B-Man Posted August 12, 2022 Share Posted August 12, 2022 Link to comment Share on other sites More sharing options...
Big Blitz Posted August 12, 2022 Share Posted August 12, 2022 1 minute ago, B-Man said: In our efforts to save this disaster of an economy, it's good to know that the most important thing, Climate Change, has just been solved. 1 1 Link to comment Share on other sites More sharing options...
Big Blitz Posted August 12, 2022 Share Posted August 12, 2022 Oh and passed on a Friday at 6pm! That's peak news dump hour. Wow 1 Link to comment Share on other sites More sharing options...
BillsFanNC Posted August 14, 2022 Share Posted August 14, 2022 1 Link to comment Share on other sites More sharing options...
Doc Posted August 14, 2022 Share Posted August 14, 2022 It's a cult. 1 Link to comment Share on other sites More sharing options...
B-Man Posted August 16, 2022 Share Posted August 16, 2022 . 1 Link to comment Share on other sites More sharing options...
The Frankish Reich Posted August 16, 2022 Share Posted August 16, 2022 On 8/12/2022 at 9:44 AM, Doc said: But, but, but...inflation was 0% last month! It was. https://www.bloomberg.com/news/articles/2022-08-11/one-chart-that-shows-inflation-really-was-0-in-july What do you mean when you say “stop inflation!” Do you mean deflating prices to where they were in July 2021? Across the board price and wage cuts? Or do you mean “stop the rise in prices so that I know that my savings or salary today won’t be worth a whole lot less next month or next year.” Prices did not increase overall from June to July, and they don’t appear to be increasing from July to now. In fact, fuel has gotten considerably cheaper. I do not make economic decisions based on what prices were a year ago. I make them based on what I expect prices to be a year from now. The year over year inflation numbers can be useful for some limited purposes. But here they are being used for shock purposes or political purposes. Link to comment Share on other sites More sharing options...
sherpa Posted August 16, 2022 Share Posted August 16, 2022 This is where mixing politics and economics make for bad analysis. The core inflation rate in July was about 6%. Way over the Fed's goal of 2%. Core inflation is way more accurate in this case because getting to zero is almost entirely due to energy prices, which along with food, are highly volatile on a month to month basis, and can grossly distort numbers. Pols use these to serve their own purposes, but most aren't tricked. https://tradingeconomics.com/united-states/core-inflation-rate Link to comment Share on other sites More sharing options...
The Frankish Reich Posted August 16, 2022 Share Posted August 16, 2022 2 hours ago, sherpa said: This is where mixing politics and economics make for bad analysis. The core inflation rate in July was about 6%. Way over the Fed's goal of 2%. Core inflation is way more accurate in this case because getting to zero is almost entirely due to energy prices, which along with food, are highly volatile on a month to month basis, and can grossly distort numbers. Pols use these to serve their own purposes, but most aren't tricked. https://tradingeconomics.com/united-states/core-inflation-rate Now there’s a fair and honest take. None of these numbers are made up or lies. It depends on what you’re trying to measure and for what purpose. Link to comment Share on other sites More sharing options...
sherpa Posted August 16, 2022 Share Posted August 16, 2022 1 hour ago, The Frankish Reich said: Now there’s a fair and honest take. None of these numbers are made up or lies. It depends on what you’re trying to measure and for what purpose. I specialize in fair and honest takes. 1 1 Link to comment Share on other sites More sharing options...
PetermansRedemption Posted August 16, 2022 Share Posted August 16, 2022 No need to worry about inflation anymore, Biden signed the inflation reduction act today. Help is on the way! 1 Link to comment Share on other sites More sharing options...
B-Man Posted August 18, 2022 Share Posted August 18, 2022 Inflation is Straining the Charitable Sector. “According to Feeding America, 53 million people turned to food banks, food pantries and meal programs in 2021, one-third more than prior to the COVID-19 pandemic, when millions of Americans relied on food banks – some for the first time – as workers lost jobs or were temporarily unemployed. Today, many people are back to work, but real wages, or inflation-adjusted pay, keeps falling, as grocery prices rise. Again, food banks are seeing long lines for help and reporting spiking demand.” https://www.realclearpolicy.com/articles/2022/08/17/inflation_is_straining_the_charitable_sector_848394.html . Link to comment Share on other sites More sharing options...
