It doesn't make sense to you because you're an idiot and you don't understand how inflation works.
No, it truly doesn't make sense. I'll tell you why
Inflation is a measurement of the increase in the cost of goods over a specific time. The federal reserve's inflation number corresponds to a year over year increase.
So when you say 2021, 2022 and 2023 is baked in, it shows very clearly that you have no clue what you are talking about.
Regarding the price of gas, I'm assuming you mean gasoline. Gas prices fluctuate based on the oil market. Gas prices effect inflation, not the other way around.
So when you ask me about $2 gas vs $3 gas within the context of inflation, it shows me that you have no clue what you are talking about.
So I can't answer your question. Because your question makes no sense.
God you're dumb...
Inflation was 4.7% in 2021. Inflation was 8% in 2022. Inflation was 4.1% in 2023. Inflation has been about 3.3% in 2024.
Inflation is cumulative. The buying power of a dollar has dropped over 20% since Biden took office.
Oil is traded in US dollars. When the US dollar is inflated the price of oil is inflated. When the price of oil is inflated the price of everything that uses oil is inflated.
It's baked in, in the sense prices are not going to come back down?
Obviously they're not come back down unless there's a severe economic shock. What you need is rising wages to counteract it.
There are a few things that can be done to bring them down a little bit but in general inflation is always here to stay unless there's a recession and deflation.
Inflation signifies growth usually but when wages are rising slower than inflation the middle and lower classes get crushed. Real wages for the middle and lower class did not keep up with inflation under Biden.
80% of the country isn't saying the economy is bad because they're stupid they're saying it because they're paying more and getting less than they were in 2019.
You keep saying inflation is not under control. Please explain how 2% inflation is not under control.
There are a few things that can be done to bring them down a little bit but in general inflation is always here to stay unless there's a recession and deflation.
Inflation signifies growth usually but when wages are rising slower than inflation the middle and lower classes get crushed. Real wages for the middle and lower class did not keep up with inflation under Biden.
80% of the country isn't saying the economy is bad because they're stupid they're saying it because they're paying more and getting less than they were in 2019.
You keep saying inflation is not under control. Please explain how 2% inflation is not under control.
It's not 2% it's 2.4 last month... and 3.3% for the year so far.
Prior to the Biden administration it hadn't been over 3 since 2011.
It's better than it was but we don't know if it's under control yet.
What we do know is the value of the dollar has been crushed over the last 4 years and the middle and lower class are feeling it no matter how many times out of touch fools try to assure them that they aren't hurting they're just too stupid to understand how well they're doing.
You are a clueless dolt. I mean really, really dumb. Biden and Harris sent prices skyrocketing.
If prices go up during a presidency, the then-president is responsible? Okay.
Just remember that in the coming years. IF prices go up--I really hope they don't, and inflation is certainly under control NOW--then be consistent and hold the occupant of the Oval Office responsible. Okay?
This went over your head, completely. When Trump took over from Obummer, anything good that happened in the first 2 years, minimum, was Trump riding Obummer's coat tail. If it was bad in the first 2 years, even just the slightest bit, you libs on here put 100% blame on him.
I'm not doing your homework pal, you can do it yourself. The main 6 libtards on these boards ripped him incessantly on anything and everything. But, when the job reports came out, inflation figures, unemployment, if it was good, he got no credit. If it was bad, it was on him.
LOOK FOR YOURSELF---see the Trump thread. It never ended.
Biden and Harris are responsible for the creating the mess that they did. Do you really now what things, everyday things were priced at when they took Office and then 3 years in?
Gas prices finally going down before an election? Wanna see my shocked face? What were they during the majority of their term? Trump won and Elon is on board with him...stocks rise when he wins.
Do you get it now? Have you been on the Trump thread? If you haven't then you get a free pass, in fairness to you. If you haven't, then you don't know that 6 dummies going on and on and on blaming Trump for the sun rising and setting and the tides. Flagpole, agip and Trolly boy read every single post on these political threads, every single one. It's for them pal, not you;)
While I would agree a lot of Americans are angry about inflation and they wanted change and that a big factor in the election, inflation in the US is not out of control.
Why do you think the Fed is likely to do 2 more cuts this year if they think inflation out of control?
Inflation was a problem. It was a worldwide problem. They US did a lot better than other developed nations with regards to economic growth and job growth and inflation since Corvid.
No, it truly doesn't make sense. I'll tell you why
Inflation is a measurement of the increase in the cost of goods over a specific time. The federal reserve's inflation number corresponds to a year over year increase.
So when you say 2021, 2022 and 2023 is baked in, it shows very clearly that you have no clue what you are talking about.
Regarding the price of gas, I'm assuming you mean gasoline. Gas prices fluctuate based on the oil market. Gas prices effect inflation, not the other way around.
So when you ask me about $2 gas vs $3 gas within the context of inflation, it shows me that you have no clue what you are talking about.
