Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’d call this the best indicator yet of a surging economy. People have way more money, they’re spending like crazy, and goods can’t be kept in stock.

These are very good times.

That's exactly why there's inflation clown..too .much money in the system causing inflation.

Maybe you missed the news, but real earnings for workers are now negative and are going down because of inflation. This is terrible.

DP

That’s why we need a livable minimum wage or a UBI. It would keep those people in a comfort zone where inflation is less of a factor. Think about it - what if everyone could be guaranteed a minimum income of $80k or so? That would totally eliminate all poverty overnight. There’s plenty of money out there - it’s just that too few people have too much of it. Spread it around, I say.

Someone has never taken basic economics 101. All UBI would do at this point is worsen inflation. It makes savings worthless and will ruin everyone's entire life's savings. It will obliterate people on fixed incomes. When inflation becomes out of control, lenders will also stop lending money because no one will lend money for losses in real terms. The entire economy gets sent back to the stone age.

So democrats' solution to combat inflation is to give people MORE money? Absolute Insanity.

Anonymous wrote:

Anonymous wrote:I’d call this the best indicator yet of a surging economy. People have way more money, they’re spending like crazy, and goods can’t be kept in stock.

These are very good times.

Yeah okay you ride that amazing economy all the way to terrible losses at midterms. Btw have you seen the stock market lately?

My portfolio is on fire. I’m up 19% just for ‘22 so far.

Sounds like you’re an idiot. Everyone I know is making money like crazy.

Anonymous wrote:

Anonymous wrote:Classic Stagflation is in place yet many on this board ignored and chastised anyone who brought this up last fall. This is worse than 1979 and I anticipate double digit numbers by the end of the summer.

It’s not stagflation. You don’t know what stagflation is.

My Masters in Economics from Stanford says otherwise.

When the 2 year treasury yield exceeds the 10 year treasury, it signals a recession is coming. This is called an inverted yield curve and today we are within 10bps.

Anonymous wrote:Classic Stagflation is in place yet many on this board ignored and chastised anyone who brought this up last fall. This is worse than 1979 and I anticipate double digit numbers by the end of the summer.

It’s not stagflation. You don’t know what stagflation is.

Anonymous wrote:I’d call this the best indicator yet of a surging economy. People have way more money, they’re spending like crazy, and goods can’t be kept in stock.

These are very good times.

Yeah okay you ride that amazing economy all the way to terrible losses at midterms. Btw have you seen the stock market lately?

Anonymous wrote:

Anonymous wrote:I’d call this the best indicator yet of a surging economy. People have way more money, they’re spending like crazy, and goods can’t be kept in stock.

These are very good times.

That's exactly why there's inflation clown..too .much money in the system causing inflation.

Maybe you missed the news, but real earnings for workers are now negative and are going down because of inflation. This is terrible.

DP

That’s why we need a livable minimum wage or a UBI. It would keep those people in a comfort zone where inflation is less of a factor. Think about it - what if everyone could be guaranteed a minimum income of $80k or so? That would totally eliminate all poverty overnight. There’s plenty of money out there - it’s just that too few people have too much of it. Spread it around, I say.

Biden is bad for America.

Classic Stagflation is in place yet many on this board ignored and chastised anyone who brought this up last fall. This is worse than 1979 and I anticipate double digit numbers by the end of the summer.

Anonymous wrote:

Anonymous wrote:I’d call this the best indicator yet of a surging economy. People have way more money, they’re spending like crazy, and goods can’t be kept in stock.

These are very good times.

That's exactly why there's inflation clown..too .much money in the system causing inflation.

Maybe you missed the news, but real earnings for workers are now negative and are going down because of inflation. This is terrible.

Yes it will level off. We are going the a seismic shift in the economy due to a variety of factors: labor crunch, pandemic, supply chain issues, aging global population, etc.

Anonymous wrote:I’d call this the best indicator yet of a surging economy. People have way more money, they’re spending like crazy, and goods can’t be kept in stock.

These are very good times.

That's exactly why there's inflation clown..too .much money in the system causing inflation.

Maybe you missed the news, but real earnings for workers are now negative and are going down because of inflation. This is terrible.

I’d call this the best indicator yet of a surging economy. People have way more money, they’re spending like crazy, and goods can’t be kept in stock.

These are very good times.

Horrible. The idea that inflation has peaked is just as terrible as the idea that inflation is transitory was. It might even go higher next month unless the Fed starts doing its job and brings down the hammer. It will cause a recession.

People are still spending. There’s a lot of pent up demand following the pandemic. The world is also deblobalizing. Once that gets sorted out it will improve. But we aren’t going back to 2019. We don’t have that society anymore.

Higher than anticipated and didn't peak in April. Not good for this administration.