I'm surprised there's not an inflation thread yet
POSTED BY: 6IXSTRINGJACK
UPDATED: Thursday, June 11, 2026 17:04
VIEWED: 37356
PAGE 45 of 84
Well Kevin... maybe if your President* and his administration wasn't so busy lying about inflation for a full year and have his Leftoid Media (such as yourself) running that narrative when everybody knew it was bad, they could have been addressing it before it became a big problem instead.
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Rather, I continue to believe that inflation is fundamentally hydraulic. It goes up and down based on underlying movements of the economy, and that's it. These fundamentals might or might not include money supply, interest rates, tightness of labor markets, oil prices, endogenous variables, and so forth, all lagged by various amounts (oil hits inflation quickly, interest rates take a year or so). The Fed controls some of these, but (a) has only a modest impact and (b) has to be aware of lags.
In any case, I have no reason to think that expectations are on this list. Hell, Japan has been trying to raise inflation for years with no luck. And serious economists have taken to saying that nobody understands inflation. If that's the case, then why are so many people enthused about expectations, which strikes me as akin to clapping your hands or wearing a WIN ( W hip I nflation N ow) button? It just doesn't work.
Well that's nothing but two paragraphs of apologism. Nothing you've written on the economy would sound anything like what you've written if Trump were in office still right now instead of Biden*.
At least Paul Krugman comes out and basically apologies when he says that he doesn't know what's going on anymore. You just say that it's The Economists that admit they don't know what's going on anymore, but you still seem to think that you have it all figured out.
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I get it. I'm not an economist
No. You're not. But that doesn't stop shitrag Jabberwokeing from letting you write pages and pages about it and collect all the graphs that Second copies and pastes here.
Or posting weird shit there like this for their readers to see:
https://jabberwocking.com/a-very-special-weekend-lunchtime-photo/
"Self portrait, 2022." After seeing this, you can't unsee it.
Indeed, Kevin. Indeed.
And I'm sure JabberWokeing and its readership thought it was such a stunning and brave photograph for you to put out there for the world to see, while telling you that you shouldn't lose any weight and you are perfect just the way you are.
You are a walking comorbidity.
Congratulations though on the recent news on your pre-Covid Leukemia. That does sound promising.
Make sure they're checking on your heart after all of those boosters. Look out for blood clots too.
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Quote:Also a fact is that Trump had no control of prices or anything other than his mouth while he was President.
Originally posted by 6IXSTRINGJACK:
All I said is that it is Objective FACT that none of this happened while Trump was President.
In the fact based world: Of the 172 countries analyzed by Investment Monitor, 74 had inflation rates in excess of 10%. The US wasn't one of them. Argentina and Turkey are the only G20 countries in the top ten highest inflation ranks globally. Russia, the country with the third-highest inflation in the G20, ranks 54th globally. Obviously, the people setting prices in Russia, Turkey, and Argentina are too aggressive at price increases for their countries' own good, but the people who set the prices are doing fine which is why they will keep raising prices until something or someone stops them.
https://www.investmentmonitor.ai/insights/which-countries-have-the-hig
hest-level-of-inflation/
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
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Quote:
Originally posted by second:Quote:Also a fact is that Trump had no control of prices or anything other than his mouth while he was President.
Originally posted by 6IXSTRINGJACK:
All I said is that it is Objective FACT that none of this happened while Trump was President.
That's not the point. You're arguing that companies have complete control over prices and can do this whenever they want to and that American policy such as killing the Keystone Pipeline, doubling the trillions per year added to the US Debt, and the entire myriad of market and economic meddling done under the current administration doesn't effect prices at all.
I'm arguing that for two years under Biden* that the prices of everything have raised at insane rates that more than half of Americans alive today never saw in their lives, and under four years of Trump they didn't.
You have no argument.
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Quote:Try explaining this away, 6ix:
Originally posted by 6IXSTRINGJACK:
. . . doubling the trillions per year added to the US Debt . . .
Donald Trump
National debt contribution $8.2 trillion
Percentage increase 40.43%
https://www.sounddollar.com/national-debt-by-president
Candidate Trump decried the national debt in 2016 and promised to eliminate it. It's only gotten bigger.
https://www.usatoday.com/in-depth/news/politics/elections/2020/10/27/d
onald-trump-has-failed-keep-campaign-pledge-erase-national-debt/3682405001/
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
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Quote:
Originally posted by second:Quote:Try explaining this away, 6ix:
Originally posted by 6IXSTRINGJACK:
. . . doubling the trillions per year added to the US Debt . . .
