You know Sandy's a freak in bed. And Boebert, when she takes her glasses off...... oh yeah!
Inflation - 40 Year High
- Thread starter MyTeamIsOnTheFloor
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Pete is the absolute worst. I already canceled Lars over Pete. He's done.
You can't cancel Lars - he's the only sane leftist on here.
Pete's got that impish grin - he's so loveable to the left. Don't you you just want to ruffle his hair?
Agreed. I hated having to cancel Lars. But he took any choice I had away. He's done
Cmon man. She's the head of the intellectual wing of the Democratic Party.
Control the food,control the people!There was a recall.
Too bad we can't order a recall on our politicians.
Oh yeah - all the peanut butter in my pantry was on the recall. I've been eating it ever since.There was a recall.
Too bad we can't order a recall on our politicians.
How could anyone support the weirdo Biden Administration? He's screwed up the Country in 16 months!
Same. I finished off the 4 pound jar. Never got sick. No way I was trashing JIF.
I bought some Skippy the other day. It's just not the same.
I don't know about Peter Pan - I'll leave that to the leftists here to try.
I was relegated to Kroger. It’s essentially wallpaper paste.I bought some Skippy the other day. It's just not the same.
I don't know about Peter Pan - I'll leave that to the leftists here to try.
I'll trust what Warren Buffett has to say about our current inflation:
However, Buffett and Munger view inflation as a necessary consequence to get the U.S. out of what could have been a COVID-19 induced depression.
"We've had a lot of inflation, and it was almost impossible not to have it if you're going give out the kind of money we gave out. And it's probably a good thing we did it, in fact, I think at one point when the Federal Reserve was creating the money, if they hadn't done it our lives would be worse, a whole lot worse. Now that was an important decision," said Buffett.
In another exchange, Munger said, "It happened on a scale this time that we've never seen before. Those checks are just mailed out to everybody who claimed to have a business and claimed to have employees. They probably drowned the country in money for a while, and as you [Buffett] say, they probably had to do it."
"In my book, Jay Powell is a hero," Buffett responded. "It's very simple, he did what he had to do."
An unavoidable consequence
Buffett and Munger both spoke negatively about the state of the economy due to inflation and how it is largely a result of loose fiscal and monetary policy. This policy artificially inflated demand and effectively caused a supply/demand imbalance -- the cure for which was rising prices to try and lower demand. And now, the remedy seems to be raising interest rates to try and reduce demand. "We are seeing an unleashing of the fact that we just mailed a lot of money one way or another," said Buffett.However, Buffett and Munger view inflation as a necessary consequence to get the U.S. out of what could have been a COVID-19 induced depression.
"We've had a lot of inflation, and it was almost impossible not to have it if you're going give out the kind of money we gave out. And it's probably a good thing we did it, in fact, I think at one point when the Federal Reserve was creating the money, if they hadn't done it our lives would be worse, a whole lot worse. Now that was an important decision," said Buffett.
In another exchange, Munger said, "It happened on a scale this time that we've never seen before. Those checks are just mailed out to everybody who claimed to have a business and claimed to have employees. They probably drowned the country in money for a while, and as you [Buffett] say, they probably had to do it."
"In my book, Jay Powell is a hero," Buffett responded. "It's very simple, he did what he had to do."
Financial Times:
Warren Buffet says the "significant inflation" as a result of a "RED HOT" economy.
www.ft.com
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https://www.ft.com/content/06220c54-43c6-4e77-8952-a65245011a99
“This has been a very unusual recession,” Buffett said. “Right now, business really is very good in a great many segments of the economy.” US household incomes rose by the most in recorded history in March as the country’s economic expansion accelerated, lifted by government stimulus and a healing labour market. That has sent reverberations throughout financial markets, with investors’ inflation expectations over the next decade rising to an eight-year high.
You do you, though!
Warren Buffet says the "significant inflation" as a result of a "RED HOT" economy.
