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Warning Signs of US Recession: A Potential Setback for Kamala Harris

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novacova
novacova

The dems are fiscal derelicts that have no interest whatsoever in reducing the debt, they want to crush the economy and destroy the middle class in order to have a government take over of the economy

cjinchiangrai
cjinchiangrai

Another propaganda post on behalf of Putin and Trump. Still voting for Harris. Never voting for an ignorant bigoted felon.

Cryingdick
Cryingdick

We did it Joe!

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placeholder Star Member

placeholder

Posted
Posted
4 hours ago, Cryingdick said:

Okay so the jobs numbers are coming out in the morning. If inflation has cooled because people don't have jobs or money that will be bad. I am not saying that will be the case but the algos sold off tonight. 

"If inflation has cooled because people don't have jobs or money that will be bad."

It's always the case that some people don't have jobs or money. It's the level of people who don't have jobs or money that counts.

candide Star Member

candide

Posted
Posted
37 minutes ago, Yellowtail said:

So, per your link, global inflation is up 80% as compared to 2020. 

 

Yet US inflation is up over 100%

Nice try. 2020 is Covid year, that why comparisons are usually made to 2019, the last "normal" year. Compared to 2019, the increase in the U.S. is less than half the global inflation increase.

Yellowtail Star Member

Yellowtail

Posted
Posted
17 minutes ago, candide said:

Nice try. 2020 is Covid year, that why comparisons are usually made to 2019, the last "normal" year. Compared to 2019, the increase in the U.S. is less than half the global inflation increase.

Show me

Yellowtail Star Member

Yellowtail

Posted
Posted
12 minutes ago, candide said:

That's the source I used for U.S. inflation. The source for global inflation is the one I posted before.

https://www.usinflationcalculator.com/inflation/current-inflation-rates/

 

U.S. inflation increase 2024/2019 2.9/2.3 compared to global inflation increase 5.94/3.52

 

CPI is used in your link, which does not include food and energy. 

 

Do you know if food and energy was excluded in the Statista link?

 

The CI US link is clear, the Statista link does not seem to say.

 

 

 

 

Chart: Inflation Woes Abound in Developed Nations | Statista

 

Yellowtail Star Member

Yellowtail

Posted
Posted
17 minutes ago, candide said:

There is no such exclusion from CPI. You are confusing with core inflation index.

You are correct, looks like core is 3.2 vs the 2.9 on all items, my bad. 

TedG Gold Member

TedG

Posted
Posted
4 hours ago, candide said:

And It's been the same all over the planet. How surprising! 😆

https://www.statista.com/statistics/256598/global-inflation-rate-compared-to-previous-year/

Screenshot_20240815-073359.png

 

https://www.economist.com/leaders/2023/05/11/joe-biden-is-more-responsible-for-high-inflation-than-for-abundant-jobs

 

 

Joe Biden is more responsible for high inflation than for abundant jobs

The main effect of the president’s economic policies has been to boost prices

 

 

  • Confused 1
TedG Gold Member

TedG

Posted
Posted
3 hours ago, candide said:

Nice try. 2020 is Covid year, that why comparisons are usually made to 2019, the last "normal" year. Compared to 2019, the increase in the U.S. is less than half the global inflation increase.

 

 

IMG_0116.jpeg

TedG Gold Member

TedG

Posted
Posted
2 hours ago, candide said:

That's the source I used for U.S. inflation. The source for global inflation is the one I posted before.

https://www.usinflationcalculator.com/inflation/current-inflation-rates/

 

U.S. inflation increase 2024/2019 2.9/2.3 compared to global inflation increase 5.94/3.52

 

Using the CPI-W for the USA

 

Jan 2019 245.133

Jun 2024 308.054 

 

308.054 - 245.133 = 62.921.            62.921/245.133 = 25.67%

 

Inflation is cumulative.  

TedG Gold Member

TedG

Posted
Posted
3 hours ago, candide said:

Nice try. 2020 is Covid year, that why comparisons are usually made to 2019, the last "normal" year. Compared to 2019, the increase in the U.S. is less than half the global inflation increase.

You should stop making up your own narrative to support your politics. 

TedG Gold Member

TedG

Posted
Posted
On 8/12/2024 at 5:59 PM, thaibeachlovers said:

IMO rich people love the stock market as it allows them to transfer money from the sheeple to themselves.

How does this work. 

  • Haha 1
TedG Gold Member

TedG

Posted
Posted
9 hours ago, placeholder said:

Really? Is he responsible for the high inflation that afflicted most of the world also? Reasonable people would understand to look elsewhere. Obviously supply chain disruption was a huge Factor.

Biden stimulus increased inflation by 4% in the USA.  

 

Mr Biden’s stimulus did, however, put a rocket under inflation. In April “core” consumer prices, which exclude energy and food, were 13.4% higher than when he came to office. They have risen more than in other g7 countries, and their acceleration coincided with the introduction of Mr Biden’s stimulus. Research suggests that, even by September 2022, the largesse was pushing up core inflation by about four percentage points.

 

https://www.economist.com/leaders/2023/05/11/joe-biden-is-more-responsible-for-high-inflation-than-for-abundant-jobs

candide Star Member

candide

Posted
Posted
8 minutes ago, TedG said:

You should stop making up your own narrative to support your politics. 

Not making up anything. 2020 is not a normal year and no one uses it as a comparison. You are showing your ignorance again.

candide Star Member

candide

Posted
Posted
8 minutes ago, TedG said:

What does a GDP graph have to do with inflation?  

It may be worth having a bit more inflation in order to get exceedingly more growth.

candide Star Member

candide

Posted
Posted
8 minutes ago, Yellowtail said:

How does GDP growth help the poor and middle class that are suffering from high inflation? 

Jobs? 

TedG Gold Member

TedG

Posted
Posted
Just now, candide said:

Not making up anything. 2020 is not a normal year and no one uses it as a comparison. You are showing your ignorance again.

 

I just showed you the cumulative inflation using the CPI-W  from Jan 2019 to Jun 2024.  A person who does not understand that inflation is cumulative should not call someone ignorant. 

TedG Gold Member

TedG

Posted
Posted
1 minute ago, candide said:

It may be worth having a bit more inflation in order to get exceedingly more growth.

Who is benefiting from GDP growth vs who is suffering from inflation? 

TedG Gold Member

TedG

Posted
Posted
3 minutes ago, candide said:

Jobs? 

 

What percentage of the GDP growth was driven by government spending? 

candide Star Member

candide

Posted
Posted
15 minutes ago, TedG said:

Using the CPI-W for the USA

 

Jan 2019 245.133

Jun 2024 308.054 

 

308.054 - 245.133 = 62.921.            62.921/245.133 = 25.67%

 

Inflation is cumulative.  

1. Why choose 1 January 2019? Biden was not President in 2019. You must choose December 2019

2. How does this increase compare with world inflation increase? ( that was my point)

TedG Gold Member

TedG

Posted
Posted
4 minutes ago, candide said:

1. Why choose 1 January 2019? Biden was not President in 2019. You must choose December 2019

2. How does this increase compare with world inflation increase? ( that was my point)

Here is the a link to the CPI-W table. 

 

https://www.ssa.gov/oact/STATS/cpiw.html

 

You can choose any endpoint you want.  If you go from Jan 2021 to Jun 2024 it’s about 20.7%. 

candide Star Member

candide

Posted
Posted
3 minutes ago, TedG said:

Who is benefiting from GDP growth vs who is suffering from inflation? 

The whole country benefits from GDP growth. That's why all governments try to increase it.

People suffer from inflation everywhere in the world, ex in the graph you posted, the EU only had a few % less inflation

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