The major impact to bring inflation to 0% in July was the decline in gasoline prices which you would know if you read more than just the headline.
You know, right, even in the best of times the economy, short of a massive deflationary event (like the great depression) doesn't have 0% inflation?
President Joe Biden
- Thread starter tenacious
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I swear this is the funniest thing you've ever written. It's just gone completely whooosh over your head! I really do love yah. Yah made my day. Thanks for that.
You seem to be confusing economic theory with economic facts.I swear this is the funniest thing you've ever written. It's just gone completely whooosh over your head! I really do love yah. Yah made my day. Thanks for that.
In proper economic theory, the terms "inflation" and "deflation" refer to the money (and equivalents) in circulation. What is commonly referred to as "inflation" by the popular press (and you also, depending on which foot you are standing at the moment) is actually the Consumer Price Index, which is measured monthly.
Stop it......you're killing me!!!!!!
I now return control of this channel to Izzy and friends.
a. I really don't think Biden was referring to the money supply here. That's just disingenous on your part.
b. If he's referring to just the money supply (as opposed to prices) it was (at least before the Inflation Reduction Act was passed) actually less than zero because the fed is contracting the money supply so it is moving in a negative direction
c. If you want to get technical, it's actually when the market for money (interest rates on the y, demand for money on the x), otherwise known as D, shifts rightward.
d. But don't gas light. We all know what's meant. From wikipedia, "In economics, inflation is a general increase in the prices of goods and services in an economy". First sentence. We all know what he did...he "confused" the rate of acceleration (or in more technical terms, the delta of the D) with the rate itself YoY.
e. The fact the media is running with it is some real ministry of truth stuff. "There is no inflation!!!!"
f. There's no pretzel you won't shift yourself into is there? You are out there swimming just joshing it up and before you know it you just cramped up and sank to the bottom. It's been a ton of amusing to watch.
Here is what "the media" is saying today --a. I really don't think Biden was referring to the money supply here. That's just disingenous on your part.
b. If he's referring to just the money supply (as opposed to prices) it was (at least before the Inflation Reduction Act was passed) actually less than zero because the fed is contracting the money supply so it is moving in a negative direction
c. If you want to get technical, it's actually when the market for money (interest rates on the y, demand for money on the x), otherwise known as D, shifts rightward.
d. But don't gas light. We all know what's meant. From wikipedia, "In economics, inflation is a general increase in the prices of goods and services in an economy". First sentence. We all know what he did...he "confused" the rate of acceleration (or in more technical terms, the delta of the D) with the rate itself YoY.
e. The fact the media is running with it is some real ministry of truth stuff. "There is no inflation!!!!"
f. There's no pretzel you won't shift yourself into is there? You are out there swimming just joshing it up and before you know it you just cramped up and sank to the bottom. It's been a ton of amusing to watch.
Here's what's getting more expensive at the grocery store
Inflation may be slowing overall, but food prices are still sky-high.
www.cnn.com
Speaking of gaslighting, who posted this? --
The Rubicon has just been crossed politically. Trump's Mar Largo residence was raided by the FBI. If the GOP ever take the presidency again (particularly if it's DeSantis) they'll wholesale purge the FBI. Like Latin American Republics, each ingoing admin will use the legal infrastructure to punish (even deservedly so) the outgoing admin. As in Latin America, political contests become existential threats to the politicians because they determine who is going to jail.
Assuming Biden lives long enough, if the Rs win 2024 they are totally turning the Hunter situation against him. If true, they will turn the covering of Joe Biden's mental state and possible dementia against those around him.
The Latin Americanization of US politics is here.
The Rubicon has just been crossed politically. Trump's Mar Largo residence was raided by the FBI. If the GOP ever take the presidency again (particularly if it's DeSantis) they'll wholesale purge the FBI. Like Latin American Republics, each ingoing admin will use the legal infrastructure to punish (even deservedly so) the outgoing admin. As in Latin America, political contests become existential threats to the politicians because they determine who is going to jail.
Assuming Biden lives long enough, if the Rs win 2024 they are totally turning the Hunter situation against him. If true, they will turn the covering of Joe Biden's mental state and possible dementia against those around him.
The Latin Americanization of US politics is here.
The latest reporting on this BTW is that it was under the presidential records to forcibly recover docs the gov (archives?) had been negotiating for with Trump's attorneys. They are claiming Garland didn't know.
So now you have it....if the reporting is true, it's either a political hit job in an environment where the Rs perceive justice goes only one way, or a major f up at the FBI for not involving the top eschlons. Those 3 r'd agencies (CDC, FBI, DOJ, EPA, DOE, etc) should be quaking if the Rs recover the presidency.
More gaslighting.
Now that your political position is clear, many of your nonsense posts in the vaccine thread make more sense.
The annual inflation rate in the US slowed more than expected to 8.5% in July of 2022 from an over 40-year high of 9.1% hit in June, and below market forecasts of 8.7%. Energy CPI rose by 32.9%, after hitting a 42-year high of 41.6% in June, mainly due to a big slowdown in gasoline costs (44% vs 59.9%), fuel oil (75.6% vs 98.5%), and natural gas (30.5% vs 38.4%) while electricity prices accelerated (15.2%, the most since February 2006). Cost also slowed for new vehicles (10.4% vs 11.4%) and airline fares (27.7% vs 34.1%). On the other hand, inflation continued to march higher for food (10.9%, the largest increase since May of 1979, vs 10.4%); shelter (5.7% vs 5.6%); and used cars and trucks (6.6% vs 1.7%). Compared to the previous month, the CPI was unchanged, after hitting a 17-year high of 1.3% and also below forecasts of 0.2%. Core inflation was steady at 5.9%, beating expectations of 6.1%, and offering some support that inflation has finally peaked. source: U.S. Bureau of Labor Statistics
tradingeconomics.com
United States Inflation Rate
Inflation Rate in the United States decreased to 3.30 percent in May from 3.40 percent in April of 2024. This page provides - United States Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
tradingeconomics.com
A thought experiment: the warrant on trump is getting widespread concern if not outright disapproval even among indies and surprisingly even some moderate ds according to the flash polls. But the magas have lost their minds calling 2022 and 2024 a last chance to pull from the deep state brink and some already calling for violence and secession. If they lose what do you think they’ll do? There’s talk about pushing the governors to, for example, prohibit certain fbi activity which no doubt ends badly in a confront with the federal government. Conversely what do the ds do if trump wins? Remember the first time around there was talk about California seceding. It wasn’t that serious then but if he comes back serious later? Or is it all post event hysteria that folks eventually back down from?
