You left out tremendous Government spending at every level Federal, State, and local. In many cases local governments don't even know what to do with all the money received.
Inflation numbers due in 1 minute
- Thread starter HJCane
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You can’t argue with Mike
He never used facts
Take Germany a similar industrial country
Yes they are experiencing Inflation. It’s about 4.8 %, ours is 7.9 % 40% less than us
While our inflation does effect other country’s rates, we still have greater inflation than any other developed country
#blamebrandon #cuntalaisamoron
He never used facts
Take Germany a similar industrial country
Yes they are experiencing Inflation. It’s about 4.8 %, ours is 7.9 % 40% less than us
While our inflation does effect other country’s rates, we still have greater inflation than any other developed country
#blamebrandon #cuntalaisamoron
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Mikes whole argument is this:
Supply chain was broken due to Covid > partially true not fully
Look at all the other countries suffering inflation > so it shouldn't matter because we are all in the same boat
He neglects the very important factor of monetary supply M2 money supply chart @miamimike LOOK at 2020 !!
M2 Money Supply Growth vs. Inflation - Updated Chart | Longtermtrends
The M2 Money Supply is a measure for the amount of currency in circulation. This chart plots the yearly M2 Growth Rate and the Inflation Rate.
THAT IS THE PREDOMINANT FACTOR ^^^^^^
We all agree that inflation is too many dollars chasing too few goods. So explain how Biden policies caused supply disruptions that resulted in too few goods. The answer.- It wasn't Biden policies that caused supply disruptions, it was a global pandemic.
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Here Mike look at M2 money supply charts it's interactive. HERE YOU WILL SEE THE REASON! If we didn't PUMP all this money out like fools the supply disruptions could have been worked around!
M2 Money Supply Growth vs. Inflation - Updated Chart | Longtermtrends
The M2 Money Supply is a measure for the amount of currency in circulation. This chart plots the yearly M2 Growth Rate and the Inflation Rate.
This is the worst inflation in our country’s modern history, if we used the same CPI as we did in 1982 inflation would be at 15%.
MAKE SURE TO THANK A JOE BIDEN VOTER TODAY .
MAKE SURE TO THANK A JOE BIDEN VOTER TODAY .
This is way worse than the Carter inflation, ( some Gerry Ford too)
I lived through that
14 % inflation, 15% mortgages
BUT. Back then you could buy CDs that paid 14% for 10 year terms
So an investor could break even
Now ?
You get less than 1% on a CD while your savings decrease at a rate of 8%
But it’s transitory?
Huh ?
It’s been 6 months and projected to last another 8 months . At least
This blame Putin lie is another attempt at gaslighting the American public
Have they no shame ?
#blamebrandon , #cuntalaisamoron
I lived through that
14 % inflation, 15% mortgages
BUT. Back then you could buy CDs that paid 14% for 10 year terms
So an investor could break even
Now ?
You get less than 1% on a CD while your savings decrease at a rate of 8%
But it’s transitory?
Huh ?
It’s been 6 months and projected to last another 8 months . At least
This blame Putin lie is another attempt at gaslighting the American public
Have they no shame ?
#blamebrandon , #cuntalaisamoron
Good morning. That is not the definition of Inflation.
- the action of inflating something or the condition of being inflated.
"the inflation of a balloon" - .
ECONOMICS
a general increase in prices and fall in the purchasing value of money.
What causes inflation?
Inflation is a measure of the rate of rising prices of goods and services in an economy. Inflation can occur when prices rise due to increases in production costs, such as raw materials and wages. A surge in demand for products and services can cause inflation as consumers are willing to pay more for the product.
Merriam Webster:
2: a continuing rise in the general price level usually attributed to an increase in the volume of money and credit relative to available goods and services
The FED is in a HUGE pickle. Rates will start going up when they meet next week. With the Russia situation they won't be able to be as aggressive as they need to be. My guess 1/4 point increase next week and 4-5 interest rate hikes for the 2022 year. No Russia next week should have been .50%. Still might get .50% If this continues look for much higher rates.
It doesn't matter Mike. Even if supply had stayed unchanged, the growth of M2 money supply would still have driven costs higher. A serious increase in monetary supply like any other commodity results in a weakening of the dollar which is a commodity and trades on the markets every single day. The supply side of this equation was the easier side to deal with. There are workarounds on the supply side. I'm not talking about oil / gas because that market is tough but food and other items if too expensive it corrects itself when the demand for that product wanes.
In addition look at labor market. Small pool of available workers + workers getting more money to stay home has driven up labor costs as business struggles to find workers they had to offer more money. All of that is now being priced into the product or service being offered.
AKA too many dollars chasing too few goods.Good morning. That is not the definition of Inflation.
Causes of inflation
- the action of inflating something or the condition of being inflated.
"the inflation of a balloon"
- .
ECONOMICS
a general increase in prices and fall in the purchasing value of money.
What causes inflation?
Inflation is a measure of the rate of rising prices of goods and services in an economy. Inflation can occur when prices rise due to increases in production costs, such as raw materials and wages. A surge in demand for products and services can cause inflation as consumers are willing to pay more for the product.
Merriam Webster:
2: a continuing rise in the general price level usually attributed to an increase in the volume of money and credit relative to available goods and services
THE CAUSE OF THIS INFLATION is BIDENS ADDITIONAL and UNNECCESARY 2 trillion dollar relief package. He was WARNED!
You mean the relief package that gave the Boston Marathon bomber $1,500 ?
Which he spent creating more cheap dollars chasing limited goods ?
That relief package?
I lost count of which trillion $ relief package did what .
I think you mean the package that was passed without any Republican votes ?
Thank God for Manchin and Sinema , imagine if that monstrosity BBB had passed ! We would be at 20% annual inflation
Biden's relief package is not the cause of annual inflation rates for many of the largest economies having climbed to their highest levels for years or even decades. Obviously, there are other factors contributing to rising global inflation.
Same old broken record. Too bad what you are saying is not true. The other posters have already laid out who, what and why but you just parrot 1 pt.
Blaming Bidens relief package for global inflation is preposterous and other posters haven't laid out anything but blame for Biden over something over which he has no control! Demand-Supply mismatch is the simple reason behind most inflation, including now!
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