So I can't answer your question. Because your question makes no sense.
God you're dumb...
Inflation was 4.7% in 2021. Inflation was 8% in 2022. Inflation was 4.1% in 2023. Inflation has been about 3.3% in 2024.
Inflation is cumulative. The buying power of a dollar has dropped over 20% since Biden took office.
Oil is traded in US dollars. When the US dollar is inflated the price of oil is inflated. When the price of oil is inflated the price of everything that uses oil is inflated.
You are an idiot.
I'll ask you again. Do you think what you wrote makes sense?
Inflation isn't cumulative. Prices are cumulative.
Inflation is the measure of price increases year over year, that's it. It's used to see how fast prices are rising. It's a rate of increase.
Your dollar/oil world salad is so far off it can't be addressed.
You keep saying inflation is not under control. Please explain how 2% inflation is not under control.
It's not 2% it's 2.4 last month... and 3.3% for the year so far.
Prior to the Biden administration it hadn't been over 3 since 2011.
It's better than it was but we don't know if it's under control yet.
What we do know is the value of the dollar has been crushed over the last 4 years and the middle and lower class are feeling it no matter how many times out of touch fools try to assure them that they aren't hurting they're just too stupid to understand how well they're doing.
Why don't you just stop. You're embarrassing yourself.
The dollar is stronger than it's been in the past 20 years.
The DXY decreased 0.6644 or 0.63% to 104.4501 on Thursday November 7 from 105.1145 in the previous trading session. United States Dollar - values, historical data, forecasts and news - updated on November of 2024.
Inflation was 4.7% in 2021. Inflation was 8% in 2022. Inflation was 4.1% in 2023. Inflation has been about 3.3% in 2024.
Inflation is cumulative. The buying power of a dollar has dropped over 20% since Biden took office.
Oil is traded in US dollars. When the US dollar is inflated the price of oil is inflated. When the price of oil is inflated the price of everything that uses oil is inflated.
You are an idiot.
I'll ask you again. Do you think what you wrote makes sense?
Inflation isn't cumulative. Prices are cumulative.
Inflation is the measure of price increases year over year, that's it. It's used to see how fast prices are rising. It's a rate of increase.
Your dollar/oil world salad is so far off it can't be addressed.
You're literally getting dumber by the minute.
Inflation is absolutely cumulative. Do you you think inflation resets every January 1st?
The purchasing power of the dollar is down over 20% under Joe Biden.
This is a fact even if you are too stupid to comprehend it.
It's not 2% it's 2.4 last month... and 3.3% for the year so far.
Prior to the Biden administration it hadn't been over 3 since 2011.
It's better than it was but we don't know if it's under control yet.
What we do know is the value of the dollar has been crushed over the last 4 years and the middle and lower class are feeling it no matter how many times out of touch fools try to assure them that they aren't hurting they're just too stupid to understand how well they're doing.
Why don't you just stop. You're embarrassing yourself.
The dollar is stronger than it's been in the past 20 years.
While I would agree a lot of Americans are angry about inflation and they wanted change and that a big factor in the election, inflation in the US is not out of control.
Why do you think the Fed is likely to do 2 more cuts this year if they think inflation out of control?
Inflation was a problem. It was a worldwide problem. They US did a lot better than other developed nations with regards to economic growth and job growth and inflation since Corvid.
When people are at the grocery store paying $175 for a basket that cost them $100 4 years ago they do not get very excited about the Fed declaring that inflation is under control.
The US dollar is the global currency. When the US dollar is artificially inflated by bad fiscal policy it hurts the whole world.
I'll ask you again. Do you think what you wrote makes sense?
Inflation isn't cumulative. Prices are cumulative.
Inflation is the measure of price increases year over year, that's it. It's used to see how fast prices are rising. It's a rate of increase.
Your dollar/oil world salad is so far off it can't be addressed.
You're literally getting dumber by the minute.
Inflation is absolutely cumulative. Do you you think inflation resets every January 1st?
The purchasing power of the dollar is down over 20% under Joe Biden.
This is a fact even if you are too stupid to comprehend it.
No it isn't cumulative it's a rate of increase. It measures how quickly prices increase over a specific time frame. A 2% inflation rate means prices are increasing at a rate of 2% each year.
Yes, the inflation rate resets. It's a rolling 1 year lookback. The January rate looks at prices from January one year earlier. The February rate looks at prices from February one year earlier, and so on. It' doesn't look back any further than 1 year.
While I would agree a lot of Americans are angry about inflation and they wanted change and that a big factor in the election, inflation in the US is not out of control.
Why do you think the Fed is likely to do 2 more cuts this year if they think inflation out of control?
Inflation was a problem. It was a worldwide problem. They US did a lot better than other developed nations with regards to economic growth and job growth and inflation since Corvid.
When people are at the grocery store paying $175 for a basket that cost them $100 4 years ago they do not get very excited about the Fed declaring that inflation is under control.
