Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Oh, please! Blaming Boomers now.

Five causes of inflation are the following:
increased government spending.
increased money supply.
increase in production costs.
increase in aggregate demand.
workers bargaining for higher nominal wages.

Cause #1: always simple-minded and now senile boomers needing to convince themselves that the ‘threats’ of yesteryears’ are still real.

Why do you hold your fellow citizens in such contempt?
It is not a good look.

I hold people in contempt who make a point of slavish loyalty to evil and that includes your lot of inflation simpletons. The issues in consumer prices are almost entirely about bad consolidation (aka crappy regulation) leading to monopoly pricing power. This is easy to understand, since the generalized price level changes look very different than those in these industries where prices have gone parabolic.

Consumer prices leapt up, while corporate profits skyrocketed. Connect the dots and it points to profiteering. Corporates gleefully went on that ride, driving inflation higher and higher.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Jerome Powell was an absolute dove under Trump and did nothing but print free money all the live long day and the second Biden is in he’s raising rates like an addict at a slots machine. Biden should NEVER have kept him in place, he has an agenda to prop up Republicans and it’s working.

No, not the second Biden is in.
He actually waited too long.
Inflation wasn't an issue under Trump. It is a huge issue under Biden.
#FACTS

It wasn't an issue under trump because the economy was in tatters, unemployment skyrocketed and the supply chains ground to a halt, but sure, it was otherwise great.

Do you not remember 2020 at all?

DP. No, economists have the the attention span of gnats and worse memory than squirrels, who can't remember where they put any of their acorns.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Oh, please! Blaming Boomers now.

Five causes of inflation are the following:
increased government spending. to get out from under the Trump pandemic
increased money supply. because of the artificially low interest rates and unfunded tax cuts
increase in production costs. because of supply chain issues related to trump's mismanagement of the pandemic
increase in aggregate demand. because the economy being restored under Biden
workers bargaining for higher nominal wages. because of the tight labor market due to decreased immigration under Trump

Yup, all of your factors are correct, but your attributions are way off.

LOL.
Find a way to blame the other guy. The mantra of this inept and corrupt administration.

If you look at each of the reasons you cite, the root causes are, in fact, per the bolded. You are suggesting that increase in aggregate demand is a bad thing, but f course it isn't, particularly when rebounding from the malaise from the pandemic, as per one example. And the workers bargaining for nominal wages, again is a result of the rebound from the pandemic. It became clear who the essential workers were/are, and their wages went up. Please dispute the bolded in terms of root causes. You can't, at least not truthfully.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Oh, please! Blaming Boomers now.

Five causes of inflation are the following:
increased government spending.
increased money supply.
increase in production costs.
increase in aggregate demand.
workers bargaining for higher nominal wages.

Cause #1: always simple-minded and now senile boomers needing to convince themselves that the ‘threats’ of yesteryears’ are still real.

Why do you hold your fellow citizens in such contempt?
It is not a good look.

I hold people in contempt who make a point of slavish loyalty to evil and that includes your lot of inflation simpletons. The issues in consumer prices are almost entirely about bad consolidation (aka crappy regulation) leading to monopoly pricing power. This is easy to understand, since the generalized price level changes look very different than those in these industries where prices have gone parabolic.

Anonymous wrote:

Anonymous wrote:Oh, please! Blaming Boomers now.

Five causes of inflation are the following:
increased government spending. to get out from under the Trump pandemic
increased money supply. because of the artificially low interest rates and unfunded tax cuts
increase in production costs. because of supply chain issues related to trump's mismanagement of the pandemic
increase in aggregate demand. because the economy being restored under Biden
workers bargaining for higher nominal wages. because of the tight labor market due to decreased immigration under Trump

Yup, all of your factors are correct, but your attributions are way off.

LOL.
Find a way to blame the other guy. The mantra of this inept and corrupt administration.

Anonymous wrote:

Anonymous wrote:Oh, please! Blaming Boomers now.

Five causes of inflation are the following:
increased government spending.
increased money supply.
increase in production costs.
increase in aggregate demand.
workers bargaining for higher nominal wages.

Cause #1: always simple-minded and now senile boomers needing to convince themselves that the ‘threats’ of yesteryears’ are still real.

Why do you hold your fellow citizens in such contempt?
It is not a good look.

Anonymous wrote:Oh, please! Blaming Boomers now.

Five causes of inflation are the following:
increased government spending. to get out from under the Trump pandemic
increased money supply. because of the artificially low interest rates and unfunded tax cuts
increase in production costs. because of supply chain issues related to trump's mismanagement of the pandemic
increase in aggregate demand. because the economy being restored under Biden
workers bargaining for higher nominal wages. because of the tight labor market due to decreased immigration under Trump

Yup, all of your factors are correct, but your attributions are way off.

