Biden’s economy

[Anonymous]

Anonymous wrote:Economics is more of a science than an art. Anyone here who is saying they know the causes of inflation is just making their best guess. It is much more likely it is a confluence of both demand and supply side factors. The main point for Biden, however, is less about the reality of his economy (which is only truly known in hindsight) and more about voters' perception.

From this thread it seems it's 50/50 on how well he is doing.

Anyone who's claimed "it's purely supply and demand" has failed to show any evidence of how supply is so much drastically lower, or that consumption somehow had a sudden vast increase - or that there's a combination of these that could credibly account for the price. Yet we CAN see that corporate profits have gone up significantly.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Inflation is 100 percent a monetary phenomenon. Too much money chasing too little productivity

Another conservative who “knows” something that is completely false.

Another progressive who will tell us inflation is not a problem and then in the same breath tell us we need a "living wage".

[Anonymous]

Anonymous wrote:

Anonymous wrote:

National debt all time high...

You can say this about every President. Your point?

We're over 100K debt per person.

Our yearly interest payment on the national debt just rocketed past our yearly payment for defense spending. The treadmill speeds up from here.

[Anonymous]

Anonymous wrote:

Anonymous wrote:You can't make this up: People are now buying gold bars at the Costco self checkout.

Costco is selling over $200 million of gold bars every month.

But don't worry, the economy is "strong."

Seems to me there's $200 million a month worth of disposable income for frivolous purchases. From what I hear people only get a portion back on those gold bars, not exactly the big investment they are touted to be.

Gold is not an investment. It's a store of value.

When things go sideways, you can burn your cash in the fireplace, but gold and silver will still have value.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Gold all time high...

National debt all time high...

BRICS competting for reserve currency...

DCUM oblivious to this and blames Trump

Trump ballooned the debt by 25% with zero benefit to the country or the taxpayers.

and BRICS is being elevated because the GOP are russian assets now.

Oh, so you weren't one of the ones whining about free vaccines, free PPP, free cash to and rental payments and bailouts to those not working? I don't seem to remember that sentiment here at DCUM. Tell us more!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Economics is more of a science than an art. Anyone here who is saying they know the causes of inflation is just making their best guess. It is much more likely it is a confluence of both demand and supply side factors. The main point for Biden, however, is less about the reality of his economy (which is only truly known in hindsight) and more about voters' perception.

From this thread it seems it's 50/50 on how well he is doing.

Anyone who's claimed "it's purely supply and demand" has failed to show any evidence of how supply is so much drastically lower, or that consumption somehow had a sudden vast increase - or that there's a combination of these that could credibly account for the price. Yet we CAN see that corporate profits have gone up significantly.

Corporate profits? Yeah, that tends to happen when you drop tax payer money by the pallets on Pfizer, Moderna, solar panel and wind turbine manufacturers and other "causes". Is this a surprise to you?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Economics is more of a science than an art. Anyone here who is saying they know the causes of inflation is just making their best guess. It is much more likely it is a confluence of both demand and supply side factors. The main point for Biden, however, is less about the reality of his economy (which is only truly known in hindsight) and more about voters' perception.

From this thread it seems it's 50/50 on how well he is doing.

Anyone who's claimed "it's purely supply and demand" has failed to show any evidence of how supply is so much drastically lower, or that consumption somehow had a sudden vast increase - or that there's a combination of these that could credibly account for the price. Yet we CAN see that corporate profits have gone up significantly.

Corporate profits? Yeah, that tends to happen when you drop tax payer money by the pallets on Pfizer, Moderna, solar panel and wind turbine manufacturers and other "causes". Is this a surprise to you?

Why is inflation a global phenomenon then? You keep trying to tie this to Biden's policies while the U.S. has recovered faster and better and has lower inflation than just about any country coming out of the pandemic in the developed world. Please explain why the rest of the world when you decide to critique the U.S.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Economics is more of a science than an art. Anyone here who is saying they know the causes of inflation is just making their best guess. It is much more likely it is a confluence of both demand and supply side factors. The main point for Biden, however, is less about the reality of his economy (which is only truly known in hindsight) and more about voters' perception.

From this thread it seems it's 50/50 on how well he is doing.

