B-Man Posted January 25, 2022 Share Posted January 25, 2022 SLOW LEARNERS: “That raise meant nothing”: Inflation’s “unexpected” reality dawns at WaPo. https://hotair.com/ed-morrissey/2022/01/24/that-raise-meant-nothing-inflations-unexpected-reality-dawns-at-wapo-n443597 1 Link to comment Share on other sites More sharing options...
Chef Jim Posted January 26, 2022 Share Posted January 26, 2022 16 hours ago, B-Man said: SLOW LEARNERS: “That raise meant nothing”: Inflation’s “unexpected” reality dawns at WaPo. https://hotair.com/ed-morrissey/2022/01/24/that-raise-meant-nothing-inflations-unexpected-reality-dawns-at-wapo-n443597 Kind of like when they were all excited about the 5.9% COLA for SS recipients but were very silent on the fact it's wiped out for many with the Medicare premium increase. Gotta love our government. 1 Link to comment Share on other sites More sharing options...
B-Man Posted February 1, 2022 Share Posted February 1, 2022 Bad news........... Inflation is High, Will Remain Elevated for Years. The Federal Reserve (Fed) is officially committed to a 2 percent average inflation target, as explained in its Statement on Longer-Run Goals and Monetary Policy Strategy. But supply constraints and a surge in nominal spending have pushed prices well above target. In December, the price level was 3 percentage points higher than it would have been had prices merely grown at 2 percent since January 2020. The Fed reaffirmed its commitment to a 2 percent average inflation target on January 25, 2022. But, so far, it has done little more than say it would tighten monetary policy in the coming months. Following last week’s Federal Open Market Committee (FOMC) meeting, the Fed announced it would leave its federal funds rate target and the interest rate it pays on reserve balances unchanged. It will reduce its monthly asset purchases, but the size of the Fed’s balance sheet will continue to grow for now. None of this really amounts to tighter monetary policy, and yet the Fed seems to have convinced markets that it is serious about bringing down inflation. Inflation isn’t that tough to tame if it is nipped in the bud. But the longer the Fed and Congress put off making the necessary changes to interest rates and spending, the more painful the correction will be. https://www.aier.org/article/inflation-is-high-will-remain-elevated-for-years/ Link to comment Share on other sites More sharing options...
Doc Posted February 1, 2022 Share Posted February 1, 2022 Awesome. Link to comment Share on other sites More sharing options...
Albwan Posted February 4, 2022 Share Posted February 4, 2022 On 2/1/2022 at 3:52 PM, B-Man said: Bad news........... Inflation is High, Will Remain Elevated for Years. The Federal Reserve (Fed) is officially committed to a 2 percent average inflation target, as explained in its Statement on Longer-Run Goals and Monetary Policy Strategy. But supply constraints and a surge in nominal spending have pushed prices well above target. In December, the price level was 3 percentage points higher than it would have been had prices merely grown at 2 percent since January 2020. The Fed reaffirmed its commitment to a 2 percent average inflation target on January 25, 2022. But, so far, it has done little more than say it would tighten monetary policy in the coming months. Following last week’s Federal Open Market Committee (FOMC) meeting, the Fed announced it would leave its federal funds rate target and the interest rate it pays on reserve balances unchanged. It will reduce its monthly asset purchases, but the size of the Fed’s balance sheet will continue to grow for now. None of this really amounts to tighter monetary policy, and yet the Fed seems to have convinced markets that it is serious about bringing down inflation. Inflation isn’t that tough to tame if it is nipped in the bud. But the longer the Fed and Congress put off making the necessary changes to interest rates and spending, the more painful the correction will be. https://www.aier.org/article/inflation-is-high-will-remain-elevated-for-years/ Lefties still in their happy safe space double masked up and being tightly controlled and hugged by their beloved government, and best of all..... Trump is gone!!! Everything is wonderful !! 1 Link to comment Share on other sites More sharing options...
Doc Posted February 4, 2022 Share Posted February 4, 2022 47 minutes ago, Albwan said: Lefties still in their happy safe space double masked up and being tightly controlled and hugged by their beloved government, and best of all..... Trump is gone!!! Everything is wonderful !! For them, he'll never be gone. 2 Link to comment Share on other sites More sharing options...
Big Blitz Posted February 10, 2022 Share Posted February 10, 2022 Woooooooo hoooooo! The consumer price index is forecast to increase 0.4% in January, according to economists polled by The Wall Street Journal. The yearly increase is expected to rise to 7.2% from 7% and remain at a 40-year high. The core CPI, which excludes food and energy, is also seen climbing 0.4% in January. The 12-month rate is predicted to advance to 5.9%. The report will be released at 8:30 a.m. Eastern by the Bureau of Labor Statistics. https://on.mktw.net/3BaFOmn 1 Link to comment Share on other sites More sharing options...