B-Man Posted August 18, 2022 Share Posted August 18, 2022 Federal Reserve: Get ready for "uncomfortably high" inflation for a while And uncomfortably high interest rates, too. CNBC’s team called the Federal Reserve’s July minutes “confusing” after their release late yesterday, but the overall message looks clear enough. The Fed still sees inflation as the greatest threat to the economy, and it doesn’t see any signs of significant denting in inflation yet — not from policy, and not from its previous rate hikes. The Financial Times also didn’t have too much trouble sussing out a message from the Fed’s minutes, either. The Fed expects inflation to continue at significantly high levels for some time, and also noted that their previous rate hikes have not had much of an impact yet on its trajectory. It’s become enough of a problem, FT notes, that the Fed now thinks that it will have to keep rates higher and longer to seriously dent inflation: https://hotair.com/ed-morrissey/2022/08/18/fed-get-ready-for-uncomfortably-high-inflation-for-a-while-n490602 https://www.ft.com/content/8881b6d4-76e6-46cd-9ebe-efaeffeddb98?segmentId=b385c2ad-87ed-d8ff-aaec-0f8435cd42d9 Link to comment Share on other sites More sharing options...
Over 29 years of fanhood Posted August 19, 2022 Share Posted August 19, 2022 9 hours ago, B-Man said: Federal Reserve: Get ready for "uncomfortably high" inflation for a while And uncomfortably high interest rates, too. CNBC’s team called the Federal Reserve’s July minutes “confusing” after their release late yesterday, but the overall message looks clear enough. The Fed still sees inflation as the greatest threat to the economy, and it doesn’t see any signs of significant denting in inflation yet — not from policy, and not from its previous rate hikes. The Financial Times also didn’t have too much trouble sussing out a message from the Fed’s minutes, either. The Fed expects inflation to continue at significantly high levels for some time, and also noted that their previous rate hikes have not had much of an impact yet on its trajectory. It’s become enough of a problem, FT notes, that the Fed now thinks that it will have to keep rates higher and longer to seriously dent inflation: https://hotair.com/ed-morrissey/2022/08/18/fed-get-ready-for-uncomfortably-high-inflation-for-a-while-n490602 https://www.ft.com/content/8881b6d4-76e6-46cd-9ebe-efaeffeddb98?segmentId=b385c2ad-87ed-d8ff-aaec-0f8435cd42d9 Yeah this didn’t align with the inflation reduction act messaging…. Ooops. They’ll address that with updated talking points. No worries Link to comment Share on other sites More sharing options...
Irv Posted August 19, 2022 Share Posted August 19, 2022 (edited) What a mess. November can’t come fast enough. All you dopes who voted for this bull#### should enjoy the ***** show you created. Joke. Edited August 19, 2022 by Irv Link to comment Share on other sites More sharing options...
Doc Posted August 19, 2022 Share Posted August 19, 2022 1 hour ago, Irv said: What a mess. November can’t come fast enough. All you dopes who voted for this bull#### should enjoy the ***** show you created. Joke. They're loving it. An Admin to indulge their feelz and nonstop "get Trump." They're in heaven. 2 Link to comment Share on other sites More sharing options...
Tiberius Posted August 19, 2022 Share Posted August 19, 2022 Link to comment Share on other sites More sharing options...
Doc Posted August 19, 2022 Share Posted August 19, 2022 Man cannot live on chicken wings alone. Believe, I've tried. 1 1 Link to comment Share on other sites More sharing options...
B-Man Posted September 13, 2022 Share Posted September 13, 2022 UNEXPECTEDLY! Inflation soars despite drop in gas prices. “Economists had been expecting headline inflation to fall 0.1% and core to increase 0.3%, according to Dow Jones estimates.” https://www.cnbc.com/2022/09/13/inflation-rose-0point1percent-in-august-even-with-sharp-drop-in-gas-prices.html . 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted September 13, 2022 Share Posted September 13, 2022 Just now, B-Man said: UNEXPECTEDLY! Inflation soars despite drop in gas prices. “Economists had been expecting headline inflation to fall 0.1% and core to increase 0.3%, according to Dow Jones estimates.” https://www.cnbc.com/2022/09/13/inflation-rose-0point1percent-in-august-even-with-sharp-drop-in-gas-prices.html . the futures/commodities market is pointing to this not slowing down any time soon 1 Link to comment Share on other sites More sharing options...
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