Donald Trump
National debt contribution $8.2 trillion
Percentage increase 40.43%
Sure.
(Numbers below are end of year)
2016 $19,573,000,000,000 - What Obama left Trump with (After adding 7.633 TRILLION)
2017 $20,245,000,000,000 - $672 BILLION increase in 2017.
2018 $21,516,000,000,000 - $1.271 TRILLION increase in 2018.
(Democrats assume control of Senate and House in 2019)
2019 $22,719,000,000,000 - $1.203 TRILLION increase in 2019.
2020 $27,748,000,000,000 - $5.029 TRILLION COVID-19 and 2020 recession
$2.3 TRILLION spent on CARES act on March 27th 2020.
$484 BILLION spent on "Phase 3.5" on April 4th, 2020.
$900 BILLION spent on CAA stimulus and relief bill on December 27th 2020.
So... $3.684 TRILLION spent on COVID stimulus in those three bills alone, otherwise 2020 would have been $1.345 TRILLION (Although I'm sure there was more covid related spending to account for if I felt like digging further).
So cut your number in about half and that's what he really spent until Democrats destroyed the country over a virus that doesn't kill anyone.
Meanwhile, your dumb bitch President* has already spent $4,776 TRILLION in two years.
Anyhow, that's not part of our argument. So get back on topic.
Quote:
Originally posted by 6IXSTRINGJACK:Quote:
Originally posted by second:Quote:Also a fact is that Trump had no control of prices or anything other than his mouth while he was President.
Originally posted by 6IXSTRINGJACK:
All I said is that it is Objective FACT that none of this happened while Trump was President.
That's not the point. You're arguing that companies have complete control over prices and can do this whenever they want to and that American policy such as killing the Keystone Pipeline, doubling the trillions per year added to the US Debt, and the entire myriad of market and economic meddling done under the current administration doesn't effect prices at all.
I'm arguing that for two years under Biden* that the prices of everything have raised at insane rates that more than half of Americans alive today never saw in their lives, and under four years of Trump they didn't.
You have no argument.
Reply to this, or don't bother replying.
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I'm going to consider that argument dead now, Second. Feel free to post some dumb shit about it when the need arises and I'll crush it right back into the ground where it belongs.
Meanwhile, in... reality?
CNN: Cardi B’s NSFW advice on inflation
https://www.cnn.com/2023/01/05/economy/cardi-b-complains-inflation
It appears that Cardi B is not on board with inflation.
Quote:
She said she noticed the skyrocketing prices from a “summary” of money spent in her home every week, prompting her to ask “what the f**k is going on?” So, she said she had to see with her own eyes, and went to a grocery store to see the prices for herself.
“Lettuce was like $2 a couple of months ago, and now it’s like f**king $7,” Cardi B said in the minute-long video. “Of course I’m going to say something: The f**k?!”
“I think that sh*t is crazy,” she added, sympathizing with “middle-class people or people in the hood” about the increase in grocery prices.
REENACTMENT:
Quote:
Cardi B used her platform, consisting of nearly 30 million followers on Twitter, to ask the higher-ups to “put that sh*t the f**k down.” She added that if those responsible for the high prices were to see her post, they might “put it down.”
...
When a Cardi B fan asked if the video will decrease prices, the rapper said: “Not necessarily cause of me, but if we bring enough awareness to inflation you never know.”
Yanno... I wanted to make a joke about how "awareness" of inflation was just the silver bullet we needed to put it down, as if 90% of the people in this country aren't already fully fucking aware that inflation is lowering everybody's quality of life right now... But she's not wrong.
We've been lied to for 1 1/2 years by Democrats, Media and Economists that inflation wasn't a problem. It's only just in the last few weeks that any of them are admitting that they were wrong. They're not admitting that they STRAIGHT UP LIED to everyone, and they're surely not admitting that THEY CAUSED IT, but at least they're pretending now that they just became aware of the problem and that it does indeed exist.
I guess my only problem with Cardi B. trying to spread awareness about the issue is the timing. She could have been pushing this in the spotlight with her platform back when we were all still being lied to, but she only now comes out and says anything about it after the Democrats, Media and Economists admit that it is a problem.
