Tommy Callahan Posted June 12 Posted June 12 1 hour ago, The Frankish Reich said: 3.4% YOY now. The Fed decided some time ago, based on really nothing, that it would target 2 percent. Inflation rates during some notable boom times: Reagan years: 1983: 3.8 1984 (the famous landslide Reagan win): 3.9 Clinton years: 1994: 2.7 1995: 2.5 1996 (Clinton easily reelected): 3.3 LMAO. Now what changed in regard to calculating CPI since way back then? https://www.nytimes.com/2022/05/24/technology/inflation-measure-cpi-accuracy.html 1
The Frankish Reich Posted June 12 Posted June 12 9 minutes ago, Tommy Callahan said: LMAO. Now what changed in regard to calculating CPI since way back then? https://www.nytimes.com/2022/05/24/technology/inflation-measure-cpi-accuracy.html Now read the article and get back to me. 1
Tommy Callahan Posted June 12 Posted June 12 (edited) 21 minutes ago, The Frankish Reich said: Now read the article and get back to me. opinions by heavily biased people in a heavily biased site. but the point was that article explained what changed since the data you provided. Edited June 12 by Tommy Callahan 1
All_Pro_Bills Posted June 12 Posted June 12 3 hours ago, The Frankish Reich said: I do find these things interesting, just in (as you said) a fun fact kind of way. But I also know that the nominal price of something really tells me nothing. I do agree that huge deficits are a problem. I think we started on the right path in the Clinton years, then quickly abandoned all common sense thereafter. Another way of thinking of nominal prices is that the price of things doesn't go up but rather the value of a unit of currency goes down. 1 2
Biden is Mentally Fit Posted June 12 Posted June 12 6 hours ago, Tiberius said: JFC, the stock market ❤️ The index that you declared, via mystery math, had doubled on Biden‘s watch finished in the red today. Nice job dumbass. 2
Doc Posted June 12 Posted June 12 1 hour ago, Tommy Callahan said: The CPI doesn't cover most of those, does it? 2
The Frankish Reich Posted June 12 Posted June 12 14 minutes ago, JDHillFan said: The index that you declared, via mystery math, had doubled on Biden‘s watch finished in the red today. Nice job dumbass. Umm, the S&P 500 closed at an all-time high today. 3851 when Biden was inaugurated, 5421 at close today. Roughly +41 percent in 41 months. Not. Bad. At. All. https://www.cnbc.com/2024/06/11/stock-market-today-live-updates.html 1
Biden is Mentally Fit Posted June 12 Posted June 12 7 minutes ago, The Frankish Reich said: Umm, the S&P 500 closed at an all-time high today. 3851 when Biden was inaugurated, 5421 at close today. Roughly +41 percent in 41 months. Not. Bad. At. All. https://www.cnbc.com/2024/06/11/stock-market-today-live-updates.html Maybe you can help Tiberius with math. Straighten him out on the Dow. 2
Biden is Mentally Fit Posted June 12 Posted June 12 25 minutes ago, The Frankish Reich said: Umm, the S&P 500 closed at an all-time high today. 3851 when Biden was inaugurated, 5421 at close today. Roughly +41 percent in 41 months. Not. Bad. At. All. https://www.cnbc.com/2024/06/11/stock-market-today-live-updates.html https://www.cnn.com/2021/01/20/investing/dow-stock-market-trump-presidency/index.html just so we can compare apples to Orangeman - the S&P was up 67% under the tweeter in chief. That includes the pandemic. Not. Bad. At. All. 3
Tommy Callahan Posted June 12 Posted June 12 1 hour ago, The Frankish Reich said: Umm, the S&P 500 closed at an all-time high today. 3851 when Biden was inaugurated, 5421 at close today. Roughly +41 percent in 41 months. Not. Bad. At. All. https://www.cnbc.com/2024/06/11/stock-market-today-live-updates.html Pretty much lines up with the massive state spending. So ironic they called the one "the inflation reduction act". And the debt chart..... 1
The Frankish Reich Posted June 12 Posted June 12 1 hour ago, JDHillFan said: https://www.cnn.com/2021/01/20/investing/dow-stock-market-trump-presidency/index.html just so we can compare apples to Orangeman - the S&P was up 67% under the tweeter in chief. That includes the pandemic. Not. Bad. At. All. 48 months. Still time! And remember when Trump said a Biden presidency would mean the markets tank? 7 minutes ago, Tommy Callahan said: Pretty much lines up with the massive state spending. So ironic they called the one "the inflation reduction act". And the debt chart..... Does the massive COVID spending bill Trump signed also get credit? Look, I think the President has almost nothing to do with stock market performance. But fair is fair ... the rally post-COVID has basically continued unabated. 2
Biden is Mentally Fit Posted June 12 Posted June 12 30 minutes ago, The Frankish Reich said: And remember when Trump said a Biden presidency would mean the markets tank? Do you remember when the Nobel winning economist of the reliable NYT said something to the effect of “a first pass answer is never” regarding economic recovery immediately after the bad orange man was elected? 1
Big Blitz Posted June 13 Author Posted June 13 Hahahahahahaha So is the CPI data. All manipulated. 1 1
The Frankish Reich Posted June 13 Posted June 13 Just now, Big Blitz said: Hahahahahahaha So is the CPI data. All manipulated. Perhaps Mr. Edward Snowden should be scrutinizing the Kremlin's record of reliable economic statistics.
Tommy Callahan Posted June 13 Posted June 13 Its pretty easy to see. the massive stimuluses went directly to the investor class, who is doing very well in this economy, based on the GDP and Stocks. While every other quintile suffers. Never mind the steadily growing amount of homeless or old buildings/hotels being converted over to migrant shelters. Its steady profits for whoever own the properties. I dont know about other states, but up here in NY. the Federal rescue plan moneys are what is paying the huge tax deficits. What happens when those run out? 1
All_Pro_Bills Posted June 13 Posted June 13 (edited) 11 hours ago, The Frankish Reich said: Perhaps Mr. Edward Snowden should be scrutinizing the Kremlin's record of reliable economic statistics. Invoking the cleanest Pig in the mud hole argument does not absolve the administration from taking liberties with the facts. Similarly, you can break the thermometer and tell me its only 30 degrees when its really 100 degrees but breaking and falsifying the measurement doesn't keep me from experiencing a lot of discomfort and I'm not sure what you're talking about because it's friggin' hot as Hell! Edited June 13 by All_Pro_Bills 1
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