Not quite: I think you broke it down well that multiple factors influence inflation, but the boogyman of (minimum m-) wage-increases is being used to distract from price gouging and how specific sectors may have disproportionate influence over inflation numbers. My point being: breaking down who or what holds more or less weight on overall inflation increases and that not everyone or thing is equally ‘guilty’ currently would be worth a video.
What I feel is that you are nothing but a mouthpiece for your corporate overlords. I hope you don’t lose your soul in the service of heartless greedy sociopaths.
The system is failing as a result of both government and federal policy. In the next days, the banking crisis would have to be epic and gigantic for the FED to decide not to raise interest rates. This won't happen; an increase and a crash are coming. There will be more negative portfolios this 2nd half of 2024 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?Read more
Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder
Yes, I have been in touch with a CFP ever since the outbreak. Today, investing in hot stocks is quite easy; the difficult part is deciding when to buy and sell. With an initial starting reserve of $80k, my adviser chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
Sonya lee Mitchell is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Fascinatingly, inflation above 2% prompts central banks and the Fed to raise interest rates, sparking concern. I'm particularly alarmed by the rising interest rate, as it may trigger a mass exodus of investors from the stock market. Nonetheless, some investors continue to flourish, earning over $365,000. I aspire to emulate their success.
You should consider consulting a certified financial planner! Personally, I prefer a combination of ETFs and individual stocks in my portfolio. While individual stocks carry more risk, I'm comfortable with that level of risk given my financial situation and goals.
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.
This video is spot on. I've often thought that folks need to stop buying any thing other than basic necessities if they don't like the higher price of the goods or services. The price will come down or the good will cease to exist if no one buys it. Either way, life goes on.
For further explanation I'd like to hear why there was such massive stimulus in the first place? Why such low interest rates in the first place? Why so much cheap borrowing costs in the first place?
To prevent a recession. The economy is a fine balance between being too inflated and too recesse. The stimulus was done due to COVID to keep the economy from entering a recession.
You need to take a macroeconomics class. Low-interest rates reduce the cost of borrowing money which increases consumer spending and positively affects GDP. Stimulus or government spending also helps increase GDP but contributes to inflation because you're pumping in money to the economy. I think interest rates should have started to rise again sooner than they did. But, Biden is also to blame. The Inflation Reduction Act really does nothing to reduce inflation. Instead, it will cause inflation to increase even more because government spending and taxation are the two things the federal government (not the central bank) can adjust to combat inflation. So injecting even more money into the economy is not a good idea. It is just a way to trick uneducated voters who believe that they're reducing inflation while reducing emissions in our country. The bill is really a climate bill and not an anti-inflation bill.
You must have been absent during the pandemic, or entitled living in a bubble of wealth and deadbeat application to the real world. Look up the effects of Covid. One big clue is that millions died from not going into isolation and the economy came to a stand still. But there is so much more. I wish I could live in your simple and unempathetic bubble.
@@spacetoast7783I think he was answering to how Dion said we are to blame due to us pressuring the corps to pay us more in order to survive, meanwhile the executives would always get bail out with big paychecks and PPP loans
I was a bit skeptical to watch thinking you'd just blame one person or group, but I'm glad to see you're not like that. Subscribed! And now to binge your catalog of videos👍
Great explanation. Although, I think the last part about individuals being blamed for the inflation was not really needed. It's like being held partly reponsible for global warming just because we as human expel gases after we eat. Yes, that makes us partly responsible but we have no much control over it.
Dion dropping a J. Cole line at the end 🔥, and the little cut aways really help keep the attention at the beginning nice use of resources. Very true statement some are afraid to say, things happen for many reason like Peter Thiel often says about failed businesses. Rarely things are black and white like people want to hear, keep up the honest work brother!
Second video of yours I've watched. You seem to have a knack for explaining complex, nuanced concepts in down-to-earth ways. I'm about to start on a binge watch of your past videos.
