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Now we know why they try to limit Bidens public speaking. Thankfully the media is gentle with him.Biden: Our multi trillion dollar spending bills “will reduce inflation, reduce inflation, reduce inflation"
What the heck is that part at the end where he said lumber workers didn't want to cut anymore and he started stammering...it was because their unemployment was "so down"? Sorry, I don't speak fluent Biden.
my favorite part... "you understand what i'm saying"....searching for affirmation.Biden: Our multi trillion dollar spending bills “will reduce inflation, reduce inflation, reduce inflation"
What the heck is that part at the end where he said lumber workers didn't want to cut anymore and he started stammering...it was because their unemployment was "so down"? Sorry, I don't speak fluent Biden.
What's crazy is you have a guy like Jamie Dimon who just got a huge stock option bonus and is somehow still on top. Real life game of thrones and he made it past the final episode.
Yeah, just paid off a 2.8% home loan early. A sucker? No - more like this. My asset/liability ratio hangs around 1000:1 most months.
Paid off our mortgage early a few years ago, and not regretting being debt-free one bit. There will always be missed investment opportunities, and I don’t see any value kicking oneself for not cashing in on all of them.TwinTurbo said:
I remember someone a little over a decade ago telling me my commercial loan at 7% was tough to beat and I should lock in while I can.TwinTurbo said:
This claim is a four star, hair on fire lie to the US citizenry.Biden: Our multi trillion dollar spending bills “will reduce inflation, reduce inflation, reduce inflation"
What the heck is that part at the end where he said lumber workers didn't want to cut anymore and he started stammering...it was because their unemployment was "so down"? Sorry, I don't speak fluent Biden.
For sure. I know I am not close to keeping up with inflation. A year from now, I am very concerned.TwinTurbo said:
I’m still not seeing hard proof that inflation will run rampant, unabated, permanently. Still seems like a post-pandemic “compare” to 2020.Consumer prices jump 5.4%. Inflation continues to rage.
No worries, though - according to Biden spending trillions funded by debt will reduce inflation.
It makes a 840 billion dollar tax break to the richest people in the world all that much more ridiculous doesn't it?Consumer prices jump 5.4%. Inflation continues to rage.
No worries, though - according to Biden spending trillions funded by debt will reduce inflation.
I wanted the tax break, but also wanted the SS income limit to be removed at the same time. Didn't like one without the other.
Understand my friend. I got especially hosed and my taxes went up what is a significant amount for me.
I remember some advanced inflation discussion on a Reddit investing board a few months ago. Most of the economics PhDs seemed to agree that the expectation of inflation was an elementary thought. They were using terms like M1 and M2 and I can't do their argument justice because it was beyond my understanding and comprehension. I've been stuck on the elementary thought that we will experience inflation. The idea that money in the hands of the wealthy few impacts luxury items whereas money being handed to everyone drives everyday prices up makes sense to me.Consumer prices jump 5.4%. Inflation continues to rage.
No worries, though - according to Biden spending trillions funded by debt will reduce inflation.
Been covered in this thread. The world is still coming to an end for those choosing to ignore that argument though. We still seem to be on track.
That's part of it. Dollar devaluation is another part. I believe that prices for good and services will reset themselves a good bit higher and the working poor will come out behind.
What board? I've found very little serious discussion on any reddit board (/thetagang being the exception).
That may be. Hopefully wages will increase as well. In some areas they already have because there is also a shortage of workers, both skilled and unskilled.
Cool. Not surprised it was an options board. The one I referenced is also an options board.
Long overdue. In a free market they should have been rising steadily for decades. They haven't because individuals needed a job more than a business really needed a worker. So businesses were willing to pay X for any particular position which was/is the "going rate" in any particular market and able to wait workers out. When really what should have been happening is competition for those workers in the form of higher wages.
This isn't quite true. The market for college and up has shown pretty decent wage gains. It's the unskilled labor market that has suffered. Lots of reasons for that, but importing low priced competition by the millions is a big part of it.
The rub with the US is that we drive the consumption side of the equation for many countries and the few goods we actually provide are to countries that havent bounced back as quickly as we have
I found this interesting with regard to wage growth (there sequence of videos is pretty good). The results of data all depends on what you decide to use an inputs.
This will only get worst as the federal government pumps trillions into this economy. So let’s do the math here 3.5 trillion for various programs, 1.0 trillion for what’s being described as infrastructure then I think 1.9 trillion in march.
At least the bot acknowledges it's a problem.We need to invite the world's top economists to this thread so they can get educated on inflation and come up with solutions to this problem.
And almost all the worlds leading economists. Timeframe for all this has always included a 2-3 month window after we take the 20+ billion from the economy this last week.Max Power said:
That was a good read and there were a few things I didn't consider. I think the average middle American is really going to wake up to inflation around the holidays. The supply chain shortages for toys and electronics will be the talk of the table and everyone will realize their dollar isn't going as far as it used to.
We just took 20+ billion out of the economy in Sept. This will impact through the end of the year for sure.
