March 19Mar 19 1 minute ago, jimmyjazz said: Why? That has nothing to do with whether inflation climbed and then dropped. Nobody said we would enter deflation. Because now you're moving the goalposts again. "It's temporary/transitory! Trust me" 3 years later "Maybe it's just prolonged but at least it's coming down a bit!!" "Higher prices don't matter!!! We're not in deflation!" C'mon man.
March 19Mar 19 5 minutes ago, Trey3216 said: Because now you're moving the goalposts again. "It's temporary/transitory! Trust me" 3 years later "Maybe it's just prolonged but at least it's coming down a bit!!" "Higher prices don't matter!!! We're not in deflation!" C'mon man. What the fuck are you babbling about? I certainly never predicted price spikes would recede. I spoke about inflation, and if you think I don't know the definition, think again. Talk about moving the goalposts.
March 19Mar 19 People don’t understand the difference between rate of change of prices and high prices. News at [emoji[emoji638][emoji639][emoji[emoji6[emoji640][emoji638]][emoji640][emoji640]][emoji[emoji6[emoji640][emoji638]][emoji640][emoji6[emoji640][emoji637]]]][emoji[emoji638][emoji639][emoji[emoji6[emoji640][emoji638]][emoji640][emoji640]][emoji[emoji6[emoji640][emoji638]][emoji640][emoji6[emoji640][emoji637]]]].
March 19Mar 19 3 hours ago, Trey3216 said: Now do the compounding effect of years worth of elevated inflation on prices of goods. 3 hours ago, Trey3216 said: Because now you're moving the goalposts again. "It's temporary/transitory! Trust me" 3 years later "Maybe it's just prolonged but at least it's coming down a bit!!" "Higher prices don't matter!!! We're not in deflation!" C'mon man. C’man yourself. The most predictable and widely predicted inflation spike in the history of the developed world, which demonstrated the behavior widely predicted at the inception of the spike- rising and falling in an inverted V shape. In other words, it was transitory. So you are mad at … who? And why? And about what? I feel like this was pretty well covered back in 2023, and the shame of it is that you probably know better, but if you really want to do this, go right ahead. Edited March 19Mar 19 by Bozo_Casanova
March 19Mar 19 3 hours ago, jimmyjazz said: What the fuck are you babbling about? He’s taking a political position, this isn’t about the monetary phenomenon of inflation or the consumer price experience people call inflation.
March 19Mar 19 11 minutes ago, Bozo_Casanova said: He’s taking a political position, this isn’t about the monetary phenomenon of inflation or the consumer price experience people call inflation. I can't decide which is more depressing: the fact that some people don't understand what inflation is, or the fact that others know what it is but pretend that they don't.
March 20Mar 20 7 hours ago, jimmyjazz said: Beyond that, what is the definition of "transitory"? 5 year chart of annual inflation in the US: You should’ve shown the same chart over a longer time period to better illustrate the transience
March 20Mar 20 9 minutes ago, B00M said: You should’ve shown the same chart over a longer time period to better illustrate the transience I'd need a subscription to go out past 10 years, so this is the best I can do:
March 20Mar 20 29 minutes ago, B00M said: You should’ve shown the same chart over a longer time period to better illustrate the transience
March 20Mar 20 CPI Annual percent change (rate of inflation) 2014-2024 2014- 1.6% 2015 - .1% 2016 - 1.3% 2017 - 2.1% 2018 - 2.4% 2019 - 1.8% 2020 - 1.2 % 2021 - 4.7% 2022 - 8% 2023 - 4.1% 2024 - 3.2% https://www.minneapolisfed.org/about-us/monetary-policy/inflation-calculator/consumer-price-index-1913-
March 20Mar 20 59 minutes ago, ChickenSandwich said: CPI Annual percent change (rate of inflation) 2014-2024 2014- 1.6% 2015 - .1% 2016 - 1.3% 2017 - 2.1% 2018 - 2.4% 2019 - 1.8% 2020 - 1.2 % 2021 - 4.7% 2022 - 8% 2023 - 4.1% 2024 - 3.2% https://www.minneapolisfed.org/about-us/monetary-policy/inflation-calculator/consumer-price-index-1913- And?
March 20Mar 20 And?There is no “and.” Not to him.Also…don’t you be so mean as to put the US inflation chart against inflation rates that other nations experienced at the same time. That really ruins the “Biden caused our inflation!” narrative. And it REALLY pisses them off when you show them that the US actually performed BETTER than most every western economy, inflation-wise.Nope. Inflation was caused by Biden, and Trump saved us. Don’t you get it, libtard?
March 20Mar 20 Policy and spending. Inflation reduction act and Infrastructure act increasing the annual deficit to $1.8 Trillion annually Increasing the size of government The 14.6 million net jobs added during the first three years of the Biden Administration is the largest increase for any first three years of a U.S. presidential administration. This represents a 10.3% increase in the number of jobs. smaller economies/and countries who rely heavily on the US economy were hit harder than the US in regards to inflation. Just like poor Americans vs wealthy Americans. Edited March 20Mar 20 by ChickenSandwich
March 20Mar 20 15 hours ago, jimmyjazz said: I can't decide which is more depressing: the fact that some people don't understand what inflation is, or the fact that others know what it is but pretend that they don't. Lol. I know full well what the fuck it is.
March 20Mar 20 7 minutes ago, Trey3216 said: Lol. I know full well what the fuck it is. Then why are you confusing price and rate?
March 20Mar 20 3 hours ago, ChickenSandwich said: The 14.6 million net jobs added during the first three years of the Biden Administration is the largest increase for any first three years of a U.S. presidential administration. Job creation bad is certainly a take. 1 hour ago, jimmyjazz said: Then why are you confusing price and rate? Didn't he get fired from a financial services job around the time of COVID?
March 20Mar 20 5 minutes ago, Fudge Nuggets said: Job creation bad is certainly a take. Didn't he get fired from a financial services job around the time of COVID? No, I did not.
March 20Mar 20 2 hours ago, jimmyjazz said: Then why are you confusing price and rate? I'm not confusing price and rate by any means. Continued 'elevated' inflation, even at a lower rate, following a multi-year period of high inflation deepens the effects of the inflation. The compounding effect. It's the same reason that most of your retirement savings will be the $$ you contributed years/decades ago
March 20Mar 20 2 minutes ago, Trey3216 said: I'm not confusing price and rate by any means. Continued 'elevated' inflation, even at a lower rate, following a multi-year period of high inflation deepens the effects of the inflation. The compounding effect. It's the same reason that most of your retirement savings will be the $$ you contributed years/decades ago Wow, you've really solved the puzzle. Please, tell us more about this "compounding" effect you refer to. The high inflation rates were transitory. Period, end of sentence, full stop. Current inflation rates are within historical norms. Period, end of sentence, full stop. Nobody said fuck all about prices.
March 20Mar 20 29 minutes ago, Trey3216 said: Continued 'elevated' inflation “Elevated” = below the historical average got it.
March 20Mar 20 6 hours ago, ChickenSandwich said: Policy and spending. Inflation reduction act and Infrastructure act increasing the annual deficit to $1.8 Trillion annually Increasing the size of government
March 22Mar 22 Compared to Carter/Reagan/Vockler this bout is relatively transitory and that’s the most recent stretch of inflation to compare to. I would have said it’s absolutely transitory especially given its acute cause(s) except that it is still (on these charts) a half a point too high. That lingering upward tick is not good long term. now what happens is anyone’s guess but if the common thinking it we reenter higher inflationary periods because of tariffs it will look long term but in actuality it will be a separate inflationary cause that fucks the chart and people up more. Edited March 22Mar 22 by troph
March 22Mar 22 2 hours ago, troph said: now what happens is anyone’s guess but if the common thinking it we reenter higher inflationary periods because of tariffs it will look long term but in actuality it will be a separate inflationary cause that fucks the chart and people up more. We all know where the blame will be (incorrectly) placed.
March 24Mar 24 On 3/19/2025 at 9:48 PM, Brisketexan said: There is no “and.” Not to him. Also…don’t you be so mean as to put the US inflation chart against inflation rates that other nations experienced at the same time. That really ruins the “Biden caused our inflation!” narrative. And it REALLY pisses them off when you show them that the US actually performed BETTER than most every western economy, inflation-wise. Nope. Inflation was caused by Biden, and Trump saved us. Don’t you get it, libtard? What exactly are you saying was the cause of inflation in the U.S., then? Do you agree that the (painful) raising of U.S. lending rates, by the Fed, was needed to reduce it? If not, why did the Fed do that?
March 24Mar 24 1 minute ago, statsman said: What exactly are you saying was the cause of inflation in the U.S., then? The cause of inflation in the US? The same as it was everywhere else in the world: by and large, a supply shock. There is a decent argument that it was also materially demand-driven (the appropriate mix on those will surely be debated for a while to come), but the important thing is that the phenomenon was pretty uniform between the US and European economies. That is, we were seeing the same-timed spikes at similar levels. 4 minutes ago, statsman said: Do you agree that the (painful) raising of U.S. lending rates, by the Fed, was needed to reduce it? If not, why did the Fed do that? Of course it was something we were going to do - it's one of the tools in our toolkit, and we were surely going to use it. And, it wasn't without beneficial effect. While our inflation performance was similar to Europe's, it WAS generally better. Our economic effects that we were dealing with were things we had in common, and had some real overlap in causes, but we also had tools to deal with it that differed somewhat (although all western economies saw their central banks use the same tool in response -- raising rates). Hell, the bottom line is that we had a generally stronger economy heading into the post-COVID inflation, so we weathered it better than most.
