Biden’s economy

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
I will now only vote blue because of this crazy Alito ruling on Roe v Wade.

My ability to fully enjoy and regulate my life is worth a million times more than this temporary inflation.



This a bunch of moms from my kids school who typically vote for public and due to small business and taxes are up in arms over this ruling. They're coming out and saying they will support Democratic candidates who will protect their rights and the rights of their daughters. I guess you don't want to to make the mommy crowd mad. Way to go! Republicans.

This. If you think inflation is scary, try an unwanted child. There is nothing scarier for a woman, from every standpoint you can imagine. In terms of personal finance, it's a bombshell even without inflation.

American public cares more about inflation that abortion.

Abortion doesn’t effect me. I can choose not to have a child by simply using birth control. Inflation is impossible to escape.

On the other hand, politicians actually control abortion policy. They don't control inflation.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
I will now only vote blue because of this crazy Alito ruling on Roe v Wade.

My ability to fully enjoy and regulate my life is worth a million times more than this temporary inflation.



This a bunch of moms from my kids school who typically vote for public and due to small business and taxes are up in arms over this ruling. They're coming out and saying they will support Democratic candidates who will protect their rights and the rights of their daughters. I guess you don't want to to make the mommy crowd mad. Way to go! Republicans.

This. If you think inflation is scary, try an unwanted child. There is nothing scarier for a woman, from every standpoint you can imagine. In terms of personal finance, it's a bombshell even without inflation.

American public cares more about inflation that abortion.

Abortion doesn’t effect me. I can choose not to have a child by simply using birth control. Inflation is impossible to escape.

On the other hand, politicians actually control abortion policy. They don't control inflation.

Politicians certainly can and do put policies in place that fuel inflation. We shall see how well the Fed can do at controlling it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So… pretty much businesses raising prices because they can. Sounds about right.

You evidently work for the Biden administration.

Businesses are raising prices because THEIR costs have increased substantially.

I am a small business owner and cost of me doing business has increased about 8% year or year. unfortunately the increase has to be passed on to the consumer and then it comes back to the employers of the consumers to increase wages. It is a never ending battle. This is purely bad policy of this administration, someone remind Powel nothing is transitory except your job.

What you describe sounds like a "wage-price spiral", which is very difficult to get out of.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
I will now only vote blue because of this crazy Alito ruling on Roe v Wade.

My ability to fully enjoy and regulate my life is worth a million times more than this temporary inflation.



This a bunch of moms from my kids school who typically vote for public and due to small business and taxes are up in arms over this ruling. They're coming out and saying they will support Democratic candidates who will protect their rights and the rights of their daughters. I guess you don't want to to make the mommy crowd mad. Way to go! Republicans.

This. If you think inflation is scary, try an unwanted child. There is nothing scarier for a woman, from every standpoint you can imagine. In terms of personal finance, it's a bombshell even without inflation.

American public cares more about inflation that abortion.

Abortion doesn’t effect me. I can choose not to have a child by simply using birth control. Inflation is impossible to escape.

On the other hand, politicians actually control abortion policy. They don't control inflation.

Politicians certainly can and do put policies in place that fuel inflation. We shall see how well the Fed can do at controlling it.

To the extent any official in the government caused the current inflation, it was the fed. Even they had a pretty marginal role. If they had hiked rates earlier, they might have tamped down some of the demand surge coming out of COVID, but I doubt they could have done much. Inflation has been caused by the supply shock from COVID and related shutdowns (still going on) along with the surge in demand after re-opening- too much demand chasing too few goods. No politician was going to stop that.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
I will now only vote blue because of this crazy Alito ruling on Roe v Wade.

My ability to fully enjoy and regulate my life is worth a million times more than this temporary inflation.



This a bunch of moms from my kids school who typically vote for public and due to small business and taxes are up in arms over this ruling. They're coming out and saying they will support Democratic candidates who will protect their rights and the rights of their daughters. I guess you don't want to to make the mommy crowd mad. Way to go! Republicans.

