More very positive economic news

[BillB]

We now have two consecutive quarters of solid real GDP growth and the transitory inflation has been reduced to less than 2% annualized over the last 6 months' data.

I told you all along there was nothing to worry about, didn't I?

https://www.cnbc.com/2023/01/26/gdp-q4-2022-us-gdp-rose-2point9percent-in-the-fourth-quarter-more-than-expected-even-as-recession-fears-loom.html

By the way, don't expect the equity markets to like this too much. Solid growth and a sizzling job market is not exactly what the Fed has been trying to accomplish. It could militate in favor of more rate increases (which the markets hate). Nothing seems to be able to stop the Biden economy, even gale force interest rate headwinds.

[Tim Norfolk]

The problem is that rate increases hit the investor class quite hard. We can't have that.

[risky biz]

On Thursday, January 26, 2023 at 8:20:35 AM UTC-8, BillB wrote:
> We now have two consecutive quarters of solid real GDP growth and the transitory inflation has been reduced to less than 2% annualized over the last 6 months' data.
>

~I told you all along there was nothing to worry about, didn't I?


You predicted 'transitory inflation' at 3.5% before it zoomed through high 8%-9%. LOL. Stop lying. LIAR, LIAR again. How many nore times? You're going to wear it out.

[BillB]

It was transitory. It has been under 2% annualized over the last 6 months' data. Do you even understand what the word transitory means? You certainly had no clue what the term hyperinflation means.

tran·si·to·ry
/ˈtranzəˌtôrē,ˈtran(t)səˌtôrē/
adjective
not permanent.

And I don't lie, ever.

[Paul Popinjay]

On Thursday, January 26, 2023 at 2:09:11 PM UTC-8, BillB wrote:

>
> And I don't lie, ever.

The only possible way that our country can be saved is if the Republicans decide to do it. You cannot possibly say the Democrats, who are essentially a block of Bolsheviks, will do anything other than lead us to collapse. So is that what you are saying? That the Republicans are going to save us? Well, is it, fuckface?

[BillB]

Ah, yes, the "collapse" you have been talking about for 20 years. lol When was that supposed to happen again?

https://fred.stlouisfed.org/series/A939RX0Q048SBEA

https://fred.stlouisfed.org/series/UNRATE

https://fred.stlouisfed.org/series/MEFAINUSA672N

https://fred.stlouisfed.org/series/JTSLDL

https://fred.stlouisfed.org/series/FYOIGDA188S

[Paul Popinjay]

On Thursday, January 26, 2023 at 2:29:34 PM UTC-8, BillB wrote:

> Ah, yes, the "collapse" you have been talking about for 20 years. lol When was that supposed to happen again?
>

nice dodge, Jerry

[BillB]

You are dodging all the economic data I just showed you. You even took the trouble to cut it out of your response. There is nothing there that needs "saving."

[risky biz]

On Thursday, January 26, 2023 at 2:09:11 PM UTC-8, BillB wrote:
> On Thursday, January 26, 2023 at 2:01:14 PM UTC-8, risky biz wrote:
> > On Thursday, January 26, 2023 at 8:20:35 AM UTC-8, BillB wrote:
> > > We now have two consecutive quarters of solid real GDP growth and the transitory inflation has been reduced to less than 2% annualized over the last 6 months' data.
> > >
> > ~I told you all along there was nothing to worry about, didn't I?
> >
> >
> > You predicted 'transitory inflation' at 3.5% before it zoomed through high 8%-9%. LOL. Stop lying. LIAR, LIAR again. How many nore times? You're going to wear it out.
> > > https://www.cnbc.com/2023/01/26/gdp-q4-2022-us-gdp-rose-2point9percent-in-the-fourth-quarter-more-than-expected-even-as-recession-fears-loom.html
> > >
> > > By the way, don't expect the equity markets to like this too much. Solid growth and a sizzling job market is not exactly what the Fed has been trying to accomplish. It could militate in favor of more rate increases (which the markets hate). Nothing seems to be able to stop the Biden economy, even gale force interest rate headwinds.

