https://www.theepochtimes.com/opinion/the-us-is-still-vexed-by-high-inflation-5459485
That subject is a great line to close the linked article.
It nails the attitude Stephen wants you to buy into.
The idea is for the government to devastate you in one fell swoop and then let off a bit in order to make you grateful for the lessening of pain.
and this
an entire generation has already forgotten what it is like to live with falling prices in many sectors while incomes are steadily rising.
The promise of America, a better life for your children has been broken.
ScottW
On 13/08/2023 1:40 pm, ScottW wrote:
https://www.theepochtimes.com/opinion/the-us-is-still-vexed-by-high-inflation-5459485
That subject is a great line to close the linked article.
It nails the attitude Stephen wants you to buy into.
The idea is for the government to devastate you in one fell swoop and then let off a bit in order to make you grateful for the lessening of pain.
and this
an entire generation has already forgotten what it is like to live with falling prices in many sectors while incomes are steadily rising.
The promise of America, a better life for your children has been broken.
ScottW**You fucking moron. Most of the planet is suffering high-ish inflation.
It is due to the Trump/Putin war in Ukraine.
The US is not doing too bad:
https://tradingeconomics.com/country-list/inflation-rate
On Sunday, August 13, 2023 at 7:13:12 PM UTC-4, Trevor Wilson wrote:
On 13/08/2023 1:40 pm, ScottW wrote:
ScottW**You fucking moron. Most of the planet is suffering high-ish inflation.
It is due to the Trump/Putin war in Ukraine.
The US is not doing too bad:
https://tradingeconomics.com/country-list/inflation-rate
Inflation rates are calculated differently country by country.
talking about comparability is spreading misinformation.
also, you picked a low month for the US
Previously it was much higher.
Those historic rates mater, because the ride in the cost of living did not subside.
Only the rate of monthly increase subsided.
On 8/13/23 7:44 PM, Art Sackman wrote:
On Sunday, August 13, 2023 at 7:13:12 PM UTC-4, Trevor Wilson wrote:
On 13/08/2023 1:40 pm, ScottW wrote:
ScottW**You fucking moron. Most of the planet is suffering high-ish inflation. >> It is due to the Trump/Putin war in Ukraine.
The US is not doing too bad:
https://tradingeconomics.com/country-list/inflation-rate
Inflation rates are calculated differently country by country.https://www.whitehouse.gov/briefing-room/statements-releases/2023/06/27/cea-apples-to-apfel-recent-inflation-trends-in-the-g7/
talking about comparability is spreading misinformation.
"In this blog post, the Council of Economic Advisers assembles and constructs harmonized inflation data for G7 countries, allowing for more apples-to-apples inflation comparisons. U.S. harmonized inflation
generally rose and peaked earlier in the pandemic than the rest of the
G7, measured on a 12-month basis. Though inflation remains elevated
across all countries in this analysis, the U.S. now has the lowest
12-month harmonized inflation in the G7, both for overall and core inflation. That said, inflation going forward remains considerably
uncertain across all G7 nations, including the U.S.
...Put simply, “harmonizing” means using the same consumer basket in all countries...
The result is close to a truly apples-to-apples inflation concept that allows for international comparisons, despite lacking some components
with which many American inflation analysts are familiar.
Importantly, BLS’s methodology of incorporating owner-equivalent rent is widely-acknowledged by economists as the approach most consistent with CPI’s explicit goal of measuring consumption prices over time... this approach is necessary to fairly compare U.S. inflation with that of
other advanced economies."
also, you picked a low month for the USYou're claiming the long trend is due to a single cherry-picked month?
Previously it was much higher.
The Harmonized Headline HICP Inflation rate's been falling for a year.
Those historic rates mater, because the ride in the cost of living did not subside.It's now under 3%, which is pretty normal.
Only the rate of monthly increase subsided.
