(08-10-2022 09:52 AM)natibeast2.0 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

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

I know my own savings have been drastically impacted. Admittedly I've faced some unexpected circumstances that those savings were designed to mitigate but had our economy continued to hum along as in the Trump days I wouldn't have needed to dip into them.

(08-10-2022 12:05 PM)TigerBlue4Ever 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.

LOL. Most of the subsidies dont kick in until next year and beyond. You know, when inflation will likely be tamed by then.

(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 display a serious lack of economic knowledge. You have become the dumbest poster here, congrats. You make the other leftists here look like geniuses.

(08-10-2022 12:13 PM)TigerBlue4Ever Wrote:  

(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 display a serious lack of economic knowledge. You have become the dumbest poster here, congrats. You make the other leftists here look like geniuses.

Whoa now. Let's not get carried away.

(08-10-2022 12:12 PM)WalkThePlank Wrote:  

(08-10-2022 12:05 PM)TigerBlue4Ever 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.

LOL. Most of the subsidies dont kick in until next year and beyond. You know, when inflation will likely be tamed by then.

This idiot has to be a troll. At least Tom can logically frame an argument, this buffoon simply spews whatever the talking point du jour happens to be.

(08-10-2022 12:14 PM)oruvoice Wrote:  

(08-10-2022 12:13 PM)TigerBlue4Ever Wrote:  

(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 display a serious lack of economic knowledge. You have become the dumbest poster here, congrats. You make the other leftists here look like geniuses.

Whoa now. Let's not get carried away.

OK, that really only applies to a couple of them here. Tom and Gamenole can at least argue somewhat reasonably. The rest aren't to be taken seriously.

(08-10-2022 12:19 PM)TigerBlue4Ever Wrote:  

(08-10-2022 12:12 PM)WalkThePlank Wrote:  

(08-10-2022 12:05 PM)TigerBlue4Ever 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.

LOL. Most of the subsidies dont kick in until next year and beyond. You know, when inflation will likely be tamed by then.

This idiot has to be a troll. At least Tom can logically frame an argument, this buffoon simply spews whatever the talking point du jour happens to be.

I've read his/her/they/ze's posts and seriously thought it was an attempt at humor or trying to punk us.

There are at least a handful of contenders for that dubious honor.

(08-10-2022 11:37 AM)WalkThePlank Wrote:  

(08-10-2022 11:35 AM)Redwingtom Wrote:  

(08-10-2022 11:29 AM)WalkThePlank Wrote:  

(08-10-2022 11:25 AM)Redwingtom Wrote:  

(08-10-2022 11:22 AM)WalkThePlank Wrote:  When you make a speech and specifically say inflation was at 0% the only way to interpret that is inflation is no longer an issue. The average American spends maybe 5 minutes on news so saying misleading things like this makes our citizens less informed on the issues.

Who made a speech?

Why even bother with you?

Sorry...I've not seen nor heard any speech made from anyone on this news that just broke like 2 hours ago. And I ask because I'd like to see the transcript of it to be able to ascertain whether the speaker implied in any way that this one months meant that inflation was no longer an issue.

It's not hard...

Nah, I'm good. You can look it up yourself like a big boy. If you don't want to respond to my original point and instead act like a moron that's on you.

Dude, you can be an ass all you want, I don't play this damned game here. If you make a claim, it's on you to cite it. It's not up to me to scour the interwebs trying to find what on earth you're talking about.

And in case you can't figure it out, I'm not going to respond to your claim that someone said or did something when you can't even show me the damned words where they supposedly claimed something leading people to only one conclusion, without the proper context.

EDIT: Thanks to the other poster for posting the video. And as expected, he admits that people are still hurting and that we're not out of the woods yet.

