The Economy

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movielover
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In reply to DiabloWags • 9:10a, 1/15/26
CNN: "Facts First: Biden's claim that the inflation rate was 9% when he became president is not close to true. The year-over-year inflation rate in January 2021, the month of his inauguration, was about 1.4%. The Biden-era inflation rate did peak at about 9.1% but that peak occurred in June 2022, after Biden had been president for more than 16 months. The March 2024 inflation rate, the most recent available rate at the time Biden made these comments, was about 3.5%, up from about 3.2% the month prior."

Biden's cumulative inflation was over 20%.
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BearlySane88
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In reply to DiabloWags • 9:31a, 1/15/26
DiabloWags said:
Inflation SOARED in The Bay Area to 3%
December saw the largest increase since June 2024







https://www.mercurynews.com/2026/01/15/inflations-spike-leaves-lasting-anxieties/?share=oonteosnla5el2wlslh0



Thanks Gavin!
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DiabloWags
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In reply to movielover • 9:51a, 1/15/26
I've asked you for a second time to answer the following questions on inflation.
But you have ignored them.

It doesn't sound like you are genuinely interested in having an honest discussion about inflation.
Perhaps I should add you to my ignore list.

"Cults don't end well. They really don't."
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BearlySane88
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In reply to DiabloWags • 9:54a, 1/15/26
DiabloWags said:
I've asked you for a second time to answer the following questions on inflation.
But you have ignored them.

It doesn't sound like you are genuinely interested in having an honest discussion about inflation.
Perhaps I should add you to my ignore list.



Your insular world is almost complete
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DiabloWags
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9:58a, 1/15/26





Fed's Goolsbee says inflation could come 'roaring back' if central bank independence goes away
"Cults don't end well. They really don't."
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Cal88
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11:24a, 1/15/26
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BearlySane88
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In reply to Cal88 • 11:33a, 1/15/26
Cal88 said:


What's the solution to this? It's definitely a problem
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Eastern Oregon Bear
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In reply to BearlySane88 • 11:45a, 1/15/26
BearlySane88 said:
Cal88 said:


What's the solution to this? It's definitely a problem
One thing is certain. Funneling wealth to the top 1% of the population isn't going to bring down the median age of homebuyers.
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BearlySane88
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In reply to Eastern Oregon Bear • 11:48a, 1/15/26
Eastern Oregon Bear said:
BearlySane88 said:
Cal88 said:


What's the solution to this? It's definitely a problem
One thing is certain. Funneling wealth to the top 1% of the population isn't going to bring down the median age of homebuyers.


That's not a solution, that's a cause. Are you implying redistribution of wealth?
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Eastern Oregon Bear
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In reply to BearlySane88 • 11:57a, 1/15/26
BearlySane88 said:
Eastern Oregon Bear said:
BearlySane88 said:
Cal88 said:


What's the solution to this? It's definitely a problem
One thing is certain. Funneling wealth to the top 1% of the population isn't going to bring down the median age of homebuyers.


That's not a solution, that's a cause. Are you implying redistribution of wealth?
Redistribution of wealth is certainly happening right now. The rich are getting richer, the poor, not so much. Older people are buying houses because younger people are being priced out of the pool of homebuyers and older people have been saving up for decades.
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BearlySane88
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In reply to Eastern Oregon Bear • 12:13p, 1/15/26
Eastern Oregon Bear said:
BearlySane88 said:
Eastern Oregon Bear said:
BearlySane88 said:
Cal88 said:


What's the solution to this? It's definitely a problem
One thing is certain. Funneling wealth to the top 1% of the population isn't going to bring down the median age of homebuyers.


That's not a solution, that's a cause. Are you implying redistribution of wealth?
Redistribution of wealth is certainly happening right now. The rich are getting richer, the poor, not so much. Older people are buying houses because younger people are being priced out of the pool of homebuyers and older people have been saving up for decades.


So again, what's the solution. You have yet to suggest anything
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PAC-10-BEAR
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In reply to Eastern Oregon Bear • 12:17p, 1/15/26
Eastern Oregon Bear said:
BearlySane88 said:
Eastern Oregon Bear said:
BearlySane88 said:

What's the solution to this? It's definitely a problem

One thing is certain. Funneling wealth to the top 1% of the population isn't going to bring down the median age of homebuyers.