B-Man Posted February 10, 2022 Share Posted February 10, 2022 Inflation hits another 40-year high as consumer prices surge to 7.5% by Thomas Barrabi https://nypost.com/2022/02/10/inflation-hits-four-decade-high-consumer-prices-surge-to-7-5/ 1 Link to comment Share on other sites More sharing options...
Tiberius Posted February 10, 2022 Share Posted February 10, 2022 10 minutes ago, B-Man said: Inflation hits another 40-year high as consumer prices surge to 7.5% by Thomas Barrabi https://nypost.com/2022/02/10/inflation-hits-four-decade-high-consumer-prices-surge-to-7-5/ Not since Reagan's first term was it so high Link to comment Share on other sites More sharing options...
Chef Jim Posted February 10, 2022 Share Posted February 10, 2022 12 minutes ago, Tiberius said: Not since Reagan's first term was it so high And then what happened?? 1 1 Link to comment Share on other sites More sharing options...
TSOL Posted February 10, 2022 Share Posted February 10, 2022 They need to do another $1200 stimulus. That outta straighten this mess out 1 Link to comment Share on other sites More sharing options...
Doc Posted February 10, 2022 Share Posted February 10, 2022 2 hours ago, Chef Jim said: And then what happened?? Return of the Jedi came out? About as relevant... Link to comment Share on other sites More sharing options...
BillsFanNC Posted February 10, 2022 Share Posted February 10, 2022 1 1 1 Link to comment Share on other sites More sharing options...
TSOL Posted February 10, 2022 Share Posted February 10, 2022 He was the last real president we've had. 1 1 Link to comment Share on other sites More sharing options...
B-Man Posted February 11, 2022 Share Posted February 11, 2022 Link to comment Share on other sites More sharing options...
BillStime Posted February 11, 2022 Share Posted February 11, 2022 Yep - Brandon’s fault 1 Link to comment Share on other sites More sharing options...
reddogblitz Posted February 11, 2022 Share Posted February 11, 2022 16 hours ago, Tiberius said: Not since Reagan's first term was it so high Right after Carter's only term? Link to comment Share on other sites More sharing options...
ALF Posted February 11, 2022 Share Posted February 11, 2022 Covid really screwed up the supply chain , caused massive early retirements and labor shortage. The buck does stop with Biden and Congress who will pay big in midterms. 3 3 Link to comment Share on other sites More sharing options...
Westside Posted February 11, 2022 Share Posted February 11, 2022 5 minutes ago, ALF said: Covid really screwed up the supply chain , caused massive early retirements and labor shortage. The buck does stop with Biden and Congress who will pay big in midterms. As they should. Unless the polling machines mysteriously are shut off again. 1 Link to comment Share on other sites More sharing options...
Chef Jim Posted February 11, 2022 Share Posted February 11, 2022 2 hours ago, ALF said: Covid really screwed up the supply chain , caused massive early retirements and labor shortage. The buck does stop with Biden and Congress who will pay big in midterms. Just as Covid sank Trump. 1 Link to comment Share on other sites More sharing options...
Tiberius Posted February 11, 2022 Share Posted February 11, 2022 4 hours ago, reddogblitz said: Right after Carter's only term? Yup, and now we are right after Trump's only term 2 hours ago, Westside said: As they should. Unless the polling machines mysteriously are shut off again. No, Trump just got his butt spanked Link to comment Share on other sites More sharing options...
Chef Jim Posted February 11, 2022 Share Posted February 11, 2022 22 minutes ago, Tiberius said: Yup, and now we are right after Trump's only term Do you have confidence that Biden will drop it as quickly as Reagan did? Link to comment Share on other sites More sharing options...
Doc Posted February 11, 2022 Share Posted February 11, 2022 Joey's gonna be a 1-termer. Don't crow too much. Link to comment Share on other sites More sharing options...
Tiberius Posted February 11, 2022 Share Posted February 11, 2022 10 minutes ago, Chef Jim said: Do you have confidence that Biden will drop it as quickly as Reagan did? What? Link to comment Share on other sites More sharing options...
Chef Jim Posted February 11, 2022 Share Posted February 11, 2022 18 minutes ago, Tiberius said: What? What happened to that high inflation that (I’ll use the liberals stupid argument) Reagan inherited from Carter and do you have confidence that Biden will do the same? Link to comment Share on other sites More sharing options...
Westside Posted February 11, 2022 Share Posted February 11, 2022 1 hour ago, Tiberius said: Yup, and now we are right after Trump's only term No, Trump just got his butt spanked Wrong So much corruption in the 2020 election, even a partisan hack like yourself knows it was rigged. Xiden is a false leader. 1 Link to comment Share on other sites More sharing options...