(08-10-2022 12:40 PM)Redwingtom Wrote:  

(08-10-2022 11:37 AM)WalkThePlank Wrote:  

(08-10-2022 11:35 AM)Redwingtom Wrote:  

(08-10-2022 11:29 AM)WalkThePlank Wrote:  

(08-10-2022 11:25 AM)Redwingtom Wrote:  Who made a speech?

Why even bother with you?

Sorry...I've not seen nor heard any speech made from anyone on this news that just broke like 2 hours ago. And I ask because I'd like to see the transcript of it to be able to ascertain whether the speaker implied in any way that this one months meant that inflation was no longer an issue.

It's not hard...

Nah, I'm good. You can look it up yourself like a big boy. If you don't want to respond to my original point and instead act like a moron that's on you.

Dude, you can be an ass all you want, I don't play this damned game here. If you make a claim, it's on you to cite it. It's not up to me to scour the interwebs trying to find what on earth you're talking about.

And in case you can't figure it out, I'm not going to respond to your claim that someone said or did something when you can't even show me the damned words where they supposedly claimed something leading people to only one conclusion, without the proper context.

EDIT: Thanks to the other poster for posting the video. And as expected, he admits that people are still hurting and that we're not out of the woods yet.

He spoke three hours ago as you've been posting here. Maybe you should pay more attention to what the White House directly says over reading about it six hours later from a biased source like you typically do.

Axios, The Guardian, Politico then write about the White House propaganda to cater to people like yourself who eat it up and use that as the next talking point, when it's the usual gaslighting.

https://www.politico.com/video/2022/08/1...nth-659386

https://www.theguardian.com/global/video...y-us-video

https://www.axios.com/2022/08/10/inflati...eport-july

They think you're a useful idiot, and you are. Anyone with a brain knows the takeaway from Biden's speech/press conference is that the White House said we had zero inflation. We measure inflation YOY as the main indicator...unless they're going to change that definition as well?

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

My guess is that will reverse itself in the very near future. One reason is grocery prices in July had the largest price increase since 1979. Once the false euphoria fades, the market will see reality and adjust.

(08-10-2022 12:55 PM)WalkThePlank Wrote:  

(08-10-2022 12:40 PM)Redwingtom Wrote:  

(08-10-2022 11:37 AM)WalkThePlank Wrote:  

(08-10-2022 11:35 AM)Redwingtom Wrote:  

(08-10-2022 11:29 AM)WalkThePlank Wrote:  Why even bother with you?

Sorry...I've not seen nor heard any speech made from anyone on this news that just broke like 2 hours ago. And I ask because I'd like to see the transcript of it to be able to ascertain whether the speaker implied in any way that this one months meant that inflation was no longer an issue.

It's not hard...

Nah, I'm good. You can look it up yourself like a big boy. If you don't want to respond to my original point and instead act like a moron that's on you.

Dude, you can be an ass all you want, I don't play this damned game here. If you make a claim, it's on you to cite it. It's not up to me to scour the interwebs trying to find what on earth you're talking about.

And in case you can't figure it out, I'm not going to respond to your claim that someone said or did something when you can't even show me the damned words where they supposedly claimed something leading people to only one conclusion, without the proper context.

EDIT: Thanks to the other poster for posting the video. And as expected, he admits that people are still hurting and that we're not out of the woods yet.

He spoke three hours ago as you've been posting here. Maybe you should pay more attention to what the White House directly says over reading about it six hours later from a biased source like you typically do.

Axios, The Guardian, Politico then write about the White House propaganda to cater to people like yourself who eat it up and use that as the next talking point, when it's the usual gaslighting.

https://www.politico.com/video/2022/08/1...nth-659386

https://www.theguardian.com/global/video...y-us-video

https://www.axios.com/2022/08/10/inflati...eport-july

They think you're a useful idiot, and you are. Anyone with a brain knows the takeaway from Biden's speech/press conference is that the White House said we had zero inflation. We measure inflation YOY as the main indicator...unless they're going to change that definition as well?

Dude, you don't know a flying **** about what I do. And I don't read any of those sources you posted on any regular basis.

