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Started By
Message
re: Inflation rose 0.5% in January, more than expected and up 6.4% from a year ago
Posted on 2/14/23 at 9:07 am to saint tiger225
Posted on 2/14/23 at 9:07 am to saint tiger225
quote:
No.
Yet you are here referring to it as an excuse for why inflation remains high. Explain to us how you think that makes sense.
1
Posted on 2/14/23 at 9:08 am to stout
quote:Have they disappeared or do you think it may be companies leveling off after an upswing in hiring during covid?
A lot of high-paying jobs have disappeared.
Posted on 2/14/23 at 9:09 am to saint tiger225
quote:
or do you think it may be companies leveling off after an upswing in hiring during covid?
Either way, those jobs no longer exist.
Posted on 2/14/23 at 9:12 am to stout
You've twisted my words.
All I said is that a strong labor market contributes to higher inflation, it can play a part. Along with many other macro and micro conditions. I never said it played a huge part. It's one of the data points the fed looks at in their fight against inflation.
I believe all these numbers have been bastardized in an attempt for Biden to save face for his SOTU. At the least, for a few months now so that a trend could be shown.
All I said is that a strong labor market contributes to higher inflation, it can play a part. Along with many other macro and micro conditions. I never said it played a huge part. It's one of the data points the fed looks at in their fight against inflation.
I believe all these numbers have been bastardized in an attempt for Biden to save face for his SOTU. At the least, for a few months now so that a trend could be shown.
Posted on 2/14/23 at 9:14 am to iron banks
quote:When there's no consequences for your actions there's no action, or lie, you fear.
The entire Federal government is tone deaf and corrupt. Don't believe you lying eyes is Lieden's mantra.
quote:one of the whispered things about the open border is they are trying to soften the labor market to help with inflation AND increase donor monies (the corp. that will use that cheap labor). Even that hasn't worked because they enticed the record setting aliens crossing the border with handouts and such, and they are demanding them.
All I said is that a strong labor market contributes to higher inflation, it can play a part. Along with many other macro and micro conditions. I never said it played a huge part. It's one of the data points the fed looks at in their fight against inflation.
This post was edited on 2/14/23 at 9:18 am
Posted on 2/14/23 at 9:14 am to stout
I know. It was just an honest question I was looking for viewpoints on.
Posted on 2/14/23 at 9:17 am to saint tiger225
quote:
it can play a part.
A strong labor market will not move the needle much. A hyper labor market like we had post Covid will cause price shocks.
The Fed is trying to protect jobs over inflation. They have a dual mandate for both, with emphasis on employment.
These two can be problematic to solve together. However, inflation has to be reigned in.
Posted on 2/14/23 at 9:22 am to saint tiger225
quote:
All I said is that a strong labor market contributes to higher inflation
You used it as an excuse as to why inflation remains high. At least that is how we all read your response. Do you truly think it currently has much of an impact on why we can't get control of inflation? If so, how much of an impact?
Posted on 2/14/23 at 9:22 am to RogerTheShrubber
Maybe I should have chosen my words better.
I agree with everything you said though. Maybe the only thing I can take exception with is feds trying to protect jobs over inflation. Maybe they say that, but that's not what happens. Raising interest rates usually puts a strain on hiring. It's why I say I can't believe these numbers coming out of the white house.
It's an interesting scenario playing out right now with the fed and markets too.
I agree with everything you said though. Maybe the only thing I can take exception with is feds trying to protect jobs over inflation. Maybe they say that, but that's not what happens. Raising interest rates usually puts a strain on hiring. It's why I say I can't believe these numbers coming out of the white house.
It's an interesting scenario playing out right now with the fed and markets too.
Posted on 2/14/23 at 9:26 am to stout
quote:No, I think there's things that are much more important when it comes to taming inflation. All I said was that it plays a part in it.
Do you truly think it currently has much of an impact on why we can't get control of inflation? If so, how much of an impact?
Posted on 2/14/23 at 9:27 am to saint tiger225
quote:
All I said was that it plays a part in it.
And I asked do you think that is true for the current numbers?
Posted on 2/14/23 at 9:28 am to stout
If we're to believe the white house and the fed. 
Posted on 2/14/23 at 9:31 am to saint tiger225
OK then if we are on the same page, stop making excuses such as this for the failures of our continuous money printing no matter who is in office.
The current situation has nothing to do with job reports. It's nothing we have ever seen before and we have no way to maneuver out of it. Pain is still ahead IMO.
The current situation has nothing to do with job reports. It's nothing we have ever seen before and we have no way to maneuver out of it. Pain is still ahead IMO.
Posted on 2/14/23 at 9:34 am to saint tiger225
quote:
Biden got his little victory lap for his SOTU, but the people still suffer.
A large portion of Jotato’s 2023 SOTU was lifted from Trump’s 2016/2020 campaign speeches…..Jotato is a known plagiarist.
Posted on 2/14/23 at 9:34 am to stout
quote:
stop making excuses such as this for the failures of our continuous money printing no matter who is in office.
I never did this. In fact, that's what led to the beginning of the end of Trump, for me.
quote:I agree.
It's nothing we have ever seen before and we have no way to maneuver out of it. Pain is still ahead IMO.
Posted on 2/14/23 at 9:37 am to saint tiger225
quote:
but that's not what happens.
ITs the priority of the dual mandate.
Fed could end inflation immediately, but a hell of a lot of jobs would be lost.
This post was edited on 2/14/23 at 9:39 am
Posted on 2/14/23 at 9:41 am to RogerTheShrubber
Ah, I think I misread your post.
You're absolutely correct. I thought you originally meant more short term.
You're absolutely correct. I thought you originally meant more short term.
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