These statements about transitory inflation are bs, it is INFLATION!
- Thread starter wildchild
- Start date
So I started this thread on Nov 26, 2021 and the initial reaction was laughter and ridicule. Well here we are at the end of the 2022 and what is the top headline?
2022 has been a year of brutal inflation
“Low inflation is indeed the problem of this era.” Thus said John Williams, president of the Federal Reserve Bank of New York, in late 2019, espousing the dominant view at the time. Fast forward to the present, and the problem is the exact opposite. Just about every country in the world has grappled with soaring prices in 2022. The situation is all but certain to improve in the coming year, but at a severe cost to economic growth.
What made 2022 so unusual was the breadth of price pressures. The global rate of inflation will finish the year at roughly 9%. For many developing countries high inflation is a recurrent challenge. But the last time that inflation was so elevated in rich countries was the early 1980s. In America consumer prices are on track to have risen by about 7% in 2022, the highest in four decades. In Germany the rate will be closer to 10%, its first bout of double-digit inflation since 1951.
2022 has been a year of brutal inflation
“Low inflation is indeed the problem of this era.” Thus said John Williams, president of the Federal Reserve Bank of New York, in late 2019, espousing the dominant view at the time. Fast forward to the present, and the problem is the exact opposite. Just about every country in the world has grappled with soaring prices in 2022. The situation is all but certain to improve in the coming year, but at a severe cost to economic growth.
What made 2022 so unusual was the breadth of price pressures. The global rate of inflation will finish the year at roughly 9%. For many developing countries high inflation is a recurrent challenge. But the last time that inflation was so elevated in rich countries was the early 1980s. In America consumer prices are on track to have risen by about 7% in 2022, the highest in four decades. In Germany the rate will be closer to 10%, its first bout of double-digit inflation since 1951.
WIth logsitics costs almost coming back to pre-covid levels and demand starting to drop off as economy slows down I think it will still take all of 2023 for the inflation pressure to pop. Fed might keep raising interest rates assuring a rough landing going into 2024...just in time for probably the most fucktarded presidential election we will ahve which is saying a lot after 2016 and 2020...
I am already seeing raw material pricing drop considerably and with demand slowing down every supplier is going to cut prices to maintain movement of inventory that has built up. The buyer's power is about to come back in a huuuuuge way.
I am already seeing raw material pricing drop considerably and with demand slowing down every supplier is going to cut prices to maintain movement of inventory that has built up. The buyer's power is about to come back in a huuuuuge way.
Key US inflation measure surges at fastest rate since June
The Biden Failures keep on adding up and the Dems are moving to push him out.
Not to worry the marxists on this forum are all 'RIDING WITH BIDEN.
Embarrassing.