I'm surprised there's not an inflation thread yet
POSTED BY: 6IXSTRINGJACK
UPDATED: Thursday, June 11, 2026 17:04
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SECOND, in another thread (that you dragged waaaay off topic http://www.fireflyfans.net/mthread.aspx?bid=18&tid=49739&p=4 ) you posted
Quote:
To be as blunt as possible, if you are not prospering in America, it is because you are stupid/lazy/crazy/obnoxious, not because of politics.
If that's the case, it won't matter WHO becomes President. So you can stop campaigning against Republicans bc, according to you, they can't make a difference anyway.
I know you meant that as an insult, but really, you just killed your own argument.
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"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger
Loving America is like loving an addicted spouse - SIGNYM
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Quote:Oh BTW, you must be a Republican at heart, bc you agree with Republicans on the topic of prosperity. As usual, your opinions obliterate each other!
Originally posted by SIGNYM:
SECOND, in another thread (that you dragged waaaay off topic http://www.fireflyfans.net/mthread.aspx?bid=18&tid=49739&p=4 ) you postedQuote:
To be as blunt as possible, if you are not prospering in America, it is because you are stupid/lazy/crazy/obnoxious, not because of politics.
If that's the case, it won't matter WHO becomes President. So you can stop campaigning against Republicans bc, according to you, they can't make a difference anyway.
I know you meant that as an insult, but really, you just killed your own argument.
-----------
"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger
Loving America is like loving an addicted spouse - SIGNYM
-----------
"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger
Loving America is like loving an addicted spouse - SIGNYM
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Quote:
Originally posted by SIGNYM:
SECOND, in another thread (that you dragged waaaay off topic http://www.fireflyfans.net/mthread.aspx?bid=18&tid=49739&p=4 ) you postedQuote:
To be as blunt as possible, if you are not prospering in America, it is because you are stupid/lazy/crazy/obnoxious, not because of politics.
If that's the case, it won't matter WHO becomes President. So you can stop campaigning against Republicans bc, according to you, they can't make a difference anyway.
I know you meant that as an insult, but really, you just killed your own argument.
-----------
"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger
Loving America is like loving an addicted spouse - SIGNYM
Every time Second says this dumb shit I just remind him that I'm still thriving and I still don't have to work for a living under his idiot Biden* just like when Trump was President.
But watch him cry like a baby when Biden* loses next November.
But it's not about politics, right?
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Political correctness is just tyranny, with a smiley face.
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Vox Co-founder and Democrat cock-holster Ezra Klien's idiot wife is pouting because they can't afford a house.
The Atlantic/Annie Lowrey: It Will Never Be a Good Time to Buy a House
Not at all surprised that she cucked you and didn't take your last name, Ezra. Maybe she'll take your name if you make more money and can buy her a house instead of raising your kids in an overpriced apartment.
https://www.msn.com/en-us/money/realestate/it-will-never-be-a-good-tim
e-to-buy-a-house/ar-AA1ky0hg
Quote:
What is a family looking to buy a place to do? Buy in cash, if you happen to be rich enough to do that. (A bananas statistic: This spring, two out of every three buyers in Manhattan paid cash.) Buy and refinance when you can, if you happen to have the risk tolerance and financial room to do that. Buy with as large a down payment as you can muster to cut your mortgage costs. Or just rent. For the next decade. Forever.
Oh, Miss Melodrama.
I got a house dummy.
You two idiots can't come up with enough scratch to buy a house with those incomes?
Boo hoo.
Get fucked.
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Political correctness is just tyranny, with a smiley face.
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CNN: The Economy is fucked.
https://www.cnn.com/2023/11/26/business/consumer-spending-slowdown-dg/
index.html
You know it's bad when CNN can't lie about it anymore.
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Political correctness is just tyranny, with a smiley face.
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Why Some Economists Won’t Admit They Were Wrong
By Paul Krugman | Dec. 18, 2023, 7:00 p.m. ET
https://www.nytimes.com/2023/12/18/opinion/inflation-economists.html
From an economic point of view, 2023 will go down in the record books as one of the best years ever — a year in which inflation came down amazingly fast at no visible cost, defying the predictions of many economists that disinflation would require years of high unemployment.
