"The nine most terrifying words in the English language are 'I'm from the government and I'm here to help.'" - Ronald Reagan
Truer words have never been said.
Truer words have never been said.
The reason we should not be concerned about inflation
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Last: 15 days ago by Helicopter Ben
This has to be on the Texags mount Rushmore of dead ass wrong posts.
9.5 months of radio silence from the idiot.cupcakesprinkles said:
This has to be on the Texags mount Rushmore of dead ass wrong posts.
could have had a kid in the interim.
Sure as hell hope nobody allocated their portfolios appropriately according to the OP
sadly Yellen did, which is why the country is FUBARTexasAggiesWin said:
Sure as hell hope nobody allocated their portfolios appropriately according to the OP
Please scroll back carefully to confirm I've claimed ownership of this thread, Staff depending.
It will never die, so long as my sausage fingers have blood flowing, and all the bacon cheeseburgers have yet to keel my carcass over, hurtling toward a pool of keyboard slobber.
It will never die, so long as my sausage fingers have blood flowing, and all the bacon cheeseburgers have yet to keel my carcass over, hurtling toward a pool of keyboard slobber.
TexasAggiesWin said:
Sure as hell hope nobody allocated their portfolios appropriately according to the OP
Their posting history has many interesting predictions
No Spin Ag said:No one should rely on, hope, or expect the government to do things that will help them live a financially good life. If one's life is altered significantly (i.e., more than the usual ups and downs that happen when a new party gets in the WH), then that person has no one to blame but themselves.Helicopter Ben said:BigRobSA said:
Always good to see economic dip****tery pointed out, laughed at and ridiculed.
While I agree with you, the time for that is long over. The destruction continues unabated. We will get one more chance in 2024 to steer into the ditch rather than off the cliff. Unfortunately, I think that is a long shot and we may not even have that much time. It's time to take matters into your own hands and prepare yourself. I have very little faith that our government will correct course. We won't be laughing much longer. All we will have is the "I told you so." And even that won't be satisfying because the morons who brought us here will still refuse to listen.
People should take personal responsibility for caring for themselves, not expecting the government to be there for them. It sucks, but if anyone's been paying attention for the past few administrations, this should be obvious.
People can do things that will help their individual situation but actions taken by the criminal federal government since November 2020 make that much, much more difficult.
The 1.7 trillion porkulus bill passed recently, I believe, will be used by our criminal federal government to decimate small business over the next year(rising prices and people being paid not to work). Conditions for small business, due to criminal federal government caused inflation make it nearly impossible to operate a small business and make a profit. There is nothing on the horizon that gives me reason to think conditions will improve in the short term. F*** the federal government and anyone who supports those evil scumbags.
Fight against the dictatorship of the federal bureaucracy!
redstone is oldag2020Redstone said:
Please scroll back carefully to confirm I've claimed ownership of this thread, Staff depending.
It will never die, so long as my sausage fingers have blood flowing, and all the bacon cheeseburgers have yet to keel my carcass over, hurtling toward a pool of keyboard slobber.
I don't expect the government to help me. I expect them to actively hurt me at this point. I don't think it's too much to ask for them to not cause inflation on purpose. For those not in the financial position to profit off of this, it's not their fault, and it prevents them from getting ahead. I do blame the government for that. Some people are not smart enough to figure that out, and unless you want an unstable society I suggest we fix some things. Life will never be "fair", but expecting some people to pull themselves up by the bootstraps is unrealistic. Some simply don't have a high enough IQ to hedge against inflation. They should not be overly punished for that. I don't think they need a handout ether. I'm simply saying hard work, and fiscal responsibility alone should be enough for them to get ahead. Right now they are going backwards with just hard work.No Spin Ag said:No one should rely on, hope, or expect the government to do things that will help them live a financially good life. If one's life is altered significantly (i.e., more than the usual ups and downs that happen when a new party gets in the WH), then that person has no one to blame but themselves.Helicopter Ben said:BigRobSA said:
Always good to see economic dip****tery pointed out, laughed at and ridiculed.
While I agree with you, the time for that is long over. The destruction continues unabated. We will get one more chance in 2024 to steer into the ditch rather than off the cliff. Unfortunately, I think that is a long shot and we may not even have that much time. It's time to take matters into your own hands and prepare yourself. I have very little faith that our government will correct course. We won't be laughing much longer. All we will have is the "I told you so." And even that won't be satisfying because the morons who brought us here will still refuse to listen.
