This economy is so bad

[RLLD 4,200]

10 minutes ago, Ron_Artest said:

No, it was settled.  Biden clearly never said that inflation was higher under Trump, you can't provide any clip or quote of him saying that, and the only clip that you can provide is him saying that inflation was skyrocketing when he took office, which is was.  And a point of logic that eludes you, if inflation started going up when he took office, then OBVIOUSLY it was lower under Trump.  To take his statement and twist it to say that inflation has gone DOWN when he took office is completely asinine.  Even a child can understand this.  But you have shown yourself to be a clown in discussions on economy and inflation, so it's to be expected that you take a statement about inflation going up as proof that he said inflation was going down.

And this: "he created it" is another complete invalidation of anything you say regarding inflation and shows complete ignorance.  I'm not going to bother going into all the details of the $4T in covid stimulus unleashed by Trump or the obvious supply chain issues coming out of covid, but we'll stick to something very basic, but you can't grasp that "skyrocketing" means "increasing" but we'll try.

When did Biden take office?  January 20, 2021.

Inflation rate in Jan 2021? 1.4

Inflation rate in Feb 2021? 1.7

March 2021? 2.6

So we have increasing inflation now, it's obvious.  What did Biden do in his few weeks in office to create this?  You can't answer that.

Now we have another stimulus, $2T, on top of Trumps $4T.  This gets signed March 11, 2021.  This is the first thing that any logical person can point to that affected inflation.  Signed into law 2 months AFTER inflation just doubled.  So it CLEARLY did not create anything, but surely added to it.

April? 4.2

At this point we've achieved skyrocket, at a point where Biden signed stimulus which likely still did have any effect yet.

May? 5.0

Skyrocket continues.

I'm gonna help you out.  Fast forward to August 2022, Inflation reduction act, did some good things to lower inflation but also included a bunch more spending which didn't help.  At this point though inflation was already coming down thanks to rate cuts and some resolution to the global supply chain issues from covid along with energy production ramping up.  You can legitimately blame biden for the spending, absolutely.

But everything you said has been BS per usual.

 

 

Not settled. As provided, we know he lied about inflation.   And it could very well be true he did not comprehend it. This cannot be discounted given that he did not simply blame Trump....which was the obvious move.  Alternatively, he could have been well-aware of it and resisted that move because he felt it could be too easily proven that it was his stupid mistakes.... we likely never know for sure. 

Had he reacted to it properly, he could have smoothed out the impact....but instead he lied...for months and months....missing opportunities to decrease the harm to the lower classes in particular.....as if he ever cared about them in the first place.

[Ron_Artest 1,333]

4 minutes ago, RLLD said:

he did not simply blame Trump.

Thank you.

[BeachGuy23 642]

4 minutes ago, RLLD said:

 

Lying is not convincing anyone here.  It might work in your circles....who knows....you seem to lack any actual ability to critically analyze.  You are a mix of lying....through omission on occasion....or inability to comprehend...

 I don’t know what your problem is, but I’m guessing it’s hard to pronounce.

Let me try once again to get something through your childlike brain.  Is inflation a leading or lagging indicator?  What is a lagging indicator?

What Are Lagging Indicators? How Do They Differ From Leading Indicators?

In English, the verb “to lag” means to fall behind, and it usually appears with negative connotations. But in finance, lagging indicators are often just as important as leading indicators because they serve as confirmation that changes in patterns or trends have taken place.

Unlike leading indicators, which are forward-looking, lagging indicators don’t predict trends. Rather, analysts use them to verify that a shift or change in the market has occurred. Because the data or statistics they represent have already happened, lagging indicators are not conjecture; lagging indicators are accurate—in fact, some might even say lagging indicators are more important than leading indicators because they represent the truth.

 

Is Inflation a Lagging Indicator?

Yes, inflation can be considered a lagging indicator. Inflation is defined as a period of rising prices, and when prices go up, people can’t afford as much as they used to; therefore, inflation is also a period of declining purchasing power.

 

So the factors that create current inflation TOOK PLACE IN THE PAST.

Is that clear enough for your childlike brain to comprehend?  Holy phuk...SMH

 

https://www.thestreet.com/dictionary/lagging-indicator

[BeachGuy23 642]

8 minutes ago, RLLD said:

 

Lying is not convincing anyone here.  It might work in your circles....who knows....you seem to lack any actual ability to critically analyze.  You are a mix of lying....through omission on occasion....or inability to comprehend...

 I don’t know what your problem is, but I’m guessing it’s hard to pronounce.

