U.S. Inflation rate timeline under Biden. Hmmm...

Racmanaz Loc: Sunny Tucson!

Hmmm

slocumeddie Loc: Inside your head, again

Racmanaz wrote:

Hmmm

It must be Trump's fault, 'eh.....???

Racmanaz Loc: Sunny Tucson!

slocumeddie wrote:

It must be Trump's fault, 'eh.....???

Of course it is. 😄 Trump totally destroyed the economy.

rmalarz Loc: Tempe, Arizona

Ah, but he was shrewd enough to set a time fuze so that it would explode after the election.

--Bob

Racmanaz wrote:

Of course it is. 😄 Trump totally destroyed the economy.

Racmanaz Loc: Sunny Tucson!

rmalarz wrote:

Ah, but he was shrewd enough to set a time fuze so that it would explode after the election.

--Bob

With the help of Putin of course, Trump helped Putin invade Ukrainian under Biden's watch as well and blamed Biden.

rmalarz Loc: Tempe, Arizona

--Bob

Racmanaz wrote:

With the help of Putin of course, Trump helped Putin invade Ukrainian under Biden's watch as well and blamed Biden.

DennyT Loc: Central Missouri woods

Thanks .looks like the rate hikes have ramped down demand as planed. It peaked in June according to your image.

Personally I not sure it was the fed but rather people coming out of pandemic have now purchased what they put off and spending on things ( gas, theater, travel, …. ) they skipped and gone back to normal—- not splurging.

Racmanaz Loc: Sunny Tucson!

DennyT wrote:

Thanks .looks like the rate hikes have ramped down demand as planed. It peaked in June according to your image.

Personally I not sure it was the fed but rather people coming out of pandemic have now purchased what they put off and spending on things ( gas, theater, travel, …. ) they skipped and gone back to normal—- not splurging.

Easy, Democrat congress and Biden over spending caused the inflation disaster. Right now, it's the calm before the storm.

mwalsh Loc: Houston

According to the meme...we need to cancel more pipelines as that seems to hold inflation below 2%.

LoL

Racmanaz Loc: Sunny Tucson!

mwalsh wrote:

According to the meme...we need to cancel more pipelines as that seems to hold inflation below 2%.

LoL

You are reading it incorrectly, that is showing the month the Keystone extension was cancelled, the effects and report come after.

Architect1776 Loc: In my mind

DennyT wrote:

Thanks .looks like the rate hikes have ramped down demand as planed. It peaked in June according to your image.

Personally I not sure it was the fed but rather people coming out of pandemic have now purchased what they put off and spending on things ( gas, theater, travel, …. ) they skipped and gone back to normal—- not splurging.

Down demand then depresses sales and profits causing a free fall in stocks destroying pension funds and 401k's.
That is good?

DennyT Loc: Central Missouri woods

Architect1776 wrote:

Down demand then depresses sales and profits causing a free fall in stocks destroying pension funds and 401k's.
That is good?

Go back to economic school

DennyT Loc: Central Missouri woods

Racmanaz wrote:

Easy, Democrat congress and Biden over spending caused the inflation disaster. Right now, it's the calm before the storm.

What the difference in Biden pumping billions via government programs into the economy and trump pumping billions into the economy via a tax cut.

Both drive up demand

Racmanaz Loc: Sunny Tucson!

DennyT wrote:

What the difference in Biden pumping billions via government programs into the economy and trump pumping billions into the economy via a tax cut.

Both drive up demand

That's just the stupidest thing you may have said in a long time.....may have been.

DennyT Loc: Central Missouri woods

Racmanaz wrote:

That's just the stupidest thing you may have said in a long time.....may have been.

Well answer the question then ! The result is the same- they are both inflationary by you definition.

https://www.reuters.com/article/us-usa-fed-trump-idUSKBN17S2X1

Me- I think the biggest contributor to current inflation was not demand but rather a supply issue exacerbated by supply chain issues.