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

[Anonymous]

Anonymous wrote:The GOP plan to fix the economy is apparently being put together by the same brain trust that has been working on a replacement for Obamacare for the last ten years.

No solutions, just political theater. Block any and all legislation and then complain about the results.

Sometimes less is more.

[Anonymous]

We have inflation because our economy is growing so quickly - in a pandemic no less. Americans are buying like crazy. Unemployment is low. Housing prices high. People lifted out of poverty. What do you want?

[Anonymous]

Anonymous wrote:We have inflation because our economy is growing so quickly - in a pandemic no less. Americans are buying like crazy. Unemployment is low. Housing prices high. People lifted out of poverty. What do you want?

We have inflation because the supply of money has been expanded by almost 50% in only about 2 years. People are buying because of lax fiscal and monetary policy. It's a cheap sugar rush, not the sign of a strong economy. The diabetic crash is inevitable. See how well the employment and poverty numbers look when there's severe economic contraction when the central bank has to raise interest rates to control the problem of inflation. Look at what happened to Japan when they created a gigantic asset bubble the same way we have done, and the bank of japan raised interest rates to deflate the bubble. Everything imploded.

[Anonymous]

Anonymous wrote:We have inflation because our economy is growing so quickly - in a pandemic no less. Americans are buying like crazy. Unemployment is low. Housing prices high. People lifted out of poverty. What do you want?

What they want is to complain and catastrophize for perceived political benefit. That's all there is.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We have inflation because our economy is growing so quickly - in a pandemic no less. Americans are buying like crazy. Unemployment is low. Housing prices high. People lifted out of poverty. What do you want?

We have inflation because the supply of money has been expanded by almost 50% in only about 2 years. People are buying because of lax fiscal and monetary policy. It's a cheap sugar rush, not the sign of a strong economy. The diabetic crash is inevitable. See how well the employment and poverty numbers look when there's severe economic contraction when the central bank has to raise interest rates to control the problem of inflation. Look at what happened to Japan when they created a gigantic asset bubble the same way we have done, and the bank of japan raised interest rates to deflate the bubble. Everything imploded.

Our economy is doing better than any other around the world. How long were interest rates supposed to stay so low? We have been lulled into a false sense of the world.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We have inflation because our economy is growing so quickly - in a pandemic no less. Americans are buying like crazy. Unemployment is low. Housing prices high. People lifted out of poverty. What do you want?

We have inflation because the supply of money has been expanded by almost 50% in only about 2 years. People are buying because of lax fiscal and monetary policy. It's a cheap sugar rush, not the sign of a strong economy. The diabetic crash is inevitable. See how well the employment and poverty numbers look when there's severe economic contraction when the central bank has to raise interest rates to control the problem of inflation. Look at what happened to Japan when they created a gigantic asset bubble the same way we have done, and the bank of japan raised interest rates to deflate the bubble. Everything imploded.

This. So much free money was floating around the economy. In order to get workers hourly wages have had to be risen drastically in the last two years.
Biden likes to disparage the meatpacking industry but in our very own Maryland eastern shore counties, Sussex County Delaware and Accomac County Virginia hourly rates of pay for chicken processors were $10 per hour prior to Covid. This is why your chicken was affordable. Due to the government flooding the supply of money starting rates of pay for chicken processors (in less than 2 years) are now at $17 - $20 per hour. It was inevitable that the price of your chicken rose in cost.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We have inflation because our economy is growing so quickly - in a pandemic no less. Americans are buying like crazy. Unemployment is low. Housing prices high. People lifted out of poverty. What do you want?

We have inflation because the supply of money has been expanded by almost 50% in only about 2 years. People are buying because of lax fiscal and monetary policy. It's a cheap sugar rush, not the sign of a strong economy. The diabetic crash is inevitable. See how well the employment and poverty numbers look when there's severe economic contraction when the central bank has to raise interest rates to control the problem of inflation. Look at what happened to Japan when they created a gigantic asset bubble the same way we have done, and the bank of japan raised interest rates to deflate the bubble. Everything imploded.

2/3 of that 50% in 2 years was during the Trump administration. But of course the answer to inflation is to elect Republicans, right?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We have inflation because our economy is growing so quickly - in a pandemic no less. Americans are buying like crazy. Unemployment is low. Housing prices high. People lifted out of poverty. What do you want?

