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Thread: Biden's inflation economy: inflation hits 40 year high

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    Quote Originally Posted by time4fun View Post
    Um the inflation is global
    A) This isn't an excuse.
    B) You're (as usual) full of shit anyways.

    Switzerland inflation: 1.5%
    Japan: 1.7%
    Isarel: 2.8%
    France: 2.9%
    Hungary: 3.1%
    Norway: 3.2%
    South Korea: 3.6%
    Sweden: 3.9%

    But don't worry, we are in good company with countries such as:
    Russia: 8.4%
    Ukraine: 10%
    Egypt: 10.3%
    Ghana: 13.9%


    Quote Originally Posted by time4fun View Post
    and it's largely from COVID-related supply chain issues.
    Wrong again. Even if this were true, that would be "LOCKDOWN AND GOVERNMENT MANDATED (largely by Democrat and left leaning politicians around the world) BUSINESS CLOSURES related supply chain issues." Let's not pretend the virus is responsible for supply chain issues when anyone with even a single brain cell can see it was the shutdowns and business closures that led to this.

    Quote Originally Posted by time4fun View Post
    We just had record growth in the US, and wages are going up quickly. That's about as good as it gets when dealing with global inflation
    We had record growth under Trump too, AND wages went up under Trump too, AND we managed to have minimal inflation.

    Suggesting record growth and wage growth inevitably leads to record high inflation is 100% fake news and we don't even have to go back that far in time to prove that you are once again pulling shit directly out of your ass.

    Also when inflation outstrips wage growth then wage growth means absolutely nothing.

    Your nominal wages going up 3% means jackshit if your real wages GO DOWN 7.5%. I take that back, it doesn't mean "jackshit", it effectively means you received a pay cut.
    Last edited by Tgo01; 02-10-2022 at 10:51 AM.

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