Biden’s Leftist Policies Help Drive Inflation to 8.5%

[Lisa558]

All the money he’s handed out has contributed to the causes of inflation at both ends - too much money chasing too few goods (the too few foods caused by the labor and truckers shortage). Of course, he will blame it all on Putin and hope Americans are stupid enough to believe him.

US inflation jumped 8.5% in past year, highest since 1981

Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out the pay raises that many people have received

abcnews.go.com

 

[Resnic]

A lot of banks and bonds have begun to reverse the yield curve which is a bad sign of things to come.

An inverted yield curve: why investors are watching closely

ig.ft.com

In short if you invest you get a higher interest rate for 2 years vs 10 years. It shows they are trying to bring money in quickly before things go tits up.

Then you have the feds shoving trillions, which is backed by absolutely nothing at all, into the repo market because it's all jacked up. Our money used to be backed by gold, now it's backed by nothing because they print more than we have behind it and when you keep printing money it loses its value.

Cash Is Flooding Into Short-Term Markets Like Never Before. Is That a Bad Sign?

Money-market funds, banks and other investors are parking over $1 trillion in spare cash overnight in reverse and repo markets—a surge in short-term lending that is raising concerns about whether market unrest lies ahead.

www.wsj.com

The misconception of inflation makes a lot of people not realize the real problem. Most people think inflation means stuff costs more, that isn't true. What it means is our money is worth less so it takes more money to buy something. That pack of Oreos didn't go up in price because it cost more to make, it went up in price because the us dollar is worth less in value so it takes more dollars.

Make no mistake, we're going into a recession. We're seeing it already.

 

[Lisa558]

A lot of banks and bonds have begun to reverse the yield curve which is a bad sign of things to come.

An inverted yield curve: why investors are watching closely

ig.ft.com

In short if you invest you get a higher interest rate for 2 years vs 10 years. It shows they are trying to bring money in quickly before things go tits up.

Then you have the feds shoving trillions, which is backed by absolutely nothing at all, into the repo market because it's all jacked up. Our money used to be backed by gold, now it's backed by nothing because they print more than we have behind it and when you keep printing money it loses its value.

Cash Is Flooding Into Short-Term Markets Like Never Before. Is That a Bad Sign?

Money-market funds, banks and other investors are parking over $1 trillion in spare cash overnight in reverse and repo markets—a surge in short-term lending that is raising concerns about whether market unrest lies ahead.

www.wsj.com

The misconception of inflation makes a lot of people not realize the real problem. Most people think inflation means stuff costs more, that isn't true. What it means is our money is worth less so it takes more money to buy something. That pack of Oreos didn't go up in price because it cost more to make, it went up in price because the us dollar is worth less in value so it takes more dollars.

Make no mistake, we're going into a recession. We're seeing it already.

The young adults today have NO CLUE what it’s like to live through a recession. They’re about to find out, the hard way.

My fear, among others, is that Biden - eager to buy his way out of falling poll numbers - will try to push more inflation-exacerbating handouts. So we will have the Fed trying to tighten the money supply while Biden simultaneously tries to flood the economy with more money. How this idiot ever got through college, let alone law school, is anybody’s guess.

 

[JGalt]

Did I get here before all the liberals claim "Putin did that"?

 

[AntonToo]

All the money he’s handed out has contributed to the causes of inflation at both ends - too much money chasing too few goods (the too few foods caused by the labor and truckers shortage). Of course, he will blame it all on Putin and hope Americans are stupid enough to believe him.

Has money Trump given out "contributed to the causes of inflation at both ends"?

 

[AntonToo]

Did I get here before all the liberals claim "Putin did that"?

Did Putin NOT contribute to inflation?

Did you know that in this world more than one thing can be true at the same time?

 

[AntonToo]

From OP's article:

"gasoline was the main driver of inflation last month"

During March oil hit $130, which is driving a big chunk of these inflation numbers.

With April's prices coming down to $100 and dropping next inflation report will be milder. That is not to say it will be good, but that 8.5% report should be closer to 5-6% next month.

 

[Markle]

Did Putin NOT contribute to inflation?

Did you know that in this world more than one thing can be true at the same time?

As you know, if President Trump had been in office, President Putin would not have invaded Ukraine.

 

[Mr Natural]

It’s all that extra money we have in our pockets from St Trumpy’s’ tax cuts.

 

[marvin martian]

It’s all that extra money we have in our pockets from St Trumpy’s’ tax cuts.

Wait, Trump gave you a tax cut? So you're rich, right?

 

[Mr Natural]

Wait, Trump gave you a tax cut? So you're rich, right?

Define rich.

 

[marvin martian]

Define rich.

You already defined it, when you said Trump's tax cuts were only for billionaires. Just how rich are you, you greedy pig?

This is you, right?

Name a piece of REPUBLICAN legislation that does anything other than give out tax cuts for the billionaires.

 

[Mr Natural]

You already defined it, when you said Trump's tax cuts were only for billionaires. Just how rich are you, you greedy pig?

This is you, right?

Richer than you no doubt.

Loser.

 

[bodecea]

All the money he’s handed out has contributed to the causes of inflation at both ends - too much money chasing too few goods (the too few foods caused by the labor and truckers shortage). Of course, he will blame it all on Putin and hope Americans are stupid enough to believe him.

US inflation jumped 8.5% in past year, highest since 1981

Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out the pay raises that many people have received

abcnews.go.com

All over the world?

 

[BlindBoo]

All the money he’s handed out has contributed to the causes of inflation at both ends - too much money chasing too few goods (the too few foods caused by the labor and truckers shortage). Of course, he will blame it all on Putin and hope Americans are stupid enough to believe him.

US inflation jumped 8.5% in past year, highest since 1981

Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out the pay raises that many people have received

abcnews.go.com

All three stimulus packages had broad support across all spectrums of American life. 60% + even among the Neo-GOP.

But I know, it's Saul Biden.

 

[AntonToo]

As you know, if President Trump had been in office, President Putin would not have invaded Ukraine.

I have zero reason to belive that. Trump never advocated for American/NATO troops defending Ukraine, which was the only reasonable detterent for Russian invasion, short of Ukraine volantarily installing a Putin puppet regime.

The fact that you THINK you know what I know, points to some level of delirium.

 

[Markle]

I have zero reason to belive that. Trump never advocated for American/NATO troops defending Ukraine, which was the only reasonable detterent for Russian invasion, short of Ukraine volantarily installing a Putin puppet regime.

The fact that you THINK you know what I know, points to some level of delirium.

Delirium no, your ignorance and desperation, of course!

What wars started under the administration of President Trump?

 

[Markle]

All three stimulus packages had broad support across all spectrums of American life. 60% + even among the Neo-GOP.

But I know, it's Saul Biden.

Yeah, ask people if they want FREE MONEY!

 

[BlindBoo]

Delirium no, your ignorance and desperation, of course!

What wars started under the administration of President Trump?

The war against our Constitutional Republic and any American opposed to the Neo-GOP of Trump.

They want to know when they can start using the guns!

 

[BlindBoo]

Yeah, ask people if they want FREE MONEY!

Stimulus money was a bipartisan give away. No way can you reasonably blame one party or the other.