Markets Hit New Records: Thank You Biden

[red viking]

Markets blasting through to new territory. Soaring like an eagle, the symbol of our great nation. 

[ionel]

  On 3/22/2024 at 12:07 AM, red viking said:

Markets blasting through to new territory. Soaring like an eagle, the symbol of our great nation. 

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New record in nominal or real dollars? You are aware of inflation correct?

Edited March 22, 2024 by ionel

[Wrestleknownothing]

  On 3/22/2024 at 2:56 AM, ionel said:

New record in nominal or real dollars? You are aware of inflation correct?

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nominal. near record real.

Edited March 22, 2024 by Wrestleknownothing

[Ohio Elite]

I'll take any good news I can get...

[JimmyBT]

Consumer price inflation rose 19.6% between Jan 2020 and Jan 2024.  Thanks Bidenflation! 

[timmcnaughton3294]

  On 3/22/2024 at 12:01 PM, JimmyBT said:

Consumer price inflation rose 19.6% between Jan 2020 and Jan 2024.  Thanks Bidenflation! 

Do you think inflation just happens right away? The start inflation was during the trump presidency. Help stabilize the market by not deflating...

Sent from my SM-A516V using Tapatalk

[ThreePointTakedown]

So 25% of that could be attributed to someone else. 

[JimmyBT]

  On 3/22/2024 at 12:07 PM, timmcnaughton3294 said:

Do you think inflation just happens right away? The start inflation was during the trump presidency. Help stabilize the market by not deflating...

Sent from my SM-A516V using Tapatalk
 

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It’s a % over years sooooooooooo

Edited March 22, 2024 by JimmyBT

[JimmyBT]

  On 3/22/2024 at 12:07 PM, timmcnaughton3294 said:

Do you think inflation just happens right away? The start inflation was during the trump presidency. Help stabilize the market by not deflating...

Sent from my SM-A516V using Tapatalk
 

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Total Inflation

Trump 1.9%

Biden 5.7%

 

 

 

[red viking]

As I said earlier, look at the month-to-month data from the end of Fat Donny's tenure. Inflation was extremely high on Jan 6 transfer to Biden and ramped up to around 9% by March 2021, before Biden had a chance to really do anything. Inflation doesn't happen right away when you print a bunch of money. It takes several months before you really start to notice the effects. Money supply rose most rapidly during Fat Donny's reign:

https://fred.stlouisfed.org/series/M2SL

[JimmyBT]

When you sign a record number of executive orders your first day in office of which many were against big energy youre going to impact pricing.  Oil goes up, transportation costs go up and prices go up.  That’s Bidenflation 

[JimmyBT]

Again. Inflation.  
 

Trump 1.9%

Bidenfaltion 5.7%

[headshuck]

You can’t deny Biden was overzealous on reversing policy. Make a list starting with borders and Afghanistan.

[red viking]

  On 3/23/2024 at 3:13 AM, JimmyBT said:

Again. Inflation.  
 

Trump 1.9%

Bidenfaltion 5.7%

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As a result of Fat Donnys money printing press. 

[JimmyBT]

  On 3/23/2024 at 3:53 PM, red viking said:

As a result of Fat Donnys money printing press. 

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Bidenflation is all on mush brain biden. . 

[JimmyBT]

  On 3/23/2024 at 4:54 AM, headshuck said:

You can’t deny Biden was overzealous on reversing policy. Make a list starting with borders and Afghanistan.

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Biden has set this country back years. The world laughs at him. 

[VakAttack]

I don't think president necessarily deserve credit or blame for things like this (or gas prices) but it is hilarious. 

[JimmyBT]

Because the policies of the leader of the largest economy on the planet don’t matter.  That is hilarious. 

[red viking]

  On 3/24/2024 at 12:09 AM, JimmyBT said:

Because the policies of the leader of the largest economy on the planet don’t matter.  

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You don't think it matters that congress is dominated by wingers?

[JimmyBT]

Yep it is. For Bidens first two years it was all about left wingers. See the squad. 

[red viking]

  On 3/24/2024 at 12:30 AM, JimmyBT said:

Yep it is. For Bidens first two years it was all about left wingers. See the squad. 

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That makes sense since money supply growth was higher at beginning of Bidens reign. 

[JimmyBT]

That’s what makes Bidenflation so amazing 

[VakAttack]

  On 3/24/2024 at 12:09 AM, JimmyBT said:

Because the policies of the leader of the largest economy on the planet don’t matter.  That is hilarious. 

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I didn't say they don't matter.  

[JimmyBT]

So they can and do have an impact on things like the economy, inflation and interest rates 

[red viking]

  On 3/24/2024 at 1:12 AM, JimmyBT said:

That’s what makes Bidenflation so amazing 

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Like I said, Trump got the ball rolling with high inflation. It was 100% inevitable by Jan 6 due to the massive borrowing and hence money supply growth. Biden definitely continued it w his own massive covid spending. 

Anybody that wants to isolate this to one party is delusional with a limited understanding of how economics works.