7% inflation year over year.

[TheGunner]

Way to go Brandon!!

Stock market news live updates: Stocks rise as investors eye inflation data showing biggest jump since 1982

Stock futures rose Wednesday morning as investors eyed a new report on inflation, which showed another decades-high rate of price increases across the recovering economy.

finance.yahoo.com

 

[MLB007]

Blaming the current economy on a president in office for 2 years.
Way to go Dim Bulb!!

 

[TheGunner]

Blaming the current economy on a president in office for 2 years.
Way to go Dim Bulb!!

HMMMMM, I wonder what could be causing the inflation? Let’s ask the liberal media…

Wow, they think that Biden is the cause🤪. Which is right, but the “temporary” piece of their analysis seems a bit off.

A regional Fed analysis suggests Biden’s stimulus is temporarily stoking inflation. (Published 2021)

The American Rescue Plan could be pushing inflation up slightly and temporarily, a Federal Reserve Bank of San Francisco analysis said.

www.nytimes.com

 

[gr8indoorsman]

Overall economic stimulus and fed’s easy money policy for the last decade is to blame. It happened under Obama, Trump, and Biden. Trump literally sent checks to Americans with his name on them. Blaming any one president for GLOBAL inflation is idiotic.

 

[TheGunner]

Overall economic stimulus and fed’s easy money policy for the last decade is to blame. It happened under Obama, Trump, and Biden. Trump literally sent checks to Americans with his name on them. Blaming any one president for GLOBAL inflation is idiotic.

Who sent out the latest $1T after the COVID shutdown was over? And asked for that additional stimulus on top of the $1T that Trump left in the government coffers.

Oh, and who wanted another $5T more. The only thing keeping us from crazy ass inflation is Joe Manchin.

Normal inflation 2012-2020…0.7-2.3%

Biden takes over inflation sky rockets to 7%.

(ohhhh, there’s no correlation with that data)

Current US Inflation Rates: 2000-2024

The annual inflation rate for the United States was 2.9% for the 12 months ending July, compared to the previous rate increase of 3%, according to U.S. Labor Department data published on August 14, 2024. The next inflation update is scheduled for release on September 11 at 8:30 a.m. ET...

www.usinflationcalculator.com

Heck, just wait for Brandon to eliminate everyone’s college loans…I’m guessing that “stimulus” that the Democrats want will add even more kerosene to the inflation fire (more college grads buying new cars, etc).

Every Democrat spending bill drives inflation.

 

[gr8indoorsman]

Who sent out the latest $1T after the COVID shutdown was over? And asked for that additional stimulus on top of the $1T that Trump left in the government coffers.

Oh, and who wanted another $5T more. The only thing keeping us from crazy ass inflation is Joe Manchin.

Normal inflation 2012-2020…0.7-2.3%

Biden takes over inflation sky rockets to 7%.

(ohhhh, there’s no correlation with that data)

Current US Inflation Rates: 2000-2024

The annual inflation rate for the United States was 2.9% for the 12 months ending July, compared to the previous rate increase of 3%, according to U.S. Labor Department data published on August 14, 2024. The next inflation update is scheduled for release on September 11 at 8:30 a.m. ET...

www.usinflationcalculator.com

Heck, just wait for Brandon to eliminate everyone’s college loans…I’m guessing that “stimulus” that the Democrats want will add even more kerosene to the inflation fire (more college grads buying new cars, etc).

Every Democrat spending bill drives inflation.

Yeah, OK. Like I said, it’s not just what Biden did. It’s all the stimulus under the last three presidents, guy. And what Biden did didn’t make inflation happen literally everywhere else too, so maybe that ought to be instructive to you, as well.

 

[TheGunner]

Yeah, OK. Like I said, it’s not just what Biden did. It’s all the stimulus under the last three presidents, guy. And what Biden did didn’t make inflation happen literally everywhere else too, so maybe that ought to be instructive to you, as well.

Why is it 2% higher in the US than in Europe?

Comparing recent inflation developments in the United States and the euro area

The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.

www.ecb.europa.eu

Another possibility is that the U.S. fiscal response was more massive than other countries, offering economic impact payments to most American families, whether they needed it or not. This may have fueled a consumer spending boom that has not seen a parallel in Europe or elsewhere

Surging Inflation is a U.S. Phenomenon, Not a Global One

www.institutionalinvestor.com

 

[gr8indoorsman]

Why is it 2% higher in the US than in Europe?

