@witswits why do you spew nonsense over and over and over? Is domestic production in a decline under Biden? Is Canadian production in a decline under Biden? Stop with this brain zapping garbage,
you are fabricating a narrative that is so false it makes me want to puke.
7
Quote Originally Posted by wallstreetcappers:
@witswits why do you spew nonsense over and over and over? Is domestic production in a decline under Biden? Is Canadian production in a decline under Biden? Stop with this brain zapping garbage,
you are fabricating a narrative that is so false it makes me want to puke.
Quote Originally Posted by Raiders22: @witswits Still a good quote: "What a difference - just a few years and a Print & Spend Administration can make: Bidenomics = Bidenflation and Financial Pain." It's amazing that people think this economy is strong but fail to look at the debts that are being created. Massive debts does not equal a strong economy. It's a fabrication and simply a band aid on an open wound that is supposed to look like a surgical procedure.
Too much money chasing too few goods.
I forget what the average US tax payer obligation of debt is, but I know it was over 100K. Makes one want to puke how bad the debt is for America and rates will cause it to get so much worse. The Bidinflation is destroying the US and World economy but they will keep printing. It will be hard for even Trump to fix the horror show that was caused.
1
Quote Originally Posted by BigGame90:
Quote Originally Posted by Raiders22: @witswits Still a good quote: "What a difference - just a few years and a Print & Spend Administration can make: Bidenomics = Bidenflation and Financial Pain." It's amazing that people think this economy is strong but fail to look at the debts that are being created. Massive debts does not equal a strong economy. It's a fabrication and simply a band aid on an open wound that is supposed to look like a surgical procedure.
Too much money chasing too few goods.
I forget what the average US tax payer obligation of debt is, but I know it was over 100K. Makes one want to puke how bad the debt is for America and rates will cause it to get so much worse. The Bidinflation is destroying the US and World economy but they will keep printing. It will be hard for even Trump to fix the horror show that was caused.
So you are suggesting a demand based inflation narrative, can you show with actual data that consumer demand is up 100-150-200% since Biden came into office? You realize that to move the inflation needle based on DEMAND it would take likely a 100-200% DEMAND move to push inflation this far this fast when we were under 2% for over 15 years.
So show your data, I would like to see this demand data and how you can extrapolate it to forcing inflation. You cant...so why say it?
6
@witswits
So you are suggesting a demand based inflation narrative, can you show with actual data that consumer demand is up 100-150-200% since Biden came into office? You realize that to move the inflation needle based on DEMAND it would take likely a 100-200% DEMAND move to push inflation this far this fast when we were under 2% for over 15 years.
So show your data, I would like to see this demand data and how you can extrapolate it to forcing inflation. You cant...so why say it?
Quote Originally Posted by wallstreetcappers: @witswits why do you spew nonsense over and over and over? Is domestic production in a decline under Biden? Is Canadian production in a decline under Biden? Stop with this brain zapping garbage, you are fabricating a narrative that is so false it makes me want to puke.
FUBAR/KellyM/Zues guy Hopefully debate will be allowed. It helps the board and brings more to Covers. Only you being able to post is not productive for a site that wants traffic in the political forum and sports forum.
Good luck to you and Go America!
2
Quote Originally Posted by fubah2:
Quote Originally Posted by wallstreetcappers: @witswits why do you spew nonsense over and over and over? Is domestic production in a decline under Biden? Is Canadian production in a decline under Biden? Stop with this brain zapping garbage, you are fabricating a narrative that is so false it makes me want to puke.
FUBAR/KellyM/Zues guy Hopefully debate will be allowed. It helps the board and brings more to Covers. Only you being able to post is not productive for a site that wants traffic in the political forum and sports forum.
