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Topic Title: Yellen says Americans haven't experienced current inflation rate 'in a long time'
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Created On: 10/24/2021 03:01 PM
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 10/24/2021 03:01 PM
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Fish Killer

Posts: 71439
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Yellen says Americans haven't experienced current inflation rate 'in a long time'
By Cameron Cawthorne
FOXBusiness

Varney: Biden has no answer to inflation problem
FOX Business' Stuart Varney argues the Biden team is in serious political trouble.

Treasury Secretary Janet Yellen on Sunday said the United States hasn't experienced the recent inflation levels in a "long time."

"Many firms are experiencing a shortage of labor," Yellen said during an interview on CNN's "State of the Union" Sunday morning. "The COVID shock to the economy has caused disruptions that we'll be working through over the next year and of course Americans haven't seen inflation like we've experienced in a long time."

Host Jake Tapper noted how inflation is growing at its fastest pace in 30 years and asked whether spending more money on President Biden's "Build Back Better" agenda will be "pouring gas on the inflation fire," prompting Yellen to say the spending on the bipartisan infrastructure package and the massive social spending package would be spread out over the next decade.

BIDEN POLICIES 'DRAMATICALLY' IMPACTED SUPPLY CHAIN CRISIS, INFLATION: FMR. MCDONALD'S USA CEO

Tapper later asked Yellen when she expects the inflation rate to return to the 2% level, which the Federal Reserve classifies as "acceptable."

"Well, I expect that to happen next year. Monthly rates of inflation have already fallen substantially from the very high rates that we saw in the spring and early summer," Yellen said. "On a 12-month basis the inflation rate will remain high into next year because of what's already happened, but I expect improvement by the middle to the end of next year - second half of next year."

Yellen was also asked during the interview to respond to what former President Barack Obama's Treasury Secretary Larry Summers had to say about inflation this past week.

"I've been alarmed for a long time, and I'm more alarmed now," Summers said in a clip played by Tapper. He also said, "We're in more danger than we've been during my career of losing control of inflation in the U.S."

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The REAL truth is....both of the forum idiots are OWNED.
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^These are PROVED facts.
 10/24/2021 06:22 PM
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Greensleeves

Posts: 20478
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Fuck you are stupid. Hey shithead, from your leader... "It's going to disappear. One day, it's like a miracle - it will disappear."

He botched it bitch. And because of that he lost the presidency and the respect of s as by half normal person.
 10/24/2021 06:47 PM
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follydude

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Many firms are experiencing a labor shortage...


Nope.

They're experiencing a Management Shortage. A Leadership Shortage. A Shortage of Asset Allocation.

Workers no longer want to work for slave wages while owners buy more luxury vehicles and vacation homes.

Workers don't need to be nickled & dimed for owners responsibilities.

T'rump really screwed the pooch with his mismanagement of a crisis and that's why the crisis continues.

Reap it Dotards.


 10/25/2021 12:22 AM
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Fish Killer

Posts: 71439
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Originally posted by: follydude

Many firms are experiencing a labor shortage...


Nope

They're experiencing a Management Shortage. A Leadership Shortage. A Shortage of Asset Allocation.

Workers no longer want to work for slave wages while owners buy more luxury vehicles and vacation homes.

Workers don't need to be nickled & dimed for owners responsibilities.

T'rump really screwed the pooch with his mismanagement of a crisis and that's why the crisis continues.
Reap it Dotards.


Well you again made an fool out of yourself...again.

What you described above would be an actual labor shortage.

Wrong as you are, what you describe still is in fact a labor shortage by definition.

As for people not wanting to go back to work work for 'slave wages'....kinda hard to go back to a job that pays you as much as what you were making with a government hand-out.

Thats right...people were sucking off the taxpayer teet to the tune of what they were actually making...and now dont want to go back to work.

FACT!

They want to get paid some more to sit on their ass and do nothing!

THEY LIKED IT!

You do know that is a 100% failed plot...right?

Naaaa.....you think everyone can get paid forever by the government with taxpayer dollars and BORROWED/PRINTED money.

YOU CAN'T...MORON!

If they don't go back to work they will starve because the government handout is over!

They don't like that......tough shit because if you don't work you don't eat!

This is as old as time.....

FACT!