HAHAHAHAHAHA

I just went through all the factors that Trump led to contribute to inflation, you agreed to most (even though you lied about domestic energy production) and yet you still claim that inflation would have stayed at 1.4% had Biden signed zero bills?

What a freaking childish moron you are..you legit argue like a handicapped person.

SMH

[RLLD 4,200]

9 minutes ago, Ron_Artest said:

Thank you.

Anytime, of course he is using that now....since he backed himself into a corner, he should have done it back then.....

[Ron_Artest 1,333]

4 minutes ago, BeachGuy23 said:

HAHAHAHAHAHA

I just went through all the factors that Trump led to contribute to inflation, you agreed to most (even though you lied about domestic energy production) and yet you still claim that inflation would have stayed at 1.4% had Biden signed zero bills?

What a freaking childish moron you are..you legit argue like a handicapped person.

SMH

They're all a bunch of dishonest ass holes.  No other way to put it.  I can understand ignorance, but when you refuse to accept facts and data, you can't claim ignorance anymore.  You're just a dishonest ass hole.

[BeachGuy23 642]

Just now, Ron_Artest said:

They're all a bunch of dishonest ass holes.  No other way to put it.  I can understand ignorance, but when you refuse to accept facts and data, you can't claim ignorance anymore.  You're just a dishonest ass hole.

And watch not a single cultist will respond to the fact that inflation is a LAGGING INDICATOR.

Won't hear a word about that fact.

They're all just childike sheep being led by their noses by a conman who hates them quite bigly.

Love this for them. 

[RLLD 4,200]

10 minutes ago, BeachGuy23 said:

Let me try once again to get something through your childlike brain.  Is inflation a leading or lagging indicator?  What is a lagging indicator?

What Are Lagging Indicators? How Do They Differ From Leading Indicators?

In English, the verb “to lag” means to fall behind, and it usually appears with negative connotations. But in finance, lagging indicators are often just as important as leading indicators because they serve as confirmation that changes in patterns or trends have taken place.

Unlike leading indicators, which are forward-looking, lagging indicators don’t predict trends. Rather, analysts use them to verify that a shift or change in the market has occurred. Because the data or statistics they represent have already happened, lagging indicators are not conjecture; lagging indicators are accurate—in fact, some might even say lagging indicators are more important than leading indicators because they represent the truth.

 

Is Inflation a Lagging Indicator?

Yes, inflation can be considered a lagging indicator. Inflation is defined as a period of rising prices, and when prices go up, people can’t afford as much as they used to; therefore, inflation is also a period of declining purchasing power.

 

So the factors that create current inflation TOOK PLACE IN THE PAST.

Is that clear enough for your childlike brain to comprehend?  Holy phuk...SMH

 

https://www.thestreet.com/dictionary/lagging-indicator

I do understand that you want to pretend somehow this is all Trump's doing.....

Are you sure that is the hill you want to die on?  That Biden entered office....and there was all this inflationary stuff, and he was just too stupid to see it all/  That is what you want to project? 

And then, when it manifested, it was so hidden....and secret....that he could not see it....for months...and months....that we had all this "Trump inflation" and Biden was too inept to see it for almost a year.  Hell, he even suggested it wasnt so bad.....

I am not sure you thought this tactic all the way through...

[RLLD 4,200]

7 minutes ago, BeachGuy23 said:

HAHAHAHAHAHA

I just went through all the factors that Trump led to contribute to inflation, you agreed to most (even though you lied about domestic energy production) and yet you still claim that inflation would have stayed at 1.4% had Biden signed zero bills?

What a freaking childish moron you are..you legit argue like a handicapped person.

SMH

You lied, save for one irrelevant element that I acknowledged, and I provided links that refuted your lies....but you will just ignore that....wont you

You’re a grey sprinkle on a rainbow cupcake.

[BeachGuy23 642]

3 minutes ago, RLLD said:

I do understand that you want to pretend somehow this is all Trump's doing.....

Are you sure that is the hill you want to die on?  That Biden entered office....and there was all this inflationary stuff, and he was just too stupid to see it all/  That is what you want to project? 

And then, when it manifested, it was so hidden....and secret....that he could not see it....for months...and months....that we had all this "Trump inflation" and Biden was too inept to see it for almost a year.  Hell, he even suggested it wasnt so bad.....

I am not sure you thought this tactic all the way through...

Inflation is a lagging indicator boyo.

I've as usual destroyed you with facts and your comeback is "Biden didn't blame Trump"

Are you aware just how feminine a response that is?

