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...
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