It's harder for the average Joe to pay for stuff these days but if you take his job away, one can agree that things will be worse for him hence killing the economy with higher interest rates might not be the best answer to the problem. Targeted policies may have better impact. Anyways good video Dion, thanks for posting it
Blaming people who want higher wages assumes the higher ups can't level the gap in income and the increase automatically impacts product prices. This is inaccurate and also fails to account for products meant to be shipped overseas
I like that you tried to stay even-handed in the blame, but if you were to assign a proportion of blame amongst the four groups you mentioned, by far the Fed is the biggest culprit - I would say well over 50% of the blame. Why? The collective amount of money they’ve printed certainly since the 2008 financial crisis has meant way too many dollars chasing goods/services and we’re now paying the price.
Thanks for explaining it. Overall the U.S. might balance out in the long run, because of the world’s dependency on the U.S. dollar as the world’s currency, despite printing money and creating virtual digits in central banks. Every single nation is measured in its reserves in U.S. dollar. Question is if it doesn’t help other nations, how will it effect the U.S. economy and in return the world economy?
Diabolical corporate greed is also a major factor. Sociopathic corporations price gouge every chance they get. Not to mention an extremely corrupt federal government that allows them to run rampant.
@@sdhomeguide6343 I didn't say greed doesn't exist. I don't care about it and don't think it matters since it's always constant. I also don't have a problem with anybody charging any price no matter how much people need something.
@@agisler87 It’s not always constant, it’s worse than ever before, and we are suffering the consequences. I’m glad greed and corruption don’t bother you. Must be nice to live with your head in the sand.
During times of volatility and reduced demand, companies may have no choice but to raise their per unit profits. In part because they need to make extra money to pay for suppliers that are becoming more expensive. If you make more profit this year, but less next year, you're not really better off on the whole.
You're missing a huge piece that affects inflation this time that isn't common during the other inflationary periods. That is: Supply chain issues and manufacturing issues.. Normally inflation happens because people have extra money and demand on products increase so prices go up.. This time the demand could be "normal" and not "high" and it still increases because the manufacturers cannot even produce the normal amount for demand. China constantly doing total lockdowns with millions of workers not working to produce the products, causing huge delays in manufacturing. Then there is the supply in shipping the products. Remember the massive amounts of ships sitting outside California waiting to be unloaded. Truckers weren't able to keep up. Literally a perfect storm. I mean we have very low unemployment and companies can't even hire people they want. And yet we have an inflation. Made for all reasons mentioned and the supply chain problems not even keeping up with normal demand. Way too much dollars floating around out there 5 Trillion plus. Ask Zimbabwe how they are faring after printing money like crazy. Why would anyone think we're immune to the same effects?
Overall I enjoyed the content of this video, though I think it is a little unfair to blame the consumer as well. The consumer does play a role in inflation I suppose, but that's like blaming the consumer of Amazon for their horrible treatment of their employees. Or blaming consumers of McDonald's for the mistreatment of factory-farmed chickens. Sure they play a role, but I think there are other more important factors at play.
It seems like the recent increase in inflation may be due to lower-wage earners and the working class spending more on goods and services instead of saving. Additionally, first-generation immigrants and young Gen Z individuals are also spending more money on goods and services items. When you look around, you'll notice that most airplane passengers are customers or young Gen Z individuals. Gen Z individuals typically live with family or rent homes until later in life. First-generation immigrant working-class families combine their incomes to have disposable income, which is not the case for non-immigrant working-class families who may only have one wage earner and perhaps one part-time worker with lower disposable income. It appears that Gen Z and first-generation families have found the right model to survive in today's economy. However, it's possible that their increased spending may be contributing to the inflation we are experiencing. Just a thought to consider.
I wouldn't blame the Fed chairman too much; the real problem is simply how the Fed is designed to work, and their long-term policy of continual low inflation every year. That hasn't changed, regardless of who is the Fed chair.
