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FORUM / MIKES GRIPES /  Yah....Sinwar is defeated

Yah....Sinwar is defeated

Started by sharkbok126 REPLIES2,506 VIEWS· 17 Oct 2024, 22:03
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BO
bobbok...Captain10,129 posts
26 Oct 2024, 05:55
#81
26 Oct 2024, 05:55#81

..

ST
Stavanger1Pro4,532 posts
26 Oct 2024, 09:51
#82
26 Oct 2024, 09:51#82

LOL...go look in the mirror...at some point you will realise that facts matter...not only the facts you like.

Facts matter do they...I'm not the one who makes the claim that Trump that Trump would have prevented what happened in Ukraine or Israel-Palestine with zero facts to back that up. 

As for only facts I like, I'm not the one ignoring the numerous economists that point out the factors outsides of Biden's control that drove most of the inflation during his term.

DB
DbDraadCaptain26,388 posts
26 Oct 2024, 10:41
#83
26 Oct 2024, 10:41#83

I did not claim he would have prevented it...he said so, I said that Putin didn't invade Ukraine while Trump was president...and inflation was much lower while he was president,  even during the worst part of Covid...those are the facts...

ST
Stavanger1Pro4,532 posts
26 Oct 2024, 10:52
#84
26 Oct 2024, 10:52#84
When you said 
 the people who enjoy less wars and low inflation...
You're implying both of these occurrences where due to Trump.
I could equally say for those who enjoy less pandemics and those who believe its right that more NATO nations reach the two percent defence spending target.
Because there was no new global pandemics under Biden, and far more NATO countries reached the 2% target during Biden's term than Trumps. These are also facts.
But that doesn't mean Biden was responsible for either. Likewise he wasn't responsible for Ukraine and only partially responsible for inflation.
MO
MozartCaptain49,914 posts
26 Oct 2024, 16:12
#85
26 Oct 2024, 16:12#85

‘ As for only facts I like, I'm not the one ignoring the numerous economists that point out the factors outsides of Biden's control that drove most of the inflation during his term.’

…….

Really. This from the Economist a center left publication:

‘ That employment bounced back in most places suggests that America’s jobs recovery had more to do with the unusual nature of the pandemic recession, brought about by lockdowns and social distancing, than with Mr Biden’s gargantuan stimulus. The extra public spending surely boosted demand for workers, but what followed was a historic surge in job vacancies and worker shortages as the economy overheated. Actual employment would almost certainly have shot up anyway. By the time Mr Biden came to office the jobs recovery was already two-thirds complete, having defied economists’ gloomy predictions.

Mr Biden’s stimulus did, however, put a rocket under inflation. In April “core” consumer prices, which exclude energy and food, were 13.4% higher than when he came to office. They have risen more than in other g7 countries, and their acceleration coincided with the introduction of Mr Biden’s stimulus. Research suggests that, even by September 2022, the largesse was pushing up core inflation by about four percentage points.’

……

Biden was stimulating the Economy while the Fed was already following a restrictive policy. He provided more stimulus at exactly the wrong time.

MO
MozartCaptain49,914 posts
26 Oct 2024, 20:08
#87
26 Oct 2024, 20:08#87

Yes, there have been a number of attempts to exonerate Biden. Spending all that money when inflation was already rising and it wasn’t needed is the real story. Look and educate yourself:

YearJanFebMarAprMayJunJulAugSepOctNovDecAve20243.13.23.53.43.33.02.92.52.4Avail.
Nov. 
13
   20236.46.05.04.94.03.03.23.73.73.23.13.44.120227.57.98.58.38.69.18.58.38.27.77.16.58.020211.41.72.64.25.05.45.45.35.46.26.87.04.720202.52.31.50.30.10.61.01.31.41.21.21.41.220191.61.51.92.01.81.61.81.71.71.82.12.31.820182.12.22.42.52.82.92.92.72.32.52.21.92.420172.52.72.42.21.91.61.71.92.22.02.22.12.120161.41.00.91.11.01.00.81.11.51.61.72.11.32015-0.10.0-0.1-0.20.00.10.20.20.00.20.50.70.120141.61.11.52.02.12.12.01.71.71.71.30.81.620131.62.01.51.11.41.82.01.51.21.01.21.51.520122.92.92.72.31.71.71.41.72.02.21.81.72.120111.62.12.73.23.63.63.63.83.93.53.43.03.220102.62.12.32.22.01.11.21.11.11.21.11.51.6200900.2-0.4-0.7-1.3-1.4-2.1-1.5-1.3-0.21.82.7-0.420084.34.04.03.94.25.05.65.44.93.71.10.13.820072.12.42.82.62.72.72.42.02.83.54.34.12.820064.03.63.43.54.24.34.13.82.11.32.02.53.220053.03.03.13.52.82.53.23.64.74.33.53.43.420041.91.71.72.33.13.33.02.72.53.23.53.32.720032.63.03.02.22.12.12.12.22.32.01.81.92.320021.11.11.51.61.21.11.51.81.52.02.22.41.620013.73.52.93.33.63.22.72.72.62.11.91.62.820002.73.23.83.13.23.73.73.43.53.43.43.43.4



ST
Stavanger1Pro4,532 posts
26 Oct 2024, 20:44
#88
26 Oct 2024, 20:44#88

Educate myself. Why I just schooled you. 

I provided multiple links to articles that in turn linked to analysis of the causes of inflation in the US by multiple different economists (including a right leaning one) and financial institutions, all of them conclude that inflation was caused by multiple factors, not only government monetary policy, but supply strain constraints after the pandemic and the war in Ukraine. Some of the analysis even suggested that while Biden's stimulus package did contribute to inflation it may have prevented an even worse crisis. Some even partially attributed some of the inflation to Trump (though to a lesser degree than Biden.)

