Comical. Sounds like more donk misinformation. It’s too much money chasing too few goods.
It ain’t rocket science and it ain’t evil corporations.
Comical. Sounds like more donk misinformation. It’s too much money chasing too few goods.
I don't disagree with any of that (accepting that "Brandon" has become a popular term among those o the right for "Biden"). 14% is close for the increase in CPI since January, 2021 as the calculator I've been referencing puts it at 13.2% as of August. But I do think having a bunch of the people who are relatively in the middle politically know that a pattern of constant and significant month to month increases that started with January, 2021 (I'll have another post on that) stopped with July. That's what I think people are looking for. They're looking for the price increases to stop. And they have. Or at least they did during July and August. We'll find out about September during early October.AZGrizFan wrote: ↑Sun Sep 25, 2022 9:12 amYou mean the majority of MORONS. Inflation is reported year-over-year. Has been for decades. So when it was actually 15-16% on an annualized basis they got the benefit of it only being reported as 5-7%, and now that it’s finally slowed, they get the non-benefit of it being reported as 8.3-8.5%. The fact that it’s stopped going UP doesn’t change the fact that shit is 8.5% more expensive than last year, and about 14% more expensive than when Brandon took office, because don’t forget, the 8% # is on TOP OF the 6-7% increase in 2021.JohnStOnge wrote: ↑Sun Sep 25, 2022 7:12 am
Yes I took one economics class in college. I THINK I took one in high school but that's getting to be in the realm where I can't remember for sure. It's a good thing that whether I took one or not has absolutely nothing to do with the math involved because i remember absolutely nothing about it.
The CPI did not rise during July or August, 2022, after consistently rising at monthly rates that translate into annual rates way above what people would like to see during each of the previous 6 months of the year. That is just an objective fact.
Let's say there is 0 change in the CPI during the current month. That would mean three months during which the CPI declined slightly during the first two then was flat during the third. But if that were to happen, when the September, 2022, inflation rate is reported during early October, an 8% September inflation rate will be reported because the June, 2022 CPI was already 8% higher than the September 2021 CPI was. The CPI declined slightly during July and August, but not enough to bring the difference between September 2022 and September 2021 to below 8.0% to the nearest 10th of a percentage point.
I think that the overwhelming majority of the people who see something like the August, 2022, inflation rate reported as 8.3% interpret that to mean the CPI increased during August. They think it indicates that prices are currently rising at an alarming rate. And they haven't been. Again: The CPI has been flat for two months. The last two months have been different. I went back through through December 2020 - January 2021. The CPI increased during each of the 18 months January 2021 through June 2022. Now it has declined for two straight months. But, unfortunately for the Democrats, virtually nobody is going to realize that something has changed even if the same thing happens in September because of the way in which inflation is reported. They are going to see 8% and think the CPI is still increasing.
And all of that is true whether I ever took an economics course or not.
No, economics is not rocket science. It is far less certain. With respect to inflation: As has bee noted I am not an economist. But I can see that different economists have different views on the impact of government spending. See the discussion at https://www.stlouisfed.org/on-the-econo ... -inflation for an example of an economist who was then with Federal Reserve Bank of St. Louis and who thought government spending has little if any impact:
And of course one can find economists who think otherwise. I've tried just looking at data myself to see if there is an obvious association between deficit spending as a percent of GDP and inflation rate in the United States. There isn't any on a year by year basis. I did see some evidence of an association if you lag 2 or 3 years so that you're comparing deficit spending in a given year to inflation rate 2 or 3 years later. But even then deficit in a given year accounted for only 7 percent of the variation in inflation rate two years later and only 8 percent in it three years later.Across the board, we found almost no effect of government spending on inflation. For example, in our benchmark specification, we found that a 10 percent increase in government spending led to an 8 basis point decline in inflation. Moreover, the effect is not statistically different from zero.
AZGrizFan wrote: ↑Sun Sep 25, 2022 6:18 pm For JSO:
A) Inflation by definition is too much money chasing too few goods. REALLY REALLY high inflation is when the government pours gasoline on an already lit fire by printing money by the hundreds of billions and injecting it into an economy that already has a supply problem.