I appreciate the balanced take. Still not a huge fan of using S&P500 to measure company profit margins and increased prices passed on to consumers because the members on the list rotate. Used in this context it's a measure of the margin of the companies who can generally demand the highest margins, so of course it's going to be huge and not representative of the market. If a company loses this ability their value declines and they fall off the list and are no longer tracked. Instead they are replaced by companies that can charge higher margins because their product can demand a premium at least for a period of time. That's why it's forecasted half of the S&P500 companies are going to be delisted from the S&P500 in the next 10 years (approx) and based on recent history it may be even faster than that. Picking the S&P500 list at a point prior to COVID (say 2018 or 2017) and flowing those specific companies would probably be more accurate for analyzing how margins at large companies in general have changed through the pandemic and through inflation since it would be the same 500 companies; not the margin of the 500 large companies that can demand the most margin (or are the most profitable) at any given point in time.
ty for this report i appreciate it. u know how often u hear people on social media solely blame joe. always room for improvement too but its not fair to say its all his fault.
It's Biden's fault. Had Trump been re-elected in 2020 and this inflation hit during his presidency everyone including the MSM would blame it all on Trump and no else
That’s such an over simplified reason lmao oil is a partial factor, over printing money is direct inflation and 50% of the money in the system didn’t exist before 2020 so most of it is there. If you know how inflation works that is put inflation when over printing.
Still, you have only touched on the surface of it all. Given that the video is only so long, who can blame you? Also, lets debunk the idea that it is "people asking for higher wages" right wing myth. Sure, it has a minor impact on inflation, however, if big corporations would pay themselves and their other higher up's a more practical wage and not a "we will feed your deadbeat great-great-great grandchildren's grandchildren" wages, we could stop blaming the people just trying to feed their children on 20k a year in an inflated economy. Shame on those who embrace that theory. But even outside of that, there is so much more- like why the rises in gas prices, wars, demand during covid, transportation of goods, etc... But thanks for the half (and fully anticipated) answers.
But let’s keep pushing for higher minimum wage. Cause it doesn’t hurt anything at all right? And let’s vote Biden in again. Cause that’s working great. And I agree with let’s all band together and only buy what we need. Cut the record profits from these greedy companies.
Inflation was always there. How do you think stock,asset,housing price increased in after 2008? Americans were broke after that,had no saving so who will invest? Comes of fed with trillions of dollar QE and asset popped up. Now that price is being reflected on consumer goods
Best way out of this, individually-speaking... get or maintain a stable well paying job at a recession-resistant industry, live frugally and look to invest opportunistically because baby, that opportunity is coming.
You can’t believe inflation numbers they changed the way inflation is measured. People are also under estimating the cost of rent which is costing us thousands more a year. My rent up 30 percent up alone and landlord hinted at raising it 15 percent at renewal.
Ban Russian , Iranian , Venezuelan oil because of Ego problem and make public pay more. People in the poor countries suffer most of this Ego problems of USA politicians
Your videos are understandable, newbies need to follow up your videos, not forgetting to contact Mr Henderson to guide them on how to make the right investment plan, I'm a living testimony
There are still those to blame who started the war (no not only Putin), those who thought it was a good idea to restrict our freedom during plandemic and those who are to blind to see that our society is so extremely decadent that we will sing and dance instead of fighting for a better life.
Translation: no one respects me for my batshit conspiracy theory about the secret evil cabal of nonsense so I’m going to say they’re lazy and don’t like freedom, whatever that means.
lol no, some idiot fucking president decided to floor it with the federal interest rate. Thats literally where the money comes from. Plus someone's got to pay for trump's idiotic 8 trillion spending spree
After watching the video, do you feel differently about who is responsible for high U.S. inflation?
Yes, I feel I am the culprit. You did a great job.
Not quite: I think you broke it down well that multiple factors influence inflation, but the boogyman of (minimum m-) wage-increases is being used to distract from price gouging and how specific sectors may have disproportionate influence over inflation numbers. My point being: breaking down who or what holds more or less weight on overall inflation increases and that not everyone or thing is equally ‘guilty’ currently would be worth a video.
Nice video, a good follow up would be how Bitcoin will get rid of inflation as a common monetary phenomenon and deflation will increase.
I think the only solution is going back to 2016 and electing John Kaisch because balancing the budget was the only thing he could say in public😂
What I feel is that you are nothing but a mouthpiece for your corporate overlords. I hope you don’t lose your soul in the service of heartless greedy sociopaths.