But here's the clincher. Virtually the entire world was effected by much higher than normal inflation at the same time America was, for many of the same reasons. Are you going to try to argue America was somehow immune to supply chain constraints and the knock on effects of Ukraine? 

And as for your chart, completely disingenuous post without context.

Here I can do the same thing.

 

See unemployment sky rocketed under Trumps term, therefore it must be his fault. Nothing else could possible be a factor right?

SH
sharkbokCaptain20,097 posts
26 Oct 2024, 22:33
#89
26 Oct 2024, 22:33#89
A few factors have impacted inflation - including Covid and energy sanctions which drove up the price of energy. It was going to happen one way or another. 


CL
clevermikeCoach57,555 posts
26 Oct 2024, 23:52
#90
26 Oct 2024, 23:52#90

The Covid panic andbusiness and other restrictions caused the sudden increase of unemplyment in 2020.    However - the other issue you raised was man-made by the Biden idiocy - but perhaps I am wrong, Biden only implemented policies wrote out by Gates.   

Tke for instance the decision tos top the Keystone pipeline - not nly 11 000 people lost their jobs and oil had to be taken to efineries by heavy duty vehicles    Not only is the heavy duty vehicles expenive to use -- but a huge increase in petrol and diesel prices were ineviable,    Another problem is that through taxation - eg in California petrol cost $6 per gallon - avrage in aaaaaaaaall States are $4 dollars per gallon.   The Biden Administration discouragement of oil product usage   has resulted in Oil Companies invesmnt ha a much longer impact.   So  the USA had ti impor oil at prices deermined by Opec,    

Another problem causing inflatrion is farming imput costs,   I' ll give you an example . The USA use to import  80% of  fertilizers from Russia and 20% from China,   When Biden banned imports from Russia and that included fertilizers a a reult of the Ukraine War ferilizers were unobtainable Biden on the quiet  removed fertilizers excluded  it from the ban from the  ban.   The Russian producrs raised their prices by 400%. .   Th farmers had to foot the Bill and and up or go out of production   

Normally Stae inerference lead to economic problems and endless Government regulations caused havoc too.   

  

CL
clevermikeCoach57,555 posts
27 Oct 2024, 01:14
#91
27 Oct 2024, 01:14#91

Mozart

With repect - but Governments all ver the world routinely lie about inflation stats,   A package of foos bouthhh increased from 2021   to date to cost $130,    Elecrtriciy prices increased by 6% per year,     

MO
MozartCaptain49,914 posts
27 Oct 2024, 01:23
#92
27 Oct 2024, 01:23#92
Excellent….unemployment hit after Covid prevented people from working. And it happened on Trump’s watch….but it was hardly caused by Trump unless he caused Covid. Whereas inflation occurred after Biden dramatically added to spending. 
And naughty boy, suggesting Ukraine caused the inflation, you haven’t done your homework assignment. Look at the numbers, inflation kicked up in March 2021 and reached 7% by the end of 2021, 75%  of the peak. The Ukraine war started in February 2022.
Do you see your problem?
BO
bobbok...Captain10,129 posts
27 Oct 2024, 03:20
#93
27 Oct 2024, 03:20#93

You still onna fence ?

ST
Stavanger1Pro4,532 posts
27 Oct 2024, 10:45
#94
27 Oct 2024, 10:45#94

Whereas inflation occurred after Biden dramatically added to spending. 

Did Biden dramatically increasing spending around the world too because inflation was going up around the world at the same time.

Here are the inflation figures by month for the EU

https://ycharts.com/indicators/eurozone_inflation_rate 

From December 2020 through December 2021 US inflation rose by 5.6%. In the same time period EU inflation rose by 5.3%

And naughty boy, suggesting Ukraine caused the inflation, you haven’t done your homework assignment

You want some more home work.

https://www.statista.com/statistics/256598/global-inflation-rate-compared-to-previous-year/

US average inflation rate in 2021 4.7%. Global average inflation rate 4.71%

US average inflation rate in 2022 8.0%. Global average inflation rate 8.73%

US average inflation rate in 2023 4.1%, Global average inflation rate 6.78%

As you can see in 2021 American inflation was in line with the global average and in 2022 and 2023 America actually had lower levels on inflation than the global average.

Look at the numbers, inflation kicked up in March 2021 and reached 7% by the end of 2021, 75%  of the peak. The Ukraine war started in February 2022.

Ukraine was not the initial cause of high levels of inflation, but what it did do was contribute to and extend the length of the problem. Inflation would have come down sooner without Ukraine.

Come on Moz stop being so politically partisan. I find it odd that you're happy to use analysis from one economist that supports your viewpoint but then you ignore the numbers and analysis from multiple other economists that all say inflation was caused by multiple factors, as well as ignore the fact that inflation was a world wide issue throughout 2021, 2022 and part of 2023.






DB
DbDraadCaptain26,388 posts
27 Oct 2024, 13:06
#95
27 Oct 2024, 13:06#95

Spin to explain away the facts only works on the haters who desperately want to believe the nonsical narrative of the last decade...luckily more people are waking up to the BS...the j ig is up.

ST
Stavanger1Pro4,532 posts
27 Oct 2024, 13:49
#96
27 Oct 2024, 13:49#96

Spin to explain away the facts only works on the haters who desperately want to believe the nonsical narrative of the last decade...luckily more people are waking up to the BS...the jig is up.

LOL This is after you said to me 

LOL...go look in the mirror...at some point you will realise that facts matter...not only the facts you like.

You're presented with facts, and because you don't like them, you just dismiss them as spin. Its pure cult like behaviour.



CL
clevermikeCoach57,555 posts
27 Oct 2024, 13:50
#97
27 Oct 2024, 13:50#97

Stav

if yu believe ffigures provided by Govrnments as to inflation  you must be deluded.   The Governments world wide pblish inflation wit no relation to realiy - as real figures would cause collapse f Governments in especially democratic countries.

So they provide phony stats they provide  to he public are to protect their own political interests,   Just bear in mind that the elections all over Europe this year and see what impavct real inflation has had on otcomes of election - not the Government states the figures are - but the real inlation figures really are.   If you want to know what the real inflation figures sre the  issue is to compile a list of essential consumr good people need to  survive.   So lets start and price what the cost of those items were in  January 2021 and the cost of the same item in 2024 are,   It was found what the items in 2021 costed and what it is this year.  The findings are  that what cost households $100 now cost $130. 

It is a conomic basic act that there are wo major causes of inflation are - namely -

*     supply and demand deermie prices; and

*     aimless and  fruitless expediture by Governments,

So lets look at supply and demand  and use the impact of the Ukraine on EU countries were:-, 

*     Most of thegas used in EU countries came fom Russia and  the blowing p of te Noord Stream pipeline blown up the USA  caused gas shortages in EU countries.   The most gas reaching EU countries came through a pipeline running through Ukraine.  Ukraine took their gas from that pipeline and Germany msust pay the full cost of the gas fed into the pipeline ehilr Ukraine use part of it.   In any event the cos of gas in EU countries increased by 400%  from what is war before he Russin invasion.   In fact Germany as a result is suffering from a recession in the economy and it effect prices o all goods and services as well.

*       The USA used to import all its feerrtilizers (80% from Russia  and 20% from China) used the EU countries have a similar problem  for increased food poduction on farms)   Biden lifted the bans on import f fertilizer from the nanning list and s did the EU counries,  But the bloody Russians then increase ferilizer exports by 400% as well and that was passed on to the farmers whose inut costs impsct drastically on fagricultural imput costs  and combined with the  the increase petrol and diesel costs  reduced what farmers can produce on farms causing supply problems since inmput costs forced farmers to prduce less food te they did in the past,   For instance that caused  lower food production in both the USA an EU countries, causing world wide costs of food - before the last election in Italy that incrase amounted to 11%. smd th Goverment in Italy fell due to that/

*         Then we have the crazy Global Warming war against food production which limit the area farmers may use for food production and  a reduction in the umbr f cattle each EU country may have in their countries becase their farin caused global wrming - al f it unproven BS that sent tens of thusands of farmers on protest actions last year.    The same BS happens in the USA as well.

So food inflation is fed by the shortages caused by the above and Goverment control of food production thrugh idiotic expenditure,

The other issue that cause inflation is idiotic and fruitless Government expenditure.   One of the major principles in budget control is the fact that current expenditure must be funded  from curret income and that only caital invstment by Government should be funded from loans.   Germany has another retriction namely that te increase in Government expndite must not exceed 3% of he GDP -  but in he USA the situation is crazy.    In the USA Federal Government loans amount to  S37,1 trillion while the GDP of the SA is $26,6 trillion.    But that does not stop the DP to carry on spending trillions on fruitless political BS and over-supply of money by he Government and shortages in essetial goods snd that is what is driving inflation in all countries  and epecially in the USA .   

 .                     . .   


    

                            

MO
MozartCaptain49,914 posts
27 Oct 2024, 14:29
#98
27 Oct 2024, 14:29#98

Oh good Ukraine was not the initial cause…you admit. It was one of several factors that could have raised inflation from 7.0% to 9.2%. But of course it hit 7.9% at the end of February 2022 when the effects of Ukraine were scarcely felt and inflation was marching upwards.

So perhaps it was complicit in some small part of the last 1.3%.

To your other point of similar inflation around the world, here’s a chart of interest:


competitors.

Figure 7. Core CPI inflation across the G10

What we see here is that inflation tracks very similarly for all these countries. They tend to move in lock step all the way through mid 2021 and then the US rises ahead of all the other countries, in some cases by 6 months.

Did the ‘global inflationary factors’ you are banking on hit the US ahead of Europe. Or did the US start aggressive stimulating, which then prompted others to respond and also effect dollar priced commodities around the world?

So that raises the issue of the transfer mechanism. And gosh we find the dollar was 0.82 Euros in June of 2021 and 1.00 Euros at the end of 2022. The dollar increased in value by 20% over that period. Do we think that might have contributed to costs going up in other currencies.

So while there were many causes for the inflationary bubble..,.the Ukraine wasn’t a significant cause. And yes we can see a spike in US inflation exactly when the new massive stimulus happened. And yes there was a similar lagged move in inflation in other countries, mostly because of responses to the US stimulus….be they by policy or through international trade.

ST
Stavanger1Pro4,532 posts
27 Oct 2024, 16:50
#99
27 Oct 2024, 16:50#99

Oh good Ukraine was not the initial cause…you admit. It was one of several factors that could have raised inflation from 7.0% to 9.2%. But of course it hit 7.9% at the end of February 2022 when the effects of Ukraine were scarcely felt and inflation was marching upwards.

Scarcely felt? is. Energy prices started to rise in early 2022 before Russia actually invaded Ukraine as  the world could see Russia massing on the boarders of Ukraine and it became increasingly more obvious they where going to invade. Inflation rose in America and Europe at similar rates from December 21 through to March 22. (1.5% and 1.4%).

So perhaps it was complicit in some small part of the last 1.3%.

