U.S. Annual Inflation rose to 6.8% in November - the highest in 40 years

[Anonymous]

Woowee look at these stats from the Bureau of Labor Statistics. Imagine had Biden actually done something about that supply chain crisis and inflation rising since this summer, we wouldn't be here.

These red-hot price increases up the pipeline in the four stages of Intermediate Demand are increasingly getting passed on to the next industry in line, and the price increases from prior months are now arriving at the Final Demand industries.

Surging US producer prices add to pressure on Fed to accelerate taper
https://www.ft.com/content/99c75c70-20e9-49d7-b8f0-c1149e18e23b

[Anonymous]

Inflation is at a 10-year high in the UK due to the same issues plaguing the US. Euro-zone inflation is also high.

[Anonymous]

It’s double 6.8%. The downplay of inflation is baked into the obviously biased formula they changed in the 90s to deliberately reduce and falsify an honest inflation number. The real rate is closer to 15 percent and this is just the beginning.

The Dems are caught in a wood chipper. Trump looking like gold laughing on the sidelines saying “told ya !”

[Anonymous]

Anonymous wrote:Inflation is at a 10-year high in the UK due to the same issues plaguing the US. Euro-zone inflation is also high.

UK and Euro-zone inflation is half that of the United States. US is a 40!!-year high and might be crossing further into unknown territory in December if prices are anything to go by.

[Anonymous]

Biden should have never, ever jammed through the last round of stimulus in order to buy the GA elections. For what? 2 years of barely having control during which the Dems have gotten almost nothing done? It will cost them interest rate hikes that are going to cause the economy to go into a recession during 2022-2024 during mid-terms and the next Presidential elections. What a colossal mistake by the Democrats handing out more money because they listened to idiots like AOC and her gang who were screaming at the top of their lungs for govt injected money. Complete misfire that's gong to bring a world of hurt to the Democrats.

[Anonymous]

Anonymous wrote:Biden should have never, ever jammed through the last round of stimulus in order to buy the GA elections. For what? 2 years of barely having control during which the Dems have gotten almost nothing done? It will cost them interest rate hikes that are going to cause the economy to go into a recession during 2022-2024 during mid-terms and the next Presidential elections. What a colossal mistake by the Democrats handing out more money because they listened to idiots like AOC and her gang who were screaming at the top of their lungs for govt injected money. Complete misfire that's gong to bring a world of hurt to the Democrats.

+1

All of it with no means testing. I don't know WHY the progressives are so against limits - all 330 million Americans didn't need $1,200 checks and every parent in existence also didn't need $300/month per kid - to the point they were insisting (and still are) undocumented immigrants get the child tax credits and stimulus payments as well. Well that blew up in their faces. Biden should have known better.

[Anonymous]

Anonymous wrote:Biden should have never, ever jammed through the last round of stimulus in order to buy the GA elections. For what? 2 years of barely having control during which the Dems have gotten almost nothing done? It will cost them interest rate hikes that are going to cause the economy to go into a recession during 2022-2024 during mid-terms and the next Presidential elections. What a colossal mistake by the Democrats handing out more money because they listened to idiots like AOC and her gang who were screaming at the top of their lungs for govt injected money. Complete misfire that's gong to bring a world of hurt to the Democrats.

They absolutely will not raise rates more than from zero to 1 percent. They will surrender to inflation and hope the dollar doesn’t collapse into hyper inflation. Raising rates at this point will collapse the economy and bankrupt the government. It’s easier to just let inflation ravage the country and point fingers in all directions for the blame.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Biden should have never, ever jammed through the last round of stimulus in order to buy the GA elections. For what? 2 years of barely having control during which the Dems have gotten almost nothing done? It will cost them interest rate hikes that are going to cause the economy to go into a recession during 2022-2024 during mid-terms and the next Presidential elections. What a colossal mistake by the Democrats handing out more money because they listened to idiots like AOC and her gang who were screaming at the top of their lungs for govt injected money. Complete misfire that's gong to bring a world of hurt to the Democrats.

They absolutely will not raise rates more than from zero to 1 percent. They will surrender to inflation and hope the dollar doesn’t collapse into hyper inflation. Raising rates at this point will collapse the economy and bankrupt the government. It’s easier to just let inflation ravage the country and point fingers in all directions for the blame.

DP As long as they cancel out the CTC - I don't care.

I truly believe after the CTC expires this month (today was the last payment), the student loan payments are turned back on (meaning free-flowing cash sitting in people's accounts is now going to payments), no more stimulus checks in 2022, and we return to normalcy - the inflation will die off.

Strangely simple right? Occupy people's cash and stop sending out FREE unearned income to others.

[Anonymous]

We are at the end of the goodwill we earned from ww2.

We squandered our strength to socialism. Now we are a weak economy that doesn’t manufacture. We are predominantly a country of people that email information back and forth and expect more consumption than we are worth. Most high end earners are non essential. Truck drivers, Plumbers and electricians are inherently more valuable. The money printing fantasy has hit the wall.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Biden should have never, ever jammed through the last round of stimulus in order to buy the GA elections. For what? 2 years of barely having control during which the Dems have gotten almost nothing done? It will cost them interest rate hikes that are going to cause the economy to go into a recession during 2022-2024 during mid-terms and the next Presidential elections. What a colossal mistake by the Democrats handing out more money because they listened to idiots like AOC and her gang who were screaming at the top of their lungs for govt injected money. Complete misfire that's gong to bring a world of hurt to the Democrats.