Some people will have a hard time accepting that their hero really is a crook.
The problem is the FBI seemingly thinks most any evidence warrants a wiretap...
According to a new declassified ruling from the U.S. Foreign Intelligence Surveillance Court (FISC), FBI personnel systematically abused National Security Agency (NSA) mass surveillance data in both 2017 and 2018. The 138-page ruling, which dates back to October 2018, was only unsealed 12 months later in October 2019. It offers a rare look at how the Federal Bureau of Investigation (FBI) has been abusing the constitutional privacy rights of U.S. citizens with alarming regularity. The court ruling is also a stinging rebuke to the FBI’s overreach of its ability to search surveillance intelligence databases.
The U.S. Foreign Intelligence Surveillance Court, itself a super-secret court that traditionally approves each and every request of law enforcement agencies such as the FBI, found that employees of the FBI searched data collected under Section 702 of the Foreign Intelligence Surveillance Act (FISA) in an inappropriate and potentially unconstitutional manner. These abuses, says the FISA court, included accessing NSA surveillance data to look into the online communications of U.S. citizens, including fellow FBI employees and their family members. All told, there may have been tens of thousands of these improper queries, all of them carried out without any reasonable suspicion of a crime or illegal activity posing a risk to national security. Moreover, many of the FBI’s backdoor searches did not differentiate between U.S. citizens and foreign intelligence targets.
Simply put, the data was available to search, and the FBI willingly took advantage of every opportunity to query the NSA intelligence database. For example, FBI employees routinely used mass surveillance data to investigate potential witnesses and informants. In 2017 alone, the FBI conducted over 3.1 million searches of surveillance data, compared to just 7,500 combined searches by the CIA and NSA. This is particularly troubling because, under current FBI operating procedures, this surveillance data can only be searched if there is reasonable suspicion of crimes having taken place or clear risks to national security. And, yet, FBI employees and FBI contractors were at times searching the database to see what information they could find on U.S. citizens not at all connected to foreign intelligence matters. In short, the FBI violated Americans’ privacy by abusing access to NSA surveillance data with warrantless searches.
One of the hallmarks of the American constitutional system is the Fourth Amendment of the U.S. Constitution, which forbids unreasonable searches or seizures. In practical terms, it means that law enforcement officials or intelligence operatives from the FBI must get a warrant in order to search private property or private communications. In the real world, this is what protects Americans from having police show up at their door and start searching the premises for any reason possible. Instead, they must first go to a court, obtain a warrant, and then show up to search the premises.
That is what makes the uncovered FBI abuses so troubling from a privacy perspective. Over the past two years (and perhaps even longer), the FBI was essentially able to go on “fishing expeditions” to check out the emails or other online communications of U.S. citizens without getting a warrant in the first place. Apparently, few safeguards really exist to protect communications from being searched improperly.
FISA Court Ruled that FBI Improperly Used NSA Surveillance Data to Snoop on Americans - CPO Magazine
New declassified ruling shows how FBI abused the constitutional privacy rights of U.S. citizens in 2017 and 2018 by using NSA surveillance data to conduct backdoor searches.
www.cpomagazine.com
I just saw interview ((didn't catch the name)) that said normal libs are joining the "we the people" movement. Crazy people on the far left and far right patriots who founght in crazy wars and lost pals and frens along the way. Some have lost everything and some and I mean a small group want war and that is a small group. Infiltrators over at TruthSocial trying to bait . The one's who make a buck on chaos are folks that come on here. They live in bubble. My best Lib pal said, "they gone too far. I hate Trump but that's not cool and it now it looks like Trump has something they want." I told him I love him again. We were besties back in the day but he went crazy on Fakebook and full of TDS after HRC lost. I told him why t ran for office and he now saying I was right on just about everything. It had to be these way. You must and will be shown the whole truth and nothing but the Truth and then you will see truly why they hate one man and caused complete chaos. Psycho thinks this is funny......
I can't imagine sheriffs at my door, "search warrant. Get the F out of your house now"
Crush: but but but,
Search Warrant Sherriff: You heard me, leave now so. We need to get some things on you so you stop with all this nonsense.
Can someone help me how search warrants are served in SoCal? Thanks God no knock at my door...lol Trump was the sitting President of this here now United States of America and just sieged with ak47.
I can't imagine sheriffs at my door, "search warrant. Get the F out of your house now"
Crush: but but but,
Search Warrant Sherriff: You heard me, leave now so. We need to get some things on you so you stop with all this nonsense.
Can someone help me how search warrants are served in SoCal? Thanks God no knock at my door...lol Trump was the sitting President of this here now United States of America and just sieged with ak47.
If they allowed t's lawyers to watch and itemize what each box had, then that's fair game in the legal sense. This is insane, regardless of how much you hate the man, unless your a complete liar and psychopath with no feelings of the law for your worst enemy.