Page 20 of 20 FirstFirst ... 10181920
Results 571 to 583 of 583

Thread: CPI jumps 5% in May of 2021, fastest since 2008

  1. #571
    economy shrinks second quarter by about a percent as expected. so on avg through the first six months of the yr about a negative 1 1/4 .i'm not expecting jul to be better and think oct has potential to be worse.anyway try and find something to be happy with because you are in a recession and there is ten percent or more inflation , your dollar is worthless and will become more so ea day. i'm cooking out bratwurst for lunch today , cut back on the ribeyes and i'm still happy.
    Last edited by oyarde; 07-28-2022 at 09:22 AM.
    Do something Danke



  2. Remove this section of ads by registering.
  3. #572
    Quote Originally Posted by oyarde View Post
    economy shrinks second quarter by about a percent as expected. so on avg through the first six months of the yr about a negative 1 1/4 .i'm not expecting jul to be better and think oct has potential to be worse.anyway try and find something to be happy with because you are in a recession and there is ten percent or more inflation , your dollar is worthless and will become more so ea day. i'm cooking out bratwurst for lunch today , cut back on the ribeyes and i'm still happy.
    I've said this a million times so this'll be a million and one. We've probably applied the greatest amount of stimulus in the history of mankind over the last 12 years. 20 trillion in debt, 8 trillion in printed money, 5-7 trillion in trade deficits, 0% rates. We have to crash from all that stimulus, it's inevitable. And it's logical that the crash is proportional to the stimulus so hang on.

    My guess over the next couple months is that price inflation comes down a little and at the same time the economy is going to continue to slow and unemployment will start to pickup. At some point soon recession is going to be a bigger political problem than inflation and at that point the Fed is going to pivot to lower rates and more QE.
    Last edited by Madison320; 07-28-2022 at 03:04 PM.

  4. #573
    At this point I'm not expecting much improvement in inflation in July - Aug or GDP or GDP in Oct or Jan - March.
    Do something Danke

  5. #574
    Don't worry... The inflation-reduction-act-of-2022 will save the economy!!

    How can you possibly vote against something with a name like that?! Do you NOT want to reduce inflation?!! Are you NOT a patriot?
    "And now that the legislators and do-gooders have so futilely inflicted so many systems upon society, may they finally end where they should have begun: May they reject all systems, and try liberty; for liberty is an acknowledgment of faith in God and His works." - Bastiat

    "It is difficult to free fools from the chains they revere." - Voltaire

  6. #575
    Quote Originally Posted by CaptUSA View Post
    Don't worry... The inflation-reduction-act-of-2022 will save the economy!!

    How can you possibly vote against something with a name like that?! Do you NOT want to reduce inflation?!! Are you NOT a patriot?
    Fighting Inflation With Inflation - Razör Rants
    "No, dig UP, stupid!" - Da Gubment
    https://odysee.com/@RazorFist:1/figh...n-raz%C3%B6r:d

  7. #576
    "Only... Congress could spend twice the money they're going to save on saving it."
    "Stupidity got us into this mess. Why can't it get us out?"--Will Rogers

    "All I know is what I read in the newspapers, and that's an alibi for my ignorance."--Will Rogers



  8. Remove this section of ads by registering.
  9. #577
    Manchin a real loser . Voting for the 433 billion inflation act that provides nothing but pork to people making 300k and over to buy junk electric cars and to the IRS for more terrozing of the american citizen and more inflation. Disgraceful.
    Do something Danke

  10. #578
    Looks like the new dem bill raises my taxes between 1.1 and 3.1 percent next yr depending on if I turn in 10K or30k in income . Thats those dems always looking out for you . The new 15 percent mnimum corporate tax will push future jobs further overseas also along with a 25 billion oil tax to raise gas prices for the poor. Great job dumb $#@!s.
    Last edited by oyarde; 08-01-2022 at 11:30 AM.
    Do something Danke

  11. #579
    New dem bill will give IRS 80 billion over ten years and add 87k irs agents which I think will bring the amount of annual ahdits to 2 million from the current 600 to 700k audits. All of this coming when you cannot even contact the IRS. I also project these expenditures to bring in zero cash . If it does raise any monies it will come from the low class suffering under inflation from this same govt. and it will not pay for this expansion. Current bill also expected to result in net loss of 30K private sector jobs further reduciing revenues. The destruction of america continues under dem house.
    Last edited by oyarde; 08-03-2022 at 11:18 AM.
    Do something Danke

  12. #580
    Quote Originally Posted by oyarde View Post
    New dem bill will give IRS 80 billion over ten years and add 87k irs agents which I think will bring the amount of annual ahdits to 2 million from the current 600 to 700k audits. All of this coming when you cannot even contact the IRS. I also project these expenditures to bring in zero cash . If it does raise any monies it will come from the low class suffering under inflation from this same govt. and it will not pay for this expansion. Current bill also expected to result in net loss of 30K private sector jobs further reduciing revenues. The destruction of america continues under dem house.

    It's been real quiet the two months or so. I have a feeling something is going to break soon. Our economy is addicted to stimulus and can't go without for very long.

    Watch the federal debt. I think that's going to start to spike. When there's a recession the debt usually start to ramp up. Less tax revenue from income and more spending from unemployment, etc.
    Last edited by Madison320; 08-07-2022 at 10:43 AM.

  13. #581
    In two days and three weeks we'll be starting our 9th month of stagflation. Thats lots of inflation and no growth for anyone who hasnt seen it before . Glad I'm done Christmas shopping
    Do something Danke

  14. #582
    New number is 8 1/2 with groceries up over another percent as last month. According to labor dept in past yr electricity up over 15 percent. I would expect food to continue to rise .
    Do something Danke

  15. #583
    Pelaton ( PTON , bike & tread machhines) will be raising prices , outsourcing , laying off 800 workers in sweeping overhaul that will also close many retail show rooms in the future. Tis will be te third set of layoffs tis yr. Closing 16 North American warehouses and stopping delivery vans and drivers being employed by the company while axing half of customer support .
    Do something Danke

Page 20 of 20 FirstFirst ... 10181920


Similar Threads

  1. FORD GT. Fastest American sports car.
    By JK/SEA in forum Open Discussion
    Replies: 5
    Last Post: 05-12-2017, 01:57 PM
  2. Rushwallet - Fastest and safest wallet.
    By AndrewB in forum Bitcoin / Cryptocurrencies
    Replies: 1
    Last Post: 08-12-2014, 08:05 AM
  3. Japan Fastest Growth in 2 Years: Why?
    By ItsTime in forum Economy & Markets
    Replies: 14
    Last Post: 11-16-2009, 02:19 PM
  4. LoL existignhome sales fastest in 2 years
    By NewEnd in forum Economy & Markets
    Replies: 4
    Last Post: 08-21-2009, 10:01 AM
  5. Fastest Gunman Ever
    By ryanduff in forum Second Amendment
    Replies: 24
    Last Post: 02-11-2009, 05:36 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •