Highest inflation since...

[All_Pro_Bills]

1 hour ago, ChiGoose said:

 

Oh, this is definitely true. We are a very car-centric culture and people in Europe have better access to public transit that mitigates the rising cost of fuel.

 

I do not mean to say in anyway that the cost of fuel is immaterial or that we should be happy about it because it's more expensive elsewhere. I roll my eyes when I see my more liberal friends post about wanting gas prices to be higher to drive down car use because they completely ignore that this would greatly harm the poor and working class they claim to support so much.

 

I mostly just wanted to point out that this isn't an issue singular to the US like we have high prices and everybody else is fine.

I hear ya.  While I've lived in the suburban car-culture for a while I've come to the conclusion that living arrangement is one of the biggest waste and mis-allocation of resources in history.  You can't get much of anywhere without a car for one.  And most of the land could be put to better use as farmland, forest or other natural states for wild life and nature preservation.

Edited July 14, 2022 by All_Pro_Bills

[B-Man]

 

 

 

White House Economic Adviser Has No Answer for Americans on Rising Inflation

 

 

What’s “scary” is that someone with the ear of the President of the United States about our economy isn’t even an economist, as Larry Elder pointed out:

 

 

 

https://redstate.com/beccalower/2022/07/17/wh-economic-adviser-has-no-answer-for-americans-on-rising-inflation-n596596

 

 

 

[Big Blitz]

Thanks Covidiots.....

 

Going to be a 10 year debacle....

 

 

Breitbart Business Digest: Homebuilder Sentiment, Apple Report Send Shudders Through Economy

 

The key piece of data we were waiting on today is the National Association of Home Builders index (NAHB), which reflects how home builders are feeling. And the feeling is not great, apparently.

 

Builder sentiment is now at 55, a drop of 12 points. This is the largest single-month drop ever, with one exception. (The exception being April 2020. As you may recall, the world had decide to shut down at exactly that time.)

 

https://www.breitbart.com/economy/2022/07/18/breitbart-business-digest-homebuilder-sentiment-apple-report-send-shudders-through-economy/

[cle23]

6 hours ago, Big Blitz said:

Thanks Covidiots.....

 

Going to be a 10 year debacle....

 

 

Breitbart Business Digest: Homebuilder Sentiment, Apple Report Send Shudders Through Economy

 

The key piece of data we were waiting on today is the National Association of Home Builders index (NAHB), which reflects how home builders are feeling. And the feeling is not great, apparently.

 

Builder sentiment is now at 55, a drop of 12 points. This is the largest single-month drop ever, with one exception. (The exception being April 2020. As you may recall, the world had decide to shut down at exactly that time.)

 

https://www.breitbart.com/economy/2022/07/18/breitbart-business-digest-homebuilder-sentiment-apple-report-send-shudders-through-economy/

 

Homebuilders have been on an absolute tear for years now, especially during COVID. So homebuilders did have a quick downturn in 2020, then went right back to making huge amounts of money.  A personal friend owns a small construction company and has made huge profits the last 4 or 5 years compared to before.  Like anything else, it has to come down at some point.

 

I also notice you left off where any number above 50 is still considered positive.

[Big Blitz]

50 minutes ago, cle23 said:

 

Homebuilders have been on an absolute tear for years now, especially during COVID. So homebuilders did have a quick downturn in 2020, then went right back to making huge amounts of money.  A personal friend owns a small construction company and has made huge profits the last 4 or 5 years compared to before.  Like anything else, it has to come down at some point.

 

I also notice you left off where any number above 50 is still considered positive.

 

 

Housing start ups dropped again a 2nd straight month today.

 

Revisit that number by March of 2023 for me.....get back to us.

 

10 years plus.  

[Tiberius]

Gas prices dropping 

[B-Man]

 

 

 

REMINDER:

 

 

[Big Blitz]

15 minutes ago, Tiberius said:

Gas prices dropping 

 

 

So we still supposed to just buy electric?

 

Can you ask CIA Plant Pete if we should hold off?

[cle23]

1 hour ago, Big Blitz said:

 

 

Housing start ups dropped again a 2nd straight month today.

 

Revisit that number by March of 2023 for me.....get back to us.

 

10 years plus.  

