INFLATION

Discussion in 'West Mall' started by Chop, Nov 30, 2021.

  1. Monahorns

    Monahorns 5,000+ Posts

    Exactly. We have to get back to a culture of saving. That is the precursor to all economic stability and advancement. With higher interest rates in the future maybe we can get back to building wealth by holding money in the bank.

    In reality, we are already there. We need double digit interest rates temporarily in order to bring inflation down.
     
    • Agree Agree x 1
  2. guy4321

    guy4321 2,500+ Posts

    Go on, Miss Ceja, or is that Señorita Ceja to me?
     
  3. Monahorns

    Monahorns 5,000+ Posts

    Great piece by Thomas Paine on the evils (yes evils) of paper money. Now we don't even have that. We have electronic, ethereal money. If we would have followed our wise founders (meaning NOT Alexander Hamilton), we wouldn't be in such an economic mess today.

    Thomas Paine on Paper Money |
     
  4. iatrogenic

    iatrogenic 2,500+ Posts

  5. Chop

    Chop 10,000+ Posts

    So yer sayin’ she could do some quantitative easing (or would that be tightening) on you. Maybe she’ll get in there and hike the rates up to firm up the situation. After she’s stripped (the Central Bank of its lingering assets that she’ll sell off), then maybe a few rounds of tightening the belt or something. She’s sure to whip that inflation into shape. But she may just prefer it to be eased in (the multiple rate hikes) slowly and steadily a few more times.

    It’s a good thing that the world has a central banker like her. Now who says economics and central banking isn’t sexy!?!?!
     
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  6. Chop

    Chop 10,000+ Posts

    Pakistan is on the verge of becoming another Sri Lanka.

    Overall Inflation at approx 25%
    Food inflation around 30% (some staples near 80%)
    Food insecurity affects around 50% of the population
    Food riots
    Their patron, China, is just about broke and can’t bail them out
     
  7. Chop

    Chop 10,000+ Posts

    I nominate this woman as Queen of the Off-Season 2022.
     
  8. Chop

    Chop 10,000+ Posts

  9. Chop

    Chop 10,000+ Posts

  10. mb227

    mb227 de Plorable

  11. Chop

    Chop 10,000+ Posts

    Dollar edges lower as traders await U.S. inflation report

    https://www.cnbc.com/2022/08/08/cra...ion-could-push-fed-into-august-rate-hike.html

    https://www.usnews.com/news/economy...-in-a-positive-sign-inflation-is-slowing-down
    "Gas prices have fallen below $4 a gallon for the first time since March as a combination of reduced demand and the falling cost of oil have dealt drivers a needed respite during the summer driving season.
    “We’ve never seen anything like 2022 at the pump, highlighted by once-in-a-lifetime events including the ongoing Covid-19 pandemic, which caused myriad imbalances, exacerbated by Russia’s war on Ukraine,” said Patrick De Haan, head of petroleum analysis for GasBuddy.

    “As a result, we’ve seen gas prices behave in ways never witnessed before, jumping from $3 to $5 and now back to $3.99,” De Haan said. “While the recent drop in gas prices has been most welcomed, the issues that led to skyrocketing prices aren’t completely put to bed, and still could lead prices to
    eventually climb back up, should something unexpected develop.”

    The drop will reduce the amount of money Americans will spend on gas by $400 million compared to the middle of June."

    [​IMG]
     
  12. Mr. Deez

    Mr. Deez Beer Prophet

    Keep in mind that gas prices almost always drop during recessions because of crashing demand. Gas was cheap as **** in '09 and '10.
     
    • Agree Agree x 1
  13. Chop

    Chop 10,000+ Posts

    We're still in the tail end of Summer vacation driving season, so that would normally keep gas prices a bit elevated, I'd think.
     
    • Agree Agree x 1
  14. HornHuskerDad

    HornHuskerDad 5,000+ Posts

    ^I think you raised a good point, Chop. I'll throw in another for discussion - many folks are still working from home; what happens to gasoline demand if employers start bringing them back into their offices? That would mean more demand for gasoline - and the resulting upward pressure on price.
     
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  15. SabreHorn

    SabreHorn 10,000+ Posts

    HHD,

    Not to worry. The Democrats have another 2-3 "scamdemics" to line big pharma's pockets, which of course means "sliding" a little bit toward their favorite politicians.

    Question: What percentage of a couple of billion is "a little bit"?
     
    • Like Like x 1
    Last edited: Aug 10, 2022
  16. nashhorn

    nashhorn 5,000+ Posts

    “scamdemics”, like that word.
     
    • Agree Agree x 1
  17. SabreHorn

    SabreHorn 10,000+ Posts

    Feel free to use it as your own
     
  18. Chop

    Chop 10,000+ Posts

  19. Chop

    Chop 10,000+ Posts

    Inflation slows significantly as gas prices drop in July

    Driven, in part, by falling gas prices.

    Speaking at the White House during a bill-signing ceremony on Wednesday, President Joe Biden touted the inflation data, saying it showed "some signs" that U.S. price increases may be "beginning to moderate."

    [​IMG]
    [​IMG]
     
  20. Monahorns

    Monahorns 5,000+ Posts

    Need a -8.5% price effect for a couple of years.
     
    • Agree Agree x 1
  21. mchammer

    mchammer 10,000+ Posts

    Good luck with that with 5.5% wage inflation. It has shifted from goods inflation to labor inflation.
     
  22. Chop

    Chop 10,000+ Posts

    If wage inflation lasts for a while, that's usually an impetus for advances in labor-saving technology.

    This principle goes at least all the way back to the Black Plague and Medieval labor markets.
     
  23. Monahorns

    Monahorns 5,000+ Posts

    There is no chance it will happen, but it is needed. But get back to a gold standard or bitcoin standard even and it would happen even with strong labor rates.
     
  24. mb227

    mb227 de Plorable

    And then, of course, we see unemployment spike again...

    The left was warned of this when they decided that burger flippers require fifteen bucks an hour...they chose to ignore the fundamental principles of economics and the impacts upon the costs of goods through the entire cycle.
     
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  25. theiioftx

    theiioftx Sponsor Deputy

    Biden actually said inflation was ZERO percent with the new numbers.
     
    • WTF? WTF? x 1
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  26. Horn6721

    Horn6721 10,000+ Posts

    Biden etc lies. Whoever told him to say that thinks all Anericans are stupid.
     
    • Agree Agree x 1
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  27. nashhorn

    nashhorn 5,000+ Posts

    Nah it’s just Biden math. If the July number is less than the June number well heck you just subtract the absolute number and you’re at zero. Oh brother.
     
    • Funny Funny x 1
  28. mchammer

    mchammer 10,000+ Posts

    At peak inflation, the 2nd derivative is going to be zero (rate of inflation) whereas the first derivative (inflation, which is the rate of price increases) is still positive. Guess what? Next month Biden will say inflation is now negative!
     
    • Agree Agree x 2
  29. mb227

    mb227 de Plorable

    Biden hasn't had an original thought at the podium...he reads whatever people put in front of him. Someone in the corrupt Ron Klain/Jill Biden administration WROTE that.
     
    • Agree Agree x 1
  30. HornHuskerDad

    HornHuskerDad 5,000+ Posts

    And sometimes he can't even read the teleprompter very well.
     
    • Agree Agree x 2

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