INFLATION

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

  1. Chop

    Chop 10,000+ Posts

  2. Monahorns

    Monahorns 5,000+ Posts

    Let the interest rate float and take money making ability out of the hands of governments and this won't happen. Just sayin'.
     
  3. Mr. Deez

    Mr. Deez Beer Prophet

    Screenshot_20221023-115340.png
     
    • Funny Funny x 5
  4. Chop

    Chop 10,000+ Posts

    UK inflation has topped 10%. Mushy peas and jellied eels are getting expensive.

    The Prime Minister resigned; her gov’t has toppled.
     
  5. Chop

    Chop 10,000+ Posts

    https://www.cnbc.com/2022/10/24/jpm...ay-fall-further-as-the-fed-raises-rates-.html

    • “I think putting inflation back in a box is very important,” Pinto told CNBC in an interview. “If it causes a slightly deeper recession for a period of time, that is the price we have to pay.”
    • “I don’t think we’ve seen the bottom of the market yet,” he said, adding that corporate earnings expectations were still too high.
    • Pinto, who leads the world’s biggest investment bank by revenue, called cryptocurrencies a small asset class that is “kind of irrelevant” at the moment.
     
  6. Chop

    Chop 10,000+ Posts

  7. Chop

    Chop 10,000+ Posts

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  8. HornHuskerDad

    HornHuskerDad 5,000+ Posts

    Like we had when DJT was POTUS!
     
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  9. mchammer

    mchammer 10,000+ Posts

    Yeppers:

     
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  10. Chop

    Chop 10,000+ Posts

    How Biden could have warded off inflation

    the Fed did start raising interest rates in March of this year. But that was almost a year after inflation began to rise above normal levels. At the end of 2020, inflation was a negligible 1.3%. By June of 2021, it had hit 5.3%, well above the Fed’s 2% target. Yet the Fed did nothing for another 9 months. Why did it wait so long?

    There was fevered debate in the summer of 2021 over whether inflation was transitory or permanent. Biden insisted it was transient, and Fed chair Jerome Powell basically agreed.
     
  11. Chop

    Chop 10,000+ Posts

    The Fed could 'risk the lives of millions of Americans' by the way it's choosing to tackle inflation, a top Democratic lawmaker says

    Sherrod Brown (D Ohio)

    It's the Federal Reserve's job to combat rising prices in the country — but a top Democratic lawmaker isn't happy with the way it's choosing to do so.

    "The Federal Reserve's tools work to lower inflation by reducing demand for economic activities sensitive to interest rates," Brown wrote. "However, a family's 'pocketbook' needs have little to do with interest rates, and potential job losses brought about by monetary over-tightening will only worsen these matters for the working class."*

    "For working Americans who already feel the crush of inflation, job losses will make it much worse. We can't risk the livelihoods of millions of Americans who can't afford it," he added.

    *it's good to see there's at least one champion of the working class left in this government.
     
  12. Chop

    Chop 10,000+ Posts

    • Funny Funny x 1
  13. Chop

    Chop 10,000+ Posts

  14. Chop

    Chop 10,000+ Posts

  15. Chop

    Chop 10,000+ Posts

    [​IMG]

    Here's your $10.25 stadium beer, sir...
     
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  16. Chop

    Chop 10,000+ Posts

    [​IMG]

    The "Extra" means that'll be an extra $6 for your beer...
     
  17. Chop

    Chop 10,000+ Posts

    In some boardroom in Mexico, D.F.:

    Say, maybe we keep the price the same, just make the bottle around 40% smaller. Nobody would notice...


    [​IMG]
     
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  18. Mr. Deez

    Mr. Deez Beer Prophet

    I honestly don't understand why anyone goes to an NFL game. Tickets are expensive as hell. Even in a "good" seat, you can't see that well. And if you want to park your car or get anything to eat or drink, you get bent over like a drag queen in a prison for crappy food and beer. Much rather smoke some ribs, get some good beer, and watch the game at home for about 1/100th the cost.
     
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  19. mchammer

    mchammer 10,000+ Posts

    The above analysis is wrong. Interest rates were held low to meet woke goals (from WSJ, Feb 2022):

    4C7D37AD-BC44-4612-B243-59C218947C21.jpeg
     
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    Last edited: Oct 27, 2022
  20. mchammer

    mchammer 10,000+ Posts

    This is Larry Summers in Oct 2021:

    'Woke' Fed risks losing control of inflation, says former Treasury Secretary Larry Summers


    Bloomberg - Are you a robot?
     
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  21. mchammer

    mchammer 10,000+ Posts

    Note the Fed didn’t adequately warn investors such as myself that they fundamentally changed policy. I would have acted differently if they did.
     
  22. Chop

    Chop 10,000+ Posts

  23. Chop

    Chop 10,000+ Posts

  24. Chop

    Chop 10,000+ Posts

    Bloomberg - Are you a robot?


    Paychecks are surging in some of the US cities with the highest rates of inflation, suggesting that a wage-price spiral is now firmly embedded in the economies of metro areas from Miami to Phoenix.
     
  25. mchammer

    mchammer 10,000+ Posts

     
    • WTF? WTF? x 2
  26. Horn2RunAgain

    Horn2RunAgain 2,500+ Posts

    Can't believe the dude interviewing her didn't burst out in laughter
     
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  27. theiioftx

    theiioftx Sponsor Deputy

    Fixed it for you.
     
    • Like Like x 1
  28. HornHuskerDad

    HornHuskerDad 5,000+ Posts

    AOC is totally clueless. And the scary thing is that enough voters in her district believe her line of garbage.
     
  29. Chop

    Chop 10,000+ Posts

    Weeeeeeeelllllllllllllllllllll…

    The Fed is part of the government. So is the Congress. So is the EPA.
     
  30. Mr. Deez

    Mr. Deez Beer Prophet

    Isn't that Chris Hayes? He's a big of a nut as she is.
     
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