Oh yeah, guy paid 1.1 for his house in Seattle. The fact he thought that was affordable says something about the bay area housing situation.
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Someone save the poor ETrons.
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Sales tax situation helpful too.
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Hope there werenât markups on some of those cars. Someone might lose a bonus.
What do you think caused the fire? 
Must not, in anyway, correlate current inflation to covid measures, government intervention/policy/taxation, got it. Instant offramp.
The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.
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No worries, dealers will still sell them with a mark-up
Old fashioned fire sale, smokers feel free to apply.
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But alsoâŚ
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Itâs not Friday just yet, we still have some time! Landfill is where all us cool kids hang out.
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covid measures, government intervention/policy/taxation are the things causing inflation? seems like quite a wide swath youâve cut there.
Imagine, for instance, a Delaware resident who made $60,000 in taxable income in 2019, and who now makes $64,000. Due to inflation, she hasnât seen an increase in real income: her $64,000 today has about the same purchasing power as her $60,000 in 2019. But if her stateâs income tax brackets arenât inflation-indexed, whereas her top marginal rate was previously 5.55 percent (on income between $25,000 and $60,000), she now has $4,000 taxed at the higher rate of 6.6 percent. Her tax bill rose by $264 even though her purchasing power remained constant.
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Inflation now is bad but not unprecedented in recent memory. Iâd be curious to learn how this sort of thing was dealt with from 1978 to 1982. That was a different era in some ways because the inflation happened despite high fed rates and with higher unemployment. But the essential issues remain the same.
Edit- seems like Delaware is aware of this problem and there is a bill pending in Dover to index their tax brackets to inflation like federal government does.
So it was pretty straight forward how Voclker finally slayed inflation. Prime lending rate hit 21% unemployment soared, we had two recessions⌠and then boom times, I remember as a kid that passbook savings account was crushing it!
But that was coming out of a decade of pretty high inflation whereas we have had 40 years of low inflation/wage growth etc and then with covid a ton of money got thrown into the system (Volcker by contrast reduced the money supply). And supply chain problems.
But if this problem holds they have to keep ramping up the pain, increasing rates until itâs under control.
More likely itâs a few rate hikes, supply chains normalize and in 12-18 months, maybe with a recession in there, weâre back to reasonable rates and growth.
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Yes covid measures caused most of the current supply chain issues. The fed not raising rates soon enough was gasoline on that fire. Printing money on top of all that to the tune of 3 trillion + This was a bipartisan disaster. So donât peg me as a biden blamer although heâs as worthless as the last 10 presidents. The last president that tried to stop the status quo of central bankers had his brains blown out on live tv.
Whatâs your solution comrade? Price fixing?
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well first off, lets work through the language here.
-âcovid measuresâ didnât cause most of the current supply chain issues. Covid, the actual virus thatâs infecting hundreds of millions of people and has killed over 1,000,000 people in this country alone, is what caused the current supply chain issues. Those issues mainly being people getting sick and being unable to actually work in the factories and production industries needed to produce the things weâre short on.
-the fed not raising interest rates has had fairly little to do with the covid profiteering going on at corporations worldwide.
-yes this was a bipartisan disaster because both political parties suck and are completely useless and only have the interests of their donor class in mind.
-well kennedy was shot because he was trying to shut down the CIA, not because of the bankers.
-comrade is a slight iâm sure but weâre all in this together. its a class divide not a party divide.
-what good will price fixing do for inflation? you canât possibly fix prices on everything that has risen uncontrollably over the past year.
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Bullet 1. The world is a dangerous place. Johnâs Hopkins study says lockdowns did almost nothing. Best for govt to stay out of health policy.
Bullet 2. Refer to the shareholders demands. Thatâs business.
Bullet 3. Agree
Bullet 4. Agree with the addition of executive order 11110
Bullet 5. Agree but Iâm a free market guy. Division is here to stayâŚyour previous quips have been socialistic in nature.
Bullet 6. Agree. Refer back to the free market though. No one forces products on the consumer. Almost no one âneedsâ a new car currently. But theyâre âflushâ with fiat due to the market and housing at all time highs and blindsided by consumption and marketing.
Shut down the thread! Youâre absolutely redic. God forbid people have an open discussion about the cause of inflation. Especially when admitting common ground. Nothing ran itâs course, youâre just offended by free thought. Admit itâŚ
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Thread has completely run its course and is completely off topic now.