Anonymous wrote:Which is worse - ignoring our deteriorating economy or focusing on 1/6?

Anonymous wrote:

Anonymous wrote:

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.

Blah blah blah blah… racist boomer talking-points.

Go away, oldster.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It has nothing to do with the money supply. It is all about energy prices that the U.S. does not control. The inflation in food and everything else is the secondary impact of energy prices in those sectors.

Yeah sure, because a $9,000,000,000,000 Fed balance sheet has no effect on inflation when it was only $100,000,000,000 before only a few years ago.

Democrats are absolutely delusional. They'll never admit the govt is the root cause of the problem. Multiple trillion dollar stimulus hand outs combined with a massive explosion of the Fed balancesheet to $9T? What could possibly go wrong?

Yet all the Dems want to do now is hand out more money. Dumbest leadership of all time.

Look at facts in the economy. Look at the COI details. The inflation is almost all driven by global energy prices.

Anonymous wrote:

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.

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.

Bullsh*t.

The facts of the market speak otherwise. There is no breadth to the market and nearly everything is down. The only way you're making 19% is if you took on bearish positions betting against the economy.

Anonymous wrote:

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:It has nothing to do with the money supply. It is all about energy prices that the U.S. does not control. The inflation in food and everything else is the secondary impact of energy prices in those sectors.

Yeah sure, because a $9,000,000,000,000 Fed balance sheet has no effect on inflation when it was only $100,000,000,000 before only a few years ago.

Democrats are absolutely delusional. They'll never admit the govt is the root cause of the problem. Multiple trillion dollar stimulus hand outs combined with a massive explosion of the Fed balancesheet to $9T? What could possibly go wrong?

Yet all the Dems want to do now is hand out more money. Dumbest leadership of all time.

Anonymous wrote:

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.

Anonymous wrote:It has nothing to do with the money supply. It is all about energy prices that the U.S. does not control. The inflation in food and everything else is the secondary impact of energy prices in those sectors.

Anonymous wrote:

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.

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.

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.