Quote Originally Posted by Raiders22: @witswits Still a good quote: "What a difference - just a few years and a Print & Spend Administration can make: Bidenomics = Bidenflation and Financial Pain." It's amazing that people think this economy is strong but fail to look at the debts that are being created. Massive debts does not equal a strong economy. It's a fabrication and simply a band aid on an open wound that is supposed to look like a surgical procedure.
Yep, CC debt just eclipsed $1.3 trillion.
1
Quote Originally Posted by BigGame90:
Quote Originally Posted by Raiders22: @witswits Still a good quote: "What a difference - just a few years and a Print & Spend Administration can make: Bidenomics = Bidenflation and Financial Pain." It's amazing that people think this economy is strong but fail to look at the debts that are being created. Massive debts does not equal a strong economy. It's a fabrication and simply a band aid on an open wound that is supposed to look like a surgical procedure.
@witswits So you are suggesting a demand based inflation narrative, can you show with actual data that consumer demand is up 100-150-200% since Biden came into office? You realize that to move the inflation needle based on DEMAND it would take likely a 100-200% DEMAND move to push inflation this far this fast when we were under 2% for over 15 years. So show your data, I would like to see this demand data and how you can extrapolate it to forcing inflation. You cant...so why say it?
Everyone can see and feel what MASSIVE inflation looks like and the current administration wants to keep flooding it with more money. STOP THE CRAZY SPENDING. It may be too late as interest rates could sink us and even trump will not be able to right the ship.
Good luck and Go America!
0
Quote Originally Posted by wallstreetcappers:
@witswits So you are suggesting a demand based inflation narrative, can you show with actual data that consumer demand is up 100-150-200% since Biden came into office? You realize that to move the inflation needle based on DEMAND it would take likely a 100-200% DEMAND move to push inflation this far this fast when we were under 2% for over 15 years. So show your data, I would like to see this demand data and how you can extrapolate it to forcing inflation. You cant...so why say it?
Everyone can see and feel what MASSIVE inflation looks like and the current administration wants to keep flooding it with more money. STOP THE CRAZY SPENDING. It may be too late as interest rates could sink us and even trump will not be able to right the ship.
Simply debating ones self over and over politically is not productive. It is good to see other sides to a agreement or issue. I liked what we had with the prior administration and all the good that came from it.
A few mean tweets is okie-dokie with me in order to have strong, safe, respected America.
3
@fubah2/KellyM/Zeus guy
Simply debating ones self over and over politically is not productive. It is good to see other sides to a agreement or issue. I liked what we had with the prior administration and all the good that came from it.
A few mean tweets is okie-dokie with me in order to have strong, safe, respected America.
@wallstreetcappers... Inflation is not based on money printing, you guys keep saying that and it is 100% false.
So you're saying when the FED printed trillions to keep everyone afloat during covid, that businesses just sat back and didn't raise prices? Do you really think if a BRINKS truck drove the streets of any city, and thew money out of their doors that people would just let it hit the ground and they'd leave it? Come on dude. Printing money lead to corporations and even small business raising prices to chase that record of freshly printed money. If the FED is going to hand out "free" money, costs are going to rise. Lets be real here. Your statement is 100% false. Let me guess, you want to argue that it's "tHe SuPpLy ChAiN"?
Why did rents drastically increase in SF when tech moved in? Why are rents drastically decreasing when tech moved out? New money came in, prices went up. New money left, prices had to crash.
0
@wallstreetcappers... Inflation is not based on money printing, you guys keep saying that and it is 100% false.
So you're saying when the FED printed trillions to keep everyone afloat during covid, that businesses just sat back and didn't raise prices? Do you really think if a BRINKS truck drove the streets of any city, and thew money out of their doors that people would just let it hit the ground and they'd leave it? Come on dude. Printing money lead to corporations and even small business raising prices to chase that record of freshly printed money. If the FED is going to hand out "free" money, costs are going to rise. Lets be real here. Your statement is 100% false. Let me guess, you want to argue that it's "tHe SuPpLy ChAiN"?
