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Here we go, inflation comes in at 7.7%

jcpro

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Jan 31, 2014
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The "official" rate comes in at 7.7%. That means the real rate is at around 15% and we will need interest rates jump to about 20% to douse it. But, hey it's a global problem so we don't have to do anything. Like the budget, it will fix itself. Like father like son.
 

dirtydaveiii

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Mar 21, 2018
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The "official" rate comes in at 7.7%. That means the real rate is at around 15% and we will need interest rates jump to about 20% to douse it. But, hey it's a global problem so we don't have to do anything. Like the budget, it will fix itself. Like father like son.
One thing I do not understand about you and your fellow Trumpists is that you would rather have everyone suffer just so you can claim your guy was better. Seems pretty masochistic to me.
 

jcpro

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Jan 31, 2014
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One thing I do not understand about you and your fellow Trumpists is that you would rather have everyone suffer just so you can claim your guy was better. Seems pretty masochistic to me.
Here, something you can understand

 

dirtydaveiii

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Mar 21, 2018
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The "official" rate comes in at 7.7%. That means the real rate is at around 15% and we will need interest rates jump to about 20% to douse it. But, hey it's a global problem so we don't have to do anything. Like the budget, it will fix itself. Like father like son.
I guess starting a tariff war with the country that makes most of your goods really wasn't that good of an idea. What in the fuck did the GOP expect to happen? Raise taxes on most imported goods = inflation
 

jcpro

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Jan 31, 2014
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I guess starting a tariff war with the country that makes most of your goods really wasn't that good of an idea. What in the fuck did the GOP expect to happen? Raise taxes on most imported goods = inflation
see post #3
 
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dirtydaveiii

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The sad part is
I guess starting a tariff war with the country that makes most of your goods really wasn't that good of an idea. What in the fuck did the GOP expect to happen? Raise taxes on most imported goods = inflation
Guaranteed if the twice impeached two time loser was in charge the CPI would need to be immediately revamped to meet what's important to modern Americans like milenias NFTs and Trumps autographed pictures. Problem solved : deflation!
 

Frankfooter

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Apr 10, 2015
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The "official" rate comes in at 7.7%. That means the real rate is at around 15% and we will need interest rates jump to about 20% to douse it. But, hey it's a global problem so we don't have to do anything. Like the budget, it will fix itself. Like father like son.
So that's Biden's fault, right?
 

dirtydaveiii

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Mar 21, 2018
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Typical dumb thread trying to blame Trudeau for something he has little impact on. Just like the freedumb protests blaming Trudeau for provincial health mandates.
It's funny how these people that are a minority pf the population keep crying blue murder because the leaders who the majorities voted for don't have a pocket full of magic beans to cure all problems
 

HEYHEY

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Nov 25, 2005
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Typical dumb thread trying to blame Trudeau for something he has little impact on. Just like the freedumb protests blaming Trudeau for provincial health mandates.
You can't possible be that ignorant, no impact ?
The Trudeau government spending has gone out of control. Canada as a country in almost 160 years accumulated approximately 700 billion dollars of debt, Mr Dressup and his incompetent cabinet that he selected based on sex and not merit has accumulated almost 400 billion in 2 years lol
2 FUCKEN YEARS lol

The budget will not balance itself, and inflation is gonna head to the moon. The 7.7 % is a bullshit number that is laughable if you look into how it's calculated. Real number is around 20%+

What we are facing currently and the pain waiting for us in the future is not a result of Russia, it is the incompetence of our woke government.

But hey everyone, look at those cool socks

 
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jcpro

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Jan 31, 2014
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Typical dumb thread trying to blame Trudeau for something he has little impact on. Just like the freedumb protests blaming Trudeau for provincial health mandates.
You can't be that ignorant...
 

jcpro

Well-known member
Jan 31, 2014
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It's funny how these people that are a minority pf the population keep crying blue murder because the leaders who the majorities voted for don't have a pocket full of magic beans to cure all problems
That's the problem with you lefties- you think that basic economic principles are "magic".
 

Frankfooter

dangling member
Apr 10, 2015
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That's the problem with you lefties- you think that basic economic principles are "magic".
The problem with right wingers is that they are always trying to blame the left wing for things outside their control.
So its Biden and Trudeau's fault that there was a pandemic and then oil prices rose.
 

james t kirk

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Aug 17, 2001
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Mark Carney needs to become the liberal leader.

Because at least he has enough brains to understand "monetary policy" and that budgets don't balance themselves.

Now if they can only figure out a way to jettison Justin (and the bobble-headed Finance Minister) before it's too late.
 

jcpro

Well-known member
Jan 31, 2014
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The problem with right wingers is that they are always trying to blame the left wing for things outside their control.
So its Biden and Trudeau's fault that there was a pandemic and then oil prices rose.
It's the fault of the magicians because only magic can fix it. Joe should uncancel David Copperfield.
 

rhuarc29

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Apr 15, 2009
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I don't believe it'll require 20%, but they absolutely did let inflation get away from them, and their "relief" programs will make it worse. So if they don't get their heads out of their asses soon, we may have to crank it up into the high single digits. The problem with that is that it could trigger a lot of nasty surprises we've brewed up over the last two decades: explosive consumer and government debt, a housing bubble, and excessive and underfunded entitlements right as the baby boomers are retiring.

It's really quite appalling how much our government has let us down since the mid 2000s. I can never quite understand why the important issues to voters aren't the economic timebombs we've been constructing....
 

Frankfooter

dangling member
Apr 10, 2015
79,760
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I don't believe it'll require 20%, but they absolutely did let inflation get away from them, and their "relief" programs will make it worse. So if they don't get their heads out of their asses soon, we may have to crank it up into the high single digits. The problem with that is that it could trigger a lot of nasty surprises we've brewed up over the last two decades: explosive consumer and government debt, a housing bubble, and excessive and underfunded entitlements right as the baby boomers are retiring.

It's really quite appalling how much our government has let us down since the mid 2000s. I can never quite understand why the important issues to voters aren't the economic timebombs we've been constructing....
This round of inflation is different from previous rounds. Oil, food and supply issues. None of which can be changed through interest rates.
So you could speed the transition to renewables, like the EU is doing.
Not much you can do about food costs or supply chain issues.
 

jcpro

Well-known member
Jan 31, 2014
24,673
6,836
113
I don't believe it'll require 20%, but they absolutely did let inflation get away from them, and their "relief" programs will make it worse. So if they don't get their heads out of their asses soon, we may have to crank it up into the high single digits. The problem with that is that it could trigger a lot of nasty surprises we've brewed up over the last two decades: explosive consumer and government debt, a housing bubble, and excessive and underfunded entitlements right as the baby boomers are retiring.

It's really quite appalling how much our government has let us down since the mid 2000s. I can never quite understand why the important issues to voters aren't the economic timebombs we've been constructing....
Why? Because a lot of people benefited from the RE bubble, near zero interest rates, 2 years of covid handouts while doing nothing, "free" services and programs, etc. Most of all because economics is boring and the notion that the good times are a natural state of affairs unlikely to change. And here we are...
 
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