CONSUMER PRICE INDEX: MORE BAD NEWS THANKS TO PRES.MORON

Grokmaster

Grokmaster

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Inflation higher than in over a decade...


WASHINGTON (AP) — Gas prices are rising. Auto prices are soaring. Consumer goods companies are charging more for household basics like toilet paper, peanut butter and soft drinks.

All of which is resurrecting fears of an economic threat that has all but disappeared over the past generation: Runaway inflation. It occurs when prices for most goods and services not only rise but accelerate, making the cost of living steadily more expensive and shrinking the purchasing power of Americans’ earnings and savings.

Growing jitters about inflation have contributed to a sharp sell-off in stock prices this week. Any significant acceleration of inflation would exert a drag on the market and potentially imperil the economic recovery.


https://www.wrbl.com/news/national/explainer-why-are-fears-of-high-inflation-getting-worse/




US STOCKS-Futures slip with focus on inflation report


May 12 (Reuters) - U.S. stock index futures slipped on Wednesday as investors cautiously awaited inflation data that could force the Federal Reserve to reconsider its ultra-loose monetary policy.

The U.S. consumer price index (CPI) is expected to rise 0.2% in April after jumping 0.6% in March, while year-over-year CPI is expected to gain 3.6%, data at 8:30 a.m. ET (1230 GMT) is likely to show.


https://finance.yahoo.com/news/us-stocks-futures-slip-focus-103928767.html
 
HIGHEST INFLATION SINCE THE OBAMA IDIOCY.

PRES.MORON KILLED A MAJOR OIL PIPELINE ON #DAY ONE OF HIS IDIOCY...NOW THE NATION IS FACING FUEL SHORTAGE THANKS TO THE BIDEN INTEL SERVICES TOTAL FAILURE IN DETECTING/DEFENDING HACK ON LARGEST PIPELINE SYSTEM WE HAVE LEFT.

NATURAL GAS SHORTAGES LIKELY NEXT WINTER, SINCE HIS ASININE ATTACK ON THAT INDUSTRY, AS WELL....


NOTHING MORE IDIOTIC THAN DEMOCRATS; GIVING AWAY OTHER PEOPLES' MONEY IS WHAT THEY CALL "GOVERNING"...AND ARE CLUELESS ABOUT HOW TO ACTUALLY GOVERN...
 
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YAY, LEFTIDIOTS!!
 
year-over-year CPI is expected to gain 3.6%,
Biden is such a fuck up..stimulating an overstimulated economy -no surprise inflation follows
 
anatta said:
year-over-year CPI is expected to gain 3.6%,
Click to expand...

Good!

It should go up because you destroyed it last year when you lied about COVID and your lies ended up tanking the economy because you turned isolated outbreaks into a pandemic.

That 3.6% increase doesn't even get us back to where we were before you destroyed everything with your COVID lies.
 
anatta said:
Biden is such a fuck up..stimulating an overstimulated economy -no surprise inflation follows
Click to expand...

There is no such thing as an "overstimulated economy", there are only periods of increased demand and periods of decreased demand.

You try to make people think you know what you're talking about when it comes to economics, but the truth is that you know less about it than they do.

Also, your tax cuts plunged manufacturing into a recession in 2019:

U.S. manufacturing was in a mild recession during 2019, a sore spot for the economy
https://www.washingtonpost.com/busi...mild-recession-during-2019-sore-spot-economy/

And the rest of the economy followed a year later, before any COVID lockdowns started:

It's official: Recession began in February, ending longest U.S. expansion ever
https://www.cbsnews.com/news/united-states-recession-started-february/

And then you lost about 40M jobs and contracted the economy by 33% because you couldn't control the lies that were coming out of your mouth.
 
LV426 said:
There is no such thing as an "overstimulated economy", there are only periods of increased demand and periods of decreased demand.
Click to expand...
pumping in too much money is overstimulating, regardless of demand it's too much money chasing goods and services that cause price rises.
I love your voodoo economics..
 
anatta said:
pumping in too much money is overstimulating
Click to expand...