This. If you think inflation is scary, try an unwanted child. There is nothing scarier for a woman, from every standpoint you can imagine. In terms of personal finance, it's a bombshell even without inflation.

American public cares more about inflation that abortion.

Printing 50% more money, expanding the balance sheet by 50% and spending trillions upon trillions in stimulus is not a 'marginal role' in causing inflation, lol.

Abortion doesn’t effect me. I can choose not to have a child by simply using birth control. Inflation is impossible to escape.

On the other hand, politicians actually control abortion policy. They don't control inflation.

Politicians certainly can and do put policies in place that fuel inflation. We shall see how well the Fed can do at controlling it.

To the extent any official in the government caused the current inflation, it was the fed. Even they had a pretty marginal role. If they had hiked rates earlier, they might have tamped down some of the demand surge coming out of COVID, but I doubt they could have done much. Inflation has been caused by the supply shock from COVID and related shutdowns (still going on) along with the surge in demand after re-opening- too much demand chasing too few goods. No politician was going to stop that.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So… pretty much businesses raising prices because they can. Sounds about right.

You evidently work for the Biden administration.

Businesses are raising prices because THEIR costs have increased substantially.

I am a small business owner and cost of me doing business has increased about 8% year or year. unfortunately the increase has to be passed on to the consumer and then it comes back to the employers of the consumers to increase wages. It is a never ending battle. This is purely bad policy of this administration, someone remind Powel nothing is transitory except your job.

What you describe sounds like a "wage-price spiral", which is very difficult to get out of.

Glad someone was smart enough to catch my drift. Yes this is a major issue because once the economy cools down, the pink slips will go out because the employees are no longer worth what they are getting paid. We are at critical moment in the economy and I don't think the fed knows what to do. They have no credibility, they messed it up last year, what makes anyone think they will get it right this year.

I think there are three issues that can cause major financial downturns: bond market, equity market and real estate. ALL THREE are in shambles right now and this has never happened during any of the previous crashes. If the stars align, this downturn could be on epic proportions.

[Anonymous]

Anonymous wrote:

Anonymous wrote:So… pretty much businesses raising prices because they can. Sounds about right.

You evidently work for the Biden administration.

Businesses are raising prices because THEIR costs have increased substantially.

No, I just have common sense. Big businesses are raking in money and jacking up prices. Their costs have nothing to do with the prices they charge us.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So… pretty much businesses raising prices because they can. Sounds about right.

You evidently work for the Biden administration.

Businesses are raising prices because THEIR costs have increased substantially.

I am a small business owner and cost of me doing business has increased about 8% year or year. unfortunately the increase has to be passed on to the consumer and then it comes back to the employers of the consumers to increase wages. It is a never ending battle. This is purely bad policy of this administration, someone remind Powel nothing is transitory except your job.

What you describe sounds like a "wage-price spiral", which is very difficult to get out of.

Glad someone was smart enough to catch my drift. Yes this is a major issue because once the economy cools down, the pink slips will go out because the employees are no longer worth what they are getting paid. We are at critical moment in the economy and I don't think the fed knows what to do. They have no credibility, they messed it up last year, what makes anyone think they will get it right this year.

I think there are three issues that can cause major financial downturns: bond market, equity market and real estate. ALL THREE are in shambles right now and this has never happened during any of the previous crashes. If the stars align, this downturn could be on epic proportions.

Yup, the ECI that was just reported was the highest in history. CPI is lagging. I'd pay much more attention to PPI, ECI and other wage-labor data like productivity etc. It's becoming increasingly clear we are caught in a wage price spiral, which is the Fed's worst nightmare. They need to nuke this problem from orbit before it gets out of hand, and go full Volcker. A bad recession will be a required dose of medicine.

[Anonymous]

Anonymous wrote:So… pretty much businesses raising prices because they can. Sounds about right.

