They did “something”… caused suicides, depression, & other difficulties for our youth. Compounded by the other restrictions that did not stop covid.
So what’s this I hear about inflation…7.5 over last year?
Yeah, it’s why I tell people to enjoy this while you can.
Once that 20 ton hammer starts getting to work, you all are going to feel some real pain.
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For the poor, it’s around 18%. Food, clothing, gas, & other essentials are way up.
The GDP is the result of inflation, not better economics. It also will push many into higher tax brackets, so they will pay more there too.
What’s this I see…inflation 9.7 percent?
Unless it is in your head… where are you seeing it?
Inflation, under control for four decades, re-emerged as an economic issue last year as the United States rebounded with unexpected speed from 2020′s short but devastating coronavirus recession. Caught off guard by the bounce-back, companies scrambled to find supplies and workers to meet an unexpected surge in orders from customers flush with government relief checks. Factories, ports and freight yards came under strain. Shipments were delayed and prices began to rise.
Roughly four out of five companies surveyed by the Richmond
Federal Reserve reported hiking up prices for consumers to cover “at least some” of the input costs they were experiencing.But those same execs have been a bit more discreet — apart from their quarterly earnings calls — about celebrating the record profit margins they’ve been able to achieve by not only passing costs on to customers, but by charging even more.
More than half of the companies surveyed by the small business services reviews website Digital.com reported raising prices beyond what was required to offset rising input costs.
Greed is good…?
And another golden oldie may drop as well.
Remember the mortgage crisis of 2007? Ah, the memories.
Enjoy this while you can.
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update.
bideneconomics is working
morgan stanley like it.
“President Joe Biden’s economic policies drove an unexpected economic surge that has forced Morgan Stanley to make a “sizable upward revision” in its GDP forecasts”
all you recession chicken littles might want to revise your thoughts.
Allan
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Brandon’s Beta Boys are playing a shell game for the election.
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By the way, inflation is not “down”, the rate of increase has slowed.
That means that the inflation is baked in.
Slowing the rate of increase is good, but it’s not “inflation down.”
Propping up the economic metrics with government spending/printing? Tsk, tsk.
Like the drunken slut who thinks she still has money because she still has checks.
of course its down. was 8%, now 3%. 3 being less than 8.
down. its not deflation, still inflation. prices are going up just not as severely as before.
bideneconomics is working
i understand your angst.
full employment, lower inflation, growing economy.
just terrible for the united states
Allan
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That is the rate of increase. Prices are not down.
Using government spending to do it is not sustainable.
i said that, not deflation (which you dont want)
Allan
Did you?
8+3=11
Not 5.
I don’t want the price of milk and diapers to go down? Why not?
The tongue is black as night at this point, and there’s no cleaning the teeth.
The child has been left behind.
8x3 equals 24 now
8x8 equals 64 without biden spending.
what part of the word down dont you get.
id rather pay 24 rather than 64.
and if prices went down for any length of time that would be bad.
why? not enough money in circulation.
See 1929-1939 for edification.
Allan
EVERY US President has the advantage of having the world’s largest economy (by far) along with the best companies in the world, and millions of people with driven entrepreneurial spirit. Outside of very deleterious economic policies the US economy is going to be overwhelming driven by the three factors I just mentioned no matter who is president.
Hog wash.
