For you youngsters who didn’t live through the 1970s, WIN = Whip Inflation Now.
Posted on 09/26/2024 5:49:05 PM PDT by ChicagoConservative27
The Harris campaign requests a rate cut because Kamalanomics works! The troll obliges.
Have the Bureau of Lying Statistics dummy up some more stuff and the Federal Reserve Chief will whore himself out with cover.
And inflation is just transitory.
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Better buy everything you can before inflation hits.
For you youngsters who didn’t live through the 1970s, WIN = Whip Inflation Now.
It’s too late. They could cut it to zero and it will make no impact before the election. It will however have negative effects after the election...when Trump wins...wait...they couldn’t be setting that up could they??
The longshoremen strike will bring massive inflation and destroy any miniscule chance Kamala has of winning. Yellen is even stupider than Powell when it comes to economics.
Does “data” mean polls?
It’s not too late
to WHIP IT
Whip it good!
LOL...the “data” show Harris falling further behind.
I’ve been watching our gasoline prices go down and down recently. Getting darn close to $3.00 per gallon today. Did Brandon release more oil from the SPR lately to buy votes? He hasn’t thrown out any more vote-buying schemes since his last declaration of more deadbeats not having to pay their student loans.
She is not a student of economical history. It was tried on 1979 and it resulted in stagflation, high inflation and high unemployment.
I have been calling Yellin 'the Gnome of Hoboken'. She certainly doesn't understand how low interest rates can contribute to inflation. Of course the economy appears to be active with near zero interest rates since borrowing and spending are stimulated, but that only creates 'bubbles' - which always burst (2008).
When she was Fed Chairperson she kept interest rates at near zero - while the national debt grew by trillions of dollars. Did she refinance the debt at those low interest rates? For whatever reason she decided the debt should be financed at higher rates.
Now the Federal Reserve member banks are holding those older low interest federal bonds as collateral while borrowing rates have increased. Those banks have drained all their liquidity to back up their loan practices - they can't get any money for those near zero bonds - and are going broke.
Meantime the current inflation rate is approx 20%; Reagan fought potential runaway inflation - then also about 20% - by raising the Fed rate to comparable heights. That caused pain in the short term but yielded prosperity in the long term. Yellin and Powell want to create the appearance of prosperity by lowering interest rates now while pretending that money is plentiful, employment could not improve more than now, and growth is at record levels. To be blunt: they are lying.
When the $$$$ fails as the world's reserve currency, one wonders if the globalists will throw a huge celebration party for Janet Yellin. 😒
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Inflation is caused by an increase in the money supply. Longshoremen have nothing to do with it.
Some reports say 'Yes.' It is a criminal act to use public resources to gain personal political favor. That is the whole reason for existing for Dems. Their party is now called 'the Democrat Massive Money Laundering Party,' the party crushing the little guy!
STFU moron. If there are not enough goods because the ports are shut down then you have too much money chasing too few goods which is the textbook definition of inflation.
Go back to watching Cramer for your grasp of econ 101.
They keep recycling that old hag. She has the economic chops of AOC.
Inflation is defined as 'too much money chasing too few goods.' When striking longshoremen curtail the import of (foreign) goods, that exacerbates the problem. At one time we manufactured most of our consumer goods; now we face a threat of shortages. Even right now Bitem/Harris are expediting the sale of American steel companies to Japan. Trump is trying to stop that.
More and more Americans are coming to the realization that the sole goal of the present administration is to weaken, maybe destroy, the U.S.A.
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