All_Pro_Bills Posted February 11, 2022 Share Posted February 11, 2022 22 minutes ago, Chef Jim said: What happened to that high inflation that (I’ll use the liberals stupid argument) Reagan inherited from Carter and do you have confidence that Biden will do the same? I believe the economic and financial conditions of 1980 and 2022 are completely different. But the answer might come down to a few simple question. Do you think Powell and the Fed can or will do what Volker did which was a massive increase in interest rates? Do you think the US economy of 2022 can handle interest rates of around 18% interest rates? Or even 8%? My assessment, without any doubts is NO. Powell will talk a good game, downplay the impact on prices, and not do much of anything. Especially in a year of mid-term elections. He doesn't want to be accused of playing favorites even though the Fed claims to be "independent". Nothing could be further from the truth. Yesterday there was a rumor in the markets of an "emergency" 50 basis point rate hike coming as early as today. Incredibly, there are investors and traders that still believe the Fed has some control over the situation. Maybe asking another simple question which is if a rumor of the Fed raising rates a measly 50 basis point panics the markets how are they going to actually raise rates high enough to address 7.5% CPI reported inflation without tanking everything? They can't. 1 Link to comment Share on other sites More sharing options...
Irv Posted February 11, 2022 Share Posted February 11, 2022 4 hours ago, ALF said: Covid really screwed up the supply chain , caused massive early retirements and labor shortage. The buck does stop with Biden and Congress who will pay big in midterms. Wait. I thought Demented Biden shut down the virus? 🦄 1 Link to comment Share on other sites More sharing options...
B-Man Posted February 11, 2022 Share Posted February 11, 2022 Rapid rate of rising prices overwhelms wage hikes. https://nypost.com/2022/02/10/rising-prices-overwhelm-wage-hikes/ Link to comment Share on other sites More sharing options...
Tiberius Posted February 11, 2022 Share Posted February 11, 2022 4 hours ago, Chef Jim said: What happened to that high inflation that (I’ll use the liberals stupid argument) Reagan inherited from Carter and do you have confidence that Biden will do the same? Where? What do you mean? 1 Link to comment Share on other sites More sharing options...
BillStime Posted February 12, 2022 Share Posted February 12, 2022 Brandon’s fault 1 Link to comment Share on other sites More sharing options...
RaoulDuke79 Posted February 12, 2022 Share Posted February 12, 2022 4 minutes ago, BillStime said: Brandon’s fault Why's my gas cost so much? Link to comment Share on other sites More sharing options...
Thurmal34 Posted February 12, 2022 Share Posted February 12, 2022 Why's my gas cost so much? because Shell, BP, Exxon, and Mobil profits are the highest they have been in 7 years. Want proof? 2 1 1 Link to comment Share on other sites More sharing options...
Thurmal34 Posted February 12, 2022 Share Posted February 12, 2022 ppl continue to fail to understand that the US requires more in taxes from a family that makes $175,000 is than a company that makes $5,000,000,000. Beyond that, they fail to get that they are being pitted against brown ppl when the real culprit is automation. When was the last time you dealt with a bank teller? How about looked at an auto assembly line? 1 1 Link to comment Share on other sites More sharing options...
All_Pro_Bills Posted February 12, 2022 Share Posted February 12, 2022 7 hours ago, BillStime said: Brandon’s fault Sounds like the campaign messaging for November 2022 is going to be don't blame us, blame evil corporations and business owners for price increases. 2 Link to comment Share on other sites More sharing options...
Chef Jim Posted February 12, 2022 Share Posted February 12, 2022 9 hours ago, BillStime said: Brandon’s fault How about price and wage freezes like I mentioned months ago? The cause of inflation may not be his fault but the fixes lay on his desk. What has he done to FIX the issue other then point blame and yell at reporters asking about it? Leaders lead. 1 Link to comment Share on other sites More sharing options...
TSOL Posted February 12, 2022 Share Posted February 12, 2022 Get your asses back to work, ya troublemakers Link to comment Share on other sites More sharing options...
BillsFanNC Posted February 12, 2022 Share Posted February 12, 2022 1 1 2 Link to comment Share on other sites More sharing options...
BillStime Posted February 12, 2022 Share Posted February 12, 2022 1 hour ago, Chef Jim said: How about price and wage freezes like I mentioned months ago? The cause of inflation may not be his fault but the fixes lay on his desk. What has he done to FIX the issue other then point blame and yell at reporters asking about it? Leaders lead. What happened the last time a president imposed a freeze on prices and wages? Link to comment Share on other sites More sharing options...
Kemp Posted February 12, 2022 Share Posted February 12, 2022 4 hours ago, All_Pro_Bills said: Sounds like the campaign messaging for November 2022 is going to be don't blame us, blame evil corporations and business owners for price increases. Since it's proveably accurate, it's probably a good choice. I do realize that it won't work because of the enormous amount of folks who are ignorant of what's happening and those too dense to process it. 1 Link to comment Share on other sites More sharing options...
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