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All-TigerNet [10887]
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Bidenflation - official government stat is 7.5%, reality is
Feb 10, 2022, 9:53 AM
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about 15-20% rise in prices year over year. Let's go Brandon!
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110%er [6692]
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Re: Bidenflation - official government stat is 7.5%, reality is
Feb 10, 2022, 9:57 AM
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Would the terrible inflation not exist if he weren't in office? Why is there record inflation in the EU as well? Is that because of Biden? I think it's a little more complex than who our president is.
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All-TigerNet [10887]
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lol, partisanship leads to retardation***
Feb 10, 2022, 9:57 AM
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110%er [6692]
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All-TigerNet [10887]
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I consistently criticize the government. doesn't matter who
Feb 10, 2022, 10:48 AM
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does it. You are trying to deflect blame from Biden even though you know it is always the president who gets the blame and takes the credit.
The old dementia patient "won" the election, so he gets the blame.
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110%er [6692]
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Re: I consistently criticize the government. doesn't matter who
Feb 10, 2022, 11:08 AM
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Fair enough, but I am just wondering if it would been the same without him. I don't see what Trump would have done different is all I am saying. He wanted the stimulus checks as well. He actually wanted larger ones. He wanted interest rates even lower. I think we were doomed either way.
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All-In [46825]
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This is a one way train that left the station
Feb 10, 2022, 11:10 AM
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long before Trump or Biden could put the brakes on it
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All-TigerNet [10887]
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Trump is a central planner at heart as well. He's somewhat
Feb 10, 2022, 12:48 PM
[ in reply to Re: I consistently criticize the government. doesn't matter who ] |
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better because he wants to reduce taxes on producers and regulations, but he's not much better. Even so, he had much better economic performance before Fauci released the virus.
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All-In [46825]
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#### it you got me again. You had me nodding until
Feb 10, 2022, 12:50 PM
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your last nut job line
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CU Medallion [64837]
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Re: #### it you got me again. You had me nodding until
Feb 11, 2022, 6:43 AM
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Had the opposite effect on me. Ryanadidas was all like:
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All-In [31894]
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Oculus Spirit [97719]
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Transitory.
Feb 10, 2022, 10:06 AM
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Short term. Prices will fall. Probably in the summer sometime (now).
It's transitory and will resolve itself when the pandemic ends. Humm...it's almost as if......nah.......can't be. 
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All-In [46825]
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It'll only end when they raise rates and this house of cards
Feb 10, 2022, 10:08 AM
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comes crumbling to the ground.
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All-TigerNet [11630]
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LOL not transitory.
Feb 10, 2022, 10:10 AM
[ in reply to Transitory. ] |
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The construction industry has all indicators showing 2022 will be the same 5-10% inflation that 2021 had. Most major manufacturers have already done a price increase in 2022. Trane went up 10% across the board on January 1.
Ford sees their inventory being very tight for 2022 as well. This means new and used car prices will remain high.
Until the labor market loosens, wages will remain high leading to high demand and prices for goods.
While Biden did not cause this, his policies and spending bills are making it worse.
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All-TigerNet [10887]
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If anything, it will go higher when the pandemic ends.***
Feb 10, 2022, 10:49 AM
[ in reply to Transitory. ] |
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CU Medallion [55747]
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November cannot get here soon enough.***
Feb 10, 2022, 10:29 AM
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All-In [47750]
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271 days
Feb 10, 2022, 1:44 PM
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But who's counting
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All-TigerNet [12249]
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The Fed's unending QE policy since 2008 was bound to
Feb 10, 2022, 11:10 AM
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eventually bring about some increase in inflation. QE was a simmering inflation ember that Congress decided to throw gasoline on to create an inflation firestorm. Over the last 3 years, Congress has put the money printing presses into overdrive - to the tune of $5 Trillion in "new" money. What did people think was going to happen when the Government created all that new money in such a short time frame?
Yet there are still idiots in Congress who want to spend (i.e. print) even more money to create all these new Government bureaucracies, programs, handouts, green new deals and other BS that will make our staggering inflation increases even worse. The quickest way to end the USA is to continue growing the Federal Government and it's associated unrelenting spending - eventually our currency will become worthless and the system will crumble...
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All-TigerNet [10887]
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Yeah I mean the Fed is evil and it's inception really
Feb 10, 2022, 12:50 PM
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converted the US from somewhat of a free country to really a top-down, centrally planned, totalitarian empire. But that's a topic for another time.
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All-In [31894]
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"centrally planned, totalitarian empire" - LOL***
Feb 10, 2022, 12:51 PM
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Oculus Spirit [97719]
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Irony is the entire scheme started under Ronald Reagan
Feb 10, 2022, 1:42 PM
[ in reply to The Fed's unending QE policy since 2008 was bound to ] |
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When he asked "Are you better off now than 4 years ago", that was the political playbook for the next 4 decades. Everything started in the 80's as a response to Carter and the 70's. Think about it....
When did illegal immigration become a problem?
When did interest rates start falling?
When did "free trade" and globalism/global trade start?
When did our national debt start skyrocketing?
When did the middle class start shrinking?
When did our GDP start climbing like a rocket?
When did the stock market start climbing?
All the metrics that define our present "problems" either started or exploded in the 1980's. For all the partisan bickering, the scheme has been executed in a very bipartisan manner for decades now. It has been legislated into existence, and carried along with further legislation, or lack of it. And deep down, democrats and republicans, liberals and conservatives, all know and see how this ends.
And our scheme has been exported as well. Western Europe plays ball. Japan tried it, and failed. China is trying it now as well, with a whole lot more potential for success. China is looking to Africa now for cheap labor, the ultimate source of untapped cheap labor. All a very similar setup to the Great Depression really. When it falls apart, it will impact everyone who touches us, China, Japan, Mexico, Brazil, Western Europe, everyone, to some extent. It is a great system, but like any economic system, success is unsustainable. Nothing goes up forever. Successive generations don't get richer forever. There's always a point reached, just have to wait and see what it is. And we will probably manage it much as Japan did if I had to guess. They had a soft landing, relatively, but their economy is a shadow of what it once was. It is a preferable unwinding as opposed to a depression, but we will have to see.
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Associate AD [840]
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It’s a lot more than 5 trillion in new money
Feb 10, 2022, 11:36 PM
[ in reply to The Fed's unending QE policy since 2008 was bound to ] |
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And it’s not Congress. Congressional spending is just how a part of it gets into the economy. M0 has increased by 30 trillion since Jan 2020. It’s gone from around 8 trillion in 2008 to 65 trillion now.
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Orange Blooded [4679]
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Re: Bidenflation - official government stat is 7.5%, reality is
Feb 10, 2022, 1:02 PM
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15 to 20% pice increases in many things yes. But I can only wish that I’ve only seen a 20% price increase in the products my business buys. 20% increase sounds wonderful!!!
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Associate AD [840]
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7.5 is the CPI number
Feb 12, 2022, 1:47 PM
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It's supposed to be representative of the average household's costs. Doesn't apply to my household or your business.
You need to look at the PPI for the categories you buy. I've escalated cost estimates this year the most I can remember, but I keep overshooting. A lot of specialty products are still in short supply from the lost production in 2020 - not just semiconductors, but also value-added products like specialty metals. I assume the food cost inflation is from increased labor and transportation costs, but haven't looked into it as much as industrial costs. Maybe if all the right-wing idiots elect another wannabe fascist like Trump, the wannabe fascist can force people to work undesirable jobs in food processing and relax the CDL requirements so we can get more truck drivers by enlisting those same right-wing idiots.
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