*InflatioN*

[Tom Paine 1949]

Moron, nobody in that article is projecting a recession like 1929.

Do you even know how to read English? They are talking about just the real estate price correction.

You are absolutely correct about these Trumpsters’ willful ignorance and idiotic hyper-partisan understanding of economics. Look at the article. It is six months old and published not by even a slightly reliable source on economics, but by “Redstate.”

 

[chesswarsnow]

Sorry bout that,

1. Everything is costing more.
2. If I were to name something, price is up.
3. That dude is out of the bag, everything crazy expensive.
4. Our economy is like an old dude now, no one can afford him.
5. Rents through the roof, people are on the streets more than ever, look at LA.
6. Even to find a graves has gone up in price, its nuts!!!
7. Every time I go to the store I pay more and get less.
8. Most my money goes for food.
9. And all those things needed to afford my lifestyle costs more.
10. There is nowhere to run from InflatioN.
11. The children will see how nuts you've collectively made it for them.

Regards,
SirJamesofTexas

 

[struth]

I’m just stating FACTS Dude
Fact is trump lost 3 million jobs in 4 years.

You care to dispute that FACT?

No he didn’t…they were laid off due to a pandemic then retuned from the jobs he created

 

[AntonToo]

Dullards give Trump grief for the economy falling off in 2019

It fell off in 2020, not 2019 dullard and OBVIOUSLY Trump wasn't the root cause of it...but it is funny to hear Trumptards talk about the amazing Trump economy and dirt cheap recession gas.

 

[Winco]

No he didn’t…they were laid off due to a pandemic then retuned from the jobs he created

Spin it more.....fact is under the trump administration, in 4 years, it was a net LOSS of 3 million jobs.

You blame the pandemic are tump losing jobs?
You also blame the pandemic on WW inflation.

Fact is, trump was a FAILED leader during the pandemic.
tump was more concerned with personal perception than working with everyone to lessen the affects of COVID.
Trump is a FAILED and TERRIBLE leader. <<<<<FACT

 

[chesswarsnow]

Sorry bout that,

1. Its an oil based economy.
2. What did Biden do the very first day after he stole office?
3. Pipe Line Closure.
4. There it is I've said it, your just too much of a left numb skull to let it sink in.

Regards,
SirJamesofTexas

 

[Tom Paine 1949]

Sorry bout that,

1. Everything is costing more.
2. If I were to name something, price is up.
3. That dude is out of the bag, everything crazy expensive.
4. Our economy is like an old dude now, no one can afford him.
5. Rents through the roof, people are on the streets more than ever, look at LA.
6. Even to find a graves has gone up in price, its nuts!!!
7. Every time I go to the store I pay more and get less.
8. Most my money goes for food.
9. And all those things needed to afford my lifestyle costs more.
10. There is nowhere to run from InflatioN.
11. The children will see how nuts you've collectively made it for them.

Regards,
SirJamesofTexas

Most of what you say here is of course true!

We and almost the entire world went through a big bout of inflation during the re-opening after Covid (which earlier drove commerce and oil prices down), from the Russian invasion of Ukraine, and from oil price increases (which profited U.S. oil and liquified gas industries immensely) and logistics shocks too.

Also the increasing decoupling and tit-for-tat sanctioning and “reshoring” of key industries from China has raised prices and led to shortages. Finally, funds that went to businesses and individuals during the Covid contractions inevitably took time to work themselves out of the system. Many but not all of these problems are now resolved or resolving themselves.

The Fed and other world banks had since 2008 adopted practically a zero interest “easy money” policy — without causing inflation! — that poured many trillions of dollars and credit into the world economy. That should have led to inflation according to traditional economic theory. But it did not, probably mostly because of cheaper commodities produced in cheaper labor countries abroad and because productivity gains also held prices down, while much wealth was simply absorbed into financial assets held by the wealthy.

Central banks had been so accustomed for so long to issuing “free money” to their favorite clients without it effecting the very low inflation in Europe and the U.S. that they were slow to react and raise interest rates when inevitable inflation started up after Covid.

Now the Fed — in my opinion correctly — has adopted an aggressive policy of raising rates. Inflation is going down gradually, but the relation between rates and inflation in the U.S. is not so strong as it used to be, and inflation may not go down to the historically very low 2% target level … for years.

Over the whole Industrial Revolution annual inflation in the U.S. averaged 4-5%, and in the ‘70s we had some terrible years of high double digit inflation after the end of the Vietnam War and the Middle East oil embargo. In those years, moreover, there were many more workers in unions with cost-of-living escalators in their contracts. Once general inflation goes up, prices almost never go back down to their earlier level unless there is Great Depression — which in the U.S. brought the only period of general price deflation in U.S. history.