B) Brandon OWNS this shit. It started literally as soon as he was elected. And his administration has fucked up at every opportunity to tamp it down. His Fed waited a YEAR too long before raising rates, claiming (falsely) that the inflation was “transitory”. HIS administration passed more unneeded stimulus packages and trillion $$ spending packages all which poured more gasoline on the fire. HIS administration attempted to REDEFINE what a recession is, despite the fact it’s been an agreed upon definition for over 75 years. HIS administration’s transportation secretary felt it was more important to be on paternity leave than to do his fucking job and help try and solve the supply chain issues that continue to persist. HIS (and YOUR) party is the one that is forcing EV’s on everyone and killing the fossil fuels industry, despite the fact the average American can’t afford an EV and the average EV can’t/won’t operate effectively in about 75% of the country. HIS administration gleefully noted that the gasoline crisis would expedite the conversion to EV’s despite the fact that our electrical grid is nowhere NEAR ready to be able to handle a 5% increase in EV’s, let alone a 95% increase like is being mandated in California and other bluetarded states. HIS administration has downplayed the impact of the inflation, the cost of fuel, the cost of electricity, the cost of food (going up at the fastest rate since 1979, by the way) and the cost heating oil on the average American and continually spews misinformation regarding where we stand as a country regarding getting inflation under control. HIS Fed, after sitting on their thumps for 12 months too long, now has made THREE consecutive 75 bp increases, the three largest increases since 1994 and the fastest rate increase in HISTORY during rising rate periods. HIS inflation shut down pipelines, cancelled drilling leases, and demonized fossil fuels companies all while oil was spiking and people were getting killed at the gas pumps.
He owns it. Lock stock and two smoking barrels. And no amount of donk-like rewriting of history by you can change that.
Just setting idiots like you and JSO straight. Like I’ve been doing on this site for years.houndawg wrote: ↑Mon Sep 26, 2022 2:30 amAZGrizFan wrote: ↑Sun Sep 25, 2022 6:18 pm For JSO:
A) Inflation by definition is too much money chasing too few goods. REALLY REALLY high inflation is when the government pours gasoline on an already lit fire by printing money by the hundreds of billions and injecting it into an economy that already has a supply problem.
B) Brandon OWNS this shit. It started literally as soon as he was elected. And his administration has fucked up at every opportunity to tamp it down. His Fed waited a YEAR too long before raising rates, claiming (falsely) that the inflation was “transitory”. HIS administration passed more unneeded stimulus packages and trillion $$ spending packages all which poured more gasoline on the fire. HIS administration attempted to REDEFINE what a recession is, despite the fact it’s been an agreed upon definition for over 75 years. HIS administration’s transportation secretary felt it was more important to be on paternity leave than to do his fucking job and help try and solve the supply chain issues that continue to persist. HIS (and YOUR) party is the one that is forcing EV’s on everyone and killing the fossil fuels industry, despite the fact the average American can’t afford an EV and the average EV can’t/won’t operate effectively in about 75% of the country. HIS administration gleefully noted that the gasoline crisis would expedite the conversion to EV’s despite the fact that our electrical grid is nowhere NEAR ready to be able to handle a 5% increase in EV’s, let alone a 95% increase like is being mandated in California and other bluetarded states. HIS administration has downplayed the impact of the inflation, the cost of fuel, the cost of electricity, the cost of food (going up at the fastest rate since 1979, by the way) and the cost heating oil on the average American and continually spews misinformation regarding where we stand as a country regarding getting inflation under control. HIS Fed, after sitting on their thumps for 12 months too long, now has made THREE consecutive 75 bp increases, the three largest increases since 1994 and the fastest rate increase in HISTORY during rising rate periods. HIS inflation shut down pipelines, cancelled drilling leases, and demonized fossil fuels companies all while oil was spiking and people were getting killed at the gas pumps.
He owns it. Lock stock and two smoking barrels. And no amount of donk-like rewriting of history by you can change that.
nice rage-queefing Z.......didn't realize you were still carrying so much butthurt from the last election.
He’s right. They know nothing. Purely politicized at this point.
somebody is a bit peevish today...touch a nerve did we?
Wharton?
The only thing she has going for her (assuming it is not a parody of democratic talking points) is her tits. Kept hoping she would switch to a third person and show a bikini.
Says the guy who calls facts “rage queefing”. But I’m sure you’re the expert on queefing, so I’ll defer.
