Biden claims inflation has peaked
Comments
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PPI is still a couple points higher than cpi though which suggests we aren’t to peak inflation yet.greenblood said:He's probably right as the CPI is a lagging indicator. But we won't know for sure until the next CPI hits.
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DIMS want to raise taxes and spend $trillions more before they can’t. It’s Hail Mary time for that shit party.
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I will be rooting for him to be right, but expect him to be wrong, secure in the knowledge that he has no clue what he's saying. At the very best, one of his advisors does have a clue, and he'll be broken clock right about this one. Everybody should hope for that. Inflation is a bitch.
I will add in here that no admin has had the balls to turn off the free money faucet, so this little problem can be laid at the feet of many. -
It's justice that Biden gets the shitstorm the blue states brought us with lockdowns
They should have let Trump win
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There's plenty of truth to what you say. However, I think most of the 'outrage' is based on gaslighting about how there is no inflation, no it's transitory, maybe there is but isn't bad, if it is it's good, etc. This admin seems even more clueless and dogmatic than most.creepycoug said:I will be rooting for him to be right, but expect him to be wrong, secure in the knowledge that he has no clue what he's saying. At the very best, one of his advisors does have a clue, and he'll be broken clock right about this one. Everybody should hope for that. Inflation is a bitch.
I will add in here that no admin has had the balls to turn off the free money faucet, so this little problem can be laid at the feet of many. -
Amazon day one prime sales are up 8% vs last year. 83% of people said that inflation weighed on their buying decisions and have been delaying purchases until Prime Day. Anecdotally, discounting seems to be roughly in line with a normal year, 30-40% off. Sellers cover 100% of the markdown costs on Prime Day which effectively makes those sales $0 profit when you combine that with the required marketing spends to get decent placement. Lots of conflicting things going on here in terms of what this means for macro-economy, but my take is that companies have a glut of bad inventory. Otherwise why discount so heavily to make no profit especially as each new unit of inventory is costing more than the previous one?hardhat said:
There's plenty of truth to what you say. However, I think most of the 'outrage' is based on gaslighting about how there is no inflation, no it's transitory, maybe there is but isn't bad, if it is it's good, etc. This admin seems even more clueless and dogmatic than most.creepycoug said:I will be rooting for him to be right, but expect him to be wrong, secure in the knowledge that he has no clue what he's saying. At the very best, one of his advisors does have a clue, and he'll be broken clock right about this one. Everybody should hope for that. Inflation is a bitch.
I will add in here that no admin has had the balls to turn off the free money faucet, so this little problem can be laid at the feet of many. -
46XiJCAB said:
Three questions every DIM running against a Republican should be asked by the candidate.
Are you in favor of American energy independence.
Can a man get pregnant.
Are you in favor of biological boys/men competing against girls/women.
Have you ever showered with your daughter?
