Inflation falls for eighth consecutive month

PostmodernProphet said:
inflation is still worse than it has been since Jimmy Carter........don't pretend it isn't still a problem......this is just like when you idiots claim the federal deficit is going down when it isn't as atrociously high as it was the previous year.......
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30 months ago, you and your hero Trump weren't warning that peanut butter would cost more.

30 months ago, Trumpf practically guaranteed that if Biden were elected there would be an unprecedented apocalyptic economic depression.
 
Inflation falling for the eight straight month is a hysterical title. That is like me saying I will just hit you in the face 6 times instead of 8 times. Inflation is still WAY TO HIGH. Inflation was 1.4% when Biden took office and it is still more than 4 times that rate now. Now we have the collapse of the 2nd and 3rd largest banks to collapse in history and there is a 3rd bank on life support.
 
Cypress said:
30 months ago, you and your hero Trump weren't warning that peanut butter would cost more.

30 months ago, Trumpf practically guaranteed that if Biden were elected there would be an unprecedented apocalyptic economic depression.
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It takes a while for banks to start failing. Oh wait......banks are starting to fail.... And eggs went from $1.25 a dozen to $6.00 a dozen. Biden still has 2 years to fully fulfill Trump's prediction.
 
Cypress said:
30 months ago, you and your hero Trump weren't warning that peanut butter would cost more.

30 months ago, Trumpf practically guaranteed that if Biden were elected there would be an unprecedented apocalyptic economic depression.
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and 30 months ago inflation was under 1.5%......you contradict yourself in your own post......Trump did in fact warne that if you mindess fucks elected Biden it would be bad for the economy.......it has been.....
 
Cypress said:
Caused by Trump's deregulation of banks in 2018.

Banks, as in plural. Can you give this list of banks that failed?
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Banks.....
Credit rating agency Moody’s has recently downgraded its outlook on the entire United States banking system from “stable” to “negative.” The move comes in light of the recent failures of Silicon Valley Bank, Silvergate Bank and Signature Bank, which has prompted regulators to intervene with a rescue plan for impacted depositors and institutions.
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https://cointelegraph.com/news/us-banking-system-outlook-downgraded-to-negative-following-recent-bank-failures
 
PostmodernProphet said:
and 30 months ago inflation was under 1.5%......you contradict yourself in your own post......Trump did in fact warne that if you mindess fucks elected Biden it would be bad for the economy.......it has been.....
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So your claim is that Trump's guarantee of an apocalyptic and unprecedented economic depression has come true.

Maybe you should lay off the crack cocaine.
 
Cypress said:
So your claim is that Trump's guarantee of an apocalyptic and unprecedented economic depression has come true.

Maybe you should lay off the crack cocaine.
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it's not our fault you've painted yourself into a corner where you have to pretend a terrible economy is secretly good......
 
Cypress said:
Caused by Trump's deregulation of banks in 2018.

Banks, as in plural. Can you give this list of banks that failed?
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SVB and Signature and Silvegate bank

Nope the problem is the rapid rise in interest rates . The banks had too much money invested in in low interest earning bonds and had to sell them at a loss. The bank had a $1.9 billion loss as a result. That caused a bank run that caused the bank to collapse.


As SVB’s name suggests, the bank’s business focused heavily on US technology startups. During the COVID-19 pandemic, the lender saw a surge in deposits as tech companies profited from providing entertainment and delivery services to people confined to their homes.

SVB invested much of this cash in US government bonds — traditionally one of the safest types of investment.

SVB’s troubles began when the US Federal Reserve started raising interest rates last year in response to soaring inflation, causing the value of those bonds to fall.
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https://www.aljazeera.com/economy/2...lley-bank-fail-and-is-a-financial-crisis-next
 
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Cypress said:
So your claim is that Trump's guarantee of an apocalyptic and unprecedented economic depression has come true.

Maybe you should lay off the crack cocaine.
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Biden still has two years to finish the job. Never underestimate Joe's ability to fuck things up.
 
PostmodernProphet said:
I remember Reagan......he's the guy who inherited Carter's inflation and stopped it.......nice try but your ignorance is transparent....
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The 1970's inflation was started by Nixon and his compliant Fed Chairman, Burns, ginned up the economy to get Nixon reelected. It caused high inflation that lasted for almost a decade. Carter's appointee to the Fed, Volcker, gave the economy a huge amount of pain, but stopped inflation. Many point to that economic pain as the reason Carter did not win reelection.

You admit your first post claiming that the last time inflation was this high, Carter was President was completely wrong. Now admit that the inflation started with Nixon, and ended with Carter's appointee.
 
PostmodernProphet said:
Trump didn't have to.......he didn't cause any inflation during HIS presidency.....
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The stimulus bills when trump was president, along with the pandemic while he was president did cause about three quarters of our inflation. In other words, trump caused more of the inflation than Biden did.
 
Walt said:
The 1970's inflation was started by Nixon and his compliant Fed Chairman, Burns, ginned up the economy to get Nixon reelected. It caused high inflation that lasted for almost a decade. Carter's appointee to the Fed, Volcker, gave the economy a huge amount of pain, but stopped inflation. Many point to that economic pain as the reason Carter did not win reelection.

You admit your first post claiming that the last time inflation was this high, Carter was President was completely wrong. Now admit that the inflation started with Nixon, and ended with Carter's appointee.
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double digit interest rates and inflation was all Carter jackass, your lies are tiresome and boring
 
Walt said:
The 1970's inflation was started by Nixon and his compliant Fed Chairman, Burns, ginned up the economy to get Nixon reelected. It caused high inflation that lasted for almost a decade. Carter's appointee to the Fed, Volcker, gave the economy a huge amount of pain, but stopped inflation. Many point to that economic pain as the reason Carter did not win reelection.

You admit your first post claiming that the last time inflation was this high, Carter was President was completely wrong. Now admit that the inflation started with Nixon, and ended with Carter's appointee.
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Why admit something that is false? The seeds for the 70's inflation were planted in the '60's and Fed Chairman Bill Martin acknowledged the Fed's failures under his watch, especially from '65 to '70.
 
Walt said:
The 1970's inflation was started by Nixon and his compliant Fed Chairman, Burns, ginned up the economy to get Nixon reelected. It caused high inflation that lasted for almost a decade. Carter's appointee to the Fed, Volcker, gave the economy a huge amount of pain, but stopped inflation. Many point to that economic pain as the reason Carter did not win reelection.

You admit your first post claiming that the last time inflation was this high, Carter was President was completely wrong. Now admit that the inflation started with Nixon, and ended with Carter's appointee.
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as usual, you are wrong about absolutely everything you say.....
 
Stringfellow Hawk said:
double digit interest rates and inflation was all Carter jackass, your lies are tiresome and boring
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How did Carter start double digit inflation in 1974, when he was not President until 1977? How would the then Governor of Georgia cause double digit inflation?

https://www.usinflationcalculator.com/inflation/historical-inflation-rates/

String seriously adds nothing to the debate. He makes up random lies, which are debunked, but cannot add anything to a serious debate.
 
Walt said:
The stimulus bills when trump was president, along with the pandemic while he was president did cause about three quarters of our inflation. In other words, trump caused more of the inflation than Biden did.
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lol......Biden caused all of it, silly cunt......
 
cawacko said:
Why admit something that is false? The seeds for the 70's inflation were planted in the '60's and Fed Chairman Bill Martin acknowledged the Fed's failures under his watch, especially from '65 to '70.
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So you say that the inflation was caused by actions four years previous? I wonder who was president four years previous to now?
 
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