Biden inflation

[Slade3200]

The pandemic eruption inspired by Trump's ineptness in dealing with it has ended the zero percent economy.

Adjustment is coming, and no can stop it.

Your TDS makes you stupider by the day. Seek help from a qualified mental heath professional.

Maybe since you’re so smart you can explain how exactly Biden made used car prices go up so much. Can you explain how that worked?

That's pretty basic Economic theory, Slade! If you pump large amounts of money into an economy it's almost a given that inflation is going to take place. Look around you...the price of just about everything is going up.

The pandemic is responsible for the inflation. There are still major bottlenecks in the supply chain. For example, the ports are still clogged up. That means supply is still below post pandemic levels. It is amazing how you want to blame ordinary people for this becausde they got a few bucks in their pocket. The rich have made out like bandits. Yet you have no issue with them.

How incredibly ignorant.

And...? usually when you call somebody’s statement ignorant you provide the insight that they were missing. Otherwise your statement is worthless

 

[Muhammed]

The pandemic eruption inspired by Trump's ineptness in dealing with it has ended the zero percent economy.

Adjustment is coming, and no can stop it.

Your TDS makes you stupider by the day. Seek help from a qualified mental heath professional.

Maybe since you’re so smart you can explain how exactly Biden made used car prices go up so much. Can you explain how that worked?

That's pretty basic Economic theory, Slade! If you pump large amounts of money into an economy it's almost a given that inflation is going to take place. Look around you...the price of just about everything is going up.

Cash for Clunkers upset the market for used motor vehicles.

 

[Thinker101]

UBS researchers found that not only did used-car prices climb in April, but the monthly price increase could be the largest in 68 years of tracking. It looks like prices may have risen by 8.2% to 9.3%. The economy is reopening, people are ready to spend money (perhaps from new stimulus checks). Dang a $1600 stimulus check spent on a car?

Pick a fancy one.
View attachment 488209

Used-car prices just saw their biggest monthly price increase in at least 68 years, UBS estimates

The reason for this is the pandemic. A lot of used cars come from auto rental companies. Due to the pandemic, auto rental companies did not buy as many cars. That means fewer used cars are available.

BB...the price of EVERYTHING is going up! Does your theory hold sway for things like food?

Yes it does. It has been harder to find workers due to the pandemic and Trump's immigration policies.

Good to know the illegals don't want to work either...dumbass.

 

[basquebromance]

Babylon Bee: "Biden Proposes $2 Trillion Bill To Study What's Causing Inflation Rates To Rise"

 

[Jim H - VA USA]

UBS researchers found that not only did used-car prices climb in April, but the monthly price increase could be the largest in 68 years of tracking. It looks like prices may have risen by 8.2% to 9.3%. The economy is reopening, people are ready to spend money (perhaps from new stimulus checks). Dang a $1600 stimulus check spent on a car?

Pick a fancy one.
View attachment 488209

Used-car prices just saw their biggest monthly price increase in at least 68 years, UBS estimates

+ Lumber ---------------------------- ~+200%

 

[Flash]

My wife and I are retired and live on a fixed income. About 1/3rd of the income is tied to cost of living adjustments but 2/3rds aren't.

Inflation is a killer for retirees and a cruel Liberal tax.

However, it won't hurt us too much because our 401K is large enough for us to absorb cost of living increases for a couple of decades.

BUT it will affect our grandkids because we planning on leaving them the 401K principal. We are only drawing interest off it now.

This idiot Joe Dufus is screwing our grandkids. He is doing it to give money to all his filthy ass special interest groups and that is despicable.

Democrats **** up everything they touch.

 

[JWBooth]

Inflation is a direct response to currency creation. Nothing more, nothing less. As more is pumped into the system, its value decreases and prices rise accordingly.

 

[JWBooth]

Democrats **** up everything they touch.

They aren't alone in this, but it is their specialty.

 

[Flash]

Democrats **** up everything they touch.

They aren't alone in this, but it is their specialty.

The Democrat's sole goal is turn the US into a Socialist shithole.

 

[WTH_Progs?]

My wife and I are retired and live on a fixed income. About 1/3rd of the income is tied to cost of living adjustments but 2/3rds aren't.

Inflation is a killer for retirees and a cruel Liberal tax.

However, it won't hurt us too much because our 401K is large enough for us to absorb cost of living increases for a couple of decades.

BUT it will affect our grandkids because we planning on leaving them the 401K principal. We are only drawing interest off it now.

This idiot Joe Dufus is screwing our grandkids. He is doing it to give money to all his filthy ass special interest groups and that is despicable.

Democrats **** up everything they touch.