On 8/13/23 7:44 PM, Art Sackman wrote:
On Sunday, August 13, 2023 at 7:13:12 PM UTC-4, Trevor Wilson wrote:
On 13/08/2023 1:40 pm, ScottW wrote:
ScottW**You fucking moron. Most of the planet is suffering high-ish inflation. >> It is due to the Trump/Putin war in Ukraine.
The US is not doing too bad:
https://tradingeconomics.com/country-list/inflation-rate
Inflation rates are calculated differently country by country.https://www.whitehouse.gov/briefing-room/statements-releases/2023/06/27/cea-apples-to-apfel-recent-inflation-trends-in-the-g7/
talking about comparability is spreading misinformation.
"In this blog post, the Council of Economic Advisers assembles and constructs harmonized inflation data for G7 countries, allowing for more apples-to-apples inflation comparisons. U.S. harmonized inflation
generally rose and peaked earlier in the pandemic than the rest of the
G7, measured on a 12-month basis. Though inflation remains elevated
across all countries in this analysis, the U.S. now has the lowest
12-month harmonized inflation in the G7, both for overall and core inflation. That said, inflation going forward remains considerably
uncertain across all G7 nations, including the U.S.
...Put simply, “harmonizing” means using the same consumer basket in all countries...
The result is close to a truly apples-to-apples inflation concept that allows for international comparisons, despite lacking some components
with which many American inflation analysts are familiar.
Importantly, BLS’s methodology of incorporating owner-equivalent rent is widely-acknowledged by economists as the approach most consistent with CPI’s explicit goal of measuring consumption prices over time... this approach is necessary to fairly compare U.S. inflation with that of
other advanced economies."
also, you picked a low month for the USYou're claiming the long trend is due to a single cherry-picked month?
Previously it was much higher.
The Harmonized Headline HICP Inflation rate's been falling for a year.
Those historic rates mater, because the ride in the cost of living did not subside.It's now under 3%, which is pretty normal.
Only the rate of monthly increase subsided.
On Monday, August 14, 2023 at 5:44:55 AM UTC-7, mINE109 wrote:
On 8/13/23 7:44 PM, Art Sackman wrote:
On Sunday, August 13, 2023 at 7:13:12 PM UTC-4, Trevor Wilson
wrote:
On 13/08/2023 1:40 pm, ScottW wrote:
ScottW**You fucking moron. Most of the planet is suffering high-ish
inflation. It is due to the Trump/Putin war in Ukraine.
The US is not doing too bad:
https://tradingeconomics.com/country-list/inflation-rate
Inflation rates are calculated differently country by country.
talking about comparability is spreading misinformation.
https://www.whitehouse.gov/briefing-room/statements-releases/2023/06/27/cea-apples-to-apfel-recent-inflation-trends-in-the-g7/
It's now under 3%, which is pretty normal.
Only 50% above target.....but that's normal for dem run gov't.
You keep spinning this but the American consumer feels the raw
painful truth every time they fill their gas tank or go shopping for
food.
On 8/14/23 10:18 AM, ScottW wrote:
On Monday, August 14, 2023 at 5:44:55 AM UTC-7, mINE109 wrote:
On 8/13/23 7:44 PM, Art Sackman wrote:
On Sunday, August 13, 2023 at 7:13:12 PM UTC-4, Trevor Wilson
wrote:
On 13/08/2023 1:40 pm, ScottW wrote:
ScottW**You fucking moron. Most of the planet is suffering high-ish
inflation. It is due to the Trump/Putin war in Ukraine.
The US is not doing too bad:
https://tradingeconomics.com/country-list/inflation-rate
Inflation rates are calculated differently country by country.
talking about comparability is spreading misinformation.
<inflation>https://www.whitehouse.gov/briefing-room/statements-releases/2023/06/27/cea-apples-to-apfel-recent-inflation-trends-in-the-g7/
It's now under 3%, which is pretty normal.
Only 50% above target.....but that's normal for dem run gov't.How to lie with statistics. Sure, 3 is 50% more than two, but it's also
just one more.
You keep spinning this but the American consumer feels the rawWhat's so great about 2% as a target?
painful truth every time they fill their gas tank or go shopping for
food.
