Nitro Power said:
As OP said, we can spend without consequence. It definitely will not cause long term inflation. Good grief this kid??? has a lot of life lessons in front of him (or her).
Absolutely terrible post. Wish the poster would come back and own it.
nu awlins ag said:Nitro Power said:
As OP said, we can spend without consequence. It definitely will not cause long term inflation. Good grief this kid??? has a lot of life lessons in front of him (or her).
Absolutely terrible post. Wish the poster would come back and own it.
That is a typical liberal response. Apparently he majored in English or African/Indian/Native/Asian Studies. These types are currently leading our country.
I agree with everything you say, and if I may paraphrase Blazzing Saddles:M4 Benelli said:
The same s stains who wrung their hands in poop clenched cacophony over everything that the MSM salaciously accused Trump of, are mighty quiet about their boy who is tangibly carrying them from the penthouse to the outhouse in all of one year's time. Cant put a pillow over production's face and expect a thriving citizenry.
Same smurf brains who cashed their stimmies with glee, now clench their teeth every time they swipe their CC. Transitory Serfdom.
Quote:
you use your tongue prettier than a twenty dollar *****
.
"How did the administration get [inflation] so wrong?"
— RNC Research (@RNCResearch) May 22, 2022
Top Biden Economic Advisor Brian Deese: "Look, a lot of things have changed over the course of the last year." pic.twitter.com/JZS2nKMFSg
#boomers raised some special people #theydumb #wtf pic.twitter.com/AZeXxhSq65
— Roughneck2realestate (@Roughneck2real) May 22, 2022
YouBet said:
Cross posting:
Just got off a conference call with Goldman Sachs giving clients their periodic economic and Ukraine update.
Their take on inflation is that it will moderate by year end back down to 4.3% due to normalization of supply chain constrained goods. Never mind that right before their economic update that two geopolitical experts said that the food shortage is going to get worse before it gets better and NATO may have to get involved to get food moving again in the rest of the world.
GS seems like a clown world outfit with their inflation takes. Repeatedly wrong for last 2 years. I've been pretty embarrassed for them. I hope to eat crow on this but I don't think I will.
1) She and everyone in the Biteme administration is an economic moron.Quote:
Both Powell and Yellen spent much of 2021 saying inflation was "transitory" and likely to abate once Covid pandemic-specific factors such as supply chain problems and outsized demand for goods over services returned to normal.
In a separate interview Tuesday, Yellen admitted she was wrong.
"I think I was wrong then about the path that inflation would take," she told CNN's Wolf Blitzer. "There have been unanticipated and large shocks that have boosted energy and food prices, and supply bottlenecks that have affected our economy badly that I ... at the time, didn't fully understand."
In the CNBC interview, Yellen said a spending package "could very well have reductions on the costs of prescription drugs that would make a difference to every family that has drug costs as part of its household budget."
While she said that "could make a difference very quickly," most of the administration's plans likely would take longer to filter through the economy.
She's a global leftist therefore she's an economic f'ing dumbass and a traitor. The proof is in her very statement.ProgN said:
Yellen says the administration is fighting inflation, admits she was wrong that it was 'transitory' (cnbc.com)1) She and everyone in the Biteme administration is an economic moron.Quote:
Both Powell and Yellen spent much of 2021 saying inflation was "transitory" and likely to abate once Covid pandemic-specific factors such as supply chain problems and outsized demand for goods over services returned to normal.
In a separate interview Tuesday, Yellen admitted she was wrong.
"I think I was wrong then about the path that inflation would take," she told CNN's Wolf Blitzer. "There have been unanticipated and large shocks that have boosted energy and food prices, and supply bottlenecks that have affected our economy badly that I ... at the time, didn't fully understand."
In the CNBC interview, Yellen said a spending package "could very well have reductions on the costs of prescription drugs that would make a difference to every family that has drug costs as part of its household budget."
While she said that "could make a difference very quickly," most of the administration's plans likely would take longer to filter through the economy.
2) Dems pledge to destroy domestic O&G industry is THE "unanticipated shock" that is ****ing us.
3) Only MMT dumbasses would propose more spending to lower costs would be prudent.
If you voted for this, please bang your head into a brick wall, HARD!
twenty years ago the general knowledge was that one needed at least ONE MILLION DOLLARS to retire comfortably.itsyourboypookie said:#boomers raised some special people #theydumb #wtf pic.twitter.com/AZeXxhSq65
— Roughneck2realestate (@Roughneck2real) May 22, 2022
BQ78 said:
Wow, OP's original post aged about as well as Biden's brain.
And we're all going to need KY to get through this. Can't afford it? Well, it's just going to be rougher to get through.jac4 said:BQ78 said:
Wow, OP's original post aged about as well as Biden's brain.
Originally, I thought OP was Lot Y. Now I'm thinking OP is Janet Yellen.
Quote:
In the CNBC interview, Yellen said a spending package "could very well have reductions on the costs of prescription drugs that would make a difference to every family that has drug costs as part of its household budget."
LMCane said:twenty years ago the general knowledge was that one needed at least ONE MILLION DOLLARS to retire comfortably.itsyourboypookie said:#boomers raised some special people #theydumb #wtf pic.twitter.com/AZeXxhSq65
— Roughneck2realestate (@Roughneck2real) May 22, 2022
that was 20 years ago, before Bidenflation.
anyone that thinks 300K can provide a quality of life for 20 years of retirement is insane.
The Fed claimed that the end of last quarter would be the peak. So they have LOTS of interest in making sure that is true.MuchosPollos said:
May 2022 CPI data are scheduled to be released on June 10, 2022, at 8:30 A.M. Eastern Time.
Anyone want to bet it comes in below 8.3%?
I am certain it will (not because they solved the inflation problem, simply because this admin lies about everything).
Who's willing to take the opposite?
I've already seen some headlines trickling in this week that inflation is lower.MuchosPollos said:
May 2022 CPI data are scheduled to be released on June 10, 2022, at 8:30 A.M. Eastern Time.
Anyone want to bet it comes in below 8.3%?
I am certain it will (not because they solved the inflation problem, simply because this admin lies about everything).
Who's willing to take the opposite?
when you crush the stock market over a period of two weeks, raise home lending rates which leads to falling home prices and allow gas and food prices to rise to all time highs, it tends to cause people to reduce their spending.Quote:
I've already seen some headlines trickling in this week that inflation is lower.
Quote:
Inflation rose 8.6% in May, highest since 1981
The consumer price index for May was expected to increase 8.3% from a year ago, according to Dow Jones estimates.
The consumer price index, a wide-ranging measure of goods and services prices, increased even more than the 8.3% Dow Jones estimate. Excluding volatile food and energy prices, so-called core CPI was up 6%, slightly higher than the 5.9% estimate.
On a monthly basis, headline CPI was up 1% while core rose 0.6%, compared to respective estimates of 0.7% and 0.5%.
