"Success is dependent on effort." -- Sophocles
The way the US is just printing money with no end in sight can only lead to inflation and we are seeing it starting already!
Quote from: RWS on April 29, 2021, 10:42:05 AMThe way the US is just printing money with no end in sight can only lead to inflation and we are seeing it starting already!Do you have credible proof of this? Our inflation has arguably been at or lower than projected (3% annual) since the 80s.https://inflationdata.com/Inflation/Inflation/DecadeInflation.asp#:~:text=The%20average%20annual%20inflation%20from,end%20of%202018%20was%202.46%25.Further, our inflation in the last 20 years is nearly half the world average, despite the wars, civil and political upheaval, and the pandemic. This indicates the sheer power and flexibility of our economy.https://www.statista.com/statistics/256598/global-inflation-rate-compared-to-previous-year/
Quote from: crplhood on April 29, 2021, 10:49:41 AMQuote from: RWS on April 29, 2021, 10:42:05 AMThe way the US is just printing money with no end in sight can only lead to inflation and we are seeing it starting already!Do you have credible proof of this? Our inflation has arguably been at or lower than projected (3% annual) since the 80s.https://inflationdata.com/Inflation/Inflation/DecadeInflation.asp#:~:text=The%20average%20annual%20inflation%20from,end%20of%202018%20was%202.46%25.Further, our inflation in the last 20 years is nearly half the world average, despite the wars, civil and political upheaval, and the pandemic. This indicates the sheer power and flexibility of our economy.https://www.statista.com/statistics/256598/global-inflation-rate-compared-to-previous-year/Take a look at the last month on this chart in the linked article. What I see is a straight up movement Doublein the last month! What will next month bring? I think that printing money at the rate we are is big trouble!https://inflationdata.com/Inflation/Inflation_Rate/CurrentInflation.asp?reloaded=true
That term is very important. A spike will often drop, but a slope becomes normal... then the corporations dont drop the price as the baseline drops to widen profits. Boom. New norm.
Quote from: crplhood on April 29, 2021, 12:54:59 PMThat term is very important. A spike will often drop, but a slope becomes normal... then the corporations dont drop the price as the baseline drops to widen profits. Boom. New norm.They didn’t raise prices when the rates jumped at the holidays because they always came down except this year... Time will tell...
Quote from: Surveyor1 on April 29, 2021, 01:06:12 PMQuote from: crplhood on April 29, 2021, 12:54:59 PMThat term is very important. A spike will often drop, but a slope becomes normal... then the corporations dont drop the price as the baseline drops to widen profits. Boom. New norm.They didn’t raise prices when the rates jumped at the holidays because they always came down except this year... Time will tell...Gas prices going up every day for the past few days https://losangeles.cbslocal.com/2021/05/02/gas-prices-continue-to-climb-in-socal-for-9th-day/