Replies: 65
| visibility 4401
|
Orange Blooded [2592]
TigerPulse: 93%
Posts: 2702
Joined: 1/7/00
|
Behold the hyperinflation....
1
Jun 29, 2024, 10:50 AM
|
|
https://www.cnbc.com/2024/06/28/may-pce-inflation-report.html
Update of core PCE inflator is now at 2.6%. OMG, We're All Gonna DIIIIIEEEE!!!!!
This is further evidence that inflation has been defeated with no economic recession. So, Biden's economic recovery from the pandemic has been a spectacular success. Tons of jobs. Good economic growth. Good wage growth, especially among the working class. Good decrease in the uninsured rate. Good investments in manufacturing. Good production of energy. Good GDP growth. The inflation that Biden had almost nothing to do with - it was supply shocks that impacted the entire globe - has been defeated, and we're standing in the middle of the strongest economy of the world.
MAGA won't admit it. MAGA can't admit it, not in front their other cult members. But in the reality-based world, this inflation update is good news.
|
|
|
|
All-TigerNet [14669]
TigerPulse: 100%
Posts: 15593
Joined: 11/2/15
|
Making everyone more poor lowers inflation. Fixed it for you.***
1
Jun 29, 2024, 10:58 AM
|
|
|
|
|
|
|
Orange Blooded [2592]
TigerPulse: 93%
Posts: 2702
Joined: 1/7/00
|
Proof of what I was saying. MAGA won't admit it and can't admit it.****
1
Jun 29, 2024, 11:05 AM
|
|
|
|
|
|
|
All-TigerNet [14669]
TigerPulse: 100%
Posts: 15593
Joined: 11/2/15
|
Admit that you are dum az fk.
3
Jun 29, 2024, 11:20 AM
|
|
Prices have increased 20.1 percent since President Biden took office.
Real wages and benefits have fallen 3.9 percent since President Biden took office.
Weak Economy: The economy continues to be weighed down by ‘Bidenomics,’ with the Bureau of Economic Analysis newly estimating the economy grew a sluggish 1.3 percent in the first quarter of 2024, a full three points lower than forecasted.
Inflation Higher Than Wages: Inflation outpaced wages for 26 straight months of Biden’s presidency.
Historic Interest Rates: Under President Biden, interest rates hit their highest levels in 23 years.
Doubled Mortgage Costs: The monthly mortgage payment for a median priced new home has increased by $1,170 and is 103 percent higher than when President Biden took office in January 2021.
$1 Trillion+ Credit Card Debt: Credit card interest rates are at the highest level in more than three decades, while consumer credit debt has exceeded $1 trillion for the second calendar quarter and the number of Americans struggling to pay credit card bills has increased to the highest level in 12 years.
Shrinking Savings: Thanks to higher prices, families have spent the entirety of their pandemic savings by 2024 and they are able to save less of their income. At 3.6 percent, the personal savings rate is near its historic lows. Families Falling Behind on Bills: Over one-third of families (37 percent) paid a late fee in the past year.
|
|
|
|
|
All-In [26585]
TigerPulse: 100%
Posts: 45155
Joined: 7/31/10
|
Yellen and BLS BS are all that count, not reality.***
1
Jun 29, 2024, 11:39 AM
|
|
|
|
|
|
|
Orange Blooded [2592]
TigerPulse: 93%
Posts: 2702
Joined: 1/7/00
|
Yes, keep pretending the strongest economy in the world is a horrible economy...
1
Jun 29, 2024, 11:53 AM
[ in reply to Admit that you are dum az fk. ] |
|
Inflation goes up...you guys blame Biden.
Inflation goes down....you guys pretend it's a bad thing and blame Biden.
Inflation stays the same....you guys say it's bad an blame Biden.
As I said, you won't or can't admit that the lower inflation is good news. You've proved my point again.
You're dumb as a fkn rock.
|
|
|
|
|
All-In [26585]
TigerPulse: 100%
Posts: 45155
Joined: 7/31/10
|
Lower inflation RATE of increase...***
1
Jun 29, 2024, 12:41 PM
|
|
|
|
|
|
|
Hall of Famer [21388]
TigerPulse: 100%
Posts: 17280
Joined: 11/28/00
|
Re: Lower inflation RATE of increase...***
Jun 29, 2024, 6:46 PM
|
|
goosemitten doesn't understand
|
|
|
|
|
Orange Blooded [2592]
TigerPulse: 93%
Posts: 2702
Joined: 1/7/00
|
I know what an inflation rate is, ########....