~ It was transitory. It has been under 2% annualized over the last 6 months' data. Do you even understand what the word transitory means? You certainly had no clue what the term hyperinflation means.

>
> tran·si·to·ry
> /ˈtranzəˌtôrē,ˈtran(t)səˌtôrē/
> adjective
> not permanent.
>
> And I don't lie, ever.

You predicted 'transitory' 3.5% inflation followed by a decline. You didn't predict 3.5% 'inflation followed by a blowout to 8-9%. LOL. What a fake f***.

[BillB]

That was the Fed's forecast, and it was for fiscal 2021. Do you know what "fiscal 2021" means? I guess not.

[Paul Popinjay]

On Thursday, January 26, 2023 at 4:46:44 PM UTC-8, BillB wrote:

> That was the Fed's forecast, and it was for fiscal 2021. Do you know what "fiscal 2021" means? I guess not.

I hope you have some affluent neighbors who will feed you when you knock on their door. And you will go begging, I am sure of it. I guarantee you don't know how to start a fire or make a brick stove in your back yard. What happens when your medication is not available?

[risky biz]

~ That was the Fed's forecast, and it was for fiscal 2021. Do you know what "fiscal 2021" means? I guess not.


Stop trying to blame someone else for your stupid, economically clueless prediction:
Blabbermouth, 5/13/21: 'The inflation rate for fiscal 2021 will likely be about 3.5%, but even if it were 5%, that's a far, far cry from the hyperinflation popinjay is talking about.
https://groups.google.com/g/rec.gambling.poker/c/ofacWfgYXwM/m/DeAvmFL-AwAJ

It soared to high 8s-low 9s. What a dope. And all the time you kept discounting the effect of a MASSIVELY inflated money supply. Now you're lying about everything you said with every breath.

And stop lying about not lying, liar.

[risky biz]

~ On Thursday, January 26, 2023 at 8:20:35 AM UTC-8, BillB wrote:

~ We now have two consecutive quarters of solid real GDP growth and the transitory inflation has been reduced to less than 2% annualized over the last 6 months' data.


Gee whiz! I wonder why that happened. Duh!

February 2022 Fed Funds rate .08%
January 2023 Fed Funds rate 4.33%

They hit the panic button. Someone woke them up. It sure as hell wasn't an economic illiterate like you.

Meanwhile, middle class Americans are about 7.5% poorer than they were LAST YEAR. Does anyone remember when Blabbermouth shit his pants over a proposed 4% wealth tax on billionaires? LOL. What a phony!

[BillB]

I was simply endorsing the Fed's prediction (mine was 5%) and it was for "FISCAL 2021". Do you or do you not know what "FISCAL 2021" means? It's very obvious you don't. You were too busy backing Paul's prediction of hyperinflation, and trying to convince everyone that 7% inflation was "hyperinflation." That was hilarious. LOLOLOL What a moron.

[risky biz]

~ I was simply endorsing the Fed's prediction (mine was 5%) and it was for "FISCAL 2021". Do you or do you not know what "FISCAL 2021" means? It's very obvious you don't. You were too busy backing Paul's prediction of hyperinflation, and trying to convince everyone that 7% inflation was "hyperinflation." That was hilarious. LOLOLOL What a moron.


There you go - repeat the childish denial. Newsflash, brainless - almost everyone here can read English.

[BillB]

Do you know what "FISCAL 2021" means or not? You have offered no evidence that you do. Quite the contrary, in fact. And you don't know English (or economics) very well if you think 7% inflation is "hyperinflation" (LOLOL), which you tried to argue for in several posts. You also clearly demonstrated that you don't know what "transitory" means. You just aren't an educated or knowledgeable guy (assuming you are a guy). I think everyone can see that by now.

