1ºThis is doing nothing to curb inflation. This current inflation is due to supply chain issues from Covid, greedy and opportunistic corporations jumping on the fear train with price gouging, and Putin’s onslaught on the Ukraine. All of these issues will correct without rate hikes, if it’s just waited out. Therefore, the reporting that the ridiculous rate hikes are starting to ease inflation are wrong. Inflation is starting to ease, because it was always going to ease.
Making families have to struggle with even larger credit card debts, and destroying the housing market do nothing to help anyone, unless you are a CEO of a bank or credit card company.
The Biden administration needs to step up it’s fight against price gouging—or actually start a fight against price gouging—and punish the corporations who are doing so. The Fed needs to start lowering rates, before the entire economy is in shambles.
2ºعزت التهامي التهامي, you said, in English: "The American and European economies are suffering, and we are adhering to the provision of important requirements, control the markets, and the direction towards China and Russia is the solution, and this step has already started from all Arabs.
Great opening and cooperation in all spheres and industries in Asia, China, Russia and India are the luckiest to exist in the Arab and Egyptian market
Increase in economic cooperation between Egyptian and Turkish partners to a significant percentage of previous years" THAT is all gibberish. You have no idea what you are talking about, I am certain you simply copied this from some radical source. Now go away.
3ºMark Friend typical entitled behavior. Request that others do your research for you and conclude that others can't answer when they don't do your research for you. LP won elections in November, several local positions (accomplishment). You can look them up if you want to actually know what you're talking about in the future. You can also look up their goals (on the same site, if typing isn't too much work for you). Then, when others refuse to take the time to educate you (because you wouldn't take it into account anyways), you throw insults and assume there was no answer to begin with. Like I said, typical entitled behavior.
4ºJenna Mahoney, the New England open market price for residential heating oil was $2.475 per gallon in January 2021, Trump’s last month in office.
In November 2022 the price was $5.515 per gallon. While that is a significant increase, it’s far from the 300% increase that your oil supplier is allegedly charging you.
Some simple math:
If your oil supplier bought heating oil on the open market in January 2021 and added 30% to cover their cost and to make a profit, they would have charged $3.22 per gallon.
According to you, they have raised their price by 300% since then, which means they currently charge $12.88 per gallon. That means they’re making more than $7 in profit per gallon, and their margin is 133%.
But let’s pretend that’s Biden’s fault and that your oil supplier isn’t making huge profits…
Residential oil price history: https://www.eia.gov/dnav/...DPG&f=M