Warren Buffett sees ‘significant’ inflation amid ‘red hot’ US recovery
Billionaire investor admits surprise at economic rebound as group reports $12bn quarterly profit
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https://www.ft.com/content/06220c54-43c6-4e77-8952-a65245011a99
“This has been a very unusual recession,” Buffett said. “Right now, business really is very good in a great many segments of the economy.” US household incomes rose by the most in recorded history in March as the country’s economic expansion accelerated, lifted by government stimulus and a healing labour market. That has sent reverberations throughout financial markets, with investors’ inflation expectations over the next decade rising to an eight-year high.
You do you, though!
Serious response: Smuckers natural peanut butter. It has no sugar. You have to stir it, but it's real peanut butter.I bought some Skippy the other day. It's just not the same.
I don't know about Peter Pan - I'll leave that to the leftists here to try.
Well just use the people on this board that support him as a cross section. Any more questions?
I'll try it, but the 'natural' peanut butter I've had in the past is pretty runny. I like the no sugar part.
Our policymakers remain fundamentally unserious about enhancing our trade and logistical competitiveness.
We need to prioritize strategic export and import goods & commodities by removing artificial barriers.
That's step 1.
It's a grind, but we will get there as a nation.
That's a deflection though. If you want to do all of those things, then you should be fine with higher costs.
Shutting down economies and printing trillions of dollars isn’t free markets at work.
You mean like...Trump's tariffs? Or the "Trucker Convoys" in Canada that were funded by right wing lunatics in the US, which shut down auto production on both sides of the US/Canada border?
How Trump’s Tariffs Really Affected the U.S. Job Market
carnegieendowment.org
"Donald Trump’s trade policies cost the United States 245,000 jobs. As a Reuters news report put it, the USCBC claimed that “a gradual scaling back of tariffs” could help stop the bleeding, while also arguing that a failure to do so would lead to even greater job losses and more sluggish growth."
How 'bout Trump's tariffs on US farmers?
"One of Trump’s first actions as president was to make good on a campaign pledge to withdraw the United States from the Trans-Pacific Partnership (TPP), a promising free-trade agreement with Pacific Rim nations signed in early 2016. No one would have gained more from the TPP than U.S. farmers and ranchers, who would have seen significantly improved access to the notoriously closed agricultural markets of Asian countries such as Japan. Following the same refrain, Trump then threatened to pact."
"When it comes to U.S. producers, however, the damage from Trump’s actions on these agreements pales next to the damage done by his tariffs and trade wars. In early 2018, Trump invoked highly dubious national security concerns in order to slap tariffs on steel and aluminum imports from virtually every country in the world, including long-standing allies. Predictably, the United States’ trading partners retaliated with their own tariffs, including on a number of U.S. agricultural products."
Trump’s Trade Wars Have Made Bad Agriculture Policies Worse
From suffering U.S. farmers to the pain inflicted on the developing world, everything about U.S. agriculture policy is dysfunctional. The next administration can do better.
foreignpolicy.com
This is a serious question; what is it with Republicans and facts? Whether it's the economy (trickle down economics...a proven failure), vaccinations against infectious diseases, guns. They are quite literally WRONG on every single issue.
MTIOTF is bitching about gas prices (which he wants pinned to the top of the board) when he clearly has no clue about what affects gas prices.
The 2020 election was stolen!!! (It wasn't)
It's like groupthink turned up to 11.
Nothing I stated was incorrect. Quit being a partisan hack.
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Every thief that has ever been caught always says the same thing. I didn't do it! I think you even have Hickory beat.You mean like...Trump's tariffs? Or the "Trucker Convoys" in Canada that were funded by right wing lunatics in the US, which shut down auto production on both sides of the US/Canada border?
How Trump’s Tariffs Really Affected the U.S. Job Market
"Donald Trump’s trade policies cost the United States 245,000 jobs. As a Reuters news report put it, the USCBC claimed that “a gradual scaling back of tariffs” could help stop the bleeding, while also arguing that a failure to do so would lead to even greater job losses and more sluggish growth."
How 'bout Trump's tariffs on US farmers?
"One of Trump’s first actions as president was to make good on a campaign pledge to withdraw the United States from the Trans-Pacific Partnership (TPP), a promising free-trade agreement with Pacific Rim nations signed in early 2016. No one would have gained more from the TPP than U.S. farmers and ranchers, who would have seen significantly improved access to the notoriously closed agricultural markets of Asian countries such as Japan. Following the same refrain, Trump then threatened to pact."
