HemiHauler
Well-Known Member
Indeed. Inflation is a lagging indicator and current environment has far more to do with washing the economy with 8 TRILLION worth of cash.
BTW, do you have the deficit numbers handy from Biden’s budgets?
Janet Yellen blames Americans' 'splurging' for record-high inflation
- Thread starter Kyle
- Start date
Indeed. Inflation is a lagging indicator and current environment has far more to do with washing the economy with 8 TRILLION worth of cash.
BTW, do you have the deficit numbers handy from Biden’s budgets?
OccamsRazor
Well-Known Member
Why is it when "the other guy" did something, it is a "lagging indicator" and just happens to be impacting the current admin BUT, when "the other guy" was in control... it is "ALL OF THIS RIGHT NOW IS YOUR FAULT?"
Also, NO... don't have the numbers but we all know numbers can be fudged. What cannot be fudged is the real impact of COL and price increases everywhere that are effecting many, many people.
HemiHauler
Well-Known Member
What numbers are “fudged”? Numbers are the numbers and simple mathematics furnish the reality.
OccamsRazor
Well-Known Member
I simply do not trust any "stats" or "numbers" that the government releases. After hearing about "record unemployment lows" I stopped believing.What numbers are “fudged”? Numbers are the numbers and simple mathematics furnish the reality.
HemiHauler
Well-Known Member
Then there’s not much I can do for you.
Nothing at all wrong with suspicion of government numbers, but at least when it comes to budget info actual numbers aren’t that hard to find.
Kinnakeet
Well-Known Member
Its all the democrats fault as alwaysWhat numbers are “fudged”? Numbers are the numbers and simple mathematics furnish the reality.
SamSpade
Well-Known Member
Is it possible that we are spending more and saving less --
Because stuff COSTS a lot more and there's less left over?
I get the concept that people tend to SPEND when they have a lot, but I know for a fact they don't SAVE as much when they don't have any.
It certainly seems more logical that people are spending more, because they HAVE to. At no time since the beginning of the pandemic have I seen evidence that people just have money to burn and are doing that with caution thrown to the wind.
If anything, I am spending a LOT more now on what I used to buy and then some - because some stuff just costs too much - and because I need it - it goes on credit.
It's a bit like saying an unemployed person is out of work because he's spending more time at home, when in fact, he's spending more time at home, because he's out of work.
I am spending more ON THE SAME STUFF. And there's no savings after that.
Because stuff COSTS a lot more and there's less left over?
I get the concept that people tend to SPEND when they have a lot, but I know for a fact they don't SAVE as much when they don't have any.
It certainly seems more logical that people are spending more, because they HAVE to. At no time since the beginning of the pandemic have I seen evidence that people just have money to burn and are doing that with caution thrown to the wind.
If anything, I am spending a LOT more now on what I used to buy and then some - because some stuff just costs too much - and because I need it - it goes on credit.
It's a bit like saying an unemployed person is out of work because he's spending more time at home, when in fact, he's spending more time at home, because he's out of work.
I am spending more ON THE SAME STUFF. And there's no savings after that.
OccamsRazor
Well-Known Member
Really? Who do you think is buying all those overpriced new cars with "dealer upcharges?" Who is paying $600/seat for the packed sporting events and concerts? Who attributed to the record amount of Xmas spending this year?
Apparently, people do have "money to burn." Or at least, they have money left on their credit cards.
SamSpade
Well-Known Member
NOBODY I know. EVERYONE I know is just getting by.
Think about this. Say Congress sends this new contract out to the unions. They take their time in voting and one or two decide, nope don't like this deal. Supposedly if one walk out they all walk out. So they drag this out until the end of the year and want to strike in early January right when republicans take over the House. Then the democrats & media can blame them for the strike. Possible .?
Violence from WS groups is such a threat because of the stealthy nature of their violence. While the media beats the drum of threats of violence, it ignores the daily destruction from this group. Notice you never hear reports of the body counts or interviews of the countless victims. Instead, they just report on the threat. That lets you know how insidious these groups are. They manipulate the media to not report their crimes.
OccamsRazor
Well-Known Member
Understood however, you mentioned that you have seen no evidence. Obviously, you have seen the multitude on new vehicles on the road, packed sporting events, and heard about the record sales numbers right? So you are aware of the spending in this economy? Not just with people YOU know.
I was under the impression, especially from the emptyness of dealer lots, that there was a shortage of new vehicles due to a shortage of microprocessors and support chips for new cars and trucks.
Did this end?
Latest New Car Chip Shortage Updates - CarsDirect
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OccamsRazor
Well-Known Member
I believe we are still running under a shortage however, my point was that the inflated prices of available vehicles may have slowed sales but, there are still many people flocking to dealerships to pay the hefty dealer fees and prices. I never said that people aren't struggling right now. Many are. I am merely saying that it must not be THAT bad if scores of buyers are willing to pay 5-digit dealer fees and spend $1000 to go see Taylor Swift.I was under the impression, especially from the emptyness of dealer lots, that there was a shortage of new vehicles due to a shortage of microprocessors and support chips for new cars and trucks.
Did this end?
Latest New Car Chip Shortage Updates - CarsDirect
Research new car prices and deals with exclusive buying advice at CarsDirect.com. Read expert reviews, get help with auto loans and search over 1 million used listingswww.carsdirect.com
HemiHauler
Well-Known Member
In our first-world economy, "struggling" is really a sliding scale. Struggling today isn't the same as struggling through the Great Depression. Today's strugglers, as you rightly point out, have a pretty damn good financial life.
OccamsRazor
Well-Known Member
That or, they are living on "borrowed" time.