On Monday, August 14, 2023 at 8:44:27 AM UTC-7, mINE109 wrote:
What's so great about 2% as a target?
You're right....it's too high.
On 8/14/23 10:47 AM, ScottW wrote:
On Monday, August 14, 2023 at 8:44:27 AM UTC-7, mINE109 wrote:
What's so great about 2% as a target?
You're right....it's too high.https://qz.com/2022696/where-did-the-feds-2-percent-inflation-target-come-from
At least since 1996, the US Federal Reserve has used monetary policy
with the aim of keeping inflation at 2%—a number that Ben Bernanke, the former Fed chair, made an explicit policy target in 2012. And it isn’t
the only central bank in the developed world to shoot for 2%...
But why did these banks uniformly gravitate to the 2% figure? And where
did that number come from?
From New Zealand, it turns out: specifically, from a finance minister
who was put on the spot during a TV interview in 1988...
At the time of [Roger] Douglas’ TV appearance, the inflation rate had
just dipped below 10% for the first time in some years. Brash recalled
that Douglas’ interviewer asked him: Was the government satisfied now, with this lower level of inflation?
No, Douglas replied, adding that he’d ideally want an inflation rate of between 0 and 1%.
The remark was entirely off the cuff, Brash said, but now that it had
been made, the Reserve Bank had to work out what the inflation target
should be. After Brash joined the Reserve Bank, he and his colleagues learned from the literature on cost-of-living estimates that there
tended to be an “upward bias” to these calculations—that an inflation rate worked out to be 1.7%, say, might in reality be closer to 1% or 0.7%.
Brash and his team estimated the bias for New Zealand to be around 0.75%
and rounded it up to 1%, which gave them a maximum target boundary of
2%. “It wasn’t ruthlessly scientific,” Michael Reddell, one of Brash’s
colleagues at the Reserve Bank, admitted. But once the target was set,
its gospel had to be spread, so that people could factor the 2% figure
into their economic activities.
End quote.
https://www.marketplace.org/2023/08/03/mohamed-el-erian-on-feds-inflation-target-theres-nothing-scientific-about-2/
"So imagine that you are at a stable 3% inflation rate. And the choices
you have are the following: One is go to 2% and risk tipping the economy into recession or alternatively live with 3% and avoid a recession."
Well, if you want a recession to make a president look bad, go ahead and overtighten.
"So let’s talk about why pick 2%. It picked 2% because the other central banks picked 2%. And it then chose 2% because 2% seemed appropriate. There’s nothing scientific about 2%. This is a judgment. The reality is that the economy has changed, that the supply side has become more problematic
On Monday, August 14, 2023 at 9:07:30 AM UTC-7, mINE109 wrote:
On 8/14/23 10:47 AM, ScottW wrote:
On Monday, August 14, 2023 at 8:44:27 AM UTC-7, mINE109 wrote:
What's so great about 2% as a target?
You're right....it's too high.
https://qz.com/2022696/where-did-the-feds-2-percent-inflation-target-come-from
End quote.
https://www.marketplace.org/2023/08/03/mohamed-el-erian-on-feds-inflation-target-theres-nothing-scientific-about-2/
"So imagine that you are at a stable 3% inflation rate. And the choices
you have are the following: One is go to 2% and risk tipping the economy
into recession or alternatively live with 3% and avoid a recession."
Well, if you want a recession to make a president look bad, go ahead and
overtighten.
"So let’s talk about why pick 2%. It picked 2% because the other central >> banks picked 2%. And it then chose 2% because 2% seemed appropriate.
There’s nothing scientific about 2%. This is a judgment. The reality is
that the economy has changed, that the supply side has become more
problematic
That's fancy talk for we need to lower people's standards of living.
Cuz you know...the planet.
On 8/14/23 10:18 AM, ScottW wrote:
On Monday, August 14, 2023 at 5:44:55 AM UTC-7, mINE109 wrote:
On 8/13/23 7:44 PM, Art Sackman wrote:
On Sunday, August 13, 2023 at 7:13:12 PM UTC-4, Trevor Wilson
wrote:
On 13/08/2023 1:40 pm, ScottW wrote:
ScottW**You fucking moron. Most of the planet is suffering high-ish
inflation. It is due to the Trump/Putin war in Ukraine.
The US is not doing too bad:
https://tradingeconomics.com/country-list/inflation-rate
Inflation rates are calculated differently country by country.
talking about comparability is spreading misinformation.
<inflation>https://www.whitehouse.gov/briefing-room/statements-releases/2023/06/27/cea-apples-to-apfel-recent-inflation-trends-in-the-g7/
It's now under 3%, which is pretty normal.
Only 50% above target.....but that's normal for dem run gov't.How to lie with statistics. Sure, 3 is 50% more than two, but it's also
just one more.
On Monday, August 14, 2023 at 8:44:27 AM UTC-7, mINE109 wrote:<inflation>
On 8/14/23 10:18 AM, ScottW wrote:
On Monday, August 14, 2023 at 5:44:55 AM UTC-7, mINE109 wrote:
On 8/13/23 7:44 PM, Art Sackman wrote:
On Sunday, August 13, 2023 at 7:13:12 PM UTC-4, Trevor
Wilson wrote:
On 13/08/2023 1:40 pm, ScottW wrote:
ScottW**You fucking moron. Most of the planet is suffering
high-ish inflation. It is due to the Trump/Putin war in
Ukraine.
The US is not doing too bad:
https://tradingeconomics.com/country-list/inflation-rate
Inflation rates are calculated differently country by
country. talking about comparability is spreading
misinformation.
https://www.whitehouse.gov/briefing-room/statements-releases/2023/06/27/cea-apples-to-apfel-recent-inflation-trends-in-the-g7/
How to lie with statistics. Sure, 3 is 50% more than two, but it'sIt's now under 3%, which is pretty normal.
Only 50% above target.....but that's normal for dem run gov't.
also just one more.
Let's calculate how broke Stephen would be if there was only 1 more
percent of inflation every year of his life.
Every dollar he earns today would only be worth 36c compared to what
it would be without that additional 1% of inflation (assuming he's 50
years young....which I doubt)
On 8/14/23 6:29 PM, ScottW wrote:
On Monday, August 14, 2023 at 8:44:27 AM UTC-7, mINE109 wrote:<inflation>
On 8/14/23 10:18 AM, ScottW wrote:
On Monday, August 14, 2023 at 5:44:55 AM UTC-7, mINE109 wrote:
On 8/13/23 7:44 PM, Art Sackman wrote:
On Sunday, August 13, 2023 at 7:13:12 PM UTC-4, Trevor
Wilson wrote:
On 13/08/2023 1:40 pm, ScottW wrote:
ScottW**You fucking moron. Most of the planet is suffering
high-ish inflation. It is due to the Trump/Putin war in
Ukraine.
The US is not doing too bad:
https://tradingeconomics.com/country-list/inflation-rate
Inflation rates are calculated differently country by
country. talking about comparability is spreading
misinformation.
https://www.whitehouse.gov/briefing-room/statements-releases/2023/06/27/cea-apples-to-apfel-recent-inflation-trends-in-the-g7/
How to lie with statistics. Sure, 3 is 50% more than two, but it'sIt's now under 3%, which is pretty normal.
Only 50% above target.....but that's normal for dem run gov't.
also just one more.
Let's calculate how broke Stephen would be if there was only 1 more percent of inflation every year of his life.
Every dollar he earns today would only be worth 36c compared to whatWages and fees go up too.
it would be without that additional 1% of inflation (assuming he's 50 years young....which I doubt)
keep the money spickets flowing
On Tuesday, August 15, 2023 at 5:26:01 AM UTC-7, mINE109 wrote:
Wages and fees go up too.How to lie with statistics. Sure, 3 is 50% more than two, butIt's now under 3%, which is pretty normal.