[Paul Popinjay]

On Thursday, January 26, 2023 at 8:13:47 PM UTC-8, BillB wrote:

> and trying to convince everyone that 7% inflation was "hyperinflation."

That's an out and out lie. He never tried to convince anyone that 7% inflation is hyperinflation. You are indeed a liar and this proves it. Or are you going to say that this is your FIRST lie? First lie or last lie, you are now officially on record as a bonafide liar. Pants on fire.

[BillB]

I was just going by memory. It as actually 6.2% inflation he was trying to convince everyone qualified as "hyperinflation" :


"A more proper and sensible terminology for a monthly inflation rate exceeding 50% is 'ultrahyperinflation'.
************************************************************************************************************
Is inflation currently 'above normal'? Yes, it is.

➡️'inflation surging to a level not seen for more than 30 years'⬅️
https://www.theguardian.com/business/2021/nov/10/inflation-us-latest-high-30-years-economy-predictions

Oxford English Dictionary
hyper-
prefix
1Over; beyond; above.
1.1Exceeding.
1.2Excessively; above normal.⬅️
https://www.lexico.com/en/definition/hyper_

'hyper-
​prefix
US
DEFINITIONS
more than usual or normal⬅️ : used with some adjectives and nouns to make adjectives and nouns
hypersensitive, hyperinflation
https://www.macmillandictionary.com/dictionary/american/hyper_2#hyper_8"
****************************************************************************************************************

So instead of accusing me of lying, which I never do, why don't you instead call out your wife riskytard for being an absolute moron?

[Paul Popinjay]

On Friday, January 27, 2023 at 2:04:16 AM UTC-8, BillB wrote:

>
> So instead of accusing me of lying, which I never do, why don't you instead call out your wife riskytard for being an absolute moron?

He's not a moron, and he knows what hyperinflation is. You are lying when you say otherwise. Liar.

[BillB]

I just showed you one quote of him trying to convince everyone that 6.2% inflation qualified as "hyperinflation" and now you are running for cover. That was ONE of the many times he advanced that moronic claim. When I showed him the real economic definitions of hyperinflation from real economists, he flatly rejected them. On top of that, he has lied MANY times about his endorsement of your equally idiotic claims of imminent hyperinflation, which he was clearly trying to defend in the quote I provided above. He was trying to convince everyone that you were right and I was wrong, because (in his pea brain) hyperinflation had already arrived.

As as everyone can see, I DID NOT "lie" above as you claimed, and now you have gone into denial mode. I do not lie, ever. In fact, in this case I was very conservative with my recollection and UNDERestimated his stupidity. It was actually 6.2% inflation he was trying to call "hyperinlation." LOL You two make quite the odd couple.

[Paul Popinjay]

On Friday, January 27, 2023 at 2:41:50 AM UTC-8, BillB wrote:
> On Friday, January 27, 2023 at 2:21:11 AM UTC-8, paulpo...@sbcglobal.net wrote:

Risky is one of the most intelligent RGPers to ever post here, he certainly knows what hyperinflation is. You're just full of shit. And you're a liar.

[BillB]

I quoted him, and you are in denial. He was explicitly trying to claim the 6.3% inflation referenced in his linked Guardian article qualified as "hyperinflation." Any honest person can see that. I said HONEST person, not you.

[da pickle]

Returns and lies and runs again ... only Jerry can top that.

[Paul Popinjay]

On Friday, January 27, 2023 at 4:46:06 AM UTC-8, da pickle wrote:

> Returns and lies and runs again ... only Jerry can top that.

Bill's wife.

[risky biz]

Hey, Blabbermouth- why do you hate English dictionaries? What an abject fool.

[VegasJerry]

On Thursday, January 26, 2023 at 3:41:37 PM UTC-8, paulpo...@sbcglobal.net wrote:

.

"Jerry?" I really have you whimpering with your wounds when you dodge to me when I've not even
in this marshmallow mess..