Jun 29, 2024, 7:07 PM
[ in reply to Lower inflation RATE of increase...*** ] |
|
The fact that you think you're "educating" me shows you are basically economically illiterate.
|
|
|
|
|
All-In [26585]
TigerPulse: 100%
Posts: 45155
Joined: 7/31/10
|
The fact that you think you're "educating" me shows you are common sense devoid.***
Jun 29, 2024, 10:50 PM
|
|
|
|
|
|
|
All-TigerNet [13674]
TigerPulse: 100%
Posts: 9174
Joined: 10/18/16
|
Re: I know what an inflation rate is, ########....
Jun 30, 2024, 8:48 AM
[ in reply to I know what an inflation rate is, ########.... ] |
|
Do you realize the current inflation rate doesn't stand alone? It impacts everyone that is trying to dig out of the 20% price increases over the prior 2+ years and now another 3% being tacked onto that making it 21%. It is "CUMULATIVE". Now, if i were to get a 21% income increase and continued annual bumps to match inflation, then I will agree with you that things are financially good.
|
|
|
|
|
Heisman Winner [100333]
TigerPulse: 100%
Posts: 66195
Joined: 7/13/02
|
Re: Behold the hyperinflation....
8
8
Jun 29, 2024, 11:53 AM
|
|
For sheetz and giggles
Before Biden (2020): My groceries rarely topped $200 A new dock was $18K My car cost $23K (newest model) My house cost 20% more than I paid for it My credit card charged 11.99% APR I could easily sell my house and buy another one, if needed Fast food was around $6-7 for a combo meal A gallon of gas was $2.24
Since Biden (today): My groceries are rarely under $300 A new dock is $32K My car costs $35K (newest model) My house costs 120% more than I paid for it My credit card interest rate is 18.99% I couldn't afford to buy my house at today's rates and market value **Housing today is more unaffordable than at any other point since those records started (4+ decades) Fast food is rarely under $10 A gallon of gas is $3.39
You do understand fully 100% of the inflation we have suffered IS STILL HERE. You do realize for things to go back to the affordability before 2020, either prices (CPI/inflation) needs to DROP about 23%, OR wages have to rise 23%, or a combination of the two. That hasn't, and won't happen.
So if you ask Americans today if they're betoff than when Biden took office, good luck with those results. Americans have seen no RELIEF from the inflation we had. We've only stopped the bleeding.
Now, I'm not going to make this political, because our inflation wasn't Biden's fault, or Trump's fault. But it is what it is, and it's NOT going away. Our present monthly inflation sits in the middle (10th) among all G20 nations. If you look at the countries doing better than the US, most have had recessions, or nearly stagnant growth. The GDP trends are all down though the past two years, over most developed countries with GDP. Many more face a possible recession in the next year.
And I'm just leaving out our deficits and debt, since they don't matter. The reason we still have pinched wallets in the US is because the fed failed to 1) recognize the inflation happening for 11 months and 2) not raising rates higher. Regarding #2, they never had the ability to raise rates higher than 5-6%. They "can", but if they did, our national debt goes up exponentially and the solvency of our debt comes into question around 10%.
And lastly, probably the #1 most overlooked/purposefully ignored stat is this:
You're beating your political chest about the CPI data, when that data comes from the federal government, who has a VERY vested interest in lowering inflation (or data) as they have $35 trillion of skin in the debt game. Hundreds of billions, if not trillions of dollars that the federal government may have to spend, is determined by economic data that SAME government releases? The "parent company" of the Bureau of Labor Statistics stands to gain, or lose, hundreds of billions of dollars based on the data the BLS releases. Now just let this scenario sink in. When there is this much money on the line, and you see a glaring conflict of interest with this much money on the line, you darn well should question the source of your data. And they already exclude the largest drivers of inflation, energy and housing. You can cherry pick data from tooth brushes to legos to whatever else, but EVERYTHING requires energy, and EVERYONE requires housing, and transportation. Our unemployment rate is a farce. In America, you're ONLY "unemployed" if you have no job AND are looking for a job. If we could just get some more social programs so people could live unemployed WITHOUT having to look for a job, "unemployment" would be 0%. If you have no job, and are not looking for one, you are NOT unemployed. You just don't have a job. OR, if you're not looking for a job, and don't already have one, you're NOT unemployed. This is how you get a 3.5% unemployment rate when you have a 62% labor participation rate. That difference is comprised mostly of people not working AND not looking for a job. If you exclude those 5-6% or so on disability, and subtract the 3.9% looking for work, you see the tens of millions of people capable of working, but who are not working, BUT are also conveniently NOT unemployed.
