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Message
re: Powell no longer believes inflation will reduce
Posted on 5/14/24 at 10:26 am to RaoulDuke504
Posted on 5/14/24 at 10:26 am to RaoulDuke504
The fact that it was ever higher than 0 shows that she shouldn't have the job.
2
Posted on 5/14/24 at 10:28 am to ronricks
quote:
The inflation we have experienced the last 3 years is BOTH Biden and Trump's fault. One started it the other kept the fire going.
QE beginning in 2009 and used to prop up the economy of a Muslim Marxist president, says, "HELLO".
Joey has had us in STAGFLATION for a while. Go ahead, look it up and say it ain't so.
quote:
Despite the Biden government’s claims to the contrary, corporate price-gouging has not been driving rises in U.S. inflation, according to research published by the Federal Reserve Bank of San Francisco on Monday. The Biden regime has attempted to blame inflation on corporate America by deploying terms like ‘greedflation’ and ‘shrinkflation.’
Joey Loves to Lie!!
This post was edited on 5/14/24 at 10:55 am
Posted on 5/14/24 at 10:30 am to RaoulDuke504
. We are lucky to have these uniquely wise and brilliant financial ubermensch controlling our money supply.
Posted on 5/14/24 at 10:31 am to Timeoday
QE doesn't prop up anything. Congressional spending does. Our domestic economy has basically been issuing debt and pulling forward demand for the past 15 years.
Posted on 5/14/24 at 10:32 am to RaoulDuke504
quote:
I make 75k a year and still struggle with no kids.you need to make 100k to be middle class now
150k if you have a kid.
Posted on 5/14/24 at 10:37 am to RaoulDuke504
"Yes things are more expensive but you have money to spend."
Joe
Joe
Posted on 5/14/24 at 10:38 am to RaoulDuke504
The new target will be 3%
2% will never happen again
2% will never happen again
Posted on 5/14/24 at 10:38 am to RaoulDuke504
quote:
I make 75k a year and still struggle with no kids.you need to make 100k to be middle class now
I can tell you that $100k doesn’t really cut it either.
Posted on 5/14/24 at 10:40 am to BearCrocs
If im thinking averages of someone who loves alone and owns a 200k home:
1350-1850/mth
200-400/mth
500-800/mth
24k-36k/yr on the most basic necessities
After taxes are taken out of 50k, you are on a pretty thin margin to do anything other than eat/sleep/work
quote:
Rent/Mortgage
1350-1850/mth
quote:
Car Payment
200-400/mth
quote:
Groceries
500-800/mth
24k-36k/yr on the most basic necessities
After taxes are taken out of 50k, you are on a pretty thin margin to do anything other than eat/sleep/work
Posted on 5/14/24 at 10:43 am to scottydoesntknow
quote:
1350-1850/mth quote:Car Payment 200-400/mth quote:Groceries 500-800/mth 24k-36k/yr on the most basic necessities After taxes are taken out of 50k, you are on a pretty thin margin to do anything other than eat/sleep/work
This is exactly my situation
Posted on 5/14/24 at 10:43 am to scottydoesntknow
quote:
you are on a pretty thin margin to do anything other than eat/sleep/work
So please tell me why the average Joe citizen is still spending and traveling like they are fine?
Posted on 5/14/24 at 10:44 am to TDsngumbo
quote:
Joe Biden is gonna have a hard time coming up with an incoherent argument as to why this is Trump’s fault.
Joe Biden NEVER has a hard time coming up with an incoherent argument.
Posted on 5/14/24 at 10:44 am to Revelator
quote:
Americans now owe a collective $1.13 trillion on their credit cards, according to a new report on household debt from the Federal Reserve Bank of New York. Credit card balances increased by $50 billion, or roughly 5%, in the fourth quarter of 2023, the New York Fed found.
LINK
Posted on 5/14/24 at 10:46 am to Revelator
quote:
So please tell me why the average Joe citizen is still spending and traveling like they are fine?
Loading Twitter/X Embed...
If tweet fails to load, click here.Posted on 5/14/24 at 10:47 am to RaoulDuke504
Everyone enjoy their "stimmy?"
Posted on 5/14/24 at 10:48 am to RaoulDuke504
Biden's stagflation, "I did that!" :)
Posted on 5/14/24 at 10:50 am to RaoulDuke504
Why should it ?
6% would be what everyone should plan for.
Only problem is I don’t see wages moving at all.
6% would be what everyone should plan for.
Only problem is I don’t see wages moving at all.
Posted on 5/14/24 at 10:50 am to ronricks
quote:
The inflation we have experienced the last 3 years is BOTH Biden and Trump's fault. One started it the other kept the fire going.
Laying all the blame on covid spending on Trump truly is some epic revisionist history. If one believes Biden truly won(which I believe youve put yourself in that camp) than you should remember his campaign basically being that Trump didnt do enough to protect people and wasnt going to do enough in the future to protect the people from Covid.
Every GOP "conservative" out there was all in on pressuring Trump to shut down the country while he was resisting it...and now we blame it all on him.
Its disingenuous to say "Trump inflation" when Trump was wrangled into supporting every huge spending bill by the GOP and post lockdowns support people who had their jobs taken from them.
Posted on 5/14/24 at 10:50 am to CreoleTigerEsq
quote:
Why either of these guys is a choice for President blows my mind.
You know that movie "Idiocracy"?
Posted on 5/14/24 at 10:52 am to OysterPoBoy
I make good money and we are fine, but there is no ignoring how little $100 now gets you at the grocery store. Money that I used to save and invest is going to paying for daily expenses.
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