That's not a solution, that's a cause. Are you implying redistribution of wealth?

Redistribution of wealth is certainly happening right now. The rich are getting richer, the poor, not so much. Older people are buying houses because younger people are being priced out of the pool of homebuyers and older people have been saving up for decades.

You should set an example and give away your own money to the poor. And then we'll follow in your footsteps.
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Eastern Oregon Bear
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In reply to PAC-10-BEAR • 12:22p, 1/15/26
PAC-10-BEAR said:
Eastern Oregon Bear said:
BearlySane88 said:
Eastern Oregon Bear said:
BearlySane88 said:

What's the solution to this? It's definitely a problem

One thing is certain. Funneling wealth to the top 1% of the population isn't going to bring down the median age of homebuyers.


That's not a solution, that's a cause. Are you implying redistribution of wealth?

Redistribution of wealth is certainly happening right now. The rich are getting richer, the poor, not so much. Older people are buying houses because younger people are being priced out of the pool of homebuyers and older people have been saving up for decades.

You should set an example and give away your own money to the poor. And then we'll follow in your footsteps.
I'll look into that when I see you helping impose order in Venezuela, Iran or Minneapolis.
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Eastern Oregon Bear
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In reply to BearlySane88 • 12:31p, 1/15/26
BearlySane88 said:
Eastern Oregon Bear said:
BearlySane88 said:
Eastern Oregon Bear said:
BearlySane88 said:
Cal88 said:


What's the solution to this? It's definitely a problem

One thing is certain. Funneling wealth to the top 1% of the population isn't going to bring down the median age of homebuyers.


That's not a solution, that's a cause. Are you implying redistribution of wealth?

Redistribution of wealth is certainly happening right now. The rich are getting richer, the poor, not so much. Older people are buying houses because younger people are being priced out of the pool of homebuyers and older people have been saving up for decades.


So again, what's the solution. You have yet to suggest anything

I don't have a solution to offer. Unlike some around here, I don't purport to have an answer for everything. However, I can recognize a policy that won't work.
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DiabloWags
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In reply to PAC-10-BEAR • 12:45p, 1/15/26
PAC-10-BEAR said:
You should set an example and give away your own money to the poor. And then we'll follow in your footsteps.


THANK YOU PRESIDENT TRUMP!

THE "K" ECONOMY CONTINUES.

"Cults don't end well. They really don't."
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oski003
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In reply to DiabloWags • 12:49p, 1/15/26
DiabloWags said:
PAC-10-BEAR said:
You should set an example and give away your own money to the poor. And then we'll follow in your footsteps.


THANK YOU PRESIDENT TRUMP!

THE "K" ECONOMY CONTINUES.


Can you please help us land Green, Johnson and Purchase? You seem to have a lot of money, mister.
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BearlySane88
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In reply to Eastern Oregon Bear • 1:03p, 1/15/26
Eastern Oregon Bear said:
BearlySane88 said:
Eastern Oregon Bear said:
BearlySane88 said:
Eastern Oregon Bear said:
BearlySane88 said:
Cal88 said:


What's the solution to this? It's definitely a problem

One thing is certain. Funneling wealth to the top 1% of the population isn't going to bring down the median age of homebuyers.


That's not a solution, that's a cause. Are you implying redistribution of wealth?

Redistribution of wealth is certainly happening right now. The rich are getting richer, the poor, not so much. Older people are buying houses because younger people are being priced out of the pool of homebuyers and older people have been saving up for decades.


So again, what's the solution. You have yet to suggest anything

I don't have a solution to offer. Unlike some around here, I don't purport to have an answer for everything. However, I can recognize a policy that won't work.


So still no solution or ideas?
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dajo9
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In reply to PAC-10-BEAR • 1:21p, 1/15/26
PAC-10-BEAR said:
Eastern Oregon Bear said:
BearlySane88 said:
Eastern Oregon Bear said:
BearlySane88 said:

What's the solution to this? It's definitely a problem

One thing is certain. Funneling wealth to the top 1% of the population isn't going to bring down the median age of homebuyers.


That's not a solution, that's a cause. Are you implying redistribution of wealth?

Redistribution of wealth is certainly happening right now. The rich are getting richer, the poor, not so much. Older people are buying houses because younger people are being priced out of the pool of homebuyers and older people have been saving up for decades.

You should set an example and give away your own money to the poor. And then we'll follow in your footsteps.


