What's next for the us economy and covid response?

[oldtimer28]

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?

[bladefd]

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.

[bladefd]

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

[The Hick]

Inflation is currently over 4%. That won't last for long.

It's almost 7% now. Any more words of wisdom for us?

[AKA_AAP]

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 %.

[oldtimer28]

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.

[Axe]

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

[The Hick]

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

[bladefd]

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.

[Axe]

The only mess he's cleaning up is that wreck left on his ass after he's peeled off his diaper

Seething.

[Nanners]

[BigKobeFan]

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

[BigKobeFan]

. The 15 months of global shutdowns did a lot more damage than I thought.

We've noticed already that you never think

[Shogon]

Current inflation has nothing to do with the stimulus package.

[BurningHammer]

When you can't provide anything smart to a discussion, post memes.