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

[Anonymous]

Anonymous wrote: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.

Is everything leading to a civil war or just discussing terrible inflation numbers?

[Anonymous]

Reactionaries and subversives (in other words, republicans) have pushed this narrative to divide and continue their failed coup. Don’t fall for their lies.

[Anonymous]

Anonymous wrote:

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?

All I'm hearing from Biden supporters is 'this isn't happening'. 'There's no inflation, what supply chain crisis, there's no boat crisis at the ports, who cares if food is extremely high?'

Then after summer it was - wait its just transitional. No solutions, just more 'ignore it'. Meanwhile inflation has gone from 1.4% in January 2021 to 6.8% in November 2021. There's no way it won't be 7.2% in December 2021 because again they're doing nothing.

Now when it hits 10% in February 2022 - what are they going to say? Wait more?

[Anonymous]

Anonymous wrote:Reactionaries and subversives (in other words, republicans) have pushed this narrative to divide and continue their failed coup. Don’t fall for their lies.

Democrat - Biden voter here. Its not a narrative, its a fact. Deal with it. Push for solutions.

I had a huge amount to say about Trump mishandling the COVID crisis, now watching Biden bumble the entire country's economy and we're supposed to shut up?

[Anonymous]

Anonymous wrote:Reactionaries and subversives (in other words, republicans) have pushed this narrative to divide and continue their failed coup. Don’t fall for their lies.

Yes, clearly it is a Republican thing only when CNN is running stories like this:

https://www.cnn.com/2021/12/11/business/grocery-restaurant-prices/index.html

[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.

You're right it is Econ 101 - yet again, another govt made problem by being too lax with fiscal spending and monetary policy. That's what happens when you keep handing out stimmi checks, govt hand out after govt hand out, and keep printing money. The USG inflated the money supply by 25% in about 1-1.5 years.

It is a diabetic sugar rush. It is only a matter of time before the crash occurs.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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?

All I'm hearing from Biden supporters is 'this isn't happening'. 'There's no inflation, what supply chain crisis, there's no boat crisis at the ports, who cares if food is extremely high?'

Then after summer it was - wait its just transitional. No solutions, just more 'ignore it'. Meanwhile inflation has gone from 1.4% in January 2021 to 6.8% in November 2021. There's no way it won't be 7.2% in December 2021 because again they're doing nothing.

Now when it hits 10% in February 2022 - what are they going to say? Wait more?

You didn’t answer the question.
And we have inflation during recoveries, not during recessions or depressions. The economy is going gangbusters.

[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.

You're right it is Econ 101 - yet again, another govt made problem by being too lax with fiscal spending and monetary policy. That's what happens when you keep handing out stimmi checks, govt hand out after govt hand out, and keep printing money. The USG inflated the money supply by 25% in about 1-1.5 years.

It is a diabetic sugar rush. It is only a matter of time before the crash occurs.

Uhhh wasn't the last stimulus check all the way back in March? And we're to understand that $1400 has had Bubba living in the lap of luxury ever since...

[Anonymous]

Anonymous wrote:

Anonymous wrote:Reactionaries and subversives (in other words, republicans) have pushed this narrative to divide and continue their failed coup. Don’t fall for their lies.

Democrat - Biden voter here. Its not a narrative, its a fact. Deal with it. Push for solutions.

I had a huge amount to say about Trump mishandling the COVID crisis, now watching Biden bumble the entire country's economy and we're supposed to shut up?

You’re a milquetoast “moderate”, am I right? Lol.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Reactionaries and subversives (in other words, republicans) have pushed this narrative to divide and continue their failed coup. Don’t fall for their lies.

Democrat - Biden voter here. Its not a narrative, its a fact. Deal with it. Push for solutions.

I had a huge amount to say about Trump mishandling the COVID crisis, now watching Biden bumble the entire country's economy and we're supposed to shut up?

You’re a milquetoast “moderate”, am I right? Lol.

Yep. Not ashamed of it. Voted blue in every Presidential election this century.

[Anonymous]

Anonymous wrote:

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.