You can't artificially overstimulate an economy.

You can't even organically overstimulate an economy.

Economies can't be overstimulated; that's a complete fallacy.

If what you're worried about is a recession, then I would say to that a recession only occurs when spending contracts, but if growth goes from 6% in Q1 to 1% in Q2, that's not indicative of an economy that is overstimulated, because there is no economic contraction.

Stop pretending like you know what you're talking about, because you do not.



regardless of demand it's too much money chasing goods and services that cause price rises.
Click to expand...
\\\

Listen to the stupidity of what you're saying: it's a bad thing that people are spending money in the economy, and that is causing demand to rise, which will always result in price increases BECAUSE OF SUPPLY AND DEMAND.

How fucking stupid are you? Do you lie about yourself like this outside of JPP, or what? What gives?


I love your voodoo economics..
Click to expand...

You promised growth of "at least 3%" from the tax cut, but you never hit that target, and a year after the tax cut, manufacturing plunged into a recession; and a year after that, the rest of the economy followed before any COVID lockdowns started.
 
anatta said:
regardless of demand it's too much money chasing goods and services that cause price rises.
Click to expand...

This clearly articulates that you have no fucking clue what you're talking about.

Increased demand is always going to result in increased prices.

That is supposed to be balanced out by wage increases because of a tighter labor market, with employers seeking to fill the demand by increasing their supply.

This is Macroeconomics 101 that you have never, ever been taught.

You fake it and wing it because you're too lazy or too scared to learn about it.

This is why Conservatives always leave behind economic catastrophe; none of you clowns know anything.
 
As usual, the subtlety of the economic news is completely lost on the Trumptards and on Putin's little marionette.

Inflation is narrowly centered on selected items or products. Specifically, oil prices, prices of building materials, and chicken...... yep, chicken.

So, what categories have risen the most in the last 12 months, and why?

Energy up 25%, lead by gas which has increased 49%. That has ABSOLUTETLY NOTHING to do with an 'overstimulated economy'. It has everything to do with the fact that mobility has increased and we are moving into the summer. DUH.
Used cars and trucks (as opposed to new cars) up 21%. That would indicate an economy that has sputtered over the last 12 months meaning people have forgone new cars. Again, NOTHING to do with an 'overstimulated economy'.
Physicians services up 4.9% Maybe more demand? Not really a big deal, and certainly not a good or service that is being 'chased' by money in an overstimulated economy.
Tobacco products up 6.8%. Maybe everyone should quit fucking smoking. Problem solved
Airfares. Obvious reason. They were next to nothing a year ago. Up 9.6.
Finally, auto insurance. Obvious again, there were deep discounts a year ago because NO ONE WAS FUCKING DRIVING.

Other than those categories, nothing is up more than 3.5%

Bottom line? This is not traditional inflation. It is focused in the energy sector and is specifically caused by the restart of the economy. But in a rush to score points and sound like they have a clue, the Trumptards and Putin's puppet are whining about an increase in the money supply, which has almost nothing to do with the CPI increase.
 
Concart said:
As usual, the subtlety of the economic news is completely lost on the Trumptards and on Putin's little marionette.

Inflation is narrowly centered on selected items or products. Specifically, oil prices, prices of building materials, and chicken...... yep, chicken.

So, what categories have risen the most in the last 12 months, and why?

Energy up 25%, lead by gas which has increased 49%. That has ABSOLUTETLY NOTHING to do with an 'overstimulated economy'. It has everything to do with the fact that mobility has increased and we are moving into the summer. DUH.
Used cars and trucks (as opposed to new cars) up 21%. That would indicate an economy that has sputtered over the last 12 months meaning people have forgone new cars. Again, NOTHING to do with an 'overstimulated economy'.
Physicians services up 4.9% Maybe more demand? Not really a big deal, and certainly not a good or service that is being 'chased' by money in an overstimulated economy.
Tobacco products up 6.8%. Maybe everyone should quit fucking smoking. Problem solved
Airfares. Obvious reason. They were next to nothing a year ago. Up 9.6.
Finally, auto insurance. Obvious again, there were deep discounts a year ago because NO ONE WAS FUCKING DRIVING.