Thanks for sticking to the main point without cheap political nonsense.
Hell yeah!
The system is failing as a result of both government and federal policy. In the next days, the banking crisis would have to be epic and gigantic for the FED to decide not to raise interest rates. This won't happen; an increase and a crash are coming. There will be more negative portfolios this 2nd half of 2024 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?Read more
Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder
Yes, I have been in touch with a CFP ever since the outbreak. Today, investing in hot stocks is quite easy; the difficult part is deciding when to buy and sell. With an initial starting reserve of $80k, my adviser chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
Sonya lee Mitchell is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Fascinatingly, inflation above 2% prompts central banks and the Fed to raise interest rates, sparking concern. I'm particularly alarmed by the rising interest rate, as it may trigger a mass exodus of investors from the stock market. Nonetheless, some investors continue to flourish, earning over $365,000. I aspire to emulate their success.
You should consider consulting a certified financial planner! Personally, I prefer a combination of ETFs and individual stocks in my portfolio. While individual stocks carry more risk, I'm comfortable with that level of risk given my financial situation and goals.
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.
Amazing! I hope it's okay to inquire if you're still collaborating with the same fiduciary and how I can get in touch with them?
Her name is “Rebecca Noblett Roberts” can't divulge much. Most likely, the internet should have her basic info, you can research if you like
I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you
This video is spot on. I've often thought that folks need to stop buying any thing other than basic necessities if they don't like the higher price of the goods or services. The price will come down or the good will cease to exist if no one buys it. Either way, life goes on.
That's called a recession...
this feels like living in the USSR.
More people need to watch this. Thank you.
Very well explained Dion, with great graphs. Amazing!
i love those hip hop artist quotes at the end of each video you true man of the culture
That was the best explanation I’ve ever heard
That was perfect 👍🏽 glad Im not the only one guilty of causing a little inflation.
Love your videos brother 👌🏾❤️ great stuff!
Quality content per usual Dion
Truth, the truth will set you free. At last, truth from the WSJ.
For further explanation I'd like to hear why there was such massive stimulus in the first place? Why such low interest rates in the first place? Why so much cheap borrowing costs in the first place?
To prevent a recession. The economy is a fine balance between being too inflated and too recesse. The stimulus was done due to COVID to keep the economy from entering a recession.
To prop up the markets.
To juice the markets, same with the 2017 tax cuts during an economic boom started years prior.
You need to take a macroeconomics class. Low-interest rates reduce the cost of borrowing money which increases consumer spending and positively affects GDP. Stimulus or government spending also helps increase GDP but contributes to inflation because you're pumping in money to the economy. I think interest rates should have started to rise again sooner than they did. But, Biden is also to blame. The Inflation Reduction Act really does nothing to reduce inflation. Instead, it will cause inflation to increase even more because government spending and taxation are the two things the federal government (not the central bank) can adjust to combat inflation. So injecting even more money into the economy is not a good idea. It is just a way to trick uneducated voters who believe that they're reducing inflation while reducing emissions in our country. The bill is really a climate bill and not an anti-inflation bill.
You must have been absent during the pandemic, or entitled living in a bubble of wealth and deadbeat application to the real world. Look up the effects of Covid. One big clue is that millions died from not going into isolation and the economy came to a stand still. But there is so much more. I wish I could live in your simple and unempathetic bubble.
yeah yeah hindsight is 20/20. easy to say this now, not when people were suffering through covid.
Suffering because of government policies.
Yes J. Cole sign off!
Really good video, explained well, and also glad it was not sided to a political side.
I do my best
"The price keeps going up because you keep buying" as if we have the choice to stop buying food 😂 incredible journalism !!
Thanks Dion
I love how they blame the peasants while ignoring the grotesque pay packages of many chief executives.
What does that have to do with anything?
@@spacetoast7783I think he was answering to how Dion said we are to blame due to us pressuring the corps to pay us more in order to survive, meanwhile the executives would always get bail out with big paychecks and PPP loans
@@Nachtmusiks Are you getting a bailout when McDonalds sends you your $300 check tomorrow?
You're mixing words up in such a weird way.
