Americans souring on economy as inflation hits 30-year high

"Try"? Sorry but my browser doesn't display your attachment at all. So "Try" means nothing to me.
If the dollar has fallen 6% and the market is up 32% then my investments are making plenty of gains.

 

OK I found a way to display your attachment.
NEWS FLASH: the Dow is not "the market". It's an average of 30 stocks. Try the S&P 500 or Wilshire 50000.
Secondly, we're talking about the past 12 months when we say "the value of those dollars is -6% over last year", so in comparison the market must be presented in the same way.

You fail again.

 

The FED and the Treasury are expanding the money supply to pay for it and inflating the currency handing out money to people so they don't have to work and produce value to back that money and forcing wages up by government fiat. The LFPR continues to FALL. We have a record number of job OPENINGS and

 

Did you proofread that at all? WTF are you saying?

 

This total BS. We were screaming at Democrats to focus on Covid-19 instead of impeachment. The Chinese Government and the Democrats hid that information from the public. Then they went to Chinatown to eat ice cream and called every racist when Trump wanted to shut down air travel, which would have saved tens of thousands of lives. Then there was that idiot murderer Cuomo, who killed tens of thousands around the country when everyone followed his nursing home mandate.

The economy was pieced back together by the unpopular bank bailout. It held the banks together during the cash flow problem. It had nothing to do with Obama. We were already in recovery. The signs of recovery were even greater in

<POST EDITED>
Yeah. We blame inflation on Biden. He caused inflation. Just the example I gave about gas prices is pretty indicative of his failure as a leader on inflation. We needed the Saudi oil to increase after reopening. Biden didn't seem to understand that when he called them parasites and renegged on the Middle East Peace Deal. I bet the Saudi leaders consider Israel a more reliable ally at this point. Biden pathetically went to Iran to negotiate a new alliance against the Saudis and Israeli, but that didn't go well. Who the F wants to deal with Joe Biden?

Also, the shutdown caused supply chain issues, and international companies that were just holding with contracts in blue states have lost the capacity to keep manufactories and resources mines opens. The worst ports in the United States are in deep blue states. The California shutdown and regulations irreparably damaged the Chinese companies that shipped to the West Coast. If you haven't noticed yet, China is going through severe economic turmoil. So a lot of production is gone. Less supply less demand. What's left has to travel by freights, and wait weeks or over month to unload. That's a killer for freight. While ships were docked, one freighter dropped their anchor near an offshore oil pipeline and ripped it. Ships weren't suppose to anchor in that location, but there was such a backlog. That's the reason for the oil spill. Stupid F-ing Democrat policies.

Biden overheating the economy is the greatest BS line I heard from Democrats all year. lol. This goes way back six months to when Democrats didn't believe inflation was occurring, and then the Fed came out with that transitory inflation BS.

I can't keep F-ing talking about this same issue. The Democrat reluctance to halt mining on energy as well as precious metals needed for green and computer technology last year was also a big issue. I owned ten stocks with that same issue. That idiot Whitmer stopped one mine for graphite just cause it's not green enough for the state. Every case was about environmental injustice in minority communities. That was their case against these crucial items. And price of commodity contract is based on current and future expectations. If your supply is delayed or Whitmer is F-ing it up, then it's not feasible.

There's so much of that nonsense. They were gonna build a pipeline, natural gas facilities and improve ports in Wilmington, and all that got blown up by Democrats with that same environmental racism BS. That's why we ain't supplying Europe. It all connects. Russia gets to pipe natural gas to European countries cause Democrats messed up again.

 

In the last year a total of $150 million was approved with less than that being actually distributed. And in the last year the money supply increased $1,500,000 million, and therefore the stimulus checks account for 1/100 of 1% of the increase in the money supply. So you're trying to claim that a 0.01% increase in the money supply is responsible for a 6% drop in the value of the dollar.

ANOTHER epic fail!

 

So why do you post it then?

Democrats??? Republicans had power. Why didn't Trump focus on COVID? Why didn't "you" scream at Trump to focus on COVID?



The remainder is partisan garbage.

 

Not a big deal. That is only 3 percent higher then normal expected inflation.

I could cut my spending by 3 percent to make up for it if I needed too while my 401k is higher then it has ever been...and moving fast.

If Biden keeps this up I will be able to retire earlier then I thought and most likely today's inflation will be a distant memory.

 

Very slippery of you.

You treated my post like it was a news article.

You posted the part that supported your narrative while leaving the context out.

Nice try.

 

Greedy Elected Democrats Red Ink Orgy Destroying The Economy While They Rape Our Wealth.

Inflation Will Make Government Budget Problems Worse.

Elected Dems are like Hunter Biden crack addicts, no matter how much they get, it just makes them crave more. It's time for sanity. It's time for change.

 

You NAILED it!

 

Yeah but the problem is that the truth is the truth, and the truth is that Biden hasn't done enough of anything to cause 6% inflation or 5% or 4%. It's fallout from COVID.

 

Shows in my Android and PC. Try 17%. And 6% of MY retirement is HUGE. It is lost money. And if you'd like to send me 6% of your every year since you claim you won't miss it I'dbe glad to PM my address to you.

And I SURE hope the Dems take your positioning the matter.

 

Really?

Well, I suppose you see this Dem. "Spending Spree" in Stark Contrast to Trump's 4 Years of Meticulously Balanced Budgets?
^Good luck with that one.

Yippee!!!
It's All Biden's Fault...!!!

