This is so bad for our economy. Market tanking and FED is screwed because to fight inflation they MUST tighten monetary supply and slow the economy. Biden and the Dems are in big trouble. They will get the blame and rightfully so.
PPI up over 9% we are in DEEP trouble
- Thread starter HJCane
- Start date
It's not that hard to understand. The Fed buys Treasury Bonds and pumps more money into the economy, creating a situation where there is too much money and too few goods.Prices go up and you get inflation like we have now. Fed is going to have to taper buying, hopefully decreasing inflation but cooling off the economy and stock market. They waited too long to start this IMO.
Exactly. Our so called leaders dropped B52's filled with cash on to our economy TRILLIONS, lowered interest rates to ZERO so it made getting loans easy, gave FREE money out, and now they can't understand why all that money chasing a reduced amount of goods has caused prices to skyrocket?
The only way out is too make it harder to get your hands on money REDUCING demand.
You just asked to have it explained to you and immediately declare no problem. What a clown.
You asked for an explanation since it seems it was beyond you. You got one. Larry Summers , Obama's Chief Economist ,Sec. of Treasury and Pres. of Harvard says Biden is doing EVERYTHING wrong. Too bad for you we can't blame Trump . Inflation was at 1.4% when he left office. LoL!
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When Trump left office the economy sucked. Now with the virus in our rear view mirror it has heated up.
Asking you to elaborate to prove how ignorant you are does not mean I didn't understand. You always fall into my traps. smh
Rear view mirror? Then why are YOUR people in California and NY starting up more mandates?
People with any amount of class, thank someone who explains something to them. You on the other hand call him a dumdass. Guess that says it all.
$4 for a pound of butter and car dealerships around the country buying back cars they sold months prior for thousands more than they initially sold for. If we inject another trillion out of thin air, the market will go up again. What do you think? Good idea? There’s less than half a billion people in this country, where’s it going?
tell ya what, go on ebay and you can buy a ten trillion dollar bill from Zimbabwe for less than $40 American currency. Maybe you should just move to Zimbabwe where you’d have trillions more than everyone in America.
Market will be fine long term but yeah, could/should take a big hit at some point. DJIA gone from 6600 after housing crash to almost 37000, so big pullback coming but gotta relax. Hard to reverse an overall trend let alone the entire market as a whole
Stop printing money, please stop with this stimulus money, raise interest rates and get us out of this dam inflation hole Biden. Oh yes I forgot he said inflation is under control…. Worst president ever!!!! I didn’t think there ever could be a worse one than carter, but yes there is and his name is Biden!!!!!!
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