User Panel
Posted: 7/14/2022 12:47:49 PM EDT
Producer prices keep rising. Inflation isn’t slowing down anytime soon.
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And the Democrats will blame everyone possible but themselves.
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And every month the talking heads will continue to say it has peaked
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This is what matters unless I am missing something. As long as manufacturers are multiple points ahead of the CPI I don't see how inflation can stop.
Or am I reading it wrong? |
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Maybe Joe Biden still has some of his old “Summer of Recovery” speeches he gave back in the Obama Administration where he was in charge of the recession recovery?
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It's going to get worse before it gets better, and that's if it gets better.
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Quoted: And the Democrats will blame everyone possible but themselves. View Quote
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Quoted:
View Quote View All Quotes View All Quotes Quoted: Quoted: And the Democrats will blame everyone possible but themselves.
It's not that bad. Input prices are rising so quickly that there won't be food to buy in the first place - think of all the money you'll save! Besides that most Americans can stand to lose a few pounds anyway. Hooray! The crazy part about this kind of shit is that the WH/MSM will - at some point - push such bullshit out there to see if perhaps it sticks. |
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Quoted: It is partially Trump's fault. Both he and Biden increased the money supply to spend federal bucks so that weaklings today never have to experience hardship. View Quote View All Quotes View All Quotes Quoted: Quoted: What happed to it is “Trump’s fault”? It is partially Trump's fault. Both he and Biden increased the money supply to spend federal bucks so that weaklings today never have to experience hardship. While I was only luke-warm on Trump, to be fair, the stimulus bill was essentially a poison pill. If Trump signed it, we have what we have now. If he vetoed it, Congress would have overriden him, and we'd still have what we have now. Plus he would have basically guaranteed to have been voted out because nobody wants to vote for a guy who won't give them free money (aside from a few people with principles who didn't want the money). I wanted to return the money I was sent, but basically could not. I tried to tell them to not send it to me, but their website was fucked and I got the notice about free money/how to not get it AFTER the cutoff date to opt out. I KNEW this was going to be bad news, but realistically nobody wanted to stop it. |
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Quoted: I wish there wasn't a yearly cap on them. But then again if there wasn't, we'd probably get a self-feeding inflationary loop. I bonds are going to pay off my mortgage View Quote View All Quotes View All Quotes Quoted: I wish there wasn't a yearly cap on them. But then again if there wasn't, we'd probably get a self-feeding inflationary loop. I bonds are going to pay off my mortgage Trusts can buy I Bonds, $10,000 a year. Trusts--- not just for NFA any more https://thefinancebuff.com/buy-more-i-bonds-treasury-direct-trust.html Jacquie Traub says December 24, 2021 at 2:43 pm My husband sent this question to Treasury.Direct via their email address. From: J Traub Sent: Saturday, December 18, 2021 9:35 AM To: [email protected] Subject: Trust Accounts “I have two different trusts with the same TIN which is my social security number, but with different Trust names and purposes. Can I have Treasury.Direct accounts for both trusts, each with their own $10,000 purchase limitation? Thanks for your help.” This is the response I received. “From: [email protected] Sent: Wednesday, December 22, 2021 5:07 AM Subject: RE: Trust Accounts Yes, John. You should be able to. Barry Securities Agent” |
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Quoted: While I was only luke-warm on Trump, to be fair, the stimulus bill was essentially a poison pill. If Trump signed it, we have what we have now. If he vetoed it, Congress would have overriden him, and we'd still have what we have now. Plus he would have basically guaranteed to have been voted out because nobody wants to vote for a guy who won't give them free money (aside from a few people with principles who didn't want the money). I wanted to return the money I was sent, but basically could not. I tried to tell them to not send it to me, but their website was fucked and I got the notice about free money/how to not get it AFTER the cutoff date to opt out. I KNEW this was going to be bad news, but realistically nobody wanted to stop it. View Quote View All Quotes View All Quotes Quoted: Quoted: Quoted: What happed to it is “Trump’s fault”? It is partially Trump's fault. Both he and Biden increased the money supply to spend federal bucks so that weaklings today never have to experience hardship. While I was only luke-warm on Trump, to be fair, the stimulus bill was essentially a poison pill. If Trump signed it, we have what we have now. If he vetoed it, Congress would have overriden him, and we'd still have what we have now. Plus he would have basically guaranteed to have been voted out because nobody wants to vote for a guy who won't give them free money (aside from a few people with principles who didn't want the money). I wanted to return the money I was sent, but basically could not. I tried to tell them to not send it to me, but their website was fucked and I got the notice about free money/how to not get it AFTER the cutoff date to opt out. I KNEW this was going to be bad news, but realistically nobody wanted to stop it. The treasury accepts donations/gifts, nothing stops you from giving it back. |
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This higher PPI is clearly due to privilege and oppression. What is needed, clearly, is targeted relief in the form of stimulus checks.
