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Interest ratesCPI is at the highest level in 40 years but its cool cause the worst affected segments are all non-essential shit like raw materials, food and fuel . -
The s are closing their ports down to achive "Dinamic-social zero covid with chinese characteristics"
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And westoid leaders unironically think that banning russian oil & gas imports might unironically be a good idea.
The world is shit and its about to get a whole lot shittier but I couldnt be happier because Im sharing it with you guys and we are about to witness unprecedented levels of seethe together. I love every single one of you
And remember, if news about funny numbers push you to , you probably weren't cut out for this world anyways. Just remember to shout out freeghettohoes.biz in your murder-suicide livestream, its your civic duty
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Stop being a doomer.
The economy nerds will fix it
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The economy nerds spent 2020 declaring that we can print as much money as we want with no inflationary consequences
Current hyperfixation:
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The money printing has little to do with the global inflation we're seeing.
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You are actually brain dead omg
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I'm not is the thing, that's actually the pretty standard consenus.
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https://fred.stlouisfed.org/graph/?g=KplI
Consensus among politicians?
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No, economists from what I've seen.
Idk why people are so fundamentally incapable of accepting why we're seeing global inflation.
It's like the gas price stuff where people just straight up deny reality and claim the government is preventing drilling.
Even if we decided to ignore the real cause for most inflation, what was the alterative with unemployment hitting 17%?
Let the economy tank?
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Which analysts are you subscribed to? JPM? MS? Credit Suisse? (Lol)
You can drop the act, everyone knows youβre full of shit here
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I mean it seems like you are and kind of just mad about tbh.
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The thing is, Daddy was so intent on being re-elected, saving the economy wasn't enough. It needed to appear to be booming ( because he was a business man doing business) so he told JPow to open the floodgates. And so the major indexes mooned while GDP went to shit and the budget deficit ballooned. But hey, SPY is the economy, right?
This is nothing like the gas price stuff where people just straight up deny reality. Supply chains aren't perfect, but they're not the "real cause of inflation". Happy to read your sources tho.
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https://libertystreeteconomics.newyorkfed.org/2022/01/the-global-supply-side-of-inflationary-pressures/
For example. Like I'm not saying the stimulus had no impact, but supply chains and oil are probably much bigger factors.
Obviously Trump and his attempts to superheat the economy for short term political gain is relevant too.
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FYI this is earlier than Daddy. This goes back to
BernankGreenspan and no politician since has the balls to do what is right.Jump in the discussion.
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lol
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Let me tell you why the stimulus is the primary factor in the global inflation we're seeing and why supply chains, pooled demand, sector specific deflation, and oil are not real.
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I donβt care what you think is real.
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I've seen the standard consensus that this is just the Putin price hike.
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Yeah yeah it's the supply chains and oil frickery/downstream effects of the oil frickery but I find it fun to connect it to the money printing because I do not respect macroeconomics as a science and normies aren't really capable of grokking either explanation
Current hyperfixation:
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Even then we have to consider sector spedific deflation - like in travel/tourism and then the rapid inflation that followed demand sky rocketing.
The chip shortages pre-date the pandemic even and were made much worse.
The cost of raw materials started sky rocketing due to trade wars before the pandemic.
My uncle runs a large construction company and was sperging over wood in 2018.
My step dad works in logistics and was sperging and claiming a shit show was coming in 2018, before the pandemic.
Like idk why people are so obsessed with the stimulus.
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I still hear ppl saying βpeople donβt want to work anymore, the government pays them too much.β
The stimulus was forever ago like what. Lotta shitty businesses donβt want to accept Amazon is preferable to working for them.
Follower of Christ Tech lover, IT Admin, heckin pupper lover and occasionally troll. I hold back feelings or opinions, right or wrong because I dislike conflict.
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Exactly lol. No business paying fair market wages is struggling to find workers.
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Yeah I had overheard a lady saying she had to halt her cleaning business b/c people βdidnβt want to work β¦ wanted to be paid $20/hrβ and βthat wasnβt going to happenβ¦β I mean it sure sounds like it did???
Follower of Christ Tech lover, IT Admin, heckin pupper lover and occasionally troll. I hold back feelings or opinions, right or wrong because I dislike conflict.
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Of course it did lol. The reality is gig work has put a ton of pressure on traditional low end jobs. Why go work for some r-slur for poverty wages when you can uber/dash, make more, not have a boss, and set your own hours?
The reality is these people cannot accept their poverty wages aren't gonna cut it anymore.
We're witnessing a revolution in which plebes, sick of being exploited, are just telling the small business tyrant class to frick off.
Which is ironic given the hatred the gig economy got from the media despite being a far better work environment on average.
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I actually remember a lot of people sperging about lumber not too long ago. Ben shapiro bought like a single piece for 60 bucks or something
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I'm just glad to see he is still capable of acquiring wood.