LAGGING INDICATOR

I hope you enjoyed the beatdown. 

[BeachGuy23 642]

3 minutes ago, RLLD said:

You lied, save for one irrelevant element that I acknowledged, and I provided links that refuted your lies....but you will just ignore that....wont you

You’re a grey sprinkle on a rainbow cupcake.

All of your links are OPINION pieces moron.

Domestic energy production contracted in 2020.

THAT'S WHAT'S CALLED A FACT

god you're a child...Inflation is a LAGGING indicator.  The damage Trump did to our economy took time to work its way through to CPI.

FACT

[RLLD 4,200]

3 minutes ago, BeachGuy23 said:

Inflation is a lagging indicator boyo.

I've as usual destroyed you with facts and your comeback is "Biden didn't blame Trump"

Are you aware just how feminine a response that is?

LAGGING INDICATOR

I hope you enjoyed the beatdown. 

So then, you insist that Biden is incompetent.....

That is not something I will be able to argue against....   maybe you are on to something here. It would explain the ongoing ruin to the lower classes to some extent.  

Or.....maybe you are something of a mix of a moron and liar.....that is still on the table as well

[RLLD 4,200]

3 minutes ago, BeachGuy23 said:

All of your links are OPINION pieces moron.

Domestic energy production contracted in 2020.

THAT'S WHAT'S CALLED A FACT

god you're a child...Inflation is a LAGGING indicator.  The damage Trump did to our economy took time to work its way through to CPI.

FACT

Nope.  I provided credible sources, to include BLS, oh wait....when they produce stats that do not feed your ideology are they then....no longer credible?

You are so full of shi!t, the toilet’s jealous.

[Hardcore troubadour 15,278]

Bought a brand new used car this week. The salesman was trying to sell me an EV and said that I would get thousands in rebates, tax breaks etc. When I said not interested he said sorry, we have to ask and that no one wants them.  

[Hardcore troubadour 15,278]

Energy prices up 30 pct under Biden. That’s a lot. 

[RLLD 4,200]

1 minute ago, Hardcore troubadour said:

Energy prices up 30 pct under Biden. That’s a lot. 

Yes they are up, but I can afford it....can you? I mean, its not those of means who are worrying.....

Moreover, if you have means you can work the market to your favor. Biden likes to help the wealthy at the expense of the poor.

[RLLD 4,200]

 

[Jose M 125]

6 hours ago, RLLD said:

I don’t know what your problem is, but I’m guessing it’s hard to pronounce.

 

6 hours ago, RLLD said:

You’re a grey sprinkle on a rainbow cupcake.

 

6 hours ago, RLLD said:

You are so full of shi!t, the toilet’s jealous.

[Jose M 125]

6 hours ago, Ron_Artest said:

They're all a bunch of dishonest ass holes.  No other way to put it.  I can understand ignorance, but when you refuse to accept facts and data, you can't claim ignorance anymore.  You're just a dishonest ass hole.

You're alone on an island with Boyosexual.  Possibly the dumbest "guy" in finance ever. 

Let that marinate because it should tell you something. 

[EternalShinyAndChrome 4,037]

14 minutes ago, Jose M said:

You're alone on an island with Boyosexual.  Possibly the dumbest "guy" in finance ever. 

Let that marinate because it should tell you something. 

Both are boyosexuals who cruise the same ghey bodybuilding forum looking for twinks. 

[BeachGuy23 642]

1 hour ago, Jose M said:

You're alone on an island with Boyosexual.  Possibly the dumbest "guy" in finance ever. 

Let that marinate because it should tell you something. 

Guess I have to school you boyos on what a lagging indicator is just like I did in so many other financial matters.

A lagging indicator means the actions that created the results happened BEFORE the results were measured.

Morons

[BeachGuy23 642]

46 minutes ago, EternalShinyAndChrome said:

Both are boyosexuals who cruise the same ghey bodybuilding forum looking for twinks. 

No need to keep repeating the same homo mating call with every post my closeted friend.

Tony/Horsegirl/Roger/Jose/+++ heard you loud and clear and she's ready to accommodate your perverted needs.

Twink on twink.

SAD

[Hardcore troubadour 15,278]

6 minutes ago, BeachGuy23 said:

Guess I have to school you boyos on what a lagging indicator is just like I did in so many other financial matters.

A lagging indicator means the actions that created the results happened BEFORE the results were measured.

Morons

No worries. It’s transitional. It’s like when your wife started getting fat really fast but then got fat at a slower pace.  She’s not getting fat as fast as before, but she’s still fat and getting fatter. 