We have inflation because the supply of money has been expanded by almost 50% in only about 2 years. People are buying because of lax fiscal and monetary policy. It's a cheap sugar rush, not the sign of a strong economy. The diabetic crash is inevitable. See how well the employment and poverty numbers look when there's severe economic contraction when the central bank has to raise interest rates to control the problem of inflation. Look at what happened to Japan when they created a gigantic asset bubble the same way we have done, and the bank of japan raised interest rates to deflate the bubble. Everything imploded.

This. So much free money was floating around the economy. In order to get workers hourly wages have had to be risen drastically in the last two years.
Biden likes to disparage the meatpacking industry but in our very own Maryland eastern shore counties, Sussex County Delaware and Accomac County Virginia hourly rates of pay for chicken processors were $10 per hour prior to Covid. This is why your chicken was affordable. Due to the government flooding the supply of money starting rates of pay for chicken processors (in less than 2 years) are now at $17 - $20 per hour. It was inevitable that the price of your chicken rose in cost.

Why is the cause not the shortage of workers and limitations on immigrant workers that would work for lower wages but are not coming due to covid?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We have inflation because our economy is growing so quickly - in a pandemic no less. Americans are buying like crazy. Unemployment is low. Housing prices high. People lifted out of poverty. What do you want?

We have inflation because the supply of money has been expanded by almost 50% in only about 2 years. People are buying because of lax fiscal and monetary policy. It's a cheap sugar rush, not the sign of a strong economy. The diabetic crash is inevitable. See how well the employment and poverty numbers look when there's severe economic contraction when the central bank has to raise interest rates to control the problem of inflation. Look at what happened to Japan when they created a gigantic asset bubble the same way we have done, and the bank of japan raised interest rates to deflate the bubble. Everything imploded.

2/3 of that 50% in 2 years was during the Trump administration. But of course the answer to inflation is to elect Republicans, right?

The USG doesn't directly control the supply of money doofus.

Biden should have never handed out the $1T stimulus to buy the GA elections. And the Democrats want to keep the foot on the gas of inflation with their stupid multi-trillion dollar spending plans. Back when stimulus and money was being injected into the economy COVID was ravaging the economy was completely shut down. It is open now. That's the big difference.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The GOP plan to fix the economy is apparently being put together by the same brain trust that has been working on a replacement for Obamacare for the last ten years.

No solutions, just political theater. Block any and all legislation and then complain about the results.

Sometimes less is more.

But most of the time, less is just less

[Anonymous]

What was that? All the inflationary drivers are on target??

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We have inflation because our economy is growing so quickly - in a pandemic no less. Americans are buying like crazy. Unemployment is low. Housing prices high. People lifted out of poverty. What do you want?

We have inflation because the supply of money has been expanded by almost 50% in only about 2 years. People are buying because of lax fiscal and monetary policy. It's a cheap sugar rush, not the sign of a strong economy. The diabetic crash is inevitable. See how well the employment and poverty numbers look when there's severe economic contraction when the central bank has to raise interest rates to control the problem of inflation. Look at what happened to Japan when they created a gigantic asset bubble the same way we have done, and the bank of japan raised interest rates to deflate the bubble. Everything imploded.

This. So much free money was floating around the economy. In order to get workers hourly wages have had to be risen drastically in the last two years.
Biden likes to disparage the meatpacking industry but in our very own Maryland eastern shore counties, Sussex County Delaware and Accomac County Virginia hourly rates of pay for chicken processors were $10 per hour prior to Covid. This is why your chicken was affordable. Due to the government flooding the supply of money starting rates of pay for chicken processors (in less than 2 years) are now at $17 - $20 per hour. It was inevitable that the price of your chicken rose in cost.

Wrong. People don't want to work for $10 an hour anymore. It's not due to UE benefits. Those ended long ago. People are fed up. We are going to have to start to pay more for items. We are addicted to cheap food. And BTW, you pay either way because those same people who work for $10/hour need other supports like food stamps to actually live. People didn't save that money. They spent it 6 months ago.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We have inflation because our economy is growing so quickly - in a pandemic no less. Americans are buying like crazy. Unemployment is low. Housing prices high. People lifted out of poverty. What do you want?

