Twilight Hue
Twilight, not bright nor dark, good nor bad.
Down for who?
It's certainly not me. Prices just shot up 3% further and no sign of stopping.
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US inflation rate at 8.3%, Dow Jones average drops over 1,200 points
- Thread starter Shaul
- Start date
It's certainly not me. Prices just shot up 3% further and no sign of stopping.
Twilight Hue
Twilight, not bright nor dark, good nor bad.
One excuse for inflation after another.
Twilight Hue
Twilight, not bright nor dark, good nor bad.
Midterms....
Altfish
Veteran Member
You mean, that as someone who lives in Europe I can't post 'facts'?
Twilight Hue
Twilight, not bright nor dark, good nor bad.
It would be nice if facts were posted.
I hear one excuse after another for inflation, not just Europe, but here in the states as well.
It's called passing the buck or blame.
It'd be nice to see solutions however.
Altfish
Veteran Member
Isn't it obvious when there are ultra-right wing governments, left wing governments and centrist governments that are all facing sky rocketing inflation at the moment that the reason is not government policy?
What do you think the reason is? A stolen election? A leaky wall? A box full of nuclear secrets?
One of the greatest reasons for not allowing any member of Congress to buy, sell, trade stocks while in office.
Well since you are complaining about inflation what would you do to stop it?
What a fantastically misleading chart. The change of the inflation rates doesn’t correlate to anything significant. Israel currently has an inflation rate of 5.2%. Which is far lower than the 8.3% in the U.S. or the 8.9% in the Euro bloc. In other words the inflation rate in Israel went from a very low rate to a still lower rate, but because both numbers are smaller than the counterpart numbers in other countries its change was bigger.The Fed is slamming on the breaks hard so that will change. And many other nations have it worse. There are many causes from the Ukraine-Russian war, China COVID lockdowns increases in the monkey supply and so forth.
I'm fully invested in TIPS and will put some cash into other inflation hedges but want the inflation rate down.
Got anything else?
If you believe that and think U.S. inflation should be brought down, then you should support measures to make the U.S. less interdependent on global markets. You can start by supporting U.S. energy independence (which we had under Trump) through full on domestic oil production. This would include allowing drilling and moving forward with pipelines. You should also support re-shoring of manufacturing. This would include semiconductor manufacturing, auto production, etc. You should also support disruptive actions such as aggressive conversion to electric vehicles until inflation is under control.
By the way, the total U.S. commitment to the Ukraine for fighting its war has been just over $15 billion. How did $15 billion in spending cause 8.3% inflation in an economy with a size of $25,000,000,000,000?
As I understand it there are many leases to drill, but no interest in drilling.
As for the pipeline its purpose is to pipe Canadian oil through the US for export to other countries. Outside of a few temporary jobs the US really does not benefit from the pipeline. Trumps' support was for the big oil companies.
Already in the works, INTEL building a 2nd plant for that purpose.
Twilight Hue
Twilight, not bright nor dark, good nor bad.
I'd stop printing money for starters.
Twilight Hue
Twilight, not bright nor dark, good nor bad.
The wanton destruction of people's businesses and livelihoods and supply chain problems and the following bailouts using the amazing fantastically stupendous endless money printing machine in a fiat economy.
Who didn't see that train wreck coming?
Oh.. the left.
Altfish
Veteran Member
You spend yourself out of a recession ... read your history books
Twilight Hue
Twilight, not bright nor dark, good nor bad.
Depends on who's doing the spending. Read up on fiscal responsibility.
Altfish
Veteran Member
Infrastructure = Good
Your understanding is sketchy. The Biden Administration has not allowed drilling in areas that actually have oil. Instead they offer leases on large areas that are known to not have oil. So they can misleadingly say “We’re allowing drilling.” Then pretending it is the fault of oil companies when they know it isn’t.
As for the pipeline it will produce many jobs, and permanent ones. Jobs at refineries with increased capacity and efficiency. And also jobs produced by lower fuel costs throughout the economy. Even more importantly it is better for the ecology. The simple fact is that using domestic supplies of oil produces less impact on the environment than using foreign oil. This isn’t about Trump.
It is about what is best for both the economy and the environment.
To ignore the increasingly disastrous effects of climate change is to move in the wrong direction. The resulting suffering, economic loss due to disasters and loss of our position as a technical leader would be terrible. We need to stop making the growing mess worse and we need to keep up with developments from fusion breakthroughs, breakthrough battery tech and so forth.
The deficit when up during Trump as it does every time a Republican becomes POTUS. Who reduces deficits/deficit growth: Democrats.
Twilight Hue
Twilight, not bright nor dark, good nor bad.
Funny how that goes back and forth like that.