People should take personal responsibility for caring for themselves, not expecting the government to be there for them. It sucks, but if anyone's been paying attention for the past few administrations, this should be obvious.
So it would be great if we could just get it to the point were they aren't massively rigging the system against the middleclass/lower class, holding them back while the corrupt politicians and deep state funnel our hard earned money to the already mega wealthy. Want to get rid of socialism? Then corrupt need to go to jail, and punished for abusing their IQ, and power advantage.
Just because some are smarter, doesn't mean they should abuse it. Will they end up with more money no matter what? Yes, and I'm fine with that. Should they take from others by rigging the system. No.
I agree with the mentality, and do take personal responsibility as should all. Right now many hard working, and responsible people are just scraping by. That's not ok. If it doesn't stop we will see stuff like instability, riots, and uprisings.
C@LAg said:redstone is oldag2020Redstone said:
Please scroll back carefully to confirm I've claimed ownership of this thread, Staff depending.
It will never die, so long as my sausage fingers have blood flowing, and all the bacon cheeseburgers have yet to keel my carcass over, hurtling toward a pool of keyboard slobber.
LOL, not even close.
Allow me to sum up that wall of words for you.
The rich have their hustles, the poor have their hustles, and the middle class gets screwed…..develop your own hustle.
The rich have their hustles, the poor have their hustles, and the middle class gets screwed…..develop your own hustle.
Yes with a warning to the ruling class. (and there will always be a ruling class)MuchosPollos said:
Allow me to sum up that wall of words for you.
The rich have their hustles, the poor have their hustles, and the middle class gets screwed…..develop your own hustle.
Rule responsibly or else.
You make great points, and sadly, no matter who is in charge, at some point, we all have to deal with their screw-ups because they never do things while in power that will stand the test of political time, so that no matter who is in or out of office, things for everyone stays relatively even-keeled.TxAgPreacher said:I don't expect the government to help me. I expect them to actively hurt me at this point. I don't think it's too much to ask for them to not cause inflation on purpose. For those not in the financial position to profit off of this, it's not their fault, and it prevents them from getting ahead. I do blame the government for that. Some people are not smart enough to figure that out, and unless you want an unstable society I suggest we fix some things. Life will never be "fair", but expecting some people to pull themselves up by the bootstraps is unrealistic. Some simply don't have a high enough IQ to hedge against inflation. They should not be overly punished for that. I don't think they need a handout ether. I'm simply saying hard work, and fiscal responsibility alone should be enough for them to get ahead. Right now they are going backwards with just hard work.No Spin Ag said:No one should rely on, hope, or expect the government to do things that will help them live a financially good life. If one's life is altered significantly (i.e., more than the usual ups and downs that happen when a new party gets in the WH), then that person has no one to blame but themselves.Helicopter Ben said:BigRobSA said:
Always good to see economic dip****tery pointed out, laughed at and ridiculed.
While I agree with you, the time for that is long over. The destruction continues unabated. We will get one more chance in 2024 to steer into the ditch rather than off the cliff. Unfortunately, I think that is a long shot and we may not even have that much time. It's time to take matters into your own hands and prepare yourself. I have very little faith that our government will correct course. We won't be laughing much longer. All we will have is the "I told you so." And even that won't be satisfying because the morons who brought us here will still refuse to listen.
People should take personal responsibility for caring for themselves, not expecting the government to be there for them. It sucks, but if anyone's been paying attention for the past few administrations, this should be obvious.
So it would be great if we could just get it to the point were they aren't massively rigging the system against the middleclass/lower class, holding them back while the corrupt politicians and deep state funnel our hard earned money to the already mega wealthy. Want to get rid of socialism? Then corrupt need to go to jail, and punished for abusing their IQ, and power advantage.
Just because some are smarter, doesn't mean they should abuse it. Will they end up with more money no matter what? Yes, and I'm fine with that. Should they take from others by rigging the system. No.
I agree with the mentality, and do take personal responsibility as should all. Right now many hard working, and responsible people are just scraping by. That's not ok. If it doesn't stop we will see stuff like instability, riots, and uprisings.
As for possible riots and uprisings; the powers that be always make sure to increase government hand-outs every so often, just enough to keep those who would be able to form a force large enough to be a threat (i.e. those on welfare) placated. Sure, they'll beetch and moan, but their SNAP benefits then get increased and they forget because they're covered. The rest will also beetch and moan, until they've been paying the price for so long that it's been normalized.
