Inflation was going down under Biden, now it’s going back up

[Strike 5,184]

4 minutes ago, thegeneral said:

Going up is bad, going down is good.

Inflation is going DOWN now?  Link?

[Bert 1,128]

2 hours ago, thegeneral said:

Inflation now under 5%.

Breakout the winter coats the temperature dropped from 120 to 114.

[thegeneral 2,889]

4 minutes ago, Strike said:

Inflation is going DOWN now?  Link?

https://www.ft.com/content/38c56ada-dba3-425b-9d5e-5494d12a3877

[thegeneral 2,889]

2 minutes ago, Bert said:

Breakout the winter coats the temperature dropped from 120 to 114.

I prefer 114 to 126.

[seafoam1 2,798]

On 4/13/2023 at 8:18 AM, The Real timschochet said:

https://www.axios.com/2023/04/13/rent-inflation-highest-since-1981-but-signs-of-peak
 

Great news for the USA, terrible news for Republicans. What are you guys going to run on now? You think  transgender issues and CRT are going to win national elections? 

Are you now paying the illegals less?

[Strike 5,184]

7 minutes ago, thegeneral said:

https://www.ft.com/content/38c56ada-dba3-425b-9d5e-5494d12a3877

Sure, it's a lower number than it has been but big whoop.  But it's still going up.  It couldn't keep going up at that level forever.  It's still way too high and 2.5 times the Fed target of 2%.  And, if you read this article, people are still hurting big time:

https://www.cnbc.com/2023/05/10/cpi-inflation-april-2023.html

[edjr 6,578]

FOUR MORE YEARS!

[edjr 6,578]

12 minutes ago, Bert said:

Breakout the winter coats the temperature dropped from 120 to 114.

Golf in Vegas in June?

[RLLD 4,143]

Just now, Strike said:

Sure, it's a lower number than it has been but big whoop.  But it's still going up.  It couldn't keep going up at that level forever.  It's still way too high and 2.5 times the Fed target of 2%.  And, if you read this article, people are still hurting big time:

https://www.cnbc.com/2023/05/10/cpi-inflation-april-2023.html

While this is true, lets celbrate some relief.  And Biden has had to absorb some criticism within his party for giving in and changing some big mistakes he made that created this mess.  So if he is learning, or even just giving in....I will take it. He is not likely to ever get it back to a proper place, we would need someone with economic acumen to step in and reverse more of what he has done. 

[edjr 6,578]

When is the next stimulus payment?

[Strike 5,184]

4 minutes ago, RLLD said:

While this is true, lets celbrate some relief.  And Biden has had to absorb some criticism within his party for giving in and changing some big mistakes he made that created this mess.  So if he is learning, or even just giving in....I will take it. He is not likely to ever get it back to a proper place, we would need someone with economic acumen to step in and reverse more of what he has done. 

What exactly did Biden change?

[thegeneral 2,889]

6 minutes ago, Strike said:

Sure, it's a lower number than it has been but big whoop.  But it's still going up.  It couldn't keep going up at that level forever.  It's still way too high and 2.5 times the Fed target of 2%.  And, if you read this article, people are still hurting big time:

https://www.cnbc.com/2023/05/10/cpi-inflation-april-2023.html

It’s going down is the good part. The Fed is raising rates as fast as it can without focking us all up. 

[Strike 5,184]

Just now, thegeneral said:

It’s going down is the good part. The Fed is raising rates as fast as it can without focking us all up. 

Tell that to the person trying to buy their first house.

[Bert 1,128]

5 minutes ago, edjr said:

Golf in Vegas in June?

Not this year.  My work travel schedule is FUBAR until the fall.

[edjr 6,578]

Just now, Bert said:

Not this year.  My work travel schedule is FUBAR until the fall.

I was saying that was the temp when we played. Fall is best anyway. Was too focking hot

[seafoam1 2,798]

Liberals are so stupid.

[RLLD 4,143]

4 minutes ago, Strike said:

What exactly did Biden change?

Example

And the beauty is we do not actually have to wait for production for these changes to manifest.  Simply by moving to allow greater production the speculators respond. 

Its not enough. Its too little too late.  But my god we need something to give us some relief from the torment he has put on us. 

[Bert 1,128]

3 minutes ago, edjr said:

I was saying that was the temp when we played. Fall is best anyway. Was too focking hot

It was a little warn.  

[thegeneral 2,889]

5 minutes ago, Strike said:

Tell that to the person trying to buy their first house.

Are you saying Republicans don’t agree with Feds decision to raise rates to cool inflation? I was unaware of that.

[Strike 5,184]

13 minutes ago, RLLD said:

Example

And the beauty is we do not actually have to wait for production for these changes to manifest.  Simply by moving to allow greater production the speculators respond. 

Its not enough. Its too little too late.  But my god we need something to give us some relief from the torment he has put on us. 

Your own article says he approved the Willow project because otherwise he would have been sued.  And nothing in that article indicates this move affected inflation or oil/gas prices.  Sorry, not giving him credit here.  Got anything else? 

[Tree of Knowledge 1,697]

2 hours ago, GutterBoy said:

Father Biden saving us all

Do you call him Father Biden because you idolize Hunter or just want to live out a shower fantasy?

