Anyone Afraid Of Inflation?

Up In Smoke

Well-Known Member
Food and energy is killing budgets. Wait until the recession starts causing job cutbacks.
Wages make up 65% of a businesses cost and wages are up nearly 17% since January 1, 2020. We need a recession to reset the wage scale and help ease inflation. Post pandemic hiring was very painful for employers and the costs get passed down.
 

Darmark7

Retired 2020. Not my Problem Anymore!
All you guys worried about inflation better listen to Biden and vote for Democrats this election. Republicans are going to cause inflation. Glad we finally got a leader with answers to save us.

 

Wally

BrownCafe Innovator & King of Puns
All you guys worried about inflation better listen to Biden and vote for Democrats this election. Republicans are going to cause inflation. Glad we finally got a leader with answers to save us.

That's all he's got, the social security card? Lol
 

Wally

BrownCafe Innovator & King of Puns
Wages make up 65% of a businesses cost and wages are up nearly 17% since January 1, 2020. We need a recession to reset the wage scale and help ease inflation. Post pandemic hiring was very painful for employers and the costs get passed down.
So is Roubini wrong saying the Fed will wimp out and ease up?
 

Up In Smoke

Well-Known Member
So is Roubini wrong saying the Fed will wimp out and ease up?
Yes, this was 20 years in the making. Bad policies, over spending, wars, healthcare, cash for clunkers, subsidies, green energy and on and on and on. The rubber has met the road and it's time to get our house in order. If Powell puts the market ahead of inflation he's crazy. We can't spend our way out of this again.
 

Future

Victory Ride
At least he has an Obama phone and food stamps
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