These statements about transitory inflation are bs, it is INFLATION!
- Thread starter wildchild
- Start date
Like I said, Biden is right. You all just don’t speak Biden and certainly aren’t keeping up with major economic current events. The joke is that at 78, Biden is more informed than you and @Tsing Tao put together. Try to keep with with the elderly.
Ok, I'll bite. What is it he is right about? The strength of our economy is inflation?
Except that's not what he said in the video clip I quoted.
Well this is where you need a Biden decoder ring. He jumbled it up but I knew what he was referring to because I keep up with Powell. Granted the average guy on the street is going to be lost.
Services rising while goods falling shows the market may be balancing with consumers shifting demand preferences because of “strong inflation” loaded on the goods side.
I get everything is political now of days but a change in demand is precisely what is needed because the cure for high prices remains high prices.
I get everything is political now of days but a change in demand is precisely what is needed because the cure for high prices remains high prices.
You're right. The Fed won't be able to cure inflation, as much of it is structural. They can help demand destruction along by nuking the market and tanking the economy (which they are in the process of doing). But the only cure for higher prices remains. Higher prices.