Anyone who's claimed "it's purely supply and demand" has failed to show any evidence of how supply is so much drastically lower, or that consumption somehow had a sudden vast increase - or that there's a combination of these that could credibly account for the price. Yet we CAN see that corporate profits have gone up significantly.

Corporate profits? Yeah, that tends to happen when you drop tax payer money by the pallets on Pfizer, Moderna, solar panel and wind turbine manufacturers and other "causes". Is this a surprise to you?

Why is inflation a global phenomenon then? You keep trying to tie this to Biden's policies while the U.S. has recovered faster and better and has lower inflation than just about any country coming out of the pandemic in the developed world. Please explain why the rest of the world when you decide to critique the U.S.

No, here in the U.S., they lie about it and massage the numbers. Inflation is much higher than the U.S. government tells you it is.

To get even close to the real number here, you have to read 50 pages of fine print (if they even print it).

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Gold all time high...

National debt all time high...

BRICS competting for reserve currency...

DCUM oblivious to this and blames Trump

Trump ballooned the debt by 25% with zero benefit to the country or the taxpayers.

and BRICS is being elevated because the GOP are russian assets now.

Oh, so you weren't one of the ones whining about free vaccines, free PPP, free cash to and rental payments and bailouts to those not working? I don't seem to remember that sentiment here at DCUM. Tell us more!

Trump ran up the debt even before Covid with tax cuts and dumbassery. And Covid relief was more expensive because he mismanaged it so badly.

[Anonymous]

The Hidden Costs of Homeownership Are Skyrocketing

https://www.msn.com/en-us/money/realestate/the-hidden-costs-of-homeownership-are-skyrocketing/ar-BB1lq8lF

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Economics is more of a science than an art. Anyone here who is saying they know the causes of inflation is just making their best guess. It is much more likely it is a confluence of both demand and supply side factors. The main point for Biden, however, is less about the reality of his economy (which is only truly known in hindsight) and more about voters' perception.

From this thread it seems it's 50/50 on how well he is doing.

Anyone who's claimed "it's purely supply and demand" has failed to show any evidence of how supply is so much drastically lower, or that consumption somehow had a sudden vast increase - or that there's a combination of these that could credibly account for the price. Yet we CAN see that corporate profits have gone up significantly.

Corporate profits? Yeah, that tends to happen when you drop tax payer money by the pallets on Pfizer, Moderna, solar panel and wind turbine manufacturers and other "causes". Is this a surprise to you?

Why is inflation a global phenomenon then? You keep trying to tie this to Biden's policies while the U.S. has recovered faster and better and has lower inflation than just about any country coming out of the pandemic in the developed world. Please explain why the rest of the world when you decide to critique the U.S.

No, here in the U.S., they lie about it and massage the numbers. Inflation is much higher than the U.S. government tells you it is.

To get even close to the real number here, you have to read 50 pages of fine print (if they even print it).

Are you the poster from a page back that doesn’t know what 3% inflation means?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Economics is more of a science than an art. Anyone here who is saying they know the causes of inflation is just making their best guess. It is much more likely it is a confluence of both demand and supply side factors. The main point for Biden, however, is less about the reality of his economy (which is only truly known in hindsight) and more about voters' perception.

From this thread it seems it's 50/50 on how well he is doing.

Anyone who's claimed "it's purely supply and demand" has failed to show any evidence of how supply is so much drastically lower, or that consumption somehow had a sudden vast increase - or that there's a combination of these that could credibly account for the price. Yet we CAN see that corporate profits have gone up significantly.

Corporate profits? Yeah, that tends to happen when you drop tax payer money by the pallets on Pfizer, Moderna, solar panel and wind turbine manufacturers and other "causes". Is this a surprise to you?

Why is inflation a global phenomenon then? You keep trying to tie this to Biden's policies while the U.S. has recovered faster and better and has lower inflation than just about any country coming out of the pandemic in the developed world. Please explain why the rest of the world when you decide to critique the U.S.

No, here in the U.S., they lie about it and massage the numbers. Inflation is much higher than the U.S. government tells you it is.

To get even close to the real number here, you have to read 50 pages of fine print (if they even print it).

Are you the poster from a page back that doesn’t know what 3% inflation means?

What?

Core inflation?

Headline inflation?

Seasonally adjusted inflation?