Comparing recent inflation developments in the United States and the euro area

The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.

www.ecb.europa.eu

Because math?

 

[TheGunner]

Because math?

Because stimulus

 

[gr8indoorsman]

Because stimulus

Right, and that came from Obama, Trump and Biden. Like I said.

I know you want to put it all on Biden, and I agree additional stimulus wasn’t needed, but pretending that Biden’s stimulus was the sole cause of inflation is pure partisan bullshit. I think you know that. But you just wanna cheer for your team. Go Team! Boo other team! Stop playing stupid.

****, I’m doing this place again. Nope. I’m out. Not worth my time. Thanks for reminding me.

 

[TheGunner]

Right, and that came from Obama, Trump and Biden. Like I said.

I know you want to put it all on Biden, and I agree additional stimulus wasn’t needed, but pretending that Biden’s stimulus was the sole cause of inflation is pure partisan bullshit. I think you know that. But you just wanna cheer for your team. Go Team! Boo other team! Stop playing stupid.

****, I’m doing this place again. Nope. I’m out. Not worth my time. Thanks for reminding me.

Contrary to your beliefs, injecting $2T into an economy is what caused this spike. Sure there are others factors, but Biden’s continued stimulus is was pushed this over edge. And it’s not partisan. Read any article from Larry Summers (Obama’s chief economic advisor) who has preached for two years that the Biden proposal would spike inflation. Other Biden economists just stuck their head in the sand and played along.

Every economic journal basically says the same thing, injecting $2T into an economy with limited available resources and labor caused the spike. Failing to see the cause is just sticking your head in the sand. Until this stimulus diminishes, inflation is here to stay, and Putin is only going to make matters worse by spiking energy prices. Putin is playing Biden like a fiddle. He is weakness is reliance on foreign energy…again this was driven by a Biden policy, and the Democrats are too stupid to see their own cause and effects.

Economic scales are balanced and Biden throwing $2T into the furnace caused everything to overheat on top of the decision to choke domestic energy sources and his desire to source from places other than Canada.

The effect is like watching the speeding car continuing to crash innocent bystanders, there’s little that can be done until the car comes to a stop. Ask Jimmy Carter. Putin is just running the 70s playbook to perfection. Except he is OPEC and Biden is Carter.

Below is an article that actually challenges Summers prediction, but as you read it, it is clear he believed that Biden’s policies were directly to blame…and he is a Democrat.

I’m not sure how you could read this and say it’s “partisan”….but I’m sure you will try.

Welcome to 1979

Larry Summers Was Only Half-Right About Inflation

The economist is being treated like the prophet of the Biden economy. Not so fast.

slate.com

 

[MLB007]

HMMMMM, I wonder what could be causing the inflation? Let’s ask the liberal media…

Wow, they think that Biden is the cause🤪. Which is right, but the “temporary” piece of their analysis seems a bit off.

A regional Fed analysis suggests Biden’s stimulus is temporarily stoking inflation. (Published 2021)

The American Rescue Plan could be pushing inflation up slightly and temporarily, a Federal Reserve Bank of San Francisco analysis said.

www.nytimes.com

uh maybe covid???
Geezus......

 

[TheGunner]

ps - go f*** yourself with your "liberal media" bs.

.!..

 

[MLB007]

deleted, no worries. I won't see your moronic stuff any more.

 

[bonefish1]

Blaming the current economy on a president in office for 2 years.
Way to go Dim Bulb!!

Everything was great before Biden became POTUS. Now, everything he's touched, he's f**ked up.

 

[TopSecretBoiler]

Right, and that came from Obama, Trump and Biden. Like I said.

I know you want to put it all on Biden, and I agree additional stimulus wasn’t needed, but pretending that Biden’s stimulus was the sole cause of inflation is pure partisan bullshit. I think you know that. But you just wanna cheer for your team. Go Team! Boo other team! Stop playing stupid.

****, I’m doing this place again. Nope. I’m out. Not worth my time. Thanks for reminding me.