Julie Anna Potts, president of the North America Meat Institute, an industry trade group, disputed the White House’s claims, saying the price increases are driven by “rising input costs, rising fuel costs, supply chain difficulties and labor shortages.”
These statements about transitory inflation are bs, it is INFLATION!
- Thread starter wildchild
- Start date
Global commodities spiking long before Russia invaded Ukraine
10/2021
10/2021
Used vehicle prices, which have been a major component of the inflation increase during the Covid pandemic due to supply chain constraints that have limited new vehicle production, rose another 3.5% in December, bringing the increase from a year ago to 37.3%.
Food prices have jumped 6.1% over the year, while used car and truck prices, a major contributor to the inflation burst, are up 31.4%, following a 2.5% increase last month.
Food prices have jumped 6.1% over the year, while used car and truck prices, a major contributor to the inflation burst, are up 31.4%, following a 2.5% increase last month.
Fed officials largely attribute rising inflation pressures to pandemic-specific issues in which a shortage of workers has led to clogged supply chains and empty store shelves. Though there are signs the omicron variant cases could peak soon, lingering Covid issues combined with cold weather in the Northeast point “to renewed upward pressure on food prices,” wrote Paul Ashworth, chief U.S. economist at Capital Economics.
1/2022
1/2022
Fed officials have attributed the inflation jump to factors associated with the pandemic. Strong consumer demand for goods and supply chain bottlenecks have been major factors, though the price increases have been stronger and more persistent than policymakers had anticipated.
“There’s no question no matter how you look at it, even if you take out the extremes caused by the pandemic, it’s still very high inflation,” said Randy Frederick, managing director of trading and derivatives at Charles Schwab. “This is still supply chain disruption, semiconductor-related inflation.”
12/2021
“There’s no question no matter how you look at it, even if you take out the extremes caused by the pandemic, it’s still very high inflation,” said Randy Frederick, managing director of trading and derivatives at Charles Schwab. “This is still supply chain disruption, semiconductor-related inflation.”
12/2021
Bottom line presidents take credit for shit they didnt do and get blame for shit they have no control over.
That is the nature of the job I guess. But now dems and gop are taking it to absurd new levels.
For a website specific to people who trade and invest to claim trump came into office and manipulated prices to keep them low and biden manipulated prices to make them jump is what I would expect from FOX and CNN late night hosts. The economy is a large cruise ship that turns slowly and trends stay in motion until shocked out of it.
Inflation was on a decrease trend over the housing crisis from 2010 until 2021 with momentary spikes...COVID caused a complete fundamental shift in the global economy and now we will see how countries react or over react.
In the U.S. it is only one tool.... fed raising rates (as well as pulling money out). These is like stopping a freight train with a rubber band.
That is the nature of the job I guess. But now dems and gop are taking it to absurd new levels.
For a website specific to people who trade and invest to claim trump came into office and manipulated prices to keep them low and biden manipulated prices to make them jump is what I would expect from FOX and CNN late night hosts. The economy is a large cruise ship that turns slowly and trends stay in motion until shocked out of it.
Inflation was on a decrease trend over the housing crisis from 2010 until 2021 with momentary spikes...COVID caused a complete fundamental shift in the global economy and now we will see how countries react or over react.
In the U.S. it is only one tool.... fed raising rates (as well as pulling money out). These is like stopping a freight train with a rubber band.
Reagan had the same problems as Biden even worst....All these inflation records still don't beat what Reagan had.......But after two years Reagan had fixed the problem
In those first two yeas Reagan was working out a plan.....It was to create supply.. Reduce taxes of active capital ( capital gains, equipment deferments) and raise taxes on inactive capital ( real estate shelters..etc) also deregulation....
The famous supply side.....it created an economy of low inflation for 20 years and more...
Biden is very comfortable on the Demand side...he loves sending checks out to people.....But Democrats are very unconformable working in the supply side, because its almost the same solution, giving money and tax breaks to the evil corporations......This is why democrats have a hard time with inflation
Much of the credit for the resolution of the stagflation is given to two causes: a three-year contraction of the money supply by the Federal Reserve Board under Paul Volcker, initiated in the last year of Carter's presidency, and long-term easing of supply and pricing in oil during the 1980s oil glut
The Fed funds rate, which is the rate banks charge each other for overnight loans, hit 20 percent in 1980, and 21 percent in June 1981. The cause was an inflationary spiral brought on by rising oil prices, government overspending and rising wages.
yeah reagan did it.....jacking up rates to 20% had nothing to do with it huh...
The Fed funds rate, which is the rate banks charge each other for overnight loans, hit 20 percent in 1980, and 21 percent in June 1981. The cause was an inflationary spiral brought on by rising oil prices, government overspending and rising wages.
yeah reagan did it.....jacking up rates to 20% had nothing to do with it huh...
Correct, rates going to 20% killed the economy and inflation with it...Reagan supported Volcker on this move....Imagine if Biden today had to deal with 20& interest rates, I don't think he could recover.....but Reagan did recover and quickly got the economy back on track
He got on track because while Volcker was doing his thing Reagan was working on his plan to change tax incentives, deregulation and other supply side solutions.
Hopefully Biden has a plan like Reagan's...if not Biden will fail
Look at polling showing how Reagan turns it around and where Biden is today
Biden is the green line