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Quoted: While I was only luke-warm on Trump, to be fair, the stimulus bill was essentially a poison pill. If Trump signed it, we have what we have now. If he vetoed it, Congress would have overriden him, and we'd still have what we have now. Plus he would have basically guaranteed to have been voted out because nobody wants to vote for a guy who won't give them free money (aside from a few people with principles who didn't want the money). I wanted to return the money I was sent, but basically could not. I tried to tell them to not send it to me, but their website was fucked and I got the notice about free money/how to not get it AFTER the cutoff date to opt out. I KNEW this was going to be bad news, but realistically nobody wanted to stop it. View Quote I had rather you get it than Ukraine, Afghanistan, or a bunch of illegals. |
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Quoted: When, officially, does the recession start? View Quote My understanding is they changed the way a recession is defined to get rid of the objectivity and make it more subjective. It used to be two consecutive quarters of negative GDP and a negative outlook but now they are declared by the National Bureau of Economic Research in a way that looks more subjective in my opinion. I need to look it up myself for Q2 but Q1 was negative and I read Q2 was negative as well. From a practical perspective we are in a recession and I dont think a depression down the road is off the table. |
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Quoted: Quoted: Quoted: I-bonds are looking better every day. Too bad there's a limit Too bad I can't get SSN's for my pets. I read an article outlining a way to buy more I-bonds than the standard limit of $15K/yr max. It involved buying them for your children or family members that you trusted implicitly, unfortunately for me I don't trust any of mine enough to not rip me off if they got in a bind. |
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Last time it was double digit was during Jimmy Carter and Gerald Ford's terms
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Quoted: It's not that bad. Input prices are rising so quickly that there won't be food to buy in the first place - think of all the money you'll save! Besides that most Americans can stand to lose a few pounds anyway. Hooray! The crazy part about this kind of shit is that the WH/MSM will - at some point - push such bullshit out there to see if perhaps it sticks. View Quote View All Quotes View All Quotes Quoted: Quoted: Quoted: And the Democrats will blame everyone possible but themselves.
It's not that bad. Input prices are rising so quickly that there won't be food to buy in the first place - think of all the money you'll save! Besides that most Americans can stand to lose a few pounds anyway. Hooray! The crazy part about this kind of shit is that the WH/MSM will - at some point - push such bullshit out there to see if perhaps it sticks. Hunger can make you happy |
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I was all excited at the beginning of the year to get a 10% raise.
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Quoted: Last time it was double digit was during Jimmy Carter and Gerald Ford's terms View Quote I posted in another thread about that time frame. I was fresh out of college, making next to nothing but still managed to buy my first new vehicle and my first house without much trouble other than high interest rates on both. Even though gas was higher than it had been and groceries were up some it wasn't as shocking as it is now. What's going on now is much worse than the numbers indicate IMO. |
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You people blaming trump are 87% wrong. And the idiocy in the other thread on this topic is unsalvageable.
Yes trump signing that bill was one of 4 or 5 things I disagree with. However, gov spending isn’t the ONLY input to inflation. If you take into account the other things he did, like dramatically lowering the price of energy by removing regulations and giving access to drilling and opening pipelines Then you get a magic economy where real wages rose for the first time in decades AND spending went up while inflation remained quite low much to the surprise of experts. Here’s the official rate from Feds website. 2016 1.3% 2017 2.1% 2018 2.4% 2019 1.8% 2020 1.2% 2021 4.7% 2022* 8.0% (1Q only I think ) Trumps ill advised spending didn’t cause a spike in 2020. Inflation actually dropped. The inflation you’re seeing now is 99% because of Joe biden. He has done a hundred well documented things to increase the price of energy and food while spending much much more than trump. Trying to blame this on trump is desperate grasp at straws by liberals who don’t know or understand how any of this works. |
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Quoted: You people blaming trump are 87% wrong. And the idiocy in the other thread on this topic is unsalvageable. Yes trump signing that bill was one of 4 or 5 things I disagree with. However, gov spending isn't the ONLY input to inflation. If you take into account the other things he did, like dramatically lowering the price of energy by removing regulations and giving access to drilling and opening pipelines Then you get a magic economy where real wages rose for the first time in decades AND spending went up while inflation remained quite low much to the surprise of experts. Here's the official rate from Feds website. 2016 1.3% 2017 2.1% 2018 2.4% 2019 1.8% 2020 1.2% 2021 4.7% 2022* 8.0% (1Q only I think ) Trumps ill advised spending didn't cause a spike in 2020. Inflation actually dropped. The inflation you're seeing now is 99% because of Joe biden. He has done a hundred well documented things to increase the price of energy and food while spending much much more than trump. Trying to blame this on trump is desperate grasp at straws by liberals who don't know or understand how any of this works. View Quote It is not all Trump, but to act like he wasn't a huge contributor illustrates a lack of understanding of monetary policy. He called for NEGATIVE interest rates. That alone screams "I don't know what the hell im doing" I have zero problem calling Trump out on it because I oppose reckless fiscal and monetary policy, regardless of what the letter is behind the name. |
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How democrats view inflation | Inflation is our Friend ?? (Dan Aykroyd) |
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Dont worry, be happy -- its all apart of the "build back better" dem plan.
trust them, they know whats good for you. |
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Quoted: Quoted: Quoted: Quoted: And the Democrats will blame everyone possible but themselves.
It's not that bad. Input prices are rising so quickly that there won't be food to buy in the first place - think of all the money you'll save! Besides that most Americans can stand to lose a few pounds anyway. Hooray! The crazy part about this kind of shit is that the WH/MSM will - at some point - push such bullshit out there to see if perhaps it sticks. Hunger can make you happy I'm sure they'll trot that out again soon. It's been 14 years since that was published after all. |
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