Originally Posted by Seran
I spit that hot FIYAAA!!!
I'm going to translate this into normal from retardese: Biden's policies did not raise inflation? Is that what you were trying to say but words confuse you?
Ok. What causes inflation?
They don't? What causes mortgage rates to increase? Is it just a coincidence that when the Federal Reserve hikes interest rates.. banks increase their mortgage rate?the Fed's policy decisions don't dictate a point by point change and mortgage rates.
What were all these other factors OTHER THAN THE FUCKING FEDERAL RESERVE RAISING INTEREST RATES that made mortgage rates triple and quadruple over the past 2 years? Be specific.You can't even get past A, B is tenuous at best and only C is true to the extent banks mortgage rate decisions are influenced by the Federal Reserve prime rate and a whole slew of other factors. Go back to bed cretin
The stupidity that is Seran is amazing. Like how? HOW is someone THIS fucking stupid even able to type something out?
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I spit that hot FIYAAA!!!
I think he may be trying to say that Biden is going to send the police to fight inflation. IE: The Secret Service are going to travel to every gas station across America & tell every owner to stop being so greedy with charging high prices.
Seran: When you are done sniffing glue and have sobered up from your binge, could you please provide us some clarification on your statement?
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He can't exactly do that either.
[Private]-GSIV:Nyatherra: "Until this moment i forgot that i changed your name to Biff Muffbanger on Lnet"
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In b4 google it.
[Private]-GSIV:Nyatherra: "Until this moment i forgot that i changed your name to Biff Muffbanger on Lnet"
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WaThat would be a waste of my time.
Exactly.
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More outstanding news for the Biden administration and it's efforts to orchestrate the continued growth of the economy while reigning in inflation. I'm sure this will only redouble Republican efforts to impeach President Biden for being an effective leader and not an indicted criminal like the last guy.
The Fed’s favorite inflation measure cooled down even further in June
Another key economic report further propped up the idea that a soft landing is not only possible, but also in motion: The Federal Reserve’s preferred inflation gauge continued its deceleration in June while consumers kept the US economic engine running.
Commerce Department data released Friday showed that the Personal Consumption Expenditures price index rose 3% for the 12 months ended in June, easing for the second-consecutive month and stepping back from May’s 3.8% increase.
When stripping out energy and food prices, the core PCE index showed prices increased 4.1% in June from the year before. Economists were expecting the core index to increase 4.2% on an annual basis. In May, the core PCE rose 4.6% annually.
Friday’s data “does give support to the idea that we’re in the midst of a soft landing” in bringing down inflation without causing a recession, Kathy Bostjancic, chief economist for Nationwide Mutual, told CNN. “That said, it’s still elevated. At 4.1%, we’re more than double the target 2% inflation that the Fed’s looking to eventually reach.”
https://www.cnn.com/2023/07/28/econo...une/index.html
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Seran:
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