillion dollars in debt. Prices would sky rocket to the point as to render all the newly minted millionaires LOWER middle class, again. Dollars are worth less the more that is simply given away to people who dont try to earn it as no value is created in correlation to their creation other than to clean the store shelves clean as people seek to convert worthless dollars into goods. Creating dollars out of thin air is inflation!

So in your mind giving people a million dollars is the equivalent to giving them a couple thousand?

Lol

Would you like to see how that logic applies to other scenarios or can you figure out why your example is ridiculous?

 

[fskimospy]

Actually its excellent economic advice. Let me give you another example why:

They government has decided in the best interest of the economy it will distribute $1 million for every tax paying adult earning less than $100,000 per year. Can you imagine what would happen to prices? Overnight, the average home price in America would be ....$1M. Overnight the government would not be on the hook for $100 trillion dollars in debt. Prices would sky rocket to the point as to render all the newly minted millionaires LOWER middle class, again. Dollars are worth less the more that is simply given away to people who dont try to earn it as no value is created in correlation to their creation other than to clean the store shelves clean as people seek to convert worthless dollars into goods. Creating dollars out of thin air is inflation!

Creating dollars is inflation? Then explain this.

If anything there’s an inverse correlation for the most part. You have no idea what you’re talking about.

Regardless, make a prediction about inflation that if it doesn’t happen will cause you to admit being wrong.

 

[FelixDeCat]

So in your mind giving people a million dollars is the equivalent to giving them a couple thousand?

Lol

Would you like to see how that logic applies to other scenarios or can you figure out why your example is ridiculous?

Where did I compare $1k to $1m? I used the $1M example to illustrate a point. If I had used $5k you would have simply dismissed it and missed the point I was making.

Now, I will grant you that so far the average taxpayer has received less than $5k in government hand outs so far but you can see already the damage it has done to purchasing power (i.e. Inflation).