Other than those categories, nothing is up more than 3.5%

Bottom line? This is not traditional inflation. It is focused in the energy sector and is specifically caused by the restart of the economy. But in a rush to score points and sound like they have a clue, the Trumptards and Putin's puppet are whining about an increase in the money supply, which has almost nothing to do with the CPI increase.
Click to expand...

AS USUAL, THE LIE-O-CRAT MORONS IMMEDIATELY START MAKING UP BULLSHIT TO TRY TO GASLIGHT EVERYONE.

OUR ENTIRE ECONOMY IS FOCUSED ON THE ENERGY SECTOR, (ALWAYS HAS BEEN) DUMBFUCK, AND PRES.MORON HAS DISMANTLED/DAMAGED IT SIGNIFICANTLY.

ENERGY COSTRS ARE NOT FEATURED INTO THE PRICE INDEX, HOWEVER...AT LEAST NOT DIRECTLY.



AN INTEL FAILURE TO CATCH THE HACKERS, AND HIS ASININE ORDER TO STOP THE KEYSTONE XL.


ALL CONSUMER RETAIL IS DEPENDENT ON INEXPENSIVE ENERGY TO PRODUCE AND DISTRIBUTE GOODS.

IDIOT-O-CRATS ONCE AGAIN PROVE THAT THEY COULDN'T RUN A LEMONADE STAND WITHOUT A GOVERNMENT HANDOUT.


HIGHEST INFLATION IN WELL OVER A DECADE.



Inflation Rises in April at Highest Rate in More Than a Decade

The spike was well above expectations and spooked the markets.



Inflation rose 0.8% in April and 4.2% on an annual basis, the highest spike since 2008 driven by a huge increase in used car and truck prices and food, the Bureau of Labor Statistics reported on Wednesday.

The core index, which excludes food and energy costs, rose 0.9%, up 3% for the year.


The report led to an immediate 200-point drop in Dow Jones futures. That follows Tuesday's 474-point drop in the Dow Jones Industrial Average. Economists were expecting a 3.6% annual rise.



https://www.usnews.com/news/economy...n-april-at-highest-rate-in-more-than-a-decade
 
Grokmaster said:
AS USUAL, THE LIE-O-CRAT MORONS IMMEDIATELY START MAKING UP BULLSHIT TO TRY TO GASLIGHT EVERYONE.

OUR ENTIRE ECONOMY IS FOCUSED ON THE ENERGY SECTOR, (ALWAYS HAS BEEN) DUMBFUCK, AND PRES.MORON HAS DISMANTLED/DAMAGED IT SIGNIFICANTLY.

ENERGY COSTRS ARE NOT FEATURED INTO THE PRICE INDEX, HOWEVER...AT LEAST NOT DIRECTLY.



AN INTEL FAILURE TO CATCH THE HACKERS, AND HIS ASININE ORDER TO STOP THE KEYSTONE XL.


ALL CONSUMER RETAIL IS DEPENDENT ON INEXPENSIVE ENERGY TO PRODUCE AND DISTRIBUTE GOODS.

IDIOT-O-CRATS ONCE AGAIN PROVE THAT THEY COULDN'T RUN A LEMONADE STAND WITHOUT A GOVERNMENT HANDOUT.


HIGHEST INFLATION IN WELL OVER A DECADE.



Inflation Rises in April at Highest Rate in More Than a Decade

The spike was well above expectations and spooked the markets.



Inflation rose 0.8% in April and 4.2% on an annual basis, the highest spike since 2008 driven by a huge increase in used car and truck prices and food, the Bureau of Labor Statistics reported on Wednesday.

The core index, which excludes food and energy costs, rose 0.9%, up 3% for the year.


