Mindset of Chairman Powell

[zdreg]

his can't go on....sad so sad

There will be a tipping point. There always is one.

 

[savoir]

***
Regular unleaded gas is now $4.30 a gallon. The average fuel tank capacity is 16 gallons. To fill a tank costs $68.80.... Rent in a rundown 1 bedroom apartment is $720.00 per month.
***

You are in Texas. Doesn’t sound too bad.

$6.39 per gallon at the local Chevron here. Cost me over $150 to fill up my truck.

Don’t know much about rents around here. Probably can’t rent a dog house for $720/mo.

 

[TazTheLaz]

We need to revive Saint Reagan and Volcker.

 

[cesfx]

When money costs you nothing all discipline is lost. This central bank has ZERO discipline. The central bank is crushing the weakest. Regular unleaded gas is now $4.30 a gallon. The average fuel tank capacity is 16 gallons. To fill a tank costs $68.80.... Rent in a rundown 1 bedroom apartment is $720.00 per month.

This is so tragic living standards are collapsing for the weakest in society. These very people who voted for Biden.
Yet whats the Cebtral Bank doing...absoulity nothing. All they do is talk. This can't go on....sad so sad.

Unfortunately it can go on.
Europe: full tank cost x2 Usa, rent sounds similar, salaries worse.

 

[piezoe]

When money costs you nothing all discipline is lost. This central bank has ZERO discipline. The central bank is crushing the weakest. Regular unleaded gas is now $4.30 a gallon. The average fuel tank capacity is 16 gallons. To fill a tank costs $68.80.... Rent in a rundown 1 bedroom apartment is $720.00 per month.

This is so tragic living standards are collapsing for the weakest in society. These very people who voted for Biden.
Yet whats the Cebtral Bank doing...absoulity nothing. All they do is talk. This can't go on....sad so sad.

You're right! The Oilers lost to the Avalanche (again!), and what is the Central Bank doing about it ... absolutely nothing! It's criminal I tell you. Why doesn't Powell pump more oil, lower the cost of rent, bring down shipping costs and grow more wheat. What the hell is he waiting for.

 

[MacBookProHo]

$6.39 per gallon at the local Chevron here. Cost me over $150 to fill up my truck.

Just last month....I was thinking....soon, it will costs the average American $200 to fill up their tank.
Now, that's just around the corner. Things are bad. Not many people can afford to spend $200 to fill up their tank often.