Existing home sales drop for ninth straight month in October

Discussion in 'Current Events' started by sec, Nov 18, 2022.

  1. FreshAir

    FreshAir Well-Known Member Past Donor

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    sadly 4 years of Trump was no laughing matter for our country or the world, Trump threw a wrench in the gears, and we are all gonna suffer for it
     
    Last edited: Nov 21, 2022
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  2. Nemesis

    Nemesis Well-Known Member

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    Last edited: Nov 21, 2022
  3. dairyair

    dairyair Well-Known Member

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    Post your data that shows stimulus money is directly responsible for this inflation.

    upload_2022-11-21_18-22-23.png
    Stimulus checks ended in Sept 21. The biggest amount of cases and deaths occurred 5 months later. I don't even know what point you are trying to make with this.

    Why are you so desperate for more stimulus? Covid will be with us for ever.

    Inflation is world wide, no one is denying that.
    You seem to think it's in USA only and a direct result of only what Biden did.
    I just don't buy your version of history or facts.
     
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  4. sec

    sec Well-Known Member

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    in which direction is the graph now heading?

    Uh Oh...........not good news is it?
     
  5. Nemesis

    Nemesis Well-Known Member

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    Some people here are in dire need of basic economics.
     
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  6. balancing act

    balancing act Well-Known Member

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    This is true, me included, but it's not surprising especially when there are so many conflicting economic expert opinions out there.
    I think it's tough to tell the honest (actual real opinions, whether correct or not) and the jaded (people who give opinions based on an agenda not necessarily truth or accuracy based).
    What is surprising to me is how convinced people are that the opinion they have espoused is correct, and refuse to learn, in fact are closed off from learning due to over confidence.
    Economics in the US are very complicated, and can change drastically from day to day due to internal and external influences.
    For me, it's crucial for me to approach economics with the thought that although I have opinions, there is much for me to learn.
    Sometimes, I may even learn some stuff right here on this forum!
    I also think that the idea that one party is better than the other at economics is a fool's errand. It's tempting to say that the Republicans have tended to underperform in the last 20 years, but again there are many more factors that play into it, and both parties have made economic "errors" at times.
    The economic situation usually has more to do with other factors, and there are many of them.
     
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  7. jcarlilesiu

    jcarlilesiu Well-Known Member Past Donor

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    It's impossible to put a percentage on it, but economists agree it contributed.

    Republicans warned.

    https://www.washingtonpost.com/us-policy/2022/10/09/inflation-economy-biden-covid/
     
  8. Nemesis

    Nemesis Well-Known Member

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    "Republicans warned"? *LOL* Umm, they passed stimulus bills too.

    What was the federal government to do? Refuse to help people during a pandemic because "inflation! Blaaaargh!!" in years to come?

    It was hardly much a contributor to inflationary forces anyway. Get another crazy theory.
     
    Last edited: Nov 22, 2022
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  9. dairyair

    dairyair Well-Known Member

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    Of course it contributed. Again, the last checks/stimulus ended in Sept 21.
    Over 1 yr ago. People have long spent that money.

    Republicans warned, while passing stimulus checks.
    I guess they didn't really care? Or they are hypocrites?

    In fact, Biden's last stimulus was the amount trump failed to get into place before he got booted out of office.
    It was his plan to give that last amount of stimulus.
     
    Last edited: Nov 22, 2022
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  10. jcarlilesiu

    jcarlilesiu Well-Known Member Past Donor

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    Which is what I said, and you have been arguing with me about for the last six exchanges.

    Do you argue just to argue?


    Wait.. so now you don't agree with the economists?

    Ahh, now excuses in the form of relativism fallacies.

    Trump is to blame for the bill passed by Democrats and signed by Biden?
     
  11. dairyair

    dairyair Well-Known Member

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    I was arguing with your claim it was THE reason for inflation. Only in the last post did you state it was part of many reasons.
    The biggest, IMO, being the world freed up and started to travel and go out again, also, some people decided not to return to their old jobs leaving employers short staffed and product not keeping up with demand.


    I think you argue to just argue. Or you don't explain good enough your point. Which at 1st was the stimulus was the reason for inflation.
    LOL, ridiculous, Biden only passed the amount trump wanted to pass before he got booted out of office.
    It wasn't blaming trump, how you got that is silly.
     
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  12. jcarlilesiu

    jcarlilesiu Well-Known Member Past Donor

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    ACTUALLY,

    My second post in the thread, and the first on the topic of inflation said;

    " I'm not saying ALL the inflation is because of Biden, obviously there was a global pandemic that cause the supply issues."
     
  13. dairyair

    dairyair Well-Known Member

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    Sorry, yes you did.

    Then I went on to ask you the policies of Biden that is the cause of inflation and you only gave the stimulus as the reason.
     
  14. jcarlilesiu

    jcarlilesiu Well-Known Member Past Donor

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    That was one example.

    I think his energy policy contributed as well, but I think Bidens contribution to overall inflation is low.
     
  15. Nemesis

    Nemesis Well-Known Member

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    His argument is ridiculous. My son, an actual economist, is explaining why he's painfully wrong.

    The CPI determines what makes up "inflation". Numerous factors are given various "weighted" values. @jcarlilesiu is using a very minor factor in blaming Biden for a worldwide issue.
     
    Last edited: Nov 25, 2022
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  16. 19Crib

    19Crib Well-Known Member Donor

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    Put your son on. I have a couple of questions.


    Obviously, gas prices are your only expense. Gas has come down, but it is a false economy. He used the national reserve to soften the upward swing of prices. This was fuel bought cheaper that will have to be replaced with more expensive fuel later.
    I will grant to you and others that this inflationary time is unique. It was the nation’s first recession done intentionally for spite.
     
    Last edited: Nov 25, 2022
  17. dairyair

    dairyair Well-Known Member

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    What in his energy policy contributed?
    I agree on his contribution to inflation being low.
    Presidents have very little effect on the overall economy, especially worldwide.

    Which is what I've been posting towards.
     
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  18. Nemesis

    Nemesis Well-Known Member

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    And if they did, why wouldn't they "lower inflation" in the months before election?

    WRT gas prices, there's no such thing as "energy independence" ; petroleum is a globally traded commodity, and petroleum companies sell it to whomever around the planet at the market price. The US can't force them to sell it only to American companies. What, did you RW'ers think that we had nationalized petroleum or something?
     
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