The report led to an immediate 200-point drop in Dow Jones futures. That follows Tuesday's 474-point drop in the Dow Jones Industrial Average. Economists were expecting a 3.6% annual rise.



https://www.usnews.com/news/economy...n-april-at-highest-rate-in-more-than-a-decade
Click to expand...

ROTFLMFAO!!!! How many stupid statements can you make in a day. Energy costs aren't part of the CPI?? Fuck, how did you get THIS fucking stupid. It's sublime.

https://www.bls.gov/news.release/pdf/cpi.pdf

What is the 'Energy' section? Energy drinks? Energy bars? You are a moron.
 
Concart said:
ROTFLMFAO!!!! How many stupid statements can you make in a day. Energy costs aren't part of the CPI?? Fuck, how did you get THIS fucking stupid. It's sublime.

https://www.bls.gov/news.release/pdf/cpi.pdf

What is the 'Energy' section? Energy drinks? Energy bars? You are a moron.
Click to expand...
NOT DIRECTLY , MORON. HAVE ONE OF THE GROWNUPS READ THE LINKS FOR YOU....


" The core index, which excludes food and energy costs, rose 0.9%, up 3% for the year."
 
Concart said:
ROTFLMFAO!!!! How many stupid statements can you make in a day. Energy costs aren't part of the CPI?? Fuck, how did you get THIS fucking stupid. It's sublime.

https://www.bls.gov/news.release/pdf/cpi.pdf

What is the 'Energy' section? Energy drinks? Energy bars? You are a moron.
Click to expand...
NOT DIRECTLY , MORON. HAVE ONE OF THE GROWNUPS READ THE LINKS FOR YOU....


" The core index, which excludes food and energy costs, rose 0.9%, up 3% for the year."


THE MORON BIDEN'S POLICIES AND INCOMPETENCE HAVE MASSIVELY DAMAGED THE ENRGY SECTOR, AND OUR ECONOMY IN GENERAL ,AS THE NUMBERS CLEARLY SHOW.


DUNCE-O-CRATS COULDN'T RUN A LEMONADE STAND...
 
Grokmaster said:
NOT DIRECTLY , MORON. HAVE ONE OF THE GROWNUPS READ THE LINKS FOR YOU....


" The core index, which excludes food and energy costs, rose 0.9%, up 3% for the year."


THE MORON BIDEN'S POLICIES AND INCOMPETENCE HAVE MASSIVELY DAMAGED THE ENRGY SECTOR, AND OUR ECONOMY IN GENERAL ,AS THE NUMBERS CLEARLY SHOW.


DUNCE-O-CRATS COULDN'T RUN A LEMONADE STAND...
Click to expand...

There are two CPIs, the one that is published includes energy. That is where the bulk of the inflation is from. 3% inflation is slightly high but not out of the normal range.
 
Concart said:
There are two CPIs, the one that is published includes energy. That is where the bulk of the inflation is from. 3% inflation is slightly high but not out of the normal range.
Click to expand...

WE'LL JUST PRETEND I DIDN'T JUST BLOW YOUR SHIT OUT OF THE WATER....AGAIN.

THE ATTACK ON OUR ENERGY INDUSTRY IS DEFINEITELY DAMAGING THE ENTIRE ECONOMY.


NO SHIT.


THANK YOU PRES. MORON, AND THE DUNCE-O-CRATS.


FUCKING IDIOTS....


 
Grokmaster said:
WE'LL JUST PRETEND I DIDN'T JUST BLOW YOUR SHIT OUT OF THE WATER....AGAIN.

THE ATTACK ON OUR ENERGY INDUSTRY IS DEFINEITELY DAMAGING THE ENTIRE ECONOMY.


NO SHIT.


THANK YOU PRES. MORON, AND THE DUNCE-O-CRATS.


FUCKING IDIOTS....
Click to expand...

You didn't. You were not aware of how the CPI works. I schooled you. You can't even figure out a simple sort, how would I expect you to understand this. The fact is that other than energy, inflation is at 3.0 percent for the year, and much of that is pandemic related. It has nothing to do with Biden's policies or an overstimulated economy.
 
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