Federal Reserve Predicts 4%+ Inflation Annually through 2024

9,236 Views | 103 Replies | Last: 2 yr ago by SA68AG
Keegan99
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AG


In May, Janet Yellen said the inflation was temporary.

Oops.
Cassius
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which is what really... 8%?

wow!
beerad12man
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AG
Libs don't care. All in the name of safety. Just keep spending, keep testing, wasting money trying to play god and prevent a non-preventable virus, etc.
Cassius
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and it IS temporary, though the year 2024!
Artorias
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AG
But a certain resident told us inflation was 100% certain transitory
Maroon Dawn
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AG
But no mean tweets!
captkirk
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AG
Thanks CMs
Cassius
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beerad12man said:

Libs don't care. All in the name of safety. Just keep spending, keep testing, wasting money trying to play god and prevent a non-preventable virus, etc.

They'll increase welfare again. They upped food stamps by 25% with the stroke of a pen. SS is protected since its tied to inflation. This hurts the middle class, which they loathe.
aTmAg
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AG
Cassius said:

and it IS temporary, though the year 2024!
Didn't he also claim that deflation should be our concern too?
YouBet
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AG
Interesting. Goldman Sachs is predicting a return to 2% by March 2022. Let's hope they are smarter than the Fed.
aggieland09
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AG
If they are raising estimates to 4% then its probably more like 12%
DallasAg 94
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Tom Doniphon
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Welcome to Democrat run America.... enjoy the supply chain issues and more expensive everything!
AgGrad99
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AG
What's compounding the issue is immense cost increase of transportation. Fuel cost is astronomical.

In 15 months it's gone from $1.62/gallon to $3.19.

So there is an artificially created short supply of materials, which has increased cost of goods. There is an artificially created labor shortage, which has increased cost of goods. And we've artificially double the price of fuel/transportation, which is raising cost of goods.

And none of that takes into account the reckless spending and resulting printing press in Washington.

I dont want to debate tariffs, but all those people who were staunchly against trumps' tariffs have to be wondering why, at this point. The effects pale in comparison to what's happening now, and we've opened the doors back up to our #1 competition.

I'm not a conspiracy theorist, but I cannot explain what Im seeing economically. The harm has to be on purpose. There is no other explanation at this point. And half the country seems to be blissfully unaware as they scroll through tiktok
Athanasius
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AG
Alternative headline:

"Your salary is getting reduced 4% each year for the next few years."
Wyoming Aggie
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AG
AgGrad99 said:

What's compounding the issue is immense cost increase of transportation. Fuel cost is astronomical.

In 15 months it's gone from $1.62/gallon to $3.19.

So there is an artificially created short supply of materials, which has increased cost of goods. There is an artificially created labor shortage, which has increased cost of goods. And we've artificially double the price of fuel/transportation, which is raising cost of goods.

And none of that takes into account the reckless spending and resulting printing press in Washington.

I dont want to debate tariffs, but all those people who were staunchly against trumps' tariffs have to be wondering why at this point. The effects pale in comparison to what's happening now, and we've opened the doors back up to our #1 competition.

I'm not a conspiracy theorist, but I cannot explain what Im seeing economically. It has to be on purpose. There is no other explanation at this point. And half the country seems to be blissfully unaware as they scroll through tiktok

EVERYTHING is on purpose.
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Cassius
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Athanasius said:

Alternative headline:

"Your salary is getting reduced 4% each year for the next few years."

That's the thing. If folks were told they were getting a 4% pay cut each year over the next 3 years by their company, they would be extremely ticked off and looking for a different job.

Yet that is exactly what this is.

Liberalism is a mental illness.
Ag In Ok
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AG
Waiting for the econ major to jump in and retranslate this story. Certainly he knows as well as all other academics that inflation cannot last.
TheEternalPessimist
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Concerned Moderates - You allowed this.

Absolute trash.

Effectively, over a two year period, we have double digit inflation with wage increases that don't come close to matching.
AgGrad99
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AG
You're right. What I mean is that it's intentional harm, rather than bad policy.

Maybe that's been obvious, but at this point, I cant even figure out how someone would explain it away. Very different than the past in that way.
PCC_80
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AG
If they say 4% you should expect at least 8% and more likely 10%-15%. But, no mean tweets. Fing Idiots.

Sadly almost half the country supports this happening.
Ag87H2O
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AG
How to destroy an economy:

Fearmonger----->pay people not to work/run them out of the workforce----->create a labor shortage ----->create material supply/inventory shortage----->create inflation

The Democrat-Marxist schemes are working according to plan.

HarryJ33tamu
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I'm an econ major. This is very very bad. Too bad half of our population is too dumb to realize what is going on.

At least there are no more mean tweets though, and that's what really matters.
Wyoming Aggie
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AG
AgGrad99 said:

You're right. What I mean is that it's intentional harm, rather than bad policy.

Maybe that's been obvious, but at this point, I cant even figure out how someone would explain it away. Very different than the past in that way.

Well, I am a conspiracy theorist in that I believe almost everything that happens is on purpose whether it be for good or bad. There is always a motive behind everything.
waitwhat?
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How many more teas do we need to buy to counteract this?
" 'People that read with pictures think that it's simply about a mask' - Dana Loesch" - Ban Cow Gas

"Truth is treason in the empire of lies." - Dr. Ron Paul

Big Tech IS the empire of lies

TEXIT
tysker
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AG
We can handle 4% as long as we know about it in advance.
It's the "series high with 'large expected price rises' in food, rent, and medical costs" that should scare teh hell out of people.

Fed is basically putting a floor on stocks, commodities (esp the metals), and cryptos...
titan
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S

Problem is the policy making set -- political and press- - are never effected or disturbed by inflation.
AgGrad99
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AG
Gotcha.

I tend to think there are a lot of people, especially career politicians who simply have bad policy. They've never faced actual messy real-world situations, and make 'pie in the sky' policy decisions.

I also think there are politicians who are open to the highest bidder, or vote based on self preservation (reelection above country).

But it's also pretty clear, that there are those who want this country to fail, based on what we're seeing.
Wyoming Aggie
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AG
AgGrad99 said:

Gotcha.

I tend to think there are a lot of people, especially career politicians who simply have bad policy. They've never faced actual messy real-world situations, and make 'pie in the sky' policy decisions.

I also think there are politicians who are open to the highest bidder, or vote based on self preservation (reelection above country).

But it's also pretty clear, that there are those who want this country to fail, based on what we're seeing.

Agree on all those counts. And I think almost all politicians are open to the highest bidder. I think very few are actually in it for what's best for America and their constituents.
whytho987654
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All to cause the "need" for socialism, m4a, no taxes for the poor, etc
ChemEAg08
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AG
Leftists and concerned moderates voted for biden who's administration implement policies that resulted in this.

Is that also ban worthy, staff? Or worth sending me a warning email?
TAMU1990
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AG
HarryJ33tamu said:

I'm an econ major. This is very very bad. Too bad half of our population is too dumb to realize what is going on.

At least there are no more mean tweets though, and that's what really matters.
They'll figure it out when their cash doesn't go as far to buy everything the government won't.
FJB
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AG
If it's not already apparent, these guys in charge don't know jack *****
Who is John Galt?

2026
Central Committee
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AG
The administration and the Fed have done their best to hide it (lies), and an all too willing leftist media is helping them. But inflation cannot be hidden for long, as the higher prices hurts the middle class and upper lower class the most.
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