red viking Posted March 22 Posted March 22 Markets blasting through to new territory. Soaring like an eagle, the symbol of our great nation.
ionel Posted March 22 Posted March 22 (edited) 3 hours ago, red viking said: Markets blasting through to new territory. Soaring like an eagle, the symbol of our great nation. New record in nominal or real dollars? You are aware of inflation correct? Edited March 22 by ionel 1 2BPE 11/17/24 SMC
Wrestleknownothing Posted March 22 Posted March 22 (edited) 1 hour ago, ionel said: New record in nominal or real dollars? You are aware of inflation correct? nominal. near record real. Edited March 22 by Wrestleknownothing Drowning in data, but thirsting for knowledge
JimmyBT Posted March 22 Posted March 22 Consumer price inflation rose 19.6% between Jan 2020 and Jan 2024. Thanks Bidenflation! 1
timmcnaughton3294 Posted March 22 Posted March 22 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 Posted March 22 Posted March 22 So 25% of that could be attributed to someone else.
JimmyBT Posted March 22 Posted March 22 (edited) 6 minutes ago, 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 It’s a % over years sooooooooooo Edited March 22 by JimmyBT
JimmyBT Posted March 22 Posted March 22 16 minutes ago, 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 Total Inflation Trump 1.9% Biden 5.7%
red viking Posted March 22 Author Posted March 22 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 Posted March 23 Posted March 23 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
headshuck Posted March 23 Posted March 23 You can’t deny Biden was overzealous on reversing policy. Make a list starting with borders and Afghanistan. 2
red viking Posted March 23 Author Posted March 23 12 hours ago, JimmyBT said: Again. Inflation. Trump 1.9% Bidenfaltion 5.7% As a result of Fat Donnys money printing press.
JimmyBT Posted March 23 Posted March 23 6 hours ago, red viking said: As a result of Fat Donnys money printing press. Bidenflation is all on mush brain biden. .
JimmyBT Posted March 23 Posted March 23 17 hours ago, headshuck said: You can’t deny Biden was overzealous on reversing policy. Make a list starting with borders and Afghanistan. Biden has set this country back years. The world laughs at him.
VakAttack Posted March 23 Posted March 23 I don't think president necessarily deserve credit or blame for things like this (or gas prices) but it is hilarious.
JimmyBT Posted March 24 Posted March 24 Because the policies of the leader of the largest economy on the planet don’t matter. That is hilarious.
red viking Posted March 24 Author Posted March 24 10 minutes ago, JimmyBT said: Because the policies of the leader of the largest economy on the planet don’t matter. You don't think it matters that congress is dominated by wingers?
JimmyBT Posted March 24 Posted March 24 Yep it is. For Bidens first two years it was all about left wingers. See the squad.
red viking Posted March 24 Author Posted March 24 31 minutes ago, JimmyBT said: Yep it is. For Bidens first two years it was all about left wingers. See the squad. That makes sense since money supply growth was higher at beginning of Bidens reign.
VakAttack Posted March 24 Posted March 24 3 hours ago, JimmyBT said: Because the policies of the leader of the largest economy on the planet don’t matter. That is hilarious. I didn't say they don't matter.
JimmyBT Posted March 24 Posted March 24 So they can and do have an impact on things like the economy, inflation and interest rates
red viking Posted March 24 Author Posted March 24 14 hours ago, JimmyBT said: That’s what makes Bidenflation so amazing 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.
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