Inflation surges 9.1% in June, hitting a new 40-year high (Reagan, election, income)
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I lost money way back in the Oct. 1987 crash, never to return to the market. As Alan Greenspan said in his memoirs, his conclusion: the Stocke market is fickle!
well, you certainly pay no attention to it then presumably. To the extent that you probably don't realize that less than 10% of workers have a pension anymore, it's almost always a 401K plan...which relies on their investing for their own retirement.
When you say you "lost money in 1987" .... you mean you put it all in in late August and were forced to sell 3 months later? Lost ~33%? Because the market dropped back to it's level just 1 year before - September 1986. Or are you just saying your account value dropped an unrealized 33% in 2 months and you got out?
Because today, while we're thankfully not down 33% from our peak (Nov 21), we are all the way back to 1/1/21 - right before Biden took office.
No, just the US. Each country is responsible for what they did 2020 and 2021.
In this case blame rests on both parties.
Pretty much the entire world that has free market economies is experiencing the same thing as the US. Their citizens blame their politicians just like Americans do. It's silly, but we share the need to blame someone.
Is he to blame for the massive inflation in other countries too?
Ugh. YES!!! He has declared war on the fossil fuel industry. He SAID he was going to shut it down in the debates. BECAUSE oil is a commodity and because the entire world uses OIL, this had a huge impact on the entire world. Since I am guessing you are not this stupid, I once again assert that you are paid to post this nonsense.
Canada, France, Mexico, Germany, England, Norway, Sweden, Finland, Australia, India, China , Italy are all nearly half what we are
Balderdash! Canada had 7.7% in May a mere point behind the US. Germany 7.9%. UK 9.1% in May. Italy 6.8% China is a managed economy not a free market so you can't compare. I did not look at the others, but, you are wrong in your assertion. Inflation is world wide problem and it is for the same reasons as the US - and that reason is not Biden.
We're close in our inflation rates. Biden isn't president in those countries. So methinks there are other factors involved with inflation.
I am not on here blaming Biden for everything. But over a year ago inflation was gaining steam. We probably could have raised rates say .5% then and could have stunted it from being where it is now. Blame the fed, blame Biden, blame is economic advisors. But that would have been a bold move and there was no political will to do that. So we waited until it was out of control.
Ugh. YES!!! He has declared war on the fossil fuel industry. He SAID he was going to shut it down in the debates. BECAUSE oil is a commodity and because the entire world uses OIL, this had a huge impact on the entire world. Since I am guessing you are not this stupid, I once again assert that you are paid to post this nonsense.
In Canada, Trudeau is blamed for high gas prices much as Biden is here even though Canada is a major oil producer with no shortage of crude for domestic or export needs.
It's just oppotunistic politics. Both here and there.
Here's a link. It has a pay wall but you can see the headline. Trudeau's fault! Guess they haven't seen your argument there.
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