You're right it is Econ 101 - yet again, another govt made problem by being too lax with fiscal spending and monetary policy. That's what happens when you keep handing out stimmi checks, govt hand out after govt hand out, and keep printing money. The USG inflated the money supply by 25% in about 1-1.5 years.

It is a diabetic sugar rush. It is only a matter of time before the crash occurs.

Uhhh wasn't the last stimulus check all the way back in March? And we're to understand that $1400 has had Bubba living in the lap of luxury ever since...

A trillion $$ was handed out in March doof. All of that money is sitting in peoples' bank accounts and has been for many months. They're unloading it on the economy over time. That's why you have inflation. Too much demand because the moronic govt injected far too much cash in the system. That's on top of the Federal Reserve massively expanding the supply of money and keeping interest rates down. It's all a house of cards build on a diabetic sugar rush. The last round of stimmi in March should have never been handed out in the first place. China shut down everything and was far more muted in their govt spending and stimulus. That's why they don't have nearly anywhere near as bad inflation. They were patient and waited it out.

US now has inflation as bad as Turkey, Brazil, Russia, Mexico, and Venezuela....what a crowd to be in.

[Anonymous]

Anonymous wrote:

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.

You're right it is Econ 101 - yet again, another govt made problem by being too lax with fiscal spending and monetary policy. That's what happens when you keep handing out stimmi checks, govt hand out after govt hand out, and keep printing money. The USG inflated the money supply by 25% in about 1-1.5 years.

It is a diabetic sugar rush. It is only a matter of time before the crash occurs.

Uhhh wasn't the last stimulus check all the way back in March? And we're to understand that $1400 has had Bubba living in the lap of luxury ever since...

The child tax credits hit every month starting in July 2021. Its the equivalent of a stimulus every month for everyone with at least 2 kids.

[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.

You're right it is Econ 101 - yet again, another govt made problem by being too lax with fiscal spending and monetary policy. That's what happens when you keep handing out stimmi checks, govt hand out after govt hand out, and keep printing money. The USG inflated the money supply by 25% in about 1-1.5 years.

It is a diabetic sugar rush. It is only a matter of time before the crash occurs.

It’s not about those checks. They account for a tiny part of the economy. Do the math. We have a much much faster recovery than after a regular recessions because we didn’t go through a full blown recession. Most people didn’t stop working and making money during the pandemic, they just cut way back on spending because they were working from home and not doing much else. A lot of boomers especially are sitting on piles of money and are spending some of it. We are at the beginning of an economic boom.

[Anonymous]

Anonymous wrote:

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.

You're right it is Econ 101 - yet again, another govt made problem by being too lax with fiscal spending and monetary policy. That's what happens when you keep handing out stimmi checks, govt hand out after govt hand out, and keep printing money. The USG inflated the money supply by 25% in about 1-1.5 years.

It is a diabetic sugar rush. It is only a matter of time before the crash occurs.

It’s not about those checks. They account for a tiny part of the economy. Do the math. We have a much much faster recovery than after a regular recessions because we didn’t go through a full blown recession. Most people didn’t stop working and making money during the pandemic, they just cut way back on spending because they were working from home and not doing much else. A lot of boomers especially are sitting on piles of money and are spending some of it. We are at the beginning of an economic boom.

lol... the total market cap of the stock market is over 206% of US GDP.

it was 143% right before the 2000 tech bubble.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

You're right it is Econ 101 - yet again, another govt made problem by being too lax with fiscal spending and monetary policy. That's what happens when you keep handing out stimmi checks, govt hand out after govt hand out, and keep printing money. The USG inflated the money supply by 25% in about 1-1.5 years.

It is a diabetic sugar rush. It is only a matter of time before the crash occurs.

It’s not about those checks. They account for a tiny part of the economy. Do the math. We have a much much faster recovery than after a regular recessions because we didn’t go through a full blown recession. Most people didn’t stop working and making money during the pandemic, they just cut way back on spending because they were working from home and not doing much else. A lot of boomers especially are sitting on piles of money and are spending some of it. We are at the beginning of an economic boom.

lol... the total market cap of the stock market is over 206% of US GDP.

it was 143% right before the 2000 tech bubble.

What is your point? This isn’t 2000.