(08-10-2022 09:38 AM)Kruciff Wrote:  I alluded to this yesterday, but the wins keep coming for Biden. Nice to see. Can't wait to see the new numbers when the inflation act has a chance to make a real impact.

You call this a win?

I guess you think gas only being 2 dollars higher is a win too

Bwahahahahaha

(08-10-2022 09:39 AM)Redwingtom Wrote:  

(08-10-2022 09:37 AM)oruvoice Wrote:  Did you really just start a thread touting a tiny decrease in inflation? LMFAO!!!

No, clown show, I just started a thread that provided factual information. I know, a rarity around here.

And the fact is people are still paying about $2200 per year more for gasoline than when Trump left office, and the only reason it isnt $3000 more per year is because Biden* has put this country into a recession.

(08-10-2022 09:38 AM)Kruciff Wrote:  I alluded to this yesterday, but the wins keep coming for Biden. Nice to see. Can't wait to see the new numbers when the inflation act has a chance to make a real impact.

Obviously, you haven't been paying attention lately. It is no longer Called the "Inflation Reduction Act" now that it passed. Get ready for your audit if you actually have a job and earn income. And it will be done by a citizen from a country in Asia.

(08-10-2022 09:44 AM)UofMstateU Wrote:  

(08-10-2022 09:39 AM)Redwingtom Wrote:  

(08-10-2022 09:37 AM)oruvoice Wrote:  Did you really just start a thread touting a tiny decrease in inflation? LMFAO!!!

No, clown show, I just started a thread that provided factual information. I know, a rarity around here.

And the fact is people are still paying about $2200 per year more for gasoline than when Trump left office, and the only reason it isnt $3000 more per year is because Biden* has put this country into a recession.

But the wins keep on coming

(08-10-2022 09:43 AM)shere khan Wrote:  

(08-10-2022 09:38 AM)Kruciff Wrote:  I alluded to this yesterday, but the wins keep coming for Biden. Nice to see. Can't wait to see the new numbers when the inflation act has a chance to make a real impact.

You call this a win?

I guess you think gas only being 2 dollars higher is a win too

Bwahahahahaha

F_cking nutz. I wonder how many had their salary increased 23% in the last 7 months due to nevermind. A lot I know are hurting now or will be shortly and these nutz are cheering it on. Great recession gon turn into a lot needing $ in next 10-20 years due to current life style.

Hey let's go ahead and cheer printing another .43 trillion as well some of which will be to further audit regulars and maybe a few richies. Fack it send more to the Uks. We can test our weapons while they get slaughterd. Absolute losers

(08-10-2022 09:38 AM)Kruciff Wrote:  I alluded to this yesterday, but the wins keep coming for Biden. Nice to see. Can't wait to see the new numbers when the inflation act has a chance to make a real impact.

Please explain, using logic, how this is a win for Biden. Inflation is still at historic highs. I fail to see how this is a win, unless it's just being spun for political purposes. Then, only those less educated would actually believe it.

(08-10-2022 09:08 AM)Captain Bearcat Wrote:  8.5% is the annual inflation over the past 12 months. But fascinatingly, the monthly inflation rate was 0% in July.

Here is the month-by-month inflation report directly from the Bureau of Labor Statistics:

https://www.bls.gov/news.release/pdf/cpi.pdf

Monthly inflation rate, by month:
July '21 - 0.5%
Aug = 0.3%
Sep = 0.4%
Oct = 0.9%
Nov = 0.7%
Dec = 0.6%
Jan '22 = 0.6%
Feb = 0.8%
Mar = 1.2%
Apr = 0.3%
May = 1.0%
Jun = 1.3%
Jul = 0.0% (last month, the newest data)

July is 0% because energy went down 11%.

Food inflation stayed steady in July at 1.1% monthly (it has been between 0.9% and 1.2% every month this year). 1.1% monthly = 14.1% annually

The problem is any way you try to slice the data to frame a narrative, the people experience it every single day. Going with "we had 0 percent inflation in July" will not resonate for anyone in the work force, travelers, or anyone who has been to a grocery store. People are becoming poorer each and every month.

(08-10-2022 09:55 AM)WalkThePlank Wrote:  

(08-10-2022 09:08 AM)Captain Bearcat Wrote:  8.5% is the annual inflation over the past 12 months. But fascinatingly, the monthly inflation rate was 0% in July.

Here is the month-by-month inflation report directly from the Bureau of Labor Statistics:

https://www.bls.gov/news.release/pdf/cpi.pdf

Monthly inflation rate, by month:
July '21 - 0.5%
Aug = 0.3%
Sep = 0.4%
Oct = 0.9%
Nov = 0.7%
Dec = 0.6%
Jan '22 = 0.6%
Feb = 0.8%
Mar = 1.2%
Apr = 0.3%
May = 1.0%
Jun = 1.3%
Jul = 0.0% (last month, the newest data)

July is 0% because energy went down 11%.

