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Fed raises inflation expectations!!

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BillB

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Jun 16, 2021, 5:05:34 PM6/16/21
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....to 3.5% (just a hair short of "hyperinflation"). Powell also said the committee reiterates that the recent rise in inflation is transitory. Once the Covid issues are sorted, the Fed is anticipating two rate hikes in 2023 (presumably to help meet their 2% average inflation target).

Call me batshit crazy, but I'm still not seeing $800 Big Macs and $2 million
F-150s by February. Maybe I just need to watch more youtube conspiracy videos?

risky biz

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Jun 17, 2021, 5:19:40 AM6/17/21
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On Wednesday, June 16, 2021 at 2:05:34 PM UTC-7, BillB wrote:
> ....to 3.5% (just a hair short of "hyperinflation"). Powell also said the committee reiterates that the recent rise in inflation is transitory. Once the Covid issues are sorted, the Fed is anticipating two rate hikes in 2023 (presumably to help meet their 2% average inflation target).
>
~ Call me batshit crazy, but I'm still not seeing $800 Big Macs and $2 million
> F-150s by February. Maybe I just need to watch more youtube conspiracy videos?

If the Fed expected inflation to go to 9% do you think they would announce they expect inflation to go to 9%? Duh.

I'm hedging my bets. Big Macs don't keep so I bought three cows and 2 million F-150s.

But I don't think you're batshit crazy. I think you're batshit dumb.

BillB

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Jun 17, 2021, 5:24:56 AM6/17/21
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On Thursday, June 17, 2021 at 2:19:40 AM UTC-7, risky biz wrote:
> On Wednesday, June 16, 2021 at 2:05:34 PM UTC-7, BillB wrote:
> > ....to 3.5% (just a hair short of "hyperinflation"). Powell also said the committee reiterates that the recent rise in inflation is transitory. Once the Covid issues are sorted, the Fed is anticipating two rate hikes in 2023 (presumably to help meet their 2% average inflation target).
> >
> ~ Call me batshit crazy, but I'm still not seeing $800 Big Macs and $2 million
> > F-150s by February. Maybe I just need to watch more youtube conspiracy videos?
> If the Fed expected inflation to go to 9% do you think they would announce they expect inflation to go to 9%? Duh.

9%?? Your wife and "financial guru" has predicted a worthless dollar by spring. Are you not paying attention?

> I'm hedging my bets. Big Macs don't keep so I bought three cows and 2 million F-150s.
>
> But I don't think you're batshit crazy. I think you're batshit dumb.

You only think that because you are the real dumb one.

risky biz

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Jun 17, 2021, 5:59:58 AM6/17/21
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~ You only think that because you are the real dumb one.

IKYABWAI? Hitting rock bottom, are you?

risky biz

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Jun 17, 2021, 6:01:55 AM6/17/21
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On Wednesday, June 16, 2021 at 2:05:34 PM UTC-7, BillB wrote:

~ Fed raises inflation expectations!!

BEEP!!! BEEP!!! BEEP!!!BEEP!!! BEEP!!! BEEP!!!BEEP!!! BEEP!!! BEEP!!!BEEP!!! BEEP!!! BEEP!!!
Watch it- Free🧀Gov'tCheeseBoy in Vancouver backing up!

Let's see how much harder he'll have to run to stay in front of it.

BillB

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Jun 17, 2021, 6:27:03 AM6/17/21
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Uh...they raised it by 1%, fool. That is hardly "hyperinflation". LOL Another riskytard epic fail.

BillB

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Jun 17, 2021, 6:27:03 AM6/17/21
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On Thursday, June 17, 2021 at 3:01:55 AM UTC-7, risky biz wrote:

risky biz

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Jun 17, 2021, 9:37:08 PM6/17/21
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On Thursday, June 17, 2021 at 3:27:03 AM UTC-7, BillB wrote:
> On Thursday, June 17, 2021 at 3:01:55 AM UTC-7, risky biz wrote:
> > On Wednesday, June 16, 2021 at 2:05:34 PM UTC-7, BillB wrote:
> > ~ Fed raises inflation expectations!!
> >
> > BEEP!!! BEEP!!! BEEP!!!BEEP!!! BEEP!!! BEEP!!!BEEP!!! BEEP!!! BEEP!!!BEEP!!! BEEP!!! BEEP!!!
> > Watch it- Free🧀Gov'tCheeseBoy in Vancouver backing up!
> >
> > Let's see how much harder he'll have to run to stay in front of it.