Economists and astrologers are pretty much the same thingJohnStOnge wrote: ↑Sun Sep 25, 2022 3:29 pmNo, economics is not rocket science. It is far less certain. With respect to inflation: As has bee noted I am not an economist. But I can see that different economists have different views on the impact of government spending. See the discussion at https://www.stlouisfed.org/on-the-econo ... -inflation for an example of an economist who was then with Federal Reserve Bank of St. Louis and who thought government spending has little if any impact:
And of course one can find economists who think otherwise. I've tried just looking at data myself to see if there is an obvious association between deficit spending as a percent of GDP and inflation rate in the United States. There isn't any on a year by year basis. I did see some evidence of an association if you lag 2 or 3 years so that you're comparing deficit spending in a given year to inflation rate 2 or 3 years later. But even then deficit in a given year accounted for only 7 percent of the variation in inflation rate two years later and only 8 percent in it three years later.Across the board, we found almost no effect of government spending on inflation. For example, in our benchmark specification, we found that a 10 percent increase in government spending led to an 8 basis point decline in inflation. Moreover, the effect is not statistically different from zero.
Now, i do understand that supply and demand is dominant in determining prices. Like for instance if we have a short supply of vehicles because of the microchip shortage so that demand exceeds supply motor vehicles are more expensive. But I have my doubts about whether the spending to respond to COVID-19 is the predominant factor in the inflation we've seen. I think it's very possible that the disruptions caused by COVID-19 are more of a factor.
Uh, yeah. That's what inflation and a recession do to savings. Notice those really big jumps in Dec '20 and the bigger one in Mar '21. Nothing like pouring gasoline on a fire when it comes to government excessive spending in an already hot economy. But hey, that's the new model of liberal economic thought - government spending is free money, just print more. Genius.
Bump. 8.2%BDKJMU wrote: ↑Tue Jul 12, 2022 2:29 pm 2021
Jan: 1.4% (Biden enters office)
Feb: 1.7%
March: 2.6%
April: 4.2%
May: 5.0%
June: 5.4%
July: 5.4%
Aug: 5.3%
Sept: 5.4%
Oct: 6.2%
Nov: 6.8%
Dec: 7.0
2022:
Jan: 7.5%
Feb: 7.9%
March: 8.5%
April: 8.3%
May: 8.6%
June: 9.1%
July 8.5%
Aug 8.3%
Sept 8.2%
https://www.usinflationcalculator.com/i ... ion-rates/
..peacefully and patriotically make your voices heard..
JMU Football: 2022 & 2023 Sun Belt East Champions...But you have to go home now. We have to have peace…
..I know how you feel, but go home, and go home in peace.
Weird economy…BDKJMU wrote: ↑Thu Oct 13, 2022 6:33 amBump. 8.2%BDKJMU wrote: ↑Tue Jul 12, 2022 2:29 pm 2021
Jan: 1.4% (Biden enters office)
Feb: 1.7%
March: 2.6%
April: 4.2%
May: 5.0%
June: 5.4%
July: 5.4%
Aug: 5.3%
Sept: 5.4%
Oct: 6.2%
Nov: 6.8%
Dec: 7.0
2022:
Jan: 7.5%
Feb: 7.9%
March: 8.5%
April: 8.3%
May: 8.6%
June: 9.1%
July 8.5%
Aug 8.3%
Sept 8.2%
https://www.usinflationcalculator.com/i ... ion-rates/
Up over 15% since Brandon entered office.
FJB.
Guess Biden has to get out there and lambaste the poultry farmers for being price gougers, tell them to only charge what it costs them to gather eggs and to raise chickens. Big Poultry must have a heckuva lobbying arm to not already be included in the price gouger group.
..peacefully and patriotically make your voices heard..
JMU Football: 2022 & 2023 Sun Belt East Champions...But you have to go home now. We have to have peace…
..I know how you feel, but go home, and go home in peace.
Well, on the bright side, it's good to see awareness dawning in the administration of their central role in unleashing the inflation monster onto ours, as well as the global economy. They certainly will continue to say things like "Putin" and "animal spirits" and stuff like that, but there's seldom been such a clear line from economic policies/legislation to inflation as what happened here. Still doesn't excuse the Fed's actions (or lack of actions) in also letting inflation get out of hand, but the reasons for inflation running away are pretty easy to see.