HHusky
New Fish
Anyone who can remember the late 1960s through the early 1980s should be laughing at you, Junior. Yeah, a few months is transitory, Chrissey.
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Dems on Tariffs: Who has the dumbest take? Let’s go with that one!
- Thread starter EverettChris
- Start date
Few months
A few months
It got to 4% inflation in April 2021. Fed started to slowly increase rates in March 2022, when inflation was 8.5%. It peaked in July 2022 when the Fed finally got to the top of its rate climb. It took until April 2023 to get back to the April 2021 number.
Just a few months of transitory inflation though. Laughing my ass off a lot on this board lately.
Just a few months of transitory inflation though. Laughing my ass off a lot on this board lately.
HHusky
New Fish
Ten consecutive years those of us long removed from the kiddie table lived through. Annual inflation rate in right hand column. Fully half those years exceeded the annual inflation rate of 8% in 2022. They ALL exceeded the annual inflation rates of 4.7% in 2021 and 4.1% in 2023.
Yes, I did call a few months of single digit high inflation transitory. You girls getting hysterical about such short-lived inflation are giving off real snowflake vibes.
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A couple months
Now do the second longest stretch of inflation in US history.
Ten consecutive years those of us long removed from the kiddie table lived through. Annual inflation rate in right hand column. Fully half those years exceeded the annual inflation rate of 8% in 2022. They ALL exceeded the annual inflation rates of 4.7% in 2021 and 4.1% in 2023.
Yes, I did call a few months of single digit high inflation transitory. You girls getting hysterical about such short-lived inflation are giving off real snowflake vibes.
Listen to the expert
I almost feel bad for you and H. Not really though. You guys are hilarious.
Exactly. Yellen was a complete failure as a Treasury Secretary. She just did what the cabal that ran the dementia patient said. Printing money was not inflationary. Then it was just a little transitory problem. Then it was a real problem with middle class voters whose energy, costs, food costs, housing costs and clothing costs all skyrocketed far more than wages. Unlike under Trump pre-covid. Completely unaware of some very basic Econ 101 principles. Want less US private sector production - tax it, want more sloth - subsidize it.
HHusky
New Fish
"It would be hard to think of a more elegant way to reduce prosperity this fast," slammed [NYU Business Prof Scott] Galloway.
He specifically brought up Apple, explaining that people in China making iPhones earn $500 a month while designers at Apple make $200,000 a year. The kind of manufacturing that Trump wants to return to the U.S. isn't sustainable because people don't want to pay unaffordable prices for goods they were once able to obtain cheaply.
"We want to wear Nikes. We don't want to make them," he summed up. "We have outsourced low-wage jobs overseas such that we can create more profit, more investments and create higher wage jobs."
He specifically brought up Apple, explaining that people in China making iPhones earn $500 a month while designers at Apple make $200,000 a year. The kind of manufacturing that Trump wants to return to the U.S. isn't sustainable because people don't want to pay unaffordable prices for goods they were once able to obtain cheaply.
"We want to wear Nikes. We don't want to make them," he summed up. "We have outsourced low-wage jobs overseas such that we can create more profit, more investments and create higher wage jobs."
Then how did Nike build a huge business to move to Chyna?
I'll wait.
NYU business professor
Few months
Few months
Just pulled in a $230,000 PO from a new customer on the Alberta oil fields. Have to hire some temps to run two shifts on the plastic machines and a shitload of materials to make it.
Thanks Drumpf!
Thanks Drumpf!
Thanks for prooving my point. Same as always!