~ Uh...they raised it by 1%, fool. That is hardly "hyperinflation". LOL Another riskytard epic fail.

It's 'hardly hyperinflation' until it's hyperinflation, developmentally disabled person. Duh.

According to you it was 2%, now it's 3.5%. That's a 75% increase, not 1%. Math isn't your strong suit, is it?

And raising guidance to 3.5% after efforts at 2% just did a huge flop (price levels up 5% since last year) isn't going to inspire confidence.

risky biz

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Jun 17, 2021, 9:38:31 PM6/17/21
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On Thursday, June 17, 2021 at 3:27:03 AM UTC-7, BillB wrote:
You're still firing blanks.

BillB

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Jun 17, 2021, 9:52:40 PM6/17/21
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On Thursday, June 17, 2021 at 6:37:08 PM UTC-7, risky biz wrote:
> On Thursday, June 17, 2021 at 3:27:03 AM UTC-7, BillB wrote:
> > On Thursday, June 17, 2021 at 3:01:55 AM UTC-7, risky biz wrote:
> > > On Wednesday, June 16, 2021 at 2:05:34 PM UTC-7, BillB wrote:
> > > ~ Fed raises inflation expectations!!
> > >
> > > BEEP!!! BEEP!!! BEEP!!!BEEP!!! BEEP!!! BEEP!!!BEEP!!! BEEP!!! BEEP!!!BEEP!!! BEEP!!! BEEP!!!
> > > Watch it- Free🧀Gov'tCheeseBoy in Vancouver backing up!
> > >
> > > Let's see how much harder he'll have to run to stay in front of it.
> ~ Uh...they raised it by 1%, fool. That is hardly "hyperinflation". LOL Another riskytard epic fail.
>
> It's 'hardly hyperinflation' until it's hyperinflation, developmentally disabled person. Duh.
>
> According to you it was 2%, now it's 3.5%. That's a 75% increase, not 1%. Math isn't your strong suit, is it?

Another reading comprehension fail...LOL

> And raising guidance to 3.5% after efforts at 2% just did a huge flop (price levels up 5% since last year) isn't going to inspire >confidence.

I have no idea what "confidence it inspires in moronic economic illiterates like you. We found out today you don't even know what inflation is.

Satoshi Popinjay

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Jun 18, 2021, 12:11:20 AM6/18/21
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On Thursday, June 17, 2021 at 6:38:31 PM UTC-7, risky biz wrote:

> You're still firing blanks.


That's what his wife told him.

risky biz

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Jun 18, 2021, 12:24:17 AM6/18/21
to
On Thursday, June 17, 2021 at 6:37:08 PM UTC-7, risky biz wrote:
> On Thursday, June 17, 2021 at 3:27:03 AM UTC-7, BillB wrote:
> > On Thursday, June 17, 2021 at 3:01:55 AM UTC-7, risky biz wrote:
> > > On Wednesday, June 16, 2021 at 2:05:34 PM UTC-7, BillB wrote:
> > > ~ Fed raises inflation expectations!!
> > >
> > > BEEP!!! BEEP!!! BEEP!!!BEEP!!! BEEP!!! BEEP!!!BEEP!!! BEEP!!! BEEP!!!BEEP!!! BEEP!!! BEEP!!!
> > > Watch it- Free🧀Gov'tCheeseBoy in Vancouver backing up!
> > >
> > > Let's see how much harder he'll have to run to stay in front of it.
> ~ Uh...they raised it by 1%, fool. That is hardly "hyperinflation". LOL Another riskytard epic fail.
>
> It's 'hardly hyperinflation' until it's hyperinflation, developmentally disabled person. Duh.
>

~ According to you it was 2%, now it's 3.5%. That's a 75% increase, not 1%. Math isn't your strong suit, is it?