I was a bit skeptical to watch thinking you'd just blame one person or group, but I'm glad to see you're not like that.
Subscribed! And now to binge your catalog of videos👍
Looking forward to seeing your comments on videos in the future.
Great explanation. Although, I think the last part about individuals being blamed for the inflation was not really needed. It's like being held partly reponsible for global warming just because we as human expel gases after we eat. Yes, that makes us partly responsible but we have no much control over it.
Great explanation and thank for for sticking to the facts.
Dion dropping a J. Cole line at the end 🔥, and the little cut aways really help keep the attention at the beginning nice use of resources. Very true statement some are afraid to say, things happen for many reason like Peter Thiel often says about failed businesses. Rarely things are black and white like people want to hear, keep up the honest work brother!
Second video of yours I've watched. You seem to have a knack for explaining complex, nuanced concepts in down-to-earth ways. I'm about to start on a binge watch of your past videos.
It's harder for the average Joe to pay for stuff these days but if you take his job away, one can agree that things will be worse for him hence killing the economy with higher interest rates might not be the best answer to the problem. Targeted policies may have better impact. Anyways good video Dion, thanks for posting it
This makes a lot of sense.
All your videos have been great. Keep up the azing work. Always informative and packaged in a great way
Much appreciated!
Blaming people who want higher wages assumes the higher ups can't level the gap in income and the increase automatically impacts product prices. This is inaccurate and also fails to account for products meant to be shipped overseas
Thank you
You're welcome
Bring back Dion!
Impeccable explanation
Glad you think so!
Wonderful
I like that you tried to stay even-handed in the blame, but if you were to assign a proportion of blame amongst the four groups you mentioned, by far the Fed is the biggest culprit - I would say well over 50% of the blame. Why? The collective amount of money they’ve printed certainly since the 2008 financial crisis has meant way too many dollars chasing goods/services and we’re now paying the price.
Dude you are soo right wow thanx for the info!!!!
Thanks for explaining it. Overall the U.S. might balance out in the long run, because of the world’s dependency on the U.S. dollar as the world’s currency, despite printing money and creating virtual digits in central banks.
Every single nation is measured in its reserves in U.S. dollar. Question is if it doesn’t help other nations, how will it effect the U.S. economy and in return the world economy?
Diabolical corporate greed is also a major factor. Sociopathic corporations price gouge every chance they get. Not to mention an extremely corrupt federal government that allows them to run rampant.
Blaming greed is lazy thinking. You want to see real shortages, then advocate for price controls.
@@agisler87 Not recognizing the tremendous influence of greed and corruption is dishonest thinking.
@@sdhomeguide6343 I didn't say greed doesn't exist. I don't care about it and don't think it matters since it's always constant. I also don't have a problem with anybody charging any price no matter how much people need something.
@@agisler87 It’s not always constant, it’s worse than ever before, and we are suffering the consequences. I’m glad greed and corruption don’t bother you. Must be nice to live with your head in the sand.
And yet somehow, this well-versed reporter, missed those points.🙄 Wonder why...
Thanks for not saying Putin.
GREAT VIDEO MATE
Great job! Love the J Cole reference lol
During times of volatility and reduced demand, companies may have no choice but to raise their per unit profits. In part because they need to make extra money to pay for suppliers that are becoming more expensive.
If you make more profit this year, but less next year, you're not really better off on the whole.
No comments on the Russia-Ukraine war or other supply-side factors?
the blame is "us people spending too much"
This feels like you didn't watch the video...
Good stuff!
You're missing a huge piece that affects inflation this time that isn't common during the other inflationary periods.
That is: Supply chain issues and manufacturing issues..
Normally inflation happens because people have extra money and demand on products increase so prices go up..
This time the demand could be "normal" and not "high" and it still increases because the manufacturers cannot even produce the normal amount for demand. China constantly doing total lockdowns with millions of workers not working to produce the products, causing huge delays in manufacturing. Then there is the supply in shipping the products. Remember the massive amounts of ships sitting outside California waiting to be unloaded. Truckers weren't able to keep up.
