CPI up up and away!!! Inflation over 5%

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  • MinnesotaFats
    SBR Posting Legend
    • 12-18-10
    • 14758

    #1
    CPI up up and away!!! Inflation over 5%
    https://www.cnbc.com/2021/07/13/consumer-price-index-increases-5point4percent-in-june-vs-5percent-estimate.html

    Just ridiculous

    Guys been in office 7 months and has the value of the dollar halved and nobody wants to work.

    If you think this is transitory you're insane. Joe Biden is Jimmy Carters economy on Crack. Just wait till 2nd/3rd qtr next year when he nationalizes wage & price controls on everyday consumer goods. He'll have no choice, at this pace, a box of diapers is going to be $100, a 24 pk of Diet Coke will be $11.99.

    If they jack up rates the markets will implode, especially the growth stocks....
  • Sanity Check
    SBR Posting Legend
    • 03-30-13
    • 10962

    #2
    Comment
    • TommieGunshot
      SBR MVP
      • 03-27-12
      • 1604

      #3
      Originally posted by MinnesotaFats
      If they jack up rates the markets will implode, especially the growth stocks....
      This means that if the markets don't implode everything will be ok and if you had any sense of honesty, then they guy who has been in office the past 7 months should be given credit for it (since you are already blaming him for problems that have not even happened yet).

      Financial markets are up much more than inflation this year, which means the only people worse off are those who are too lazy to work and earn money to invest. It is crazy to think that there are people who might struggle if they ever have to pay 50-cents for a can of soda.
      Comment
      • MinnesotaFats
        SBR Posting Legend
        • 12-18-10
        • 14758

        #4
        Originally posted by TommieGunshot
        This means that if the markets don't implode everything will be ok and if you had any sense of honesty, then they guy who has been in office the past 7 months should be given credit for it (since you are already blaming him for problems that have not even happened yet).

        Financial markets are up much more than inflation this year, which means the only people worse off are those who are too lazy to work and earn money to invest. It is crazy to think that there are people who might struggle if they ever have to pay 50-cents for a can of soda.
        ??

        That's the conclusion you drew from that? I mean, honestly, an 8th grade economics kid would infer a better judgment than that.

        Financial markets up ONLY on the Fed, there is nothing else. It's the Fed printing money, the Federal Government stimulus, the Fed keeping rates at 0 way too long and as such leaving investors nowhere else to put there money (bills returning negative when looking at inflation now)

        This is the most ads backwards, fukked up economics situation I've seen in my lifetime and it all took off w a party line unneeded/ unwanted stimulus vote that was used as a political tool.

        ...and 50 cents for a soda? You can't get a 12 oz can at Wal Mart out the door for less than a buck.
        Comment
        • cincinnatikid513
          SBR Aristocracy
          • 11-23-17
          • 45360

          #5
          at least we dont' have a nut job tweeting at all hours of the night whining and complaining how unfair things are
          Comment
          • BrickJames
            SBR Hall of Famer
            • 05-05-11
            • 9749

            #6
            At least the guys at McDonald's are making $15 an hour now, in a year they won't even be able to afford a Big Mac for that! Hahahahaha
            Comment
            • themike78
              SBR MVP
              • 07-01-13
              • 4873

              #7
              Originally posted by cincinnatikid513
              at least we dont' have a nut job tweeting at all hours of the night whining and complaining how unfair things are
              And this is the exact reason why the country is being destroyed. Idiot voters were more concerned with Trumps tweets than they were on how he handled the economy. Trump had the country the best it's ever been but jerkoffs would rather have a "nice guy" as President.
              Comment
              • cincinnatikid513
                SBR Aristocracy
                • 11-23-17
                • 45360

                #8
                Originally posted by themike78
                And this is the exact reason why the country is being destroyed. Idiot voters were more concerned with Trumps tweets than they were on how he handled the economy. Trump had the country the best it's ever been but jerkoffs would rather have a "nice guy" as President.
                no just someone who is not mentally ill
                Comment
                • TommieGunshot
                  SBR MVP
                  • 03-27-12
                  • 1604

                  #9
                  Originally posted by MinnesotaFats
                  This is the most ads backwards, fukked up economics situation I've seen in my lifetime and it all took off w a party line unneeded/ unwanted stimulus vote that was used as a political tool.
                  You are blaming someone for a prediction you think will happen. If your prediction of market implosion does not happen, will you give them credit, or will you do what all the other Liberals do, and move the goal posts to a place where you can while how horrible things are for you in America?
                  Originally posted by MinnesotaFats
                  ...and 50 cents for a soda? You can't get a 12 oz can at Wal Mart out the door for less than a buck.
                  I thought it was very weird that you brought up the idea of soda increasing to 50-cents a can as some bad thing that is going to happen to us.
                  Comment
                  • TommieGunshot
                    SBR MVP
                    • 03-27-12
                    • 1604

                    #10
                    Originally posted by themike78
                    And this is the exact reason why the country is being destroyed. Idiot voters were more concerned with Trumps tweets than they were on how he handled the economy. Trump had the country the best it's ever been but jerkoffs would rather have a "nice guy" as President.
                    What was it about the economy from 2017-20 that made it better than the years prior, or the year after?
                    Comment
                    • BrickJames
                      SBR Hall of Famer
                      • 05-05-11
                      • 9749

                      #11
                      Originally posted by TommieGunshot
                      What was it about the economy from 2017-20 that made it better than the years prior, or the year after?
                      Record low unemployment, record high stock market, record low unemployment for blacks. 1% inflation.
                      Comment
                      • TommieGunshot
                        SBR MVP
                        • 03-27-12
                        • 1604

                        #12
                        Originally posted by BrickJames
                        Originally posted by TommieGunshot
                        What was it about the economy from 2017-20 that made it better than the years prior, or the year after?
                        Record low unemployment, record high stock market, record low unemployment for blacks. 1% inflation.
                        After just seven months, stock market is about 14% higher now than it was at any time from 2017-20: https://www.wsj.com/market-data/quot...torical-prices

                        Unemployment rates in the years before 2017 and the seven months after never reached the highs of 17-20. Overall average unemployment from 13-16 and 21 is lower than 17-20: https://tradingeconomics.com/united-...mployment-rate

                        Inflation from 2017-20 was higher than 13-16: https://www.macrotrends.net/countrie...ation-rate-cpi

                        But like most of the radical left, I'm sure you will go ahead and not let facts get in the way of good lies.
                        Comment
                        • BrickJames
                          SBR Hall of Famer
                          • 05-05-11
                          • 9749

                          #13
                          Wrong
                          Comment
                          • firstclass
                            SBR MVP
                            • 12-10-08
                            • 2652

                            #14
                            Biden=We are FKD
                            Comment
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