Biden's inflation stoked to 30-year high

psycho_dad said:
Great little farmers market in the heart of the Cuyahoga Valley National Park is Szalays. Best Sweet corn on the planet. We buy all our fresh produce there when it is in season. Fantastic prices.

Me and my family have actually been eating healthier the past couple of years. We do eat in more than we used to, but that is because we have chosen to eat healthier. My children "eat out" more than my wife and me, but they usually have it delivered.
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And here is the psychotic break from reality……
psycho_dad said:
There was this huge terribly managed Pandemic a few years back that forced us to change our habits. The Republicans in charge could see it coming from across the oceans and had plenty of time to to prepare, but instead of handling it better than everyone else and showing that we are the most technologically advanced and richest nation in the world, they botched it horribly and decided playing the victim about every little thing is the way do lead.
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LOLOLOL
psycho_dad said:
"Always look on the bright side of life". 89% meals eaten at home has got to make for good family discussions.
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….replace veneer of normalcy…

So psycho _. lol
 
BGFalcons82 said:
Janet Yellen said on the Sunday talk shows that the price of gas will spike this winter. The price of natural gas has already exploded but nobody sees it yet because.... it's Summer!! The low income folks that Gravybrain claims to be their champion, will suffer greatly as they keep their thermostats at 65 degrees. Time to dial up the Peanut Farmer and tell them to put on a sweater.
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And the Democrat Energy policy that forced NG prices into the stratosphere will significantly raise the poverty line in all cold cities, due to heating costs.. unnecessary actions which will increase the pain on all of us, and for which they will say requires an even bigger handout from the working middle class, for those that the Democrats actually impoverish.
 
cabezadecaballo said:
And the Democrat Energy policy that forced NG prices into the stratosphere will significantly raise the poverty line in all cold cities, due to heating costs.. unnecessary actions which will increase the pain on all of us, and for which they will say requires an even bigger handout from the working middle class, for those that the Democrats actually impoverish.
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NG prices are not nearly at all time highs. They are higher because for years, production superseded demand and we got to the point that we had nowhere to put the gas. See 2016 as a prime example.

www.eia.gov

Natural gas prices in 2016 were the lowest in nearly 20 years

www.eia.gov www.eia.gov
 
While the arguments over Bidens inflation ( he is president so he owns it ) are interesting, the ultimate settlement will be reached 11/2022 and 11/2024. Stay tuned
 
nutsnbolts said:
Not only is it possible. It is called deflation. It happened in the 1920s and in the 1930s.
Do you get off knowing you’re dumber than a total idiot? You worthless whoremonger.
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LOL. No . Deflation and a inflation are opposite things. That was the exact point. You walked right into that one. Nice!

big brother bb20 GIF by Big Brother After Dark
 
ProV1 said:
Not really applicable and pretty disturbing analogy but whatever.
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Not disturbing at all. The German National Socialists killed people in camps. The American National Socialists kill people with economics
 
Redandgold said:
Pre Covid. Like I said.
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There is nothing magical about Covid. Yes, it killed a few elderly and those with heart and lung issues to begin with, but the vast number of people got it, got over it, and move on.

If Covid is responsible for our economic crisis now, it's only because we have chosen to make it so. We have intentionally crippled ourselves much more than Covid has crippled us.

My take on the entire thing since 2020 and Covid, is the old saying, "don't let a crisis go to waste ". No doubt by shutting down the economy we created labor shortages, supply line shortages, and then threw enough money on the pile to drive up wages and prices across the globe. This is a great opportunity to redistribute wealth, as hyper inflation steels from those that have , and gives to those who have debt and a job.

Very ugly picture being created now, and the pain at the stock market is not really flushed out yet IMO. Up to this point companies have shown record profits. What happens now since the cash flow from printed money has been turned down or off and the inflation in people's personal lives begins to starve businesses for customers?

Give it 6 months to a year from now and these large corporations are not going to show a large profit as currently is the case. When the poop hits the fan from cash starved businesses becoming economically weak, and layoffs are back in force, then the real pain begins with high inflation relative to 2020 prices, and few jobs to pay for their needs.

Up to now we are simply kicking the proverbial can down the road with free money to all. At some point, all are going to pay for what all got for free.
 
D4fan said:
There is nothing magical about Covid. Yes, it killed a few elderly and those with heart and lung issues to begin with, but the vast number of people got it, got over it, and move on.

