Why didn't Trump give us $2 eggs and $1 gas on day 1? Wtf they're at all time highs. What a moron. Can't even fix egg and gas prices.
This is one of the main reasons for inflation - government spending. Same thing is the case in Germany/EU, just 10x worse.
When you pay more for Coffee due to trade wars - be sure to thank your fellow idiots who voted for Trump who promised the opposite
The Fed has known this for awhile. American voters were smarter than the blow hards deep throating Bidenomics. https://www.hoover.org/news/preside...technological-and-economic-trends-talk-hoover On the topic of COVID-era inflation, Daly explained that an entrenched mindset among some Fed governors caused them to fall behind the curve in responding to the spike in price levels. “We’d been fighting inflation from below our [2 percent] target for so long,” Daly said, referring to the pre-COVID period, “there was always a concern it would go below our target.” “Now,” post-COVID, “there was a concern that we are trying to keep inflation from exceeding our target.” She said that the members of the Federal Open Market Committee thought for too long that inflation was primarily caused by supply-chain bottlenecks and not by broader macroeconomic factors such as increases in the money supply or excessive government spending and borrowing. “We were slow as an institution to recognize that the supply shock that we thought was temporary was actually more persistent.” And as the committee members were waiting for correction in supply chains and output to return to pre-COVID levels in several goods-producing industries, demand rose instead. “The global supply network was something we all thought was quite durable and resilient and would rebound,” she said. “Demand came back with a vengeance. I am sure you all remember that you were probably part of it. We all went out and started doing things and buying things.” Making economic conditions even more inflationary was the fiscal stimulus still flowing to consumers in many advanced economies, even during the reopening period, which pushed aggregate demand even higher than it would have been without stimulus. WATCH THE VIDEO And no, it's not Greedflation or whatever tf that means https://www.frbsf.org/research-and-...e-markups-driving-ups-and-downs-of-inflation/ Are Markups Driving the Ups and Downs of Inflation? Using industry-level data, we show that markups did rise substantially in a few important sectors, such as motor vehicles and petroleum products. However, aggregate markups—the more relevant measure for overall inflation—have stayed essentially flat since the start of the recovery. As such, rising markups have not been a main driver of the recent surge and subsequent decline in inflation during the current recovery.
The Fed is admitting that the Covid STIMULUS did too good of a job simulating demand? Well sure.... we got better economic activity, better labor market, and higher employment at the cost of of higher inflation. Everything has a cost; likewise the opposite is true that we would have worse economic activity, worse labor market, and worse employment at the cost of lower inflation if we had little to no stimulus like other countries. I feel like you are just too ready to jump on Bideonomics when your articles are talking about Covid stimulus. It's a bit absurd to suggest because of higher government spending and borrowing costs we have higher grocery costs, caused Russia's global blackmail of energy and food via the Ukraine War, higher insurance costs due to natural disasters that destroyed thousands of homes and cars, persistent housing shortage, grocery stores shrinking the package size, etc.
@Invisible Fan i have lost track of whatever feud you have going on here but LOL at the Hoover institute takes!
I've lost track myself. I wouldn't post Hoover without a disclaimer if it didn't quote the SF Fed president.
you conveniently ignore that, during the past 4 years, Germany/EU economies have been stalling, w inflation rising. on the other end of the economic spectrum, the US economy has grown the most, generated the most jobs (by far), while inflation has dropped from just under 9% to the current 3 ish% altho Invisible would, via convenient parroting, characterize this downward trend in inflation as "the Fed is wrecking its balance sheet" yet another eg of Invisible being mixed-up and confused. just like, when the discussion was on discount rate cuts/pauses by the Fed, Invisible Fan, would parrot the false narrative that the Fed is wrecking its balance sheet, never mind that the continuum of the Fed balance sheets looks like this
This dude thought America was headed for a deep recession in 2022 bcz of our deficits lololol. Instead we got record GDP and low unemployment.
But your cult hero swore to us hed get inflation under control 1? Instead inflation is headed the opposite way Oil is higher, mortgage rates are higher, grocery prices are higher, and eggs are at record high. Yalls cult hero lied
Sure I did. I lived rent free in your head to save on living costs. Wahhh wahhh why are you following me around like a lost puppy??
Dude YOUR GUY SAID IT WOULD CHANGE ON DAY 1 Youre free to admit that trump is a con man and he said what he said cuz he knows his base are low iq morons? Can you admit this?
Actually our pricing market is a typically operating on a day by day basis. Especially with the price of gas. Food supplies... yeah that can be backlogged a few days to get from farm to market. Still he's been in office for 9 days now. Even if he acted on day 1, but there was a lag in delivery of supplies, it doesn't take 8 days to get from farm to market typically. He also did promise "on day 1" many many times. So either you are admitting he's a liar, or you don't understand how our supply system and the market works. Assuming that you just knew he was lying, and you are not an idiot, why are you okay voting for someone that is a liar?? What makes you think anything else he promised you can be delivered on??
Bcz he hates either trans people, minorities, or wants a tax cut. That's it. Those are the only 3 demographic that vote MAGA. You can group every trump supporter in either of these 3 categories.
