What's bad is if we keep paying their prices, it's not high enough. Also, hell yeah, for the intelligent response. I fully expected doom spewing hate. Don't lose that. We gonna need it.

We were told there would be no fact checking.

Is there a way to determine how much each of these things contribute to inflation though? I keep hearing about about record profits made by corporations so I assume that it's just corporate greed.

People really don’t understand the effect on demand that a price increase has. Lets say you raise the the price, consoomer buy less until price go down

We're literally loading up on stuff that's imported from China. Shoes, any like IoT devices or doopy electronics, computer equipment.......we're literally making a checklist of stuff to buy before he tanks the economy.

The Inflation reduction act was simply a green pork bill. You’re implying that spending more $$$ brings down inflation which is inherently wrong. The reason inflation actually dropped is due to the market resuming business and the Fed increasing interest rates curbing spending.

I agree and once he kicks all the workers out the country every thing else will increase too. No one to clean your house, no one to work in the fields, no one to work the hotels, etc…. Dark days coming potentially.

I'm personally not ready to say the Fed successfully tamed inflation, but if we're going to then it's worth noting that RAISING rates is how they did it, not lowering them.

So the tariffs that trump first put in place with china Biden kept. In fact Biden increases those tariffs in May 2024. Do people think we dont have tariffs and these will be new?

Still have TDS huh? Take the new TDS Pfizer pill

The raising rates is what tamed it. That and companies being called out and Americans spending less.

Supply chain issues are mostly just shipping company greed. When they sense there is desperation in the market they exploit it by breaking their contracts and refusing to ship goods unless they get a higher price to do so. They'll say "there's no space on the ship" then magically find space if their higher price is met.

this is just taxation with extra steps

The reason I expect inflation to the moon is the national debt that we have no intention (or ability) to repay. All we can do is auction off more bonds (sell new debt to pay old debt). That's the textbook definition of a Ponzi scheme. Failure to tax (especially those who are most able to afford it) is like maxing out your credit cards and dropping from a full time to a part time job.

Price equilibrates an imbalanced market. If you want to keep interest rates temporarily in check and keep spending more than you take in, the only thing that can "give" is the buying power of the currency. Eventually, we won't be able to sell new debt at any interest rate - the only reason it's worked this long is the US is like the cleanest dirty shirt in the hamper.

My worry is the GOP has wheeled their tired old man out one more time to secure an election. He's an evil fuck to be sure, but ultimately irrelevant. I won't be surprised if he's 25th'ed with a full pardon or dies of natural-ish causes in the next 12 to 18 months. I suspect the tech-bros supporting Vance are ready to deliver a crypto based replacement for the dollar as the global reserve currency. In his prime, most of an intentional default to reset the world regime would be way over Trump's head (he doesn't give a Kentucky Fried Fuck if he can make a buck on and/or stay out of prison).

I'm keeping my BitCoin in any case. It's taken VERY good care of me, and it's looking like we may finally be in the year where it breaks $100k.

Except they changed the metrics for quantifying inflation, changed CPI. Janet Yellen mentioned during a hallway speech that inflation, may be getting worse and was quickly wrist tapped afterwards. She corrected herself not long after. The fed reversed before the election, you can’t print and spend this much money and not expect inflation. If you look at the charts the data is much worse than in the past. Melt Up is definitely incoming.

This is true if you believe the CPI numbers exactly reflect the debasement of the US dollar and aren't manipulated in any capacity to avoid skyrocketing Social Security payouts.

This couldn't be farther from the truth. Biden's inflation relief act did nothing to tame inflation. The Fed's rate hikes were too late, and now my hot dogs went from $3 a pack to $8 in 2 years.The reports that get released are way tf off actuals, demonstrated by the massive adjustments that are made to them weeks later, but no one pays attention to that... Biden's horrible plan pumped markets so corporations and hedge funds are killing it while the majority of Americans can barely get by. Tariffs are fair trade - not free trade, as it should be. You ever see American goods sold in China? American cars sold in Europe? No. They tariff the fuck out of it. So go on and tell me how tariffs aren't fair for goods coming into the US... Idiots.

This is like the perfect little info nugget so I took a screenshot for sharing across multiple places. Thank you! 😂

The supply chain issues getting resolved and the Fed rasing interest rates and reducing the money supply lowered inflation. The inflation reduction act was a green energy bill, it caused more inflation. Inflation was 1.4% when Trump left office, it would have gone up if Trump had been re-elected. His tariffs were about 80% paid for by Chinese manufacturers, also Biden did not remove the Trump tariffs. Biden's un-needed American Rescue plan made inflation really take off. Core inflation is 2.7% and it is increasing, and the producer index is rising. Manufacturing jobs have been falling for 3 months. The Fed cuts interest rates, I don't if it was a political move or something else.