The predicted “hard landing” and recession after the Fed’s dramatic interest raising has not and may not come after all, or it may prove very mild. The U.S. economy has proven surprisingly resilient and of course is doing much better than the economy in Europe, where oil and gas is of course very expensive and the effects of the Ukraine War and logistic challenges too are more serious.

One good thing is that rising interest rates also means that working- and middle-class “savers” no longer are forced to speculate in the casino-capitalist stock market to keep ahead of inflation — which is as it should be.

Most of these fundamental changes have little to do with this or any future administration.

None of our present parties are really interested in fundamentally changing our capitalist system, or even its tax or incentive structures. Given that reality, at least the Biden Administration has been wise enough to let the Fed do its thing, limiting itself to incentivizing private industry to develop infrastructure and critical security technologies of the future. It has not tried to pressure the Fed to stop raising interest rates, or to go lower still to “Zero Interest Rate Policy” (ZIRP) — as Trump famously did before Covid.

 

[struth]

Spin it more.....fact is under the trump administration, in 4 years, it was a net LOSS of 3 million jobs.

You blame the pandemic are tump losing jobs?
You also blame the pandemic on WW inflation.

Fact is, trump was a FAILED leader during the pandemic.
tump was more concerned with personal perception than working with everyone to lessen the affects of COVID.
Trump is a FAILED and TERRIBLE leader. <<<<<FACT

When did i blame the pandemic for WW inflation? What is WW inflation?

i am not spinning anything. You’re the one doing that.

 

[Winco]

When did i blame the pandemic for WW inflation? What is WW inflation?

i am not spinning anything. You’re the one doing that.

You're saying you don't understand WW? I'm sorry, maybe retake a HS Class.

The inflation was not just in the US, under bidens control, the inflation was WW.
Grab a clue, dude.

 

[Faun]

Bigger lies. This is a totally left-cultist "government". To all of them, lying is more important than breathing.

 

[Faun]

Sorry bout that,

1. Its an oil based economy.
2. What did Biden do the very first day after he stole office?
3. Pipe Line Closure.
4. There it is I've said it, your just too much of a left numb skull to let it sink in.

Regards,
SirJamesofTexas

Biden didn't close any pipeline on his first day that wasn't already closed. Courts shutdown construction of the Keystone XL pipeline in 2020. All Biden did was to revoke their permits to make sure it didn't somehow come back to life.

 

[chesswarsnow]

Biden didn't close any pipeline on his first day that wasn't already closed. Courts shutdown construction of the Keystone XL pipeline in 2020. All Biden did was to revoke their permits to make sure it didn't somehow come back to life.

Sorry bout that,

1. Absurd.
2. Your part of the leftist morons amiright?
3. Research, moron, maybe get a clue.
4. And of course, Fuck You.

Regards,
SirJamesofTexas

 

[Faun]

Sorry bout that,

1. Absurd.
2. Your part of the leftist morons amiright?
3. Research, moron, maybe get a clue.
4. And of course, Fuck You.

Regards,
SirJamesofTexas

You left out #5... chesswarsnow is a flamin' rightard who doesn't know jack shit...

April 15, 2020, the District Court held that the NWP 12 issued to TC Energy's Keystone XL oil pipeline violated the Endangered Species Act (ESA) (16 U.S.C. §§ 1531-1544) and vacated the permit pending completion of a consultation process (see Legal Update, District Court of Montana Vacates Army Corps Nationwide Permit 12 for Keystone XL Pipeline).

May 11, 2020, the District Court amended its ruling and allowed the Corps to use the NWP 12 to facilitate the environmental review and permitting of non-oil and gas pipeline projects. The Corps remained enjoined from authorizing dredge or fill activities under NWP 12 for the construction of oil and gas pipelines, including the Keystone XL pipeline and several natural gas pipeline projects (see Legal Update, District Court of Montana Amends Order Vacating the Army Corps Nationwide Permit 12 for the Keystone XL Pipeline But New Oil and Gas Pipeline Projects Still Potentially Delayed).

May 14, 2020, the US Court of Appeals for the Ninth Circuit (Ninth Circuit) issued an order denying a request from the Trump Administration to stay the District Court decision (see Legal Update, Ninth Circuit Denies Stay of Ruling Vacating the Nationwide Permit 12 for the Keystone XL Pipeline Project).

May 28, 2020, the Appeals Court issued an order rejecting another request to stay the District Court decision.

July 6, 2020, Supreme Court Upholds Ruling Blocking Permit for Keystone XL but Allows Nationwide Permit 12 to be Used for Other Oil & Gas Projects

Practical Implications

The decision was welcome news to oil and gas project developers that rely on the NWP 12 permit to facilitate the environmental review of their projects. It is a blow to the Keystone XL pipeline project which needs the permit to continue building the pipeline.​

 

[AntonToo]

1. Everything is costing more.
2. If I were to name something, price is up.

Ignoramus, things costing more by about 2% a year is considered a healthy state of economy..