|
|
|
|
|
All-In [26585]
TigerPulse: 100%
Posts: 45155
Joined: 7/31/10
|
Voila.***
Jun 29, 2024, 12:46 PM
|
|
|
|
|
|
|
Orange Blooded [2592]
TigerPulse: 93%
Posts: 2702
Joined: 1/7/00
|
Re: You're just spewing right-wing talking points....
1
Jun 29, 2024, 4:48 PM
[ in reply to Re: Behold the hyperinflation.... ] |
|
Real Income has gone up, because wage growth has surpassed inflation. It's a fact:
https://arindube.substack.com/p/wage-growth-inflation-and-inequality
https://www.brookings.edu/articles/has-pay-kept-up-with-inflation/
If you're actually rooting for prices to generally fall, then you're rooting for deflation, which would signal a full-blown recession or deep depression.
As for unemployment, the low UEP numbers are not a mirage. We know that employment is strong because the % of people who are in their prime age who are working is at its highest since 2001. We have a very strong, and potentially hot labor market:
https://fred.stlouisfed.org/series/LNS12300060
And we've been adding far more jobs per month than at any time during Trump's non-boom "boom" (which consisted of him riding the coat-tails of the Obama recovery):
https://data.bls.gov/timeseries/ces0000000001?output_view=net_1mth
And we're doing this during a time when Biden has actually cut debt/gdp against what he inherited from the pandemic, and we're at about 97% debt/gdp right now, which is nowhere near a crisis level:
https://fred.stlouisfed.org/series/FYGFGDQ188S
And our GDP growth has been better than the rest of the industrialized world:
https://www.axios.com/2024/01/31/us-economy-2024-gdp-g7-nations
What's happened is that we had a burst of stimulus to help us get through the pandemic and beyond. We are making investments in Chip manufacturing & Green energy & basic infrastructure. We've had a very strong jobs recovery. We did get a burst of inflation due to supply-chain snarls that impacted every country in the world. But the wages of our workers has kept up and surpassed the inflation. ANd our economy has grown more than the rest of the world, all while our inflation has subsided.
We're the economic envy of the world.
I don't expect you to ever admit it. But the truth is what I just typed above.
|
|
|
|
|
Heisman Winner [100333]
TigerPulse: 100%
Posts: 66195
Joined: 7/13/02
|
|
|
|
|
Orange Blooded [2592]
TigerPulse: 93%
Posts: 2702
Joined: 1/7/00
|
OMG, you've destroyed my argument. LOL...
Jun 29, 2024, 9:19 PM
|
|
I posted the net debt/gdp held by the public, because economists consider that to be more meaningful, as it represents debt raised in the market.
The number you posted included money the government owes itself, i.e., not as meaningful.
So, back to the more meaningful number:
https://fred.stlouisfed.org/series/FYGFGDQ188S
|
|
|
|
|
Heisman Winner [100333]
TigerPulse: 100%
Posts: 66195
Joined: 7/13/02
|
Re: OMG, you've destroyed my argument. LOL...
Jun 30, 2024, 9:22 AM
|
|
Please, keep drinking the Kool Aid and gaslighting. Government debt (excluding social security, pension funds, and other "slightly important" debt obligations (your preferred measure), is about as politically useful as inflation data minus shelter and energy. And car prices. And auto insurance....and whatever else they decide to exclude to get a happy/reelectable number and/or a rosy press release.
Pubs do this same thing by the way. Skewed data is as bipartisan as debt spending, and for the same reason.
|
|
|
|
|
All-TigerNet [13674]
TigerPulse: 100%
Posts: 9174
Joined: 10/18/16
|
Re: Behold the hyperinflation....
