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Real price hikes Judge for yourselves

HJCane

SuperCane
Gold Member
Jun 2, 2007
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Steel up 145%
Lumber up over 126%
Wheat up 25%
Food up 25%
Cotton up 35%
Copper up 50%
Oil up 80%
All in past 70 days
 
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This is the leftist dystopia they voted for
Well not to defend them because you know I never do; this is a product of REAL MARKETS trading on REAL ECONOMICS coupled with extensive printing of money, some warranted but plenty NOT warranted and supply chains that were locked up and can't open up fully quickly. The free market system is rarely wrong. It tells the truth even when politicians lie.

We should be earning interest on our money right now to reflect the real inflation we are experiencing but those are being kept artificially low with Voodoo economics. In the interest rate are free markets are being blocked.
 
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Well not to defend them because you know I never do; this is a product of REAL MARKETS trading on REAL ECONOMICS coupled with extensive printing of money, some warranted but plenty NOT warranted and supply chains that were locked up and can't open up fully quickly. The free market system is rarely wrong. It tells the truth even when politicians lie.

We should be earning interest on our money right now to reflect the real inflation we are experiencing but those are being kept artificially low with Voodoo economics. In the interest rate are free markets are being blocked.
Trump wanted negative rates, no?
 
Trump wanted negative rates, no?
Yes and Trump term they did Covid relief 1,2,3 etc......and stupidly allowed tons of unrelated BS in the bills. Wasted money, more printing, more weakening. I won't get into the blame game for this waste because it made it's way into the bills and both sides voted for them. It stinks to high hell. The CONSUMER is now paying for stupidity.
 
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Yes and Trump term they did Covid relief 1,2,3 etc......and stupidly allowed tons of unrelated BS in the bills. Wasted money, more printing, more weakening. I won't get into the blame game for this waste because it made it's way into the bills and both sides voted for them. It stinks to high hell. The CONSUMER is now paying for stupidity.
Expect rates to rise and markets to tumble for a couple of days once they do. Shift to international funds
 
Expect rates to rise and markets to tumble for a couple of days once they do. Shift to international funds
Don't know about a shift to Int'l funds because rates up should strengthen the $. Neither here nor there. Rates are being kept artificially low. The Federal Reserve balance sheet shows that the FED is sitting on 7.1 TRILLION in our own debt securities. They will have to unwind those one day.
 
Ever hear of covid? Your desperate attempt to make what Biden is doing look bad is just sad to me. It's what's wrong with this country. You want to act like some racist POS was doing a great job when he was attacking our country.

He lost. Get over it! That doesn't mean our country will never see a problem again. We are doing so much better without him. We are coming out of covid and we are on our way to doing great things now. We aren't looking at who is going to jail everyday in the admistration.
 
Ever hear of covid? Your desperate attempt to make what Biden is doing look bad is just sad to me. It's what's wrong with this country. You want to act like some racist POS was doing a great job when he was attacking our country.

He lost. Get over it! That doesn't mean our country will never see a problem again. We are doing so much better without him. We are coming out of covid and we are on our way to doing great things now. We aren't looking at who is going to jail everyday in the admistration.
Give it time CD.
 
Steel up 145%
Lumber up over 126%
Wheat up 25%
Food up 25%
Cotton up 35%
Copper up 50%
Oil up 80%
All in past 70 days
These represent defacto Biden tax increases that hit the poor and middle class the hardest.

Expect Raoul to chime in with DNC talking points that these are natural fluctuations of commodity prices and in no way a sign of any inflationary trends. LOL!
 
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Ever hear of covid? Your desperate attempt to make what Biden is doing look bad is just sad to me. It's what's wrong with this country. You want to act like some racist POS was doing a great job when he was attacking our country.

He lost. Get over it! That doesn't mean our country will never see a problem again. We are doing so much better without him. We are coming out of covid and we are on our way to doing great things now. We aren't looking at who is going to jail everyday in the admistration.
CD this isn't a blame Biden post. This is an inflation / economics post. Question is; What will Biden administration do about it since it's their show now. I started the thread showing price increases of a variety of goods. I did not write Biden's name in the post so why you bringing him up? I do find it surprising that you now blame covid but when it comes to Trump and the economy souring in his final year, then covid is never mentioned.
 
CD this isn't a blame Biden post. This is an inflation / economics post. Question is; What will Biden administration do about it since it's their show now. I started the thread showing price increases of a variety of goods. I did not write Biden's name in the post so why you bringing him up? I do find it surprising that you now blame covid but when it comes to Trump and the economy souring in his final year, then covid is never mentioned.
Deflection is the name of this one’s game.
 
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CD this isn't a blame Biden post. This is an inflation / economics post. Question is; What will Biden administration do about it since it's their show now. I started the thread showing price increases of a variety of goods. I did not write Biden's name in the post so why you bringing him up? I do find it surprising that you now blame covid but when it comes to Trump and the economy souring in his final year, then covid is never mentioned.
Bullshit! He lost his reelection.
 
Expect rates to rise and markets to tumble for a couple of days once they do. Shift to international funds
Jerome Powell has said he believes price increases are a result of COVID caused bottlenecks and thus will be temporary. He seems committed to leave rates alone. Not sure way they are ignoring the impact of wage increases which will not be temporary.
 
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Jerome Powell has said he believes price increases are a result of COVID caused bottlenecks and thus will be temporary. He seems committed to leave rates alone. Not sure way they are ignoring the impact of wage increases which will not be temporary.
Plenty of FED reserve presidents have mis-judged the economy over the decades. What is temporary 2-3-4-6-10 months? How can he know? I agree and I have posted about supply chain problems. No doubt about that.
 
Plenty of FED reserve presidents have mis-judged the economy over the decades. What is temporary 2-3-4-6-10 months? How can he know? I agree and I have posted about supply chain problems. No doubt about that.
I’ve read many of his press conferences and interviews. It seems getting back to “full employment” (his term) is his primary goal.

I have also heard him say he won’t raise rates until his inflation markers are consistently being surpassed over a period of time. He seems concerned about not reacting to inflation spikes as opposed to what he believes is a sustained trend.

Not sure how he defines the period of time he intends to use as his trigger. Must be like the judges definition of pornography. “I can’t tell you what it is, but, I know it when I see it.”

Meanwhile, more and more dialogue coming out of Wall Street about inflation Concerns.
 
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I’ve read many of his press conferences and interviews. It seems getting back to “full employment” (his term) is his primary goal.

I have also heard him say he won’t raise rates until his inflation markers are consistently being surpassed over a period of time. He seems concerned about not reacting to inflation spikes as opposed to what he believes is a sustained trend.

Not sure how he defines the period of time he intends to use as his trigger. Must be like the judges definition of pornography. “I can’t tell you what it is, but, I know it when I see it.”

Meanwhile, more and more dialogue coming out of Wall Street about inflation Concerns.
I'm starting a new thread numbers just came out
 
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