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This is the leftist dystopia they voted forSteel 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
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.This is the leftist dystopia they voted for
Trump wanted negative rates, no?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.
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.Trump wanted negative rates, no?
Expect rates to rise and markets to tumble for a couple of days once they do. Shift to international fundsYes 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.
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.Expect rates to rise and markets to tumble for a couple of days once they do. Shift to international funds
Hail Cesar .. The clown en chief...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
Give it time CD.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.
These represent defacto Biden tax increases that hit the poor and middle class the hardest.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
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.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.
Deflection is the name of this one’s game.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.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.
What does this have to do with price hikes this week? Did you bang your head recently? You sound nonsensical like @cems52 does most days.Bullshit! He lost his reelection.
Dude STAY on topic! Seriously man. PRICE INCREASES OF GOODS AND SERVICES IS THE TOPIC>!Bullshit! He lost his reelection.
Reading is hardDude STAY on topic! Seriously man. PRICE INCREASES OF GOODS AND SERVICES IS THE TOPIC>!
I swear to G-D if we made a post on pizza he would post about TrumpReading is hard
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.Expect rates to rise and markets to tumble for a couple of days once they do. Shift to international funds
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.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.
I’ve read many of his press conferences and interviews. It seems getting back to “full employment” (his term) is his primary goal.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'm starting a new thread numbers just came outI’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.