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Economy

Chainfire

(17,757 posts)

5. Most of the current inflation is based upon greed and power.

Reply to mahatmakanejeeves (Original post)

Sat Jun 11, 2022, 08:43 AM

Jun 2022

If Republicans win big during the mid-terms things will suddenly, just like magic, improve, and show the people that it is only Republicans that can save their pocketbooks.

As a retired person, inflation is my biggest fear. It has already wiped out a significant percentage of the value of my life savings. Unlike previous inflationary periods I will not have a chance to recover after it ends.

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Highlight:

'Catastrophically bad' inflation report is boosting chances of a 75-basis-point interest-rate hike [View all] mahatmakanejeeves Jun 2022 OP

This is the fallout from 12 years of QE distortion of the economy and Powell delayed action bucolic_frolic Jun 2022 #1

Powell was so wrong on "Transitory" forecast at140 Jun 2022 #9

Fock CentralMass Jun 2022 #2

As Harry Truman used to say, mahatmakanejeeves Jun 2022 #3

A maxim Trump single-handedly redefined peppertree Jun 2022 #16

I finally found one bright spot in yesterday's inflation report -- the core CPI "eased" progree Jun 2022 #4

My wallet did not find anything bright at the stores last week at140 Jun 2022 #10

Looking at food at home data series - 5 months in a row of 1% or more monthly increases progree Jun 2022 #13

Result of unbalanced budgets year after year. at140 Jun 2022 #17

Most of the current inflation is based upon greed and power. Chainfire Jun 2022 #5

This, sadly, is so true. Scrivener7 Jun 2022 #6

+1 CentralMass Jun 2022 #7

I am retired, and my plan this fall is..... at140 Jun 2022 #11

I don't mind gambling. Chainfire Jun 2022 #12

Buy when everyone else is selling at140 Jun 2022 #14

On the brighter side... Get Me Outta Here Jun 2022 #8

Reminds me of Alfred Kahn's description of inflation as "God-awful" peppertree Jun 2022 #15