Jun 29, 2024, 6:39 PM
[ in reply to Re: Behold the hyperinflation.... ] |
|
Here here Tiggity! And I have the spreadsheets of my expenses to support your data.
|
|
|
|
|
CU Guru [1245]
TigerPulse: 92%
Posts: 2175
Joined: 12/9/98
|
Re: Behold the hyperinflation....
Jun 29, 2024, 6:41 PM
[ in reply to Re: Behold the hyperinflation.... ] |
|
For sheetz and giggles
Before Biden (2020): My groceries rarely topped $200 A new dock was $18K My car cost $23K (newest model) My house cost 20% more than I paid for it My credit card charged 11.99% APR I could easily sell my house and buy another one, if needed Fast food was around $6-7 for a combo meal A gallon of gas was $2.24
Since Biden (today): My groceries are rarely under $300 A new dock is $32K My car costs $35K (newest model) My house costs 120% more than I paid for it My credit card interest rate is 18.99% I couldn't afford to buy my house at today's rates and market value **Housing today is more unaffordable than at any other point since those records started (4+ decades) Fast food is rarely under $10 A gallon of gas is $3.39
You do understand fully 100% of the inflation we have suffered IS STILL HERE. You do realize for things to go back to the affordability before 2020, either prices (CPI/inflation) needs to DROP about 23%, OR wages have to rise 23%, or a combination of the two. That hasn't, and won't happen.
So if you ask Americans today if they're betoff than when Biden took office, good luck with those results. Americans have seen no RELIEF from the inflation we had. We've only stopped the bleeding.
Now, I'm not going to make this political, because our inflation wasn't Biden's fault, or Trump's fault. But it is what it is, and it's NOT going away. Our present monthly inflation sits in the middle (10th) among all G20 nations. If you look at the countries doing better than the US, most have had recessions, or nearly stagnant growth. The GDP trends are all down though the past two years, over most developed countries with GDP. Many more face a possible recession in the next year.
And I'm just leaving out our deficits and debt, since they don't matter. The reason we still have pinched wallets in the US is because the fed failed to 1) recognize the inflation happening for 11 months and 2) not raising rates higher. Regarding #2, they never had the ability to raise rates higher than 5-6%. They "can", but if they did, our national debt goes up exponentially and the solvency of our debt comes into question around 10%.
And lastly, probably the #1 most overlooked/purposefully ignored stat is this:
You're beating your political chest about the CPI data, when that data comes from the federal government, who has a VERY vested interest in lowering inflation (or data) as they have $35 trillion of skin in the debt game. Hundreds of billions, if not trillions of dollars that the federal government may have to spend, is determined by economic data that SAME government releases? The "parent company" of the Bureau of Labor Statistics stands to gain, or lose, hundreds of billions of dollars based on the data the BLS releases. Now just let this scenario sink in. When there is this much money on the line, and you see a glaring conflict of interest with this much money on the line, you darn well should question the source of your data. And they already exclude the largest drivers of inflation, energy and housing. You can cherry pick data from tooth brushes to legos to whatever else, but EVERYTHING requires energy, and EVERYONE requires housing, and transportation. Our unemployment rate is a farce. In America, you're ONLY "unemployed" if you have no job AND are looking for a job. If we could just get some more social programs so people could live unemployed WITHOUT having to look for a job, "unemployment" would be 0%. If you have no job, and are not looking for one, you are NOT unemployed. You just don't have a job. OR, if you're not looking for a job, and don't already have one, you're NOT unemployed. This is how you get a 3.5% unemployment rate when you have a 62% labor participation rate. That difference is comprised mostly of people not working AND not looking for a job. If you exclude those 5-6% or so on disability, and subtract the 3.9% looking for work, you see the tens of millions of people capable of working, but who are not working, BUT are also conveniently NOT unemployed.
Please do not confuse Bumble Bee fans with facts
|
|
|
|
|
Heisman Winner [115336]
TigerPulse: 100%
Posts: 75032
Joined: 9/10/03
|
Re: Behold the hyperinflation....
