Go on then, Bsnub.
Do you have one source that will back you up saying inflation this year is caused by Trump's spending in previous years?
Is that what your answer for David is (you kept to yourself): Trump caused the inflation?
I've already stated the current inflation was caused by supply chain disruptions — and the worry is that Biden spending trillions above the budget will make the situation worse.
Well you still haven't answered the question, but you are making out that you know the causes of inflation etc.
Well lets hear it. Answer the question, son. You seem to know everything.
Personally, I do not know too much about the exact 'causes etc...just a few ideas. I certainly wouldn't be running my mouth off about it though.
And I wouldn't be pointing to some politically motivated web site to make my point.
I don't believe for a second that it is Bidens fault either.
Heated economy and/or excesive printing of ....dollar notes.
If all countries printed notes at the same time/percentage, then it shouldn't effect exchange rates too much, but what it does to local economies? i don't know?
Housing going up with a bang?
Cost of goods from overseas suppliers increasing remarkably.
Overseas Shipping and airfreight costs going up almost exponentially. Worst hit is the USA and Europe.
Here in NZ, everything is going up. All Items. Houses are going completely stupid. So much so, that this government have been trying to cool the market...and failed.
ShutOriginally Posted by Mr. Multi-Nick
The fuck
Up
While some economists say the stimulus packages passed in response to the Covid-19 pandemic are having an impact on inflation, it's misleading to suggest that's the only explanation for the recent rise in inflation. Blaming it exclusively on Democratic spending proposals misrepresents what's actually been passed, and ignores the trillions of dollars in spending passed last year supported by Republicans and signed by then-President Donald Trump which economists say have also contributed to inflation.
Last year, Congress passed two bills totaling around $3 trillion in Covid relief spending -- the $2 trillion Coronavirus Aid, Relief and Economic Security Act passed in March 2020, and the $900 billion pandemic relief bill passed in December 2020. Both were signed by Trump and supported by Republicans.
Fact-checking Republican attempts to blame inflation on Democrats - CNNPolitics
The cause of the current inflation is not due to governmental spending. It is due firstly to the fact that lots of consumers are flush with cash after saving money the last year and a half. Secondly, there are supply chain issues, new car production is interrupted due to the chip shortage and car lots have been running out of new inventory, goods can not currently be imported into the country fast enough due to a container shortage etc. So consumers with plenty of cash in hand and not enough products for them to buy. It is simple supply and demand.
We make a 5-year plan. Last year I was unable to travel so I spent more time on the property working,………..completing most all work the guys wanted me to do for 2022. Couple weeks before I left (July) the manager got with me and told me he couldn’t get the full tractor trailer load of material he needed to finish the work I started and that the little amount he could get was priced too high.
I told him to wait to complete the work when the prices came down.
Electrician was giving us a price to rewire (with new switches and sockets also) a three-bedroom house on the property in June. He told us the price was only good for three days because the supplier would only hold the material for that long. The material/parts were leaving the shelves faster than the supplier could stock them.
Keep your friends close and your enemies closer.
^
My Aunt unfortunately decided to remodel her house in the middle of all of this. Contractors are fully booked up for weeks in advance, construction materials are in short supply everywhere, appliances are all back-ordered for several weeks now. Her house is in disarray, and she currently is down to one functional bathroom as the plumber is waiting for materials.
So ya, that is a perfect example of why there is currently rising inflation.
Coupled with FCLs have gone from about $2.5K US towards 20K US in some cases. That transport cost effects the retail price and inflate prices. Petrol/Gasoline in Australia has reached $1.75 per litre.
China-U.S. container shipping rates sail past $20,000 to a record
This has been going on for almost a year now. It's old, old news.
World freight volumes are up, but not as much as you would expect. It's the price of goods at origin. And i'm talking about all the shite that people buy that is not made in the USA or parts they need to make their stuff. Plus your ports are an absolute shambles. Certainly the worst in the Western world.
Freight rates have gone up from $2000 a 40' container to more than 20K. (Trans Atlantic)
Suppliers are putting up prices between 10-25% on average. Factor in that and then work out inflation...
^ You surely can do better to make it a bit humorous for us... (Or did you mean it as a joke? Oh yes, now I got it, very funny, gerade luschtig as your friend would find it...)
^
See, you can think. Unfortunately, you usually choose not to.
^
Hey REGURGITATER, do you honestly think anyone bothers opening links that you post from sources like The Blaze?
Old Joe is doing just fine btw.
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