Literally a perfect storm. I mean we have very low unemployment and companies can't even hire people they want. And yet we have an inflation. Made for all reasons mentioned and the supply chain problems not even keeping up with normal demand.
Way too much dollars floating around out there 5 Trillion plus. Ask Zimbabwe how they are faring after printing money like crazy. Why would anyone think we're immune to the same effects?
Overall I enjoyed the content of this video, though I think it is a little unfair to blame the consumer as well.
The consumer does play a role in inflation I suppose, but that's like blaming the consumer of Amazon for their horrible treatment of their employees. Or blaming consumers of McDonald's for the mistreatment of factory-farmed chickens. Sure they play a role, but I think there are other more important factors at play.
It seems like the recent increase in inflation may be due to lower-wage earners and the working class spending more on goods and services instead of saving. Additionally, first-generation immigrants and young Gen Z individuals are also spending more money on goods and services items. When you look around, you'll notice that most airplane passengers are customers or young Gen Z individuals. Gen Z individuals typically live with family or rent homes until later in life. First-generation immigrant working-class families combine their incomes to have disposable income, which is not the case for non-immigrant working-class families who may only have one wage earner and perhaps one part-time worker with lower disposable income. It appears that Gen Z and first-generation families have found the right model to survive in today's economy. However, it's possible that their increased spending may be contributing to the inflation we are experiencing. Just a thought to consider.
I’m surprised there’s no talk about supply chain shocks from Covid.
I wouldn't blame the Fed chairman too much; the real problem is simply how the Fed is designed to work, and their long-term policy of continual low inflation every year. That hasn't changed, regardless of who is the Fed chair.
I appreciate the balanced take. Still not a huge fan of using S&P500 to measure company profit margins and increased prices passed on to consumers because the members on the list rotate. Used in this context it's a measure of the margin of the companies who can generally demand the highest margins, so of course it's going to be huge and not representative of the market. If a company loses this ability their value declines and they fall off the list and are no longer tracked. Instead they are replaced by companies that can charge higher margins because their product can demand a premium at least for a period of time. That's why it's forecasted half of the S&P500 companies are going to be delisted from the S&P500 in the next 10 years (approx) and based on recent history it may be even faster than that. Picking the S&P500 list at a point prior to COVID (say 2018 or 2017) and flowing those specific companies would probably be more accurate for analyzing how margins at large companies in general have changed through the pandemic and through inflation since it would be the same 500 companies; not the margin of the 500 large companies that can demand the most margin (or are the most profitable) at any given point in time.
Inflation is made in one place and one place only: Washington (milton friedman) and it is true today and was true before.
I see someone didn't feel like actually watching the video. He talks about your exact point and even quotes Friedman
@@BigDionstumblr I watched the video and what he says is true. Just referencing milton. Thanks
Isn't the definition of inflation is that the supply of money is being inflated. The rising of prices or inflation of prices is a by product of that.
🔥
Stimulus Checks, near zero interest rates, Covid, Supply Chain, labor market, Russia (to a point), and sanctioning against Russia.
ty for this report i appreciate it. u know how often u hear people on social media solely blame joe. always room for improvement too but its not fair to say its all his fault.
It's Biden's fault. Had Trump been re-elected in 2020 and this inflation hit during his presidency everyone including the MSM would blame it all on Trump and no else
@@SixerIverson04 but u and I both know it’s lazy analysis isn’t it. 😉
@@SixerIverson04 Global inflation issue because of the impact of COVID. Inflation in Europe is much worse than us
I Blame on Oil Company. They ship the oil out of U.S.
That’s such an over simplified reason lmao oil is a partial factor, over printing money is direct inflation and 50% of the money in the system didn’t exist before 2020 so most of it is there. If you know how inflation works that is put inflation when over printing.
Still, you have only touched on the surface of it all. Given that the video is only so long, who can blame you? Also, lets debunk the idea that it is
"people asking for higher wages" right wing myth. Sure, it has a minor impact on inflation, however, if big corporations would pay themselves and their other higher up's a more practical wage and not a "we will feed your deadbeat great-great-great grandchildren's grandchildren" wages, we could stop blaming the people just trying to feed their children on 20k a year in an inflated economy. Shame on those who embrace that theory. But even outside of that, there is so much more- like why the rises in gas prices, wars, demand during covid, transportation of goods, etc... But thanks for the half (and fully anticipated) answers.