March 24Mar 24 On 3/23/2025 at 9:33 AM, StassneyHorn said: Stores are just daring you to steal nowadays Rfk, what are you doing bro?
March 24Mar 24 On 3/23/2025 at 10:33 AM, StassneyHorn said: Stores are just daring you to steal nowadays I could eat a box of those.
March 25Mar 25 On 3/19/2025 at 6:30 PM, Bozo_Casanova said: He’s taking a political position, this isn’t about the monetary phenomenon of inflation or the consumer price experience people call inflation. On 3/20/2025 at 8:49 AM, ChickenSandwich said: Policy and spending. Inflation reduction act and Infrastructure act increasing the annual deficit to $1.8 Trillion annually Increasing the size of government The 14.6 million net jobs added during the first three years of the Biden Administration is the largest increase for any first three years of a U.S. presidential administration. This represents a 10.3% increase in the number of jobs. smaller economies/and countries who rely heavily on the US economy were hit harder than the US in regards to inflation. Just like poor Americans vs wealthy Americans. On 3/20/2025 at 3:40 PM, Bozo_Casanova said: Amazing how people ignore the major trigger for inflation under Trump with one of the most massive money tosses in U.S. history. Democrats are not immune from criticism either. But let’s not pretend this is a “lib” only problem. Every credible deficit reduction plan must include taxes and spending cuts. We have one party and one party only that refuses the taxes. If you want to argue about this head to cloak room.
March 28Mar 28 Hey isn't a favorite bugaboo to concern troll about "price controls"? Why aren't y'all more vocal now that they're actually being seriously proposed by the president? WSJ: Trump Warned U.S. Automakers Not to Raise Prices in Response to Tariffs
March 28Mar 28 On 3/24/2025 at 3:33 PM, statsman said: What exactly are you saying was the cause of inflation in the U.S., then? The same cause as always- too many dollars chasing too few goods. On 3/24/2025 at 3:33 PM, statsman said: Do you agree that the (painful) raising of U.S. lending rates, by the Fed, was needed to reduce it? If not, why did the Fed do that? Slightly below historical average rates = “painful”, got it. Edited March 28Mar 28 by Bozo_Casanova
March 29Mar 29 Wage pressure is down but inflation "expectations" is up due to policy uncertainty. The challenge imo is we are moving into self-fulfilling prophecy with recession and inflation. Everyone expects it so it becomes true.
March 30Mar 30 8 hours ago, wackawacka said: Wage pressure is down but inflation "expectations" is up due to policy uncertainty. FIFY
March 31Mar 31 On 3/29/2025 at 11:05 AM, wackawacka said: Wage pressure is down but inflation "expectations" is up due to policy uncertainty. The challenge imo is we are moving into self-fulfilling prophecy with recession and inflation. Everyone expects it so it becomes true. Wage pressure down + inflation = stagflation?
March 31Mar 31 15 hours ago, bluto said: Wage pressure down + inflation = stagflation? throw in a few trade wars and retaliatory tariffs, and baby you got a stew goin' https://www.reuters.com/world/china-japan-south-korea-will-jointly-respond-us-tariffs-chinese-state-media-says-2025-03-31/
April 10Apr 10 https://www.bloomberg.com/news/videos/2025-04-07/expect-us-inflation-to-go-to-4-in-2025-citi-says i’m not endorsing, I’m just sharing.
April 10Apr 10 thank goodness we don't have to worry about $4 eggs anymore! https://fred.stlouisfed.org/series/APU0000708111 Now we get to worry about $6 eggs, hooray!
April 10Apr 10 1 hour ago, Gatorubet said: https://www.bloomberg.com/news/videos/2025-04-07/expect-us-inflation-to-go-to-4-in-2025-citi-says i’m not endorsing, I’m just sharing. It's going to be more than 4%, coulda be 7-8%.
April 10Apr 10 A sliver of good news: CPI dropped 0.1% this month, 2.4% annual. Core CPI rose 0.1%, 2.8% annual.
April 10Apr 10 1 hour ago, jimmyjazz said: A sliver of good news: CPI dropped 0.1% this month, 2.4% annual. Core CPI rose 0.1%, 2.8% annual. Good news or recession indicator? that light you see at the end of the tunnel is just the head lamp of an oncoming train
May 6May 6 The Fed appears to be curtailing QT. No QE yet, but the Fed is easing on tightening to maintain liquidity.
May 6May 6 Is that (SOMA) how much the fed bought this auction? And it’s greater than last auction? Or..?
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