I will have to research more on tariffs. Bidens continuing Trumps trade policy could also be a factor.
https://www.cnbc.com/2022/06/21/for...ifting-china-tariffs-could-cut-inflation.html
Elon Musk | Owner of X
- Thread starter Pogue Mahone
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https://www.cnbc.com/2022/06/21/for...ifting-china-tariffs-could-cut-inflation.html
It's crazy that Elon is the only one who seems to care about the kids.
I mean, he's fathered about half of them, so I guess it makes sense.
This whole obsession with paedophilia is front and centre for right wing cranks at the moment. They’re weaponising it for political gain. Not ideal to see Musk has swallowed this agenda, hook line and sinker.
While it's worrying that a member of the Caf seems to be engaging with or adhering to this guy, it's more troubling that the only people Elon Musk now engages with on Twitter are alt-right/white supremacist or similar individuals. He engages with vile racists in his mentions and takes their input as valid. It's incredibly dangerous for the wealthiest man in the world to be turning into Henry Ford.
This is not the first time. Anyone alive in the US in the 80's will remember the Satanic Abuse "crisis" of the 80's and 90's, highlighted by the McMartin Preschool scandal. Nothing rials people up like the thought of their child being abused, it is why the tactic is so powerful, and so dangerous.
Are you serious right now? The current inflation is caused by a combination of post-COVID shipping issues and the Russian invasion which are massively disrupting global fuel prices and heavily driving global inflation. It has basically nothing to do with Biden at the moment. This is pretty much the consensus view.
Here is the Wall Street Journal, hardly a bastion of leftist thought explaining it to you:
"I conceptualize the failure to anticipate how long supply-chain problems would last as placing excessive faith in capitalism. We economists tend to believe that profit-seeking capitalists will sniff out, act on and profit from high prices whenever and wherever they pop up. You know: Buy low, sell high. That’s happening, but far more slowly than I imagined. In addition, new waves of Covid keep coming.
Much of the rest of the error in forecasting inflation can be traced directly to the war in Ukraine, which has severely constricted the world’s supplies of oil, wheat, fertilizer and other products. CPI data show that food inflation and energy inflation together have added about 2.6 percentage points to the overall inflation rate over the last 12 months."
You can also look into how the COVID induced rise of shipping costs have contributed to rising prices around the world. At one point the cost of a 40-foot shipping had risen from around $1,300 pre-COVID to $11,000 or even thousands more at peak. Your takes here really ignore the impact of global events and how much they affect global inflation (which will obviously differ from nation to nation due to how exposed different countries are to these factors). The globalized economy has pretty much never experienced a disruption to shipping the way COVID did so it's expected to cause problems like this over a few years while everything adjusts. And Russia's invasion has had a massive impact on fuel costs and food costs (although, again, that's going to differ depending on the country).
You add in the Fed (and other central banks) to a much smaller degree because their error was in poorly forecasting the impact of post-COVID shipping and the Russian invasion as the WSJ mentions so yes, it's a factor but one dependent on the two important worldwide conditions.
Blaming Biden is just ignorance.
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Would you rather have Boris Johnson or Elon Musk as your dad?
There's a strong chance either could be
Please don’t rush to do it for my sake.
Some quotes from Paul Ray Ramsey, Musk's and @thegregster's (new?) buddy:
The 19th amendment gave women the right to vote in the US.
Anders Behring Breivik is a nazi who killed 77 people in a terrorist attack.
Edit: fixed quotes.
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He might be a wrong' un
Milton Friedman
Damn, Norway joined the EU without even telling us? I knew our inflation numbers had to be their fault somehow.
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Stock market was going great this year. Until that little thing happened. Ah yes, it was the war.
Blaming Biden for that is somewhere between idiotic and dishonest.
He’s a craven criminal and anyone that likes him is almost always weird as feck.
Hmmm, same policy during Trump's era that increased the public debt from 19T to 28T, more than any other president during 4 years.
Republicans love to talk about monetary policies. When they are in opposition, of course.
His abject vandalism of disaffected youths suggests he doesn’t give a feck about children.
Indeed. I'm against Trumps/Rep economic policies especially those from 2016-2020. Eg new tariffs,running a budget deficit in his first year and then let it increase etc.
You can’t put foundations of your argument in $ market value and then say the market has no idea about the value of things.
That’s among the dumbest things I can imagine.
“Look how valuable this things is!”
[Stock tanks]
“It was overvalued anyway. I knew this”
Like…. What, the even?
The current inflation has not much to do with Biden though. US spent more money than it had. Under Clinton, under Bush, under Obama, under Trump. There might have been reasons for that (war for Bush, Obamacare for Obama, covid for Trump), but it still happened under both Republican and Democrat presidents. Bush doubled the public debt, so did Obama, and Trump increased by half (for only 4 years). In total, the public debt increased as much under Trump in 4 years as under Obama for 8.
Add to that global macroeconomic problems, high costs of oil, and especially the war in Ukraine, and shit happened. It had to happen, of course. You always pay the price for mismanagement and bad fiscal policies, sooner or later.
Economic bubble. Created by Biden and his buddies in both houses.
https://en.m.wikipedia.org/wiki/Economic_bubble
To be fair, even after stock tanking, Tesla is the 7th most valuable company in the world. And if the stock further tanks for 50%, it would be the 27th, just behind Meta (and way ahead of Toyota (45th) and VW (154th)).
Ah! I see you've made an exception for me
Oh and btw, I've seen the error of my ways.
You don’t understand what I wrote.
He doesn't understand what he's writing either.
Firing people who stayed on despite the shambolic takeover just before Thanksgiving.
It's funny that a couple pages ago we had someone saying something in the likes of "relax and enjoy the ride. What could go wrong?", followed almost inmediately by a guy quoting a Twitter nutjob while blaming liberals for pedophilia and Biden for worldwide inflation. Well, THAT could go wrong. Who controls and/or gatekeeps information, is actually a big deal.
I asume some people thought "What could go wrong" when Trump announced in 2015.
I asume some people thought "What could go wrong" when Trump announced in 2015.
No wars happened when he was in office tbf
Nope, he just polarized the country, staged a coup attempt, enabled Putin and weakened NATO, most of which were fundamental to what ocurred later. But no, no wars at sight with him on the helm.
Whoever that guy is, i hope he dies.
Harsh on @Pexbo
I’ll take it.
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He knows exactly what he’s doing. Polling on his own account followed by mostly right wing losers.
Harsh on @thegregster
He saw how successful TruthSocial is and thought “I want me some of that”.