Has inflation peaked? (debt, borrow, purchase, wage)
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Our Fed is still on its learning curve,first the streets asked it to stop buying securities but it said it will continue,then it said inflation is transitory and now it is upset inflation is getting worse.
what is it going to do if we end up with STAGFLATION??
If it is of any comfort to you,we are still better off than the folks in Turkey,Egypt,Venezuela,Ukraine,Russia and probably the entire African continent.
Why is the Fed still learning things that most of us have known all along?
And why should it be comfort if some s-hole countries are worse off? I will never understand how people get comfort from the misery of others.
Why is the Fed still learning things that most of us have known all along?
I'm betting the people on the Federal Reserve Board no a lot more "things" related to economics than message board faux-experts who probably don't even understand what they are attempting to pass judgement on.
Without Russian oil and natural gas, the EU economy and financial system would collapse in very short order.
Russian oil to the EU has decreased significantly since the war started - much of it going to the former eastern bloc countries that border Russia such as Slovakia and Lithuania. Most of the EU has reduced Russian oil to about 20% or less than before. Most of the EU and their major oil companies have stopped taking Russian oil, and not even close to collapse.
Russian oil currently is mostly going via ship now to places like China and India at a much higher cost of transport and with insurance companies refusing to cover any shipping losses - so greatly discounted prices to move.
Even if it has "peaked", it only means prices will remain at the highest levels they have been. We need deflation but good luck with that.
No one wants deflation - deflation brings many negative consequences like increased unemployment and economic contraction. A halt to inflation will stabilize prices at current levels - that has the least negative impacts and best opportunity for economic prosperity.
oil dropped from $65/bbl in Jan '20 to $31/bbl in May '20 before recovering to $65 when Biden took office.
Oil briefly went negative in the early pandemic days from what I recall. $60-$80 per barrel is probably a healthy number for both oil companies and consumers.
I'm betting the people on the Federal Reserve Board no a lot more "things" related to economics than message board faux-experts who probably don't even understand what they are attempting to pass judgement on.
And people like you are the reason we are in trouble now. You, and millions of other Americans, have blind faith in authorities who call themselves experts.
No one wants deflation - deflation brings many negative consequences like increased unemployment and economic contraction. A halt to inflation will stabilize prices at current levels - that has the least negative impacts and best opportunity for economic prosperity.
What you, or anyone, wants is not the only concern. There is also what the system needs. And it needs correction.
No one wants deflation - deflation brings many negative consequences like increased unemployment and economic contraction. A halt to inflation will stabilize prices at current levels - that has the least negative impacts and best opportunity for economic prosperity.
There are tons of people who want deflation. If youre poor or working class you benefit greatly from a strengthening dollar, the market and home ownership more affordable. It’s the people who own a lot of assets and are more broadly invested who want inflation. Preferably you’d have a strong dollar and strong growth. Where other countries are willing to pay more for your goods and services. Like industrial revolution type situation.
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