Why? Most poors voted for us to be rich. I'm willing to take that sacrifice.
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PAC-10-BEAR
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In reply to DiabloWags • 1:31p, 1/15/26
DiabloWags said:
PAC-10-BEAR said:
You should set an example and give away your own money to the poor. And then we'll follow in your footsteps.


THANK YOU PRESIDENT TRUMP!

THE "K" ECONOMY CONTINUES.


Bro, do you support the Democrats' plan to tax unrealized gains?
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DiabloWags
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In reply to dajo9 • 1:52p, 1/15/26
dajo9 said:
PAC-10-BEAR said:
You should set an example and give away your own money to the poor. And then we'll follow in your footsteps.


Why? Most poors voted for us to be rich. I'm willing to take that sacrifice.


Bingo.

Lots of "sucker and losers" out there voted for the Mango Messiah.
They literally voted against themselves . . . on tariffs (taxes), healthcare, education, and jobs.

Some of them even post here 24/7.

Thank you "suckers and losers"





"Cults don't end well. They really don't."
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Eastern Oregon Bear
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In reply to BearlySane88 • 2:01p, 1/15/26
BearlySane88 said:
Eastern Oregon Bear said:
BearlySane88 said:
Eastern Oregon Bear said:
BearlySane88 said:
Eastern Oregon Bear said:
BearlySane88 said:
Cal88 said:


What's the solution to this? It's definitely a problem

One thing is certain. Funneling wealth to the top 1% of the population isn't going to bring down the median age of homebuyers.


That's not a solution, that's a cause. Are you implying redistribution of wealth?

Redistribution of wealth is certainly happening right now. The rich are getting richer, the poor, not so much. Older people are buying houses because younger people are being priced out of the pool of homebuyers and older people have been saving up for decades.


So again, what's the solution. You have yet to suggest anything

I don't have a solution to offer. Unlike some around here, I don't purport to have an answer for everything. However, I can recognize a policy that won't work.


So still no solution or ideas?

What is your solution? You seem very concerned and must have been pondering this.
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BearlySane88
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In reply to Eastern Oregon Bear • 2:34p, 1/15/26
Eastern Oregon Bear said:
BearlySane88 said:
Eastern Oregon Bear said:
BearlySane88 said:
Eastern Oregon Bear said:
BearlySane88 said:
Eastern Oregon Bear said:
BearlySane88 said:
Cal88 said:


What's the solution to this? It's definitely a problem

One thing is certain. Funneling wealth to the top 1% of the population isn't going to bring down the median age of homebuyers.


That's not a solution, that's a cause. Are you implying redistribution of wealth?

Redistribution of wealth is certainly happening right now. The rich are getting richer, the poor, not so much. Older people are buying houses because younger people are being priced out of the pool of homebuyers and older people have been saving up for decades.


So again, what's the solution. You have yet to suggest anything

I don't have a solution to offer. Unlike some around here, I don't purport to have an answer for everything. However, I can recognize a policy that won't work.


So still no solution or ideas?

What is your solution? You seem very concerned and must have been pondering this.


I asked the question, what's the solution? You responded with no solution but responded anyways. I asked the question because I don't know the solution.
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PAC-10-BEAR
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4:58p, 1/15/26
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DiabloWags
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In reply to PAC-10-BEAR • 6:20p, 1/15/26
PAC-10-BEAR said:
DiabloWags said:
PAC-10-BEAR said:
You should set an example and give away your own money to the poor. And then we'll follow in your footsteps.


THANK YOU PRESIDENT TRUMP!

THE "K" ECONOMY CONTINUES.


Bro, do you support the Democrats' plan to tax unrealized gains?


There is no support for such a plan
Not even by democrats.

Try and keep up buddy.
Life comes at you fast bro.

"Cults don't end well. They really don't."
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BearlySane88
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In reply to DiabloWags • 6:25p, 1/15/26
DiabloWags said:
PAC-10-BEAR said:
DiabloWags said:
PAC-10-BEAR said:
You should set an example and give away your own money to the poor. And then we'll follow in your footsteps.


THANK YOU PRESIDENT TRUMP!

THE "K" ECONOMY CONTINUES.


Bro, do you support the Democrats' plan to tax unrealized gains?


There is no support for such a plan
Not even by democrats.

Try and keep up buddy.
Life comes at you fast bro.



