President Joe Biden - Kamala Harris Administration

[Sea Ray]

Hey, we reached herd immunity on COVID yet?

Maybe. It's certainly not a problem in my area

 

[Sea Ray]

He clearly said "I'm not confirming or denying who's under investigation". How can someone come out on Twitter and say that Wray confirmed that Biden is under investigation?

 

[BowlBrother85]

Awesome. When you don’t take into account food, housing, energy costs, etc it’s easier to skew the numbers. The prices we see everyday aren’t dropping a cent.

Inflation is cooling. That can't be denied ... and food is factored into the CPI. The right-wing echo chamber will forever talk out its butt on here.

 

[Sea Ray]

Inflation is cooling. That can't be denied ... and those things you mentioned are factored into the equation. The right-wing echo chamber will forever talk out its butt on here.

Inflation was never going to hover close to 10% for long. To say it's cooling isn't big news

 

[volfanhill]

Awesome. When you don’t take into account food, housing, energy costs, etc it’s easier to skew the numbers. The prices we see everyday aren’t dropping a cent.

No they aren't dropping a cent. By definition they went up 3 cents

 

[BowlBrother85]

Inflation was never going to hover close to 10% for long. To say it's cooling isn't big news

Not the point at all. Read my post in context with the crap that I was replying to. You guys talk out of your butts.


Inflation cooled in June to slowest pace in more than 2 years


None of you have ever shown a command of what causes inflation, or of how to slow it ... much less an understanding of the Consumer Price Index.

 

[BowlBrother85]

No they aren't dropping a cent. By definition they went up 3 cents

That's not necessarily true.

Some consumer goods are dropping in price ... while others are still on the rise. The CPI is a composite average measurement of trends in the prices of consumer products, with the quality of the products being held at a constant.

 

[C-south]

Inflation is cooling. That can't be denied ... and food is factored into the CPI. The right-wing echo chamber will forever talk out its butt on here.

Then it’s a lie because the price of food has become ridiculous and it isn’t dropping. A lot of s*** I see has doubled or nearly doubled in price.

 

[BowlBrother85]

Most everyone follows football recruiting on here ... so think of it this way :

if Tennessee was to receive commitments from five 3 star players this week, their composite average on 247 will drop dramatically ... but that doesn't mean that the rating of a previous commitment has dropped. It just means that the composite team average has dropped.

 

[BowlBrother85]

Then it’s a lie because the price of food has become ridiculous and it isn’t dropping. A lot of s*** I see has doubled or nearly doubled in price.

You don't know what you're talking about. The Consumer Price Index does factor in food. Some food products are still on the rise, or holding steady ... while some products are dropping. I'm sorry, but you clearly don't understand what the CPI measures. And the term cooling doesn't necessarily mean that any prices are dropping. It means that they are increasing, but at a lower rate than before.

 

[C-south]

You don't know what you're talking about. The Consumer Price Index does factor in food. Some food products are still on the rise, or holding steady ... while some products are dropping. I'm sorry, but you clearly don't understand what the CPI measures.

Which ones are dropping? I know what I see and don’t give a s*** about the CPI.

 

[EasternVol]

Inflation is cooling. That can't be denied ... and food is factored into the CPI. The right-wing echo chamber will forever talk out its butt on here.

When a house burns to the ground the ashes eventually cool too. But the house is still burnt.

 

[BowlBrother85]

Which ones are dropping? I know what I see and don’t give a s*** about the CPI.

The CPI is the instrument to measure inflation. It's hard to discuss inflation without mentioning the CPI.

You aren't wrong if you say that the composite average of prices is still on the rise. That is accurate ... but the rate of the increase is slowing ... and that is because the price of some goods are either rising - but at a slower rate than before - while the prices of other goods are either holding steady or dropping.

 

[BowlBrother85]

When a house burns to the ground the ashes eventually cool too.

WTF?

 

[EasternVol]

WTF?

That's an easy one. Meaning: the damage is done, grasshopper.

 

[AM64]

WTF?

The economic damage remains.

 

[BowlBrother85]

That's an easy one. Meaning: the damage is done, grasshopper.

You don't think an economy the size of the United States can recover from a period of high inflation ... or even a period of stagflation? Have you ever studied economics on the macro level?

 

[EasternVol]

You don't think an economy the size of the United States can recover from a period of high inflation ... or even a period of stagflation? Have you ever studied economics on the macro level?

The economy as a whole can eventually recover. The many individuals adversely affected may or may not.
Yes I took some Macro courses as part of my Econ major at UT.

 

[C-south]

You don't think an economy the size of the United States can recover from a period of high inflation ... or even a period of stagflation? Have you ever studied economics on the macro level?

So what are the inept clowns you love doing to help us recover? Student loan bailouts? Endless Ukraine funding? Reparations? Adding 80k irs agents? Banning energy efficient appliances? I’m sure I’m leaving plenty out.

 

[AM64]

You don't think an economy the size of the United States can recover from a period of high inflation ... or even a period of stagflation? Have you ever studied economics on the macro level?

The country as a whole will weather it, but some individuals and some businesses won't. All the programs the government puts in play to mitigate the effects have a cost ... inflation and debt.

 

[BowlBrother85]

The economy as a whole can eventually recover. The many individuals adversely affected may or may not.
Yes I took some Macro courses as part of my Econ major at UT.

Then you studied the hyperinflation during the German Weimar Republic from 1921 to 1923. Yes, an economy the size of the United States can easily recover from a period of high inflation.

 

[AM64]

The economy as a whole can eventually recover. The many individuals adversely affected may or may not.
Yes I took some Macro courses as part of my Econ major at UT.

You're staying a step ahead. Since UT wouldn't let me take business courses as non technical electives (engineering major), I just loaded up on economics rather than a lot of stuff taught by the liberal arts people. I've got mixed feelings about the accuracy of economics, but it does explain some stuff pretty well.

 

[EasternVol]

Then you studied the hyperinflation during the German Weimar Republic from 1921 to 1923. Yes, an economy the size of the United States can easily recover from a period of high inflation.

Does that mean we need a putsch to go full fascist, militarize to the extreme, eliminate our minorities, invade our neigbors, get totally destroyed, and then rebuild to get that recovery?
Maybe there's a better example.

 

[EasternVol]

You're staying a step ahead. Since UT wouldn't let me take business courses as non technical electives (engineering major), I just loaded up on economics rather than a lot of stuff taught by the liberal arts people. I've got mixed feelings about the accuracy of economics, but it does explain some stuff pretty well.

I'm surprised they wouldn't let you.

 

[C-south]

Does that mean we need a putsch to go full fascist, militarize to the extreme, eliminate our minorities, invade our neigbors, get totally destroyed, and then rebuild to get that recovery?
Maybe there's a better example.

Are the cattle cars EV?