 

Yes, home builds were going to go down with interest rates going up.  It's part of the cycle.  It's the way it has always worked.  Just like why they went up so much with interest rates so low.  Things can't go up forever, they always adjust, and the housing market always seems to have more severe adjustments.  

 

Inflation is high, and it sucks.  Tons of factors in it too, including the last 2 Presidents.  It's a worldwide issue right now.

[SoCal Deek]

27 minutes ago, cle23 said:

 

Yes, home builds were going to go down with interest rates going up.  It's part of the cycle.  It's the way it has always worked.  Just like why they went up so much with interest rates so low.  Things can't go up forever, they always adjust, and the housing market always seems to have more severe adjustments.  

 

Inflation is high, and it sucks.  Tons of factors in it too, including the last 2 Presidents.  It's a worldwide issue right now.

Sure....make sure you toss in "the last two Presidents". Hilarious! 

[Tiberius]

50 minutes ago, Big Blitz said:

 

 

So we still supposed to just buy electric?

 

Can you ask CIA Plant Pete if we should hold off?

Go cry to someone else that things are getting better. You are a loser 

[B-Man]

 

 

To commemorate the one-year anniversary of President Biden’s dismissal of inflation as “temporary.” 

 

Exactly one year ago today, on July 19, 2021, President Joe Biden delivered a momentous address on the state of the U.S. economy. The speech, in retrospect, was a chilling portent of the economic calamity that has befallen this great country as a result of Biden’s failed leadership.

 

Biden’s remarks came several months after Democrats rammed through the $1.9 trillion package known as the American Rescue Plan. Some experts had warned that injecting so much money into the economy could lead to runaway inflation. The White House scoffed at such concerns. At the time of Biden’s speech, prices were already beginning to rise. The president took the opportunity to tell Americans to stop complaining.

 

“As our economy has come roaring back, we’ve seen some price increases,” Biden said. “Some folks have raised worries that this could be a sign of persistent inflation, but that’s not our view. Our experts believe, and the data shows, that most of the price increases we’ve seen were expected and [are] expected to be temporary.”

 

 

 

 

https://www.powerlineblog.com/archives/2022/07/its-a-long-way-to-temporary.php

 

 

 

[cle23]

1 hour ago, SoCal Deek said:

Sure....make sure you toss in "the last two Presidents". Hilarious! 

 

Again, everyone is blaming the COVID spending for inflation.  Who had more government COVID spending?  I am not trying to support Biden here, at all.  He sucks.  I didn't and wouldn't vote for him.  But he isn't solely to blame either.

[Doc]

5 minutes ago, cle23 said:

Again, everyone is blaming the COVID spending for inflation.  Who had more government COVID spending?  I am not trying to support Biden here, at all.  He sucks.  I didn't and wouldn't vote for him.  But he isn't solely to blame either.

 

He gets as much blame as Trump got.  Their rules.

[cle23]

1 minute ago, Doc said:

 

He gets as much blame as Trump got.  Their rules.

 

Do you see me blaming just Trump, or both?  You can't say "Biden's $1.9T plan caused inflation" while ignoring Trump's $3.1T plans, which is exactly what B-Man did.

 

You say "their rules" yet both sides blame everyone and their mother.  Trump blamed Obama for everything.  Obama blamed Bush.  Biden blames Trump.  It's never ending. 

[Westside]

Just now, cle23 said:

 

Do you see me blaming just Trump, or both?  You can't say "Biden's $1.9T plan caused inflation" while ignoring Trump's $3.1T plans, which is exactly what B-Man did.

 

You say "their rules" yet both sides blame everyone and their mother.  Trump blamed Obama for everything.  Obama blamed Bush.  Biden blames Trump.  It's never ending. 

You’re comparing apples to oranges. 

[cle23]

1 minute ago, Westside said:

You’re comparing apples to oranges. 

 

Just because you paint an apple orange does not make it an orange.

[Westside]

1 minute ago, cle23 said:

 

Just because you paint an apple orange does not make it an orange.

Just because this administration is the worst ever, doesn’t mean the last administration was too.

 

3.1 trillion was for the plandemic in its beginning. Since the world leaders shut down the world, that money was to help being out of work and paying bills.

The 1.9 trillion went to who knows where? Both sides of the aisles are nothing more than modern day grifters.

[cle23]

16 minutes ago, Westside said:

Just because this administration is the worst ever, doesn’t mean the last administration was too.