Kamala proposed and supported it while running for president so I'm not really sure you know what you're talking about here.

https://www.cnn.com/2024/10/06/politics/capital-gains-tax-harris-tiktok

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harebear
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In reply to harebear • 12:26a, 1/16/26
harebear said:


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DiabloWags
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In reply to harebear • 5:12a, 1/16/26
As Trump says, we are entering the Golden Age of America.
Where every commodity goes to the MOON and INFLATION rages.

If you thought inflation was bad under Biden, you ain't seen nothing yet!



"Cults don't end well. They really don't."
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dajo9
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In reply to BearlySane88 • 5:51a, 1/16/26
BearlySane88 said:
DiabloWags said:
PAC-10-BEAR said:
DiabloWags said:
PAC-10-BEAR said:
You should set an example and give away your own money to the poor. And then we'll follow in your footsteps.


THANK YOU PRESIDENT TRUMP!

THE "K" ECONOMY CONTINUES.


Bro, do you support the Democrats' plan to tax unrealized gains?


There is no support for such a plan
Not even by democrats.

Try and keep up buddy.
Life comes at you fast bro.



Kamala proposed and supported it while running for president so I'm not really sure you know what you're talking about here.

https://www.cnn.com/2024/10/06/politics/capital-gains-tax-harris-tiktok



For people with net worth above $100 million. I absolutely support that. Don't you?
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BearlySane88
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In reply to dajo9 • 6:20a, 1/16/26
dajo9 said:
BearlySane88 said:
DiabloWags said:
PAC-10-BEAR said:
DiabloWags said:
PAC-10-BEAR said:
You should set an example and give away your own money to the poor. And then we'll follow in your footsteps.


THANK YOU PRESIDENT TRUMP!

THE "K" ECONOMY CONTINUES.


Bro, do you support the Democrats' plan to tax unrealized gains?


There is no support for such a plan
Not even by democrats.

Try and keep up buddy.
Life comes at you fast bro.



Kamala proposed and supported it while running for president so I'm not really sure you know what you're talking about here.

https://www.cnn.com/2024/10/06/politics/capital-gains-tax-harris-tiktok



For people with net worth above $100 million. I absolutely support that. Don't you?


Nope
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BearlySane88
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In reply to DiabloWags • 6:40a, 1/16/26
DiabloWags said:
As Trump says, we are entering the Golden Age of America.
Where every commodity goes to the MOON and INFLATION rages.

If you thought inflation was bad under Biden, you ain't seen nothing yet!





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BearlySane88
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9:26a, 1/16/26
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Cal88
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In reply to BearlySane88 • 10:38a, 1/16/26
BearlySane88 said:


Eventually the monumental deficits and debt are going to catch up and result in higher interest rates, particularly in the current global environment of dedolarisation. The choice will be either higher rates or higher inflation for the next Fed appointee.

https://www.crfb.org/blogs/12-month-rolling-deficit-17-trillion-calendar-year-2025
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DiabloWags
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In reply to Cal88 • 11:19a, 1/16/26
Cal88 said:

Eventually the monumental deficits and debt are going to catch up and result in higher interest rates, particularly in the current global environment of dedolarisation. The choice will be either higher rates or higher inflation for the next Fed appointee.

https://www.crfb.org/blogs/12-month-rolling-deficit-17-trillion-calendar-year-2025


But here's the problem . . .

The NEXT FED CHAIRMAN will be a Trump STOOGE who lowers rates which will be inflationary and send rates at the long end of the curve to the MOON!

The long end of the yield curve isn't stupid.
And since mortgage rates track the 10-year, that means those rates are going HIGHER.

"Cults don't end well. They really don't."
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movielover
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12:28p, 1/16/26
TSMC and Taiwan to Pour $500 Billion Into U.S. Chipmaking, Yet the Most Advanced Chips Still Remain Strictly Offshore

https://wccftech.com/tsmc-and-taiwan-to-pour-500-billion-into-us-chipmaking-yet-the-most-advanced-chips-still-remain-offshore/

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movielover
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In reply to BearlySane88 • 12:30p, 1/16/26
BearlySane88 said:
DiabloWags said:
As Trump says, we are entering the Golden Age of America.
Where every commodity goes to the MOON and INFLATION rages.

If you thought inflation was bad under Biden, you ain't seen nothing yet!







Blessed.
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