Reply to U.S. Annual Inflation rose to 6.8% in November

Forum Index » Political Discussion

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

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Come on, people, this is Econ 101. [b]We are coming out of an economic shutdown.[/b] 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. [/quote]

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 [u]entire[/u] country?

[img]https://pbs.twimg.com/media/FGQIe89XsAYq9sO?format=jpg&name=medium[/img][/quote]
Can you not read or did you just not bother to read the post you quoted?[/quote]

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

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics