What Happened to Inflation? Bidenomics

[TedG]

20 minutes ago, Roo Island said:

Sweden was a failure. They admitted it. Where do you get your news? Jeez

 

https://www.bbc.co.uk/news/world-europe-55347021

 

Coronavirus: Swedish King Carl XVI Gustaf says coronavirus approach 'has failed'

 

 

During the COVID-19 pandemic, Sweden was among the few countries that did not enforce strict lockdown measures but instead relied more on voluntary and sustainable mitigation recommendations. While supported by the majority of Swedes, this approach faced rapid and continuous criticism. Unfortunately, the respectful debate centered around scientific evidence often gave way to mudslinging. However, the available data on excess all-cause mortality rates indicate that Sweden experienced fewer deaths per population unit during the pandemic (2020–2022) than most high-income countries and was comparable to neighboring Nordic countries through the pandemic. An open, objective scientific dialogue is essential for learning and preparing for future outbreaks.

 

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10399217/

[TedG]

1 hour ago, Patong2021 said:

 

The key to citing  academic studies is to  actually reading the studies and  understanding the  subject matter.

As per the title A LITERATURE REVIEW AND META-ANALYSIS OF THE EFFECTS OF LOCKDOWNS ON COVID-19 MORTALITY     Do you see the key word Covid 19 Mortality?  It is not a study on economic impact, nor on social impact, ONLY Covid 19 mortality.

 

The shelter in place and reduced activity  strategy  primary objective was to protect critical components of national infrastructure. It was intended to ensure continuity of critical services and in that regard was a success. Prior to the restrictions, people were falling sick and booking off sick for weeks. The health system was in danger of collapse. Children may not have been at risk, but they carried the infections to their families where parents then imported the infections to their respective workplaces.   Had the measures not been in place, health networks would have crashed and first responder capabilities would have been significantly reduced. The restrictions were intended to protect food supplies, the energy grid, national defense, health care and to maintain civil order. They worked.

 

 

 

 

 

 

 

 

 

The COVID lock failed.  The benefit was not worth the draconian measures. 

 

[Patong2021]

1 hour ago, Cameroni said:

Absolute garbage. The lockdowns were a complete failure, Covid spread anyway and those countries that locked down hardest had the worst Covid death rates. 2 trillion USD of people's wealth was destroyed by idiot politicians failing to do their job and evaluating the lockdown option properly. 

 

Inflation was a direct result of the supply chain disruptions which the wholly unnecessary lockdowns caused. 

 What is garbage. What is factually incorrect? Did you read the  paper? You are confusing a temporary disruption with long term impact. We are less than 2 years out of the crisis, and yet  economies are nearly recovered. many of the problems we are facing today are because of idiotic  decisions made during the Reagan era that reduced taxes on the super wealthy, and increased national debt with no investment in  national infrastructure.

 

Supply chain disruptions were caused when large numbers of  logistic workers became ill and others refused to work for low wages in conditions that they deemed dangerous. That is the reality.

[Cameroni]

4 minutes ago, Patong2021 said:

 

 

Supply chain disruptions were caused when large numbers of  logistic workers became ill and others refused to work for low wages in conditions that they deemed dangerous. That is the reality.

What a bald faced, complete and utter lie! The lockdowns caused the supply chain disruptions. Not "large numbers of logistics workers" falling ill. The lockdowns caused the supply chain disruptions which led to the rampant inflation we are still paying for today. Almost your entire posts are an insult to the truth. 

[Roo Island]

45 minutes ago, Cameroni said:

Sweden was a success. The idiot king has no idea what shoe size he wears. Sweden had lower excess deaths than UK, Germany, Italy, Denmark, Spain and France, to name just a few. 

Put up a link proving it. Idiot king? Come on...jeez

[Roo Island]

35 minutes ago, TedG said:

 

 

During the COVID-19 pandemic, Sweden was among the few countries that did not enforce strict lockdown measures but instead relied more on voluntary and sustainable mitigation recommendations. While supported by the majority of Swedes, this approach faced rapid and continuous criticism. Unfortunately, the respectful debate centered around scientific evidence often gave way to mudslinging. However, the available data on excess all-cause mortality rates indicate that Sweden experienced fewer deaths per population unit during the pandemic (2020–2022) than most high-income countries and was comparable to neighboring Nordic countries through the pandemic. An open, objective scientific dialogue is essential for learning and preparing for future outbreaks.

 

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10399217/

However, there may also be other unknown explanations for our findings.

 

Like many other countries, Sweden largely failed to protect vulnerable older adults, especially before vaccines were rolled out (17). Hence, ~40% of the COVID-19-associated deaths were among patients in nursing homes, and 67% of all COVID-19 deaths were among individuals above 80 years of age, representing 10% of all deaths in that age group. COVID-19 deaths below 50 years of age represented only 1.2% of all COVID deaths, including 21 individuals below 20 years of age, mostly with underlying co-morbidities, representing 1% of all deaths in that age group (15).

 

 

Even though our presented results suggest that strict lockdowns of society may not be the most effective approach and could potentially have counterproductive effects, it is important to exercise caution when drawing practical implications from our analyses.

[mdr224]

I dont know anyone in thailand who died from covid. I do know plenty of people who were financially ruined by the lockdowns

[Roo Island]

11 minutes ago, Cameroni said:

What a bald faced, complete and utter lie! The lockdowns caused the supply chain disruptions. Not "large numbers of logistics workers" falling ill. The lockdowns caused the supply chain disruptions which led to the rampant inflation we are still paying for today. Almost your entire posts are an insult to the truth. 

Ummm...a global pandemic caused the supply chain disruptions. Hindsight is 20/20.

[Roo Island]

Just now, mdr224 said:

I dont know anyone in thailand who died from covid. I do know plenty of people who were financially ruined by the lockdowns

I know several that did. And many who suffered for years due to long covid.

[TedG]

2 hours ago, Roo Island said:

However, there may also be other unknown explanations for our findings.

 

Like many other countries, Sweden largely failed to protect vulnerable older adults, especially before vaccines were rolled out (17). Hence, ~40% of the COVID-19-associated deaths were among patients in nursing homes, and 67% of all COVID-19 deaths were among individuals above 80 years of age, representing 10% of all deaths in that age group. COVID-19 deaths below 50 years of age represented only 1.2% of all COVID deaths, including 21 individuals below 20 years of age, mostly with underlying co-morbidities, representing 1% of all deaths in that age group (15).

 

 

Even though our presented results suggest that strict lockdowns of society may not be the most effective approach and could potentially have counterproductive effects, it is important to exercise caution when drawing practical implications from our analyses.

That's a far cry from the disaster and failure you claimed.    COVID hit the old people in every country. 

[Paulgo]

On 8/23/2024 at 5:06 PM, Roo Island said:

Blame it on the politicians in the US and UK who didn't follow the science.

 

Thanks, Trump/Pence

Dr Faucci was the real problem 

[stoner]

2 hours ago, Roo Island said:

3 hours ago, Cameroni said:

What a bald faced, complete and utter lie! The lockdowns caused the supply chain disruptions. Not "large numbers of logistics workers" falling ill. The lockdowns caused the supply chain disruptions which led to the rampant inflation we are still paying for today. Almost your entire posts are an insult to the truth. 

Ummm...a global pandemic caused the supply chain disruptions. Hindsight is 20/20.

 

hindsight ? 

 

anyone with any sort of pulse knew it at the time. hindsight hahahah 

 

 

[metisdead]

A post with unattributed trolling content has been removed, please remember this from the Political Soapbox forum header:

• Stay on topic and back up any claims with credible sources.

[stoner]

1 hour ago, TedG said:

That's a far cry from the disaster and failure you claimed.    COVID hit the old people in every country. 

 

most of the covid death worldwide were people 65 and over. 

[Cameroni]

9 hours ago, Roo Island said:

Put up a link proving it.

 

With pleasure, esteemed fellow poster, for your own edification please observe the spectacular and overwhelming success that was Sweden's decision not to lock down, as provided by the OECD:

 

 

https://www.oecd-ilibrary.org/docserver/ec2de914-en.pdf?expires=1724563183&id=id&accname=guest&checksum=DC5C630813A94D245E5C56DAB0AD3913

[maesariang]

54 minutes ago, Cameroni said:

 

With pleasure, esteemed fellow poster, for your own edification please observe the spectacular and overwhelming success that was Sweden's decision not to lock down, as provided by the OECD:

 

 

https://www.oecd-ilibrary.org/docserver/ec2de914-en.pdf?expires=1724563183&id=id&accname=guest&checksum=DC5C630813A94D245E5C56DAB0AD3913

Yes lockdowns did nothing but delay death by months. Vitamin D, zinc, magnesium boost your immune system. 

[Will B Good]

4 minutes ago, maesariang said:

Yes lockdowns did nothing but delay death by months. Vitamin D, zinc, magnesium boost your immune system. 

6. Outcomes

 

• Sweden experienced a higher per capita death rate than its Nordic neighbors, which implemented stricter measures.

[maesariang]

11 hours ago, TedG said:

 

 

During the COVID-19 pandemic, Sweden was among the few countries that did not enforce strict lockdown measures but instead relied more on voluntary and sustainable mitigation recommendations. While supported by the majority of Swedes, this approach faced rapid and continuous criticism. Unfortunately, the respectful debate centered around scientific evidence often gave way to mudslinging. However, the available data on excess all-cause mortality rates indicate that Sweden experienced fewer deaths per population unit during the pandemic (2020–2022) than most high-income countries and was comparable to neighboring Nordic countries through the pandemic. An open, objective scientific dialogue is essential for learning and preparing for future outbreaks.

 

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10399217/

True. Just tell people to get sun and dose up on minerals.

[maesariang]

2 minutes ago, Will B Good said:

6. Outcomes

 

• Sweden experienced a higher per capita death rate than its Nordic neighbors, which implemented stricter measures.

So

[TedG]

3 hours ago, Will B Good said:

6. Outcomes

 

• Sweden experienced a higher per capita death rate than its Nordic neighbors, which implemented stricter measures.

 

https://www.statista.com/statistics/1110187/coronavirus-incidence-europe-by-country/

 

 

 

 

[Will B Good]

1 hour ago, TedG said:

 

https://www.statista.com/statistics/1110187/coronavirus-incidence-europe-by-country/

 

 

 

 

 

WOW...... A lot of countries that locked down did so much better than Sweden

[maesariang]

6 minutes ago, Will B Good said:

 

WOW...... A lot of countries that locked down did so much better than Sweden

Like more job losses and depression

[jas007]

On 8/23/2024 at 10:08 PM, Roo Island said:

We're at 3% now. Fed just announced a rate cut. Go figure

3%? Only if you believe in fairy tales.  As for Fed’s rate cut?  They don’t want the system to implode.   And now, who knows?  Probably more inflation, at least for a while.  Some people are seeing deflation, longer term.  And that might just happen.  Imagine all the bubbles that could pop. 

[Wrwest]

On 8/24/2024 at 5:22 PM, TedG said:

You need to toss in the dems.  They controlled the House and Senate.  

The 2017, 115 Congress passing the tax cuts resulting in a hughe increase in the imbalance was majority controlled and passed by the Republican majority House, Senate and then signed by Republican President?

[TedG]

7 hours ago, Wrwest said:

The 2017, 115 Congress passing the tax cuts resulting in a hughe increase in the imbalance was majority controlled and passed by the Republican majority House, Senate and then signed by Republican President?

 

Then the Dems ran the House and Senate during COVID and spent 5 trillion.   Then they followed up with even more spending when Biden became POTUS. 

[TedG]

 

….

[spidermike007]

Well, his supporters certainly don't want to look at this, but I believe Trump started this hyper inflationary cycle when he declared an insane trade war on China and Huawei, with hardly anything to back him up, other than hollow threats, and sanctions, which only hurt the US economy, and US consumers and businesses. The Chinese sensed sanctions coming and went out and cornered the world market on rare earth, chips, motherboards, circuit boards, and other materials. Companies started ramping down production due to Covid. Later, when they started to order these elements and parts, none were to be found or the price had skyrocketed. It started a massive supply chain issue with cell phone, computer and automotive components. Then the shipping issues came later. 

 

Few want to look back at where this started. At the time I said it was the single dumbest thing a politician had done since Chamberlain denied the bad intentions of the Nazis. Trump created hyper inflation, singlehandedly.

 

He added $2 Billion a month in tariff costs to the American consumer. 

He had a net-negative jobs creations for his administration. 

He decreased corporate taxes, passing the tax burden to the workers. 

He added $ 7.8 Trillion to the deficit - a full 25% of the total deficit. 

 

Thanks, Don. Stick with the blame game. Losing the election is on you. See ya! 

[maesariang]

Just now, spidermike007 said:

Trump created hyper inflation, singlehandedly.

What rubbish. Biggest lie ever.

[maesariang]

Four factors

1 supply chain - no fault

2 commodity prices in general - no fault

3 energy prices - on biden in part

4 excess spending - on biden in full

[Roo Island]

On 8/25/2024 at 12:09 PM, jas007 said:

3%? Only if you believe in fairy tales.  As for Fed’s rate cut?  They don’t want the system to implode.   And now, who knows?  Probably more inflation, at least for a while.  Some people are seeing deflation, longer term.  And that might just happen.  Imagine all the bubbles that could pop. 

You really need a better source for your information. Fed has already said cuts are coming. Keep up!

 

https://ycharts.com/indicators/us_inflation_rate