 

3.1 trillion was for the plandemic in its beginning. Since the world leaders shut down the world, that money was to help being out of work and paying bills.

The 1.9 trillion went to who knows where? Both sides of the aisles are nothing more than modern day grifters.

 

I agree that both sides suck.  That's my point.  But everyone jumps on one side and just blames the other side when they both do the exact same thing.

 

People call it a plandemic yet somehow never blame the people in charge at that point.  Who deserves the blame if it was planned?  US? China? Who? I'd love to know considering it killed both my parents.  

 

Either way, how did the $3.1T not contribute but the $1.9T is solely to blame?

Edited July 19, 2022 by cle23

[Big Blitz]

40 minutes ago, cle23 said:

 

Do you see me blaming just Trump, or both?  You can't say "Biden's $1.9T plan caused inflation" while ignoring Trump's $3.1T plans, which is exactly what B-Man did.

 

You say "their rules" yet both sides blame everyone and their mother.  Trump blamed Obama for everything.  Obama blamed Bush.  Biden blames Trump.  It's never ending. 

 

 

Trump had ZERO choice because of Covid

 

Sorry his spending is CCP/DNC forced

 

You know, that Insurrection in March of 2020 when America was conquered by the flu. 

[cle23]

7 minutes ago, Big Blitz said:

 

 

Trump had ZERO choice because of Covid

 

Sorry his spending is CCP/DNC forced

 

You know, that Insurrection in March of 2020 when America was conquered by the flu. 

 

Covid killed 6.3M in 2 years.  The flu kills 350,000-600,000 per year.  But yeah, the flu...

[Big Blitz]

13 minutes ago, cle23 said:

 

Covid killed 6.3M in 2 years.  The flu kills 350,000-600,000 per year.  But yeah, the flu...

 

 

No dispute America has fallen.

 

You take umbrage with "the flu" tho.

 

Fascinating 

[cle23]

6 minutes ago, Big Blitz said:

 

 

No dispute America has fallen.

 

You take umbrage with "the flu" tho.

 

Fascinating 

 

No, it's pointless to argue when people make pointless, idiotic statements.  Trump was pushing the payments as much as anyone.  And it's pointless to argue with people who just put out crap conspiracy theories with no evidence to back them up.

 

When it's "your" guy, it doesn't matter what he does.  Only when it's the "other" guy is the only time you have an issue.

Edited July 19, 2022 by cle23

[OrangeBills]

59 minutes ago, cle23 said:

 

I agree that both sides suck.  That's my point.  But everyone jumps on one side and just blames the other side when they both do the exact same thing.

 

People call it a plandemic yet somehow never blame the people in charge at that point.  Who deserves the blame if it was planned?  US? China? Who? I'd love to know considering it killed both my parents.  

 

Either way, how did the $3.1T not contribute but the $1.9T is solely to blame?

 

It was quite clearly a Sino-Russian Psy Op designed to turn the Western Leftist world against itself and shift the world order.

 

They knew what we would get ourselves into if given the chance.

32 minutes ago, cle23 said:

 

Covid killed 6.3M in 2 years.  The flu kills 350,000-600,000 per year.  But yeah, the flu...

 

Those are gov't numbers which you need to stop trusting, and they are nowhere near Apples/Apples.

[cle23]

7 minutes ago, OrangeBills said:

 

It was quite clearly a Sino-Russian Psy Op designed to turn the Western Leftist world against itself and shift the world order.

 

They knew what we would get ourselves into if given the chance.

 

Those are gov't numbers which you need to stop trusting, and they are nowhere near Apples/Apples.

 

Ok, so what numbers are people trusting in order say "it's just the flu" then?  It's insanity.  People claim one number is off, but would rather trust Joe Schmoe on Youtube or Twitter.

[Boatdrinks]

2 hours ago, cle23 said:

 

Just because you paint an apple orange does not make it an orange.

But if it “ identifies “ as an orange ….

[SoCal Deek]

What are you people debating? I don’t think anyone disputes that the world experienced a pandemic. The debate is over the way the various governments reacted to it. Clearly the last couple of funding bills were completely unnecessary. Just like pandemic, there’s no sane debate out that. 