Jul 13, 2024, 10:02 AM
[ in reply to Re: Behold the hyperinflation.... ] |
|
The MSRP on the 2025 model of my car is identical, literally the same number it was in 2022 when i got it, it is Japenese. We have a housing shortage in this country, construction and labor costs are up, borrowing rates are up, and our clients are scrambling to get into institutional and government work, as are we. Your house is not worth what you think it is, but you still did very well, congrats. Darwin will take of the housing shortage as the boomers continue to check out. The days of Building 6k sqft houses for single families are over, future generations can't afford that, well, except for the ones that get their parent's house when they check out, and they will be in for a surprise. There will be no market for 6k sqft homes in ten years, almost none. Something will give.
|
|
|
|
|
110%er [5897]
TigerPulse: 92%
Posts: 12427
Joined: 9/28/08
|
|
|
|
|
All-TigerNet [11755]
TigerPulse: 100%
Posts: 15705
Joined: 8/6/10
|
LOL, government statistics***
Jun 29, 2024, 8:42 PM
|
|
|
|
|
|
|
All-In [26585]
TigerPulse: 100%
Posts: 45155
Joined: 7/31/10
|
B(L)S.***
Jun 29, 2024, 9:29 PM
|
|
|
|
|
|
|
Orange Blooded [2592]
TigerPulse: 93%
Posts: 2702
Joined: 1/7/00
|
I know. It's "rigged", right?....
Jun 29, 2024, 10:42 PM
[ in reply to LOL, government statistics*** ] |
|
Everything is always rigged with you Cultists.
|
|
|
|
|
Hall of Famer [24046]
TigerPulse: 100%
Posts: 7793
Joined: 8/31/03
|
Anybody who believes inflation is 3% or less...
1
Jun 29, 2024, 9:51 PM
|
|
.... hasn't been to the grocery story in the last 4 years.
|
|
|
|
|
Orange Blooded [2057]
TigerPulse: 84%
Posts: 3148
Joined: 7/30/04
|
Re: Behold the hyperinflation....
Jun 29, 2024, 11:28 PM
|
|
What the hell world do you live in? Nobody is buying what you are selling
|
|
|
|
|
Orange Blooded [2592]
TigerPulse: 93%
Posts: 2702
Joined: 1/7/00
|
I live in a reality-based world, unlike you, who lives in a Cult.***
Jun 30, 2024, 7:51 AM
|
|
|
|
|
|
|
All-In [48999]
TigerPulse: 100%
Posts: 30983
Joined: 11/15/99
|
Are you too stupid to realize that when inflation drops from 9% to 3% that
Jun 30, 2024, 8:16 AM
|
|
IT IS STILL A 3% INCREASE ON CONSUMER PRICES?
|
|
|
|
|
Orange Blooded [2592]
TigerPulse: 93%
Posts: 2702
Joined: 1/7/00
|
|
|
|
|
All-In [48999]
TigerPulse: 100%
Posts: 30983
Joined: 11/15/99
|
Yep. You are.
Jun 30, 2024, 9:25 AM
|
|
Figures.
|
|
|
|
|
110%er [5897]
TigerPulse: 92%
Posts: 12427
Joined: 9/28/08
|
Theres a diagnosis for the case
Nov 12, 2014, 6:25 PM
[ in reply to Pffft.... ] |
|
of believing what you are told over what you see and experience yourself.
|
|
|
|
|
Orange Blooded [2592]
TigerPulse: 93%
Posts: 2702
Joined: 1/7/00
|
Then, why do you parrot what you're told by MAGA sources?
Jun 30, 2024, 9:44 AM
|
|
We all know you don't think for yourself.
|
|
|
|
|
All-In [26585]
TigerPulse: 100%
Posts: 45155
Joined: 7/31/10
|
"We"...? You and the gang at the troll farm?***
Jun 30, 2024, 9:54 AM
|
|
|
|
|
|
|
Orange Blooded [2592]
TigerPulse: 93%
Posts: 2702
Joined: 1/7/00
|
No: Reality-based America.***
Jun 30, 2024, 9:56 AM
|
|
|
|
|
|
|
All-In [26585]
TigerPulse: 100%
Posts: 45155
Joined: 7/31/10
|
So now you're telling us the 'debate debacle' was "cheap fake"... ? Sure.
