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Post by whitebacon on May 15, 2024 16:54:19 GMT -5
I wonder why every developed nation (and most of the undeveloped ones) also had high inflation in the post-covid years? Biden must have more power than we could ever imagine! How do you say "FJB" in Turkish? My $.02. Seems like a lot of powerful nations, including ours, SPENT a lot of money, to come out of the "covid" recession. Unlike most nations, the US can throw trillions at a perceived "problem". Our printing presses work a lot better than most. Thankfully, we will all be dead when it comes time to repay 50-60 trillion, or the interest exceeds the DoD budget. Drop 3-4 trillion extra into an economy, get inflation. They taught me that in Econ 101. Couple that with a supply chain that saw dollar signs on the wall, big inflation. I doubt Joe knew what time it was, so I don't blame him. He did sign the spending bills, but for all he knew he was signing an appropriation for the sick in Bangladesh. |
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Post by cadman on May 15, 2024 17:08:49 GMT -5
I saw on the news that Germany's and France's inflation rate was down to 2.2%. I doubt they want our economy right now. That's pretty new I think. Ours was 2.7 and aren't they coming out with new numbers soon.
The U.S. number for March was 3.5% and the April number which just came out is 3.4% Not sure where you got the 2.7%. It hasn't been that low since 2021. |
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Post by biminitwisted on May 15, 2024 18:28:52 GMT -5
Fox: The Dow, S&P, and Nasdaq just hit all-time record highs today. That's something you don't often see
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Post by whitebacon on May 15, 2024 18:42:31 GMT -5
Fox: The Dow, S&P, and Nasdaq just hit all-time record highs today. That's something you don't often see Rarely, indeed. Now, the term exuberance, of the public? To you, and everyone else here, stay calm, and don't pay attention. You didn't even cry about my Sahara dust crap. Crossed you off my Christmas list. |
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Post by bswiv on May 15, 2024 19:43:47 GMT -5
As far back as the Mongol Empire, when some would claim the first true "printed" currency was produced, the norm is that when there is more "printed" then the value of what is out there goes down.
Really not a hard concept. Basically....the more of something there is the less value it commands.....generally.
Give everyone a million dollars, dollars the government just printed, and the price of just about everything will go up. Not hard to figure out why.
And.....in not too long......most will be back to the same relative position on the economic ladder which they held before the gifted dollars......and a few......they'll have a BIG pile.
And here is the ugly part. As those who squandered hit bottom and have to quit spending then the price of things will start to drop, which will render those who saved wildly wealthy.....which to a extent explains "income inequality"......
It ain't easy.......
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Post by biminitwisted on May 15, 2024 20:03:13 GMT -5
I’m just glad the stock indexes are at highs.
Good for America
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Post by luapnor on May 15, 2024 20:56:01 GMT -5
I wonder why every developed nation (and most of the undeveloped ones) also had high inflation in the post-covid years? Biden must have more power than we could ever imagine! How do you say "FJB" in Turkish? Wow. |
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Post by cyclist on May 16, 2024 9:07:23 GMT -5
I wonder why every developed nation (and most of the undeveloped ones) also had high inflation in the post-covid years? Biden must have more power than we could ever imagine! How do you say "FJB" in Turkish? Wow. Kinda makes yalls Biden caused inflation arguments look stupid doesn't it. |
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Post by meateater on May 16, 2024 12:26:41 GMT -5
the middle class is dying and nothing any of you homos say will change my mind. when it takes 2 people working full time good paying jobs to have a average house and put food on the table and still 1 weeks missed paycheck away from being in debt. everythings fine everythings good , how much credit card debt does the average american have. you guys are nutz.
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Post by luapnor on May 16, 2024 14:36:34 GMT -5
Kinda makes yalls Biden caused inflation arguments look stupid doesn't it. No.. it makes the idea that its not caused by printed money look really stupid... |
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