Anonymous wrote:

Anonymous wrote:

jsteele wrote:Before anyone panics, take a look at the release:

https://www.bls.gov/news.release/pdf/cpi.pdf

In particular, look at the chart at the bottom of page one. While inflation is increasing, it is trending down.

In October it was 0.9, in November it as 0.8, and in December it was 0.5. If this trend continues, we will get down to normal levels in a couple of months.

Lol, again with the terrible takes Here is your prediction from this thread on 12/30 at 21:51 that the CPI print would go *down* this month from the 6.8% reading last month:

"Gas prices have gone down so inflation will likely be lower."

Instead, it went up, which was obvious because the monthly CPI print of 0.2% from December 2020 was virtually certain to be replaced by a December 2021 number that was higher than 0.2%. (Indeed, not a single monthly print in all of 2021 came in as low as 0.2%.)

If you were just a Democrat hack, it would be one thing. Unfortunately, like all leftists, you also buy into the censoring and totalitarian worldview so you make this site far less valuable that it could be.

We have not had any inflation in 30 years. I’m guessing most of you were not adults during the Reagan administration. I got out of college into a terrible economy and had two crummy jobs for a year and a half until I got a career position. I knew several college graduates who enlisted in the military just to have a job. I managed to buy a house at 24 when mortgage rates were 17%. I got a mortgage through VHDA as low income for 10.42%. No one ever mentions St Reagan’s terrible inflation. Right now we have the best job market in forty years. At $81k right out of college my kid can afford to pay 6% more for food. Gas was $1.10 per gallon when I earned $18 k per year. Thanks Ron.

Anonymous wrote:I dont think Biden or his administration can meaningfully change the inflation trajectory unless its stopping fiscal spending. Biden seems to have no backbone to tell the progressive wing of his party no and lets Sinema/Manchin take the blame. All this stuff about jawboning OPEC and vilifying meat packers is all political theatre.

The only think that's going to break this is if the fed raises rates hard ala Volker. Off course the economy is going to slow with increased unemployment by the midterms and the Democrats are going to get even pounded

Anonymous wrote:

jsteele wrote:Before anyone panics, take a look at the release:

https://www.bls.gov/news.release/pdf/cpi.pdf

In particular, look at the chart at the bottom of page one. While inflation is increasing, it is trending down.

In October it was 0.9, in November it as 0.8, and in December it was 0.5. If this trend continues, we will get down to normal levels in a couple of months.

Lol, again with the terrible takes Here is your prediction from this thread on 12/30 at 21:51 that the CPI print would go *down* this month from the 6.8% reading last month:

"Gas prices have gone down so inflation will likely be lower."

Instead, it went up, which was obvious because the monthly CPI print of 0.2% from December 2020 was virtually certain to be replaced by a December 2021 number that was higher than 0.2%. (Indeed, not a single monthly print in all of 2021 came in as low as 0.2%.)

If you were just a Democrat hack, it would be one thing. Unfortunately, like all leftists, you also buy into the censoring and totalitarian worldview so you make this site far less valuable that it could be.

Anonymous wrote:

Anonymous wrote:

jsteele wrote:Before anyone panics, take a look at the release:

https://www.bls.gov/news.release/pdf/cpi.pdf

In particular, look at the chart at the bottom of page one. While inflation is increasing, it is trending down.

In October it was 0.9, in November it as 0.8, and in December it was 0.5. If this trend continues, we will get down to normal levels in a couple of months.

Lol, again with the terrible takes Here is your prediction from this thread on 12/30 at 21:51 that the CPI print would go *down* this month from the 6.8% reading last month:

"Gas prices have gone down so inflation will likely be lower."

Instead, it went up, which was obvious because the monthly CPI print of 0.2% from December 2020 was virtually certain to be replaced by a December 2021 number that was higher than 0.2%. (Indeed, not a single monthly print in all of 2021 came in as low as 0.2%.)

If you were just a Democrat hack, it would be one thing. Unfortunately, like all leftists, you also buy into the censoring and totalitarian worldview so you make this site far less valuable that it could be.

