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

[Anonymous]

Now that the average American is starting to see wage growth, you complain about inflation. We cannot have a permanent underclass for service jobs. The conservative still want wage slaves.

[Anonymous]

Anonymous wrote:

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.

That is the point, lol.

[Anonymous]

Anonymous wrote:Now that the average American is starting to see wage growth, you complain about inflation. We cannot have a permanent underclass for service jobs. The conservative still want wage slaves.

Inflation is outpacing any wage gains. I'm not sure why some people have difficulty grasping this. IT's been said over and over again. Inflation is now outpacing wage gains.

The class most badly affected by inflation are the working classes. Rents go up, food costs go up, but salaries can't keep up.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

Woke warriors who don’t understand basic macro economics are cute.

[Anonymous]

Anonymous wrote:Now that the average American is starting to see wage growth, you complain about inflation. We cannot have a permanent underclass for service jobs. The conservative still want wage slaves.

"The conservative"

its actually the wealthy class.

Let's not forget liberals only caring about undocumented workers because they get to exploit their labor.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Now that the average American is starting to see wage growth, you complain about inflation. We cannot have a permanent underclass for service jobs. The conservative still want wage slaves.

"The conservative"

its actually the wealthy class.

Let's not forget liberals only caring about undocumented workers because they get to exploit their labor.

Which party again is it that has blocked immigration reform for years, including fines for companies that exploit that labor?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

Woke warriors who don’t understand basic macro economics are cute.

Braindead conservatives who hurl half-baked insults they heard on Tucker Carlson while not realizing that imacroeconomics is one word are decidedly not cute.

[Anonymous]

Core PPI up 7.7% from last year. It's getting worse, not better.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Now that the average American is starting to see wage growth, you complain about inflation. We cannot have a permanent underclass for service jobs. The conservative still want wage slaves.

"The conservative"

its actually the wealthy class.

Let's not forget liberals only caring about undocumented workers because they get to exploit their labor.

Which party again is it that has blocked immigration reform for years, including fines for companies that exploit that labor?

Republicans don’t care about reality, they just puke out talking points.

[Anonymous]

Anonymous wrote:Core PPI up 7.7% from last year. It's getting worse, not better.

All the Democrats running around shrieking that at least it's not as bad as having Trump as president may very well discover Trump is going to be president again, because, yes, things were better under Trump

It's not an outcome I want - at all - but if the perception is the Democrats unleashed rapid inflation Trump is going to ride it all the way to the White House. That is why all you Democrats need to be very, very, VERY worried about inflation and screaming at Joe Biden to get his act together and cancel his next $2T spending bill and raise interest rates, rather than screaming on DCUM 'but but but Trump!'

[Anonymous]

Anonymous wrote:Now that the average American is starting to see wage growth, you complain about inflation. We cannot have a permanent underclass for service jobs. The conservative still want wage slaves.

Inflation is not an easy beast to play with like that. Most already employed workers will only see 2% - 3% pay increases this year as employers try to hold the line. Even for the lower end workers re-entering to big percentage pay increases - they are facing runaway rental and housing inflation which is making it difficult to get on the first rungs of the housing ladder.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Now that the average American is starting to see wage growth, you complain about inflation. We cannot have a permanent underclass for service jobs. The conservative still want wage slaves.

Inflation is not an easy beast to play with like that. Most already employed workers will only see 2% - 3% pay increases this year as employers try to hold the line. Even for the lower end workers re-entering to big percentage pay increases - they are facing runaway rental and housing inflation which is making it difficult to get on the first rungs of the housing ladder.

Exactly. Forget about Amazon's signing bonus for delivery drivers. Most working people are going to get 2-3% increases. I got a 3% increase for 2021 but inflation hitting 7% means my income effectively declined. And the company is planning another 2-3% increase for '22 but if we have another 7-8 or even higher % inflation in '22, that represents two years of notable buying power declines compared to where we were in 2019. And this is most employers. The Fed is also only giving its employees a 2.5% annual increase for 2022, which will largely set the pattern for most employers.

Inflation is a vicious cycle that is always very difficult to bring under control without serious pain.

[Anonymous]

Today's inflation numbers are BAD.

The FED is way, wayyyyyy behind. Biden's economy is going to crater when JPowell has to do multiple rounds of interest rate hikes.

[Anonymous]

Anonymous wrote:Today's inflation numbers are BAD.

The FED is way, wayyyyyy behind. Biden's economy is going to crater when JPowell has to do multiple rounds of interest rate hikes.

But we're still spending like there's no tomorrow and raised the debt ceiling just this week?

[Anonymous]

It shouldn't. Look at the mess the child tax credits have already done in the six months of implementation from July 2021.