Inflation to be "Extraordinarily Elevated" due to Putin's price hike.

[Doctor Phibes]

I don't know why they aren't more honest. If they need something to blame this has a lot more to do with the pandemic than Putin.

[Jolly]

The pandemic is over. Ain't you paying attention?

[George K]

@Doctor-Phibes said in Inflation to be "Extraordinarily Elevated" due to Putin's price hike.:

I don't know why they aren't more honest.

Silly Phibes, they're politicians. It's in their blood to lie and divert.

If they need something to blame this has a lot more to do with the pandemic than Putin.

[Doctor Phibes]

@Jolly said in Inflation to be "Extraordinarily Elevated" due to Putin's price hike.:

The pandemic is over. Ain't you paying attention?

Even if it were, which obviously it isn't, the inflation is the result of stuff that started happening in 2020. Some of Biden's policies clearly haven't helped, but this is a global phenomenon.

[George K]

@Doctor-Phibes said in Inflation to be "Extraordinarily Elevated" due to Putin's price hike.:

Even if it were, which obviously it isn't, the inflation is the result of stuff that started happening in 2020.

Yes, that's what @jon-nyc has pointed out. So, what's the current administration done since they took control to stop it?

[Doctor Phibes]

@George-K said in Inflation to be "Extraordinarily Elevated" due to Putin's price hike.:

@Doctor-Phibes said in Inflation to be "Extraordinarily Elevated" due to Putin's price hike.:

Even if it were, which obviously it isn't, the inflation is the result of stuff that started happening in 2020.

Yes, that's what @jon-nyc has pointed out. So, what's the current administration done since they took control to stop it?

Anything they do that actually slows inflation is likely to be very unpopular with pretty much everybody. Much easier to blame Putin.

[Klaus]

Interestingly, inflation is WAY lower in Japan.

I shifted a few investments there.

[George K]

@Doctor-Phibes said in Inflation to be "Extraordinarily Elevated" due to Putin's price hike.:

Anything they do that actually slows inflation is likely to be very unpopular with pretty much everybody. Much easier to blame Putin.

To paraphrase a saying. "It's gonna hurt. The only question is whether it's gonna hurt a lot now, or hurt a lot MORE later."

[LuFins Dad]

@Klaus said in Inflation to be "Extraordinarily Elevated" due to Putin's price hike.:

Interestingly, inflation is WAY lower in Japan.

I shifted a few investments there.

I would do the opposite.

[Horace]

@Klaus said in Inflation to be "Extraordinarily Elevated" due to Putin's price hike.:

Interestingly, inflation is WAY lower in Japan.

I shifted a few investments there.

Isn't that the place where the stock market hasn't gone up in a couple generations?

[Klaus]

@Horace said in Inflation to be "Extraordinarily Elevated" due to Putin's price hike.:

@Klaus said in Inflation to be "Extraordinarily Elevated" due to Putin's price hike.:

Interestingly, inflation is WAY lower in Japan.

I shifted a few investments there.

Isn't that the place where the stock market hasn't gone up in a couple generations?

Which is exactly why it will now!

[Axtremus]

Just local observations … yeah, March’s inflation numbers will look bad when reported in April, but just by looking at grocery and gasoline prices, it looks like they are coming down lately. Deals and discounts are back in groceriy stores, and most gas stations have dialed gasoline prices back down. :man-shrugging:

[89th]

@George-K said in Inflation to be "Extraordinarily Elevated" due to Putin's price hike.:

@Doctor-Phibes said in Inflation to be "Extraordinarily Elevated" due to Putin's price hike.:

Anything they do that actually slows inflation is likely to be very unpopular with pretty much everybody. Much easier to blame Putin.

To paraphrase a saying. "It's gonna hurt. The only question is whether it's gonna hurt a lot now, or hurt a lot MORE later."

Yes inflation is 2020/pandemic driven, mostly. Also, global. The only way to stop it now in the US now is to hike rates and kill the economy. While this ties in this @xenon ’s recent thread, Biden knows it’ll also kill the Democratic Party for a good 4-10 years. I call that a win win btw, @Larry and @Jolly despite what you think of me lol

[LuFins Dad]

@89th said in Inflation to be "Extraordinarily Elevated" due to Putin's price hike.:

@George-K said in Inflation to be "Extraordinarily Elevated" due to Putin's price hike.:

@Doctor-Phibes said in Inflation to be "Extraordinarily Elevated" due to Putin's price hike.:

Anything they do that actually slows inflation is likely to be very unpopular with pretty much everybody. Much easier to blame Putin.

To paraphrase a saying. "It's gonna hurt. The only question is whether it's gonna hurt a lot now, or hurt a lot MORE later."

Yes inflation is 2020/pandemic driven, mostly. Also, global. The only way to stop it now in the US now is to hike rates and kill the economy. While this ties in this @xenon ’s recent thread, Biden knows it’ll also kill the Democratic Party for a good 4-10 years. I call that a win win btw, @Larry and @Jolly despite what you think of me lol

BS, @89th Yes, there is inflation everywhere, but the EU’s rate is almost half of the US. If the Pandemic was the only driver, then inflation would be more similar instead of the US rate being twice the rest of the world. In addition, part of the cause of the EU inflation IS US inflation. Sorry for the US Centric view, but in a global economy when the largest economy in the world has a problem, the rest of the world feels it, too.

Also, some of the causes do go back to the Trump Administration and I do firmly put some of the blame on them (more on Congress, though), but the last thing we needed at this point was an administration that has tried to keep the pedal down on the spending while 1) laughing and dismissing inflation then 2) blaming the private sector for “profiteering” then 3) saying it’s an opportunity and finally 4) blame Putin. If this was a Putin issue, the inflation would be higher in the EU than the US.

[LuFins Dad]

@George-K said in Inflation to be "Extraordinarily Elevated" due to Putin's price hike.:

@Doctor-Phibes said in Inflation to be "Extraordinarily Elevated" due to Putin's price hike.:

Anything they do that actually slows inflation is likely to be very unpopular with pretty much everybody. Much easier to blame Putin.

To paraphrase a saying. "It's gonna hurt. The only question is whether it's gonna hurt a lot now, or hurt a lot MORE later."

Why slow it? Our National Debt just went down effectively 5%!

[Jolly]

BTW, by 1980's standards, our inflation for The Resident's time in office exceeds 14%.

You know you're in trouble when Al Sharpton starts complaining about "limousine liberals" in Washington not having any sympathy for what inflation is doing to the average guy on the street. ..

[George K]

Biden speaks on inflation.

Here's the plan.

[Mik]

[Larry]

@Axtremus said in Inflation to be "Extraordinarily Elevated" due to Putin's price hike.:

Just local observations … yeah, March’s inflation numbers will look bad when reported in April, but just by looking at grocery and gasoline prices, it looks like they are coming down lately. Deals and discounts are back in groceriy stores, and most gas stations have dialed gasoline prices back down. :man-shrugging:

That post didn't age well, did it.......

[Mik]

Not too well, no.