Bulletins and News Discussion from March 25th to March 31st, 2024 - Friendship Ended With Taiwan, Now China Is My New Best Friend - COTW: Honduras

https://archive.is/AfITY

Dipshit know-nothings called "economists" say people wanting to not sell their blood to afford luxuries like food and a roof over their head are lazy entitled idiots that don't know what's good for the economy

Economists say you’re wrong for wanting prices to start falling—and they point to the Great Depression of the 1930s

Here's a fun game, every time you see a ghoul say or write the words "The Economy" replace it with either corporate/shareholder profits, and see how many times you go "oh shit that makes more sense!"

Many Americans are in a sour mood about the economy for one main reason: Prices feel too high.

First mUh EcOnOmY, and already we can really see what these mongrels are whining about

Maybe they’re not rising as fast as they had been, but average prices are still painfully above where they were three years ago. And they’re mostly heading higher still.

THE PRICE IS TOO DAMN HIGH

Consider a 2-liter bottle of soda: In February 2021, before inflation began heating up, it cost an average of $1.67 in supermarkets across America. Three years later? That bottle is going for $2.25 — a 35% increase.

"THE POORS SUGAR WATERS PRICE GONE UP!"

Or egg prices. They soared in 2022, then fell back down. Yet they’re still 43% higher than they were three years ago.

I wonder why

Likewise, the average used-car price: It rocketed from roughly $23,000 in February 2021 to $31,000 in April 2022. By last month, the average was down to $26,752. But that’s still up 16% from February 2021.

Wouldn’t it be great if prices actually fell — what economists call deflation? Who wouldn’t want to fire up a time machine and return to the days before the economy rocketed out of the pandemic recession and sent prices soaring?

Who needs a time machine when you can actually MANAGE THE FUCKING PRICES

At least prices are now rising more slowly — what’s called disinflation. On Friday, for example, the government said a key price gauge rose 0.3% in February, down from a 0.4% gain in January. And compared with a year earlier, prices were up 2.5%, way down from a peak of 7.1% in mid-2022.

Econ ghoul sophistry. They're investing a word for the phrase "we overguessed it would go up by 10%, so aren't you happy the prices went up by 9% instead?"

But those incremental improvements are hardly enough to please the public, whose discontent over prices poses a risk to President Joe Biden’s re-election bid.

INCREASED INFLATION ISNT A FUCKING IMPROVEMENT WHEN THE MINIMUM WAGE HASNT CHANGED SINCE 2009

“Most Americans are not just looking for disinflation,’’ Lisa Cook, a member of the Federal Reserve’s Board of Governors, said last year. “They’re looking for deflation. They want these prices to be back where they were before the pandemic.’’

If you won't pay people more, no shit they'll want to spend less you fuckubg leech!

Many economists caution, though, that consumers should be careful what they wish for. Falling prices across the economy would actually be an unhealthy sign.

Many economists are frauds that couldn't tell you how much of the U.S GDP is fake fluff made up of financial transactions between the finance imperialists and how much of the U.S GDP is actual industrial production

“There are,’’ the Bank of England warns, “more consequences from falling prices than meets the eye.’’

The fucking gangsters that are the banksters of England can blow it up their ass

What could be so bad about lower prices?

Bet you're gonna tell us why it's good for people to starve.

WHAT IS DEFLATION?

A fetish that is the inverse of inflation

Deflation is a widespread and sustained drop in prices across the economy. Occasional month-to-month drops in consumer prices don’t count. The United States hasn’t seen genuine deflation since the Great Depression of the 1930s.

Causes by finance ghouls destroying themselves and taking the world with them

Japan has experienced a much more recent bout of deflation. It is only now emerging from decades of falling prices that began with the collapse of its property and financial markets in the early 1990s.

Tough shit, maybe they should put their imperialist government on an airplane and dive-bomb it into a volcano.

What's wrong with inflation?

“Although lower prices may seem like a good thing,’’ Banco de España, the Spanish central bank, says on its website, “deflation can in fact be highly damaging to the economy.’’

Throwing your ghoulish selves under a moving tank would help the economy

How so? Mainly because falling prices tend to discourage consumers from spending. Why buy now, after all, if you can purchase what you want — cars, furniture, appliances, vacations — at a lower price later?

FUCK RIGHT OFF INTO THE SEA YOU GODDAMN SNAKES

The reality is that the economy’s health depends on steady consumer purchases. In the United States, household spending accounts for around 70% of the entire economy. If consumers were to pull back, en masse, to await lower prices, businesses would face intense pressure to cut prices even more to try to jump-start sales.

GOOD

In the meantime, employers might have to lay off waves of employees or cut pay — or both. Unemployed people, of course, are even less likely to spend, so prices would likely keep falling. All of which risks triggering a “deflationary spiral’’ of price cuts, layoffs, more price cuts, more layoffs. And on and on. Another recession could follow.

Guess what I think should be cut to stave off a recession

It was to prevent that very kind of economic nastiness that explains why the Bank of Japan resorted to negative interest rates in 2016 and why the Fed kept U.S. rates near zero for seven straight years during and after the Great Recession of 2007-2009.

Deflation exerts another painful effect, too: It hurts borrowers by making their inflation-adjusted loans more expensive.

ARE THERE ANY BENEFITS OF DEFLATION?

It’s certainly true that Americans can make their paychecks go further when prices are falling. If food or gasoline prices were to tumble, households would surely find it less painful to afford groceries or their commutes to work — as long as they remained employed.

Fuck off, you try to raise wages, you'll say people will lose their jobs, you try and raise buying power, you'll say people will lose their jobs, you try and say you'll do anything to materially improve the lives of the people and your knee-jerk instinct is to threaten their lives by threatening their employment. You know what we call folks that want to behave like that? Robber-barons and slavers.

Some economists even question the notion that deflation poses a serious economic threat. In 2015, researchers at the Bank for International Settlements, a forum for the world’s central banks, reviewed 140 years of deflationary episodes in 38 economies and reached this conclusion: The correlation between falling prices and economic growth “is weak and derives mostly from the Great Depression.’’

Those few economics can actually use a bit of common sense materialism to figure out they don't actually know shit and base their entire theories off of one fuck up they themselves caused.

But the exception was a doozy: From 1929-1933, U.S. economic output plummeted by a third, prices sank by a quarter and the unemployment rate shot up from 3% to a crushing 25%.

Yet again, who's fault was it?

The bank’s researchers said the biggest economic risk came not from falling prices for goods and services but rather from a freefall in the price of assets — stocks, bonds and real estate. Those collapsing assets, in turn, can topple banks that hold crumbling investments or that made loans to struggling real estate developers and homebuyers.

Oh no, they let the cat of truth out of the bag at the last minute like they always do. It's the finance bros fault!

The damaged banks may then cut off credit — the lifeblood of the broader economy.

Ghouls lived on borrowed debt

The likely result? A painful recession

For us, not them. They'll get bailed out like always.