Some economists say we're in the "everything bubble". Real estate and the stock markets are both in bubbles. The only things not in the bubble are silver and gold.
It's not fully independent in practical application, but they are indeed separate. Mortgage rates and inflation are both downstream effects of changes in the money supply and the rates set by the Fed.
But now that you've accepted the impact of the money supply in all of this you should look at the increase in M2 from 2017 through 2020 and then again from 2021 through 2024. It sounds like the results will shock you.
It's completely incompatible with the specific numbers that you cited. There weren't millions of federal government jobs added, and you ignored the private sector. It absolutely refutes what you said, and no ill-conceived attempts to be smug or condescending can change that. Your best option is to either quit or now pivot to questioning the validity of the data. Because your claims cannont be correct if this data is valid.
If a million people leave the workforce and a million new people take the jobs they left the BLS will say employment stayed the same...
Theres also state and local governments. 709,000 federal state and local jobs added in 2023 alone.
Do you ever get tired of being wrong about absolutely everything?
But you're necessarily talking about the net change in jobs, not gross, when you're relating that to employment rate. Also, "being wrong about absolutely everything" is a bit presumptuous. Sounds like you're getting a bit overwhelmed and making some things up to soothe your feelies.
It's not fully independent in practical application, but they are indeed separate. Mortgage rates and inflation are both downstream effects of changes in the money supply and the rates set by the Fed.
But now that you've accepted the impact of the money supply in all of this you should look at the increase in M2 from 2017 through 2020 and then again from 2021 through 2024. It sounds like the results will shock you.
ADolt can’t argue without resorting to insults. It’s what stupid people and those that are compensating do. He’s a stupid old man that pounds on his keyboard and yells at his computer.
It's not fully independent in practical application, but they are indeed separate. Mortgage rates and inflation are both downstream effects of changes in the money supply and the rates set by the Fed.
But now that you've accepted the impact of the money supply in all of this you should look at the increase in M2 from 2017 through 2020 and then again from 2021 through 2024. It sounds like the results will shock you.
It sounds like there's yet another chart you dont understand...
It's not fully independent in practical application, but they are indeed separate. Mortgage rates and inflation are both downstream effects of changes in the money supply and the rates set by the Fed.
But now that you've accepted the impact of the money supply in all of this you should look at the increase in M2 from 2017 through 2020 and then again from 2021 through 2024. It sounds like the results will shock you.
It sounds like there's yet another chart you dont understand...
I don't think you can comment on that with any credibility.
If a million people leave the workforce and a million new people take the jobs they left the BLS will say employment stayed the same...
Theres also state and local governments. 709,000 federal state and local jobs added in 2023 alone.
Do you ever get tired of being wrong about absolutely everything?
But you're necessarily talking about the net change in jobs, not gross, when you're relating that to employment rate. Also, "being wrong about absolutely everything" is a bit presumptuous. Sounds like you're getting a bit overwhelmed and making some things up to soothe your feelies.
According to the St. Louis FED there were 21,779,000 government workers when Biden took office.
There were 23,592,000 when Biden left office.
Again it sounds like youre completely wrong and too busy trying to be smug to notice youre an idiot...
It sounds like there's yet another chart you dont understand...
I don't think you can comment on that with any credibility.
To be fair you dont actually think at all.
M2 was 19,359.7 billion when Biden took office.
M2 was 21,511 billion when Biden left office.
You could make an argument some of the increase was needed in 2020. There is no conceivable argument to be made that Bidens shameless printing and spending was necessary.
I'm aware of that figure. I was the one who just showed it to you. You clearly just saw the data for the first time, even though you previously made a comment about it. And you're implying that Biden was behind local government hires? And once again, this is a fraction of the net increase in private sector jobs added during the period, so it's bizarre to attribute jobs growth to the Federal government. Also, to be nitpicky, you did say "millions". Even including state and local government employment growth, that figure still didn't rise to multiple millions.
I don't think you can comment on that with any credibility.
To be fair you dont actually think at all.
M2 was 19,359.7 billion when Biden took office.
M2 was 21,511 billion when Biden left office.
You could make an argument some of the increase was needed in 2020. There is no conceivable argument to be made that Bidens shameless printing and spending was necessary.
Are you similarly disgusted that M2 increased from $13.4T in 2017 to $15.4T under Trump before the pandemic disruption even began? That's a larger increase nominally and obviously on a percentage basis. Are you mad that Trump has been apply public pressure on the Fed to increase the money supply for months now, even though M2 increased by $600B since he took office?
I'm aware of that figure. I was the one who just showed it to you. You clearly just saw the data for the first time, even though you previously made a comment about it. And you're implying that Biden was behind local government hires? And once again, this is a fraction of the net increase in private sector jobs added during the period, so it's bizarre to attribute jobs growth to the Federal government. Also, to be nitpicky, you did say "millions". Even including state and local government employment growth, that figure still didn't rise to multiple millions.
When you hire 700k a year how many does that make after 4 years?
Biden wasnt behind anything the man is brain dead. But his handlers and your cult 100% take credit for every job "created" while he was napping.
The labor force participation rate in January 2020 was 63.3%. It plummeted to 60.1% in April of 2020. When Biden left office it still hadnt returned to precovid levels.
Anyone who believes Biden created 17 million actual jobs is a fool.
You could make an argument some of the increase was needed in 2020. There is no conceivable argument to be made that Bidens shameless printing and spending was necessary.
Are you similarly disgusted that M2 increased from $13.4T in 2017 to $15.4T under Trump before the pandemic disruption even began? That's a larger increase nominally and obviously on a percentage basis. Are you mad that Trump has been apply public pressure on the Fed to increase the money supply for months now, even though M2 increased by $600B since he took office?
Trump was a disaster fiscally in his first term. He tempered it with strong policy.
With Biden you got fiscal disaster combined with idiotic policy which is why inflation exploded under Biden.
Are you similarly disgusted that M2 increased from $13.4T in 2017 to $15.4T under Trump before the pandemic disruption even began? That's a larger increase nominally and obviously on a percentage basis. Are you mad that Trump has been apply public pressure on the Fed to increase the money supply for months now, even though M2 increased by $600B since he took office?
Trump was a disaster fiscally in his first term. He tempered it with strong policy.
With Biden you got fiscal disaster combined with idiotic policy which is why inflation exploded under Biden.
Of course. All of that inflation definitely wasn't a completely predictable lagged result of the enormous increase in the money supply that preceded it. It's a weird coincidence that the term "inflation" historically referred to the change in money supply but has come to widely refer to the change in prices.
I'm aware of that figure. I was the one who just showed it to you. You clearly just saw the data for the first time, even though you previously made a comment about it. And you're implying that Biden was behind local government hires? And once again, this is a fraction of the net increase in private sector jobs added during the period, so it's bizarre to attribute jobs growth to the Federal government. Also, to be nitpicky, you did say "millions". Even including state and local government employment growth, that figure still didn't rise to multiple millions.
When you hire 700k a year how many does that make after 4 years?
Biden wasnt behind anything the man is brain dead. But his handlers and your cult 100% take credit for every job "created" while he was napping.
The labor force participation rate in January 2020 was 63.3%. It plummeted to 60.1% in April of 2020. When Biden left office it still hadnt returned to precovid levels.
Anyone who believes Biden created 17 million actual jobs is a fool.
You replied to my post but seemed to have ignored it.
This, of course, intentional. The most important thing right now to the billionaire class is lowering interest rates. If a bunch of people lose their jobs and we go into a recession who cares, right? Lower interest rates is the goal here.
Trump was a disaster fiscally in his first term. He tempered it with strong policy.
With Biden you got fiscal disaster combined with idiotic policy which is why inflation exploded under Biden.
Of course. All of that inflation definitely wasn't a completely predictable lagged result of the enormous increase in the money supply that preceded it. It's a weird coincidence that the term "inflation" historically referred to the change in money supply but has come to widely refer to the change in prices.
Youre so dumb...
M2 has steadily increased every year for over 50 years.
When Obama took office it was 8,289.4
When Obama left office it was 13,300.7
Because youre a mindless partisan hack you pretend that never happened and focus solely on the scary orange man your cult tells you to hate.
The fact remains that in 2021 the absolute worst thing Biden could do was keep printing money.
He did it anyway and the inflation wasnt "transitory" as a direct result.
Where did I imply that M2 hasn't steadily increased over time? Are you denying that it increased very rapidly in 2020 and to a lesser extent 2021? Please respond without any fanfic about my supposed political inclinations. We can just deal with basic facts here instead of getting worked up and sounding silly.
Where did I imply that M2 hasn't steadily increased over time? Are you denying that it increased very rapidly in 2020 and to a lesser extent 2021? Please respond without any fanfic about my supposed political inclinations. We can just deal with basic facts here instead of getting worked up and sounding silly.
You pointed to the increase precovid as if it was unusual.
Where did I imply that M2 hasn't steadily increased over time? Are you denying that it increased very rapidly in 2020 and to a lesser extent 2021? Please respond without any fanfic about my supposed political inclinations. We can just deal with basic facts here instead of getting worked up and sounding silly.
You pointed to the increase precovid as if it was unusual.
It was not.
I didn't say that it was unusual. In fact, I was claiming that it was similar to something that occurred in another administration that you were complaining about. The unusual bit was (again) 2020 and 2021, which I am asserting was the driving force behind elevated price inflation in the subsequent years. Hence my post about the relationship between money supply and and inflation.