We are the 5 percenters!

Not being a child, you realize that a month or two of rising prices after coming out of a period of low demand means next to nothing in the long term.

 

Posting anything from the internet is as good as nothing.

 

I just love 3$ gas. I'm super stoked!

 

What did they accomplish?

 

Nice. Here are two more graphs, which are just as, if not more relevant to inflation:





This data and forecast indicate no disruption on the supply side. The current inflation is demand driven, and without a corresponding rise in the cost of capital, prices will level off.

Further infusions of capital, such as infrastructure, will certainly have an effect. On the plus side, inflation wise, infrastructure is a top-down enterprise economically speaking. It would be a mistake to borrow money for infrastructure, as it appears the Republicans want to do. User fees and excise taxes aren't gonna work, either.

 

Technically began with LBJ'S surge in Vietnam, and the kick off to the Great Society which Nixon fully funded. But hey at least you remembered sort of. You left Jimmy 'if you can't do it halfassed dont do it all' Carter.

 

Let's pretend as government policy.

 

I didn't need to include Jimmah because he had already been mentioned, seemed redundant. What did you want a synopsis of the entire political history of the US?

 

Nah just the decade and a half from LBJ's years to 80. Decisions made by all of them in that time frame still haunt us today.

 

Yeah, this was so half-assed. Smh



Would the Middle East look different today if Sadat hadn't been assassinated?

 

We still use much of what FDR did also.

 

Difficult to say. Would it look different had the Shah not been forced to abdicate and Khomeini put in his place?

 

Have you been to brick and mortar stores lately?

Things may be available online, but selection and price are a bit of a shock.

 

I love haunted! This place is great.



See. Right there on the Walk of Fame. Stephen King.



Scary place.

I'm not haunted by ghosts of '50s past. Sorry to hear you feel that way.

 

I don't care about brick or mortar stores because I retired from being a mason.

 

That actually got a laugh. Non responsive, but entertaining.

 

I think the answer to both is yes, and the first may have precluded the other.

 

True but not all of that was horrible. I'm sure Charlie Wilson didn't think saving the Afghani from the Russians would play a role in the fall of the Twin Towers, just sure Nixon never imagined China Rampant as it is today and having coopted so many American tech moghuls. The jury remains sort of undecided on wether or not LBJ intended the destruction of the African American family through the welfare state.

 

It's all demand driven. To be expected coming out of a pandemic and with government infusions of cash. If the private sector doesn't keep up when the government cash runs out, prices will necessarily fall.

Consumer demand is limited by the amount of money people bring home every week. Once that limit is reached, prices have to level off. That's a very basic observation, but as long as capital remains cheap - and there's no indication it won't - prices will rise, but inflation won't spiral out of control.

 

Carter forced the Shah to abdicate in order to get cancer treatment.

 

Lol. Carter didn't force anybody to do anything. He allowed the Shah into the country for treatment. It was a humanitarian decision. What Iranian radicals thought has nothing to do with Carter. I fail to see your point. If it's "Mr. Peanut Bad," then Big Fail.

 

The Fed is allowing for high inflation in the belief it is a temporary phenomenon and in the hope letting the economy run hot will get us to "full employment." The market agrees. Look at bond prices. Far from dying the economy is on fire.

Consumer prices jumped more than expected in May, but the surge in inflation looks to be temporary and should not push the Federal Reserve to tighten policy for now.

The consumer price index rose 5% in May on a year-over-year basis, the highest since the summer of 2008, when oil prices were skyrocketing. Excluding food and energy, core CPI rose 3.8% year over year, the highest pace since 1992. A third of the increase was attributed to a sharp 7.3% increase in used car and truck prices.

Fed officials have described the current period of high inflation as transitory, meaning it should be brief or short-lived. They have expected several months of elevated price increases because of pent-up demand and supply chain lags. The comparison to last year’s weak levels — at a time when the economy was mostly shut down — is also a factor.
https://www.cnbc.com/2021/06/10/inf...ed-but-transitory-wont-affect-fed-policy.html

 

The welfare state that existed since FDR created it and left the blacks out, you mean that welfare system that didn't allow blacks until Johnson? I bet you think that allowing blacks to have social security was wrong also, but you never said anything about whites on welfare or having social security, I guess you feel whites are the exception to every rule including the law of nature.

 

Faced with an army mutiny and violent demonstrations against his rule, Mohammad Reza Shah Pahlavi, the leader of Iran since 1941, is forced to flee the country. Fourteen days later, the Ayatollah Ruhollah Khomeini, the spiritual leader of the Islamic revolution, returned after 15 years of exile and took control of Iran.
https://www.history.com/this-day-in-history/shah-flees-iran

The shah traveled to several countries before entering the United States in October 1979 for medical treatment of his cancer. In Tehran, Islamic militants responded on November 4 by storming the U.S. embassy and taking the staff hostage. With the approval of Khomeini, the militants demanded the return of the shah to Iran to stand trial for his crimes. The United States refused to negotiate, and 52 American hostages were held for 444 days. Mohammad Reza Shah Pahlavi died in Egypt in July 1980.