 

Fake News. Left Wing Economist, Larry Summers, 71st United States Secretary of the Treasury from 1999 to 2001 and as the 8th Director of the National Economic Council from 2009 to 2010, warned Biden and the Democrats that this would be the result if they were foolish enough to start of the Biden Presidency with an unneeded red ink fueled orgy. Then Biden, using his child molester whisper creepy voice, explained how clever he was for paying workers not to work by funding a strike against hard hit American Businesses trying to emerge from COVID, for higher wages. Everyone with a brain knows that paying workers not to work, when it's time for them to return to work, fuels inflation and results in shortages.

Larry Summers Accurately Predicted Bidenflation

And it has:

Look at what happens when the self-righteous idiots take over.​

Only a fool didn't see this coming.

So obvious that only a real idiot would miss it.

Not Delta, not supply lockups.

Despite Biden's self-serving lies, the economy didn’t need rescuing. "The nation’s GDP had almost completely recovered from the COVID lockdowns by March, and unemployment was tumbling. What’s more, vast amounts of money for the previous two COVID stimulus bills under President Donald Trump" provided all the remaining stimulus necessary.

Demented Biden's Idiots promptly attack Summers for telling the truth: "Nevertheless, the response from the White House to Summers’ alarm was swift. Biden’s top economic adviser, Jared Bernstein, called Summers “flat-out wrong.” Treasury Secretary Janet Yellen said the same.

Biden himself repeatedly dismissed inflation fears, telling the public that the spike in prices would be short-lived and was simply a sign of the economic rebound. “As our economy comes roaring back, we’ve seen some price increases,” Biden said in July.

Others on the left piled on Summers."

They deserve their coming destruction at the hands of the spurned voters.

Biden’s deliberately energy crisis. “Just hours after his inauguration, President Biden walked into the Oval Office and issued an executive order stopping construction on the Keystone XL pipeline. One week later he halted new oil and gas leasing on federal land. The White House justified the moves as crucial to combating climate change. Currently, the administration is considering the shutdown of the L5 pipeline that runs from Canada to Michigan, which would further limit energy transport and supply.”

They hate us. They want us to be cold, miserable, and paying double at the pump.

​

 

If 6% is huge, then 32 - 6 = 26% is more than 4 times as huge. Heck, the recent September market "correction" was a drop of about 5.5% and you aren't complaining.

You just want to argue. Inflation is part of life. Capitalists love it and if it were DEflation, the whole capitalist class would be screaming. And since COVID disrupted things so much, the inflation it caused for reasons I explained is also huge. So you aren't making any sense.

 

17% and ask Argentina how inflation is a big part of life. I lived through the 22% inflation on the late 1970's. That you try to defend and excuse is amazing.

 

76% and ask Harry how his toe is feeling.

WTF are you talking about? Is it some kind of code? Or maybe you could benefit from an English Comp course.

We're not talking about Argentina so it's amazing that you bring it up, and your complaints with the 1970s proves my point. But you sure do like to reach to avoid having to face your own errors and omissions.

 

You're right. He hasn't done anything to help the situation that all the Republicans on forum predicting since November of last year. He did manage to piss off our oil supplier in the Middle East before begging them to increase production of oil. All the ******n Democrats on the forum start threads celebrating Biden for cancelling Saudi deals under the Trump Administration, and now Biden is going to sell them weapons. So oil prices increased 60%, so lets chalk about half that to Biden. Natural Gas is up 100% (250% retail) cause Joe Biden did nothing while the Europeans saw the crisis looming and started working on infrastructure and storage facilities. Biden has ties to oversea natural gas companies. In fact, his son was a board member for one. Interesting story. I imagine Joe Biden wants natural gas prices to increase. Energy prices are becoming a bigger factor driving inflation for all companies as we head into winter. The rise was expected to result from a Biden Presidency.

Like I keep saying. Republicans have been talking about it all year long. Where the F have Democrats been? Oh yeah. They kept downplaying inflation.

 

Wowzer! That's a major case of deflection logorrhea! LOL!!! We're talking about inflation.

 

Did you sell?

 

it's temporary inflation due to distribution issues caused by the pandemic due to a change in people around the worlds spending habits

republicans are stoking the fires of fear, thus we will have to over-react, which is fine with dems as it helps the people

let's raise the min wage and send out another stimulus

 

ok repubs, either the issue is America is doing better economically and demand for goods is up, because the people have more money to spend

or, it's a supply issue due to distribution issues cause by the pandemic

either supply or demand, which is it?

 

No. It's on point. You just don't seem to understand the current Bidenflation issue. You realize there are multiple types of inflationary triggers?

There's three types of inflation that are being discussed: Cost-Push, Demand-Pull, and wage-price spiral. How Biden deals with energy will have a great impact on international prices, because the big game in town is Russia and Saudi Arabia. We might have been able to work with both countries under the last administration given Trump's historic deal-making with Saudi Arabia, but Biden has poisoned the well at a time when the US can't afford to piss off countries with a significant impact on international energy markets.

 

Fake News. All currency is, is a demand on labor. Biden and the Red Ink Orgy Democrats paid workers to not work at a critical recovery point when workers needed to return to work after the COVID shutdowns. Creeping Whisper Voice Biden bragged that he would "increase wages" through this Democrat funded strike against the US economy. Being the complete FU that he always has been, workers effective wages are now being LOWERED by rampant inflation, just as we all warned.

What Does It Say That This Demented Administration Was Surprised by Bad Inflation Numbers?

When trying to determine if they are Idiots or Liars, embrace the power of AND.