We have not had any inflation in 30 years. I’m guessing most of you were not adults during the Reagan administration. I got out of college into a terrible economy and had two crummy jobs for a year and a half until I got a career position. I knew several college graduates who enlisted in the military just to have a job. I managed to buy a house at 24 when mortgage rates were 17%. I got a mortgage through VHDA as low income for 10.42%. No one ever mentions St Reagan’s terrible inflation. Right now we have the best job market in forty years. At $81k right out of college my kid can afford to pay 6% more for food. Gas was $1.10 per gallon when I earned $18 k per year. Thanks Ron.

Anonymous wrote:

Anonymous wrote:

jsteele wrote:Before anyone panics, take a look at the release:

https://www.bls.gov/news.release/pdf/cpi.pdf

In particular, look at the chart at the bottom of page one. While inflation is increasing, it is trending down.

In October it was 0.9, in November it as 0.8, and in December it was 0.5. If this trend continues, we will get down to normal levels in a couple of months.

Lol, again with the terrible takes Here is your prediction from this thread on 12/30 at 21:51 that the CPI print would go *down* this month from the 6.8% reading last month:

"Gas prices have gone down so inflation will likely be lower."

Instead, it went up, which was obvious because the monthly CPI print of 0.2% from December 2020 was virtually certain to be replaced by a December 2021 number that was higher than 0.2%. (Indeed, not a single monthly print in all of 2021 came in as low as 0.2%.)

If you were just a Democrat hack, it would be one thing. Unfortunately, like all leftists, you also buy into the censoring and totalitarian worldview so you make this site far less valuable that it could be.

We have not had any inflation in 30 years. I’m guessing most of you were not adults during the Reagan administration. I got out of college into a terrible economy and had two crummy jobs for a year and a half until I got a career position. I knew several college graduates who enlisted in the military just to have a job. I managed to buy a house at 24 when mortgage rates were 17%. I got a mortgage through VHDA as low income for 10.42%. No one ever mentions St Reagan’s terrible inflation. Right now we have the best job market in forty years. At $81k right out of college my kid can afford to pay 6% more for food. Gas was $1.10 per gallon when I earned $18 k per year. Thanks Ron.

Anonymous wrote:

jsteele wrote:Before anyone panics, take a look at the release:

https://www.bls.gov/news.release/pdf/cpi.pdf

In particular, look at the chart at the bottom of page one. While inflation is increasing, it is trending down.

In October it was 0.9, in November it as 0.8, and in December it was 0.5. If this trend continues, we will get down to normal levels in a couple of months.

Lol, again with the terrible takes Here is your prediction from this thread on 12/30 at 21:51 that the CPI print would go *down* this month from the 6.8% reading last month:

"Gas prices have gone down so inflation will likely be lower."

Instead, it went up, which was obvious because the monthly CPI print of 0.2% from December 2020 was virtually certain to be replaced by a December 2021 number that was higher than 0.2%. (Indeed, not a single monthly print in all of 2021 came in as low as 0.2%.)

If you were just a Democrat hack, it would be one thing. Unfortunately, like all leftists, you also buy into the censoring and totalitarian worldview so you make this site far less valuable that it could be.

jsteele wrote:Before anyone panics, take a look at the release:

https://www.bls.gov/news.release/pdf/cpi.pdf

In particular, look at the chart at the bottom of page one. While inflation is increasing, it is trending down.

In October it was 0.9, in November it as 0.8, and in December it was 0.5. If this trend continues, we will get down to normal levels in a couple of months.

Anonymous wrote:This is so embarrassing - he doesn't have an answer. "So the supply chain is the reason for the inflation?" Neese: "mumbles mumbles mumbles"

Reporter 2: "Are you doing anything to help people afford food?"

Neese: "Umm we did...the expired CTC and we want BBB!" Which doesn't help more than 65% of Americans.

Anonymous wrote:I dont think Biden or his administration can meaningfully change the inflation trajectory unless its stopping fiscal spending. Biden seems to have no backbone to tell the progressive wing of his party no and lets Sinema/Manchin take the blame. All this stuff about jawboning OPEC and vilifying meat packers is all political theatre.

The only think that's going to break this is if the fed raises rates hard ala Volker. Off course the economy is going to slow with increased unemployment by the midterms and the Democrats are going to get even pounded

Anonymous wrote:This is what happens when you let Democrats run the ship.

Yes Covid disruptions is a big contributor but giving people tons of untargeted funds via 1.9 trillion covid stimulus bill, rent/student loan morartoriums and expanded unemployment is all on the democratic party.