No Spin Ag said:No one should rely on, hope, or expect the government to do things that will help them live a financially good life. If one's life is altered significantly (i.e., more than the usual ups and downs that happen when a new party gets in the WH), then that person has no one to blame but themselves.Helicopter Ben said:BigRobSA said:
Always good to see economic dip****tery pointed out, laughed at and ridiculed.
While I agree with you, the time for that is long over. The destruction continues unabated. We will get one more chance in 2024 to steer into the ditch rather than off the cliff. Unfortunately, I think that is a long shot and we may not even have that much time. It's time to take matters into your own hands and prepare yourself. I have very little faith that our government will correct course. We won't be laughing much longer. All we will have is the "I told you so." And even that won't be satisfying because the morons who brought us here will still refuse to listen.
People should take personal responsibility for caring for themselves, not expecting the government to be there for them. It sucks, but if anyone's been paying attention for the past few administrations, this should be obvious.
You are a government drone employee who voted for this leftist regime, are you not? Maybe you and your laughable username should sit this out. Your government is actively malicious in harming people with reckless disregard for inflation and terrible energy policies. No one here is wanting the government to do anything for them outside of not actively harming us.
Nothing to see here, just liberals voting
Today
6.5% CPI (lol, anyone actually believe this) as food and other prices still soar, and after big Fed hikes.
And yet, the spin is "good news." This is what counts as that now, evidently.
6.5% CPI (lol, anyone actually believe this) as food and other prices still soar, and after big Fed hikes.
And yet, the spin is "good news." This is what counts as that now, evidently.
How could any supposed A&M graduate actually type out this garbage?
Quote:
Another reason we should not be concerned by the massive spending is that $1 in government spending = greater than $1 in gdp growth.
Gdp growth = 1/ the propensity to save
The propensity to save is currently ~ 20%
Therefore every dollar spent today grows our gdp tomorrow by $5
This $5 of gdp growth then increases tax revenue by $5.
This increase in tax revenue is used to service the debt.
They teach this Keynesian trash in Macroeconomics. It's supposed to be a model, like most things in economics, not an actual math equation.
putting people in charge because of the way they look or their sexual preference is the mark of a degenerate people.
Just realized they was another another 2 Teas/Lot Y horrible take.
CPI Home : U.S. Bureau of Labor Statistics (bls.gov)
Just parking this here so when it looks like inflation is dropping significantly, we all know why because you know he's going to spike the football.Quote:
JANUARY 2023 CPI WEIGHT UPDATE
Starting with January 2023 data, the BLS plans to update weights annually for the Consumer Price Index based on a single calendar year of data, using consumer expenditure data from 2021. This reflects a change from prior practice of updating weights biennially using two years of expenditure data.
It keeps happening again and again.
Get a bad score on a metric
Change the way the metric is calculated
New numbers come out and magically they're better
Spike the football over how awesome you are, but performance is still the same garbage as before.
Get a bad score on a metric
Change the way the metric is calculated
New numbers come out and magically they're better
Spike the football over how awesome you are, but performance is still the same garbage as before.
ProgN said:
CPI Home : U.S. Bureau of Labor Statistics (bls.gov)Just parking this here so when it looks like inflation is dropping significantly, we all know why because you know he's going to spike the football.Quote:
JANUARY 2023 CPI WEIGHT UPDATE
Starting with January 2023 data, the BLS plans to update weights annually for the Consumer Price Index based on a single calendar year of data, using consumer expenditure data from 2021. This reflects a change from prior practice of updating weights biennially using two years of expenditure data.
Good lord. This kind of **** gets you run out of the room in the real world.
Just like when he claimed the biggest economic growth ever [while using 2020 as his baseline].
Are we still transiting?Oldag2020 said:
Demand is temporarily outpacing our production(supply). Due to covid shut downs and supply chain disruptions. Ex. Lumber prices were inflated, now they are correcting themselves.
Once our supply chains are back up to full capacity, the added demand created by the stimulus will not cause long lasting inflation.
Our productive capacity is so high, in fact, I believe our biggest fear should be deflation, not inflation. Our productivity growth is not disappearing any time soon. The inputs to production are 1. Technological advancements and 2. Increase in labor force. Our computing power doubles every 18 months. Clearly this growth will not disappear.