If Covid is responsible for our economic crisis now, it's only because we have chosen to make it so. We have intentionally crippled ourselves much more than Covid has crippled us.

My take on the entire thing since 2020 and Covid, is the old saying, "don't let a crisis go to waste ". No doubt by shutting down the economy we created labor shortages, supply line shortages, and then threw enough money on the pile to drive up wages and prices across the globe. This is a great opportunity to redistribute wealth, as hyper inflation steels from those that have , and gives to those who have debt and a job.

Very ugly picture being created now, and the pain at the stock market is not really flushed out yet IMO. Up to this point companies have shown record profits. What happens now since the cash flow from printed money has been turned down or off and the inflation in people's personal lives begins to starve businesses for customers?

Give it 6 months to a year from now and these large corporations are not going to show a large profit as currently is the case. When the poop hits the fan from cash starved businesses becoming economically weak, and layoffs are back in force, then the real pain begins with high inflation relative to 2020 prices, and few jobs to pay for their needs.

Up to now we are simply kicking the proverbial can down the road with free money to all. At some point, all are going to pay for what all got for free.
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Do you realize inflation is a global issue ? Not just a United States issue ? So do you have ideas how other countries leaders have caused this ?
 
So the biden regime was literally dancing around celebrating their Inflation Acceleration Act yesterday while the latest inflation report came out at 8.3%, and the stock market took its biggest pounding in over two years. These basterds are literally out of their God damm minds. They are destroying the country.
 
Qcity said:
So the biden regime was literally dancing around celebrating their Inflation Acceleration Act yesterday while the latest inflation report came out at 8.3%, and the stock market took its biggest pounding in over two years. These basterds are literally out of their God damm minds. They are destroying the country.
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Why should we be surprised. We have mental midgets like golf boy pos, mm etal. It doesn’t surprise me as much that a few of these idiots get in office as it does that there are enough idiots in some of those areas to get them reelected.
 
 
nutsnbolts said:
https://www.investopedia.com/ask/answers/111414/what-causes-negative-inflation-or-deflation.asp

https://www.centralcharts.com/en/gm...al-analysis/947-definition-negative-inflation

https://actuaries.blog.gov.uk/2020/11/05/negative-inflation/

https://www.moneyexpert.com/news/how-will-you-affected-negative-inflation-800583633/

You already conceded being ignorant by changing your statement that “it is impossible for inflation to go down”.
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I did not ask for the definition. I asked for text where it was used as opposed to the proper term. Seems like you found one. Congrats.

Why don’t we just agree that the proper term for declining prices is deflation and that negative inflation is super stupid term. Then, we can agree that we have had 6 months of flat to declining inflation rates. We all cool now Chief?
 
ProV1 said:
I did not ask for the definition. I asked for text where it was used as opposed to the proper term. Seems like you found one. Congrats.

Why don’t we just agree that the proper term for declining prices is deflation and that negative inflation is super stupid term. Then, we can agree that we have had 6 months of flat to declining inflation rates. We all cool now Chief?
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Cosmo Kramer Seinfeld GIF
 
ProV1 said:
I did not ask for the definition. I asked for text where it was used as opposed to the proper term. Seems like you found one. Congrats.

Why don’t we just agree that the proper term for declining prices is deflation and that negative inflation is super stupid term. Then, we can agree that we have had 6 months of flat to declining inflation rates. We all cool now Chief?
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I didn’t believe there was such a thing as negative intelligence. But this?

The chance of me ever agreeing with you on anything are way lower than the inflation rate.
 
nutsnbolts said:
I didn’t believe there was such a thing as negative intelligence. But this?

The chance of me ever agreeing with you on anything are way lower than the inflation rate.
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We can only try to Inform !!!

Former IMF chief economist says inflation is terrible, productivity growth is 'awful': 'Worse than it seems'​

www.foxbusiness.com

Former IMF chief economist says inflation is terrible, productivity growth is 'awful': 'Worse than it seems'

Former IMF chief economist Kenneth Rogoff analyzes the US economy ahead of expected Fed rate hikes as inflation continues to be problematic for markets.
www.foxbusiness.com www.foxbusiness.com

www.foxbusiness.com

Larry Kudlow: This inflation scourge has given average working folks a 3.4% wage cut over the past year

FOX Business host Larry Kudlow grilled President Biden over high consumer prices as he just passed the Inflation Reduction Act on Wednesday's "Kudlow."
www.foxbusiness.com www.foxbusiness.com
 
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