Debt servicing increasing sharply. Ruh Roh...

Althea said:
This inflation is not your father's inflation.
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But the increased spending by Trump and Biden created excessive demand coupled with the decreased production during the pandemic--pretty standard supply and demand problem. Plus, other factors such as the war, sanctions, avian flu.................
 
Flash said:
But the increased spending by Trump and Biden created excessive demand coupled with the decreased production during the pandemic--pretty standard supply and demand problem. Plus, other factors such as the war, sanctions, avian flu.................
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This isn't your father's inflation.
 
PostmodernProphet said:
we've been over this several times but for our readers sake here it is again.....
https://www.thebalancemoney.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287
2017 $.672T
2018 $1.2T
2019 $1.2 T
2020 $5T

Biden has added $4T in his first two years, compared to Trump being under $2T for his first two years......
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Your debt for trump totals almost 8 trillion, even more than I thought. As to $4 trillion for Biden, you are just full of shit.
 
Flash said:
It is still the basic economic supply and demand inflation which most economists clearly saw coming.
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Yet, you cited 'other factors'. The war being a big one due to interruptions in certain grain, but mostly fuel.

Our supply chain is dependent upon China, which we were warned about by Ross Perot. When China shut down, it exposed the flaws in our economic model.

But trump's trade wars created inflation before his eponymous virus ravaged the nation. It hiked the prices of all appliances, and created shortages as well. All products reliant on steel were affected. It just took a little time for all of the damage to come to fruition due to products already in the supply chain.

However...all of the issues that normally contribute to inflation are being exacerbated by price gouging from corporations, and Wall St. w/respect to oil production. This is not just a product of overspending by consumers because they were given a handout. This is also due to artificial shortages created by corporations. And the scams being perpetrated at the ports in both the U.S and China.

It's not boilerplate.
 
Althea said:
Yet, you cited 'other factors'. The war being a big one due to interruptions in certain grain, but mostly fuel.

Our supply chain is dependent upon China, which we were warned about by Ross Perot. When China shut down, it exposed the flaws in our economic model.

But trump's trade wars created inflation before his eponymous virus ravaged the nation. It hiked the prices of all appliances, and created shortages as well. All products reliant on steel were affected. It just took a little time for all of the damage to come to fruition due to products already in the supply chain.

However...all of the issues that normally contribute to inflation are being exacerbated by price gouging from corporations, and Wall St. w/respect to oil production. This is not just a product of overspending by consumers because they were given a handout. This is also due to artificial shortages created by corporations. And the scams being perpetrated at the ports in both the U.S and China.

It's not boilerplate.
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What is your source for this "artificial shortage"?

The war, supply chain, trade wars, etc. still boils down to supply and demand issues just like my father's inflation.
 
Flash said:
What is your source for this "artificial shortage"?

The war, supply chain, trade wars, etc. still boils down to supply and demand issues just like my father's inflation.
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Correct. But the reasons for price increases are false or fabricated. Some people post here about paying enormous amounts for food, when I'm getting various meat products cheaper than I ever have. Corporations are making record profits, and have been for decades. To continue to reap higher profits during 'inflation' is just making the problems worse. trump created supply chain issues with his tariffs. Companies cited tariffs as a reason the hike prices even higher.

Some things are just like the past. Except that now, American oil companies are holding U.S citizens hostage the way OPEC used to. So fuel is a big contributor to inflation, but we have other claims by corporations that are just lies. When the war started, oil prices spiked due to nothing other than Wall St. investors. You were the one who correctly noted that prices would drop despite S. Arabia announcing a production cut just before the election. You stated a glut of oil with a decrease in demand.

Yet...prices did indeed spike despite a lack of demand. Eventually, the market caught up with pricing, but what did that higher cost of fuel do to prices of all goods that rely on transportation?

We had a massive hike in prices of shipping containers, coupled with said containers floating around offshore for no apparent reason. There was plenty of 'supply'. It just wasn't making it to the market.

Corporations have always been greedy, and raped the consumer at will with fabricated shortages. For many decades now.

But THIS inflation comes on the heels of a shutdown across the world that has never been seen before. Blaming govt. stimulus and people binge buying shit at Amazon attempts to simplify the inflation picture in this nation.
 
floridafan said:
The government does not work on a calendar year, so any numbers for 2022 are not available, just guess work. So fuck off, idiot.
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the government reports debt levels based on the budgetary year........the 2023 budget went into effect on October 1, 2022......remember the extension that kept the government running without a budget until 12/31/22?......
 
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Althea said:
Correct. But the reasons for price increases are false or fabricated. Some people post here about paying enormous amounts for food, when I'm getting various meat products cheaper than I ever have. Corporations are making record profits, and have been for decades. To continue to reap higher profits during 'inflation' is just making the problems worse. trump created supply chain issues with his tariffs. Companies cited tariffs as a reason the hike prices even higher.

Some things are just like the past. Except that now, American oil companies are holding U.S citizens hostage the way OPEC used to. So fuel is a big contributor to inflation, but we have other claims by corporations that are just lies. When the war started, oil prices spiked due to nothing other than Wall St. investors. You were the one who correctly noted that prices would drop despite S. Arabia announcing a production cut just before the election. You stated a glut of oil with a decrease in demand.

Yet...prices did indeed spike despite a lack of demand. Eventually, the market caught up with pricing, but what did that higher cost of fuel do to prices of all goods that rely on transportation?

We had a massive hike in prices of shipping containers, coupled with said containers floating around offshore for no apparent reason. There was plenty of 'supply'. It just wasn't making it to the market.

Corporations have always been greedy, and raped the consumer at will with fabricated shortages. For many decades now.

But THIS inflation comes on the heels of a shutdown across the world that has never been seen before. Blaming govt. stimulus and people binge buying shit at Amazon attempts to simplify the inflation picture in this nation.
Click to expand...

I think this is an exaggeration and is just an anti-capitalist and anti-corporation explanation.

https://www.npr.org/2022/11/15/1136...-record-profits-is-it-thanks-to-price-gouging
 
Althea said:
What is? the PBS piece you linked?
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The claim that inflation is manufactured. If corporations could manipulate the prices to make more profit, they would be doing it all the time. The PBS piece showed why prices increase.
 
Flash said:
The claim that inflation is manufactured. If corporations could manipulate the prices to make more profit, they would be doing it all the time. The PBS piece showed why prices increase.
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Actually it agreed with me, and also confirmed that they DO indeed manipulate prices for profit all the time.

Which is the American way. Doing it when so many people are suffering is the issue.

My point about 'not your father's inflation' was more about the entire world shutting down for almost a year.

That's unprecedented, and began supply chain issues. Add to that what you already mentioned about the war, etc..
 
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