And yeah, we had zero inflation for July. You honestly don't expect a president to note that? Get real. And as I said, he clearly said in the video that we're not out of the woods and that people are still hurting. Just because you want to believe that the entire country is somehow now listening to Biden and going to think inflation is over is on you. Cripes, you guys continually tells us how nobody listens to the guy or approves of him!

(08-10-2022 12:59 PM)VA49er Wrote:  

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

My guess is that will reverse itself in the very near future. One reason is grocery prices in July had the largest price increase since 1979. Once the false euphoria fades, the market will see reality and adjust.

Yeah, of course. EVERYONE with a brain knows that we're likely going to be seeing inflationary issues for at least another year.

(08-10-2022 01:29 PM)Redwingtom Wrote:  Dude, you don't know a flying **** about what I do. And I don't read any of those sources you posted on any regular basis.

And yeah, we had zero inflation for July. You honestly don't expect a president to note that? Get real. And as I said, he clearly said in the video that we're not out of the woods and that people are still hurting. Just because you want to believe that the entire country is somehow now listening to Biden and going to think inflation is over is on you. Cripes, you guys continually tells us how nobody listens to the guy or approves of him!

No, I don't. I expect him to stop changing the narrative and stop bringing up phony numbers that don't mean a damn thing. Inflation is 8.5%. They've already tried to change the definition of recession and now it's inflation. And you eat it up. If Trump was doing this you'd be making threads daily about it, but because he's a Democrat you come to his defense 100% of the time and pretend otherwise.

(08-10-2022 01:38 PM)WalkThePlank Wrote:  

(08-10-2022 01:29 PM)Redwingtom Wrote:  Dude, you don't know a flying **** about what I do. And I don't read any of those sources you posted on any regular basis.

And yeah, we had zero inflation for July. You honestly don't expect a president to note that? Get real. And as I said, he clearly said in the video that we're not out of the woods and that people are still hurting. Just because you want to believe that the entire country is somehow now listening to Biden and going to think inflation is over is on you. Cripes, you guys continually tells us how nobody listens to the guy or approves of him!

No, I don't. I expect him to stop changing the narrative and stop bringing up phony numbers that don't mean a damn thing. Inflation is 8.5%. They've already tried to change the definition of recession and now it's inflation. And you eat it up. If Trump was doing this you'd be making threads daily about it, but because he's a Democrat you come to his defense 100% of the time and pretend otherwise.

Dude, I don't eat anything up. Stop making these moronic observations about me when you don't have anything to base them on. I get it, you can't handle even the slightest factual information that doesn't point to all gloom and doom so you get your panties in a bunch.

If I lap it up, I'm sure you can show where exactly I've posted that this one month of decent news implies that I think inflation is somehow over, or that we're not either in or on the precipice of a recession, or that I think Biden is doing anything to bring any of this about.

Cite one post, chucklehead!

Merely posting factual information IS NOT ******* DEFENDING ANYTHING, ANYONE, OR ANY POLICY!

I'm NOT defending anything!!

And if you don't stop right now, Imma gwan keep on defending it in even more posts!

(08-10-2022 01:58 PM)MileHighBronco Wrote:   I'm NOT defending anything!!

And if you don't stop right now, Imma gwan keep on defending it in even more posts!

I'm defending me, not Biden or this administration. Try to keep up, k?

(08-10-2022 02:09 PM)Redwingtom Wrote:  

(08-10-2022 01:58 PM)MileHighBronco Wrote:   I'm NOT defending anything!!

And if you don't stop right now, Imma gwan keep on defending it in even more posts!

I'm defending me, not Biden or this administration. Try to keep up, k?

Except you literally responded to a point I made about Biden earlier. Nobody asked you to begin with, then you interjected by suggesting Biden isn’t making excuses (which he was by bringing up a monthly inflation number versus the actual inflation number).