I like your post. Never mind grandkids, imagine kids trying to buy homes today. They only have LOW interest rates to fall back on, which in itself is alarming for the housing market, especially since low rates have lasted so long, because if there's another crash there's nothing to fall back on. I don't know why we'd expect another crash, after all the market value on my place jumped from 535 to approaching 700K in four months..................cough!. The escape from the left's flagship State California is one cause for sure. Yep, Democrats **** up everything they touch.

Times have really changed a lot, the monetary system no longer makes any sense, macro anyway, and society seems to have some real character issues supported by Demonicrats.

 

[Thinker101]

My wife and I are retired and live on a fixed income. About 1/3rd of the income is tied to cost of living adjustments but 2/3rds aren't.

Inflation is a killer for retirees and a cruel Liberal tax.

However, it won't hurt us too much because our 401K is large enough for us to absorb cost of living increases for a couple of decades.

BUT it will affect our grandkids because we planning on leaving them the 401K principal. We are only drawing interest off it now.

This idiot Joe Dufus is screwing our grandkids. He is doing it to give money to all his filthy ass special interest groups and that is despicable.

Democrats **** up everything they touch.

I like your post. Never mind grandkids, imagine kids trying to buy homes today. They only have LOW interest rates to fall back on, which in itself is alarming for the housing market, especially since low rates have lasted so long, because if there's another crash there's nothing to fall back on. I don't know why we'd expect another crash, after all the market value on my place jumped from 535 to approaching 700K in four months..................cough!. The escape from the left's flagship State California is one cause for sure. Yep, Democrats **** up everything they touch.

Times have really changed a lot, the monetary system no longer makes any sense, macro anyway, and society seems to have some real character issues supported by Demonicrats.

And with Biden's "new and improved" inheritance tax proposal he'll make sure your kids and grandkids suffer too.

 

[Slade3200]

My wife and I are retired and live on a fixed income. About 1/3rd of the income is tied to cost of living adjustments but 2/3rds aren't.

Inflation is a killer for retirees and a cruel Liberal tax.

However, it won't hurt us too much because our 401K is large enough for us to absorb cost of living increases for a couple of decades.

BUT it will affect our grandkids because we planning on leaving them the 401K principal. We are only drawing interest off it now.

This idiot Joe Dufus is screwing our grandkids. He is doing it to give money to all his filthy ass special interest groups and that is despicable.

Democrats **** up everything they touch.

I like your post. Never mind grandkids, imagine kids trying to buy homes today. They only have LOW interest rates to fall back on, which in itself is alarming for the housing market, especially since low rates have lasted so long, because if there's another crash there's nothing to fall back on. I don't know why we'd expect another crash, after all the market value on my place jumped from 535 to approaching 700K in four months..................cough!. The escape from the left's flagship State California is one cause for sure. Yep, Democrats **** up everything they touch.

Times have really changed a lot, the monetary system no longer makes any sense, macro anyway, and society seems to have some real character issues supported by Demonicrats.

You in Texas? My house in Austin saw a similar jump. My eyes almost popped out of my head when I saw what my neighbors house sold for last week

 

[Flash]

My wife and I are retired and live on a fixed income. About 1/3rd of the income is tied to cost of living adjustments but 2/3rds aren't.

Inflation is a killer for retirees and a cruel Liberal tax.

However, it won't hurt us too much because our 401K is large enough for us to absorb cost of living increases for a couple of decades.

BUT it will affect our grandkids because we planning on leaving them the 401K principal. We are only drawing interest off it now.

This idiot Joe Dufus is screwing our grandkids. He is doing it to give money to all his filthy ass special interest groups and that is despicable.

Democrats **** up everything they touch.

I like your post. Never mind grandkids, imagine kids trying to buy homes today. They only have LOW interest rates to fall back on, which in itself is alarming for the housing market, especially since low rates have lasted so long, because if there's another crash there's nothing to fall back on. I don't know why we'd expect another crash, after all the market value on my place jumped from 535 to approaching 700K in four months..................cough!. The escape from the left's flagship State California is one cause for sure. Yep, Democrats **** up everything they touch.

Times have really changed a lot, the monetary system no longer makes any sense, macro anyway, and society seems to have some real character issues supported by Demonicrats.

And with Biden's "new and improved" inheritance tax proposal he'll make sure your kids and grandkids suffer too.

That despicable shithead Joe Dufus thinks it is more important for his Illegal assholes and ghetto welfare queens to get the money that you earned rather than for your children and grandchildren.

Socialists are reall fucked up in the mind.

 

[BluesLegend]

Biden gas is near $4 a gallon on the west coast holy crap.