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Started By
Message
1
Posted on 12/10/21 at 8:35 am to GumboPot
So what could the fed/brandon do to immediately drive this down?
Scrap BBB bill?
Open back up domestic drilling?
Kill vax mandates?
Scrap BBB bill?
Open back up domestic drilling?
Kill vax mandates?
Posted on 12/10/21 at 8:38 am to Lsut81
Congrats Mickey Cuckmill
Posted on 12/10/21 at 8:39 am to Lsut81
quote:
Open back up domestic drilling?
I honestly think this would have a huge impact. Maybe the single biggest factor.
Posted on 12/10/21 at 8:40 am to TDTOM
quote:
I honestly think this would have a huge impact. Maybe the single biggest factor.
Agree... Would drive down transportation costs for goods
Posted on 12/10/21 at 8:54 am to Lsut81
The Fed will have to increase the interest rates to combat this.
In order to fight inflation, the government must lower the money supply.
This is done in three main ways:
1. Raise interest rates
2. Sell government bonds
3. Raise the reserve ratio (the amount of liquid assets banks must hold at all times)
Our government is currently spending like we are in an expansionary period. More government spending makes inflation even worse.
It’s almost as if they know this, but don’t care…
In order to fight inflation, the government must lower the money supply.
This is done in three main ways:
1. Raise interest rates
2. Sell government bonds
3. Raise the reserve ratio (the amount of liquid assets banks must hold at all times)
Our government is currently spending like we are in an expansionary period. More government spending makes inflation even worse.
It’s almost as if they know this, but don’t care…
Posted on 12/10/21 at 8:55 am to Lsut81
Posted on 12/10/21 at 8:57 am to Lsut81
quote:
So what could the fed/brandon do to immediately drive this down?
Scrap BBB bill?
Open back up domestic drilling?
Kill vax mandates?
Need production to offset inflation. The irony is production will increase inflation in the short run until the production catches up with fiscal spending. The BBB plan wouldn't be bad if it did not encourage a lot of people to sit at home and not produce. If the BBB plan focuses on adding value (like physical infrastructure that the economy can leverage for years to come) then the short term inflation that it may produce is acceptable IMO.
What lowers production costs is cheap energy. It also lowers inflation. But with this admin if energy is not "green" (aka, payoff to the green lobby) the Biden admin does everything to suppress it.
The vax mandates actually suppress inflation in the short run because the loss to jobs and lockdowns keep people from spending. But long term it's terrible because the loss of production cannot offset the fiscal spending in Washington.
There needs to be a balance between production and fiscal spending. Right now Washington is way out of whack. And FWIW, they would never get out of whack if it were not for the Federal Reserve. If the Federal Reserve would not come in an purchase treasury bonds that they cannot sell at these very high prices the Treasury would have to lower bond prices to make them more attractive to other buyers besides the Federal Reserve. The downstream effect of that would keep congressional spending in check but the Federal Reserve continues to act like a congressional sugar daddy. Until that is reigned in inflation will always be a risk.
This post was edited on 12/10/21 at 8:57 am
Posted on 12/10/21 at 9:00 am to Deuces
quote:
This is done in three main ways:
1. Raise interest rates
2. Sell government bonds
3. Raise the reserve ratio (the amount of liquid assets banks must hold at all times)
Or just pull back Federal Reserve bond purchases. When the FR does that rates will naturally rise to attract new bond buyers.
Posted on 12/10/21 at 9:12 am to Lsut81
WH Economic Advisors Chair stammering on CNBC currently... lots of word salad
Posted on 12/10/21 at 9:13 am to Lsut81
BTC rallying on announcement of the highest inflation in 40 years. 
Posted on 12/10/21 at 9:15 am to HouDat
quote:
BTC rallying on announcement of the highest inflation in 40 years.
Not really
Posted on 12/10/21 at 9:33 am to Lsut81
The Brandon boom / Biden bust has set us back 50 years in less than one.
There we go!
Make America Poor Again!
There we go!
Make America Poor Again!
Posted on 12/10/21 at 9:43 am to Lsut81
quote:
Inflation @ 6.8%
Yeah but don't forget your booster shots!
Posted on 12/10/21 at 9:51 am to Lsut81
Posted on 12/10/21 at 9:54 am to Seldom Seen
Luckily we don't need food or gas or this could really be a problem
Posted on 12/10/21 at 9:59 am to Lsut81
Great for America, amirite?
Posted on 12/10/21 at 10:02 am to LSUbest
quote:
The Brandon boom / Biden bust has set us back 50 years in less than one.
There we go!
Make America Poor Again!
Didn't Trump sign the families first act, the CARES act, PPP and healthcare enhancement act, extension to PPP, and the Coronavirus response and relief supplemental act?
Trump started it and then the Dems took it next level. Now we have a society that doesn't want to do shite and wants free shite. What is crazy is that despite inflation interest rates haven't moved more than half a point.
That is going to have to change.
Posted on 12/10/21 at 10:24 am to TS1926
I think you missed what I thought was obvious sarcasm.
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