Nobody gives a **** what you think, but your schtick is coming to the defense of every democrat known to man, getting owned by multiple posters in each thread, then backtracking afterwards.

Inflation Moderates in July with Drop in Energy Prices, But Look Closely Food Prices are About to Skyrocket

Quote:The Bureau of Labor Statistics (BLS) has released the July inflation figures known as the Consumer Price Index (CPI) [DATA HERE]. I’m not going to spend much time on the review because the big picture results are exactly what we expected, the appearance of a false inflation plateau, drop and/or moderation of inflation.

The July energy prices dropped significantly driven by a reduction in consumer demand for gasoline and fuel oil, which lowered prices. We can expect a very similar outcome in August (report in Sept).

Most financial and economic media are reporting an “unexpected” drop in inflation, ex:

“Prices that consumers pay for a variety of goods and services rose 8.5% in July from a year ago, a slowing pace from the previous month due largely to a drop in gasoline prices. On a monthly basis, prices were flat as energy prices broadly declined 4.6% and gasoline fell 7.7%. That offset a 1.1% monthly gain in food prices and a 0.5% increase in shelter costs. {link}

Most econ people will look at the price drop sectors and accept that consumer spending on durable goods and non-essentials has become a downward price point on key categories like vehicles etc.

This is the ‘stag’ part of the ‘stagflation’ (economy), or the new lingo; the ‘dis’ part of the ‘disinflation’ (consumer spending).

For the middle-class or working class, especially those families with young children, I would shake all those data points away, clear the table and look more closely at [BLS Table-2] to see where our eyeballs should be focused.

Look closely at all food group products that originate as “ROW CROPS” and/or “GRAIN”. Just by looking at the current rate of price increase, you can easily see that all grain and row crop outcomes are going to explode in price in around 60 to 90 days.


The wholesale food supply chain is starting to price-in the future cost at market for products that have yet to be harvested. Remember, ‘row-crops’ and ‘grains’ are the most energy intensive farming and carry the highest rate of energy use in the process, including fertilizer and diesel prices. Row crops also carry the highest labor rate to harvest.

When you look at row crops and grains in the Table-2 breakdown of food prices the input price cost is easy to spot.

Annualizing the price outcomes, we see:

Flour at +60% in June and +38% in July.

Bread overall at +19% in June, and +34% in July.

Crackers at 12% in June, and +40% in July.

All grain-based categories are in this +35% to +50% annualized rate. This is a good rough estimator for what is going to happen in the third wave of food prices we have been discussing. These are energy cost increases we have to look forward to within current grain harvests. Additionally, a global shortage of grain will only make this worse.

Eggs are also in this +50% range, and Coffee around +42%.

The same is true for row crops with potato prices in July up +40% (annualized).

SUMMARY: Energy prices in July, Aug, Sept, moderate yet stay high – giving the false impression of inflation slowing as the overall economy continues shrinking. However, by the time we get to Sept, Oct, Nov, all of those high farming costs are going to transfer from the field to our forks. Food inflation in the last quarter of this year is going to be the urgent family conversation that takes the place of gas prices.

(08-10-2022 02:18 PM)WalkThePlank Wrote:  

(08-10-2022 02:09 PM)Redwingtom Wrote:  

(08-10-2022 01:58 PM)MileHighBronco Wrote:   I'm NOT defending anything!!

And if you don't stop right now, Imma gwan keep on defending it in even more posts!

I'm defending me, not Biden or this administration. Try to keep up, k?

Except you literally responded to a point I made about Biden earlier. Nobody asked you to begin with, then you interjected by suggesting Biden isn’t making excuses (which he was by bringing up a monthly inflation number versus the actual inflation number).

Nobody gives a **** what you think, but your schtick is coming to the defense of every democrat known to man, getting owned by multiple posters in each thread, then backtracking afterwards.

Ohhhhhh...I'm getting owned...because you and your clown car circus says so. Ok.