Simplistic argument. Its not like individual factors causing inflation only cause an initial set amount of inflation at a single point in time and that it can't persist for months or even years.  Or are you suggesting one source of inflation can't possible become more dominate over another over a period of time and that all causes of inflation easy or increase at the same rate at the same time right?

Because that's what your suggesting.

Gotta love that graph and the subtle switch over to using core inflation. Gotta got rid of any inflation cause by pesky volatile energy price rises right. 

Which according to that graph would be around 2.5-3.0% lower at points than then the headline inflation figures you posted earlier. Most of that difference would be due to energy price rises which in turn also would have raised food prices. Undermining your own argument there.

Also LOL at UK inflation. I wonder what drove UK inflation to higher levels than anywhere else. I mean the UK was affected by supply chain constraints and Ukraine as was everywhere, what was specifically unique to the UK. Oh yeah, they where and are still dealing with the consequence Brexit, that's something you supported right?

What we see here is that inflation tracks very similarly for all these countries. They tend to move in lock step all the way through mid 2021 and then the US rises ahead of all the other countries, in some cases by 6 months.

In lock step?, according to that graph inflation went up in the US, Canada and the UK at the same time and about 2 months later in the EU. Yes US inflation rose at a faster rate for the first part of 2021 but from mid 2021 onwards the rate of inflation increase was similar in all countries.

Japan is a completely outlier in the set of up its economy compared to the rest of the world. And all it and its struggles with deflation (which is a common occurrence in Japan for decades) here is doing serving the obscure the inflation rate of the G10 median.

Did the ‘global inflationary factors’ you are banking on hit the US ahead of Europe. Or did the US start aggressive stimulating, which then prompted others to respond and also effect dollar priced commodities around the world?

So I'm glad your finally admitting there was global inflationary factors? Care to tell me why America was immune from them?. American's are so amazing they can just will their way out of supply chain constraints?

So that raises the issue of the transfer mechanism. And gosh we find the dollar was 0.82 Euros in June of 2021 and 1.00 Euros at the end of 2022. The dollar increased in value by 20% over that period. Do we think that might have contributed to costs going up in other currencies.

It may well have. That doesn't rule out other drivers of inflation.

So while there were many causes for the inflationary bubble..,.the Ukraine wasn’t a significant cause. And yes we can see a spike in US inflation exactly when the new massive stimulus happened. And yes there was a similar lagged move in inflation in other countries, mostly because of responses to the US stimulus….be they by policy or through international trade.

Again with this American centric view of the world where everything revolves around the US. Yes the US economy is the single most important economy on the planet and what happens there has an effect on the global economy but its not far from the only thing that affects the world economy. 




MO
MozartCaptain49,914 posts
27 Oct 2024, 23:45
#100
27 Oct 2024, 23:45#100

‘Energy prices started to rise in early 2022 before Russia actually invaded Ukraine as  the world could see Russia massing on the boarders of Ukraine and it became increasingly more obvious they where going to invade.’

…….

Er no….energy prices bottomed in April 20 2020 and peaked March 8 2022. Energy prices played a role, but it was the big rise from $12 in 2020 to $95 on February 14 2022 that had  the biggest effect. 

Not the rise from $95 to a brief peak of $123 which lasted for 5 months. To believe your thesis a 2 year rise of $82 had no effect, and a 5 month rise of $28 suddenly caused hyper inflation.

Clearly nonsense

MO
MozartCaptain49,914 posts
28 Oct 2024, 00:11
#101
28 Oct 2024, 00:11#101

‘Simplistic argument. It’s not like individual factors causing inflation only cause an initial set amount of inflation at a single point in time and that it can't persist for months or even years.’

…..

Er no… we are looking at the inflation after the Ukraine invasion. For the US that was 7.9% to a max of 9.1%. After which inflation fell back. The Ukraine was a negligible factor in US inflation.

MO
MozartCaptain49,914 posts
28 Oct 2024, 00:21
#102
28 Oct 2024, 00:21#102

‘In lock step?, according to that graph inflation went up in the US, Canada and the UK at the same time and about 2 months later in the EU. Yes US inflation rose at a faster rate for the first part of 2021 but from mid 2021 onwards the rate of inflation increase was similar in all countries.’

….

Okay, here’s a simple  way of looking at the chart. Measure the dispersion in the inflation ‘sausage’ . It’s within a percent from 2018 to March 2021 At which point it blows out to 3%….at exactly the time the Biden stimulus takes effect.

Here’s another way of seeing it…..at the beginning of 2021 the US, the G10 and the Eurozone were at the same rate of inflation. By July of that year the US was 4 times the G10 and the eurozone.

Can you see?

MO
MozartCaptain49,914 posts
28 Oct 2024, 00:28
#103
28 Oct 2024, 00:28#103

‘ Care to tell me why America was immune from them?. American's are so amazing they can just will their way out of supply chain constraints?’

Well imports are equal 47% of the Eurozone GDP. They are 16% of US GDP. You didn’t know that?

MO
MozartCaptain49,914 posts
28 Oct 2024, 00:32
#104
28 Oct 2024, 00:32#104

‘ Yes the US economy is the single most important economy on the planet and what happens there has an effect on the global economy but it’s not far from the only thing that affects the world economy. ’

Of course it’s not the only thing that affects the world economy. But when the currency most used in international trade and commodity prices increases by 20% it causes a series of automatic price increases for other countries.

MO
MozartCaptain49,914 posts
28 Oct 2024, 00:39
#105
28 Oct 2024, 00:39#105

So a series of spurious arguments Anger. The effect of the Biden $1.6 trillion spent when the economy was already dealing with inflation and exactly at the time the Fed began reducing it’s bond holdings to tighten credit, was to pour fuel on smoldering inflation. 

