Biden's Inflation Lies

[Rightguide]

Larry Summers: Inflation Much Worse Than Government Says​

DAVID STROM 12:30 PM | March 18, 2024

Lawrence Summers, Treasury Secretary under Clinton and economic advisor to Obama, is likely getting himself into trouble once again with the Left.

No doubt you have seen all the arguments from the pundits that Americans are somehow wrong to believe that the economy sucks for them. Panicked administration officials and MSM folks keep telling everybody that things are great and point at all the economic numbers to prove that to be the case, yet nobody is buying what they are selling.

Summers explains why: the way the numbers have been calculated has changed so much since the 1970s and 80s that they don't capture the true misery that people are feeling anymore.

The difference? Rises in interest rates, which increase the cost of purchasing goods, if not the goods themselves, are no longer measured as part of inflation.

More here on Biden's conspiracy against truth: https://hotair.com/david-strom/2024...tion-much-worse-than-government-says-n3784904


Yes, as we've said in the past. You're being lied to by stupid people.

 

[Fuzzy1975]

Larry Summers: Inflation Much Worse Than Government Says​

DAVID STROM 12:30 PM | March 18, 2024

Lawrence Summers, Treasury Secretary under Clinton and economic advisor to Obama, is likely getting himself into trouble once again with the Left.

No doubt you have seen all the arguments from the pundits that Americans are somehow wrong to believe that the economy sucks for them. Panicked administration officials and MSM folks keep telling everybody that things are great and point at all the economic numbers to prove that to be the case, yet nobody is buying what they are selling.

Summers explains why: the way the numbers have been calculated has changed so much since the 1970s and 80s that they don't capture the true misery that people are feeling anymore.

The difference? Rises in interest rates, which increase the cost of purchasing goods, if not the goods themselves, are no longer measured as part of inflation.

More here on Biden's conspiracy against truth: https://hotair.com/david-strom/2024...tion-much-worse-than-government-says-n3784904


Yes, as we've said in the past. You're being lied to by stupid people.

So a guy under a President you're on record despising, and who's treasury secretary was complicit in ruining the economy, according to you, is now in your eyes, correct?

Why?

Oh because he said something you like?

fuck off idiot

 

[Philthy_Phil]

Larry Summers: Inflation Much Worse Than Government Says​

DAVID STROM 12:30 PM | March 18, 2024

Lawrence Summers, Treasury Secretary under Clinton and economic advisor to Obama, is likely getting himself into trouble once again with the Left.

No doubt you have seen all the arguments from the pundits that Americans are somehow wrong to believe that the economy sucks for them. Panicked administration officials and MSM folks keep telling everybody that things are great and point at all the economic numbers to prove that to be the case, yet nobody is buying what they are selling.

Summers explains why: the way the numbers have been calculated has changed so much since the 1970s and 80s that they don't capture the true misery that people are feeling anymore.

The difference? Rises in interest rates, which increase the cost of purchasing goods, if not the goods themselves, are no longer measured as part of inflation.

More here on Biden's conspiracy against truth: https://hotair.com/david-strom/2024...tion-much-worse-than-government-says-n3784904


Yes, as we've said in the past. You're being lied to by stupid people.

Please stop lying to us.

This is your 10th thread on page one. You need to get a life, loser.

 

[Rightguide]

Please stop lying to us.

This is your 10th thread on page one. You need to get a life, loser.

Fuck off butt sniff.

 

[ll74]

In case you want to read what Summers actually said (instead of right wing histrionics about what Summers said)

Here's the piece itself -

The Cost of Money is Part of the Cost of Living: New Evidence on the Consumer Sentiment Anomaly​

And the tweet being referenced in the hot-air pwn the libs article:

https://twitter.com/x/status/1762607534676853015

 

[Rightguide]

Please stop lying to us.

This is your 10th thread on page one. You need to get a life, loser.

The point is even a staunch Democrat can see the worthless turd is lying to us. I realize you're too friggin' dumb to understand it though.

 

[Fuzzy1975]

The point is even a staunch Democrat can see the worthless turd is lying to us. I realize you're too friggin' dumb to understand it though.

wrongway's wearing his blinders again, but this time it seems he added in ii74. I wonder why? *chuckles*

 

[Rightguide]

In case you want to read what Summers actually said (instead of right wing histrionics about what Summers said)

Here's the piece itself -

The Cost of Money is Part of the Cost of Living: New Evidence on the Consumer Sentiment Anomaly​

And the tweet being referenced in the hot-air pwn the libs article:

https://twitter.com/x/status/1762607534676853015

Here's what he said:

Unemployment is low and inflation is falling, but consumer sentiment remains depressed. This has confounded economists, who historically rely on these two variables to gauge how consumers feel about the economy. We propose that borrowing costs, which have grown at rates they had not reached in decades, do much to explain this gap. The cost of money is not currently included in traditional price indexes, indicating a disconnect between the measures favored by economists and the effective costs borne by consumers. We show that the lows in US consumer sentiment that cannot be explained by unemployment and official inflation are strongly correlated with borrowing costs and consumer credit supply. Concerns over borrowing costs, which have historically tracked the cost of money, are at their highest levels since the Volcker-era. We then develop alternative measures of inflation that include borrowing costs and can account for almost three quarters of the gap in US consumer sentiment in 2023. Global evidence shows that consumer sentiment gaps across countries are also strongly correlated with changes in interest rates.

The link is in the article.

 

[ll74]

Here's what he said:

Unemployment is low and inflation is falling, but consumer sentiment remains depressed. This has confounded economists, who historically rely on these two variables to gauge how consumers feel about the economy. We propose that borrowing costs, which have grown at rates they had not reached in decades, do much to explain this gap. The cost of money is not currently included in traditional price indexes, indicating a disconnect between the measures favored by economists and the effective costs borne by consumers. We show that the lows in US consumer sentiment that cannot be explained by unemployment and official inflation are strongly correlated with borrowing costs and consumer credit supply. Concerns over borrowing costs, which have historically tracked the cost of money, are at their highest levels since the Volcker-era. We then develop alternative measures of inflation that include borrowing costs and can account for almost three quarters of the gap in US consumer sentiment in 2023. Global evidence shows that consumer sentiment gaps across countries are also strongly correlated with changes in interest rates.

The link is in the article.

I provided the source because I feel some folks may actually want to bypass the hotair bullshit that you posted and actually go directly to the source.

Your interpretation or quoting (without using the fucking quote button) isn't needed.

 

[Rightguide]

I provided the source because I feel some folks may actually want to bypass the hotair bullshit that you posted and actually go directly to the source.

Your interpretation or quoting (without using the fucking quote button) isn't needed.

Fuck off, the quote from the report is accurate.

 

[Rightguide]

Please stop lying to us.

This is your 10th thread on page one. You need to get a life, loser.

Go back to identifying as a girl and pull your panties up.

 

[ll74]

Fuck off, the quote from the report is accurate.

Yes, this insightful analysis is important to you ->

No doubt you have seen all the arguments from the pundits that Americans are somehow wrong to believe that the economy sucks for them. Panicked administration officials and MSM folks keep telling everybody that things are great and point at all the economic numbers to prove that to be the case, yet nobody is buying what they are selling.

 

[Philthy_Phil]

The point is even a staunch Democrat can see the worthless turd is lying to us. I realize you're too friggin' dumb to understand it though.

You believe 100% of the lies trump spews so you have no ground to stand on. Myself, i don't listen to anything either of them say because I am much smarter than simps like you.

 

[Philthy_Phil]

Go back to identifying as a girl and pull your panties up.

3 replies to my one post. Triggered by the truth much? Lol

 

[Rotadom]

Go back to identifying as a girl and pull your panties up.

Are you still identifying as man?

 

[Bray123]

Are you still identifying as man?

On the 'LGBGQplus' scale, he identifies as 'minus'.

 

[Bray123]

From the paper:

Unemployment is low and inflation is falling

This alone is enough to enrage the Trumptards. Cheeto has said that he wants the economy to crash but it just ain't happening despite the best efforts of the MAGA party.

How long will it be before this aberration dies and Republicans return to politics?

 

[Pad_Foot]

When did the policy of not including interest rates as part of inflation begin ??

 

[Fuzzy1975]

From the paper:


This alone is enough to enrage the Trumptards. Cheeto has said that he wants the economy to crash but it just ain't happening despite the best efforts of the MAGA party.

How long will it be before this aberration dies and Republicans return to politics?

Republicans as they are today cannot return from this brink.