You are dumb. I guess you've never passed business 101 and the entire concept of profit margins.

[Anonymous]

Anonymous wrote:

Anonymous wrote:So… pretty much businesses raising prices because they can. Sounds about right.

You are dumb. I guess you've never passed business 101 and the entire concept of profit margins.

Profit margins aren’t fair and are rrracccciiissstttt

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So… pretty much businesses raising prices because they can. Sounds about right.

You evidently work for the Biden administration.

Businesses are raising prices because THEIR costs have increased substantially.

I am a small business owner and cost of me doing business has increased about 8% year or year. unfortunately the increase has to be passed on to the consumer and then it comes back to the employers of the consumers to increase wages. It is a never ending battle. This is purely bad policy of this administration, someone remind Powel nothing is transitory except your job.

What you describe sounds like a "wage-price spiral", which is very difficult to get out of.

Glad someone was smart enough to catch my drift. Yes this is a major issue because once the economy cools down, the pink slips will go out because the employees are no longer worth what they are getting paid. We are at critical moment in the economy and I don't think the fed knows what to do. They have no credibility, they messed it up last year, what makes anyone think they will get it right this year.

I think there are three issues that can cause major financial downturns: bond market, equity market and real estate. ALL THREE are in shambles right now and this has never happened during any of the previous crashes. If the stars align, this downturn could be on epic proportions.

Yup, the ECI that was just reported was the highest in history. CPI is lagging. I'd pay much more attention to PPI, ECI and other wage-labor data like productivity etc. It's becoming increasingly clear we are caught in a wage price spiral, which is the Fed's worst nightmare. They need to nuke this problem from orbit before it gets out of hand, and go full Volcker. A bad recession will be a required dose of medicine.

Can you elaborate on the “nuke” and “full Volcker”? I’m not anywhere near being an economist.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So… pretty much businesses raising prices because they can. Sounds about right.

You evidently work for the Biden administration.

Businesses are raising prices because THEIR costs have increased substantially.

I am a small business owner and cost of me doing business has increased about 8% year or year. unfortunately the increase has to be passed on to the consumer and then it comes back to the employers of the consumers to increase wages. It is a never ending battle. This is purely bad policy of this administration, someone remind Powel nothing is transitory except your job.

What you describe sounds like a "wage-price spiral", which is very difficult to get out of.

Glad someone was smart enough to catch my drift. Yes this is a major issue because once the economy cools down, the pink slips will go out because the employees are no longer worth what they are getting paid. We are at critical moment in the economy and I don't think the fed knows what to do. They have no credibility, they messed it up last year, what makes anyone think they will get it right this year.

I think there are three issues that can cause major financial downturns: bond market, equity market and real estate. ALL THREE are in shambles right now and this has never happened during any of the previous crashes. If the stars align, this downturn could be on epic proportions.

Yup, the ECI that was just reported was the highest in history. CPI is lagging. I'd pay much more attention to PPI, ECI and other wage-labor data like productivity etc. It's becoming increasingly clear we are caught in a wage price spiral, which is the Fed's worst nightmare. They need to nuke this problem from orbit before it gets out of hand, and go full Volcker. A bad recession will be a required dose of medicine.

Can you elaborate on the “nuke” and “full Volcker”? I’m not anywhere near being an economist.

Not PP but Volker raised rates to something like 18% overnight which got us out of inflation in the late 70s. Doing so now would lead to a bad recession if not depression, ie nuke. Recessions are what ends wage price spirals.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So… pretty much businesses raising prices because they can. Sounds about right.

You evidently work for the Biden administration.

Businesses are raising prices because THEIR costs have increased substantially.

I am a small business owner and cost of me doing business has increased about 8% year or year. unfortunately the increase has to be passed on to the consumer and then it comes back to the employers of the consumers to increase wages. It is a never ending battle. This is purely bad policy of this administration, someone remind Powel nothing is transitory except your job.

