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House Racist
pizzashill they/them Subject matter expertise: foid identity extremism  1d ago (cnbc.com) 863 thread views #303681

J powell the god pulls it off

https://www.cnbc.com/2024/09/27/pce-inflation-august-2024.html
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you don't get a pat on the back for cleaning up the shit you took on the floor

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?? how did they take a shit on the floor?

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gee idk maybe by having 0% rates for the last 15 years

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That isnt why the global economy shut down lmao

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it is why we've had 20% inflation in the last 5 years.

you cant blame it on covid bc the fricking rates were already basically 0 before covid even happened

it's been that way since fricking 2008

https://i.rdrama.net/images/17274595418381565.webp

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No it literally isnt.

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yes it literally is.

when you have 0% interest rates for a decade and the money printer goes brrr it drives inflation.

this creates bubbles in the economy - which is reflected in things like the inflated prices in the housing market.

which im sure you're well aware of. or maybe you aren't, i'm not sure if other people are still paying your rent for you.

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BIPOC we had 0% interest rates with low inflation for years, the trigger was very clearly a global economic crisis and supply chains collapsing.

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If that's true then why are things more expensive then they were 6 years ago.

If the problem was simply supply chains, then prices would reset after the supply chains are repaired lol

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Pretty sure it was the global economy shutting down driving most inflation.

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Wait, who shut down the economy?

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