Jun 30, 2024, 11:12 AM
|
|
Maybe you're the one that needs to get "REAL".
|
|
|
|
|
CU Guru [1245]
TigerPulse: 92%
Posts: 2175
Joined: 12/9/98
|
Re: So now you're telling us the 'debate debacle' was "cheap fake"... ? Sure.
1
Jun 30, 2024, 11:15 AM
|
|
Maybe you're the one that needs to get "REAL".
The deflection has started, he now thinks Biden was more impressive than Trump in the debate. He is part of the 33% in the CNN poll who thought Biden won the debate.
|
|
|
|
|
All-In [26585]
TigerPulse: 100%
Posts: 45155
Joined: 7/31/10
|
To be honest, if T-Rump had the same sort of brain farts, there'd be 33% too,
1
Jun 30, 2024, 11:19 AM
|
|
just on the other side. It's really up to the 33+% in the middle.
|
|
|
|
|
Orange Blooded [4659]
TigerPulse: 100%
Posts: 4914
Joined: 10/6/03
|
Cumulative inflation under Biden has increase more than 20%
Jun 30, 2024, 4:15 PM
|
|
Boneless chicken breast up 26%
Butter up 27%
Bread up 30%
Sugar up 44%
Plant your victory flag on that mountain. Go ahead, keep telling people that inflation has been defeated. They only get reminded of the big ### lie you are telling weekly when they check out at the grocery store.
|
|
|
|
|
Orange Blooded [2592]
TigerPulse: 93%
Posts: 2702
Joined: 1/7/00
|
Yeah, I know. It's always "rigged", and numbers are "faked"....
Jun 30, 2024, 4:23 PM
|
|
Unless it makes your guy look good, then all of the sudden it's correct.
You guys are literally insane.
|
|
|
|
|
Orange Blooded [4659]
TigerPulse: 100%
Posts: 4914
Joined: 10/6/03
|
Which of these numbers are incorrect ?***
Jun 30, 2024, 6:05 PM
|
|
|
|
|
|
|
Orange Blooded [2592]
TigerPulse: 93%
Posts: 2702
Joined: 1/7/00
|
I already posted above that real wage gains have been positive....
Jun 30, 2024, 8:30 PM
|
|
i.e., they've outpaced inflation.
When you posted that cumulative inflation is 20%, well, wages have gone up more (which they have).
|
|
|
|
|
Orange Blooded [4659]
TigerPulse: 100%
Posts: 4914
Joined: 10/6/03
|
Prove it!
2
Jun 30, 2024, 9:47 PM
|
|
Show me one place where wages have gone up more than the price of boneless chicken breasts
Show me one source where wages have gone up more then the price of butter!
Find one place where blue collar wages have outpaced the price of sugar
You can't. Because it's a freaking lie that real wages have outpaced inflation over the last 3.5 years. A TOTAL and COMPLETE lie!
|
|
|
|
|
Orange Blooded [2592]
TigerPulse: 93%
Posts: 2702
Joined: 1/7/00
|
|
|
|
|
Orange Blooded [4659]
TigerPulse: 100%
Posts: 4914
Joined: 10/6/03
|
Exactly! You can't find any evidence
Jun 30, 2024, 11:52 PM
|
|
That wages grew 26%, 27%, 30% or 44% since 2021
Because it didn't freaking happen
Go look at nominal wage growth and show me where it exceeded the price growth in these 4 basic commodities - can you find it?
|
|
|
|
|
Orange Blooded [2592]
TigerPulse: 93%
Posts: 2702
Joined: 1/7/00
|
I've already shown numerous links that show that wages kept up with inflation...
Jul 1, 2024, 8:49 AM
|
|
Getting you to either understand it, or admit it even if you did understand it, is impossible because you're a Red Hat. There's more to "inflation" than just groceries, you moron.
Now, ANSWER MY QUESTION ABOUT YOUR DISGUSTING POST ON THE PELOSI THREAD.
|
|
|
|
|
Orange Blooded [4659]
TigerPulse: 100%
Posts: 4914
Joined: 10/6/03
|
Ok, pick something yourself we all buy on a regular basis
1
Jul 1, 2024, 12:42 PM
|
|
Compare the price today to the price in 2021
Then compare it to nominal wage growth over the same period
Show us the real wage growth Biden has delivered!