Why did rents drastically increase in SF when tech moved in? Why are rents drastically decreasing when tech moved out? New money came in, prices went up. New money left, prices had to crash.
I'm saying the FED printed TRILLIONS over a 20 year period and in fact it started really at the tail end of Greenspam but a SOLID 15 years of monetary expansion and yet until the last two years inflation went NOWHERE. Ive laid out my reasoning as to why and my reasoning is not partisan or politician based, my reasoning is based on financial data, fiscal information and fact. Old school monetary policy is useless in theory it is an incomplete theory and no longer functions. Did you not wonder why CPI never moved even though the FED balance sheet went straight up almost exclusively for 15 years?
I have asked this numerous times, nobody replies because none of you really want discussion you want to cheer your politician, blame the other one and fight with the opposing group...nobody wants true discussion. I asked how much in DOMESTIC CONSUMER programs have we increased spending president over president? CPI is consumer price index that is all us dopes spending on goods and service, that is the inflation measure we discuss...so how much in additional consumer program spending has gone UP from Biden over Trump?
Saying government spending is up is obtuse it means nothing, the government spends on programs which have zero impact on domestic inflation and I would say the increase in spending has little to nothing to do with CPI increase, domestic program spending is not up anywhere near the required amount to move inflation. Why are we droning on about fake garbage day in and out?
3
@BigGame90
I'm saying the FED printed TRILLIONS over a 20 year period and in fact it started really at the tail end of Greenspam but a SOLID 15 years of monetary expansion and yet until the last two years inflation went NOWHERE. Ive laid out my reasoning as to why and my reasoning is not partisan or politician based, my reasoning is based on financial data, fiscal information and fact. Old school monetary policy is useless in theory it is an incomplete theory and no longer functions. Did you not wonder why CPI never moved even though the FED balance sheet went straight up almost exclusively for 15 years?
I have asked this numerous times, nobody replies because none of you really want discussion you want to cheer your politician, blame the other one and fight with the opposing group...nobody wants true discussion. I asked how much in DOMESTIC CONSUMER programs have we increased spending president over president? CPI is consumer price index that is all us dopes spending on goods and service, that is the inflation measure we discuss...so how much in additional consumer program spending has gone UP from Biden over Trump?
Saying government spending is up is obtuse it means nothing, the government spends on programs which have zero impact on domestic inflation and I would say the increase in spending has little to nothing to do with CPI increase, domestic program spending is not up anywhere near the required amount to move inflation. Why are we droning on about fake garbage day in and out?
Why did rents drastically increase in SF when tech moved in? Why are rents drastically decreasing when tech moved out? New money came in, prices went up. New money left, prices had to crash.
That is not new money or old money, why has SF real estate prices and rents been higher than the national average since I have been on this earth? Why are NYC prices and rents higher than the national average? Why has the Arizona market outperformed the general RE market and rents have gone up so much?
SF has limited supply they are land locked and cannot create more housing or real estate space so when there is more demand than supply prices go up and vice versa. It has nothing to do with monetary policy. I remember about 25 years ago my wives brother moved to the bay area and decided to purchase a house close enough to the place he worked, he did not want to commute from outside downtown so he purchased what he could afford. Back then he bought a 800 SF dumpy 1 BR house and it ran him over 200k, we were shocked thought it was absurd and beyond crazy. We were able to purchase a new build home outside Philly the same time which had 2500sf PLUS a basement for less than he bought a run down old dump in downtown SF. That had zero to do with the FED or monetary policy.
End of the house story, we moved and sold about three years later, our price had gone up maybe 5%, like nothing and he had to move due to job change around the same time, his went up 75% in price, he made a killing because he bought in an area of high demand....it was a good lesson learned.
0
@BigGame90
Why did rents drastically increase in SF when tech moved in? Why are rents drastically decreasing when tech moved out? New money came in, prices went up. New money left, prices had to crash.