[Strike 5,184]

6 minutes ago, thegeneral said:

Are you saying Republicans don’t agree with Feds decision to raise rates to cool inflation? I was unaware of that.

I have no focking clue what the Republicans think, nor do I care.  Why do so many people around here look at everything through political eyes and not what's best for the country and their fellow citizens?  FFS can't you see that BOTH parties are full of sh*t?

[seafoam1 2,798]

Venezuela anyone?

[Baker Boy 1,687]

1 hour ago, Reality said:

So, this 5% is year over year? Yeah, I'll hold off on the celebration. People are getting crushed by consumer prices.

Energy and food prices are not included in the inflation rate. This is just another deceiving number from the US government.

[seafoam1 2,798]

Just now, Tree of Knowledge said:

Do you call him Father Biden because you idolize Hunter or just want to live out a shower fantasy?

biden likes little kids.

A lot.

[thegeneral 2,889]

Just now, Strike said:

I have no focking clue what the Republicans think, nor do I care.  Why do so many people around here look at everything through political eyes and not what's best for the country and their fellow citizens?  FFS can't you see that BOTH parties are full of sh*t?

Raising interest rates is one of the few tools that they have to slow money flow. Making money less “cheap” to cool the economy is the whole point - things like being able to purchase a home with borrowed money will be impacted and is the point of this mechanism.

It’s a delicate line they are trying to walk here. Slow economy without crashing it into a mountain. 

[Rosie O'Donnell 20]

Just now, thegeneral said:

Raising interest rates is one of the few tools that they have to slow money flow. Making money less “cheap” to cool the economy is the whole point - things like being able to purchase a home with borrowed money will be impacted and is the point of this mechanism.

It’s a delicate line they are trying to walk here. Slow economy without crashing it into a mountain. 

It's gonna crash.  Biden doesn't know what he's doing.  100% certainty.

[Strike 5,184]

Just now, thegeneral said:

Raising interest rates is one of the few tools that they have to slow money flow. Making money less “cheap” to cool the economy is the whole point - things like being able to purchase a home with borrowed money will be impacted and is the point of this mechanism.

It’s a delicate line they are trying to walk here. Slow economy without crashing it into a mountain. 

They already crashed it in to the mountain. 

[thegeneral 2,889]

1 minute ago, Strike said:

They already crashed it in to the mountain. 

GDP grew at 1.1% past quarter slowed but not crashed into a mountain. Check out how other countries are fairing coming out of global pandemic. We are in ok shape.

[seafoam1 2,798]

1 minute ago, thegeneral said:

GDP grew at 1.1% past quarter slowed but not crashed into a mountain. Check out how other countries are fairing coming out of global pandemic. We are in ok shape.

Venezuela. Go socialism!!

[Rosie O'Donnell 20]

libtards are the kind of people that are happy when you tell them you'll just cut their arm off instead of killing them.

[GutterBoy 2,898]

11 minutes ago, Tree of Knowledge said:

Do you call him Father Biden because you idolize Hunter or just want to live out a shower fantasy?

Neither, I was making funny of you

[RLLD 4,143]

13 minutes ago, Strike said:

Your own article says he approved the Willow project because otherwise he would have been sued.  And nothing in that article indicates this move affected inflation or oil/gas prices.  Sorry, not giving him credit here.  Got anything else? 

Just some other similar stuff. I mean, we need some hope here....we have this moron for another two years. this is just brutal

[Strike 5,184]

8 minutes ago, thegeneral said:

GDP grew at 1.1% past quarter slowed but not crashed into a mountain. Check out how other countries are fairing coming out of global pandemic. We are in ok shape.

The word is "faring." 

[Strike 5,184]

3 minutes ago, RLLD said:

Just some other similar stuff. I mean, we need some hope here....we have this moron for another two years. this is just brutal

I get it.  I'm just not willing to give Biden credit for something he had nothing to do with.  Inflation couldn't keep going up at those levels indefinitely.  But it's still going up at an unsustainable rate.  Any reduction is DESPITE Biden, not because of anything he has done.  But some people are "celebrating" this?  Not me.

[thegeneral 2,889]

1 minute ago, Strike said:

The word is "faring." 

Thank you. On a phone and am getting to the point of needing glasses

The point remains our economy I believe is in decent shape all things considered as it should be. Compared to other nations we are doing ok.

[Tree of Knowledge 1,697]

16 minutes ago, GutterBoy said:

Neither, I was making funny of you

Be better.  

[Strike 5,184]

24 minutes ago, Tree of Knowledge said:

Be better.  

Sure.  Try "Be taller" too.  You've got the same chance of success.

[RLLD 4,143]

Saudi Arabia's energy minister warns speculators ahead of OPEC+ meeting

Quote

"We should be brave enough to attend to the future without continuing the so-called 'kicking the can' policies, those policies that may allow us to fend the situation for this month, next month or the month after but with that we are losing sight of our intentions and our more important objectives," he said.

 

Pretty sure that is a dig at America  

[Cloaca du jour 2,147]

This post aged horribly.. 

Gas still high...interest rates are horrible.  Car prices are stupidly high.

Even lumber prices suck, utilities high.

Jesus...timo...gaslit much?