You misunderstand. You observe one month where real wage growth occurred and forget the 36-40 months of stagnant wage growth and hyperinflation
|
|
|
|
|
All-TigerNet [13449]
TigerPulse: 100%
Posts: 9947
Joined: 1/23/06
|
|
|
|
|
Heisman Winner [100333]
TigerPulse: 100%
Posts: 66195
Joined: 7/13/02
|
Real wages include 100% of the money you earn
Jul 13, 2024, 9:41 AM
[ in reply to Yeah, I know. It's always "rigged", and numbers are "faked".... ] |
|
Inflation only covers maybe 70% of the money you spend.
CPI does not include many of the things seeing the most inflation, and some of those actually drive inflation. Like housing, taxes, car insurance, gas, homeowners insurance, etc.
So when you take CPI reflecting only some of the things you buy versus 100% of what you earn.... You get rising real wages when perhaps 30% of what you spend your wages on is excluded.
We're being lied to. It's common. Hard for some to accept. I know.
|
|
|
|
|
Orange Blooded [4271]
TigerPulse: 68%
Posts: 8732
Joined: 12/9/01
|
|
|
|
|
All-In [48999]
TigerPulse: 100%
Posts: 30983
Joined: 11/15/99
|
Yeah. LOL yourself all the way to the grocery store.
Jul 1, 2024, 10:58 AM
|
|
Oh wait, you're on food stamps, right?
|
|
|
|
|
Orange Blooded [4271]
TigerPulse: 68%
Posts: 8732
Joined: 12/9/01
|
Re: Yeah. LOL yourself all the way to the grocery store.
1
Jul 1, 2024, 12:55 PM
|
|
Did your googling efforts fail to give you an answer to the question? 😆
|
|
|
|
|
Orange Blooded [4659]
TigerPulse: 100%
Posts: 4914
Joined: 10/6/03
|
He controls the treasury and the budget of the united states
Jul 1, 2024, 5:21 PM
[ in reply to Re: Cumulative inflation under Biden has increase more than 20% ] |
|
Whose currency is used around the word for commodities such as oil
So every action the treasury takes and every budget he signs directly impacts inflation
Take for instance the ironically named “inflation reduction act”
A centerpiece of his agenda that he likes to boast about. Total inflation pumping mess. That on him
Want me to go on???
|
|
|
|
|
Orange Blooded [4271]
TigerPulse: 68%
Posts: 8732
Joined: 12/9/01
|
Re: He controls the treasury and the budget of the united states
1
Jul 1, 2024, 5:45 PM
|
|
I want you to tell us what Biden personally did to cause the global inflation. You've produced nothing so far. 😆
|
|
|
|
|
CU Guru [1258]
TigerPulse: 91%
Posts: 2326
Joined: 8/2/02
|
Re: He controls the treasury and the budget of the united states
Jul 1, 2024, 5:49 PM
|
|
Biden doesn't do ####. That's the problem.
|
|
|
|
|
Orange Blooded [4659]
TigerPulse: 100%
Posts: 4914
Joined: 10/6/03
|
Re: He controls the treasury and the budget of the united states
Jul 2, 2024, 9:37 AM
[ in reply to Re: He controls the treasury and the budget of the united states ] |
|
I don't need google. These 3 laws that Biden personally championed and personally signed into law are inflation machines.
“American Rescue Plan” “Bipartisan Infrastructure Act” “Inflation Reduction Act”
He complains about shrinkflation and corporate greed, then denies inflation is a problem and then fails to take any personal accountability for it.
If he weren't senile and if he admitted that his policies and keystone pieces of legislation are not affecting inflation as he would have hoped, he’d probably win the election.
But he is senile and he is too proud to admit that he has failed to address inflation
|
|
|
|
|
Orange Blooded [2592]
TigerPulse: 93%
Posts: 2702
Joined: 1/7/00
|
The inflation wasn't from Biden, dumb-a**....
Jul 2, 2024, 10:09 AM
|
|
The reason we know this is that it's been defeated (2.6% means it's back almost to the Fed's 2% target) without any hint of a recession or job losses. So, we know this was not inflation that came from over-spending and over-stimulating the economy. The inflation came back to normal because supply lines unkinked....i.e., this was a Supply Chain Shock inflation which hit the entire planet, not just the US.