They absolutely will not raise rates more than from zero to 1 percent. They will surrender to inflation and hope the dollar doesn’t collapse into hyper inflation. Raising rates at this point will collapse the economy and bankrupt the government. It’s easier to just let inflation ravage the country and point fingers in all directions for the blame.

Many are already expecting 3 rounds of raises in 2022. Possibly more and faster. That's what we are waiting on today. But nonetheless, they're coming.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Biden should have never, ever jammed through the last round of stimulus in order to buy the GA elections. For what? 2 years of barely having control during which the Dems have gotten almost nothing done? It will cost them interest rate hikes that are going to cause the economy to go into a recession during 2022-2024 during mid-terms and the next Presidential elections. What a colossal mistake by the Democrats handing out more money because they listened to idiots like AOC and her gang who were screaming at the top of their lungs for govt injected money. Complete misfire that's gong to bring a world of hurt to the Democrats.

They absolutely will not raise rates more than from zero to 1 percent. They will surrender to inflation and hope the dollar doesn’t collapse into hyper inflation. Raising rates at this point will collapse the economy and bankrupt the government. It’s easier to just let inflation ravage the country and point fingers in all directions for the blame.

Many are already expecting 3 rounds of raises in 2022. Possibly more and faster. That's what we are waiting on today. But nonetheless, they're coming.

Yes .25 percent. Each time not even adding up to one percent. Then they will drop them in reaction to negative economic effects. It’s all a head fake at this point. The Fed is in the roach motel. It was easy to get in but you literally can’t get out. To stop printing money and raise rates in any substantial amount will literally kick the only leg the economy is standing on right out.

The government can’t afford interest payments on its 30 trillion debt to go up at the same some the economy gets decimated.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Biden should have never, ever jammed through the last round of stimulus in order to buy the GA elections. For what? 2 years of barely having control during which the Dems have gotten almost nothing done? It will cost them interest rate hikes that are going to cause the economy to go into a recession during 2022-2024 during mid-terms and the next Presidential elections. What a colossal mistake by the Democrats handing out more money because they listened to idiots like AOC and her gang who were screaming at the top of their lungs for govt injected money. Complete misfire that's gong to bring a world of hurt to the Democrats.

+1

All of it with no means testing. I don't know WHY the progressives are so against limits - all 330 million Americans didn't need $1,200 checks and every parent in existence also didn't need $300/month per kid - to the point they were insisting (and still are) undocumented immigrants get the child tax credits and stimulus payments as well. Well that blew up in their faces. Biden should have known better.

I found out recently that in Baltimore City, the city used the COVID emergency funds received from the feds to give every school kid in the public schools a 1500 food stamp voucher, regardless of family income. I knew people with HHI over 400k who still got the food stamp voucher, including one family with three kids who netted 4500 altogether despite a high six figure income.

It was ridiculous.

[Anonymous]

That 400k is now worth 360k ^^^

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Biden should have never, ever jammed through the last round of stimulus in order to buy the GA elections. For what? 2 years of barely having control during which the Dems have gotten almost nothing done? It will cost them interest rate hikes that are going to cause the economy to go into a recession during 2022-2024 during mid-terms and the next Presidential elections. What a colossal mistake by the Democrats handing out more money because they listened to idiots like AOC and her gang who were screaming at the top of their lungs for govt injected money. Complete misfire that's gong to bring a world of hurt to the Democrats.

+1

All of it with no means testing. I don't know WHY the progressives are so against limits - all 330 million Americans didn't need $1,200 checks and every parent in existence also didn't need $300/month per kid - to the point they were insisting (and still are) undocumented immigrants get the child tax credits and stimulus payments as well. Well that blew up in their faces. Biden should have known better.

I found out recently that in Baltimore City, the city used the COVID emergency funds received from the feds to give every school kid in the public schools a 1500 food stamp voucher, regardless of family income. I knew people with HHI over 400k who still got the food stamp voucher, including one family with three kids who netted 4500 altogether despite a high six figure income.

It was ridiculous.

Wow. To be clear is the voucher - only to be used like a EBT card or was it redeemable for cash?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Biden should have never, ever jammed through the last round of stimulus in order to buy the GA elections. For what? 2 years of barely having control during which the Dems have gotten almost nothing done? It will cost them interest rate hikes that are going to cause the economy to go into a recession during 2022-2024 during mid-terms and the next Presidential elections. What a colossal mistake by the Democrats handing out more money because they listened to idiots like AOC and her gang who were screaming at the top of their lungs for govt injected money. Complete misfire that's gong to bring a world of hurt to the Democrats.

+1

All of it with no means testing. I don't know WHY the progressives are so against limits - all 330 million Americans didn't need $1,200 checks and every parent in existence also didn't need $300/month per kid - to the point they were insisting (and still are) undocumented immigrants get the child tax credits and stimulus payments as well. Well that blew up in their faces. Biden should have known better.

+1 except to the fact that there was at least some means testing--no stimmy checks for us, no CTC, no handouts, just higher prices, and soon higher taxes (despite earning under 400K). Shocker, giving out lots of no strings attached money to most people at the same time there is a supply crunch causes gross amounts of inflation. I don't regret voting for Biden because the alternative was Trump putting us on constant brink of WW3 (and I am a military spouse). But I hate this.