You are mostly correct. It will be partially driven by stimulus packages and the free money making it hard to hire. Other than that if the fed is behind the curve raising rates it could last longer. Projections now are through 2023. You won’t feel it if you don’t eat, purchase anything, and use no energy.
Well costco does not sell GPUs and Amazon does but is either out of stock due to shortage or sold by third parties for double, triple or more than MSRP.
Hey! I'm just a 73 y o who does yet understand, "woke" and subsequent verbs powered use as in "common English" pah - leeze Que es, "woke" ? What Is "woke". Thank You From an trying to comprende ! Moi Recovered Liberal If any recovered liberal can be truly - recovered
Time To Support Lesser of 2 evils like Duck's Feet One Foot is Both The Same as The Other!The monied never pay "their fair share"
It’s important to those we expect to fix it. I can’t understand how “asset challenged” democrats are in favor of Biden’s economic stupidity, knowing they are the ones going to get destroyed. (If you own a house and/or investments, and work in the right industries, you’ll get by.) IOW, your rent, food, gas, is going up and your paycheck isn’t. BOHICA to my democrat friends, democrat economics has landed on your head.
Inflation Surged to 5.4 Percent in June in Biggest Jump Since 2008. The currency in your pocket and bank accounts is devaluing under Biden,
Not really for me yet. The reasons are that with my student loans in no payment/no interest hold til October, I have almost $600 more per month to spend. Last year, I used that and stimulus to pay off debt. This year, I am putting it into savings (well except what I used as a downpayment on a car that I had no choice but to buy when mine gave up the ghost). When those student loan payments resume plus the new car payment, I may be more price aware/sensitive. After almost two years of reducing my consumption, however, it may not be as big of a hit personally come November. Not sure yet. Once my savings and the payoff on either the car or my house level, I will use the savings to wipe out one of the payments so I have more month to month cushion in my budget. I owe somewhere in the teens still each on the car and the house (the latter thanks to a sweet deal plus an inheritance), but my fixer upper is fixed up so it is all debt service for me at this point.
Inflation = Currency Erosion = Currency Erosion = Lack of Faith in Biden's America Life's hard when a blithering idiot is the president and congress is in that hands of shrieking moron. Unemployment has climbed to 5.9. https://pjmedia.com/news-and-politi...-america-under-biden-gets-even-worse-n1461371 The self-righteous, entitled, wealthy gentry class that makes up the core of the Democrat Party hates the emerging post-racial majority of working and middle class. Viewing them as "others" they could care less about the harm that comes to them with inflation. Just as they see an "acceptable" level of voting fraud, sex trafficking and fentanyl deaths from open borders, fine with police and rioters killing Trump supporters, they are also fine with an "acceptable" level of destruction of the dollar that you use to purchase goods and services.
My guess is that the entire blue state public work force got or will get raises before 2022 midterms, and every non white social justice group with a megaphone will get to reach in the bag for a fist full of hush money.
Agree with your first and last, but I think 'we will recover' is unrealistically optimistic. The small businesses that we killed arent coming back. Big business is filling that void. With less competition will come higher prices in addition to the inflation from the extra 'printing'. It will happen after a lag and it will happen slowly, but it will be relentless and self perpetuating as higher prices lead to higher demand for public 'aid' in a feedback loop of constant and accelerating inflation.
I tend to eat more chicken and less steak because I like chicken ala king so much and fried chicken....I buy it for $1.50 a pound for breast meat at a place called Ten-Box stores. I also got 73% ground beef for $1.89 a pound in a ten pound chub and sirloin steak at $3.86 a pound...
Same here in Nova Scotia..... food and gasoline prices are way, way, way up....... but..... the fact that real estate prices here in Nova Scotia are spiraling upward is a major plus considering that we have our mortgage nearly paid off..... (and our house is also listed with a real estate company)..... Nova Scotia's real estate market continues its skyward ascent Sales during the month of April hit highest number the province has ever recorded
Yes, but the whole syndrome was made FAR worse because the central banks in 'the West' (the Fed, the ECB, etc.) 'printed' all those piles of trillions of imaginary dollars, euros, etc. The central banksters indicated that all they wanted to do was 'float the boats', but instead they created a monster flood -- and now the bucking waves are creating a 'tsunami'. This will not end well, no matter who runs the "show" here in the States -- Republicans OR Democrats. To be blunt: we need to get the hell RID of all central banks... but that will never happen. Only two major-league countries in the world have control over their central banks -- Russia, and China. Think about it.... . "Why fight 'the West' when they do such a good job of RUINING THEMSELVES!"
No. People have been ranting and raving like this for as long as the Fed has existed, but they've never been right. Current inflation is a result of market upsets due to the pandemic and the recovery from it. It's not just because we have fiat currency or because of money-printing. Significantly, inflation is linked to certain price hikes rather than any broad indicators. Used car prices are up due to new car shortages, in turn due to the recent chip shortage. This will correct itself in time. Same with lumber and housing prices.
Exactly. As if Biden created the pandemic and determines demand and output during the recovery. That's just brainless thinking.
I didn't blame Biden for this mounting economic mess! Read what people say before you accuse them of "brainless thinking".... In my post above blaming central banks I said, "This will not end well, no matter who runs the "show" here in the States -- Republicans OR Democrats." That's because this is way above the usual bitch-fest of contemporary 21st-century partisan politics between Republicans and Democrats. This is about the Fed, the European Central Bank, and other central bank 'players' taking over the economies (and all the important factors in governments) in 'the West'. And, as I said, neither Russia nor China, our chief adversaries, has these problems with their central banks. Why not? Because Putin and Xi keep those scheming, manipulating, bean-counting bastards on A SHORT LEASH.... . "Those central bankers kiss OUR asses... not the other way around!"
After govt saying this inflation was only transitory they now say many more months of increasing inflation.
The central banks are why we have some inconvenient supply and price issues instead of a repeat of 1929 because of the global pandemic lockdowns, and recent money printing is not why we have supply shortages now, but those supply shortages relative to the high demand associated with reopening are a major reason why certain prices have been soaring. Pretty sure I explained this earlier. Why aren't you getting it?
OK, John Maynard Keynes. Months are transitory. "UH, but that's not a good thing!" doesn't make it anything other than transitory. Don't respond with anything until you've researched it. My time is valuable,
