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07-31-2022, 05:50 PM
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#1
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Registered User
Join Date: May 2011
Posts: 22,629
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what month / year will inflation get below 6%?
the current administration says it is just 'transitory' ....
What month/year do you feel it will get below 6%?
My guess is October 2022 when Biden and his administration change their textbook definition of how it is calculated.
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07-31-2022, 05:57 PM
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#2
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Resurrectionist
Join Date: Jan 2017
Location: Cheyenne, Wy
Posts: 3,615
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Quote:
Originally Posted by davew
the current administration says it is just 'transitory' ....
What month/year do you feel it will get below 6%?
My guess is October 2022 when Biden and his administration change their textbook definition of how it is calculated.
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Very astute Dave! 
__________________
Battle is the most magnificent competition in which a human being can indulge. It brings out all that is best; it removes all that is base. All men are afraid in battle. The coward is the one who lets his fear overcome his sense of duty. Duty is the essence of manhood.
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07-31-2022, 05:57 PM
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#3
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Registered User
Join Date: Jun 2008
Posts: 10,158
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April 2023. Inflation is still strengthening btw. Gonna be a rough ride.
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07-31-2022, 07:23 PM
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#4
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Registered User
Join Date: Mar 2017
Location: Baystater
Posts: 3,475
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Mostie and Biden say it's all Putins fault. I say bullshit to them. The real shit show is at least 4 million illegal immigrants now in the demand line. Increased demand equals more inflation. increased rents, increased commodities cost, demands on the power grid... you name it, costs of living will continue to rise.
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07-31-2022, 07:41 PM
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#5
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Registered User
Join Date: May 2011
Posts: 22,629
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some have predicted it will never get below 6% again because of the politicians being so busy spending other peoples and phantom money ....
hyper-inflation, third world status here we come ?
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07-31-2022, 08:23 PM
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#6
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Registered User
Join Date: Oct 2007
Location: North Riverside, Il.
Posts: 16,083
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Quote:
Originally Posted by davew
the current administration says it is just 'transitory' ....
What month/year do you feel it will get below 6%?
My guess is October 2022 when Biden and his administration change their textbook definition of how it is calculated.
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By the end of the year and it will have nothing to do with any definition.
__________________
"When you come at the King, You'd best not miss." Omar Little
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07-31-2022, 08:24 PM
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#7
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Registered User
Join Date: Oct 2007
Location: North Riverside, Il.
Posts: 16,083
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Quote:
Originally Posted by jimmyb
Mostie and Biden say it's all Putins fault. I say bullshit to them. The real shit show is at least 4 million illegal immigrants now in the demand line. Increased demand equals more inflation. increased rents, increased commodities cost, demands on the power grid... you name it, costs of living will continue to rise.
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Nothing to do with immigrants, legal or otherwise.
__________________
"When you come at the King, You'd best not miss." Omar Little
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07-31-2022, 08:44 PM
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#8
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Registered User
Join Date: Jan 2015
Location: Beaverdam Virginia
Posts: 12,632
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Quote:
Originally Posted by mostpost
Nothing to do with immigrants, legal or otherwise.
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Another liberal talking point, that is 100% false. Where did all the money come from to support these immigrants? Bleeding heart liberals need to start sponsoring them so they aren't a tax payer burden.
Last edited by Inner Dirt; 07-31-2022 at 08:45 PM.
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07-31-2022, 08:47 PM
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#9
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Registered User
Join Date: Jan 2015
Location: Beaverdam Virginia
Posts: 12,632
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Quote:
Originally Posted by tucker6
April 2023. Inflation is still strengthening btw. Gonna be a rough ride.
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I think no way will it last that long, a recession will start lowering demand.
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07-31-2022, 08:55 PM
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#10
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Why are we talking about recession , when we had the best month since 2020??
And we are almost in the holiday season .....when spending increases
Last edited by geroge.burns99; 07-31-2022 at 08:56 PM.
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07-31-2022, 09:14 PM
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#11
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Registered User
Join Date: Jun 2008
Posts: 10,158
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Quote:
Originally Posted by Inner Dirt
I think no way will it last that long, a recession will start lowering demand.
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There are many reasons for a recession.