ST
Stavanger1Pro4,532 posts
28 Oct 2024, 01:10
#106
28 Oct 2024, 01:10#106

Not the rise from $95 to a brief peak of $123 which lasted for 5 months. To believe your thesis a 2 year rise of $82 had no effect, and a 5 month rise of $28 suddenly caused hyper inflation.

Nice strawman thesis.

Er no… we are looking at the inflation after the Ukraine invasion. For the US that was 7.9% to a max of 9.1%. After which inflation fell back. The Ukraine was a negligible factor in US inflation.

Negligible, no offense but I'll take the view of the chief economist at Moody's Analytics over yours

https://x.com/Markzandi/status/1536075313741971456


MO
MozartCaptain49,914 posts
28 Oct 2024, 02:29
#107
28 Oct 2024, 02:29#107
Strawman? I’d be more concerned about the man that claimed energy prices started rising at the beginning of 2022 when 80% of the rise in oil prices had already occurred.
MO
MozartCaptain49,914 posts
28 Oct 2024, 02:29
#108
28 Oct 2024, 02:29#108

Moody’s  Analytics…gosh…scary. Yes I know cut and paste is your thing. But let’s look at the official data,  Feb 2022 inflation is 7.9% ….May 2022 inflation is 8.6%. and your Moody’s genius has it at 8.5%. Close enough

And he claims the Ukraine which wasn’t invaded till February  ….was 3.6% of the May inflation. That means all other factors dropped dramatically to 5.0% over the three months, a level not seen since May of 2021….a whole year before. Possible….yes. Likely …no way.

Read this about your expert:

https://ritholtz.com/2010/09/zandi/

This is an extensively studied area. The NY Fed built a model to look at the effects of fiscal stimulus in a setting of supply constraints. They conclude that 2/3 of the inflation is demand driven and half of the demand effect comes from fiscal stimulus.Not exactly supportive of the whole supply problem thesis. 

CL
clevermikeCoach57,555 posts
28 Oct 2024, 13:15
#109
28 Oct 2024, 13:15#109

President

The book Genesis was riten about hundred years after Abraham lived and ste that Abraam came from Sumeria (at present part of Iraq and Iran) - who moved to Caanan and from heir ew ent abck to Sumeria to get a wife - he did not marry a cananaanite at all.   The eladrship of the Hebrews was always related to  the descendents of Abraham - whose two sons were Ismael and Israel,   Israels son Josep was sold to the Eyeptians as a slave - and alter became a favourite of the Pharoah and while he was effecr=tively the Prime Minster of Egypt the Israeli's moved to Egypt as a result of a seven year dought in Canaan,   Moses let them back to their promised and Canaan and most of what is today the West bank was conqered by  ultinmetely David, 

That was the case until the Romans dispersed them to other parts of the Roman Empire in 72 AD.   and many ended up in  Easern Europe and Russia,    In  the Russian empire  the Jews  at times oppressed ad man fled from Russia to the USA - but in places like Odessa they remained protected and even today 96% of the residnts f Odessa spoke Russian with a mixture of Hebrew becoming part of their language.    

Alarge Jewish community lived in Poland and Lithuania  - which was part of teh Polish Lithuanian kingdom for centuries - but in the 1930's many Lithuanian Jews migrated to the USA and Uk frm where may families moved to SA  - where they bcame leaders o e Communist Party,   When that Party was banned in SA in the 1950's many Jewish Communists left SA and went back to the UK - for instance Shaca's father was borne in SA and moved to England where he lived until 1994.   Shaca was borne in SA and is of mixed Lithuanan Jeweish and Zulu descend, 

Due to the fact that Shaka's father became a UK citizen the English tried to get Shaca to play rugby in England he refused to do it and  became a protegee of Erasmus at an eraly age from the time he played in the Under 20WC in 2022  and still is. .

            .       

ST
Stavanger1Pro4,532 posts
28 Oct 2024, 20:25
#110
28 Oct 2024, 20:25#110

Strawman? I’d be more concerned about the man that claimed energy prices started rising at the beginning of 2022 when 80% of the rise in oil prices had already occurred.

I misspoke, what I should of said, the increasingly likely prospect of war in Ukraine contributed to the rise of energy prices in early 2022, not that energy they only started in early 2022.

But go on you keep trying to downplay the effects of the war of Ukraine on inflation in the US in 2022.

https://kpmg.com/us/en/articles/2022/russia-ukraine-war-impact-supply-chains-inflation.html

https://www.federalreserve.gov/econres/notes/feds-notes/the-effect-of-the-war-in-ukraine-on-global-activity-and-inflation-20220527.html

https://www.reuters.com/markets/europe/us-inflation-set-heat-up-further-impact-ukraine-war-intensifies-2022-03-07/

Moody’s  Analytics…gosh…scary

Would you prefer the Bookings Institute?

https://www.brookings.edu/wp-content/uploads/2023/06/WP86-Bernanke-Blanchard_6.13.pdf

Read this about your expert:

https://ritholtz.com/2010/09/zandi

LOL I love it. This Barry Ritholtz guy who wrote that article attacking Mark Zandi's track record, are you familiar with his work or did you just stumble across that article while you were googling around looking for something to undermine Mark Zandi's credibility? 

You didn't perhaps happen to check what Ritholtz concluded was driving inflation in June 2021 by any chance did you? 

To quote  .

My position: we are experiencing a sharp rise in inflation, compounded by spot shortages of commodities, issues in supply chain logistics, labor shortages. Add in all of the pent-up demand caused by the newly vaccinated as we re-open and you get a spasm and reset. 

