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Biden creates an economic crisis--Unemployment, Inflation, risk of STAGLFATION increasing


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22 minutes ago, SoCal Deek said:

I’m curious as to whether you’re all experiencing the steep recent rise in gas  prices in the rest of the country that we’re dealing with in California. While they trended down for a few weeks they’re now right back to the high point again, if not even higher. 


According to the news it’s just us. 

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Nice job Covidiots!

 

 

 

Social Security Increase Will Be Eaten by Inflation

 

In the middle of next month, Social Security payments are likely to be increased by 8% a year or better. While this is the most significant increase in 40 years, the jump will be entirely eaten up by inflation. Recipients may be worse off than when the cost of living increases were about 2%, in line with the inflation rate up until this year.

 

https://247wallst.com/economy/2022/09/27/social-security-increase-will-be-eaten-by-inflation/

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1 hour ago, Big Blitz said:

Nice job Covidiots!

 

 

 

Social Security Increase Will Be Eaten by Inflation

 

In the middle of next month, Social Security payments are likely to be increased by 8% a year or better. While this is the most significant increase in 40 years, the jump will be entirely eaten up by inflation. Recipients may be worse off than when the cost of living increases were about 2%, in line with the inflation rate up until this year.

 

https://247wallst.com/economy/2022/09/27/social-security-increase-will-be-eaten-by-inflation/


What will inflation be in 2023? 

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31 minutes ago, Chef Jim said:


What will inflation be in 2023? 

 

 

As I've been saying for weeks....

 

We need to stop saying "Inflation" as if it's like Tyreek Hill and we need to figure out how to stop it.  

 

It's your economy now. 

 

This is a 10 plus year problem 

 

1.  We haven't hit the unemployment phase of this unfolding recession

 

2. We can't afford anything 

 

3. Housing hasn't impacted local budgets yet - that's coming

 

 

 

The solutions to this ***t show economy where we thought working from home for 18 plus months was a great idea requires immediate outside the box thinking

 

It's funny how money grows on trees for your government to spend - but propose policies like people that make under 100K pay ZERO in taxes then progressively increase from there and well nope we can't do that.  How will we ever fund the government we need to payoff your Gender Studies degree.  

Edited by Big Blitz
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BIDENFLATION: FedEx Announces Biggest Ever General Rate Increase.

 

“Effective January 2, 2023, FedEx Express, FedEx Ground, and FedEx Home Delivery rates will increase by an average of 6.9 percent,” the company said in a news release on Sept. 22. The general rate increase of 6.9 percent is the largest annual hike in the company’s history, according to FreightWaves.

 

In addition, the firm will raise FedEx Freight rates “by an average of 6.9–7.9 percent dependent on the customer’s transportation rate scale.” This is the first time in eight years that FedEx has raised freight rates by more than 4.9 percent.

 

According to the company’s latest rate list, the cost of overnight delivery for a one-pound envelope by 8 a.m. the next day will rise by 4.4 percent, to $68.04. The cost of two-day delivery by 10:30 a.m. will be $25.37, an increase of 7.9 percent.

 

The rate-hike decision was announced as part of the company’s fiscal 2023 first-quarter earnings report. FedEx’s net income for the three months ended Aug. 31 was at $875 million, a decline of more than 20 percent from the $1.1 billion in net income earned during the year-ago period.

 

During the earnings call, CEO Raj Subramaniam blamed rising prices for the poor performance.

 

 

 

https://www.theepochtimes.com/keeping-up-with-inflation-fedex-announces-biggest-ever-general-rate-increase_4755206.html

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Biden's game of inches: Real disposable personal income plunges in final Q2 GDP report -- and in Q1 too

 

FTA:

 

As bad as that looks, the year-on-year numbers for real DPI look far worse. In both the quarter-to-quarter and year-on-year real DPI numbers, American households have lost ground for five quarters in a row. Year-on-year, however, we lost 12.8% in Q1 and 5.5% in Q2.

 

This is what Joe Biden calls an “inch”:

 

Those numbers aren’t an “inch,” especially in the revised Q1 numbers. That -10.6% figure means that American households lost ten percent of their annualized buying power in a single quarter — and that followed three previous quarters of declines. The Q2 decline of -1.5% is a decline from that outcome, as all of these numbers compound.

 

https://hotair.com/ed-morrissey/2022/09/29/bidens-game-of-inches-real-disposable-personal-income-plunges-in-final-q2-gdp-report-and-in-q1-too-n499765

 

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