It's no accident that we have continued to spend more and more throughout the last several decades with little to zero long term negative consequences.
In fact, the fed has struggled the last decade to maintain their inflation level goal of 2%. This even Despite massive spending in 2008 and artificially low interest rates.
Another reason we should not be concerned by the massive spending is that $1 in government spending = greater than $1 in gdp growth.
Gdp growth = 1/ the propensity to save
The propensity to save is currently ~ 20%
Therefore every dollar spent today grows our gdp tomorrow by $5
This $5 of gdp growth then increases tax revenue by $5.
This increase in tax revenue is used to service the debt.
Basically, we can spend as much as we want with little to zero negative consequences. Long term inflation is not on the way.
Be sure to allocate portfolios accordingly.
This has to be one of the absolute WORST posts on TexAgs. It only gets brought up EVERY month.
One day inflation will go down, and OldAg2020 will be back to gloat.
Op had strong fundamentals in their Econ class in 2018.
The Fed overdid its expansionary monetary policy during the pandemic, the idea being loose money would promote employment. How did that work out?
But, but....low unemployment! This is a time of historically low labor-force-participation rate. So, we have that, AND inflation remains unacceptably high (anyone believe the official calculations? If so - LOL)
Fed remains ambiguous about its strategy to get inflation back to 2 percent and keep it there. That explains, at least a bit, why there is so little sign that it is going back to 2 percent, doesn't it?
Exactly like I was saying back in fall of 2019, as this depressing time was just beginning.
But, but....low unemployment! This is a time of historically low labor-force-participation rate. So, we have that, AND inflation remains unacceptably high (anyone believe the official calculations? If so - LOL)
Fed remains ambiguous about its strategy to get inflation back to 2 percent and keep it there. That explains, at least a bit, why there is so little sign that it is going back to 2 percent, doesn't it?
Exactly like I was saying back in fall of 2019, as this depressing time was just beginning.
I'm not sure if Fed has committed to hitting 2% anytime soon?
Now I've read the goal posts being moved to 3%. "Why was 2% the magic number?"
Imo, it'll probably be 2-3 years before we get below 3%.
Now I've read the goal posts being moved to 3%. "Why was 2% the magic number?"
Imo, it'll probably be 2-3 years before we get below 3%.
Right there along with Two Teas!cupcakesprinkles said:
This has to be on the Texags mount Rushmore of dead ass wrong posts.
"And liberals, being liberals, will double down on failure." - dedgod
What happened to the moron that made this thread's OP?
You may not be a moron, but some people think you are.
akm91 said:Right there along with Two Teas!cupcakesprinkles said:
This has to be on the Texags mount Rushmore of dead ass wrong posts.
And yet, 15 other equally dumb posters blue started it.
Exactly as I've stated in these pages:
- this thread, and also its copy-paste twin on Business, belong to me
- it will never die, so long as my gravy-dripped fingers have life
- let it be a lesson in hubris-avoidance
- TEXAGS LEGEND STATUS UNLOCKED
- this thread, and also its copy-paste twin on Business, belong to me
- it will never die, so long as my gravy-dripped fingers have life
- let it be a lesson in hubris-avoidance
- TEXAGS LEGEND STATUS UNLOCKED
Philip J Fry said:akm91 said:Right there along with Two Teas!cupcakesprinkles said:
This has to be on the Texags mount Rushmore of dead ass wrong posts.
And yet, 15 other equally dumb posters blue started it.
Yeah there's always some dumbass liberals sprinkled in no matter what you do.
Oldag2020 said:
Basically, we can spend as much as we want with little to zero negative consequences. Long term inflation is not on the way.
Be sure to allocate portfolios accordingly.
Pure Gold!
evan_aggie said:
I'm not sure if Fed has committed to hitting 2% anytime soon?
Now I've read the goal posts being moved to 3%. "Why was 2% the magic number?"
Imo, it'll probably be 2-3 years before we get below 3%.
If you want to understand what the fed is doing or will do there is only one thing you need to know. Inflation is good for the government at the people's expense. That means they will continue to create it. If they don't completely destroy our currency it will be a miracle. My best guess is that they will try to create some sort of scheme to misdirect or confuse us into not noticing. This will likely come in the form of a cbdc. Meanwhile, standard of living and real wages will continue to fall.
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