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but let's spend oodles more money, if sinema can be bought off to sign on like manchin was. that'll fix it.
The personal-savings rate, which surged more than 33% during the height of the pandemic, dropped in June to 5.1%, the lowest since the Great Recession in 2008.
I would argue that the savings rate touted in your link was from the handouts from the federal governments....note the plurality of government. So you supported all those handouts.
I may be wrong but I'm not sure that is something you thought was a good thing.
The personal-savings rate, which surged more than 33% during the height of the pandemic, dropped in June to 5.1%, the lowest since the Great Recession in 2008.
I would argue that the savings rate touted in your link was from the handouts from the federal governments....note the plurality of government. So you supported all those handouts.
I may be wrong but I'm not sure that is something you thought was a good thing.
People are in scarcity mentality I've noticed...with all the shortages they think they have to overpay and hord because scarcity is the new normal. Maybe with real estate, but with video cards and computers, a massive supply glut is coming thanks to over purchasing by Nvidia to TSMC as a result of the crypto bubble/bust and pending release of Zen 4 (September 15) and raptor lake (October 17)
Build a cheap system this fall and power it with a 4070 or 4080 or wait for a 3080/6800xt to drop to sub $500... Right now though people are blowing money thinking politicians are going to keep inflating, and maybe they will. Reckless and corrupt are the people in charge, with this misguided Robin Hood mentality.
Like some poster said in the now closed incel thread, we need to stop the central bank nanny state. (QE) permanently because we now have central banks printing recklessly. It's not the interest rates, it's the asset purchases that are the problem.
Rental moratoriums through 2023? I see blue cities collapsing.
Yes im sure all of you are economic experts that understands this topic enough to say how it will affect inflation.
And im SURE the record profits on corporations have nothing to do with it at all....
the complexities on how companies structure their organization to maximize a profit has nothing to do with bad policies unless they are using the force of government to enrich themselves. who are on the boards and hold executive seats in many of these greedy companies? most are connected liberal democrats.
DC is living in a dream world of infinite "abundance". Meanwhile back in reality companies are forecasting lower revenue and are laying off people. And these new layoffs are now at the corporate level. So either believe our make believe every thing is ok government or believe reality
point is that this bill TITLED "inflation reduction act" will not reduce inflation, it will actually increase it,,,
even left leaning Wharton College says it will NOT reduce inflation...
so the point is why do the dumbocrats continue to name/title bills that are polar opposites of what the bill does
I saw an analysis on cable of the two bills by Steven Rattner and it will reduce the deficit 3-4 years out. I don't see a link to the statement yet but will post it when available.
Yes im sure all of you are economic experts that understands this topic enough to say how it will affect inflation.
And im SURE the record profits on corporations have nothing to do with it at all....
BS-
The cause of inflation was the infusion of cash into the economy by Biden and killing the energy sector.
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