So far, at least, the public seems unwilling to believe the good news, or to give the Biden administration any credit. But this column isn’t about the apparent gap between voter perceptions and reality. It is instead about the unwillingness of some influential economists and officials to accept the fact that they got it wrong.
Why should we care? This isn’t about scoring personal points — although I’m a big believer in owning up to your past errors — it’s how you learn, and it’s also good for the soul. What I’m concerned about is that clinging to a view of the economy that has been disproved by recent events makes it more likely that we’ll mess this up, putting the economy through a recession that, it turns out, we didn’t and don’t need to control inflation.
How amazing has the economy been? As recently as March, the Federal Reserve committee that sets monetary policy projected that we’d end this year with 4.5 percent unemployment and with the Fed’s preferred “core” measure of inflation running at 3.6 percent. Last week, the same group projected year-end unemployment of only 3.8 percent and core inflation at only 3.2 percent. But actually the news is even better, because that last number is inflation for the year as a whole; over the six months ending in October, core inflation was running at 2.5 percent, and most analysts I follow believe that when November data come in later this week, it will show inflation down to around 2 percent, which is the Fed’s long-run target.
Soft landing achieved.
How did we pull that off? The answer seems fairly clear. Economists who argued that the inflation surge of 2021-22 was “transitory,” driven by disruptions caused by the Covid pandemic and Russia’s invasion of Ukraine, appear to have been right — but those disruptions were bigger and longer lasting than almost anyone realized, so “transitory” ended up meaning years rather than months. What happened in 2023 was that the economy finally worked out its postpandemic kinks, with, for example, supply chain issues and the mismatch between job openings and unemployed workers getting resolved.
This isn’t casual speculation. A combination of rising employment and falling inflation is exactly what you’d expect in an economy with improving supply chains. It’s also what you see when you look at the economy in detail: the fastest-growing sectors have had the biggest declines in inflation. And statistical models of inflation that include supply chain measures track inflation in recent years in a way that more conventional models don’t.
But many economists who were wrongly pessimistic about inflation — most prominently Larry Summers, although he isn’t alone — remain unwilling to accept the obvious. Instead, they argue that the Fed, which began raising interest rates sharply in 2022, deserves the credit for disinflation.
The question is, how is that supposed to have worked? The original pessimist argument was that the Fed needed to create a lot of unemployment to reduce inflation. As best I can tell, the argument now is that by acting tough the Fed convinced people that inflation would come down, and that this was a self-fulfilling prophecy.
There is, as far as I can see, no evidence at all for this story. While financial markets may pay close attention to the Fed’s pronouncements, producers and workers, who set prices and wages, don’t; they base their decisions on what they see around them.
There are some historical echoes here. Around a decade ago, some economists and policymakers insisted that slashing government spending would actually increase employment, by inspiring higher
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Oh fuck you Paul.
You're always wrong about everything having to do with the economy. You shouldn't have a job anywhere near money. Not even manning a cash register at McDonald's.
Is this you, bitch?
https://twitter.com/paulkrugman/status/1358473933994012673?lang=en
11:53 AM · Feb 7, 2021
Fear of inflation are greatly exaggerated: the economy can probably run hotter than CBO thinks, the multipliers on a lot of the spending probably aren't that high, and the Fed is well able to contain inflation if it becomes a problem 2/
https://twitter.com/paulkrugman/status/1362796035823796229?lang=en
10:07 AM · Feb 19, 2021
This is the sensible version of the inflation concerns. I'm on the low end for multipliers, and would also argue that even if inflation runs somewhat high for a year it won't get built into expectations. But I guess we'll find out
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Political correctness is just tyranny, with a smiley face.
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tick tock
T 
Large disconnect between state of economy and how people feel about it
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I can't stop laughing...
T
Trump claims Biden plunging U.S. into depression as stock market hits record high
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That's called a K shaped recovery, dipshit.
Your money buys a hell of a lot less for you than it did before Biden* was elected.
That includes stocks in companies.
This is how inflation works. It's why movies are always breaking box office records when all they do is count how much money they make and they're not counting tickets sold or constantly adjusting for inflation.
Read a fucking book, dummy.
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Political correctness is just tyranny, with a smiley face.
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