Viewed rationally those policies are handouts, increase consumer spending, and are by definition inflationary. Add to that the $Trillion of stimulus in the Chips Act and Clean Energy bills, you really are not helping the problem.
It's like the Democratic governors who are flush with cash from the American Rescue Plan that they never really needed who are giving the money to their constituents to "help deal with inflation", which in turn creates more inflation. The funny thing about the Inflation Reduction Act, is that the only part that reduces inflation is the provision that streamlines the MVP that Manchin got in the bill that the rest of the Democrats universally condemned.
the arrogance and tunnel vision of Joe are stunning things to behold.
the entire world is having inflation, european inflation is far worse than the US, and our Joe is arrogant enough to think he can put his finger on exactly why the US has inflation: Joe Biden and the Democrats. A few policies that wrecked everything. We would be crusing along at 2% inflation still, if only for these specific laws Joe cited.
I mean how does he look in a mirror and say that? It's an amazing display of letting politics walk him around by the nose.
It's like the Democratic governors who are flush with cash from the American Rescue Plan that they never really needed who are giving the money to their constituents to "help deal with inflation", which in turn creates more inflation. The funny thing about the Inflation Reduction Act, is that the only part that reduces inflation is the provision that streamlines the MVP that Manchin got in the bill that the rest of the Democrats universally condemned.
the arrogance and tunnel vision of Joe are stunning things to behold.
the entire world is having inflation, european inflation is far worse than the US, and our Joe is arrogant enough to think he can put his finger on exactly why the US has inflation: Joe Biden and the Democrats. A few policies that wrecked everything. We would be crusing along at 2% inflation still, if only for these specific laws Joe cited.
I mean how does he look in a mirror and say that? It's an amazing display of letting politics walk him around by the nose.
The central bankers of the world adopted experimental monetary policies that enabled politicians to do equally stupid things. Pretty simple explanation. No one should be surprised when things get worse, and that is the only way it improves. A rational rebalance of the economies of the world, where there is price discovery, will not happen without economic pain.
the arrogance and tunnel vision of Joe are stunning things to behold.
the entire world is having inflation, european inflation is far worse than the US, and our Joe is arrogant enough to think he can put his finger on exactly why the US has inflation: Joe Biden and the Democrats. A few policies that wrecked everything. We would be crusing along at 2% inflation still, if only for these specific laws Joe cited.
I mean how does he look in a mirror and say that? It's an amazing display of letting politics walk him around by the nose.
The central bankers of the world adopted experimental monetary policies that enabled politicians to do equally stupid things. Pretty simple explanation. No one should be surprised when things get worse, and that is the only way it improves. A rational rebalance of the economies of the world, where there is price discovery, will not happen without economic pain.
Igy you should be happy with EU...its stocks have gone nowhere for 15 years. So they've declined massively in after-inflation terms. Sounds like some pretty dern effective price discovery.
It's like the Democratic governors who are flush with cash from the American Rescue Plan that they never really needed who are giving the money to their constituents to "help deal with inflation", which in turn creates more inflation. The funny thing about the Inflation Reduction Act, is that the only part that reduces inflation is the provision that streamlines the MVP that Manchin got in the bill that the rest of the Democrats universally condemned.
the arrogance and tunnel vision of Joe are stunning things to behold.
the entire world is having inflation, european inflation is far worse than the US, and our Joe is arrogant enough to think he can put his finger on exactly why the US has inflation: Joe Biden and the Democrats. A few policies that wrecked everything. We would be crusing along at 2% inflation still, if only for these specific laws Joe cited.
I mean how does he look in a mirror and say that? It's an amazing display of letting politics walk him around by the nose.
Ya think increasing the US money supply by 39% in the past two years may have something to do with it?
the arrogance and tunnel vision of Joe are stunning things to behold.
the entire world is having inflation, european inflation is far worse than the US, and our Joe is arrogant enough to think he can put his finger on exactly why the US has inflation: Joe Biden and the Democrats. A few policies that wrecked everything. We would be crusing along at 2% inflation still, if only for these specific laws Joe cited.
I mean how does he look in a mirror and say that? It's an amazing display of letting politics walk him around by the nose.
Ya think increasing the US money supply by 39% in the past two years may have something to do with it?
ignoring an entire post-pandemic inflationary planet because you have deeply ingrained political views is childish.
It's like the Democratic governors who are flush with cash from the American Rescue Plan that they never really needed who are giving the money to their constituents to "help deal with inflation", which in turn creates more inflation. The funny thing about the Inflation Reduction Act, is that the only part that reduces inflation is the provision that streamlines the MVP that Manchin got in the bill that the rest of the Democrats universally condemned.
the arrogance and tunnel vision of Joe are stunning things to behold.
the entire world is having inflation, european inflation is far worse than the US, and our Joe is arrogant enough to think he can put his finger on exactly why the US has inflation: Joe Biden and the Democrats. A few policies that wrecked everything. We would be crusing along at 2% inflation still, if only for these specific laws Joe cited.
I mean how does he look in a mirror and say that? It's an amazing display of letting politics walk him around by the nose.
Obama’s former economic adviser wrote an oped prior to the ARP passage that said it was irresponsible and would create inflation and that the fed would have to create a recession to stamp it out.
Larry Summers, a top economic adviser to former President Obama, blasted the $1.9 trillion coronavirus stimulus package signed by President Biden earlier this month as the “least responsible” econo…
the arrogance and tunnel vision of Joe are stunning things to behold.
the entire world is having inflation, european inflation is far worse than the US, and our Joe is arrogant enough to think he can put his finger on exactly why the US has inflation: Joe Biden and the Democrats. A few policies that wrecked everything. We would be crusing along at 2% inflation still, if only for these specific laws Joe cited.
I mean how does he look in a mirror and say that? It's an amazing display of letting politics walk him around by the nose.
Obama’s former economic adviser wrote an oped prior to the ARP passage that said it was irresponsible and would create inflation and that the fed would have to create a recession to stamp it out.
Democrats are having a White House celebration for their “inflation reduction act” today in what might be the most tone deaf political celebration of the 21st century. https://t.co/UCnxuhkzJS
ok now do the EU which has worse inflation than we do.
So your retort is not to justify the irresponsible policy, but to say “well, they did it too”. That is the essence of MMP in a nutshell.
your idiocy is to totally disregard the pandemic's similar effect on all rich nations, and instead try to score lame idiotic political points because of your pre-existing political views.
With the market move downward today, I am watching for a good entry point to load up the wagon and buy. I said it a couple of weeks back, I wish the markets would go down one more time in order to really load up at a favorable entry point. Yes, I've been buying over the last few weeks, but there's room for more.
Agip, I agree with Agip's read of the market and I feel that longer term, inflation will be easing, and that will be soon if not already in progress.
Anybody see this article? Thought it was pretty interesting. I'll try to paste it here in case it's behind a paywall for others... Unfortunately the figures don't show up, but you can get the gist from the text.
Last week’s first gain in four for stocks has likely emboldened some bulls out there, but investor wariness remains, according to a new survey from Deutsche Bank. Observe the chart below that shows how positions may be stretchy on the bear side if the stock market can keep up its momentum. When asked what the S&P 500’s next move would be, 74% of respondents said 3,300 — a roughly 18% drop from Friday’s close of 4,067. That was slightly up from 73% predicting that level in June. A 10% move higher to 4,500 was predicted by 26% of respondents, down from 28% in June. DEUTSCHE BANK Meanwhile, fewer than 10% of those surveyed believe the stock market has bottomed, with 58% saying the market will hit its lows for this cycle in 2023 or beyond. DEUTSCHE BANK Since the June survey, expectations for 5% 10-year U.S. Treasury yields has grown to 73% from 60%: DEUTSCHE BANK Read: A second leg down for the bear market in stocks would expose 3 ‘naked swimmers.’ That won’t be pretty. Finally, these two charts, the first showing most respondents — 80% — think a U.S. recession is coming in 2023, and the second that the Federal Reserve is doing a better job than the European Central Bank or Bank of England: DEUTSCHE BANK DEUTSCHE BANK
... I've been buying over the last few weeks, but there's room for more.
Me too, but GICs which are hitting once in a generation rates these days.
Of course, I am damn near retired, looking for a bit more safety than some others on this thread...
I hear ya. and good for you!
I am at a similar stage in career to you.
Like your GICs, I jumped on a bit of those iBonds and was able to tap into them more than prescribed limits by gifting them at what is a very favorable rate of return, for the time being.
Provided to YouTube by ColumbiaI'm Goin' Down · Bruce SpringsteenBorn In The U.S.A.℗ 1984 Bruce SpringsteenReleased on: 1984-06-04Acoustic Guitar, Mandolin,...
The central bankers of the world adopted experimental monetary policies that enabled politicians to do equally stupid things. Pretty simple explanation. No one should be surprised when things get worse, and that is the only way it improves. A rational rebalance of the economies of the world, where there is price discovery, will not happen without economic pain.
Igy you should be happy with EU...its stocks have gone nowhere for 15 years. So they've declined massively in after-inflation terms. Sounds like some pretty dern effective price discovery.
It appears not an endorsement of ECB monetary policy or the promises of globalism.
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.
