Biden’s job approval takes nosedive

[TreeFrogTrader]

blah. Anyway, it is remarkable to be in a pandemic and the contention on inflation is whether or not at the tail end it will be 2 or 4 percent.

I get you’ll spin all of this because you have an agenda but it is remarkable, truly, that the swings were only -2 - +6 in an economy so globally connected.

Take a look at what happened in the Spanish flu years and the subsequent deflation after.

View attachment 273001

The truth is we have learned a lot about economics since the last pandemic and last stock market collapse. The Fed economic policies and federal government on whole in 2008 and 2020 really did a good job of maintaining the economy.

Oh, I get that the pandemic is being pumped up as the wildcard to use to explain away inflation (and everything else).

Didn't you and your ilk know that we had a pandemic in progress when you were foisting this "transitory" bullshiite on us? Oh, I see "omicron" which sounds very much like a replay of "we did not know about "Delta." Truth is, they don't know much about anything.

Oh, that's right. Biden's area of expertise is "foreign affairs." Howz that workin out?

 

[UsualName]

Ok Professor..
Did anything significant happen between your red lines...Something that might have created incredible demand for all goods, say between 2016-1920
Same pattern also starting 1942

 

[UsualName]

Oh, I get that the pandemic is being pumped up as the wildcard to use to explain away inflation (and everything else).

Didn't you and your ilk know that we had a pandemic in progress when you were foisting this "transitory" bullshiite on us? Oh, I see "omicron" which sounds very much like a replay of "we did not know about "Delta." Truth is, they don't know much about anything.

Oh, that's right. Biden's area of expertise is "foreign affairs." Howz that workin out?

Inflation is pandemic related and yes it is transitory. But yes you do have a point about know unknowns, ie potential variants but those are not predictable. So yes adjustments have to be made based on that. Also, you have to respect the power of stupid. There is a great amount of people unwilling to get vaccinated too. I have to admit I did not see that coming either.

Still no matter what you all say, this economy is a juggernaut and can withstand the current levels of inflation. The main risk is downside deflation, continued labor shortages and too strong of a US dollar.

 

[TreeFrogTrader]

Inflation is pandemic related and yes it is transitory. But yes you do have a point about know unknowns, ie potential variants but those are not predictable. So yes adjustments have to be made based on that. Also, you have to respect the power of stupid. There is a great amount of people unwilling to get vaccinated too. I have to admit I did not see that coming either.

Still no matter what you all say, this economy is a juggernaut and can withstand the current levels of inflation. The main risk is downside deflation, continued labor shortages and too strong of a US dollar.

Well, good luck, Baghdad Bobbing your way through the next year by shoveling charts and graphs at voters.

Even Larry Summers gagged on it and will not go down that road.

 

[UsualName]

Well, good luck, Baghdad Bobbing your way through the next year by shoveling charts and graphs at voters.

Even Larry Summers gagged on it and will not go down that road.

People don’t want to break down complex issues. They want the drive thru version and they want results fast. Charts and graphs don’t work for most people and that’s fine. They wanted this over last spring/summer and we blew right that and going into another winter of disease and Biden and democrats bear the weight of the weight. He asked for the job and he got it, same as Trump.

As to Summers, he’s a good economist and I read his stuff on inflation and I disagree. The way I see this playing out is the down stream is the problem for the reasons mentioned before.

 

[ipatent]

 

[Tony Stark]

Surprised Brandon's numbers aren't lower.

2024 will be the first time in my life I didn't vote for the democrat nominee for president.Great job Joe.

 

[El OchoCinco]

The logsitics portion of inflation should deflate a bit 2nd half of 2022 and this is not something to laugh at since we import almost everything from finished good to raw materials. vegetable oils and crude oil will still stay up but they should stay off the highs for a bit. Post event inflations tend to recede when the events themselves soften or reduce in intensity.

As usual people want to naively claim Red or Blue but if that lets them cover their ignorance of economics and current events then so be it.

 

[Mercor]

View attachment 273003

Not sure your point
It looks like the Spanish Flu had little effect on CPI
Wave 1 was flat then higher....wave 2 went up then down.....wave 3 went down
Demand for goods was higher until year 1920 because of the destruction in Europe

 

[Cuddles]

blah. Anyway, it is remarkable to be in a pandemic and the contention on inflation is whether or not at the tail end it will be 2 or 4 percent.

I get you’ll spin all of this because you have an agenda but it is remarkable, truly, that the swings were only -2 - +6 in an economy so globally connected.

Take a look at what happened in the Spanish flu years and the subsequent deflation after.

View attachment 273001

The truth is we have learned a lot about economics since the last pandemic and last stock market collapse. The Fed economic policies and federal government on whole in 2008 and 2020 really did a good job of maintaining the economy.