We have inflation because the supply of money has been expanded by almost 50% in only about 2 years. People are buying because of lax fiscal and monetary policy. It's a cheap sugar rush, not the sign of a strong economy. The diabetic crash is inevitable. See how well the employment and poverty numbers look when there's severe economic contraction when the central bank has to raise interest rates to control the problem of inflation. Look at what happened to Japan when they created a gigantic asset bubble the same way we have done, and the bank of japan raised interest rates to deflate the bubble. Everything imploded.

2/3 of that 50% in 2 years was during the Trump administration. But of course the answer to inflation is to elect Republicans, right?

The USG doesn't directly control the supply of money doofus.

Biden should have never handed out the $1T stimulus to buy the GA elections. And the Democrats want to keep the foot on the gas of inflation with their stupid multi-trillion dollar spending plans. Back when stimulus and money was being injected into the economy COVID was ravaging the economy was completely shut down. It is open now. That's the big difference.

I appreciate that you are in the 1%, but a lot of people were hurting. Lots of folks could not work because their kids were still out of school and still more folks had to take care of family. Those stimulus packages were needed.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We have inflation because our economy is growing so quickly - in a pandemic no less. Americans are buying like crazy. Unemployment is low. Housing prices high. People lifted out of poverty. What do you want?

We have inflation because the supply of money has been expanded by almost 50% in only about 2 years. People are buying because of lax fiscal and monetary policy. It's a cheap sugar rush, not the sign of a strong economy. The diabetic crash is inevitable. See how well the employment and poverty numbers look when there's severe economic contraction when the central bank has to raise interest rates to control the problem of inflation. Look at what happened to Japan when they created a gigantic asset bubble the same way we have done, and the bank of japan raised interest rates to deflate the bubble. Everything imploded.

2/3 of that 50% in 2 years was during the Trump administration. But of course the answer to inflation is to elect Republicans, right?

The USG doesn't directly control the supply of money doofus.

Biden should have never handed out the $1T stimulus to buy the GA elections. And the Democrats want to keep the foot on the gas of inflation with their stupid multi-trillion dollar spending plans. Back when stimulus and money was being injected into the economy COVID was ravaging the economy was completely shut down. It is open now. That's the big difference.

I appreciate that you are in the 1%, but a lot of people were hurting. Lots of folks could not work because their kids were still out of school and still more folks had to take care of family. Those stimulus packages were needed.

I agree - they WERE needed. Not anymore. People need to go back to work. They’ve had two years to sort themselves into new fields or stay in their old ones. But no more stimulus, no more unemployment, no more expanded child credits.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We have inflation because our economy is growing so quickly - in a pandemic no less. Americans are buying like crazy. Unemployment is low. Housing prices high. People lifted out of poverty. What do you want?

We have inflation because the supply of money has been expanded by almost 50% in only about 2 years. People are buying because of lax fiscal and monetary policy. It's a cheap sugar rush, not the sign of a strong economy. The diabetic crash is inevitable. See how well the employment and poverty numbers look when there's severe economic contraction when the central bank has to raise interest rates to control the problem of inflation. Look at what happened to Japan when they created a gigantic asset bubble the same way we have done, and the bank of japan raised interest rates to deflate the bubble. Everything imploded.

This. So much free money was floating around the economy. In order to get workers hourly wages have had to be risen drastically in the last two years.
Biden likes to disparage the meatpacking industry but in our very own Maryland eastern shore counties, Sussex County Delaware and Accomac County Virginia hourly rates of pay for chicken processors were $10 per hour prior to Covid. This is why your chicken was affordable. Due to the government flooding the supply of money starting rates of pay for chicken processors (in less than 2 years) are now at $17 - $20 per hour. It was inevitable that the price of your chicken rose in cost.

Wrong. People don't want to work for $10 an hour anymore. It's not due to UE benefits. Those ended long ago. People are fed up. We are going to have to start to pay more for items. We are addicted to cheap food. And BTW, you pay either way because those same people who work for $10/hour need other supports like food stamps to actually live. People didn't save that money. They spent it 6 months ago.

The top three drivers of inflation have been 1.) cost of gasoline, 2.) cost of natural gas, 3.) cost of used cars.