What you describe sounds like a "wage-price spiral", which is very difficult to get out of.

Glad someone was smart enough to catch my drift. Yes this is a major issue because once the economy cools down, the pink slips will go out because the employees are no longer worth what they are getting paid. We are at critical moment in the economy and I don't think the fed knows what to do. They have no credibility, they messed it up last year, what makes anyone think they will get it right this year.

I think there are three issues that can cause major financial downturns: bond market, equity market and real estate. ALL THREE are in shambles right now and this has never happened during any of the previous crashes. If the stars align, this downturn could be on epic proportions.

Yup, the ECI that was just reported was the highest in history. CPI is lagging. I'd pay much more attention to PPI, ECI and other wage-labor data like productivity etc. It's becoming increasingly clear we are caught in a wage price spiral, which is the Fed's worst nightmare. They need to nuke this problem from orbit before it gets out of hand, and go full Volcker. A bad recession will be a required dose of medicine.

Can you elaborate on the “nuke” and “full Volcker”? I’m not anywhere near being an economist.

Volcker was a previous Fed Chair. He did not succumb to political pressure and did what was needed to get inflation under control. He drastically raised interest rates to double digits. It cussed two recessions, but it was the bitter medicine the economy needed to get inflation under control. He was one of the greatest Fed Chairs of all time and had an actual spine to do what was needed for a better economy in theong run. That's what we need right now.....a Fed chair with a spine who will raise rates faster and higher while tightening harder with quantitative tightening. Jerome Powell would get tons of criticism and heat for causing a recession, but this economy needs to be shocked Volcker style to reset the economy on a firm footing and to kill inflation. The idea that a soft landing is possible where the fed can reduce 40 year high inflation while having a progrowth environment for GDP is a pipedream. Just rip the band-aid off, do what Volcker did, and eat a recession or two in order to get inflation under control.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So… pretty much businesses raising prices because they can. Sounds about right.

You evidently work for the Biden administration.

Businesses are raising prices because THEIR costs have increased substantially.

I am a small business owner and cost of me doing business has increased about 8% year or year. unfortunately the increase has to be passed on to the consumer and then it comes back to the employers of the consumers to increase wages. It is a never ending battle. This is purely bad policy of this administration, someone remind Powel nothing is transitory except your job.

What you describe sounds like a "wage-price spiral", which is very difficult to get out of.

Glad someone was smart enough to catch my drift. Yes this is a major issue because once the economy cools down, the pink slips will go out because the employees are no longer worth what they are getting paid. We are at critical moment in the economy and I don't think the fed knows what to do. They have no credibility, they messed it up last year, what makes anyone think they will get it right this year.

I think there are three issues that can cause major financial downturns: bond market, equity market and real estate. ALL THREE are in shambles right now and this has never happened during any of the previous crashes. If the stars align, this downturn could be on epic proportions.

Yup, the ECI that was just reported was the highest in history. CPI is lagging. I'd pay much more attention to PPI, ECI and other wage-labor data like productivity etc. It's becoming increasingly clear we are caught in a wage price spiral, which is the Fed's worst nightmare. They need to nuke this problem from orbit before it gets out of hand, and go full Volcker. A bad recession will be a required dose of medicine.

Can you elaborate on the “nuke” and “full Volcker”? I’m not anywhere near being an economist.

It means do what Volcker did when the Reagan administration had 13-15 percent inflation after Carter. They did NOT keep stimulating the economy with super low rates and free checks to everyone. They raised rates. The cost of money needs to go up and the free flow of cash from the government needs to stop. NO more covid related stimulus or anything else (such as loan forgiveness). Too much money flowing around. Need to stop it now.

[Anonymous]

Anonymous wrote:

Anonymous wrote:So… pretty much businesses raising prices because they can. Sounds about right.

You evidently work for the Biden administration.

Businesses are raising prices because THEIR costs have increased substantially.

And they have record profits? Help me with that math.