Whew...The recent inflation is just 'temporary'

[RICHSTRONG]

Praise Jesus Misc. The Potus said it just a minor glitch if you will. We gon be back to fighting weight soon...

[BLOATMOGGER]

Inflation is great for the middle class srs (especially homeowners)

LOL at people believing the elite propaganda about inflation being the big bad.

[wincel]

Inflation generally occurs with rapid economic growth. IDK why u guys are panicking so much over it. U think because Biden got elected and spent a few trillion (most of which hasn't even been spent yet), that this caused massive inflation? lul

The temporary inflation you saw was due to the record growth during reopening.

[devin45k]

All I care about is the inflation in broad's pooper cheeks. It's keeps going in the right direction.

[mvitz]

The more money the Fed prints the less value it has. The Fed has been slopping money into Wall Street for over a decade with their zero percent loans.

[keyboardworkout]

So the Fed is going to raise interest rates?

[FAPhaggot]

Libs love to whine about trickle down. But the Fed handing banks trillions and backing stocks up with guaranteed bailouts in hopes that that "boosts the economy" and creates jobs for plebs is literally the same thing.

[MattyMiscer]

Inflation generally occurs with rapid economic growth. IDK why u guys are panicking so much over it. U think because Biden got elected and spent a few trillion (most of which hasn't even been spent yet), that this caused massive inflation? lul

The temporary inflation you saw was due to the record growth during reopening.

"Growth" or "recovery?"

[FAPhaggot]

Inflation is great for the middle class srs (especially homeowners)

LOL at people believing the elite propaganda about inflation being the big bad.

So most wagies' cash flow comes in exclusively from their 9 to 5 job, and the largest expense for their cash going out is rent or a mortgage.

Inflation destroys that cash inflow (assuming that wages are sticky, see last 50 years) and only helps if you are a homeowner taking on a new mortgage or refinancing an old note. It doesn't do chit for rentcels or anyone without assets to leverage. If you don't own assets and your life is pretty much a cash business, inflation just burns you up.

If you're not a debtor and wages are sticky, deflation is fukking awesome for wagecels. BRB a $20,000 car now costs $10k, but I still get paid the same.

Governments are universally debtors. Debasing gold and giving trillion-dolllar debtors permission to engineer a debtor friendly money supply is one of the world's worst mistakes in the last 100 years.

[BLOATMOGGER]

So most wagies' cash flow comes in exclusively from their 9 to 5 job, and the largest expense for their cash going out is rent or a mortgage.

Inflation destroys that cash inflow (assuming that wages are sticky, see last 50 years) and only helps if you are a homeowner taking on a new mortgage or refinancing an old note. It doesn't do chit for rentcels or anyone without assets to leverage. If you don't own assets and your life is pretty much a cash business, Inflation just burns you up.

Wages aren't sticky going up. They're sticky going down.

[Lefticle]

Inflation is great for the middle class srs (especially homeowners)

LOL at people believing the elite propaganda about inflation being the big bad.

Dumbest post I’ve seen this month

[TuskV]

Biden's America

[JUSA]

Inflation is great for the middle class srs (especially homeowners)

LOL at people believing the elite propaganda about inflation being the big bad.

Oh yeah, if you're drowning in debt, this is very welcome news indeed.

[BLOATMOGGER]

Oh yeah, if you're drowning in debt, this is very welcome news indeed.

AKA the average middle class person.

[BulkingIsHard]

Inflation generally occurs with rapid economic growth. IDK why u guys are panicking so much over it. U think because Biden got elected and spent a few trillion (most of which hasn't even been spent yet), that this caused massive inflation? lul

The temporary inflation you saw was due to the record growth during reopening.

Wincel, stick to the vaccine commentary. You're too far left on the Dunning Kruger regarding economics for this expert gig to work

[JUSA]

AKA the average middle class person.

Sure, I wasn't really even chitting on you. They get to go from CompletelyFuked to StilFukedButSlightlyLessSo every time that debt weighing them down gets a little less heavy.

People really think chit is about to hit the fan? Go get a big loan, buy something that will hold or increase in value (normally land, but not so much right now) and if inflation goes to chit, your land goes up in value as the debt you took on to buy it weakens.