Anonymous wrote:

Anonymous wrote:Jerome Powell was an absolute dove under Trump and did nothing but print free money all the live long day and the second Biden is in he’s raising rates like an addict at a slots machine. Biden should NEVER have kept him in place, he has an agenda to prop up Republicans and it’s working.

No, not the second Biden is in.
He actually waited too long.
Inflation wasn't an issue under Trump. It is a huge issue under Biden.
#FACTS

It wasn't an issue under trump because the economy was in tatters, unemployment skyrocketed and the supply chains ground to a halt, but sure, it was otherwise great.

Do you not remember 2020 at all?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:lol. what a total disaster. so basically today the feds announced that the $250k limit doesn't actually exist and the entirety of monies on deposit in the US are guaranteed by the feds.

Biden is an idiot for allowing this. If the GOP was not an insane party right now I would not vote for Biden again.

No, other banks bailed out the depositors, not taxpayers. As it should be. Maybe they'll all take risk a little more seriously.

I'm just an average American who doesn't really understand what's happening. Please help me understand. The $250k limit doesn't apply; all deposits are covered. Who is covering the amounts over $250K? And why shouldn't I feel like it's a "bailout" that protects rich bank execs?

The money is coming from other banks and from the proceeds of the auction...this in total is a very shrewd move by the administraton. Secure the depositors but screw the bond holders. The overall negative impact will be minimal.

Anonymous wrote:Oh, please! Blaming Boomers now.

Five causes of inflation are the following:
increased government spending.
increased money supply.
increase in production costs.
increase in aggregate demand.
workers bargaining for higher nominal wages.

Cause #1: always simple-minded and now senile boomers needing to convince themselves that the ‘threats’ of yesteryears’ are still real.

Anonymous wrote:

Anonymous wrote:Jerome Powell was an absolute dove under Trump and did nothing but print free money all the live long day and the second Biden is in he’s raising rates like an addict at a slots machine. Biden should NEVER have kept him in place, he has an agenda to prop up Republicans and it’s working.

No, not the second Biden is in.
He actually waited too long.
Inflation wasn't an issue under Trump. It is a huge issue under Biden.
#FACTS

This event has nothing to do with politics. This bank for its size has an alarmingly narrow depositor base concentrated on starts ups and entities funded by VC’s. As the VC market has declined, along with proceeds from new issuances, SVB lost demand deposits to the tune of 40 percent. A lot of their money was tied up in long term bonds diminished in value due to the recent rise in interest rates. The bank was squeezed, and once word got out, the depositors, who tend to all know each other (again, a narrow deposit base) all rushed to the exits. The bank could have held liquid assets such as T-bills, but of course at a cost to their margins. Such is the price of safety. In hindsight, the bank should have paid that price.

I note Fox News in some clumsy way tried to connect the fall of the bank to the bank’s emphasis on DEI programs. While the value of DEI programs can be questioned, DEI programs have nothing to do with this collapse. It is due to poor treasury management. The bank does have a reputation of banking start up entities which would otherwise be unbanked- the reason Paul Krugman referred to them as Schmooze and Vibe - and it difficult to discern what impact their decisions over credit quality affected this mess. But the main peril here is having a depositor base focused on a single industry - and one which generates demand deposits from new issuances of start up cash as opposed to from operating funds.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How many bank failures under the other guy?

He rolled back Dodd-Frank. Can we blame him for this one?

Hyper-credulous DCUM partisan Democrats:
while the GOP probably does suck more on FINREG (and basically anything else), the Democrats also suck, they just suck a little bit less. We have these blowups where the private players most favored by the government get helped out *because* the capture is deeply bipartisan. Lessons from 2008 (or 2016!) are studiously avoided!

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Jerome Powell was an absolute dove under Trump and did nothing but print free money all the live long day and the second Biden is in he’s raising rates like an addict at a slots machine. Biden should NEVER have kept him in place, he has an agenda to prop up Republicans and it’s working.

No, not the second Biden is in.
He actually waited too long.
Inflation wasn't an issue under Trump. It is a huge issue under Biden.
#FACTS

Inflation is a global issue in the post pandemic era, which is coinciding with the massive exit of the Boomers from the work force.

I know you want to deflect responsibility away from Joe and his inept administration. But we know better.

Remember Obama's words..... "Don't underestimate Joe's ability to fck things up."

Oh, please! Blaming Boomers now.

Five causes of inflation are the following:
increased government spending.
increased money supply.
increase in production costs.
increase in aggregate demand.
workers bargaining for higher nominal wages.

Anonymous wrote:

Anonymous wrote:Jerome Powell was an absolute dove under Trump and did nothing but print free money all the live long day and the second Biden is in he’s raising rates like an addict at a slots machine. Biden should NEVER have kept him in place, he has an agenda to prop up Republicans and it’s working.

No, not the second Biden is in.
He actually waited too long.
Inflation wasn't an issue under Trump. It is a huge issue under Biden.
#FACTS

Inflation is a global issue in the post pandemic era, which is coinciding with the massive exit of the Boomers from the work force.