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

[Anonymous]

I was told before that there was no inflation. I was imagining it. So why all the fuss now?

[Anonymous]

To be more concerned about inflation than a plot to end democracy is pretty much a definition of the choice made by many in pre-WW2 Germany.

[Anonymous]

Anonymous wrote:I was told before that there was no inflation. I was imagining it. So why all the fuss now?

Well, first there was no inflation. Then when that narrative became a joke in its own right (remember saving $0.16 on your 4th of July picnic?) they moved the goalposts to inflation is "transitory."

With the latest polls out this weekend we can expect them to come out with some new talking points soon. I am predicting, "Inflation is because of the prior administration."

[Anonymous]

The Nazis Party took advantage of hyperinflation in 1929 to convince fearful Germans to embrace nazism & their authoritarian policies. Before this, the Nazis had lost 2 elections & had secured only 3.5% of the votes.

Per the headline of this thread, in fact, annual inflation did not grow 6.8% in November. That is an absolute false headline.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I was told before that there was no inflation. I was imagining it. So why all the fuss now?

Well, first there was no inflation. Then when that narrative became a joke in its own right (remember saving $0.16 on your 4th of July picnic?) they moved the goalposts to inflation is "transitory."

With the latest polls out this weekend we can expect them to come out with some new talking points soon. I am predicting, "Inflation is because of the prior administration."

Given that inflation is a direct result of a rebounding economy after the previous administration botched COVID so badly, one could make this argument. Would you prefer massive unemployment and a slagging economy and GDP? Because that was the situation in January 2021 when Biden took over.

[Anonymous]

[Anonymous]

Watch the back end of the curve — this is what the fed means by inflation is transitory.

Market is telegraphing that 36 months from now inflation will crater

[Anonymous]

Anonymous wrote:Watch the back end of the curve — this is what the fed means by inflation is transitory.

Market is telegraphing that 36 months from now inflation will crater

3 YEARS. You want us to wait until 2024 to pay normal prices for basic food, gas, and goods?

LOL I'm a Democrat and that is nuts. Not happening. And if the administration doesn't do something before it hits 10% Inflation in Spring 2022...oh boy.

[Anonymous]

"normal" prices.

Oh honey.

[Anonymous]

Anonymous wrote:"normal" prices.

Oh honey.

Miss me with your dismissive comments. Biden's failing. Lost the VA Gubernatorial elections and November 2022 elections are 10.5 months away. You're not going to like the Congressional flip you see if you keep that tone.

[Anonymous]

Anonymous wrote:
You just shot yourself in the foot.

Reagan was famous for proactively combatting inflation. He came into office in a period of stubbornly high inflation and one that was already steadily worsening. He promised to tackle it, and he did. Sharp increases in interest rates and led to a short if painful recession in the early 1980s. But once inflation was brought under control, the American economy took off.

There's a distinct reason why Carter is associated with inflation and Reagan is not.

Interesting, I didn't realize that President Reagan had control of interest rates.

Did he temporarily suspend the Federal Reserve Board?

[Anonymous]

Come on, people, this is Econ 101. We are coming out of an economic shutdown. Prices are higher than a year ago because a year ago everything was terrible. Suppliers, shippers, producers, employers, and employees are all going through transitions and replacement cycles that would have happened gradually but were stopped for a year and are now accelerated by the rapid recovery. Give them a few months to figure things out. Demand exceeding the supply capability is a great problem to have. The first reaction is higher prices, but the long-term response is increased production and improvements in supply chain productivity and efficiency.

[Anonymous]

Anonymous wrote:Come on, people, this is Econ 101. We are coming out of an economic shutdown. Prices are higher than a year ago because a year ago everything was terrible. Suppliers, shippers, producers, employers, and employees are all going through transitions and replacement cycles that would have happened gradually but were stopped for a year and are now accelerated by the rapid recovery. Give them a few months to figure things out. Demand exceeding the supply capability is a great problem to have. The first reaction is higher prices, but the long-term response is increased production and improvements in supply chain productivity and efficiency.

Inflation wasn't even approaching Biden's high during the official Great Recession.

Are we declaring a Depression now? Because if we are I haven't heard anything from Biden's team and where's the 4th stimulus to the entire country?

[Anonymous]

It is clear from this thread that history is going to repeat itself and we can prepare for some very dark times as this country falls into an authoritarian abyss and possibly civil war.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Come on, people, this is Econ 101. We are coming out of an economic shutdown. Prices are higher than a year ago because a year ago everything was terrible. Suppliers, shippers, producers, employers, and employees are all going through transitions and replacement cycles that would have happened gradually but were stopped for a year and are now accelerated by the rapid recovery. Give them a few months to figure things out. Demand exceeding the supply capability is a great problem to have. The first reaction is higher prices, but the long-term response is increased production and improvements in supply chain productivity and efficiency.

Inflation wasn't even approaching Biden's high during the official Great Recession.

Are we declaring a Depression now? Because if we are I haven't heard anything from Biden's team and where's the 4th stimulus to the entire country?

Can you not read or did you just not bother to read the post you quoted?