Anonymous wrote:The economy is still very good, to anyone who thinks that jobs and profits and growth are relevant.

When most people's incomes are effectively declining, it doesn't matter what the job numbers are or profits are.

We've seen most of the wealth generated in the last two years go to the rich. The middle classes? Not so much. They've lost wealth.

Anonymous wrote:Inflation is the mark of a strong rebound from the disaster left by the Trump administration. It is a global issue that our Fed, led by Trump Appointed Chairman Powell, will try to address.

The BEST way to deal with it is to pass the BBB act that has specific measures in it to deal with inflation. The GOP voted unanimously against it, despite knowing the economic benefits.

Now...who wants to keep inflation up? Biden? Nope. the GOP.

No, inflation at our current levels is not the mark of a strong rebound - a strong rebound would produce a balance of supply and demand, which keeps inflation at moderate levels. The current inflation is caused by an imbalance of supply and demand - namely significantly higher demand than supply due to government transfer payments. Making even more transfer payments as proposed by the BBB would make things even worse.

Anonymous wrote:

Anonymous wrote:January inflation up 7% over last year. Nothing to see here, all is well and the focus is INSURRECTION!

Is inflation up globally, or not? How is Biden responsible for inflation if it is also happening in Canada and Europe? Is the pandemic responsible in any way at all? Is the insurrection not something we should be discussing?

Seems more like you want to score cheap political points rather than have an honest discussion.

You are going to have to draw the line from pandemic to inflation without including unnecessary government transfer payments which have fueled the current increase in demand.

Inflation is the mark of a strong rebound from the disaster left by the Trump administration. It is a global issue that our Fed, led by Trump Appointed Chairman Powell, will try to address.

The BEST way to deal with it is to pass the BBB act that has specific measures in it to deal with inflation. The GOP voted unanimously against it, despite knowing the economic benefits.

Now...who wants to keep inflation up? Biden? Nope. the GOP.

Anonymous wrote:

Anonymous wrote:Biden just keeps breaking records.

Biden is responsible for global inflation caused by supply chain issues?

US is not global.

Also, it's common knowledge that the current inflation is caused by demand increase and not supply shortages relative to near-term years. Production of goods and services has gone up significantly to meet this demand but not enough. Blaming current inflation on supply chain issues is like blaming a pair of pants for becoming too tight when the person got fat from overeating.

Anonymous wrote:Biden just keeps breaking records.

Biden is responsible for global inflation caused by supply chain issues?

Anonymous wrote:January inflation up 7% over last year. Nothing to see here, all is well and the focus is INSURRECTION!

Is inflation up globally, or not? How is Biden responsible for inflation if it is also happening in Canada and Europe? Is the pandemic responsible in any way at all? Is the insurrection not something we should be discussing?

Seems more like you want to score cheap political points rather than have an honest discussion.

The economy is still very good, to anyone who thinks that jobs and profits and growth are relevant.

Biden just keeps breaking records.

January inflation up 7% over last year. Nothing to see here, all is well and the focus is INSURRECTION!

Anonymous wrote:Ironic that a few weeks ago the government announced they are changing how they will measure inflation... they did the same with employment about the same time... wonder why?

https://www.bloomberg.com/news/articles/2022-01-18/u-s-to-change-measure-of-car-inflation-using-j-d-power-data

So just in time for midterms? LOL They aren't slick - they know this high inflation is lasting through at least end of 2022. But hey - its still TRANSITORY.

The BLS will replace its internally collected prices of new cars and trucks with data from J.D. Power, starting with the April consumer-price index that will be released in May. The new gauge will be the first component of the CPI that’s based entirely on transaction data, allowing real-time weighting based on what kind of vehicles consumers are actually choosing.

Ironic that a few weeks ago the government announced they are changing how they will measure inflation... they did the same with employment about the same time... wonder why?

https://www.bloomberg.com/news/articles/2022-01-18/u-s-to-change-measure-of-car-inflation-using-j-d-power-data

Anonymous wrote:I wonder if it’s because something big and unusual happened in the world in 2020, like March time frame.

I wonder why inflation only spiked in summer 2021 after the third consecutive rescue package and the only one to send direct payments to families for a continuous six month basis.

https://www.cbsnews.com/news/biden-inflation-first-year-opinion-poll/

I wonder if it’s because something big and unusual happened in the world in 2020, like March time frame.

Anonymous wrote:The yield curve is starting to rapidly flatten. It is on pace to invert either late this year or in 2023. Recessions almost always follow an inverted yield curve, which would peg the US for a recession around 2023-2024. The yield curve is a very strong warning sign that this business cycle is about to end.

I still remember the huge recession the last time we had an inverted yield curve...in 2019.