[BulkingIsHard]

Inflation is great for the middle class srs (especially homeowners)

LOL at people believing the elite propaganda about inflation being the big bad.

Haven't I already schooled you on how inflation benefits with wealthy the most?

Edit

Yep, https://forum.bodybuilding.com/showt...post1638470793

Scroll down and actually read for once

[GooBaaa]

Biden's America

Looks like coach got sick of losing, laced up and checked himself into the game

[chaunce54]

It's temporary for him.

He won't even remember it tomorrow...

[FAPhaggot]

Wages aren't sticky going up. They're sticky going down.

They aren't going to hike pay fast enough to keep up with inflation. I have a performance review in about 6 weeks... they would need to raise me 10-15% to keep my pay the same, but we already know it's going to be 0-3%.

[TBO1313]

Inflation generally occurs with rapid economic growth. IDK why u guys are panicking so much over it. U think because Biden got elected and spent a few trillion (most of which hasn't even been spent yet), that this caused massive inflation? lul

The temporary inflation you saw was due to the record growth during reopening.

This isn't about Biden or Trump. The price of goods has skyrocketed. Just look at real estate, guns, guitars, used cars or wood. It's all crazy. I have no idea if the Trump stimulus, Biden bucks or covid caused it, probably a combo of all 3, but its not a good thing. It's not like wages have gone up

[soaponarope1]

Inflation is great for the middle class srs (especially homeowners)

LOL at people believing the elite propaganda about inflation being the big bad.

Inflation is good for the upper middle class and above. We own real estate and businesses that grow with inflation and if we're traditionally employed we have skills that command income in line with inflation.

Regular middle class and below get ****ed. Theiir home value goes up but their incomes don't and they don't own valuable enough real estate for that to matter. What good is a home worth $600k if you don't own it because you took out 15 HELOCs to buy your wife and SUV and the boat you always wanted?

[wincel]

This isn't about Biden or Trump. The price of goods has skyrocketed. Just look at real estate, guns, guitars, used cars or wood. It's all crazy. I have no idea if the Trump stimulus, Biden bucks or covid caused it, probably a combo of all 3, but its not a good thing. It's not like wages have gone up

Did you see our growth rate when we reopened? Inflation is expected to happen with that kind of rapid growth.

[BulkingIsHard]

Did you see our growth rate when we reopened? Inflation is expected to happen with that kind of rapid growth.

Ah yes back to normal instantly

Well, maybe your version of normal: acceptance of mediocrity and weakness

https://fred.stlouisfed.org/series/OUTMS
https://fred.stlouisfed.org/series/CCSA

[soaponarope1]

Did you see our growth rate when we reopened? Inflation is expected to happen with that kind of rapid growth.

It isn't growth if you artificially hold something down for 2 years and then release it. Especially not when you do it accompanied with printing unlimited money.

Should be pretty neat to watch.

[TBO1313]

Did you see our growth rate when we reopened? Inflation is expected to happen with that kind of rapid growth.

All the things I listed shot up during the lockdowns not after. I haven't seen the growth rate yet but I'd be interested to know the numbers and how it is calculated.

[gainztrain818]

Imagine being the tradie tasked with maintaining the Treasury's money printers and just seeing millions of dollars being printed nonstop.

[wincel]

"Growth" or "recovery?"

Whatever you want to call it, that kind of GDP spike = inflation. Always.

[wincel]

All the things I listed shot up during the lockdowns not after. I haven't seen the growth rate yet but I'd be interested to know the numbers and how it is calculated.

Don't confuse supply chain issues on pricing with inflation though. During the lockdown, all else equal, you'd have expected deflation. You saw price increases due to supply chain issues. Severe recessions cause deflation, if anything due to low demand. After the recovery, you saw inflation because of the GDP growth and increased demand.

We had a few freak issues due to lockdowns and disasters that spiked prices on some goods.

[TBO1313]

Don't confuse supply chain issues on pricing with inflation though. During the lockdown, all else equal, you'd have expected deflation. You saw price increases due to supply chain issues. Recessions cause deflation.

Yeah, I kept hearing about supply chain issues but is that still the cause, is it inflation or maybe a mix of both? I also kept hearing that once things opened back up the prices would go down which hasn't happened. If anything its getting worse