Comments by "Forty Two" (@fortytwo244) on "Inflation rate hits 39 year high" video.

Funny how this expert analyst just forgot to mention the war in Ukraine which is the main reason why gas and food prices are skyrocketing
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@1stblackpm they've been rising for the last 15 years, but high gas prices and the rising cost of food is 90% related to the war, and those prices are exactly why there's inflation going up so suddenly in the past 2 months
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@1stblackpm Canada is sending oil to Europe to offset the loss from Russian gas, you really think that makes no difference?
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@1stblackpm Investors expect that central banks will introduce more aggressive interest rate hikes in order to control price rises, a move that could also prompt more market sell-offs, according to the IMF. "Forget the geopolitical ramifications for a moment. The waves of tectonic economic instability unleashed by the Ukraine conflict have shocked and caught the global commentariat of politicians, central bankers, economists and investment analysts off guard," Bill Blain, strategist at Shard Capital, said in emailed comments Thursday.
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Let’s keep sending money and guns to Ukraine and keep that war going, I’m sure that will be great for our economy
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@1stblackpm yes you're right, it's not even a debate, everyone knows that the war is having a global impact and it's by far one of the main reasons why inflation went up so high the last 2 months
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@1stblackpm and it is kind of Biden's fault, like any USA president he is owned by the military complex, oil companies and the lobbyist
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@1stblackpm does the 5 year graph show the giant spike in the last 2 months?
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@1stblackpm it's not just gas prices either, it's international flights and deliveries, it's banking, it's investment, it's crypto currency, we can go on and on about the impact of the war and how it's the main reason for why we're headed for a recession
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@1stblackpm 5 years? I thought it all started with biden
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@rigo-mma look at gas prices and food prices in any country and ask them why it's like that, it's directly because of the war
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Markets tense Global financial markets continue to focus on the war as it enters a second phase in which fierce fighting has begun in the east of the country, with analysts saying the "battle for Donbas" could be determine the outcome of the war. Investors are rattled by rampant inflation and its dampening effect on global growth — the international Monetary Fund predicts the U.S. inflation rate will reach 7.7% this year and 5.3% in the euro zone. Concerns over rising prices are prompting investors to sell bonds, pushing yields higher; the yield on the benchmark 10-year Treasury note touched 2.94% Tuesday, a level not seen since late 2018. all direct results of the war
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@1stblackpm The Ukraine war has raised long-term inflation expectations Pascal Seiler 12 March 2022 Until recently, central banks such as the ECB and the Swiss National Bank considered the current rise in inflation to be temporary, albeit more persistent than expected. This column uses survey data from Switzerland and a quasi-experimental research design to show that companies’ long-term inflation expectations have increased significantly following Russia’s invasion of Ukraine, especially in manufacturing. In this sector, higher energy and commodity prices prove particularly important in motivating price increases. These findings add to concerns about de-anchored inflation expectations and, as a result, more persistent inflationary pressures.
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@1stblackpm Globalization is now unraveling; Russia’s invasion of Ukraine may have delivered the fatal blow. Russia is feeling the effects most acutely. With its currency down by about half and imports crippled by sanctions, Russia’s inflation is headed to between 20% and 25%, said Sergey Aleksashenko, a former Russian central bank official. In 2020 Russia spent 4.3% of GDP on defense, one of the world’s highest ratios, according to the Stockholm International Peace Research Institute. But because of hidden and classified expenditure, “We really do not know how much Russia has been spending on its military,” Elina Ribakova, deputy chief economist at the Institute of International Finance, said in an email. “It could be double the amount we know publicly and could last a while (even allowing for corruption).” The West won’t be spared either. The war in Ukraine has aggravated a shortage of natural gas that has already sent inflation up sharply in the Europe Union. The bloc is now contemplating a sweeping and costly restructuring of its entire energy system to exclude Russian natural gas altogether. Higher military spending could also add to inflationary pressure. Germany plans to raise military spending to 2% of GDP from 2021’s 1.5%.
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@1stblackpm Gasoline costs drove half of the monthly increase, which were up on account of the Russia-Ukraine war, while food was also a sizable contributor to the jump. The consumer price index increased 8.5 per cent from a year earlier following a 7.9 per cent annual gain in February, the Labour Department data showed on Tuesday. The widely followed inflation gauge rose 1.2 per cent from a month earlier, the biggest gain since 2005.
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@1stblackpm Russia's invasion of its neighbor and the sanctions that followed have meant spiraling energy costs across the EU. Inflation in Germany is at its highest since reunification in 1990. Soaring energy costs sparked by the war in Ukraine have caused a surge in consumer prices within the eurozone, the EU's statistics agency said on Friday. Annual inflation in the eurozone reached 7.5% in March, up from 5.9% in February, Eurostat reported. It is the fifth straight month that inflation in the eurozone has set a record.
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@GetrightwithGod are you high? the media is not even mentioning it, that's my whole point
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@rigo-mma lay off the smack buddy, do you know how Google works?
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@rigo-mma how am I a Ukraine bot u dummy? I'm saying we shouldn't be sending money and weapons to Ukraine
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@badminou5650 you tell me, you're the expert in not knowing fuck all
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@Dstinct couldn’t they always do that? What’s different now?
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@hbahoo obviously the current administration is responsible too, the usa and Canada have been arming and training extreme Ukrainian forces for the past 14 years, nato is expanding in Russia’s backyard and a lot of happened under obama
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@saltymonkey8874 everything was going up for the last 5 years, but it doubled in the last 2-3 months
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