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originally posted by: xuenchen
At least I proved my point.
originally posted by: LordAhriman
originally posted by: xuenchen
At least I proved my point.
With emojis? You go, boy. Totally proved your point.
Now tell me how Biden did inflation.
Last year the price of a barrel of oil was negative. That's not a good thing, but we all enjoyed those gas prices. It wasn't negative because MAGA, a pandemic happened and people weren't traveling.
The demand for petroleum is where it was pre-covid, but the supply is not there. Worldwide.
Add a bunch of tariffs on imported materials, and here we are. They're not going to take that hit, they'll work it into their export prices. Here we are.
originally posted by: putnam6
So all I know is in the '90s our business and industry(Bridal and Social Occasion apparel) took a huge hit, our retail stores that are left are doing well but it feels fleeting and it in no way covers the losses from 2020 on. So what's next? what is gonna turn this economy around? I've always believed the old adage is it's a cycle and it can't be stopped, but it can be made considerably worse or longer-lasting. Well, last time it lasted in my business for about 10 years...
www.wsj.com...
Consumer-price index rose at 6.2% annual rate, while core index was up 4.6%
U.S. inflation hit a three-decade high in October—rising at a 6.2% annual rate—as pandemic-related supply shortages and continued strength in consumer demand continued to push up prices.
The Labor Department said the consumer-price index, which measures what consumers pay for goods and services, increased at the fastest annual pace since 1990. Inflation also topped 5% for the fifth straight month.