9
0

Inflation Beyond the Stars Thread for April 12


               
2022 Apr 12, 12:49am   209,407 views  1,912 comments

by TheAntiPanicanLearingCenter   follow (9)  

Since we know the numbers are going to suck since Peppermint Patty is leading the Amen Corner Media to blame Putin for it:
https://patrick.net/post/1344548/2022-04-11-putin-s-price-hike-failing-administrati

Frankly, I prefer my spaceship to have big tits and not fake inflated ones.

EDIT - numbers drop:
America goes back to the 80s: Surging gas prices and higher rents push inflation to 41-year high of 8.5% as White House blames it on Putin invading Ukraine
The consumer price index rose 8.5% in March from a year ago, the fastest increase since December 1981
Housing costs, which make up about a third of the index, have escalated and show no signs of cooling
Gasoline prices soared 49% in March from a year ago as the war in Ukraine rocked energy markets
Biden's administration tried to get ahead of the dire inflation news by blaming Russian leader Vladimir Putin
But Republicans place the blame for soaring prices on 'Democrats' reckless spending and failed policies'

https://www.dailymail.co.uk/news/article-10711311/Inflation-soars-new-41-year-high-8-5.html?source=patrick.net

« First        Comments 1,905 - 1,912 of 1,912        Search these comments

1905   Misc   2026 Jan 19, 9:08pm  

RWSGFY says


eah, it's like measuring average body temperature for the whole hospital population to refute claim that some patients have fever and some are currently at 0F (the ones in the morgue).


Nope you got ripped off or believed a car salesman.

2024 Subaru WRX Starting MSRP by Trim:
Base: $32,735
Premium: $34,635 (Manual) / $35,985 (CVT)
Limited: $39,015 (Manual) / $40,565 (CVT)
TR: $41,655 (Manual Only)
GT: $44,215 (CVT Only)

WRX Premium 6MT 11, 12 $35,750 $36,920
WRX Premium SPT 13 $37,100 $38,270
WRX Limited 6MT 21 $40,130 $41,300
WRX Limited SPT 23 $41,680 $42,850
WRX tS 6MT 33 $45,705 $46,875
WRX GT SPT 41 $45,705 $46,875
1906   HeadSet   2026 Jan 20, 6:49am  

RWSGFY says

some are currently at 0F (the ones in the morgue).

Bodies in a morgue are at zero degrees F, as in frozen solid? That would ruin it for the workers who use empty slab drawers to keep their beer cold.
1907   AD   2026 Jan 21, 5:38pm  



1908   Patrick   2026 Jan 21, 7:01pm  

Yes, because an ever larger share of profits goes to owners and an ever smaller share to workers.

This is because of:

1. Outsourcing to China.
2. Insourcing floods of criminal aliens who drive down wages.



1909   AD   2026 Jan 22, 9:45pm  

Annual inflation rate based on PCE is 2.8% and was reported today.

Biden admin averaged 5% annual inflation.

I hope Trump can keep deficits down, like his fiscal management led to the 2025 deficit being no more than the 2024 deficit, and both are similar in regards to not having any national disaster or emergency spending.

If annual inflation stays below 3% then the 10 year Treasury should remains below 4.5% and the 30 year conventional mortgage rate remains at or below 6%
1910   Misc   2026 Jan 22, 10:05pm  

AD says

I hope Trump can keep deficits down, like his fiscal management led to the 2025 deficit being no more than the 2024 deficit, and both are similar in regards to not having any national disaster or emergency spending


It is not up to Trump. - The House passed the last 4 spending bills required to keep the government running. The House put back in most of the spending that Trump tried to nix. Full funding for ICE though. Now it goes to the senate. It'll probably pass there. Then Trump will sign it.
1911   AD   2026 Jan 22, 10:18pm  

Misc says


It is not up to Trump. - The House passed the last 4 spending bills required to keep the government running. The House put back in most of the spending that Trump tried to nix. Full funding for ICE though. Now it goes to the senate. It'll probably pass there. Then Trump will sign it.


I read on Google Gemini that Biden admin spent about $190 in student loan forgiveness, and Trump is stopping all those programs Biden used for that.

The impression I get is Trump approved no student loan forgiveness except for court-mandated discharges which seem no more than $10 billion.

And I read Trump cut 92% of USAID grants and awards.

Google Gemini is stating that the 2025 and 2024 deficits are the same, and that both did not have any major emergency spending like COVID; so it would be the first time since 2000 that the deficit did not increase. I wonder if the belt-tightening by Trump in 2025 is the reason for this.
1912   Misc   2026 Jan 22, 10:51pm  

AD says


I wonder if the belt-tightening by Trump in 2025 is the reason for this


Yep, and big time economic growth. Trump did also have Freddie's and Fannie's balance sheets expand by about $200 billion (held as extra cash).

The Fed should have been lowering rates and inflation expectations, but 92% of Fed employees are Democrats so they will do what they can to hinder Trump. They don't care what damage they do to the country.

Our forefathers started Freddie and Fannie because they fucking didn't trust bankers (hence 30 year fixed rate, non-callable, no pre-payment penalty loans.

They are also massive with unlimited borrowing capacity. Trump is gonna use these institutions to do an end-run around the Fed. As a warning shot to the bond market, Pulte has stated that they will be buying $200 billion in MBS. If the market players don't get on board, expect this effort to ramp up to Trillions of MBS purchased. The Fed should have been doing this already as the spread between the 30year mortgage ond the Fed funds rate was at a historic high. Since Pulte's warning the mortgage rate has already dropped to about 6% (the lowest in 3 years). Expect it to continue to decrease..

Fuck the Fed ! ! !

« First        Comments 1,905 - 1,912 of 1,912        Search these comments

Please register to comment:

api   best comments   contact   latest images   memes   one year ago   users   suggestions   gaiste