"When it comes to U.S. producers, however, the damage from Trump’s actions on these agreements pales next to the damage done by his tariffs and trade wars. In early 2018, Trump invoked highly dubious national security concerns in order to slap tariffs on steel and aluminum imports from virtually every country in the world, including long-standing allies. Predictably, the United States’ trading partners retaliated with their own tariffs, including on a number of U.S. agricultural products."
Trump’s Trade Wars Have Made Bad Agriculture Policies Worse
From suffering U.S. farmers to the pain inflicted on the developing world, everything about U.S. agriculture policy is dysfunctional. The next administration can do better.
This is a serious question; what is it with Republicans and facts? Whether it's the economy (trickle down economics...a proven failure), vaccinations against infectious diseases, guns. They are quite literally WRONG on every single issue.
MTIOTF is bitching about gas prices (which he wants pinned to the top of the board) when he clearly has no clue about what affects gas prices.
The 2020 election was stolen!!! (It wasn't)
It's like groupthink turned up to 11.
Calm down Jose.You mean like...Trump's tariffs? Or the "Trucker Convoys" in Canada that were funded by right wing lunatics in the US, which shut down auto production on both sides of the US/Canada border?
How Trump’s Tariffs Really Affected the U.S. Job Market
"Donald Trump’s trade policies cost the United States 245,000 jobs. As a Reuters news report put it, the USCBC claimed that “a gradual scaling back of tariffs” could help stop the bleeding, while also arguing that a failure to do so would lead to even greater job losses and more sluggish growth."
How 'bout Trump's tariffs on US farmers?
"One of Trump’s first actions as president was to make good on a campaign pledge to withdraw the United States from the Trans-Pacific Partnership (TPP), a promising free-trade agreement with Pacific Rim nations signed in early 2016. No one would have gained more from the TPP than U.S. farmers and ranchers, who would have seen significantly improved access to the notoriously closed agricultural markets of Asian countries such as Japan. Following the same refrain, Trump then threatened to pact."
"When it comes to U.S. producers, however, the damage from Trump’s actions on these agreements pales next to the damage done by his tariffs and trade wars. In early 2018, Trump invoked highly dubious national security concerns in order to slap tariffs on steel and aluminum imports from virtually every country in the world, including long-standing allies. Predictably, the United States’ trading partners retaliated with their own tariffs, including on a number of U.S. agricultural products."
Trump’s Trade Wars Have Made Bad Agriculture Policies Worse
From suffering U.S. farmers to the pain inflicted on the developing world, everything about U.S. agriculture policy is dysfunctional. The next administration can do better.
This is a serious question; what is it with Republicans and facts? Whether it's the economy (trickle down economics...a proven failure), vaccinations against infectious diseases, guns. They are quite literally WRONG on every single issue.
MTIOTF is bitching about gas prices (which he wants pinned to the top of the board) when he clearly has no clue about what affects gas prices.
The 2020 election was stolen!!! (It wasn't)
It's like groupthink turned up to 11.
What percentage of the infrastructure bill is earmarked for maritime?
We need to prioritize acquisition of trade infrastructure. It needs to be of top quality, it needs to allow for faster connectivity with the area of a port in which materials for export and import are stored.
We need to do this at a fast pace...not a government crawl.
I think Marv has previously discussed the fact that we are lagging.
Smithfield is owned by WH Foods, a de facto instrument of CCP policy worldwide.
The sale of Smithfield was cleared in 2013 by the Committee on Foreign Investment in the United States (CFIUS), this has to be one of the greatest failures of oversight by the Committee in its history.
China loves to keep energy costs out of the equation. Aluminum(metals)is highly subsidized. The literal choke people out. Including their own workers.
My Friday morning included a $150 fill up in my Ford diesel truck and a whopping $450 bill at the Paducah Sam's club. That grocery bill is for a family of three...
Very scary times right now for the American working man.
Very scary times right now for the American working man.
I spend 200ish weekly on a family of 4. That doesn’t include beer.
