should concern us all. Why? Because the market players are all in on the game. They will make their money on the run up and flee the market and American consumers will once again get hammered. This is Jimmy Carter’s financial environment. It’s not going to be pretty.
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That is on top of all the deficit spending in your typical federal budget.
Add in the $1+ trillion infrastructure bill, and the $3-4 trillion Biden Budget Blowout and we are talking about real money, genius.
Or was it spent during the Trump era?
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impact will compound this and it hasn't even hit yet. And then on top of it all, you want to bring us down completely with a 4T+ BBB plan (remember that the CBO finds these plans to be a lot more than what they are sold as also).
Are you really so blind that you can't see the evidence in front of your nose?!
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That money is already in the economy, and we have 7-ish% inflation. Add another 4-5 trillion and what are we going to get?
I know you are intrigued by MMM. Do you know what the response of MMM is supposed to be for inflation? Jacking up taxes to slow the economy…not spending even more.
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The collapse will happen after inflation is so great that the hoi polloi can no longer afford a lot of items...
Today's inflation, it's cause comes from those QEs in Obama era. Fed stimulated the economy then not through interest rates but through the purchase of private and public sector bonds. They printed money at an unprecedented rate in history and did not take inflation into account. They feared deflation then if you remember. But the speed of money circulation was very slow, much much slower than coronavirus. Of course it's slow, it's huge money. So inflation didn't show up then and after until today.
The board had a lot of talks on QE back then.
This time it will be because of COVID and the Green New Deal.
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Or is this just his term of endearment for those whose opinions differ from his own?
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I don’t like profligate spending or tolerance of criminal behavior but I want the best for everyone.
Much like Chris below and Conor and Jimbasil. When they have no response they deflect.
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The markets are in on the game! PB has sniffed it out! The truth is out there!
Or, the markets just aren't that concerned that inflation is a long-term issue.
Whichever.
happens? Please explain your all knowing thoughts?
The Fed does not appear worried; neither do the markets.
They seem to think that this a temporary, post-pandemic phenomenon. Hopefully they are right.
Oh I’m sure we can absorb that with inflation running at 8%. It won’t go higher will it? Stop thinking with your political perspective and come into the real world.