Reminds of that time you cherry picked a section from a published paper by a climate scientist that you claimed undermined a part of the argument for anthropogenic climate change, yet the climate scientist who's work you cited was a proponent of anthropogenic climate change.

This is an extensively studied area. The NY Fed built a model to look at the effects of fiscal stimulus in a setting of supply constraints. They conclude that 2/3 of the inflation is demand driven and half of the demand effect comes from fiscal stimulus.

Wait a minute...so now you're citing a model that attributes one third of the inflation to fiscal stimulus? I'm sorry I was under the impression that you and critics of Biden where arguing the majority of inflation was caused by Biden's stimulus package?


MO
MozartCaptain49,914 posts
28 Oct 2024, 22:46
#111
28 Oct 2024, 22:46#111

The Federal Reserve of New York model would have been critiqued by many of the Federal Reserve Economists who specialize in monetary economics. Moody’s is a credit rating agency.

Now having been somewhat involved in the NY financial scene I can tell you Moody’s is a fine organization, but it’s not where the best and brightest go. They go to investment banks like Goldman and Morgan Stanley or to the top Private Equity firms like Citadel.

And the best pure research is done in the Universities, although Federal Reserve research is highly respected. A Moody’s opinion outside credit carries medium weight.

Now back to what the Fed model said….they looked at the supply side (supply dislocations) effect on inflation and concluded that 2/3 of inflation was pure demand growth….half of which was attributable to stimulus.

What that suggests is that stimulus in total would have been culpable for 3% of the 9% inflation. It doesn’t negate some supply side effect and natural demand growth….but it’s a lot of froth on the top.

The criticism directed at Biden is his stimulus package was political in nature and came exactly when inflation was showing signs of becoming a real problem…April 2021. 

You seem to be having a problem accepting that.

ST
Stavanger1Pro4,532 posts
29 Oct 2024, 00:38
#112
29 Oct 2024, 00:38#112

Now having been somewhat involved in the NY financial scene I can tell you Moody’s is a fine organization, but it’s not where the best and brightest go. They go to investment banks like Goldman and Morgan Stanley or to the top Private Equity firms like Citadel.

The best and brightest eh? Having you by chance looked up what Goldman Sachs, Morgan Stanley and the C.E.O of Citadel have said about the inflation crisis and recent causes of inflation?

What that suggests is that stimulus in total would have been culpable for 3% of the 9% inflation. It doesn’t negate some supply side effect and natural demand growth….but it’s a lot of froth on the top.

LOL you know you could of saved both of us a lot of time if you had started by saying that because that's figure isn't far off from what most economists where saying. I read of a report that the San Francisco Fed attributed 3 points of inflation to Biden's stimulus pack although they themselves admitted that was at the upper range of findings compared to other recent research. Several other economists I have come across had it a bit lower.

The criticism directed at Biden is his stimulus package was political in nature and came exactly when inflation was showing signs of becoming a real problem…April 2021. 

You seem to be having a problem accepting that.

That's not the problem I have. The issue I have is what Republicans and pro Trump supporters attribute most if not nearly all inflation to Biden and ignore other factors for the political reason of making Biden's handling of the economy look as bad as possible. I never said Biden stimulus plan contributed nothing towards inflation.

As for inflation becoming a real known problem by the time of the stimulus package, your own inflation figures above indicate nothing out of the ordinary. Overall inflation was still good going into March 2021, with the inflation rate flat from December to January before increasing 0.3% in February a rate of increase that's happened multiple times in the past and isn't out of the ordinary. 

MO
MozartCaptain49,914 posts
29 Oct 2024, 03:34
#113
29 Oct 2024, 03:34#113

This?

Citadel CEO Ken Griffin bashes Bidenomics as debt-reliant, inflationary policies: ‘The American public knows things aren’t working in this economy for them’
CL
clevermikeCoach57,555 posts
29 Oct 2024, 04:12
#114
29 Oct 2024, 04:12#114

Stav

I differ from you on the isue of inflation.  Sure there are factors that influence iflation such as the Biden's effots to stimulate growth - but the poblem is the  growth added to other pressures - mst of which stemmed from BS impementation of  the policies of the Glonal Warming  campaign against usgae of coal, oil and gas,   These policies should mostly be replacced by nuclear power energy - not ey decreasing productive agricultral land stemming rom massiv expansing f wind, ans don eleciriciy.    If nstead in he sort term nuclear power supply be increased massively to replace coal oil and as in supply of electricity the by-effects of ceaner air would have benefitted - while suficient power would have been available..  .    

Let me give you some examples. To replace present power supply by son and wnd electricity wld require that 30% of  productive agricultural land  would go out of poductiion.   To stay with agricutural food production the aricultural industry has gone haywire under Biden.   Regulations governing agruure has turned farming into a nightmare for farmers.  so lets look why it happens:-

*   Modern farming financing is linked to bank loans to cover input costs and farmers have to make a caeful evaluation of input costs they have to incur to.  So what influences iput costs should always be orne i mind by hem If the iput costs go up - the chnaces are that the armers would need to restcit how much they can afford o borrow from banks and increased  bank loan costs like interest on loans they have to take into account that factor as well.    Thei negative impact of increased loan costs pla a rolein how much they can produce on their farms,

*      In modern agriculture farming  mechanical equipment is an essential and Nost of the equipment iuse diesel.   So when diesel gets more expensive imput costs increases.   Some of fhe diesel and petrol costs added badly to input costs and the increased of electricity charges made matters even worse;

*    The USA used o provide their wn fertilizers - but that changed and now 80% of th fertilizers used in the USA is imported from Russia amd 20% from China.   When Russia invaded Ukraine Bidn banned te import of ferilizers from Russia.   The ban in iself ceaed a crisis - without fertilizers farm outputs is restricted, and much lower.   So Biden on he wuiet lifted the ban on ferilizer inport from Russia,    The Putin Governmnt in return refused to grant export licences unless the charge were increased bt 400%  and it presened no problem for the Biden regime - tey merely pased he increased prices to the farmers,    That addsamssively to imput costs of farmers,   

*      Like in Europe the farmers in erms of Biden regulations were told to not arm on 25% of their land nd allow ot to become an area  to revert to naural growth of imdigenous vegetation.

