CPI jumps 5% in May of 2021, fastest since 2008

[oyarde]

according to fed minutes , fed economists are expecting inflation to be improved by 2026. So the optimists there are just expecting a half decade of third world.By then debt will be 50 trillion and half the tax revenue will be interest on debt

 

[Occam's Banana]

https://twitter.com/paulkrugman/status/1712494317024026761

 

[oyarde]

cant tell if it is cramer , krugman , biden or bagdad bob , all the same

 

[Madison320]

https://twitter.com/paulkrugman/status/1712494317024026761

Using Krugman's logic every country can become wealthy by printing.

I'm expecting a huge surge in commodity prices at some point. The Fed's balance sheet went from 1 to 8 trillion since 2008. The math says commodity prices should be 8 times what they were in 2008. At some point reality is going to hit us.

 

[Swordsmyth]

US Adds Half Trillion To National Debt In 20 Days


https://www.thefinancialtrends.com/2023/10/13/us-adds-half-trillion-to-national-debt-in-20-days/

 

[oyarde]

retail sales more than double estimated increase for sept coming in nearly 3/4 of a percentage point increase , sporting goods unchanged , 9 of the other 12 categories up. slow down only electronic and appliance stores as well as clothing . retail and auto parts up over 1 percent to 3 percent. Chooglin '.

 

[Madison320]

US Adds Half Trillion To National Debt In 20 Days


https://www.thefinancialtrends.com/2023/10/13/us-adds-half-trillion-to-national-debt-in-20-days/

We need Trump to fix it ... wait ... he doubled spending ... never mind.

 

[acptulsa]

 

[Swordsmyth]

We need Trump to fix it ... wait ... he doubled spending ... never mind.

Congress, not Trump.

 

[oyarde]

business insider current article says american needs to earn 115k per yr to afford typical home , up 50 percent from pre plague thats the type of inflation that really exists here in the failed republic of unlimited unbacked frn's. For those who are not good with math I'll mention that up 50 percent in three years is not 4 or 5 percent inflation.

 

[acptulsa]

Congress, not Trump.

Show me where they overrode his veto.

You know, Trump's a big boy now. He can issue his own denials.

 

[oyarde]

my favorite cash trump song is Ive Been Everywhere

 

[Occam's Banana]

Stop complaining about inflation, you selfish bastards!

As an American, you should want to take the hit - for the sake of foreign borrowers.

https://www.theguardian.com/busines...n-inflation-will-tip-the-world-into-recession

https://twitter.com/BobMurphyEcon/status/1714667543162401251

//

 

[Swordsmyth]

Show me where they overrode his veto.

You know, Trump's a big boy now. He can issue his own denials.

The last NDAA.

And why would he create enemies by vetoing bills that had enough votes to override the veto?
He had enough trouble getting good things done and stopping as much bad already.

 

[Madison320]

Congress, not Trump.

Except Trump signed all of those insane spending bills.

We need a president who will veto every spending increase and call out everyone who voted for it.

 

[acptulsa]

Except Trump signed all of those insane spending bills.

We need a president who will veto every spending increase and call out everyone who voted for it.

You're wasting your breath. He figures Trump was right to pass all that crap, because that enabled him to stop other, presumably nastier stuff. He doesn't seem willing to admit that he stopped no nasty stuff while waiting for mythical nastier stuff; that doesn't support his myriad excuses.

 

[oyarde]

In todays USA today article it says biden to ask congress for another 100 billion for ukraine and israel.

 

[Swordsmyth]

You're wasting your breath. He figures Trump was right to pass all that crap, because that enabled him to stop other, presumably nastier stuff. He doesn't seem willing to admit that he stopped no nasty stuff while waiting for mythical nastier stuff; that doesn't support his myriad excuses.

He stopped a load of nasty stuff and passed a lot of good stuff.

 

[Madison320]

The last NDAA.

And why would he create enemies by vetoing bills that had enough votes to override the veto?
He had enough trouble getting good things done and stopping as much bad already.

Ha! Ha! That was Trump's only veto, which he did after he was already on his way out.

The fact that you've mentioned this several times as evidence that Trump has vetoed a bill proves you're either dishonest or really dumb.

 

[Madison320]

He stopped a load of nasty stuff and passed a lot of good stuff.

He voted for doubling the size of government, but it's really, really good government!