Inflation just set a record increase more than anytime in history (highway, compare)

[SilkHammer]

The Brandonconomy is really rolling now!

[GoldenPineTree]

We are witnessing the end of the USA, at least the end of us being the dominant power on this earth.

We can thank in part Fauci, the potted plant Biden, various Democratic politicians, but also Trump for this.

[ClaraC]

Originally Posted by InformedConsent

9.6% inflation. For now. Soon to be in the double digits. Biden's America.

The 1970's saw inflation rates in the 20% range.

Let's hope in the aftermath of COVID, and the supply chain issues compounded on that, this current 9% inflation rate will back down and won't reach the 1970's inflation rate.

https://www.investopedia.com/article...gh%20inflation.

[ClaraC]

Originally Posted by GoldenPineTree

We are witnessing the end of the USA, at least the end of us being the dominant power on this earth.

We can thank in part Fauci, the potted plant Biden, various Democratic politicians, but also Trump for this.

No we aren't.

The only thing that's destroying us, is those who are saying we're at the end.

[GoldenPineTree]

Originally Posted by ClaraC

The 1970's saw inflation rates in the 20% range.

Let's hope in the aftermath of COVID, and the supply chain issues compounded on that, this current 9% inflation rate will back down and won't reach the 1970's inflation rate.

https://www.investopedia.com/article...gh%20inflation.

That mentioned interest rates, not inflation, being 20%.

[tickyul]

Fed trying to make a big deal about tapering the flow of bond-buying.

Well, this is not going to get to the real issue, ZIRP........and that policy will not be touched for years.

They are peeping about raising rates in 2022.....I really doubt they will.

[AnesthesiaMD]

Originally Posted by ClaraC

The 1970's saw inflation rates in the 20% range.

Let's hope in the aftermath of COVID, and the supply chain issues compounded on that, this current 9% inflation rate will back down and won't reach the 1970's inflation rate.

https://www.investopedia.com/article...gh%20inflation.

That is a very rudimentary article.

Paul Volcker famously raised interest rates to 20% to combat the high inflation rate. It worked, as people took advantage of the high interest rates and took their money out of circulation and into bonds and their bank accounts.

The debt:GDP ratio was in the low 30% area back then.

So tell me, with the current debt:GDP ratio at around 125%, how do you suppose we raise interest rates to combat it this time?

[hooligan]

Originally Posted by tipsyguam

The irony is rich.

What have I posted that is unreasonable? Please quote it for us.

[tijlover]

And if high inflation had befallen Trump when he was President (actually it was Sean Hannity) there wouldn't have been one word of complaint!

[InformedConsent]

Originally Posted by SilkHammer

The Brandonconomy is really rolling now!

#Bidenflation is trending on twitter.