That is not new money or old money, why has SF real estate prices and rents been higher than the national average since I have been on this earth? Why are NYC prices and rents higher than the national average? Why has the Arizona market outperformed the general RE market and rents have gone up so much?
SF has limited supply they are land locked and cannot create more housing or real estate space so when there is more demand than supply prices go up and vice versa. It has nothing to do with monetary policy. I remember about 25 years ago my wives brother moved to the bay area and decided to purchase a house close enough to the place he worked, he did not want to commute from outside downtown so he purchased what he could afford. Back then he bought a 800 SF dumpy 1 BR house and it ran him over 200k, we were shocked thought it was absurd and beyond crazy. We were able to purchase a new build home outside Philly the same time which had 2500sf PLUS a basement for less than he bought a run down old dump in downtown SF. That had zero to do with the FED or monetary policy.
End of the house story, we moved and sold about three years later, our price had gone up maybe 5%, like nothing and he had to move due to job change around the same time, his went up 75% in price, he made a killing because he bought in an area of high demand....it was a good lesson learned.
You mean the trillions spent on the "green energy" and "inflation reduction act" that is worthless. Currently we are printing money till the cows come home and hope the American people like you and your policies. That is what this administration and Dems did for decades. Are the republicans at fault, sure but not even close to what we are doing now and the increase in rates will slow the US and World to a crawl.
As far as the upcoming election you only need to ask "were you better off with Trump or Biden". Easy as we seen 4 years of both and what they did and can do for the future of the Nation. My biggest issue now is, can even Trump save us from the destruction that was caused with Biden, Bidenomics and Bidinflation. Horror show to say the least.
Go America! - Go Trump!
2
@wallstreetcappers
You mean the trillions spent on the "green energy" and "inflation reduction act" that is worthless. Currently we are printing money till the cows come home and hope the American people like you and your policies. That is what this administration and Dems did for decades. Are the republicans at fault, sure but not even close to what we are doing now and the increase in rates will slow the US and World to a crawl.
As far as the upcoming election you only need to ask "were you better off with Trump or Biden". Easy as we seen 4 years of both and what they did and can do for the future of the Nation. My biggest issue now is, can even Trump save us from the destruction that was caused with Biden, Bidenomics and Bidinflation. Horror show to say the least.
And I could give 2 shits about politics...they are all crooks....they debate each other on TV and then go out to lunch together off camera....its all a show...
I just want my hard earned dollars to go as far as they can...and right now those dollars are getting bum-fucked
1
And I could give 2 shits about politics...they are all crooks....they debate each other on TV and then go out to lunch together off camera....its all a show...
I just want my hard earned dollars to go as far as they can...and right now those dollars are getting bum-fucked
And I could give 2 shits about politics...they are all crooks....they debate each other on TV and then go out to lunch together off camera....its all a show... I just want my hard earned dollars to go as far as they can...and right now those dollars are getting bum-fucked
"If you college degree did not earn enough value for you to pay it off, it surely did not create enough value for your neighbor to pay it off"
1
Quote Originally Posted by dubz4dummyz:
And I could give 2 shits about politics...they are all crooks....they debate each other on TV and then go out to lunch together off camera....its all a show... I just want my hard earned dollars to go as far as they can...and right now those dollars are getting bum-fucked
"If you college degree did not earn enough value for you to pay it off, it surely did not create enough value for your neighbor to pay it off"
And I could give 2 shits about politics...they are all crooks....they debate each other on TV and then go out to lunch together off camera....its all a show... I just want my hard earned dollars to go as far as they can...and right now those dollars are getting bum-fucked
"If your college degree did not earn enough value for you to pay it off, it surely did not create enough value for your neighbor to pay it off"
0
Quote Originally Posted by dubz4dummyz:
And I could give 2 shits about politics...they are all crooks....they debate each other on TV and then go out to lunch together off camera....its all a show... I just want my hard earned dollars to go as far as they can...and right now those dollars are getting bum-fucked
"If your college degree did not earn enough value for you to pay it off, it surely did not create enough value for your neighbor to pay it off"
You have said that several times about the USD and it is not correct at all. The USD and its price is relative to OTHER CURRENCIES, there is a basket of USD currencies that trades and that symbol is DXY it is an index that tracks the USD versus most all other currencies. The DXY is in a solid uptrend and is not far from a 3 year high. What you are referencing is purchasing power not the USD itself. Since currencies are all relative to some other measure in reality the USD is doing pretty darn well.