The US dollar is the global currency. When the US dollar is artificially inflated by bad fiscal policy it hurts the whole world.
It's still under control.
Do you think Trump is going to magically turn that $175 basket back into a $100 basket?
Inflation is absolutely cumulative. Do you you think inflation resets every January 1st?
The purchasing power of the dollar is down over 20% under Joe Biden.
This is a fact even if you are too stupid to comprehend it.
No it isn't cumulative it's a rate of increase. It measures how quickly prices increase over a specific time frame. A 2% inflation rate means prices are increasing at a rate of 2% each year.
Yes, the inflation rate resets. It's a rolling 1 year lookback. The January rate looks at prices from January one year earlier. The February rate looks at prices from February one year earlier, and so on. It' doesn't look back any further than 1 year.
You truly don't understand this stuff.
Good lord...
The rate isn't cumulative you imbecile the price increases that result from the rate are cumulative.
You are absolutely wrong. Inflation is under control at 2%, fact. The FED has begun lowering interest rates to avoid deflation risk.
Wages are up.
Go ahead keep lying to yourself.
You seem triggered, that I a "lib" is doing much better than you are and I am going to keep doing better than you are under Trump.
You're a child. You thought Trump was going to get even for you. You voted for him to settle the score. News flash if you were a loser under Biden you'll continue to be a loser under Trump.
I grew up dirt poor. I learned early in my life that complaining doesn't get you much and you can't count on others for your survival. So I worked my ass off and built a multi-million dollar company. I purposely put myself in a position to thrive regardless of who's in charge.
People like you make me sick. You're a complainer. You expect Daddy Trump to save you. You're a lazy crybaby. You're only interested in making people as miserable as you are.
Good luck with your choice.
Oh so you have gone from an Oil & GAs dude with "concentrations" in oil and gas to "building a multi-million dollar company. And you thrived under that.
Are you always this much of a clown. Pathetic.
Don’t you know he’s J.R. Ewing? He can buy and sell you. lol
Oh so you have gone from an Oil & GAs dude with "concentrations" in oil and gas to "building a multi-million dollar company. And you thrived under that.
Are you always this much of a clown. Pathetic.
Yes. I make a lot of money. I put myself through law school and I own a consultancy firm that works with the oil and gas industry and commercial real estate. The oil and gas industry has done very well under Biden, commercial real estate not so much. Commercial real estate will should improve tremendously under Trump, now that the Fed has begun lowering interest rates, because inflation is back under control.
I've watched you and Winston make ridiculous claims the economy, specifically oil and gas and inflation. It's literally what I deal with everyday. People pay me a lot of money for advice on those two subjects.
I can, with 100% confidence, tell you that you both couldn't be more wrong.
There are a few things that can be done to bring them down a little bit but in general inflation is always here to stay unless there's a recession and deflation.
Inflation signifies growth usually but when wages are rising slower than inflation the middle and lower classes get crushed. Real wages for the middle and lower class did not keep up with inflation under Biden.
80% of the country isn't saying the economy is bad because they're stupid they're saying it because they're paying more and getting less than they were in 2019.
You keep saying inflation is not under control. Please explain how 2% inflation is not under control.
When people are at the grocery store paying $175 for a basket that cost them $100 4 years ago they do not get very excited about the Fed declaring that inflation is under control.
The US dollar is the global currency. When the US dollar is artificially inflated by bad fiscal policy it hurts the whole world.
It's still under control.
Do you think Trump is going to magically turn that $175 basket back into a $100 basket?
The same way Biden admin magically turned that $100 basket into a $175 basket?
Inflation is absolutely cumulative. Do you you think inflation resets every January 1st?
The purchasing power of the dollar is down over 20% under Joe Biden.
This is a fact even if you are too stupid to comprehend it.
No it isn't cumulative it's a rate of increase. It measures how quickly prices increase over a specific time frame. A 2% inflation rate means prices are increasing at a rate of 2% each year.
Yes, the inflation rate resets. It's a rolling 1 year lookback. The January rate looks at prices from January one year earlier. The February rate looks at prices from February one year earlier, and so on. It' doesn't look back any further than 1 year.
You truly don't understand this stuff.
What good is a 2% inflation if prices doubled during this admin?
The dollar being strong relative to other currencies is irrelevant.
The dollar is so strong now that the dollar menu at McDonald's costs $3....
You have absolutely no idea wtf you're talking about.
I figured out who you are. You're that 23 year old kid, that just graduated from the University of Michigan and got his first engineering job. He had the same writing style and loved calling people stupid.
You're smart enough to regurgitate what you read. But, you don't understand any of it. You're so far from understanding it, that you don't know how dumb it sounds. So, you keep doubling down.
I can't go back and forth with you any more.
I'll just tell you you're wrong, leave it at that.
Help us build the best running shoe review site for a chance to win a LetsRun t-shirt.Help us build the best running shoe review site for a chance to win one of 10 LetsRun t-shirts.