[Big Blitz]

Who can afford a home? Roughly 60% of the U.S. could be frozen out of starter homes, warns S&P

 

‘We are seeing consolidation of massive profits in the hands of a few, at the expense of communities of color,’ says housing advocate

 

https://www.marketwatch.com/story/who-can-afford-a-home-roughly-60-of-the-u-s-could-be-frozen-out-of-starter-homes-warns-s-p-11658325853

 

 

Just a reminder, Democrats have been calling the shots essentially since January 2019.   

[B-Man]

 

 

Democrats Seethe After Bernie Sanders Tells the 'Truth' About the 'Inflation Reduction Act'

 

 

 

On Saturday, a “vote-a-rama” took place and the “Inflation Reduction Act” cleared its first hurdle, but not before socialist Sen. Bernie Sanders dropped some “truth” about the bill.

 

 

 

Sanders is right. As reported, economists are warning the act would actually increase inflation, and at the very least, it will have no relevant impact.

 

That’s not surprising. We are talking about a bill that will spend tons of money immediately on green boondoggles while insisting it will raise revenue via tax increases and IRS enforcement over a longer period of time.

 

 

https://redstate.com/bonchie/2022/08/07/democrats-seethe-after-bernie-sanders-tells-the-truth-about-the-inflation-reduction-act-n608242

 

 

[Doc]

Then why vote for it, Bern?  Dumb ass.

[Doc Brown]

7 hours ago, Doc said:

Then why vote for it, Bern?  Dumb ass.

He's always been pragmatic despite being the most radical member of the left and realizes his demands would've sunk the bill.

[meazza]

18 minutes ago, Doc Brown said:

He's always been pragmatic despite being the most radical member of the left and realizes his demands would've sunk the bill.

The squad is much more radical.

[Doc Brown]

38 minutes ago, meazza said:

The squad is much more radical.

I don't now about "much" but there's luckily only six of them out of the 222 congressional democrats.

[Over 29 years of fanhood]

12 hours ago, Doc said:

Then why vote for it, Bern?  Dumb ass.

because it has his favorite hits, raise federal taxes and federal spending.  
 

What does he care about inflation? He’s 80 and already made his millions from his parasitic career  

Edited August 8, 2022 by Over 29 years of fanhood

[B-Man]

 

 

SAME: 

 

Larry Summers Says Inflation Has Him ‘More Worried’ Following July Jobs Report.

 

 

 

 

Summers said:

 

“Yes, wages did go up half a percent last month. But that’s about a 6% annual rate, and inflation has run at about 9% over the last year. I think our core problem, which is that we have an unsustainably overheated economy that’s leading to high inflation, which is cutting people’s paychecks, that, unfortunately, has not been addressed by the news in this report …

 

 

 

https://redstate.com/levon/2022/08/08/larry-summers-says-inflation-has-him-more-worried-following-july-jobs-report-n608827

 

 

[B-Man]

 

 

Media lapdogs’ insane spin on new inflation numbers is an outright slap in the faces of struggling Americans

 

https://twitchy.com/sarahd-313035/2022/08/10/media-lapdogs-insane-spin-on-new-inflation-numbers-is-an-outright-slap-in-the-faces-of-struggling-americans/

 

 

[B-Man]

 

 

[Doc]

1 hour ago, B-Man said:

 

 

 

Crusty?  He's a clown.

[B-Man]

 

 

 

Inflation hits Americans' grocery bills as food prices accelerate

Food prices surged 13.1% in July, highest since 1979

 

 

Although the consumer price index, which measures a basket of everyday goods including food, rent and gasoline, came in cooler than expected at 8.5% in July, food prices accelerated further, the Labor Department reported on Wednesday. The food at home category, which tracks the cost of groceries, surged 13.1% over the last year, the most significant increase since March 1979. On a monthly basis, prices jumped 1.4%.

 

"Consumers are getting a break at the gas pump, but not at the grocery store," said Greg McBride, chief financial analyst at Bankrate.com. "Food prices, and especially costs for food at home, continue to soar, rising at the fastest pace in more than 43 years."

 

Americans are paying more at the grocery store for a number of items that have climbed considerably in price over the past year. That includes staples like eggs (38%), chicken (16.6%), milk (15.6%), potatoes (13.3%), rice (12.7%) and fresh fruits and vegetables (8.2%).

 

https://www.foxbusiness.com/economy/inflation-hits-americans-grocery-bills-food-prices-accelerate

 

 

 

[Doc]

But, but, but...inflation was 0% last month!