As Bank Fears Spread, Oil Craters

[Foolardi]

Stagflation began during the Nixon Administration. Before Carter, not during Carter as you claimed. Ask anyone who was an adult during Ford and they will tell you about his silly WIN buttons.

And like I said, Volker ENDED stagflation, not caused it as you claimed.

As every economist knows and will tell you, when you raise interest rates to fight inflation, unemployment usually rises.

During periods of high inflation, unemployment is usually low. This is why we don't want our politicians to have their hands on the money printing presses, because they will print us into hyperinflation to keep unemployment low.

Reagan was put under tremendous pressure to get Volcker to lower interest rates as we went into a recession from his efforts. But Reagan held firm, and inflation came down. Then the economy boomed bigly.

That is precisely what we are looking at now. With the Fed raising interest rates to lower inflation, there is a very good chance it will push us temporarily into a recession.

Everyone is hoping for a "soft landing" without a recession, and so far we have been lucky.

Volcher ended up clamping down hard on the money supply
instead of feeding a " Inflation-ravaged economy ". And tinkered using
the Fed causing Interest rates to rise like no tomorrow.
Most grown adults around that time knew the dilemna
that Carter placed average Joe American.It was almost futile to
try and get a Home Mortgage as double-digit Interest rates
were infecting the economy.It wasn't until Reagan took over
that the Economy recovered.By the way Reagan with his
Tax plan ended up Doubling the Revenue to the Treasury.
From Carter's tepid $ 500 Billion to Reagans $ 1 Trillion.

 

[BluesLegend]

2+ years into the Biden/Dem regime and everything turns to shit again under Dem leadership, shocker.

 

[BluesLegend]

LMAO so $66 a barrel is oil "craters"? Call us when it hits $25 a barrel as it did under Trump.

 

[CrusaderFrank]

You are too ignorant to bother with any more.

Inflation is because of demand shock in consumer goods after the pandemic. Trump's stimulus spending, the Fed's 10+ years of ZIRP, and the $16 trillion of debt by Obama and Trump are the drivers of inflation.

Only a true idiot thinks the causes of inflation were instantaneously caused when Biden was sworn in.

Inflation is because Trump’s Covid stimulus and Biden Weimar Republic spending

 

[CrusaderFrank]

2+ years into the Biden/Dem regime and everything turns to shit again under Dem leadership, shocker.

But it’s Bad Orange Man’s fault

 

[Lesh]

Inflation is because Trump’s Covid stimulus and Biden Weimar Republic spending

The Trump and Biden stimulus spending definitely contributed to the inflation spike.

Key word contributed

Associated key word .. AND

 

[Cellblock2429]

Markets are diving globally. I wonder how Biden managed that?

/----/ Other country's currency is tied to the US Dollar.

 

[Markle]

Yes, he set a record with China. But overall, his oil exports are down. That's as plain as the nose on your face.

China and India can't make up for the EU and US losses.

It's very simple to understand.

Really?

The population of all of Western Europe is 197,809,277.l The United States about 330 million. Total, less than half a billion. TOTAL.

The population of China is 1.44 BILLION, and that of India is 1.33 BILLION.

It's very simple to understand.

In addition to churning out nuclear ballistic missile and attack submarines. They currently have about 70 plus nuclear subs and about 40 diesel-electric. They also have a secret underground submarine base.

They are also building and opening about one coal-fired power plant a month and have more nuclear plants under construction and planning than the rest of the world combined. Wind, solar, gas, hydro, and every other form of power plant are underway as well.

China learned decades ago that at the heart of a vibrant economy is cheap, plentiful energy.

While China is charging full speed ahead in pursuit of that goal, what is the far-left and President Biden doing to us? Skyrocketing prices and shortages. How is that great for our country?

I think two, maybe three nuclear power plants would solve California's drastic energy shortages for decades.

 

[Markle]

The Trump and Biden stimulus spending definitely contributed to the inflation spike.

Key word contributed

Associated key word .. AND

As you know, the stimulus spending by President Trump was absolutely necessary. The country's economy was shut down. President Biden's exorbitant spending is what fired off rampant inflation.

 

[Lesh]

As you know, the stimulus spending by President Trump was absolutely necessary. The country's economy was shut down. President Biden's exorbitant spending is what fired off rampant inflation.

A. BOTH contributed

B . BOTH were necessary

 

[CrusaderFrank]

Markets are diving globally. I wonder how Biden managed that?

Massive US inflation? Lack of confidence in PedoPete leadership skills?

 

[pknopp]

LMAO so $66 a barrel is oil "craters"? Call us when it hits $25 a barrel as it did under Trump.

Clamoring for the next pandemic again. I'll never understand this.

 

[BluesLegend]

But it’s Bad Orange Man’s fault

Pathetic isn't it.

 

[BluesLegend]

Clamoring for the next pandemic again. I'll never understand this.

Dems are, they loved the pandemic and the unconstitutional powers they seized the bunch of Dem NAZI's.

 

[Lesh]

Dems are, they loved the pandemic and the unconstitutional powers they seized the bunch of Dem NAZI's.

Dude, YOU are the one pining for the good old days of cheap pandemic gas

 

[BluesLegend]

Dude, YOU are the one pining for the good old days of cheap pandemic gas

Dude YOU are the one lying because you have nothing else to shit out of your mouth sewer.

 

[Lesh]

Dude YOU are the one lying because you have nothing else to shit out of your mouth sewer.

Me lying? You post whining about cheap pandemic gas is there for all to see

 

[pknopp]

Dems are, they loved the pandemic and the unconstitutional powers they seized the bunch of Dem NAZI's.

You are the one who is pining over the results of the shutdowns.

 

[BluesLegend]

You are the one who is pining over the results of the shutdowns.

Lib please, here eat these

 

[pknopp]

Lib please, here eat these

I'm for allowing the banks completely fail just as we should have done in 2008.

You know, actual capitalism?