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Her advice during these times? Budgeting, because if you don’t, you’re “going to go broke soon.”
That's not bad advice either. But for most people being trounced by inflation right now it's just too little too late as well. If you were already living paycheck to paycheck before Biden* was sworn into office, you're not going to be able to do much more right now than possibly keep the lights on and food on the table while paying the higher rent. And anybody who still has a roof over their head that also follows Cardi B. on Twitter has already figured out this necessity the hard way long before she tweeted about it.
Budgeting is ALWAYS what you should be doing, because if you don't, you're going to go broke eventually.
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Quote:
Originally posted by 6IXSTRINGJACK:
Budgeting is ALWAYS what you should be doing, because if you don't, you're going to go broke eventually.
Remember when Disney actually taught you life lessons worth learning?
I'm glad somebody finally uploaded this video to YT.
I guess it's been up their for 4 years now, so it must have been a while since I wanted to post it here, but I know I'd looked for it many times over the years to bring it into one of my threads. Back when I was a kid, my brothers and I would record as many Disney shows as we could when Disney offered a free week (usually during Spring Break), and we'd watch those quite a bit over the years. This episode, along with the one where Donald Duck signs up for the Army were the two that still stick into my head to this day.
You should always have at least $5 or $6k in the bank, not to be touched for shit you don't need, ready and waiting for an emergency.
Once you've got that, you can lower your savings rate but make 1/2 of your yearly salary the next goal. And when you get there, if you're not already trained, save a little bit less and make 1 year salary the next goal. By then, saving money every week shouldn't even be a chore, but a habit. And watching that number slowly increase over the years is actually a gratifying experience... Arguably giving you as much pleasure as that new shiny hunk of metal and plastic you don't need would have given you.
It doesn't happen overnight, and for most people in the current economy it's just completely out of reach, but take these necessary budget cuts and new spending behaviors you're learning in the bad times with you into the good times and the next time our Government fucks everything up, it won't be killing you with the stress. It will just be irritating for you, knowing that the money you managed to save up is not going to buy as much as it did when you saved it, is all.
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Natural gas prices skyrocketed this month in Southern California
•Kevin Drum / January 06, 2023 at 10:24AM
Our local gas company is alerting us in advance that January is going to be rough:
The warning Southern California Gas Co. issued to its customers was unusually blunt: “There’s no easy way to put this,” the company said. “January bills are likely to be shockingly high.” Anyone who heats their home with natural gas is likely to see a January bill that is more than double what they paid a year earlier, SoCalGas said.
It's funny, though. Natural gas prices for the rest of the US did NOT spike recently.
So what's the deal?
SoCalGas and other utilities have attributed the sudden and dramatic surge in prices to unusually cold winter weather in California and the Pacific Northwest, which boosted demand for heat, as well as supply and distribution constraints.
The U.S. Energy Information Administration pointed to reduced capacity because of pipeline maintenance in West Texas that lowered westbound natural gas flows. The EIA reported that Pacific region natural gas storage inventories in December were 30% below the five-year average.
I dunno. It might be chilly out here, and Texas might have some pipeline problems, but over the course of two months we've gone from the same price as everyone else to 7x the national price? That seems to call for a little more detailed explanation, especially in a state that went through the whole Enron fiasco 20 years ago and is still pretty suspicious about these things.
https://jabberwocking.com/natural-gas-prices-skyrocketed-this-month-in
-southern-california/
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
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It's probably what happened to EVs.
Biden* announces $7,500 rebates on EVs and GM and Ford immediately raise their average price for EVs by $7,500.
Isn't California paying out a stimulus bill to combat inflation on heating costs and gas now?
At least it's not cold in So. Cal. and the people shouldn't be damaged any more than everybody in the country who needs heat to live.
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Quote:
Originally posted by 6IXSTRINGJACK:
It's probably what happened to EVs.
Biden* announces $7,500 rebates on EVs and GM and Ford immediately raise their average price for EVs by $7,500.
Isn't California paying out a stimulus bill to combat inflation on heating costs and gas now?
At least it's not cold in So. Cal. and the people shouldn't be damaged any more than everybody in the country who needs heat to live.
Yup.
https://www.kiplinger.com/taxes/california-stimulus-checks
They always get it back one way or the other.
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