I'm surprised there's not an inflation thread yet
POSTED BY: 6IXSTRINGJACK
UPDATED: Thursday, June 11, 2026 17:04
VIEWED: 37356
PAGE 75 of 84
Two weeks ago, when I filled the gas tank, gas was about $4.60. Now it's $5.30!
Let THAT soak in!
Thanks, Israel!
-----------
"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger
Why SECOND'S posts are brainless: "I clocked how much time: no more than 10 minutes per day. With cut-and-paste (Ctrl C and Ctrl V) and AI, none of this takes much time."
Or, any verification or thought.
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Futures Tumble, Oil And Gold Soar On Reports Of "Huge Explosions" In Central Iran, Israeli Airstrikes In Iraq And Syria
https://www.zerohedge.com/markets/futures-tumble-oil-and-gold-soar-rep
orts-huge-explosions-central-iran-israeli-airstrikes
If this goes to closing of Straits of Hormuz, watch the EU spiral down the drain and the USA run around like a headless chicken.
-----------
"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger
Why SECOND'S posts are brainless: "I clocked how much time: no more than 10 minutes per day. With cut-and-paste (Ctrl C and Ctrl V) and AI, none of this takes much time."
Or, any verification or thought.
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Looks like this Israel/ Iran kerfuffle... which Israel started ... was reduced to a form of "kinetic peformance theater" where Iran made its point and Israel made its point.
Iran has no motivation to go to war. They just joined the BRICS, their economy is booming, things are going well for them. And probably just in case, China may have reminded them that if the flow of oil is shut off thru the Straits of Hormuz, all of that lovely infrastructure Chinese investment would go away.
On the flip side, since the EU and Japan desperately depend on Mideast oil, having formally cut themselves off from Russian oil (altho in reality they still import, just via expensive middlemen) and the USA does still import oil from Saudi Arabia, NOBODY in the G7 wants to see a mideast oil crisis. It looks like that G7 meeting that the USA called put enough pressure on Israel (how?) to get them to talk tough but back off.
Let's hope it stays that way.
Yanno, we're fortunate but really stupid with our good fortune. We still have the option of importing oil from the largest known reserves of oil in the world: Venezuela. And a lot of our refineries are tuned to processing heavy (Venezuelan) crude. Too bad we sanctioned them too!
We DO go around pissing everyone off and cutting off our options, don't we??
-----------
"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger
Why SECOND'S posts are brainless: "I clocked how much time: no more than 10 minutes per day. With cut-and-paste (Ctrl C and Ctrl V) and AI, none of this takes much time."
Or, any verification or thought.
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Fed’s Preferred Core Inflation Gauge Rose at Brisk Pace in March
https://finance.yahoo.com/news/fed-preferred-core-inflation-gauge-1307
43176.html
Those interest rates aren't coming back down before the election. Just like I said they weren't.
--------------------------------------------------
Political correctness is just tyranny, with a smiley face.
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
I heard report that the GDP missed the Brandon projection by 65%.
I haven't looked into it yet.
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
CNBC: All the data so far is showing inflation isn’t going away, and is making things tough on the Fed
https://www.cnbc.com/2024/04/26/all-the-data-shows-inflation-isnt-goin
g-away-making-things-tough-on-fed.html
No shit, huh CNBC? You mean the same inflation you and your goons spent over a year pretending didn't exist, right?
Quote:
Commerce Department indexes that the Fed relies on heavily for inflation signals showed prices continuing to climb at a rate still considerably higher than the 2% annual goal.
The stubborn inflation data raised several ominous specters, namely that the Fed may have to keep rates elevated for longer or even have to hike at some point.
No shit. There isn't going to be any rate cuts this year, just like I said by the end of last year.
Don't forget the bridge collapse and how that's going to impact the economy for years to come as well. I noticed you failed to make mention of it in this article.
I'll give you this though, CNBC... You finally do tell the truth every once in a while...
Quote:
The inflation problem in the U.S. today first emerged in 2022, and had multiple sources.
At the beginning of the flare-up, the issues came largely from supply chain disruptions that Fed officials thought would go away once shippers and manufacturers had the chance to catch up as pandemic restrictions eased.
But even with the Covid economic crisis well in the rearview mirror, Congress and the Biden administration continue to spend lavishly, with the budget deficit at 6.2% of GDP at the end of 2023. That’s the highest outside of the Covid years since 2012 and a level generally associated with economic downturns, not expansions.
Holy shit... How many articles do you think CNBC wrote that said Joe Biden*'s irresponsible spending had nothing to do with inflation before this one?
Joe Biden* is fucked. It's very clear that the economy isn't going to improve under his "leadership", and the crime and border problems only continue to get worse as time goes on.
--------------------------------------------------
Political correctness is just tyranny, with a smiley face.