Food inflation stayed steady in July at 1.1% monthly (it has been between 0.9% and 1.2% every month this year). 1.1% monthly = 14.1% annually

The problem is any way you try to slice the data to frame a narrative, the people experience it every single day. Going with "we had 0 percent inflation in July" will not resonate for anyone in the work force, travelers, or anyone who has been to a grocery store. People are becoming poorer each and every month.

No shi. While happy energy a la gas curbed the report from being horrible again on a monthly basis, EVERYONE remembers what prices were at last year as well as just before Corona (2019) since that was such a turning point for this era.

Note: Captain did note the food issue as well and don't think he meant to spin. Just provide further analysis

(08-10-2022 09:38 AM)Kruciff Wrote:  I alluded to this yesterday, but the wins keep coming for Biden. Nice to see. Can't wait to see the new numbers when the inflation act has a chance to make a real impact.

Hunh.

Can you point out specifically what in the “inflation act” actually addresses or will stem this runaway inflation?

Hard to see how another 3/4 trillion of printed 20 dollar bills is going to increase the value of the USD$?

We’re being played. Yet again.





Suckers

Dow up 500+ so far on the news...so there's that.

Consumer prices rise an additional 8.5% in July. Only a mindless progressive reading talking points could try to spin that as good news.

(08-10-2022 09:43 AM)shere khan Wrote:  

(08-10-2022 09:38 AM)Kruciff Wrote:  I alluded to this yesterday, but the wins keep coming for Biden. Nice to see. Can't wait to see the new numbers when the inflation act has a chance to make a real impact.

You call this a win?

I guess you think gas only being 2 dollars higher is a win too

Bwahahahahaha

Shere, my friend, you wouldn't happen to be screaming at the sky? Falling inflation is good for Americans, but this news seems to be upsetting you?

(08-10-2022 10:19 AM)Kruciff Wrote:  

(08-10-2022 09:43 AM)shere khan Wrote:  

(08-10-2022 09:38 AM)Kruciff Wrote:  I alluded to this yesterday, but the wins keep coming for Biden. Nice to see. Can't wait to see the new numbers when the inflation act has a chance to make a real impact.

You call this a win?

I guess you think gas only being 2 dollars higher is a win too

Bwahahahahaha

Shere, my friend, you wouldn't happen to be screaming at the sky? Falling inflation is good for Americans, but this news seems to be upsetting you?

You're the same guy who claimed that people pay income tax on the value of their property. Clearly, you are who we should all be listening to on economic matters.

(08-10-2022 10:01 AM)natibeast2.0 Wrote:  

(08-10-2022 09:55 AM)WalkThePlank Wrote:  

(08-10-2022 09:08 AM)Captain Bearcat Wrote:  8.5% is the annual inflation over the past 12 months. But fascinatingly, the monthly inflation rate was 0% in July.

Here is the month-by-month inflation report directly from the Bureau of Labor Statistics:

https://www.bls.gov/news.release/pdf/cpi.pdf

Monthly inflation rate, by month:
July '21 - 0.5%
Aug = 0.3%
Sep = 0.4%
Oct = 0.9%
Nov = 0.7%
Dec = 0.6%
Jan '22 = 0.6%
Feb = 0.8%
Mar = 1.2%
Apr = 0.3%
May = 1.0%
Jun = 1.3%
Jul = 0.0% (last month, the newest data)

July is 0% because energy went down 11%.

Food inflation stayed steady in July at 1.1% monthly (it has been between 0.9% and 1.2% every month this year). 1.1% monthly = 14.1% annually

The problem is any way you try to slice the data to frame a narrative, the people experience it every single day. Going with "we had 0 percent inflation in July" will not resonate for anyone in the work force, travelers, or anyone who has been to a grocery store. People are becoming poorer each and every month.

No shi. While happy energy a la gas curbed the report from being horrible again on a monthly basis, EVERYONE remembers what prices were at last year as well as just before Corona (2019) since that was such a turning point for this era.

Note: Captain did note the food issue as well and don't think he meant to spin. Just provide further analysis

I understand, however it’s the same talking point that the White House is trying to parrot to make it seem like inflation is over.

(08-10-2022 10:13 AM)Redwingtom Wrote:  Dow up 500+ so far on the news...so there's that.

That's good news for the high brow folks.

Most of the people that are struggling are not in the stock market, but that's really not your concern.

(08-10-2022 10:33 AM)oruvoice Wrote:  

(08-10-2022 10:13 AM)Redwingtom Wrote:  Dow up 500+ so far on the news...so there's that.

That's good news for the high brow folks.

