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That graph would be better if it was compared to income growth.
six years after the Great Panic of 2008, the world still faces deflationary headwinds.
That graph would be better if it was compared to income growth.
Goalposts: moved.
income growth for the 1% is wonderful
For the avg household, income is DOWN 10%+ in real terms since the Repugs took office in 2001.
The 1% were screaming their LIE about "hyper inflation" because as creditors/lenders, they lose to inflation, while debtors win.
iow, and as always, the 1%/corps/VRWC have nothing but LIES provoking paranoia, fear, hate.
Last edited by boutons_deux; 10-20-2014 at 01:25 PM.
this thread
Parker2112 was good for laughs.
Still failed.
Good commentary by someone who has gotten a lot closer than Mr. Lira at predicting the general course we have taken since 2010:
http://www.theautomaticearth.com/deb...yperinflation/
My favorite poster ever tbh.
hyper-inflation? VRWC/1%/Repugs were wrong!
Obamacare destroy America? VRWC/1%/Repugs were wrong!
Social Security disaster? VRWC/1%/Repugs were wrong!
Privatize SS? VRWC/1%/Repugs were wrong! (rejected by America)
Defaulting on US bonds no problem? VRWC/1%/Repugs were wrong!
Cutting Taxes pays for itself? VRWC/1%/Repugs were wrong!
Cutting taxes creates jobs? VRWC/1%/Repugs were wrong!
the debt and deficit are fixed by AUSTERITY? VRWC/1%/Repugs were wrong!
Cutting unemployment forces people to work? VRWC/1%/Repugs were wrong! (eg: North Carolina)
Contraception is abortion? VRWC/1%/Repugs were wrong!
Gay marriage destroys hetero-marriage AND America? VRWC/1%/Repugs were wrong!
etc, etc, etc.
The ing VRWC/1%/Repugs ARE ALWAYS WRONG!
Still waiting sporto.
No hyper inflation yet.
Wow.
Something we agree on.
Yes...
Where is this hyperinflation?
hyperinflation destroying the country?
national debt destroying the country and for generations? Who will think of the grandkids?
Obamacare destroying jobs and the country?
Social Security is bankrupt and $Ts must be transferred to Wall st?
Public schools are garbage and must be privatized?
Repugs, BigCorp, VRWC, 1% have nothing but self-serving propaganda and LIES. They don't give a about the 99% or America.
Yearly check in.
No hyperinflation yet.
nvm.
The Bankers' Fed still making noises about raising interest rates because the (fake) unemployment rate too low, so Fed must kill 100Ks jobs to get that unemployment rate up.
Stupendous wage growth is pushing up the inflation rate!
2018..
no hyperinflation yet.
LOL OP
12 years after, looks about as good for "hyperinflation". If not worse.
Deflation appears to be the scary monster short term.
US GDP shrank 4.8% in the first quarter amid biggest contraction since the financial crisis
- GDP in the first quarter contracted 4.8%, compared to estimates of a 3.5% drop, the Bureau of Economic Analysis reported Wednesday.
- This was the first negative reading since the first quarter of 2014, though not as bad as the worst of the financial crisis.
- Economists expect the Q1 reading to decline even more when the final revisions are issued.
https://www.cnbc.com/2020/04/29/us-gdp-q1-2020-first-reading.html
Michael Hudson regards it as one big recession. The real economy never recovered after 2009. Financialization raped the commons and extracted fees from a prostate and helpless public, but the financial house of cards wasn't resilient enough to weather a pandemic. In 2020.
This bailout differs in scale, not kind. Sorry to say, I don't think it will work so well this time either. Too donor facing.
If there's one spooky feature, it's BlackStone running the Fed lending facilities.
Yearly check in. No hyperinflation yet.
Some are predicting it tho. Roaring 20's two point oh.
Two months at the beginning of the end of US COVID restrictions isn't enough to establish a trend, and the conditions are anything but normal. Consider where the economy was one year ago, a 5% YoY e in inflation might be considered a measure of rude good health.
See also the WSJ article I posted a couple of days ago about US companies failing to make capital expenditures over the last ten years ( o, stock buybacks) sufficient to allow them to rebound quickly, thereby putting a s ch in productive capacity and goosing prices in the short term.
Last edited by Winehole23; 06-11-2021 at 09:12 AM.
Right off the bat we got a $1 a gallon increase in the price of gasoline after mother er Biden stole the election. But that is SOP when a Democrat seizes control of the government...like in' clockwork. Right afterward we're flooded with segments on CNN/MSNBC where they'll find some Republican who states:::"I am a republican, a life long republican and frankly I am not mad about the increase in gas prices even though I'm a republican, a lifelong republican in fact. It makes sense and is good for the global warming that affects all of us, republican, which I am one all my life and the Democrats."
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