Things are always costing more, under every President bub (except Costco's hotdog and soda)

 

[DBA]

I’m just stating FACTS Dude
Fact is trump lost 3 million jobs in 4 years.

You care to dispute that FACT?

Again, COVID related. What countries failed much better than the US during COVID?

How is labor participation under Biden? Do you think that plays in the unemployment rate? Why so many companies hurting for employees? Do you think a trained monkey could have presided over a gain in employment and the overall economy coming out of COVID and lockdowns? What specific policies can you attribute to the Biden administration that are helping the economy and unemployment?

 

[Harpy Eagle]

Again, COVID related. What countries failed much better than the US during COVID?

Do you mean what countries fared much better than the US during COVID?

If so I would suggest you look at how South Korea did.

How is labor participation under Biden?

For the key working age of 25-54 age range it is at it highest since 2007.

Overall, the LFPR has gone up 1.3 percentage points since Jan of 2021. More people being retired and staying home to raise their children is keeping it lower.

 

[DBA]

Do you mean what countries fared much better than the US during COVID?

If so I would suggest you look at how South Korea did

I would argue that many of the reasons the US had so many problems during COVID was due to the lack of unity and sheer partisanship in hatred for Trump by the Democrats. Remember Cuomo moving patients in NYC to nursing homes instead of the medical ships that Trump provided? Remember the pushback Trump received for suggesting that we should lock down travel? That is one of the first things South Korea did. Democrats were walking in fine line between them resolving COVID and not making Trump look good in an election year.

For the key working age of 25-54 age range it is at it highest since 2007.

Overall, the LFPR has gone up 1.3 percentage points since Jan of 2021. More people being retired and staying home to raise their children is keeping it lower.

Again I ask, why are so many lower paying jobs are having hard time finding employees? They didn't have this problem pre-pandemic. I find it hard to believe that those who would take these jobs are retired or staying home to take care of their family. That is not the demographic.

 

[Harpy Eagle]

I would argue that many of the reasons the US had so many problems during COVID was due to the lack of unity and sheer partisanship in hatred for Trump by the Democrats. Remember Cuomo moving patients in NYC to nursing homes instead of the medical ships that Trump provided? Remember the pushback Trump received for suggesting that we should lock down travel? That is one of the first things South Korea did. Democrats were walking in fine line between them resolving COVID and not making Trump look good in an election year.

I am pretty shocked you put all the blame in the Dems and zero on Trump.

The US and SK had their first cases within a day or so of each other in Jan. Within days the leader of SK had called together all the heads of the respective industries and told them what was coming and what would be needed. Thus they were ready with testing kits, patient tracking, enough PPE gear for all their front line people. Trump did this in late March.

Trump was walking a fine line between resolving COVID and doing anything to upset the economy which would hurt his chances of winning. They knew how bad it was going to be in Jan. Senators from both parties after being briefed it made stock sales and purchases anticipating shutdowns and remote working. The same week Trump was telling us it would be gone in 3 days the local VA was undertaking a 6 week construction project to turn a 12 unit into a negative pressure area just to treat COVID patients.

There is lots of blame to go around by both parties, but had the Fed Govt just been honest with us from the start it would have gone a long way.

Again I ask, why are so many lower paying jobs are having hard time finding employees? They didn't have this problem pre-pandemic. I find it hard to believe that those who would take these jobs are retired or staying home to take care of their family. That is not the demographic.

Because there are higher paying jobs available and not enough people to fill them. There are 4 million more people working now than there was at the start of COVID

 

[Faun]

Again, COVID related. What countries failed much better than the US during COVID?

How is labor participation under Biden? Do you think that plays in the unemployment rate? Why so many companies hurting for employees? Do you think a trained monkey could have presided over a gain in employment and the overall economy coming out of COVID and lockdowns? What specific policies can you attribute to the Biden administration that are helping the economy and unemployment?

Under Biden, it's up 2.1% from 61.3% to 62.6%.

Bureau of Labor Statistics Data

data.bls.gov

 

[chesswarsnow]

Sorry bout that,

1. So its all rosie if your a liberal under this economy, its just ducky.
2. Never a discouraging word is heard, all 6's and 7's.
3. Buy a new car, and house, who cares the interest, its for the good of the Nation.
4. Yeah, as your getting poorer, each and every day, I'm sitting here thinking what a moon bat you are.
5. Just play the game as best as you can, your all going to die soon.
6. Get that expensive house on the hill.
7. Fancy ass car, pull it into the garage.
8. You deserve it, just start paying through the nose, and shuffle along.
9. Brain Dead.
10. Could use smarter people.

Regards,
SirJamesofTexas