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

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Rents are exploding. How are people going to live? They can't afford homes because they juiced the markets with years of low interest rates, and corporations are now buying up all homes for people that your average person cannot compete with. Rents are going up and up and up. The middle class is absolutely done. Biden's inflation is obliterating the middle class.

Remind me again what interest rates were like under Trump? Remind me how much debt Trump took on to give out Covid stimulus?

Unbelievable (well very believable actually since you're clearly arguing in bad faith because that's all Republicans do) that you'd try to lay this on Biden when he was only doing what he had to do to clean up Trump's disaster of a Covid response.

Covid response is a very complicated topic. There were always alternative opinions on how that should have been handled. 2 weeks to flatten the curve were not meant to become 2 years to flatten economy, people's physical and mental health, their savings, and academic progresss of their kids. It's pretty clear that some states did better, and these were the states that didn't follow the narrative of lockdowns, blaming regular citizens behavior as a sole reason for this pandemic and spread, ridiculous and discriminatory mandates, blatant social engineering of behavior through fear propaganda, masking of toddlers, etc. FL is thriving, Sweden also didn't go extinct as is the rest of the world. And countries with the most draconian lockdown zero covid measures all got their spread in due time. This response was a disaster and cannot be blamed on either of the presidents alone, it was incompetence and corruption of many institutions involved in this, a runaway train of policies driven by fear, indiscriminate cattle-like health policies that took individual doctor-patient relationship out of equation, corruption (many pockets were lined I am sure), social engineering experiments, etc.

You know who has the strongest state economy?

Michigan, led by Dem. Gov. Gretchen Whitmer. She locked everything down hard in 2020, and longer than most. Then opened it back up slowly, and promised when vaccines were available, she'd drop most state restrictions. She did. She was right.

https://www.clickondetroit.com/news/2022/02/26/get-caught-up-michigan-has-the-no-1-us-economy-according-to-bloomberg/

[Anonymous]

Fed rate is currently 0%.

Under which POTUS were rates lowered to 0% and the Fed’s balance sheet expanded?

Thanks!!!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Rents are exploding. How are people going to live? They can't afford homes because they juiced the markets with years of low interest rates, and corporations are now buying up all homes for people that your average person cannot compete with. Rents are going up and up and up. The middle class is absolutely done. Biden's inflation is obliterating the middle class.

Remind me again what interest rates were like under Trump? Remind me how much debt Trump took on to give out Covid stimulus?

Unbelievable (well very believable actually since you're clearly arguing in bad faith because that's all Republicans do) that you'd try to lay this on Biden when he was only doing what he had to do to clean up Trump's disaster of a Covid response.

Covid response is a very complicated topic. There were always alternative opinions on how that should have been handled. 2 weeks to flatten the curve were not meant to become 2 years to flatten economy, people's physical and mental health, their savings, and academic progresss of their kids. It's pretty clear that some states did better, and these were the states that didn't follow the narrative of lockdowns, blaming regular citizens behavior as a sole reason for this pandemic and spread, ridiculous and discriminatory mandates, blatant social engineering of behavior through fear propaganda, masking of toddlers, etc. FL is thriving, Sweden also didn't go extinct as is the rest of the world. And countries with the most draconian lockdown zero covid measures all got their spread in due time. This response was a disaster and cannot be blamed on either of the presidents alone, it was incompetence and corruption of many institutions involved in this, a runaway train of policies driven by fear, indiscriminate cattle-like health policies that took individual doctor-patient relationship out of equation, corruption (many pockets were lined I am sure), social engineering experiments, etc.

You know who has the strongest state economy?

Michigan, led by Dem. Gov. Gretchen Whitmer. She locked everything down hard in 2020, and longer than most. Then opened it back up slowly, and promised when vaccines were available, she'd drop most state restrictions. She did. She was right.

https://www.clickondetroit.com/news/2022/02/26/get-caught-up-michigan-has-the-no-1-us-economy-according-to-bloomberg/

Did she institute mandatory vaccinations, widespread indoor and even outdoor masking up until now? I don't think they had mandatory vax and masking and she didn't lockdown for long, because she got flamed for hypocrisy when her husband violated the very protocols she put in place. Places with state and city mandates were the most divided and segregated

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Rents are exploding. How are people going to live? They can't afford homes because they juiced the markets with years of low interest rates, and corporations are now buying up all homes for people that your average person cannot compete with. Rents are going up and up and up. The middle class is absolutely done. Biden's inflation is obliterating the middle class.