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Check the diff between stinulus and quantitative easing.
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Because it's a simple explanation and people here are very simple minded.
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Based
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The stimulus had some effect on inflation, lol. It's just not even close to the primary factor.
There's some weird mythology about inflation r-slurs have beat into society that states "inflation is only when you print money" and they'll just edit out every other factor.
For example what is pooled demand? People not spending money during the pandemic due to businesses being closed, anxiety about the future?
What about supply chains?
What about oil?
How much of the inflation is a correction in sector specific deflation?
This isn't even getting into the fact the alterative to the stimulus was economic collapse with unemployment hitting 17%
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It's going to be 2030 and you're still gonna be spewing about temporary supply chain issues being the only cause of inflation. Just give it up already.
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Don't think I said supply chains were the only issue but ok.
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Another totally unr-slurred take from pizzashill , how long can he keep this up @NoEntiendoMas ?
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Just basic reality lol.
The biggest threat we're facing right now is the fed overreacting to inflation via political pressure and causing a recession.
A lot of the things currently causing inflation are problems that will be corrected over time.
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How many weeks do you think it'll take?
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Hard to say tbh, I'd expect it to start leveling out by 2023.
The feds need to strong arm the oil industry.
This bullshit "we'll only increase production by 0-5% no matter the price of oil" drivel is blatantly political.
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Yeah it's kinda BS given the subsidies we give them. We should honestly just make the oil subsidies conditional on raising production. They'd change their tune, they're not dumb.
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One of them literally openly said this shit lol. He was on fox business declaring they were locked into 0-5% production no matter the price per barrel.
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Hi @collectijism,
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@Sal help us out here?
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@Sal you absolutely useless stupid femboy shark get the frick in here and SAY THE FRICKING LINE itβs been thirteen hours
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He's grassed Im afraid
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@Sal Iβm so sorry. I had no idea you were dead. Youβre like the closest thing I have to a friend right now. Had, I guess.
Iβll never forget you in two weeks.
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are you an economist?
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I swear I think heβs taking his current stance just to get me to engage lol
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Id love to see you guys go head to bussy about economics lul
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I would not, his word games are predictable at this point.
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Trying to edit like 80% of the inflation out to reee about a stimulus that even if it increased inflation was the correct move is peak brainlet status.
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Quantitative easing? Whats that ?
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This is barely a sentence, cmon. If I needed an opinion on Florida white trash id call you.
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@pizzashill ooh, sounds like a challenge
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Wrong.
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Then we should print way more of it.
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MMT bah-beh
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Don't worry about that part
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Where is he
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No the plan this time is higher taxes and
less gibswait for the supply chain to fix itselfJump in the discussion.
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Higher taxes would help inflation tbf
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Oh donβt fret, heβs raising interest rates byβ¦ checks notes, 1/4%. Surely this will reign in the $9T+ we created and stored in
corporate debtfunny bank papers.Jump in the discussion.
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I asked him nicely to delay raising them for a few decades. The second they hit 2% Italy ceases to exist and thats where I wanna retire.
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Wouldn't Italty's economy cratering be good for anyone who wants to retire there?
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Only to some degree, public infrastructure still needs to be funded otherwise you're looking at a peninsula wide refugee camp
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Implying it isnβt already
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Yes, what Italy needs is more
SomaliansSicilians coming and fricking up the good farm landJump in the discussion.
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If this frightens you, don't look at China's M2 in USD.
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China has a weird system with 2 currencies (internal and external) that I donβt fully understand. Perhaps intentionally, perhaps not.
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They don't have two currencies. They have a single fiat currency that has two sets of exchange controls: restricted (CNY) and unrestricted (CNH).
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There's like eight of those on the books for this year. Economy doesn't like sharp corners.
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I donβt envy the job of the man who is tasked with reigning in demand rn
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God dammit Adolf Putler!!!!
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This angers the
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Nah heck just comment further diwn a comment chain wgere this isnt posted
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im not smart but that high level should lead to high consequences
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Hi @stringauer,
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I miss old wsb before it became a bunch of normies and activists.
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Brrr.money
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100%, they just have to pull "economy - good" lever. Just two more weeks
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Yes. Some poors may die but the economy demands sacrifice.
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We're making the mother of all omelettes here Jack, can't fret over every egg
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the existing of /r/antiwork made the economy very angry. It would be best not to anger it further.
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So are you implying that if we sacrifice every antiworkcel to the economy style, theres a chance I might afford my own pod one day ?
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Considering antiworkers probably all pay a net negative in taxes, itβs be a good start.
This morning, Cum went to the park. I went with Coom. And Cum brought Coomer frisbee. At least I think it was Coomers. By the end of the day, Cum started throwing the frisbee to Cumself.
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Yea, it is a vengeful economy
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LOL this is the fix
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Worked after 2008 it will work now
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