The supply side is plenty messed up due to bottlenecks and is a significant cause of inflation.
On the flipside, govt spending will counter the lessening of personal demand spending. Combined, those two issues will slow the lessening of inflation
The question for you and others is "why do you believe I'm too pessimistic"?
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07-31-2022, 10:15 PM
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#12
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Registered User
Join Date: Aug 2017
Location: Near Lexington, KY
Posts: 3,246
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Quote:
Originally Posted by mostpost
By the end of the year and it will have nothing to do with any definition.
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Wrong. Like every single post you have made about this Administration, Genius. This is indisputable.
You, like this Shitheaded Administration, have...no...clue.
__________________
Just when you least expect it...just what you least expect-The Pet Shop Boys.
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07-31-2022, 10:18 PM
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#13
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Registered User
Join Date: Aug 2017
Location: Near Lexington, KY
Posts: 3,246
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Quote:
Originally Posted by Inner Dirt
I think no way will it last that long, a recession will start lowering demand.
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Already happening in my area, Friend.
I live about a mile away from an Interstate 75 interchange. It is disheartening how slow it is for the three fuel stations, one truckstop, and 10 restaurants...during the Summer.
__________________
Just when you least expect it...just what you least expect-The Pet Shop Boys.
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07-31-2022, 10:32 PM
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#14
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Registered User
Join Date: Jan 2015
Location: Beaverdam Virginia
Posts: 12,632
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Quote:
Originally Posted by tucker6
There are many reasons for a recession.
The supply side is plenty messed up due to bottlenecks and is a significant cause of inflation.
On the flipside, govt spending will counter the lessening of personal demand spending. Combined, those two issues will slow the lessening of inflation
The question for you and others is "why do you believe I'm too pessimistic"?
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I never went past economics 101, as a freshman in college. I am projecting government spending and money for nothing will get rained in, with the red wave coming in mid terms. I also think the damage inflation has inflicted on people's savings and on businesses will start rearing it's ugly head.
I don't think you are too pessimistic, I think we are all just predicting different types of bad things are going to happen and when. I think we are going to have another real estate crash. I have no idea if people learned from the last one. I unfortunately had a business serving an industry that never recovered from the recession of 2008 and had to start over. I stayed in the pocket too long due to the fact I was gaining market share in a contracting market, so I thought I could ride out the storm, oops, I was wrong.
While some businesses might be pulling record profits these days providing the necessities of life, there are plenty who rely on peoples disposable income to survive. I wonder how many restaurants didn't or won't survive the double whammy? First they have Covid crap, now inflation. I am sure many a person decided Friday night dinner out has to be put on hold because too much money is going in the gas tanks and to buy groceries.
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07-31-2022, 10:43 PM
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#15
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Registered User
Join Date: Aug 2017
Location: Near Lexington, KY
Posts: 3,246
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Quote:
Originally Posted by Inner Dirt
I never went past economics 101, as a freshman in college. I am projecting government spending and money for nothing will get rained in, with the red wave coming in mid terms. I also think the damage inflation has inflicted on people's savings and on businesses will start rearing it's ugly head.
I don't think you are too pessimistic, I think we are all just predicting different types of bad things are going to happen and when. I think we are going to have another real estate crash. I have no idea if people learned from the last one. I unfortunately had a business serving an industry that never recovered from the recession of 2008 and had to start over. I stayed in the pocket too long due to the fact I was gaining market share in a contracting market, so I thought I could ride out the storm, oops, I was wrong.
While some businesses might be pulling record profits these days providing the necessities of life, there are plenty who rely on peoples disposable income to survive. I wonder how many restaurants didn't or won't survive the double whammy? First they have Covid crap, now inflation. I am sure many a person decided Friday night dinner out has to be put on hold because too much money is going in the gas tanks and to buy groceries.
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Inner Dirt...everything you said in your last paragraph is very real and happening as we speak. Where I live...Restaurants are not hard at all to get into...and a lot more people are shopping at the Grocery Stores, with their carts much more full. I can see it in People's faces...they aren't used to this.
They better get used to it quickly. Things will get better...but will worsen beforehand. Democrats will see to that.
__________________
Just when you least expect it...just what you least expect-The Pet Shop Boys.
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