Bureau of Labor Statistics lie-to-the-public inflation?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Economics is more of a science than an art. Anyone here who is saying they know the causes of inflation is just making their best guess. It is much more likely it is a confluence of both demand and supply side factors. The main point for Biden, however, is less about the reality of his economy (which is only truly known in hindsight) and more about voters' perception.

From this thread it seems it's 50/50 on how well he is doing.

Anyone who's claimed "it's purely supply and demand" has failed to show any evidence of how supply is so much drastically lower, or that consumption somehow had a sudden vast increase - or that there's a combination of these that could credibly account for the price. Yet we CAN see that corporate profits have gone up significantly.

Corporate profits? Yeah, that tends to happen when you drop tax payer money by the pallets on Pfizer, Moderna, solar panel and wind turbine manufacturers and other "causes". Is this a surprise to you?

Why is inflation a global phenomenon then? You keep trying to tie this to Biden's policies while the U.S. has recovered faster and better and has lower inflation than just about any country coming out of the pandemic in the developed world. Please explain why the rest of the world when you decide to critique the U.S.

No, here in the U.S., they lie about it and massage the numbers. Inflation is much higher than the U.S. government tells you it is.

To get even close to the real number here, you have to read 50 pages of fine print (if they even print it).

Are you the poster from a page back that doesn’t know what 3% inflation means?

What?

Core inflation?

Headline inflation?

Seasonally adjusted inflation?

Bureau of Labor Statistics lie-to-the-public inflation?

So yes, that’s you?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Economics is more of a science than an art. Anyone here who is saying they know the causes of inflation is just making their best guess. It is much more likely it is a confluence of both demand and supply side factors. The main point for Biden, however, is less about the reality of his economy (which is only truly known in hindsight) and more about voters' perception.

From this thread it seems it's 50/50 on how well he is doing.

Anyone who's claimed "it's purely supply and demand" has failed to show any evidence of how supply is so much drastically lower, or that consumption somehow had a sudden vast increase - or that there's a combination of these that could credibly account for the price. Yet we CAN see that corporate profits have gone up significantly.

Corporate profits? Yeah, that tends to happen when you drop tax payer money by the pallets on Pfizer, Moderna, solar panel and wind turbine manufacturers and other "causes". Is this a surprise to you?

Why is inflation a global phenomenon then? You keep trying to tie this to Biden's policies while the U.S. has recovered faster and better and has lower inflation than just about any country coming out of the pandemic in the developed world. Please explain why the rest of the world when you decide to critique the U.S.

No, here in the U.S., they lie about it and massage the numbers. Inflation is much higher than the U.S. government tells you it is.

To get even close to the real number here, you have to read 50 pages of fine print (if they even print it).

Tell me something I've been hearing for close to 20 years (i.e., Shadow Government Statistics, Zero Hedge, etc.). The problem is, the bond market doesn't support your thesis. If it did, then the smart money would be pricing in that kind of inflation. And the bond market is much smarter than you as well as equities.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Economics is more of a science than an art. Anyone here who is saying they know the causes of inflation is just making their best guess. It is much more likely it is a confluence of both demand and supply side factors. The main point for Biden, however, is less about the reality of his economy (which is only truly known in hindsight) and more about voters' perception.

From this thread it seems it's 50/50 on how well he is doing.

Anyone who's claimed "it's purely supply and demand" has failed to show any evidence of how supply is so much drastically lower, or that consumption somehow had a sudden vast increase - or that there's a combination of these that could credibly account for the price. Yet we CAN see that corporate profits have gone up significantly.

Corporate profits? Yeah, that tends to happen when you drop tax payer money by the pallets on Pfizer, Moderna, solar panel and wind turbine manufacturers and other "causes". Is this a surprise to you?

Why is inflation a global phenomenon then? You keep trying to tie this to Biden's policies while the U.S. has recovered faster and better and has lower inflation than just about any country coming out of the pandemic in the developed world. Please explain why the rest of the world when you decide to critique the U.S.

No, here in the U.S., they lie about it and massage the numbers. Inflation is much higher than the U.S. government tells you it is.

To get even close to the real number here, you have to read 50 pages of fine print (if they even print it).

Are you the poster from a page back that doesn’t know what 3% inflation means?

What?

Core inflation?

Headline inflation?

Seasonally adjusted inflation?

Bureau of Labor Statistics lie-to-the-public inflation?

So yes, that’s you?

No. I am a different poster. You are ignorant.