Well Race, you guys hate inflation and you hate unemployment. The FEDs job is to prevent the former. Trump wanted both. He pressured the FED to lower interest rates during his term. We basically continued to give out free money when the economy was running hot. As a result of too much money in supply, inflation kicked in for when Biden was in office.
The FEDs actions to raise interest rates is designed to bring that unemployment rate up and tighten that supply of money. Why are you guys shocked about that. If anything, the economy has held up well against those rates rising aggressively as they have. You can’t have both once youre in that position of having high inflation.
Throbber…if your sitting their waiting for your BECU Husky Debit Card and associated savings account to make you a return above 2 cents per every 1k your insane. Your guys ecomonic prowess is scary.
EverettChris…Holy shit HuskyBuck & RaceBannon are the same account!!! THey posted within two minutes of each other. Or maybe….I am Bob_C since i made that post first 10 minutes!!! You guys are wild.
Jesus Bob, the moment eggs start becoming $6 a dozen in your scenario demand would drop off which would result in a suboptimal profit then they would set it back at $5
Don’t believe me? Look at the first response on this thread. “Buy chickens!” People would start finding alternatives.
The market sets the market clearing price, not the buyers or the sellers as a group. Millions of buyers and sellers on an individual basis act in their individual best interest. Future supply issues figures in to current market prices. You are correct that higher prices drop demand, but if $6 is the new market clearing price that is what the demand is. It won't drop unless supply increases or new cheaper alternatives are developed.
Comments
SwoopTheBuck starts the thread, and within 30 minutes, switches his account back to the OG Buck to argue against his initial troll post.
Insanity is something to behold. It worked as a solid troll. Nice job, Buck. You accomplished something for once.
Well Race, you guys hate inflation and you hate unemployment. The FEDs job is to prevent the former. Trump wanted both. He pressured the FED to lower interest rates during his term. We basically continued to give out free money when the economy was running hot. As a result of too much money in supply, inflation kicked in for when Biden was in office.
The FEDs actions to raise interest rates is designed to bring that unemployment rate up and tighten that supply of money. Why are you guys shocked about that. If anything, the economy has held up well against those rates rising aggressively as they have. You can’t have both once youre in that position of having high inflation.
Inflation happened under Biden not Trump
Hope this helps
Kamala said the administration brought down inflation to 3%. Biden has continually lied and said he inherited 9%.
Throbber…if your sitting their waiting for your BECU Husky Debit Card and associated savings account to make you a return above 2 cents per every 1k your insane. Your guys ecomonic prowess is scary.
EverettChris…Holy shit HuskyBuck & RaceBannon are the same account!!! THey posted within two minutes of each other. Or maybe….I am Bob_C since i made that post first 10 minutes!!! You guys are wild.
Retard Alert. Lacking basic comprehension as usual.
Got your citations yet or just going to make more shit up?
Wtf are you babbling about?
Peak Spaz
Ok then
Retards for Harris
BidenBros putting on a complete tour de force performance for economic retardation in this thread.
Clown car from a mental hospital Level of dipshittery!
Jesus Bob, the moment eggs start becoming $6 a dozen in your scenario demand would drop off which would result in a suboptimal profit then they would set it back at $5
Don’t believe me? Look at the first response on this thread. “Buy chickens!” People would start finding alternatives.
Cmon man, stop making EverettChris posts.
Individual food items within the food category are elastic, but food as a category is inelastic. You should google what that means.
LMAO at this Spazzy dunce and his simplistic view of retail pricing.
The market sets the market clearing price, not the buyers or the sellers as a group. Millions of buyers and sellers on an individual basis act in their individual best interest. Future supply issues figures in to current market prices. You are correct that higher prices drop demand, but if $6 is the new market clearing price that is what the demand is. It won't drop unless supply increases or new cheaper alternatives are developed.
EverettChris you work in retail or na?
Tell me you dont understand the Supply and Demand concept w/o telling me you dont understand the supply and demand concept.
Reddit/fag
All you've shown is that you don't understand how supply and demand are impacted by price changes on inelastic food goods (like eggs, milk).