Remind me again what interest rates were like under Trump? Remind me how much debt Trump took on to give out Covid stimulus?

Unbelievable (well very believable actually since you're clearly arguing in bad faith because that's all Republicans do) that you'd try to lay this on Biden when he was only doing what he had to do to clean up Trump's disaster of a Covid response.

Covid response is a very complicated topic. There were always alternative opinions on how that should have been handled. 2 weeks to flatten the curve were not meant to become 2 years to flatten economy, people's physical and mental health, their savings, and academic progresss of their kids. It's pretty clear that some states did better, and these were the states that didn't follow the narrative of lockdowns, blaming regular citizens behavior as a sole reason for this pandemic and spread, ridiculous and discriminatory mandates, blatant social engineering of behavior through fear propaganda, masking of toddlers, etc. FL is thriving, Sweden also didn't go extinct as is the rest of the world. And countries with the most draconian lockdown zero covid measures all got their spread in due time. This response was a disaster and cannot be blamed on either of the presidents alone, it was incompetence and corruption of many institutions involved in this, a runaway train of policies driven by fear, indiscriminate cattle-like health policies that took individual doctor-patient relationship out of equation, corruption (many pockets were lined I am sure), social engineering experiments, etc.

You know who has the strongest state economy?

Michigan, led by Dem. Gov. Gretchen Whitmer. She locked everything down hard in 2020, and longer than most. Then opened it back up slowly, and promised when vaccines were available, she'd drop most state restrictions. She did. She was right.

https://www.clickondetroit.com/news/2022/02/26/get-caught-up-michigan-has-the-no-1-us-economy-according-to-bloomberg/

Most of the governors in the Top 10 of that Bloomberg index are Republicans...

Want to try again?

[Anonymous]

Inflation numbers should come out tomorrow. Let's see where we are on this lunatic ferris wheel this month.

[Anonymous]

Anonymous wrote:Inflation numbers should come out tomorrow. Let's see where we are on this lunatic ferris wheel this month.

It is absurd.

A pack of beef cubes for making stew was $14. At HMART yesterday. That is not a typo. $14. That's the worst of the worst cut for beef. We spent $130 at HMART for only about a week of produce and a few sauces. Almost no meat except for a broiler that was $13. That's it.

Inflation is absolutely out of control. At this rate, every single Americans' paycheck is going to be worth 50% less in terms of purchasing power in only 3 years.

Awful. Inflation is also completely devastating everyone's savings.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Inflation numbers should come out tomorrow. Let's see where we are on this lunatic ferris wheel this month.

It is absurd.

A pack of beef cubes for making stew was $14. At HMART yesterday. That is not a typo. $14. That's the worst of the worst cut for beef. We spent $130 at HMART for only about a week of produce and a few sauces. Almost no meat except for a broiler that was $13. That's it.

Inflation is absolutely out of control. At this rate, every single Americans' paycheck is going to be worth 50% less in terms of purchasing power in only 3 years.

Awful. Inflation is also completely devastating everyone's savings.

I went to Giant today. In D.C. - avoided nearly all meat (a pack of chicken was $21!) picked up a bag of chips, 1.35 pounds of ground beef for $6 (the cheap 80/20 version not 90/10 lean), 2 cans of beans on sale, and some pasta sauce.

$15.

[Anonymous]

Anonymous wrote:Inflation numbers should come out tomorrow. Let's see where we are on this lunatic ferris wheel this month.

Bullshit. Those groceries cost nowhere near that much at my Safeway.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Inflation numbers should come out tomorrow. Let's see where we are on this lunatic ferris wheel this month.

It is absurd.

A pack of beef cubes for making stew was $14. At HMART yesterday. That is not a typo. $14. That's the worst of the worst cut for beef. We spent $130 at HMART for only about a week of produce and a few sauces. Almost no meat except for a broiler that was $13. That's it.

