American Economics Thread

[Dolcevita]

In addition to rising prices, one of the main reasons for the big annual gain was because of base effects, meaning inflation was very low at this time in 2020 as the Covid-19 pandemic caused a widespread shutdown of the U.S. economy. Year-over-year comparisons are going to be distorted for a few months because of the pandemic’s impact.

For that reason, Federal Reserve policymakers and many economists are dismissing the current round of numbers as transitory, with the expectation that inflation settles down later this year around the 2% range targeted by the central bank.

Perfect time for China to raise price without most anyone noticing. Just say it is transitory.

 

[voyager1]

If the whole world's a little poorer during a pandemic, so what?

Disgusting statement
From your posts I get the feeling that you are living a comfortable life.

Let me tell you then, that poor people are struggling day in day out, to bring some food to the table and feed their families.

I am personally (obviously) not as wealthy as you and I have noticed food prices, electronics, construction items, petrol etc becoming more expensive.

It really speaks of your privilege of being welathy that you speak that the world can get poorer and "so what"?

Reported and from now I will put you to the ignore list.

Blatant disrespect for the poor people of the world

If the whole world's a little poorer during a pandemic, so what?

 

[manqiangrexue]

From your posts I get the feeling that you are living a comfortable life.

Let me tell you then, that poor people are struggling day in day out, to bring some food to the table and feed their families.

I am personally (obviously) not as wealthy as you and I have noticed food prices, electronics, construction items, petrol etc becoming more expensive.

It really speaks of your privilege of being welathy that you speak that the world can get poorer and "so what"?

Reported and from now I will put you to the ingore list.

Blatant disrespect for the poor people of the world

I'm not wealthy at all. I'm just not an idiot at managing money. I don't buy things I don't need whenever I have extra money, I have savings that I accumulate every year and I shop for the best prices; I hardly ever pay retail for anything. I use a $50 1 year old LG smartphone I got second hand with an MSRP of $400 and found the only place in town to get milk for $1.18 a gallon. Things like this amplify my disposable income often more than double. I've noticed rising prices too and they instill no sense of panic at all because they are very manageable for people who don't blow every dime they earn when they earn it.

 

[In4ser]

In addition to rising prices, one of the main reasons for the big annual gain was because of base effects, meaning inflation was very low at this time in 2020 as the Covid-19 pandemic caused a widespread shutdown of the U.S. economy. Year-over-year comparisons are going to be distorted for a few months because of the pandemic’s impact.

For that reason, Federal Reserve policymakers and many economists are dismissing the current round of numbers as transitory, with the expectation that inflation settles down later this year around the 2% range targeted by the central bank.

You shouldn't trust anything the Fed says just because it's supposedly independent of the US government. If they truly are worried about inflation then they will lie. If the Fed tells everyone there is inflation, people will blame them but more importantly, this will cause people to start panic buying which will put even more money into the economy and a bad situation even worse.

 

[voyager1]

You shouldn't trust anything the Fed says just because it's supposedly independent of the US government. If they truly are worried about inflation then they will lie. If the Fed tells everyone there is inflation, people will blame them but more importantly, this will cause people to start panic buying which will put even more money into the economy and a bad situation even worse.

Correct. These people live in a dream land.

My first question to people saying about transitory inflation is this:

Have you ever seen corporations lowering their prices? So what makes you believe that after the whole covid thing, the corporations will say, "oh great, some costs have been slightly reduced, so I will lower my prices because I am a good Samaritan and dont like money"?

 

[manqiangrexue]

Correct. These people live in a dream land.

My first question to people saying about transitory inflation is this:

Have you ever seen corporations lowering their prices? So what makes you believe that after the whole covid thing, the corporations will say, "oh great, some costs have been slightly reduced, so I will lower my prices because I am a good Samaritan and dont like money"?

Those people who think that the US economy is just going to collapse on itself are living in the dream land. It's a strong economy and it will revive despite all the little hiccups and speed bumps; China's victory doesn't depend on America failing but in China being even more successful. Follow that link I sent for a few months and it will prove itself that the inflation was transitory, like it does every time.

Corporations generally don't lower their prices but society grows and develops around it nonetheless. Corporations have been raising and raising their prices from the beginning of modern economics and economies around the world have grown around it and made their citizens wealthier all the same. There's nothing new here, just some temporary trouble like in every recession.

 

[KYli]

Transitory is now a trend word. Love how MSM and CIA could always change the goalposts and steer the conversation.

 

[Tyler]

Perfect time for China to raise price without most anyone noticing. Just say it is transitory.

China should be jacking up the RMB and raising the prices on steel exports. That would push up inflation in the US, result in the rise of interest rates and fall in stock markets.

 

[KYli]

Every articles now use the word "Transitory".

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[siegecrossbow]

Those people who think that the US economy is just going to collapse on itself are living in the dream land. It's a strong economy and it will revive despite all the little hiccups and speed bumps; China's victory doesn't depend on America failing but in China being even more successful. Follow that link I sent for a few months and it will prove itself that the inflation was transitory, like it does every time.

Corporations generally don't lower their prices but society grows and develops around it nonetheless. Corporations have been raising and raising their prices from the beginning of modern economics and economies around the world have grown around it and made their citizens wealthier all the same. There's nothing new here, just some temporary trouble like in every recession.

I’ve heard an analysis state that Trump messed with the job numbers during his presidency and left a hole so big that Biden needs to fill it without arousing suspicions. Even so, the most recent job numbers doesn’t actually represent how bad the situation really is.