Most of the people that are struggling are not in the stock market, but that's really not your concern.

Although I generally agree, that's not entirely true. A significant number of us who aren't high brow do have pention plans and 401k's thru our employers and are always affected by the stock market.

(08-10-2022 09:08 AM)Captain Bearcat Wrote:  8.5% is the annual inflation over the past 12 months. But fascinatingly, the monthly inflation rate was 0% in July.

Here is the month-by-month inflation report directly from the Bureau of Labor Statistics:

https://www.bls.gov/news.release/pdf/cpi.pdf

Monthly inflation rate, by month:
July '21 - 0.5%
Aug = 0.3%
Sep = 0.4%
Oct = 0.9%
Nov = 0.7%
Dec = 0.6%
Jan '22 = 0.6%
Feb = 0.8%
Mar = 1.2%
Apr = 0.3%
May = 1.0%
Jun = 1.3%
Jul = 0.0% (last month, the newest data)

July is 0% because energy went down 11%.

Food inflation stayed steady in July at 1.1% monthly (it has been between 0.9% and 1.2% every month this year). 1.1% monthly = 14.1% annually

Im extremely skeptical of that 1.1% number for food in July. It certainly wasnt the case at my grocery store.

(08-10-2022 10:36 AM)WKUApollo Wrote:  

(08-10-2022 10:33 AM)oruvoice Wrote:  

(08-10-2022 10:13 AM)Redwingtom Wrote:  Dow up 500+ so far on the news...so there's that.

That's good news for the high brow folks.

Most of the people that are struggling are not in the stock market, but that's really not your concern.

Although I generally agree, that's not entirely true. A significant number of us who aren't high brow do have pention plans and 401k's thru our employers and are always affected by the stock market.

Bingo! Yup...a ****-ton of your average working folk have a 401k with major investments in stocks.

(08-10-2022 11:01 AM)Attackcoog Wrote:  

(08-10-2022 09:08 AM)Captain Bearcat Wrote:  8.5% is the annual inflation over the past 12 months. But fascinatingly, the monthly inflation rate was 0% in July.

Here is the month-by-month inflation report directly from the Bureau of Labor Statistics:

https://www.bls.gov/news.release/pdf/cpi.pdf

Monthly inflation rate, by month:
July '21 - 0.5%
Aug = 0.3%
Sep = 0.4%
Oct = 0.9%
Nov = 0.7%
Dec = 0.6%
Jan '22 = 0.6%
Feb = 0.8%
Mar = 1.2%
Apr = 0.3%
May = 1.0%
Jun = 1.3%
Jul = 0.0% (last month, the newest data)

July is 0% because energy went down 11%.

Food inflation stayed steady in July at 1.1% monthly (it has been between 0.9% and 1.2% every month this year). 1.1% monthly = 14.1% annually

Im extremely skeptical of that 1.1% number for food in July. It certainly wasnt the case at my grocery store.

Yeah...and that's why we don't look at one grocery store in one town to determine the national condition.

(08-10-2022 10:31 AM)WalkThePlank Wrote:  

(08-10-2022 10:01 AM)natibeast2.0 Wrote:  

(08-10-2022 09:55 AM)WalkThePlank Wrote:  

(08-10-2022 09:08 AM)Captain Bearcat Wrote:  8.5% is the annual inflation over the past 12 months. But fascinatingly, the monthly inflation rate was 0% in July.

Here is the month-by-month inflation report directly from the Bureau of Labor Statistics:

https://www.bls.gov/news.release/pdf/cpi.pdf

Monthly inflation rate, by month:
July '21 - 0.5%
Aug = 0.3%
Sep = 0.4%
Oct = 0.9%
Nov = 0.7%
Dec = 0.6%
Jan '22 = 0.6%
Feb = 0.8%
Mar = 1.2%
Apr = 0.3%
May = 1.0%
Jun = 1.3%
Jul = 0.0% (last month, the newest data)

July is 0% because energy went down 11%.

Food inflation stayed steady in July at 1.1% monthly (it has been between 0.9% and 1.2% every month this year). 1.1% monthly = 14.1% annually

The problem is any way you try to slice the data to frame a narrative, the people experience it every single day. Going with "we had 0 percent inflation in July" will not resonate for anyone in the work force, travelers, or anyone who has been to a grocery store. People are becoming poorer each and every month.

No shi. While happy energy a la gas curbed the report from being horrible again on a monthly basis, EVERYONE remembers what prices were at last year as well as just before Corona (2019) since that was such a turning point for this era.

Note: Captain did note the food issue as well and don't think he meant to spin. Just provide further analysis

I understand, however it’s the same talking point that the White House is trying to parrot to make it seem like inflation is over.

Can you quote specifically ANYONE who has even hinted that inflation is over?