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What have we done different in forty years. Trump appointed Powell to the fed, and Powell lowered interest rates during a booming economy, straying from what we’ve done for forty years, creating the inflation we have today. Conservatives complaining about inflation just have trump buyers remorse.
"I did that!" – Joe Biden
What is scary is the sheeple keep bleating then vote for the same thing OVER and OVER again
Hahaha LETS GO BRANDON !!!!!!!!
Wow, 9.1%. You have to wonder who/what will Biden blame now? The Pope? He just about blamed everyone and everything prior; Mr . Pope is all that's left. JMO
Everytime when people elect an idiot for president this happens, before Carter was the worst president now the crown goes to Biden in just 18 months he destroyed the economy.
If you voted for Biden and the Democrats, I don't want to hear you complaining, you did this we told you he would bugger the economy. I don't want to hear you whining that you have to choose between filling your car or feeding your kids. Wait until you see what happens in the fall and the crops come in
Yeah this is getting kinda worrisome… I am a avg maybe lower income seeing these numbers is freaky… Why would I labor if inflation continues at 9.1 yoy…
Open the pipeline and roll back restrictions – people will die from lack of heat this winter. Homelessness will be on the rise and people will starve to death. We are going backward – breadlines, crime, drug overdoses are all reaching a peak. This administration is a complete failure.
Us lies about proxy war and now fooling their own people.
Thank Joe for this one. Seniors, social security recipients are sunk. And the food banks are almost empty. This inflation rate has grown way too rapidly. It takes an idiot to cause something like this. It is all unnecessary. Every bit of it.
”Car Repos are EXPLODING” – Barrons
Global Financial Crisis on the way.
Let's go Brandon!
The Prophet sallallaahu 'alaihi wassallam once said, "You will be in peace with the Rum, then you and they will fight an enemy. And you will get victory and the spoils of war safely.
Then you set out until you come to a broad and hilly meadow. So a man from the Rum (crusader) raised the sign of the cross and said, 'The cross has triumphed.'
( Hadith Ahmad , ibn majah)
For you leftist woke don't follow path of Hillary Clinton who antagonist putin….do you see that's putin tackle her in presidency election and she becoming a hystorical losser?..if putin still president of Russia …note this….he's a genius …he already prepared Russian economy for 20 years to this situation…. instead Russia becoming industrial like china…putin make Russia energy giant, food giant and metallurgy giant vital for supply chain and impossible to cut russia for global market
And he even able to assimilate his Muslim citizen into loyal to him…and even embrace Al Qaeda & Iran IRGC …it's not coincidence that's putin plotting in 9/11 with his Al Qaeda Ally…he already success to make America busy with war on terror making them forget china development and his greater Russia agenda…look how miserable american can get with war on middle East…spend almost 4 trilion dollar, 10 thousand soldier & civil contractor died….but american forget to industrialized his country…lack of investment in energy, infrastructure, renewable energy…all of them controlled by Russia+ OPEC & china🤦🤦
I can't wait for 10 trillion dollar bank notes, Biden is over-delivering! He never said he would make everyone a billionaire, and here we are.
Let’s go Brandon!!
In Today’s era of volatility, there is no other way but to re-invent. the only sustainable advantage you can have over others is agility, that’s it. Because nothing else is sustainable, everything else you create, somebody else will replicate
I bet inflation is not affecting the illegally gotten gains of the Joe Biden or Nancy Pelosi crime families. Just us middle class and low income folk. And the worst thing about it is the Democrats don't give a DAMN. Even with the real prospect of being voted out of office.
Im sorry, i thought that inflation was just made up according to the democrats. I know, have the federal reserve print up a 3 Trillion dollar stimulus, and lower gas and grocery prices! It will cost us nothing right????
Feds need to increase interest rates two more points to calm this show down.
inflation is a pay cut for everyone.
😨US money-printing policy is source of global financial distress
There are clearer signs now that persistently high inflation linger in large swaths of the world and may stretch to the end of this year or even longer, eroding the living standards of billions of middle and low-income families. People often fret and agonize over the surging prices of many commodities, groceries and services, but they seldom seek answers as to what causes the hefty price rises.
In most cases, inflation is self-correcting, meaning price swings in one segment, such as crude oil or grain, won't spill over to impact other sectors and form broader inflation trends.
But the current round of global inflation is something different – it started in the US in the first half of 2021, triggered by the Biden administration's profligate $1.7 trillion fiscal spending plan, aggravated by the Federal Reserve's quantitative easing monetary policy, and being brought to and infected the world's other economies via the dollar-dominated global trade and financial settlement regime.
Food up 1%? Holy smokes. Try 30%. Do they take into account when they keep the price the same but drop the size by 20%?
Wouldn't it be something if every American owned energy stocks and had a great big garden. All this talk about inflation seems kind of silly to me.
My Take is many Corporations and related Huge Conglomerates are networking with the GOP-Faux News nexus for more reasons to Blame everything on Biden and the Democrats … as a political strategy … for their ongoing tax cuts at the top. … IMO: Looks like age old Divide and Conquer Tactics !!! The big power players have too much Monopoly Power. I think we need to apply antitrust ideas to bust monopolies up for a return to competition on even playing fields.
This is why you should never order your president through the mail.
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will be 15% ;]
More January 6 hearings . Need a deflection
No matter how hard they try. No matter how many celebrities lecture. No one can genuinely deny Biden is a failure economically. Everyone knows it.
Please I need someone to help me trade or invest the forex or crypto market because I'm tired of trading in losses myself. I've blown my account twice and it's frustrating.
Biden did it ! He is "fantastic!"
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Joe Biden economy thank you Joe screwed it up again
Biden administration surely knows how to destroy a country and its economy.
Despite the huge drop in crypto and fx, I still make good withdrawals. I don't believe that profit making is not possible despite the drop in stocks when you got good mentorship
Doesnt affect me…..I just raise the rent on my tenants 10% and Im good. No excuses. If inflation is too high, get a part time job.
These TV people must be so rich they have someone go to the grocery store for them. Because anyone that goes to the Walmart to buy groceries knows inflation is up 20 to 36% from a year ago.
How can they say food has only gone up 1% when food prices compared to a year ago, are double, sometimes triple what I was paying then? No exaggerations here, I can only afford bread and water now…
This time US infaltion is not because of overproduction and overconsumption BUT because of inadequate supply , high energy price , and high transportation cost .
So increase interest rate alone will have no effect on controlling inflation !