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  1. #1
    Good High School Starter
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    Default What's next for the us economy and covid response?

    Inflation seems a problem after the last stimulus. So no more stimulus?

    How is the economy to recover and grow?

    What about the covid response? What's the plan and what should it be?

  2. #2
    The Renaissance man bladefd's Avatar
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    Default Re: What's next for the us economy and covid response?

    Quote Originally Posted by oldtimer28 View Post
    Inflation seems a problem after the last stimulus. So no more stimulus?

    How is the economy to recover and grow?

    What about the covid response? What's the plan and what should it be?
    Current inflation has nothing to do with the stimulus package. Inflation is happening because the economy is opening up quicker than supply can keep up. COVID shutdowns had severely limited production for past year and now just as economy is opening up, demand is ramping up. If demand is greater than supply, inflation is bound to happen as prices on goods rise.

  3. #3
    #701 highwhey's Avatar
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    Default Re: What's next for the us economy and covid response?

    Quote Originally Posted by bladefd View Post
    Current inflation has nothing to do with the stimulus package. Inflation is happening because the economy is opening up quicker than supply can keep up. COVID shutdowns had severely limited production for past year and now just as economy is opening up, demand is ramping up. If demand is greater than supply, inflation is bound to happen as prices on goods rise.
    the inflation is mostly price gouging though. my prices from distributors keep going up and up because of 'raw material shortages' but they keep fulfilling order sizes without hesitation, it's just an excuse to charge more. and the prices increases are here to stay. they won't magically disappear once supply is more "stable".

    if we really had material shortages, there would be issues fulfilling the orders in the first place. i'm sure some industries have legitimate shortages but a shortage means a lack of sufficient supply. if i go and place a big ass order and get it fulfilled without any trouble, i am not convinced there is any material shortage.

  4. #4
    The Renaissance man bladefd's Avatar
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    Default Re: What's next for the us economy and covid response?

    Quote Originally Posted by highwhey View Post
    the inflation is mostly price gouging though. my prices from distributors keep going up and up because of 'raw material shortages' but they keep fulfilling order sizes without hesitation, it's just an excuse to charge more. and the prices increases are here to stay. they won't magically disappear once supply is more "stable".

    if we really had material shortages, there would be issues fulfilling the orders in the first place. i'm sure some industries have legitimate shortages but a shortage means a lack of sufficient supply. if i go and place a big ass order and get it fulfilled without any trouble, i am not convinced there is any material shortage.
    Inflation is currently over 4%. That won't last for long.

    The demand is currently greater than the supply in multiple industries, especially electronics. Things like microchip shortage won't last for very long imo. Probably in the next few months by the end of the year, it will be rolling again. Supply will once again surpass demand.

    I don't know what the feds plan on doing, but don't be surprised if they begin to slowly raising the interest rates

  5. #5
    I don't get picked last at the park anymore The Hick's Avatar
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    Default Re: What's next for the us economy and covid response?

    Quote Originally Posted by bladefd View Post
    Inflation is currently over 4%. That won't last for long.
    It's almost 7% now. Any more words of wisdom for us?

  6. #6
    Good High School Starter AKA_AAP's Avatar
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    Default Re: What's next for the us economy and covid response?

    Inflation is well over 10%, just look at your expense column and receipts then compare it from pre-covid numbers. Shouldn't surprise you that the media is lying about the actual inflation %.

  7. #7
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    Default Re: What's next for the us economy and covid response?

    Quote Originally Posted by AKA_AAP View Post
    Inflation is well over 10%, just look at your expense column and receipts then compare it from pre-covid numbers. Shouldn't surprise you that the media is lying about the actual inflation %.
    Yes, and it's a scary thought about how people are affected differently.

    Even the electric vehicle vegans will start to feel supply chain problems increasing costs and delays.

  8. #8
    2020 InsideHoops ROTY Axe's Avatar
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    Default Re: What's next for the us economy and covid response?

    It seems sleepy joe is still cleaning up the big mess that the republicans left since january.

  9. #9
    I don't get picked last at the park anymore The Hick's Avatar
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    Default Re: What's next for the us economy and covid response?

    Quote Originally Posted by Axe View Post
    It seems sleepy joe is still cleaning up the big mess that the republicans left since january.
    The only mess he's cleaning up is that wreck left on his ass after he's peeled off his diaper

  10. #10
    The Renaissance man bladefd's Avatar
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    Default Re: What's next for the us economy and covid response?

    Quote Originally Posted by The Hick View Post
    It's almost 7% now. Any more words of wisdom for us?
    Feds were saying they would begin raising interest rates by the end of the year. If they do it as they said, inflation will begin to drop. I don't know when or if they began pulling back a bit, but I recall December being mentioned. I don't know where it's at. I'm surprised too - it's entering worrisome territory if it continues into double digits and further onwards.

    I underestimated the microchip shortage and other shortages. Economies have mostly opened up since I made that post in May, but shortages are still rampant. Companies like Intel & Nvidia (and even the bottom of the chains like car manufacturers, cyclicals, others) have massive backlogs that I completely underestimated. I don't know how long it will take for them to fulfill their backlogs.. The 15 months of global shutdowns did a lot more damage than I thought. Companies have to fulfill that backlog before they can even reach orders since the markets opened up a few months ago.

  11. #11
    2020 InsideHoops ROTY Axe's Avatar
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    Default Re: What's next for the us economy and covid response?

    Quote Originally Posted by The Hick View Post
    The only mess he's cleaning up is that wreck left on his ass after he's peeled off his diaper
    Seething.

  12. #12
    pronouns - he/haw Nanners's Avatar
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    Default Re: What's next for the us economy and covid response?


  13. #13
    81 on the Raptors BigKobeFan's Avatar
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    Default Re: What's next for the us economy and covid response?

    Quote Originally Posted by bladefd View Post
    Inflation is currently over 4%. That won't last for long.

    The demand is currently greater than the supply in multiple industries, especially electronics. Things like microchip shortage won't last for very long imo. Probably in the next few months by the end of the year, it will be rolling again. Supply will once again surpass demand.

    I don't know what the feds plan on doing, but don't be surprised if they begin to slowly raising the interest rates
    wrong again...as usual

  14. #14
    81 on the Raptors BigKobeFan's Avatar
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    Default Re: What's next for the us economy and covid response?

    Quote Originally Posted by bladefd View Post
    . The 15 months of global shutdowns did a lot more damage than I thought.

    We've noticed already that you never think

  15. #15
    NBA rookie of the year Shogon's Avatar
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    Default Re: What's next for the us economy and covid response?

    Quote Originally Posted by bladefd View Post
    Current inflation has nothing to do with the stimulus package.


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