I've been thinking the same thing about all this sky is falling on us stuff. The stock market folks sure don't seem to think so. Not to mention gas is cheaper around here than it's been in a long time.
While I agree with all that, we also have to consider other factors.
One of the interesting things in the video I shared is the psychology of inflation/wages.
I would argue the inflation hit not at the start of the pandemic but initially inflation began with the first 4 trillion hand out by Trump then it got worse with the inflation reduction act. Both parties are to blame for the mess we are in and raising interest rates not the handing out of money is what seems to have cooled it off. Trump has no solution and it wasn’t Bidenomics that has reduced the inflation. Any time trillions are handed out inflation will rise. It’s slowing because we hit everyone with high interest rates and all the free money that was handed out has been spent or funneled other places.
The interest rate hikes haven't affected my household whatsoever but they do have some very nice rates on CD's in my area and gas is lower than it's been in a LONG time. One bank around here has a 10 month CD with a 5.2 rate. Has nothing to do with the Fed rate hikes but that's a pretty good rate.
I am 50, so no. Just was thinking of a different Jim Jones, and didn't see how it relates.
You should know better than to come on here and act like BOTH parties are to blame for something... if you follow, you know nothing is both parties fault. It's US vs THEM in everything....
that's not true. I suspect most of us not on the lunatic fringe attribute inflation to both 'teams'.
Trumps 6 trillion dollar giveaway in DECEMBER after he lost to sleepy joe was a toughie.
The number would say the tariffs on china didn’t start the real inflation and the rate of inflation year over year was actually falling from 2018 to 2019 and 2019 into 2020 after the tariffs and then when the pandemic and lockdowns began. Here are the official US inflation numbers again supplied by the world bank. They give inflation for all countries who report it to them (US as well) so those numbers are apparently straight from our government from the world bank website (if we can trust these numbers but what else do we have)
Trump is responsible.
Educate yourself. 6 trillion dollars of gimmedats in December after he got smoked by sleepy joe is what triggered the massive inflation.
How long does it take for inflation to occur? 1 year from the action taking place? Two years? 10? Tariffs went in Jan 2018 and inflation went down for 2019 and 2020. First round of stimulus goes into effect 2020 and 2021 inflation goes way up. Seems pretty cut and dry to me and goes with most of history. When there is a big money package sent out to the people about a year later when the money begins satuatung the market inflation begins to rise. Trump at fault for signing first round and Biden did his part to keep it going by giving more handouts. Both parties out is in this path and to argue Trump tariffs started it does not agree with the numbers. Please provide some evidence contrary other than people who like Trump suck. I am not one of them and depending on what your talking about agree but I still use date and some actual information to decide if something is real or just a talking point.
I already said that. People were saying in this thread it was china tariffs and that’s what I was aroguing against. Keep up please. You are actually agreeing with a previous statement I already made.
Makes a good headline, but the truth is that under Trump the stock market went from 19,732 to 30,930 for an average increase of 14% per year,,,,,,Biden took office it was 30,930 and is now 37,090 for an average annual gain of less than 7%.
inflation coming down. Perhaps you shoulda worn some sunglasses so you could see.