Proverbs 13:4 - "The soul of the lazy man desires, and has nothing; but the soul of the diligent shall be made rich." (The lazy man desires what hard working people want: house, food, vacations, money for college and retirement.)

2 Thessalonians 3:10 For even when we were with you, we gave you this rule: "If a man will not work, he shall not eat."







-------------------------
The REAL truth is....both of the forum idiots are OWNED.
-BOTH of them have no clue who their owner is.
-They are both card carrying narcissists.
^These are PROVED facts.

Edited: 10/25/2021 at 12:33 AM by Fish Killer
 10/25/2021 05:25 AM
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Lunchmeat

Posts: 3800
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Highest inflation in 30 years yet they'll try to justify and explain away, many experts forecast we're headed towards hyper inflation but the subjects shall be loyal and true

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If it’s legal will do it, if it’s not legal, we’ll figure out how to change the law-Joe Biden
 10/25/2021 06:06 AM
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Cole

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Who gets credit with the supply issues are solved and inflation drops?

One more question, how long did it take to recover from the last Republican crash in 2008? This shit doesn't fix itself over night.

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I was right.
 10/28/2021 05:18 AM
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follydude

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Norfolk Southern Q3 Profit Up 32%

Apple Q3 profit up 36%

JPMorgan up 24%

AMD (chip manufacturer) up 54%

Deere up 29%

Do you see a trend here?

Corporate profits are way up and it appears that companies are attempting to make up for 2020 losses by raising prices and therefore raise profitability.

The inflation we see isn't being caused by federal monitary policy, it is fueled by corporate greed.

Quit buying so much crap, people.



 10/28/2021 05:46 AM
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Fish Killer

Posts: 71439
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I see hyper inflation getting rammed up your demoshit backside real soon!

MORON!

-------------------------
The REAL truth is....both of the forum idiots are OWNED.
-BOTH of them have no clue who their owner is.
-They are both card carrying narcissists.
^These are PROVED facts.
 10/28/2021 06:11 AM
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OBX

Posts: 2800
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Originally posted by: follydude Norfolk Southern Q3 Profit Up 32% Apple Q3 profit up 36% JPMorgan up 24% AMD (chip manufacturer) up 54% Deere up 29% Do you see a trend here? Corporate profits are way up and it appears that companies are attempting to make up for 2020 losses by raising prices and therefore raise profitability. The inflation we see isn't being caused by federal monitary policy, it is fueled by corporate greed. Quit buying so much crap, people.
So which is it? The "labor shortage" or corporate greed driving up inflation?

Wonder what this 3 trillion "infrastructure bill" will do to us, along with the continuance of lock downs and firing people for not taking the jab will do to the economy/inflation?

Or are we seriously take the cop-out approach and blame it all on Trump and look past the fact that current leadership is doing NOTHING to help other than make it worse....

-------------------------

"Its easier to fool people than to convince them they have been fooled" - Mark Twain



Edited: 10/28/2021 at 06:13 AM by OBX
 10/28/2021 06:20 AM
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Cole

Posts: 68180
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Side gigs have become a real thing. The pandemic showed people there are other ways to make money. Why sling burgers and get yelled at by a dickhead boss for $7.50 an hour when you can hustle on the internet and make the same, if not more, cash?

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I was right.
 10/28/2021 06:38 AM
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follydude

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Originally posted by: OBX

Originally posted by: follydude

Norfolk Southern Q3 Profit Up 32%

Apple Q3 profit up 36%
JPMorgan up 24%
AMD (chip manufacturer) up 54%
Deere up 29%

Do you see a trend here?

Corporate profits are way up and it appears that companies are attempting to make up for 2020 losses by raising prices and therefore raise profitability.

The inflation we see isn't being caused by federal monitary policy, it is fueled by corporate greed.

Quit buying so much crap, people.


So which is it? The "labor shortage" or corporate greed driving up inflation?

Wonder what this 3 trillion "infrastructure bill" will do to us, along with the continuance of lock downs and firing people for not taking the jab will do to the economy/inflation?

Or are we seriously take the cop-out approach and blame it all on Trump and look past the fact that current leadership is doing NOTHING to help other than make it worse....



The sociopath running the bagel shoppe who only wants to pay slave wages and therefore can't retain and find employees is not the same as JPMORGAN.

The fascist turd who owns the plumbing company and only pays the minimum wage and only schedules his employees at 39 hours a week to avoid paying benefits is not the same as Norfolk Southern.

That said, employers have seen that the "labor shortage" has done something positive for them: driven up profitability.

What will the $3T Infrastructure Bill do?

See more construction companies pouring more concrete and construction companies having to hire more people at decent, competitive wages to get the contracts and get paid.

And, calling it correctly - that T'rump fucked up the Pandemic response - isn't a cop out. It is being honest.




 10/28/2021 06:40 AM
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Cole

Posts: 68180
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The economy crashed under Trump, right?

-------------------------
I was right.
 10/28/2021 07:03 AM
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tpapablo

Posts: 43831
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2% GDP growth for the 3rd quarter. Expecting 3%. Another Dementia Joe bungle. His streak of screwing up everything remains intacts. Progs will celebrate like a conservative died of covid.

-------------------------
I :heart; Q
 10/28/2021 07:06 AM
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OBX

Posts: 2800
Joined Forum: 11/06/2012

Originally posted by: follydude
Originally posted by: OBX
Originally posted by: follydude Norfolk Southern Q3 Profit Up 32% Apple Q3 profit up 36% JPMorgan up 24% AMD (chip manufacturer) up 54% Deere up 29% Do you see a trend here? Corporate profits are way up and it appears that companies are attempting to make up for 2020 losses by raising prices and therefore raise profitability. The inflation we see isn't being caused by federal monitary policy, it is fueled by corporate greed. Quit buying so much crap, people.
So which is it? The "labor shortage" or corporate greed driving up inflation? Wonder what this 3 trillion "infrastructure bill" will do to us, along with the continuance of lock downs and firing people for not taking the jab will do to the economy/inflation? Or are we seriously take the cop-out approach and blame it all on Trump and look past the fact that current leadership is doing NOTHING to help other than make it worse....
The sociopath running the bagel shoppe who only wants to pay slave wages and therefore can't retain and find employees is not the same as JPMORGAN. The fascist turd who owns the plumbing company and only pays the minimum wage and only schedules his employees at 39 hours a week to avoid paying benefits is not the same as Norfolk Southern. That said, employers have seen that the "labor shortage" has done something positive for them: driven up profitability. What will the $3T Infrastructure Bill do? See more construction companies pouring more concrete and construction companies having to hire more people at decent, competitive wages to get the contracts and get paid. And, calling it correctly - that T'rump fucked up the Pandemic response - isn't a cop out. It is being honest.
Lots of strawmen thrown out their, Folly. Are we to believe that the money in that bill will actually go to the "people" and not line the pockets of political supporters? Does "shovel ready jobs" ring a bell? How about "Solyndra." How many times are you going to be fooled by the same playbook?

"Trump fucked up the Pandemic Response"....yes, blame it all on Trump. Let the hate flow!! All BS aside, based on what metric? And the irony of that statement....the beloved jabs being mandated into your arm? You can thank Trump for fast passing that! .....

-------------------------

"Its easier to fool people than to convince them they have been fooled" - Mark Twain

 10/28/2021 08:48 AM
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tpapablo

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Joined Forum: 07/25/2003

Indeed it was. It takes a real moron to screw up a recovery. But Dementia Joe stepped up to the plate yet again.

-------------------------
I :heart; Q
 10/28/2021 09:21 AM
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Greensleeves

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We are recovering from a global pandemic you whiney bitches. Damn y'all feeble in both mind and character.
 10/28/2021 09:27 AM
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Lunchmeat

Posts: 3800
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Originally posted by: Greensleeves

We are recovering from a global pandemic you whiney bitches. Damn y'all feeble in both mind and character.


First 3 years of trumps economy were strong, the shutdowns from the pandemic crushed the economy, so now we are recovering from the pandemic but inflation is ramping up, please explain all knowing ones.

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If it’s legal will do it, if it’s not legal, we’ll figure out how to change the law-Joe Biden
 10/28/2021 09:32 AM
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3rdworldlover

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"First 3 years of trumps economy were strong... please explain all knowing ones."

Thanks Obama!
 10/28/2021 09:34 AM
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3rdworldlover

Posts: 22496
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Everything Trump touches dies
#ETTD
 10/28/2021 09:38 AM
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Greensleeves

Posts: 20478
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Hey baloney you mindless heart clogging reconstituted meat by product what happened in year four?
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