Inflation highest in 30 years. Prices up 6.2% year over year.

[Pseudonym]

What an amazing piece of history to witness.

I’ll double the donation effort to charities this season. I definitely know what it’s like to live check to check and then to have prices and rent go up at the same time?


Edit:

If you’re able, give what you can in private. It’ll come back to you ten fold.

How to donate food to a food bank this Thanksgiving | Feeding America


I wish I was a billionaire

 

[Vandelay]

you guys are trying to sound smart and shyt as if the government doesnt' know what they are doing and had not planned this all out ahead of time

The government didn't know what they were doing...NO ONE did, that's why we're in this mess. Business likes consistency not volatility.

But get your laugh on because no one else in this thread is laughing with you.

Cool screen name tho.

 

[CrimsonTider]

Except it isn't. Businesses set their forward looking expectations/budgets based on current and preceding costs/inputs. When inputs have been rising in costs month over month they’re not going to say “ohh this transitory”. The bake in their forecasts on today’s data.

That’s why they say inflation is a self-fulfilling cycle.

They can only charge what people are willing to pay

prices are up due to limited resources and the shipping bottleneck

 

[Magic Mulatto]

It’s over, brehs…

Let your kids know…

 

[phcitywarrior]

They can only charge what people are willing to pay

prices are up due to limited resources and the shipping bottleneck

And that’s the 2nd part of it. Just as businesses adjust, consumers do too as well.

Consumers adjust to new prices as well and bake those prices into their expectations.

 

[GPBear]

funny how the economy always goes to shyt as soon as republican presidents policies start coming into effect

 

[Rell Lauren]

 

[Rell Lauren]

How did they make the situation worse?

They dropped napalm onto a burning fire and said that it was transitory. Paul Tudor Jones, Jamie Dimon and Larry Summers were sounding the alarm months ago while the Administration kept lying to the public. Summers, who's not on the Right, called out 46s reckless economic policy and doubled down on it a few days ago.

 

[that guy]

So what about all the other countries in the world why are they also seeing inflation is that also because American Spending??

One reason is because America exports its inflation because oil is traded American dollars. Every country in the world needs oil so they have to convert their currency to dollars. The more inflation we experience the more money they have to pay.

 

[that guy]

majority of americans don't have any money to put in "investments"
ya'll sound like some of those people that say pull yourself up by the bootstraps

That’s because majority of Americans are financially illiterate. The same people that don’t have money for investments have 70 inch TVs and drive nicer cars than people that make double their yearly salary.

 

[that guy]

The government didn't know what they were doing...NO ONE did, that's why we're in this mess. Business likes consistency not volatility.

But get your laugh on because no one else in this thread is laughing with you.

Cool screen name tho.

They definitely knew. This is all part of “the great reset” it’s like the old saying goes “out of chaos comes order”

 

[BaggerofTea]

Cut taxes in the fat years so you cant cut taxes in the learn years brehs

 

[BaggerofTea]

They dropped napalm onto a burning fire and said that it was transitory. Paul Tudor Jones, Jamie Dimon and Larry Summers were sounding the alarm months ago while the Administration kept lying to the public. Summers, who's not on the Right, called out 46s reckless economic policy and doubled down on it a few days ago.

Cut taxes when your economy is bullish so you cant cut taxes in a bearish market.

And you Caucasian ass is talking about policies that had no effect on the current situation

 

[Kings County]

this has nothing to do with biden tho lmao
them free checks have a price
and yalll think they gon give nikkas reoperations

 

[KyokushinKarateMan]

Yall sound like yall ready to turn MAGA2024