Only 50% above target.....but that's normal for dem run
gov't.
it's also just one more.
Let's calculate how broke Stephen would be if there was only 1
more percent of inflation every year of his life.
Every dollar he earns today would only be worth 36c compared to
what it would be without that additional 1% of inflation
(assuming he's 50 years young....which I doubt)
Not enough.
You're too stupid to realize why gov't might want to set a higher
target inflation and are inflating propaganda balloons for morons
like you. It's not because it's in your best interest or to protect
or improve your standard of living. It's to deflate gov't debt and
keep the money spickets flowing that dems need to retain power.
On 8/15/23 11:23 AM, ScottW wrote:
On Tuesday, August 15, 2023 at 5:26:01 AM UTC-7, mINE109 wrote:
<inflation>
Wages and fees go up too.How to lie with statistics. Sure, 3 is 50% more than two, butIt's now under 3%, which is pretty normal.
Only 50% above target.....but that's normal for dem run
gov't.
it's also just one more.
Let's calculate how broke Stephen would be if there was only 1
more percent of inflation every year of his life.
Every dollar he earns today would only be worth 36c compared to
what it would be without that additional 1% of inflation
(assuming he's 50 years young....which I doubt)
Not enough.What's "enough"? It's not zero as in the calculation you just argued.
Looking over my bank accounts, instead of the usual interest payments
too small to notice, my Roth is yielding discernible amounts.
You're too stupid to realize why gov't might want to set a higherYou've shown your hand: your criticisms are strictly partisan anti-Democratic attacks.
target inflation and are inflating propaganda balloons for morons
like you. It's not because it's in your best interest or to protect
or improve your standard of living. It's to deflate gov't debt and
keep the money spickets flowing that dems need to retain power.
BTW, "money spickets" = investment = sustained growth
If Republicans provided a similar improvement in the standard of living,
On Tuesday, August 15, 2023 at 10:34:38 AM UTC-7, mINE109 wrote:
On 8/15/23 11:23 AM, ScottW wrote:
On Tuesday, August 15, 2023 at 5:26:01 AM UTC-7, mINE109 wrote:
<inflation>
What's "enough"? It's not zero as in the calculation you justWages and fees go up too.How to lie with statistics. Sure, 3 is 50% more than two,It's now under 3%, which is pretty normal.
Only 50% above target.....but that's normal for dem run
gov't.
but it's also just one more.
Let's calculate how broke Stephen would be if there was only
1 more percent of inflation every year of his life.
Every dollar he earns today would only be worth 36c compared
to what it would be without that additional 1% of inflation
(assuming he's 50 years young....which I doubt)
Not enough.
argued.
It's your premise....you asked for an extra 1% of inflation above
current target.
You offer no proof that that this "Stephen's Inflation" will be
offset by any additional rise in wages. I'm just pointing out your
complete ignorance of the long term impact of even 1% inflation.
Looking over my bank accounts, instead of the usual interest
payments too small to notice, my Roth is yielding discernible
amounts.
Stock markets been on a roll. But if you were in treasuries you
certainly took a big hit the last couple years as your bonds market
values plunged.
Meanwhile....your luxury of a Roth savings account isn't enjoyed by
the millions living paycheck to paycheck who don't have the luxury
of ignoring the harsh bite of inflation on their budgets. You just
want people to suffer while your party rules to no benefit at all for
even you.
You're too stupid to realize why gov't might want to set a higherYou've shown your hand: your criticisms are strictly partisan
target inflation and are inflating propaganda balloons for morons
like you. It's not because it's in your best interest or to
protect or improve your standard of living. It's to deflate gov't
debt and keep the money spickets flowing that dems need to retain
power.
anti-Democratic attacks.
BTW, "money spickets" = investment = sustained growth
If Republicans provided a similar improvement in the standard of
living,
Look at real wages under Trump before covid.
If you ran a Bill Clinton policy of "the era of big gov't is over"
I'd give it full consideration. But I'm not holding my breath.
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