*      The impact of cattle farming and dairy farming is also regulated  because faring of cows caused global warming.  So meat and dairy production must be restricted.     Result diry product prices are shooting up and that infleunce inflation in those products,     .       

The end result is an increase in food prices that is inevitnly lead to higher food cprices charged in shops.

Sloppy management by inductrial inspectors and Transprting of firstly fuels famers needs and electiciy costs add to imput costs increases,    Slppy work by the bureaicracy for instacnce of chicjen feed caused a situation that eed was distribued that resulted  in hens not laying eggs and a massively and eggs were more profitable then Hub=nrter Biden's beloved cocaine.   The result  was a amssive  increase in egg prices with an egg costing 5o US cents each - that is $6 for a dozen eggs,   The sm happened to baby milk where all hree fctries in the USA went out of production because industry inspectors caused delay in repairing of mahinery in those factoriesm.    So the result was empty shop shelves and the Biden administration had to import baby milk from Australia,.

All-in-all you can argue about percentages anwhy it happened - but the real fact is that when people went to shops t bu heir monthly needs  amd ound that what they pay in Janury 2021 $100  now cost hem $130 dollarsthey decided that in an opinion  Biden's evomic      

From to time empty shop shelves in shop became highly problematic for shopowners as well/   The cannot order food from wholesalers if the buyers cannot afford to pay for he same items it is not surprizing when 72% of he voters say Biden's econmic policy for them is a disaster.        

BO
bobbok...Captain10,129 posts
29 Oct 2024, 05:57
#115
29 Oct 2024, 05:57#115

Shame

PL
PlumCaptain21,007 posts
29 Oct 2024, 07:25
#116
29 Oct 2024, 07:25#116

Finally, have some time...let's see if we can deal with one of Stav's claims at a time.

"I'll cut you some slack is that its only recent research that indicates the Palestinian Arabs are descendants of the Canaanites. I assume what happened is the Arab descendants of the Canaanites simply migrated to another region in that part of the world that was Arab/Muslim got assimilated by them and then moved into Palestine during the 7th century."

I take it that you don't actually know what genetic markers are, and what they do and don't prove?

Sure, genetic research does show that some people in the Levant, including Palestinians, carry markers that link them to ancient populations like the Canaanites. But genetic markers don’t mean direct descent—just that there’s been some shared ancestry. In a region where people have lived and moved around for thousands of years, almost everyone has traces of those ancient populations.

When Arab Muslims arrived in the 7th century, they didn’t just trickle in—they came in big numbers and mixed with the locals, including people who might’ve had Canaanite ancestry. Over time, this mix created a primarily Arab population, culturally and genetically. So while modern Palestinians probably have a bit of Canaanite ancestry, it’s just one part of a much larger Arab lineage. The Canaanite connection is real but a small part of a bigger story where Arab identity took the lead through generations of blending.

So, you made the claim - And now I'd like the evidence for the claim.

You stated it as fact. So, regale us with the irrefutable evidence that backs up your claim. 

I mean, since we're apparently involved in a history lesson here...we may as well get all our ducks in a row, right?

CL
clevermikeCoach57,555 posts
29 Oct 2024, 11:11
#117
29 Oct 2024, 11:11#117

Mozart

Griffen is obviously 100%  correct  -  the whole system is cock-eyed.    If you want to see elecrive vehicles you must in he frst instance invest in improvement and up rading of electrciy supply ta wil also be a way to prepare properly fr the introducion of an electricity ssupply system and tht means not spending ndless money n systems that will no spply enough power for  system geared towards that.

So first   all fix the elctricity system - which in itself  - will encourage people to improve industrial and commercial ctivities in the USA.   In oher words do not export electric vehicle and amchine driven vehciles be done by the Chinese in Mexico, so built nclear poer plants to provide clean electricity - reduce  air pollution  and  not sent money on replaceing existing leectricity supply systems - but create not only replacing the existing system - but reae additional supply systm - but create increased eelectricity supply systems.

The Germans increased green eectricity systems for many years and power costs are inmcreasig supply - wich is not appeing and the counry is now is now in a depression..    If one ook at the ever-increasing costs for households stemming from increasing electricity costs,  In Germany support for te Greens as a political party is down to just about 8%   if recent state election results are borne in mind and the Scialist is down to about 10% - turning he utra-left ideas into destruction of the industril system.     What wil it produce - NOTHING  bar pushing upelectriciy costs feding further inflation.

So suspend the implementaion of a system by turning power supply into nucear-based power supply system,   The next step is forcing industrial development enhancement in the USA and create a system that enhance job creation in the USA. - not in Mexico, China India, Bangla Desh by supplying adequate and sufficien power in the USA itself,

The next step is to get back the system of supply and free Agriculture from the regulaiosns that strangle it at present by investing in building of more dams to enhance  agricultural production on farms.    Jst a question when last was here a major dam built in he USA to srivate waer to farms and at the same time provide cheap waer basd power supply in he USA?   And stop the BS to decrease cattle because they caaaue global warming  a a resul of their farting.    It force up food costs.