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Affluent Americans are driving US economy and likely delaying need for Fed rate cuts
By CHRISTOPHER RUGABER | April 29, 2024
https://apnews.com/article/inflation-economy-wealth-rates-federal-rese
rve-cuts-9290216e89cbd7a3a0d2be66041aeaf8
Older Americans are fueling a sustained boost to the U.S. economy and inflation. Benefiting from outsize gains in the stock and housing markets over the past several years, they are accounting for a larger share of consumer spending — the principal driver of economic growth and inflation — than ever before.
And much of their spending is going toward higher-priced services like travel, health care and entertainment, putting further upward pressure on those prices — and on inflation. Such spending is relatively immune to the Federal Reserve’s push to slow growth and tame inflation through higher borrowing rates, because it rarely requires borrowing.
Affluent older Americans, if they own government bonds, may even be benefiting from the Fed’s rate hikes. Those hikes have led to higher bond yields, generating more income for those who own such bonds.
The so-called “wealth effect,” whereby rising home and stock values give people confidence to increase their spending, is a big reason why the economy has defied expectations of a sharp slowdown. Its unexpected strength, which is contributing to stickier inflation, has forced a shift in the Fed’s plans.
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Quote:
Originally posted by second:
Affluent Americans are driving US economy and likely delaying need for Fed rate cuts
By CHRISTOPHER RUGABER | April 29, 2024
https://apnews.com/article/inflation-economy-wealth-rates-federal-rese
rve-cuts-9290216e89cbd7a3a0d2be66041aeaf8
Older Americans are fueling a sustained boost to the U.S. economy and inflation. Benefiting from outsize gains in the stock and housing markets over the past several years, they are accounting for a larger share of consumer spending — the principal driver of economic growth and inflation — than ever before.
And much of their spending is going toward higher-priced services like travel, health care and entertainment, putting further upward pressure on those prices — and on inflation. Such spending is relatively immune to the Federal Reserve’s push to slow growth and tame inflation through higher borrowing rates, because it rarely requires borrowing.
Affluent older Americans, if they own government bonds, may even be benefiting from the Fed’s rate hikes. Those hikes have led to higher bond yields, generating more income for those who own such bonds.
The so-called “wealth effect,” whereby rising home and stock values give people confidence to increase their spending, is a big reason why the economy has defied expectations of a sharp slowdown. Its unexpected strength, which is contributing to stickier inflation, has forced a shift in the Fed’s plans.
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
Haha! Bullshit.
--------------------------------------------------
Political correctness is just tyranny, with a smiley face.
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Viral TikTok: What Does JP Morgan CEO Jamie Dimon Mean When He Says "The Consumer Is Doing Well" In 2024?
https://www.realclearpolitics.com/video/2024/05/02/viral_tiktok_what_d
oes_jp_morgan_ceo_jamie_dimon_mean_when_he_says_the_consumer_is_doing_well_in_2024.html
Quote:
This woman heard Jamie Dimon, the CEO of JP Morgan, the largest bank in America on the Wall Street Journal’s podcast
What she heard was so “f*cking out of touch” with America she had to stop what she was doing & make this video
He said this about America:
Question asked to him, “As the chief exec of America's biggest bank, you have an unrivaled insight into the financial health of the US consumer. What are people doing with their money right now?”
Jamie Dimon’s response “Yeah, you have to look a little bit in context. The consumer's in pretty good shape right now. The consumer has, you know, unemployment under 4% has been there for two years. They still have excess money from COVID. — They're still spending it down. Housing prices are up, stock prices are up, jobs are plentiful.”
Creator: “I'm sorry, what? The stimulus checks, the ones that went out in 2020 and 2021, three and four years ago, we're still spending it down? Who is he talking about? People are not doing well. This country is literally unaffordable. Child care, groceries, you've got Kellogs out here telling us to eat fucking cereal for dinner.
Everything is up in price. Even for those who are making ends meet and are able to still save, we have to be conscious as fuck to where you're putting your money because nothing is at a good price.
What does he mean the consumer is doing well? Like these are the biggest decision makers in our financial systems. These are the people who work with Congress and who are talking about how do we create like a soft landing of inflation and He thinks we're doing okay. Like, guys, this is scary. I mean, it's been f*cking scary. Let's be real. No one's surprised”
The CEO of the largest bank in America still thinks you have money from your Covid checks…. It’s almost unfathomable how out of touch with reality these people are.
They're simply lying for the Biden* administration, darlin'.
Vote Joe* if you want 4 more years of this.
--------------------------------------------------
Political correctness is just tyranny, with a smiley face.
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Chicago Tribune: Wait, how much for a latte? Even high-flying Starbucks is suffering.
https://www.chicagotribune.com/2024/05/01/editorial-starbucks-mcdonald
s-consumers-inflation/
Take your overpriced shit and shove it up your asshole.
Ya'all are going to go out of business.
--------------------------------------------------
Political correctness is just tyranny, with a smiley face.
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME