U.S. Inflation Is Highest in 13 Years

Discussion in 'MKJ Off-Topic' started by 901 Club, Jun 11, 2021.

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  2. SoCalN8tiv

    SoCalN8tiv Junior Member


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    #3
    To quote a burger chain's vintage slogan, "You deserve a break today!"
     
  3. SoCalN8tiv

    SoCalN8tiv Junior Member


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    #4
    Yep, 13 years ago he served as VP under Hussein O....for eight years...eight long years of a mediocre economy, part-time jobs, and a work force that stopped looking for work. Worst potus and vpotus ever! Thank God Trump had a magic wand to fix their mess!
     
  4. DaFireMedic

    DaFireMedic Junior Member


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    #5
    And it ain’t done yet....
     
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  5. Troianus Acies

    Troianus Acies Junior Member


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    #6
    We are on the first step of the "Hussien, Anti America, O Shit Head 2.0" staircase to hell.

    The same staircase that leads to the basement of "The Presidential Fraud named Brain Dead Joe" and his Marxist entourage.
     
  6. TKnight

    TKnight Junior Member


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    #7
    Odumd Dumb said it this week, Joe is finishing his Job to F-over America and turn us into a Klaus's WEF socialist Hell hole!

    In a Real free America their is no room for Dem Socialist's or Communist's representative in our Government. Enter the Deep state and Squad Broad idiots. Instead of them being grateful of what American opportunity has provided them they get paid $$$$$$$$$$$ bucks they still think the US is a shit hole and needs to be "reimagined." FY Ilhan time to go back to Somalia. and the rest of the squad can go live in the socialist utopian hell hole of a county they choose.
     
    Last edited: Jun 12, 2021
  7. Jim McNeil

    Jim McNeil Points Member


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    #8
    Print more money
    Pay more people for nothing
    Invite foreigners to come in and enjoy the largesse
    Kill competition
    Blame the previous Administration
    America, what a country.
     
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  8. GaryB

    GaryB Junior Member


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    #9
    Too bad he didn’t wave it. It is simply remarkable how you simply makeup economic growth that didn’t exist.


    There is no known correlation between the money supply and inflation. Tea Party members argued endlessly that QE would lead to hyper-inflation and dollar devaluation. Neither occurred.

    There is no known correlation between transfer payments and inflation. Inflation is caused by demand increasing prices and/or wages pushing up costs. Currently, because of supply-chain dislocations caused by the pandemic and tariffs, an imbalance exists that is pushing up prices. The imbalance will be resolved as excess capacity comes online. Wages are a non-issue with 1o million unemployed and more workers leaving the workforce.

    A more likely scenario is we are entering a deflationary phase, as evident by the 10 year bond retreating to below 1.45%. The housing, energy and financial market bubbles are all at risk as tapering by the Fed moves forward, at the same time that rent abatement and unemployment ends.

    Foreign Domestic Investment is critical to ending the decline of the US dollar. Biden’s infrastructure plan will push the dollar towards the 70s without FDI, which will force all countries pegged to the dollar to further devalue. Not a good outcome for a country that wants to export any inflation.

    Yes, the disruption to the supply chain and devaluation of the dollar is owned by the prior administration.
     
  9. DJ4SC

    DJ4SC Junior Member


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    #10
    Commie liar.
     
  10. GaryB

    GaryB Junior Member


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    #13
    I have taken the bait for years, coloring the nonsense that you guys cut and paste with facts. Instead of wasting your time being one of the herd, why don’t you do a little research and attack my arguments? Although I completely disagreed with Georgia Boy’s conclusions; at least, he attempted to argue the facts.

    In the years that I have participated on this board, Garage Mahal and SLC are the only two members that have ever presented a cogent argument.
     
  11. DaFireMedic

    DaFireMedic Junior Member


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    #14
    I don’t think he was referring to foreign investment.
     
  12. denali15

    denali15 Points Member


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    #15
    Yep: there is no known correlation between anything and inflation.
     
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  13. SouthbayTrojan91

    SouthbayTrojan91 Junior Member


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    #17
    That would be news to actual economists....especially since that is definition of inflation.

    Since we are really talking about the increase in prices of goods and services....you would still be on the wrong side .

    I am sure you are going to argue supply and demand are the only causes of increases in the costs of goods and services?
    Then someone with more time on their hands than I have can provide you with evidence to the contrary.

    I am too lazy.
    So go read this: Causes of Inflation: Main Reasons for Rising Prices (thebalance.com)
     
  14. Jim McNeil

    Jim McNeil Points Member


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    #18
    There's no need. Gary has been proven wrong so many times the burden of proof is on him. His lies are so pervasive, it is understood that if he wrote it, it is a lie.
     
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  15. DJ4SC

    DJ4SC Junior Member


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    #19

    You are such a fucking liar. There are many who have tried to get you to pull your trolling head out of your ass to no avail. There’s tons of rebuttal to your drivel the issue is that you never bother to read any of it because. you. are. a. troll.
     
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  16. Gold Trojan

    Gold Trojan Points Member


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    #20
    Communists talking economics.

    [​IMG]
     
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