[BeachGuy23 642]

Just now, Hardcore troubadour said:

No worries. It’s transitional. It’s like when your wife started getting fat really fast but then got fat at a slower pace.  She’s not getting fat as fast as before, but she’s still fat and getting fatter. 

Your need to use personal insults beyond me really show the lack of character you possess.  Not too long before the medical insults ratchet back up.

Standard low IQ cultist. 

[Hardcore troubadour 15,278]

1 minute ago, BeachGuy23 said:

Your need to use personal insults beyond me really show the lack of character you possess.  Not too long before the medical insults ratchet back up.

Standard low IQ cultist. 

It’s not like I called your kids stupid. And your wife can always get on ozempic. 

[BeachGuy23 642]

Just now, Hardcore troubadour said:

It’s not like I called your kids stupid. And your wife can always get on ozempic. 

Just be true to yourself boyo.  Note I've never mentioned your wife or your kids or anything medical you may have going on.

Just keep my insults to your obvious lack of intelligence which you display here everyday and in your choice of careers. 

[Ron_Artest 1,333]

3 minutes ago, BeachGuy23 said:

Just be true to yourself boyo.  Note I've never mentioned your wife or your kids or anything medical you may have going on.

Just keep my insults to your obvious lack of intelligence which you display here everyday and in your choice of careers. 

HT is definitely one of the lower character people that post here, don't take it personal.  He's just garbage.

[Jose M 125]

Doesn't even deny he married a fatty.  Losers are so predictable.  

[Hardcore troubadour 15,278]

57 minutes ago, BeachGuy23 said:

Just be true to yourself boyo.  Note I've never mentioned your wife or your kids or anything medical you may have going on.

Just keep my insults to your obvious lack of intelligence which you display here everyday and in your choice of careers. 

Must have been one of your aliases. I can’t know for sure, so I’ll take it back. 

[Ron_Artest 1,333]

30 minutes ago, Jose M said:

Doesn't even deny he married a fatty.  Losers are so predictable.  

Not all of us are insecure like you and need to post about their HOT WIFE

[Hardcore troubadour 15,278]

13 minutes ago, Ron_Artest said:

Not all of us are insecure like you and need to post about their HOT WIFE

You so seem secure. Did they up the dosage? 

[TimHauck 2,734]

13 hours ago, Jose M said:

. Has no idea who Jamie Dimon is.

@RLLD had no idea who Michael Burry is, and thinks the current economy is worse for the lower classes than after the 2008 crash

[The Real timschochet 6,657]

Inflation goes up slightly and all the dudes in here have a circle jerk- Trump is sure to win now! So stupid. 

[Maximum Overkill 1,915]

 

[BeachGuy23 642]

Hey guise, there are more job openings than people, massive GDP growth, massive wage growth, markets at all time highs....BUT

Inflation is at 3.5%!!!!!

The world is ending...oh wait, 3.5% is actually a historically low inflation percentage and way lower than the skyrocketing inflation Trump left for Biden.

Moron cultist gonna moron cultist.

[Maximum Overkill 1,915]

 

[Maximum Overkill 1,915]

 

[Hardcore troubadour 15,278]

If the economy is so great why do student loans need forgiving? 

[RLLD 4,200]

10 hours ago, TimHauck said:

@RLLD had no idea who Michael Burry is, and thinks the current economy is worse for the lower classes than after the 2008 crash

Correct.   Nothing you have stated refutes the current lived experiences of the lower economic strata, and notably the student forgiveness will make it worse....

[Engorgeous George 2,290]

On 4/12/2024 at 7:01 AM, BeachGuy23 said:

Please aware us how Biden created inflation rather than Trump's reckless spending, bullying the Fed to keep rates near 0, and destruction of supply chain.

Aware us how Biden managed to triple inflation less than 3 of being in office.

It's astounding to think there are people as stupid as you in this country whose vote counts as much as mine.

And child, use FACTS not your FEELZ.

How does one bully the Fed?

How does one destroy the supply chain.  I can see presiding oiver budgetary allocations which ignore infrastructure but that is a passive act, not an active one like destroying something, and the President has little say over the budget congress passes.

As for contributing to inflation within 3 months of getting into Office he may have done so by signaling to the capital markets his intentions when it came to oil production in this country which had economies in the Dakota, Montana, Wyoming, and western Colorado doing extremely well.  Maybe not.  I am told presidents have little to do with economic trends, but I notice how swiftly the markets reacted negatively this week to a small bit of bad inflation news and Biden pronouncing his stance on the matter.