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Inflation and What To Do


The_Dude

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18 hours ago, devnull said:

Any thoughts on I-Bonds?

I opened a Treasury Direct account and bought some for giggles. 10 grand limit per family member.

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"Unanticipated" shocks to the economy!? When you shutdown oil production and reverse everything Trump did that worked because either "Trump" or the "elites" want to kill the US economy, what happened was not "unanticipated" by anyone! Was this statement so the Democrats can say, "Well, it's not our fault?"

I know, let's go print more money, squeeze gas prices, and place more regulations on businesses. That'll help.
 

 

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6 hours ago, Ann said:

"Unanticipated" shocks to the economy!? When you shutdown oil production and reverse everything Trump did that worked because either "Trump" or the "elites" want to kill the US economy, what happened was not "unanticipated" by anyone! Was this statement so the Democrats can say, "Well, it's not our fault?"

I know, let's go print more money, squeeze gas prices, and place more regulations on businesses. That'll help.
 

 

Lol. "...that I at the time didn't fully understand."

but I'm sure she fully understands them now. :eyeroll:

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16 hours ago, Foxx said:

CPI due out tomorrow...


 

Inflation rose 8.6% in May, highest since 1981

  • The consumer price index rose 8.6% in May from a year ago, the highest increase since December 1981. Core inflation excluding food and energy rose 6%. Both were higher than expected.
  • Surging food, gas and energy prices all contributed to the gain, with fuel oil up 106.7% over the past year.
  • Shelter costs, which comprise about one-third of the CPI, rose at the fastest 12-month pace in 31 years.
  • The rise in inflation meant workers lost more ground in May, with real wages declining 0.6% from April and 3% on a 12-month basis.

</snip>

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4 minutes ago, Nouseforaname said:


President blaming the other party in solving economic issues? Say it ain’t so.

He is blaming everyone but where the real fault lies (printing 40% of all dollars in circulation during the first 18 months of his term). The Russians, the oil companies, the Republicans. I'm only surprised he hasn't yet tried to put the blame on Harris yet. 

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Crap Throwing Clavin
10 minutes ago, Foxx said:

...

 

 

Since when do gas retailers buy oil directly?  It's like transportation and refining don't even exist for these people.  :wallbash:

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Billsandhorns
15 minutes ago, Crap Throwing Monkey said:

 

Since when do gas retailers buy oil directly?  It's like transportation and refining don't even exist for these people.  :wallbash:

Well, he's never had a job outside of politics his entire life so....

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