Inflation hurts purchasing power but inflation is an issue worldwide not just Biden and the US and the USD printing is actually LESS than other currencies and countries. Take a look at a quote on the USD/INR that is the USD versus the Indian Rupee, talk about inflation, that currency has been in a nose dive for a decade.
You cant just say printing means X outcome, it just is a flawed theory because of issues I have discussed here but nobody else cares to discuss actual economic topics just which politician can I blame...lol
2
@dubz4dummyz
You have said that several times about the USD and it is not correct at all. The USD and its price is relative to OTHER CURRENCIES, there is a basket of USD currencies that trades and that symbol is DXY it is an index that tracks the USD versus most all other currencies. The DXY is in a solid uptrend and is not far from a 3 year high. What you are referencing is purchasing power not the USD itself. Since currencies are all relative to some other measure in reality the USD is doing pretty darn well.
Inflation hurts purchasing power but inflation is an issue worldwide not just Biden and the US and the USD printing is actually LESS than other currencies and countries. Take a look at a quote on the USD/INR that is the USD versus the Indian Rupee, talk about inflation, that currency has been in a nose dive for a decade.
You cant just say printing means X outcome, it just is a flawed theory because of issues I have discussed here but nobody else cares to discuss actual economic topics just which politician can I blame...lol
Silly question but I will answer it just for funzies..
If there ever came a time that other countries and pension funds and corps no longer wanted to purchase US debt then the world is gone already...it means that most all other countries are obliterated and there is no world economy, that concept is something you read on that idiot site Zerohedge and is laughable.
There MIGHT be a tipping point on debt but really we are nowhere even in the neighborhood of worry, there are so many other functioning active countries and economies that have a higher debt to GDP ratio than we do and somehow they are not in ruin. It is all relative and you could help yourself by stopping reading trash blogs and sites that lie to you and suggest that concept is even remotely close to being an issue.
2
@sundance
Silly question but I will answer it just for funzies..
If there ever came a time that other countries and pension funds and corps no longer wanted to purchase US debt then the world is gone already...it means that most all other countries are obliterated and there is no world economy, that concept is something you read on that idiot site Zerohedge and is laughable.
There MIGHT be a tipping point on debt but really we are nowhere even in the neighborhood of worry, there are so many other functioning active countries and economies that have a higher debt to GDP ratio than we do and somehow they are not in ruin. It is all relative and you could help yourself by stopping reading trash blogs and sites that lie to you and suggest that concept is even remotely close to being an issue.
Turmoil in the Middle East (Joe's fault) and in Ukraine (Joe's fault) has also played a role in fluctuating gas prices over the past two years, with recent conflict in the Middle East and the Red Sea (Joe's fault again)threatening to push oil prices further upwards. Oil prices have taken a roller coaster trajectory over the last two years in the wake of Russia’s invasion of Ukraine (Joe's fault) and as western countries hit Russia with major sanctions(Joe's fault).
2
Turmoil in the Middle East (Joe's fault) and in Ukraine (Joe's fault) has also played a role in fluctuating gas prices over the past two years, with recent conflict in the Middle East and the Red Sea (Joe's fault again)threatening to push oil prices further upwards. Oil prices have taken a roller coaster trajectory over the last two years in the wake of Russia’s invasion of Ukraine (Joe's fault) and as western countries hit Russia with major sanctions(Joe's fault).
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