Inflation is absolutely out of control. At this rate, every single Americans' paycheck is going to be worth 50% less in terms of purchasing power in only 3 years.

Awful. Inflation is also completely devastating everyone's savings.

I went to Giant today. In D.C. - avoided nearly all meat (a pack of chicken was $21!) picked up a bag of chips, 1.35 pounds of ground beef for $6 (the cheap 80/20 version not 90/10 lean), 2 cans of beans on sale, and some pasta sauce.

$15.

$15 of garbage. Prob why you have terrible health and blood pressure.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Inflation numbers should come out tomorrow. Let's see where we are on this lunatic ferris wheel this month.

It is absurd.

A pack of beef cubes for making stew was $14. At HMART yesterday. That is not a typo. $14. That's the worst of the worst cut for beef. We spent $130 at HMART for only about a week of produce and a few sauces. Almost no meat except for a broiler that was $13. That's it.

Inflation is absolutely out of control. At this rate, every single Americans' paycheck is going to be worth 50% less in terms of purchasing power in only 3 years.

Awful. Inflation is also completely devastating everyone's savings.

I went to Giant today. In D.C. - avoided nearly all meat (a pack of chicken was $21!) picked up a bag of chips, 1.35 pounds of ground beef for $6 (the cheap 80/20 version not 90/10 lean), 2 cans of beans on sale, and some pasta sauce.

$15.

$15 of garbage. Prob why you have terrible health and blood pressure.

Do you get paid to defend inflation? Seriously. What are the scrum meetings like trying to work your thoughts around going from 4.6% inflation to 8% in 6 months?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Inflation numbers should come out tomorrow. Let's see where we are on this lunatic ferris wheel this month.

It is absurd.

A pack of beef cubes for making stew was $14. At HMART yesterday. That is not a typo. $14. That's the worst of the worst cut for beef. We spent $130 at HMART for only about a week of produce and a few sauces. Almost no meat except for a broiler that was $13. That's it.

Inflation is absolutely out of control. At this rate, every single Americans' paycheck is going to be worth 50% less in terms of purchasing power in only 3 years.

Awful. Inflation is also completely devastating everyone's savings.

I went to Giant today. In D.C. - avoided nearly all meat (a pack of chicken was $21!) picked up a bag of chips, 1.35 pounds of ground beef for $6 (the cheap 80/20 version not 90/10 lean), 2 cans of beans on sale, and some pasta sauce.

$15.

Funny, I got a pack of chicken yesterday at Whole Foods for $12. Maybe you need to shop smarter?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Inflation numbers should come out tomorrow. Let's see where we are on this lunatic ferris wheel this month.

Bullshit. Those groceries cost nowhere near that much at my Safeway.

That is about $55 at my safeway.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Inflation numbers should come out tomorrow. Let's see where we are on this lunatic ferris wheel this month.

It is absurd.

A pack of beef cubes for making stew was $14. At HMART yesterday. That is not a typo. $14. That's the worst of the worst cut for beef. We spent $130 at HMART for only about a week of produce and a few sauces. Almost no meat except for a broiler that was $13. That's it.

Inflation is absolutely out of control. At this rate, every single Americans' paycheck is going to be worth 50% less in terms of purchasing power in only 3 years.

Awful. Inflation is also completely devastating everyone's savings.

I went to Giant today. In D.C. - avoided nearly all meat (a pack of chicken was $21!) picked up a bag of chips, 1.35 pounds of ground beef for $6 (the cheap 80/20 version not 90/10 lean), 2 cans of beans on sale, and some pasta sauce.

$15.

Funny, I got a pack of chicken yesterday at Whole Foods for $12. Maybe you need to shop smarter?

There’s a Whole Foods on my block - the scrawny chicken there is enough for two meals in my family.

[Anonymous]

Let's take bets.

CPI tomorrow: over/under 8%.

I'm gonna go over and guess 8.8%. Rents have been exploding.

[Anonymous]

Another month another bad print on CPI... up 7.9% YOY. Hell of a job Brandon Biden!