HIGH INFLATION - another 0.75 rate hike

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

  1. Horn6721

    Horn6721 10,000+ Posts

    The ingenuity of big companies and govt to come up with word salad excuses never ceases to amuse.
    "Affordability challenges" :lmao:
     
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    • Agree Agree x 1
  2. AC

    AC 2,500+ Posts

  3. Monahorns

    Monahorns 5,000+ Posts

    Let's hope so AC, I just bought a little bit more BTC and ETH today.
     
    • Like Like x 1
  4. Chop

    Chop 10,000+ Posts

    Word of mouth rumors are that some banks are making it much harder to withdraw large sums of cash.
     
    • Winner Winner x 1
  5. mb227

    mb227 de Plorable

    define 'large'
     
    • Funny Funny x 1
  6. mchammer

    mchammer 10,000+ Posts

     
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  7. Chop

    Chop 10,000+ Posts

    Daly (San Francisco Federal Reserve Bank) is putting out the message that the Fed should slow down on its rate hikes. In contrast to Daly, Powell is still talking an aggressive rate hiking game until inflation is under control.
     
  8. Chop

    Chop 10,000+ Posts

    Last edited: Oct 7, 2022
  9. Chop

    Chop 10,000+ Posts

    https://www.nytimes.com/live/2022/10/07/business/jobs-report-september-economy


    MONTHLY CHANGE IN JOBS

    [​IMG]
    1. Sept 21 - 400,000 (FAR LEFT BAR)
    2. Oct 21 - >600,000
    3. Nov 21 - >600,000
    4. Dec 21 - 550,000
    5. Jan 22 - >450,000
    6. Feb 22 - >600,000
    7. Mar 22 - <400,000
    8. Apr 22 - <400,000
    9. May 22 - <400,000
    10. Jun 22 - <300,000
    11. Jul 22 - 500,000
    12. Aug 22 - <300,000
    13. Sept 22 - 263,000 (HIGHLIGHTED IN DARK GREY AT FAR RIGHT)


    Data is seasonally adjusted.

    Source: Bureau of Labor Statistics
     
  10. Chop

    Chop 10,000+ Posts

  11. Chop

    Chop 10,000+ Posts

  12. Chop

    Chop 10,000+ Posts

    So what does the UN suggest that 1st World Countries do to fight inflation...............

    :drummernana::drummernana::drummernana::drummernana::drummernana::drummernana::drummernana::drummernana::drummernana:





















    PRICE CONTROLS, WINDFALL PROFIT TAXES, AND MORE REGULATIONS

    UN Agency Wants Inflation to Be Fought With Price Controls, Windfall Taxes, Tighter Regulations

    UN’s Grynspan Calls on Central Bankers To Halt Interest Rate Hikes

    "Officials at the UN Conference on Trade and Development recommend that central bankers consider price controls and windfall taxes to combat inflation instead of continued interest rate increases."

    [​IMG]
    :e-poo::e-poo::e-poo::e-poo::e-poo::e-poo::e-poo::e-poo::e-poo::e-poo::e-poo::e-poo::e-poo::e-poo::e-poo:
     
    • poop poop x 1
    Last edited: Oct 7, 2022
  13. theiioftx

    theiioftx Sponsor Deputy

    When does the Inflationary Reduction Act kick in on lowering inflation? One of the administration flunkies was just on MSNBC lauding the power of this act. Does not mention when it actually will work. They hang their hat on lower prescription prices which do not kick in until 2026. If you can answer this question truthfully, also let me know when they arrest the SCOTUS leaker.
     
  14. iatrogenic

    iatrogenic 2,500+ Posts

    • Like Like x 1
  15. mchammer

    mchammer 10,000+ Posts

    • Agree Agree x 3
    • Funny Funny x 1
  16. Mr. Deez

    Mr. Deez Beer Prophet

     
    • WTF? WTF? x 1
  17. Horn6721

    Horn6721 10,000+ Posts

    And they didn't include utility costs.
     
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    • WTF? WTF? x 1
  18. mchammer

    mchammer 10,000+ Posts

    Or rent
     
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  19. Sangre Naranjada

    Sangre Naranjada 10,000+ Posts

    Or increased wages for twittiots like those on the thread who can't figure out that "#" means pounds of eggs, and who are screaming the whole thing is bogus because eggs don't cost $3 each.
     
    • Agree Agree x 1
  20. nashhorn

    nashhorn 5,000+ Posts

    That is a scary chart, real but scary.
     
    • Agree Agree x 1
  21. Mr. Deez

    Mr. Deez Beer Prophet

    It's why I don't believe the 8 percent figure - certainly not for normal things that everyday people routinely buy.
     
    • Agree Agree x 2
  22. Sangre Naranjada

    Sangre Naranjada 10,000+ Posts

    Thanks, inflation Joe!
     
    • Agree Agree x 1
  23. Sangre Naranjada

    Sangre Naranjada 10,000+ Posts

    [​IMG]
    Joe's policies inflated these too!
     
    Last edited: Oct 10, 2022
  24. Chop

    Chop 10,000+ Posts

    Protests erupt throughout France over inflation.

    Meanwhile, French refiners are on strike and the union has rebuffed French oil giant Total’s latest offer.

    It’s getting ugly in Brieland.

    :tap:
     
  25. AC

    AC 2,500+ Posts

  26. AC

    AC 2,500+ Posts

    Beyond rumor. It’s true but much worse in Europe and China! I wire large sums weekly and I get two day holds a lot.
     
  27. Chop

    Chop 10,000+ Posts

  28. Chop

    Chop 10,000+ Posts

  29. Chop

    Chop 10,000+ Posts

    It's getting pretty dicey out there...
     
  30. Chop

    Chop 10,000+ Posts

    More doom and gloom...

     

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