Global Warming is a present a theroretical problem and should no inhibit industrial development.   The st air pollers in teh world are not the USA - but contries like Chin and India and they have not turned into  system that destroy industrial and agricultural production - so put that on a  longer based  objective strategy.   

Bring back t te USA for instance production of fertlizers t he USA - bring back bio-technoogy in medical supply and don't  let Wallmart be importing cheapp good from China and India bsaed on dependence on countries based n cheap labor practices in other countries and stop the majr fundrs of the DP into determine Government Policies ike they are doing at present.

In other words use ideaaists like Musk to invest in the USA and not try and run and ruin the USA by bureaucratic rule  - in other words start thingking of America first and set an exaample for the rest of the world to follow,   Not use the ultra-leftists idealogy  to ruin established systems and believes,    Once that is achieved one can look at issues like enviromental pollution and clean air issues.

The USA is losing influence in the world by weakening the US Army and  Navy and estbalish a system where he USA  have become a force to ensure world peace and enforce countries to turn into real democracy and no fake rule by dictators.   S the USA should have the srengths to force countries who misbehave to fall into line.    At this stage China has more inflence in Asia, Africa and Souh Ameria than the USA has and ensure existing countries  like Iran to stop misbehaving.   In oher words follow the example set by Reagen and not the examples of Carter, Clinton, Obama and Biden.    Get te West and their partners to feel secure and not be udermined by leftists idealists threatening their own existence,.

I have been following the European politics as well.   The Europeans are turning away from neo comunicst idealism to increasin national interests,   France is  in a situation where Government si frozen - since the Macron Presidenc depends on the leftists and utra-leftists to     Govern the country -  the German coalition Government  that is jeopardising Gemany nto stagation ad inflation will not get 20% .of the vote next year in th Reichstag election because ey are following the cluelss ideas and poor leadership tha cause he fall of the UK Conservative Party and the same will happen to the present Labor Government in 4 years time.

In essense the parties that promotes Governance by the State against te interess of the people are beginning to change. rapidly.

By the way I was involved in driving privatization of water and sewerage services in SA  and the Development Bank was supporting the development of a privatized water and sewarage system in that field in SA.   The Development Bank drove the idea on a national basis and sent engieers to te USA to see what was happening in that field in the USA - the Local Municipal Engineer from our Municipaity went with the deputation.   When returning to SA they told me that the infrastructure for water purification and for treatment of sewerage was dating from the 1950's with no real rplacing of the systems and purely did basic maintancance to keep it going and no real modernization was done since the 1950.s.   I think at the time there was a candal in Fint wher peole got poisned throgh te watr supply system and I believe  what I was told by the Engieering deputation I refer to.

Needless to say the first intrducion of a system  of privatized water and sewerage provision i SA ed to a 30 ear contract providing for investment in upgrading  of the system in use and it was and still is a roaring example of what could e done in that feld - with he rivatized service providing a system that was the best system in Africa.    Needless to say Zuma stopped further introduction of such systemms in SA because it reduce the field for bribery and corruption drastically..    If you look on the internet on the Flint Water and Sewerage crisis - you will find a report n Flint South Africa as well.   

My idea is sill the same - pricvatize the systems and imrprove it that way and  you will finmd not  only better service provision an  economic rate - but higher paid and  more jobs in tte relevant field.   The private compay that got the job in the Municipality where I worked were SAUR - a French inernational consortium - who sold it to a Malaysian conssrtium because of the Zuma refusal to expand the systems in SA.   Wish the USA and obviously in SA  would inroduce and expand that program  and use the money thus becoming avaiabe for Hosusing and service upgrading in USA cities and towns.    I am sure or if not Musk is or becomes  aware of that situation and hope he will help in getting it going in the USA.   I essense atr and sewerage serices are always loss making operations and that ihas a negatie impact on other aspects of service delivery in other municipal service delivery.   

.    .   .      .               .          .                     .              

            .        .                        .           

MO
MozartCaptain49,914 posts
29 Oct 2024, 14:42
#118
29 Oct 2024, 14:42#118

‘ .   I essense atr and sewerage serices are always loss making operations and that ihas a negatie impact on other aspects of service delivery in other municipal service delivery.’

Geez Mike even by your lofty standards that’s a classic. Personally I avoid the essence of the sewage services.   


MO
MozartCaptain49,914 posts
29 Oct 2024, 14:47
#119
29 Oct 2024, 14:47#119

Plum, credit where credit is due, Anger is a world class internet searcher. He has no clue about what he is cutting and pasting….but give him a few prompts and he could find what the ‘experts’ are saying on any subject being discussed. A sort of human Google. Stunningly he missed what Griffin is saying about inflation, but no doubt he could sniff out 6742 other Griffin comments on inflation….that’s the measure of this man.

ST
Stavanger1Pro4,532 posts
29 Oct 2024, 16:58
#120
29 Oct 2024, 16:58#120

Plum, credit where credit is due, Anger is a world class internet searcher. He has no clue about what he is cutting and pasting….but give him a few prompts and he could find what the ‘experts’ are saying on any subject being discussed. 

Poor Moz, in addition to being a pompous know nothing know it all, he's even crap at searching the internet, repeatedly linking to experts that don't even support his arguments.

And love the experts in single quotes. When Moz links to experts whatever they have to be say can be taken at face value, but if someone links to an expert that contradicts Moz's argument well those so called 'experts' can be dismissed out of hand and for good measure we can even deride the idea of someone citing expert opinion when discussing a topic. 


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