Inflation in the news driven by rich people - media experts claim inflation is good, while the Americans fight with less purchasing power - economy
Inflation in the news driven by rich people - media experts claim inflation is good, while the Americans fight with less purchasing power - economy
Inflation in the USA is worried about the future of their purchasing power, since the costs for goods and services rise faster every month. The Americans are reportedly difficult to pay for childcare, food, petrol, timber, medical care and used vehicles. On Friday, Harvard economist Kenneth Rogoff told the press that the US inflation was "striking" and in relation to the direction of inflation Rogoff emphasized, he thinks "We are on knife cutting edge".
Members of the US Federal Reserve begin to reduce the purchase of assets-discussions about the reduction will probably take place at the FED session in December
The deputy chairman of the central bank, Richard Clarida, spoke on Friday at the Asia conference 2021 of the Fed in San Francisco about tapering. "I will take a closer look at the data we receive between now and the December meeting, and it could be appropriate to have a discussion about the increase in the pace with which we reduce our balance sheet," emphasized Clarida. "That will be considered at the next meeting," he added.
purchasing power of the US dollar sinks
The increasing inflation has taken place in America after the US government tried to contain the Covid 19 pandemic by bulky mandate, to close small companies and to choke the supply chain with coronavirus security measures. In addition, the government and the US Federal Reserve increased the money supply of America more than in the previous 242 years.
The US dollar no longer goes as far as the costs for beef, hotel and motel accommodation, petrol, laundry requirement, natural gas, eggs, car rental, furniture and used car skyrocketed in the past 12 months . Metrics from Visualcapitalist.com show that the US inflation rate has recorded the strongest increase in 30 years. In addition, the costs for fuel, transport and meat products have experienced the largest price jump and rose from 24 % to 39 % in just one year.
Childcare and other costs associated with parenthood also fall to Woight and bars and restaurants are fight with the inflation , a work crisis and a collapse of the delivery chain at the same time. All over the country, the prices in the middle west and south in states, north, north Dakota, Nebraska, Iowa, Kansas and Minnesota.
mainstream media still claim that inflation is good, journalist insists that inflation is driven by the rich in the news, MSNBC deletes Tweet, who claims that the inflation we are now seeing is a good thing
Despite increasing inflation, mainstream media (MSM) Months things like "don't worry about inflation". The New York Times tried this week that inflation "is connected to the economical recovery" and recently Msnbc Deleted tweets Inflation that we are now seeing is a good thing. ”
The American journalist Sarah Jeong, who worked for the New York Times, Verge and Vice Media, received a lot of counter -reactions for her statements about inflation.
"Waaaaah, the income of the working class keeps up with the inflation or exceeds it, but my capital gains are not. Boo damn Hoooooo", jeong tells their 118,000 Twitter followers. In another controversial statement, Jeong tweeted Shit over because their parasitic assets do not go as well as they would like and they are afraid that unemployment benefit + voice checks + 15 minimum wages + labor shortage is the reason. ”
Harvard economist: With regard to the development of inflation "I think we are on the brink"
The Americans who spend more dollars for goods and services have heavily stressed people and data show that the so -called rising wages in America do not do justice to inflation. There were many report present checkable data shows that the increase in American wages does not compensate for the increasing inflation.
On Friday, the Harvard economist Kenneth Rogoff spoke in the program "Mornings with Maria" and the economist explains that America's inflation is "striking". The former chief economist of the IMF told Maria Bartiromo that he believed that "we are in terms of inflation on knife cutting edge" and that the "temporary" prediction of the Fed was correct with a "50-50 chance or a little less".
"I think it is pretty clear that the first stimulus took office directly after Biden's took office and maybe that was a bit late at the end of the year in 2020," said Rogoff in his interview. "They contributed to inflation, together with the supply chain and everything else," he added.
What do you think of America's increasing inflation and how politicians, politicians from the Federal Reserve and mainstream media experts deal with the data? Do you think inflation will be "temporary" or do you think that it will last for a very long time? Let us know your opinion on this topic in the comments below.
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