Correction: The Fed's March guidance was 2.4%, now it's 3.4%. Blabbermouth had it wrong. I do know to expect that but didn't have time to reference reliable sources earlier. So the Fed raised its guidance by 42%. That was referred to as 'drastic' in news reports.

risky biz

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Jun 18, 2021, 12:32:45 AM6/18/21
to
On Thursday, June 17, 2021 at 6:52:40 PM UTC-7, BillB wrote:
> On Thursday, June 17, 2021 at 6:37:08 PM UTC-7, risky biz wrote:
> > On Thursday, June 17, 2021 at 3:27:03 AM UTC-7, BillB wrote:
> > > On Thursday, June 17, 2021 at 3:01:55 AM UTC-7, risky biz wrote:
> > > > On Wednesday, June 16, 2021 at 2:05:34 PM UTC-7, BillB wrote:
> > > > ~ Fed raises inflation expectations!!
> > > >
> > > > BEEP!!! BEEP!!! BEEP!!!BEEP!!! BEEP!!! BEEP!!!BEEP!!! BEEP!!! BEEP!!!BEEP!!! BEEP!!! BEEP!!!
> > > > Watch it- Free🧀Gov'tCheeseBoy in Vancouver backing up!
> > > >
> > > > Let's see how much harder he'll have to run to stay in front of it.
> > ~ Uh...they raised it by 1%, fool. That is hardly "hyperinflation". LOL Another riskytard epic fail.
> >
> > It's 'hardly hyperinflation' until it's hyperinflation, developmentally disabled person. Duh.
> >
> > According to you it was 2%, now it's 3.5%. That's a 75% increase, not 1%. Math isn't your strong suit, is it?
> Another reading comprehension fail...LOL
> > And raising guidance to 3.5% after efforts at 2% just did a huge flop (price levels up 5% since last year) isn't going to inspire >confidence.

~ I have no idea what "confidence it inspires in moronic economic illiterates like you. We found out today you don't even know what inflation is.

YOU found out today that you don't know 'inflation' and 'inflation rate' are sloppy terms to refer to changes in the Consumer Price Index.

YOU also found out that your ignorant dispute of Paul's assertions that money supply affects price levels was pure stupidity.

'there is now broad agreement among economists that in the long run, the inflation rate is essentially dependent on the growth rate of the money supply relative to the growth of the economy'
https://en.wikipedia.org/wiki/Inflation#Issues_in_measuring

Overall, you've had a pretty shitty day.

BillB

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Jun 18, 2021, 12:46:13 AM6/18/21
to
On Thursday, June 17, 2021 at 9:32:45 PM UTC-7, risky biz wrote:
> On Thursday, June 17, 2021 at 6:52:40 PM UTC-7, BillB wrote:
> > On Thursday, June 17, 2021 at 6:37:08 PM UTC-7, risky biz wrote:
> > > On Thursday, June 17, 2021 at 3:27:03 AM UTC-7, BillB wrote:
> > > > On Thursday, June 17, 2021 at 3:01:55 AM UTC-7, risky biz wrote:
> > > > > On Wednesday, June 16, 2021 at 2:05:34 PM UTC-7, BillB wrote:
> > > > > ~ Fed raises inflation expectations!!
> > > > >
> > > > > BEEP!!! BEEP!!! BEEP!!!BEEP!!! BEEP!!! BEEP!!!BEEP!!! BEEP!!! BEEP!!!BEEP!!! BEEP!!! BEEP!!!
> > > > > Watch it- Free🧀Gov'tCheeseBoy in Vancouver backing up!
> > > > >
> > > > > Let's see how much harder he'll have to run to stay in front of it.
> > > ~ Uh...they raised it by 1%, fool. That is hardly "hyperinflation". LOL Another riskytard epic fail.
> > >
> > > It's 'hardly hyperinflation' until it's hyperinflation, developmentally disabled person. Duh.
> > >
> > > According to you it was 2%, now it's 3.5%. That's a 75% increase, not 1%. Math isn't your strong suit, is it?
> > Another reading comprehension fail...LOL
> > > And raising guidance to 3.5% after efforts at 2% just did a huge flop (price levels up 5% since last year) isn't going to inspire >confidence.
> ~ I have no idea what "confidence it inspires in moronic economic illiterates like you. We found out today you don't even know what inflation is.
>
> YOU found out today that you don't know 'inflation' and 'inflation rate' are sloppy terms to refer to changes in the Consumer Price Index.
>

LOL..wrong again

> YOU also found out that your ignorant dispute of Paul's assertions that money supply affects price levels was pure stupidity.

False. I clearly said It is inflationary. That does not mean there won't be offsetting factors (obviously). Paul says there is going to be "hyperinflation" and that the dollar is going to zero by next spring. Is that what you are agreeing with??

> 'there is now broad agreement among economists that in the long run, the inflation rate is essentially dependent on the growth rate of the money supply relative to the growth of the economy'
> https://en.wikipedia.org/wiki/Inflation#Issues_in_measuring
>

Do you know what RELATIVE means? And growth of the economy is not the only offsetting factor. This is basic shit you are proving you had no clue about.

> Overall, you've had a pretty shitty day.

Says the moron who doesn't know what day it is. You can believe whatever you want. It means nothing.

risky biz

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Jun 18, 2021, 12:56:50 AM6/18/21
to
On Thursday, June 17, 2021 at 9:46:13 PM UTC-7, BillB wrote:
> On Thursday, June 17, 2021 at 9:32:45 PM UTC-7, risky biz wrote:
> > On Thursday, June 17, 2021 at 6:52:40 PM UTC-7, BillB wrote:
> > > On Thursday, June 17, 2021 at 6:37:08 PM UTC-7, risky biz wrote:
> > > > On Thursday, June 17, 2021 at 3:27:03 AM UTC-7, BillB wrote:
> > > > > On Thursday, June 17, 2021 at 3:01:55 AM UTC-7, risky biz wrote:
> > > > > > On Wednesday, June 16, 2021 at 2:05:34 PM UTC-7, BillB wrote:
> > > > > > ~ Fed raises inflation expectations!!
> > > > > >
> > > > > > BEEP!!! BEEP!!! BEEP!!!BEEP!!! BEEP!!! BEEP!!!BEEP!!! BEEP!!! BEEP!!!BEEP!!! BEEP!!! BEEP!!!
> > > > > > Watch it- Free🧀Gov'tCheeseBoy in Vancouver backing up!
> > > > > >
> > > > > > Let's see how much harder he'll have to run to stay in front of it.
> > > > ~ Uh...they raised it by 1%, fool. That is hardly "hyperinflation". LOL Another riskytard epic fail.
> > > >
> > > > It's 'hardly hyperinflation' until it's hyperinflation, developmentally disabled person. Duh.
> > > >
> > > > According to you it was 2%, now it's 3.5%. That's a 75% increase, not 1%. Math isn't your strong suit, is it?
> > > Another reading comprehension fail...LOL
> > > > And raising guidance to 3.5% after efforts at 2% just did a huge flop (price levels up 5% since last year) isn't going to inspire >confidence.
> > ~ I have no idea what "confidence it inspires in moronic economic illiterates like you. We found out today you don't even know what inflation is.
> >
> > YOU found out today that you don't know 'inflation' and 'inflation rate' are sloppy terms to refer to changes in the Consumer Price Index.
> >
> LOL..wrong again
> > YOU also found out that your ignorant dispute of Paul's assertions that money supply affects price levels was pure stupidity.

~ False. I clearly said It is inflationary.

You started 'talking two ways', as some Chinese say, AFTER I educated you that you were referencing an academic goofball at Texas Christian University with zero credibility.

~ That does not mean there won't be offsetting factors (obviously).

Here comes the FTZWS (Flood The Zone With Shit).

> Paul says there is going to be "hyperinflation" and that the dollar is going to zero by next spring. Is that what you are agreeing with??

> > 'there is now broad agreement among economists that in the long run, the inflation rate is essentially dependent on the growth rate of the money supply relative to the growth of the economy'
> > https://en.wikipedia.org/wiki/Inflation#Issues_in_measuring
> >

~ Do you know what RELATIVE means? And growth of the economy is not the only offsetting factor. This is basic shit you are proving you had no clue about.

FTZWS

> > Overall, you've had a pretty shitty day.

> Says the moron who doesn't know what day it is. You can believe whatever you want. It means nothing.

FTZWS

BillB

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Jun 18, 2021, 1:01:59 AM6/18/21
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That's his way of conceding. LOL Every time he has said that he's been bitchslapped silly.

risky biz

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Jun 18, 2021, 4:41:20 PM6/18/21
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~ That's his way of conceding. LOL Every time he has said that he's been bitchslapped silly.
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