A 65 percent chance of recession; It is 'economic stupidity' to deny inflation's tru

Walt said:
Correct.

Huge numbers of trump voters dropped out of the workforce. They refuse to do jobs "beneath them", nor get the education/training to get the job they "deserve". Many are addicted to drugs, and having severe mental problems.

The Baby Boomers are retiring. Some stayed on for longer than they normally would, but they are seeing the pandemic as a sign it is time to retire and enjoy life... Or whatever. It is not all bad.
Click to expand...

Link, Walter, for those Trump voters...
 
Lionfish said:
Wally, you are correct. NOBODY has noticed prices on everything we touch have gone up, thousands of items are unavailable including basics like baby formula and tampoons, mortgage rates are skyrocketing, inflation is at a 40 year high, crime rate has soared, and everybody's pension and 401k's have lost 25% all since Brandon has been in office and Brandon's cabinet looks like the cantina scene from the Star Wars movie set.
I repeat myself, you are an idiot.
Click to expand...

There is no hope for Walter.

He actually posted this:

"We might actually be, but if so it must be such a minor recession that no one has really felt it."

Consider, if you will, he posted that "no one has really felt it."


"Last year, the average inflation cost per household rose from roughly $100 in April 2021, when the annual inflation rate first started accelerating, to over $380 in January 2022 when it hit 7.5 percent. Americans in the Mountain region—Utah, Colorado, Arizona, New Mexico, Montana, Idaho, and Wyoming—are experiencing the highest inflation rates with over $500 in added household costs in January. Alternatively, those in the East South Central region—Kentucky, Tennessee, Mississippi, and Alabama—are experiencing the lowest monthly inflation costs due to relatively lower inflation rates and average spending levels. Households in the remaining regions face ***monthly*** inflation costs ranging from $350 to $400 as of January 2022."
https://www.jec.senate.gov/public/i...tion-costing-you-it-depends-on-where-you-live

That's monthly increases.

I rest my case...Summary judgement...
 
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Biden's inflation is costing hard working Americans an increase of nearly 5,000 dollars a year.

Average American Income [2022]: Statistics On Household + ...
https://www.zippia.com › advice › average-american-in...
Apr 5, 2022 — The median income in the U.S. is $44,225.


That's an effective 11.3 % decrease in wages.
 
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Lionfish said:
Wally, you are correct. NOBODY has noticed prices on everything we touch have gone up, thousands of items are unavailable including basics like baby formula and tampoons, mortgage rates are skyrocketing, inflation is at a 40 year high, crime rate has soared, and everybody's pension and 401k's have lost 25% all since Brandon has been in office and Brandon's cabinet looks like the cantina scene from the Star Wars movie set.
I repeat myself, you are an idiot.
Click to expand...

Indeed!
 
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