can't believe Bernie's the one sounding the alarm on the dems ignoring concerns over the economy (timestamped)
The only thing that wipes out inflation is a global recession....Consumers slow down buying which slows down production but inventories build up at the higher prices and companies will not mark down until they absoluely have to. Fed raising interest rates just makes home buying and borrowing more expensive but people still earning good salaries and working, that will only change if we have a global recession and then rates will be high which just makes things worse. Politicans and bankers thinking they can manipulate a global economy is pretty funny
The democrats think it is great. Just yesterday exDOPer claimed the economy was great. You democrats are in outer space.
I actually like Charlie, he does an excellent job tracking inflation rates across the world, but yeah, when two trends cross on a chart that means they are identical at that point in time.
Your correlation/causation argument is something I'll normally agree with. But sometimes correlation does actually, in fact, imply cause.
https://www.reuters.com/business/switzerland-land-that-inflation-left-behind-2022-03-11/ Switzerland doesn't have much of a problem with inflation. Japan's problem isn't as large either. I will say that there probably has been short-term inflation, because of OPEC/war/pandemic supply chain shortages that actually decrease production. However, Powell and the others at the Fed are completely ignoring this chart which will create long-term inflation: https://tradingeconomics.com/united-states/money-supply-m2 The money supply has increased dramatically. Money is supposed to be based on our production of goods and services. Has our productivity skyrocketed? No, it has not. Therefore it's easy to see why we would get a shit ton of inflation with this chart. Why did we increase the money supply? To finance all the debt we racked up with government spending during the pandemic. Instead of selling our debt to other countries at high interest the Fed bought a bunch of our treasuries and printed money to finance it instead. Money is simply a medium of exchange. What we really trade are goods and services. We can redistribute the money supply all we want, but you cannot increase the money supply without increasing the goods and services produced or the result will be inflation.
Switzerland is experiencing its highest inflation in three decades. And most of the residents think it is a significant issue. Swiss Inflation Rate Increases to Three-Decade High of 3.5% https://www.bloomberg.com/news/arti...creases-to-three-decade-high-of-3-5#xj4y7vzkg