r/WallStreetbetsELITE • u/davidmt1995 • Mar 07 '25

Shitpost Missing uncle Joe here

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You know what strengthens the stock market? Stability and predictability.

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u/polchickenpotpie Mar 07 '25

Not from the "this is Biden's economy!" people.

Well no, sorry that's a mistake on my part. They're still blaming Biden.

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u/SoftYetCrunchyTaco 29d ago edited 29d ago

Seriously. It could be Trumps last year in office and they will still say "this is how bad Senile Joe and his demoncrat buddies fucked up the market. We need at least another 4 years to fix this mess!"

(Continues insider trading and pump/dump scams with US reserves)

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u/FormalFuel6245 28d ago

What happened to the “inherited economy” everyone likes to spew

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u/polchickenpotpie 28d ago

You mean the inherited economy that had low unemployment, stable markets and a stabilized inflation that was still lower than what the rest of the world had post Covid?

What a horrible economy that was!

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u/FormalFuel6245 28d ago

Are you kidding me? The inflation that increased more than all history together in 3 years?

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u/polchickenpotpie 28d ago edited 28d ago

a stabilized inflation that was still lower than what the rest of the world had post Covid?

I know reading is hard so I posted it again.

The entire world had high inflation post Covid because of the supply chain disruption. Neither Trump, Biden nor any world leader can change that. Except in the US, we experienced the lowest inflation percentage compared to every other G7 country. This is a fact, I'm sorry that it doesn't match what you were told to think.

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u/FormalFuel6245 28d ago

Stabilized 😂😂

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u/polchickenpotpie 28d ago edited 28d ago

Yes, inflation stabilizes and it doesn't go down. It's always either going up, or flattening at whatever a government wants it to be at (2% for us). If it goes down below that, it means we're back in 2008 and you lost your house.

You're never seeing those pre-Covid prices Trump promised you, just like we're never seeing pre-2008 prices. Sorry he lied to you, he can't fix or reverse inflation 🤷‍♂️

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u/FormalFuel6245 28d ago

So what percentage did inflation increase BEFORE it’s stabilized lol

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u/polchickenpotpie 28d ago

https://www.investopedia.com/inflation-rate-by-year-7253832#:~:text=While%20the%20United%20States%20has,end%2Dof%2Dyear%20data.

"While the United States has experienced a relatively low and stable inflation rate since the 1980s, inflation hit record highs in 2021 and 2022 in the wake of the pandemic. The year-over-year inflation rate was 7.0% at the end of 2021 and 6.5% at the end of 2022. At the end of 2023, it was 3.4%. At the end of 2024, it was 2.9%."

Once inflation stabilized, that meant that prices weren't going to continue soaring like they were during those 2 years. Inflation is supposed to be around 2-3% right now, at least that's where the Feds wanted it. It's not supposed to be 0 or less than that. Look at the chart to see when it went below 0, I'm sure you know what happened those years.

https://www.google.com/amp/s/www.statista.com/chart/amp/30398/inflation-rates-in-g7-countries/

This is a comparison between countries. Everyone got hit hard, we just didn't get it as bad comparatively as others.

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u/FormalFuel6245 28d ago

Okay and? Who was president?

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u/polchickenpotpie 28d ago

Do you still not understand that inflation went up because of the supply chain being fucked up post-Covid and no president anywhere could do anything about that? Do I need to use less words for your Trump addled brain to understand?

If it was Trump there was nothing he could have done and the jump wouldn't have been directly his fault.

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u/FormalFuel6245 28d ago

Those were decisions made by the Biden administration to print more money. Could have just as easily not printed the money and let it play out

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u/FormalFuel6245 28d ago

You’re very uneducated and consumed by the reddit echo chamber lol.

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u/FormalFuel6245 28d ago

Driving inflation to record highs by printing more money than existed in all history previously in 2 years. Saying that it “stabilized” for a period shorter than 2 years after record inflation and price increases is a huge stretch. I don’t even like Trump and what you’re saying is ridiculous