Not only has inflation been defeated, but it's happened without job losses.
If this exact same economy occurred under your cult leader, you'd be cheering it on like it was the greatest thing ever. But you're not because you're a Red-Hatted moron.
Getting you to admit what you know is the truth - and you know it's true - isn't possible, as it was undermine your cult membership status.
|
|
|
|
|
Orange Blooded [4659]
TigerPulse: 100%
Posts: 4914
Joined: 10/6/03
|
That's funny, because the federal reserve disagrees
Jul 2, 2024, 11:56 AM
|
|
They think 5.5% interest rates are appropriate in “combatting inflation”
And they are the experts
|
|
|
|
|
Orange Blooded [4271]
TigerPulse: 68%
Posts: 8732
Joined: 12/9/01
|
Re: He controls the treasury and the budget of the united states
Jul 2, 2024, 12:00 PM
[ in reply to Re: He controls the treasury and the budget of the united states ] |
|
How many hours did you spend googling only able to come up with that weak chit? I'm surprised you humiliated yourself with trying to pass that off as the cause of global inflation. Too funny. Honest question, what's your highest level of education?
|
|
|
|
|
Orange Blooded [4659]
TigerPulse: 100%
Posts: 4914
Joined: 10/6/03
|
Keep referring to it as global inflation...
Jul 2, 2024, 1:00 PM
|
|
See how that polls.
Other countries that have strong leadership are not having bidenflation problems.
You guys blame Trump and have no clue what’s causing it or how to fix it and that's why you are probably going to lose
|
|
|
|
|
110%er [7346]
TigerPulse: 99%
Posts: 5153
Joined: 2/20/24
|
Re: Behold the hyperinflation....
Jul 1, 2024, 1:24 PM
|
|
Housing is crushing people. The costs in the supermarket are crushing people. They don't have money for their IRA's. Doesn't matter what you type.
|
|
|
|
|
CU Guru [1258]
TigerPulse: 91%
Posts: 2326
Joined: 8/2/02
|
You are a goon***
Jul 1, 2024, 4:09 PM
|
|
|
|
|
|
|
Orange Blooded [2592]
TigerPulse: 93%
Posts: 2702
Joined: 1/7/00
|
.....says a gap-toothed member of the Red Hat Cult.....***
Jul 2, 2024, 10:17 AM
|
|
|
|
|
|
|
CU Guru [1258]
TigerPulse: 91%
Posts: 2326
Joined: 8/2/02
|
Triggered?***
Jul 2, 2024, 2:41 PM
|
|
|
|
|
|
|
CU Guru [1093]
TigerPulse: 88%
Posts: 1377
Joined: 7/9/21
|
Re: Behold the hyperinflation....
Jul 2, 2024, 10:34 AM
|
|
Go Smitty is 100% correct.
Y’all clowns that are waiting for prices to come down are gonna have a long wait. LMFAO.
The inflation we have is mostly behind us, the prices are not going to retreat to 2020 levels.
If you think the inflation we experienced was the fault of Donald Trump or Joe Biden then maybe you should look to stormy Daniels or Steve Bannon or Rudy Giuliani or the publisher of the national inquirer or Michael Cohen or one of Trump‘s ex-wives one of Trump‘s attorneys or one of the D list celebrities on the apprentice to fix inflation. Good luck.
Seriously, how dumb are some of these mags folks?
|
|
|
|
|
110%er [7346]
TigerPulse: 99%
Posts: 5153
Joined: 2/20/24
|
Re: Behold the hyperinflation....
Jul 2, 2024, 11:03 AM
|
|
He will be our next POTUS. Smarter than our Dems apparently.
|
|
|
|
|
CU Guru [1078]
TigerPulse: 100%
Posts: 195
Joined: 4/29/24
|
Snapshots.
Jul 2, 2024, 2:17 PM
|
|
They make for great soundbites and headlines.
Looks like inflation is merely slowing down. Which is great news. But here at casa A1ASauce, groceries and fuel/energy costs are quite a bit higher than they were just a couple of years ago. So are clothes and trips and bar tabs.
Like, 25% higher. But glad to hear the folks at CNBC are pleased.
|
|
|
|
Replies: 65
| visibility 4401
|
|
|