This video was refreshing--as well as this comment section for not being riddled with cheap political shots...You people give me hope lol
Milton Friedman says if we stop letting the amount of money grow rapidly we can cure inflation.
But let’s keep pushing for higher minimum wage. Cause it doesn’t hurt anything at all right? And let’s vote Biden in again. Cause that’s working great. And I agree with let’s all band together and only buy what we need. Cut the record profits from these greedy companies.
A combination of factors I think.
I'd like to see some more points of view on this - you side step supply shocks, and say "it's because you want to be paid fairly"
Imagine if CNN said exactly this.
Don't forget tariffs!
So if the companies have the highest profit margin they are to blame most. Reduce ur profit to serve more people to cheaper price.
So the answer is restrict price gouging and and tax the extraordinarily wealthy?
If this is so true why do we only hear about inflation when the poors get money and not the rich
Inflation was always there. How do you think stock,asset,housing price increased in after 2008? Americans were broke after that,had no saving so who will invest? Comes of fed with trillions of dollar QE and asset popped up. Now that price is being reflected on consumer goods
3:45 how am i responsible for US inflation, I live in India :)
Sorry that was lame, but couldn't resist myself
Best way out of this, individually-speaking... get or maintain a stable well paying job at a recession-resistant industry, live frugally and look to invest opportunistically because baby, that opportunity is coming.
I ready to boycott when yhal are
the money they send to other country....USA could of build plenty of factory and help every American out of poverty...
hahah i love it! still feel the same. we're all to blame
im subbing for that j cole thing u said
You forgot to mention the Green New Deal.
THAT was all Biden
Politicians (democrats specifically)... that's who.
Fed printing trillions in months, aka monetary policy is always the biggest reason.
i love how they had to put trump in it AFTER biden.
You can’t believe inflation numbers they changed the way inflation is measured. People are also under estimating the cost of rent which is costing us thousands more a year. My rent up 30 percent up alone and landlord hinted at raising it 15 percent at renewal.
I always thought a big issue is a combination of things contributing to it, basically making it a very complex problem to solve to begin with
Welcome to the world poor people see every day.
IT'S THE DEBT THAT MAKE EVERYTHING GO HIGH PRICES. 😉
Everyone contributes to an outcome, doesn't mean you can't assign accountability to the biggest contributor. Great cop out though.
What's the biggest contributor?
@@spacetoast7783 That's what we all came here for.
800 trillion dollars
Let me guess: Putin? Trump? Anyone other than Biden and Powell?
Did you watch the video?
Hi guys from turkey
We have 80 percent inflation here
So you have got nothing
Hello!
demo-lish and demo-crat is making us suffer
STAY HOME & SHOP LOCAL
Blame on Biden
Why?
Breaking Points does a better job
Breaking Points is a joke. They are just shills for the Republican establishment.
Hah, Interesting that the host did not bring the Russian invasion up, which significantly disrupted the energy market.
Ban Russian , Iranian , Venezuelan oil because of Ego problem and make public pay more.
People in the poor countries suffer most of this Ego problems of USA politicians
Your videos are understandable, newbies need to follow up your videos, not forgetting to contact Mr Henderson to guide them on how to make the right investment plan, I'm a living testimony
the last argument is flawed, big time.
Wrong. One of your "who's" is to blame, the others are consequences.
There are still those to blame who started the war (no not only Putin), those who thought it was a good idea to restrict our freedom during plandemic and those who are to blind to see that our society is so extremely decadent that we will sing and dance instead of fighting for a better life.
Translation: no one respects me for my batshit conspiracy theory about the secret evil cabal of nonsense so I’m going to say they’re lazy and don’t like freedom, whatever that means.
lol no, some idiot fucking president decided to floor it with the federal interest rate. Thats literally where the money comes from.
Plus someone's got to pay for trump's idiotic 8 trillion spending spree
bringing trump into everything lolll