Inflation
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@George-K he got nailed yesterday, too.
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New season soon!
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Goldman Sachs report says that the chance of recession is down to 15%.
Should President Biden get credit for this? 555
(I think you all know my answer)
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https://www.theatlantic.com/ideas/archive/2023/12/inflation-prices-buying-habits/676191/
If people are so mad about high prices, why do they keep buying so many expensive things?
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People hate inflation, just not enough to spend less: This is one of the central tensions of today’s economy, in which things are going great yet everyone is miserable. ...
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... And in surveys, people say that they are trading down because of cost pressures. But in fact they are spending more than they ever have, even after accounting for higher prices. ... -
Sorry, paywall, and I can’t afford their higher rates.
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https://www.theatlantic.com/ideas/archive/2023/12/inflation-prices-buying-habits/676191/
If people are so mad about high prices, why do they keep buying so many expensive things?
...
People hate inflation, just not enough to spend less: This is one of the central tensions of today’s economy, in which things are going great yet everyone is miserable. ...
.
... And in surveys, people say that they are trading down because of cost pressures. But in fact they are spending more than they ever have, even after accounting for higher prices. ...https://www.theatlantic.com/ideas/archive/2023/12/inflation-prices-buying-habits/676191/
... And in surveys, people say that they are trading down because of cost pressures. But in fact they are spending more than they ever have, even after accounting for higher prices. ...
Everything is going along swimmingly.
"Now look here, you Baltic gas passer... " - Mik, 6/14/08
The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.
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https://www.theatlantic.com/ideas/archive/2023/12/inflation-prices-buying-habits/676191/
... And in surveys, people say that they are trading down because of cost pressures. But in fact they are spending more than they ever have, even after accounting for higher prices. ...
Everything is going along swimmingly.
https://www.theatlantic.com/ideas/archive/2023/12/inflation-prices-buying-habits/676191/
... And in surveys, people say that they are trading down because of cost pressures. But in fact they are spending more than they ever have, even after accounting for higher prices. ...
Everything is going along swimmingly.
And rates have gone from 17% to 23%.
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Goldman Sachs report says that the chance of recession is down to 15%.
Should President Biden get credit for this? 555
(I think you all know my answer)
@taiwan_girl said in Inflation:
Goldman Sachs report says that the chance of recession is down to 15%.
Should President Biden get credit for this? 555
(I think you all know my answer)
Honestly we need a recession. Or something that'll bring prices backdown. It's hard to imagine meals at McDonalds will never go back down... I still pull up thinking there is a dollar menu. The McDouble that was $1 a few years ago is now like $3.79.
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@taiwan_girl said in Inflation:
Goldman Sachs report says that the chance of recession is down to 15%.
Should President Biden get credit for this? 555
(I think you all know my answer)
Honestly we need a recession. Or something that'll bring prices backdown. It's hard to imagine meals at McDonalds will never go back down... I still pull up thinking there is a dollar menu. The McDouble that was $1 a few years ago is now like $3.79.
Honestly we need a recession. Or something that'll bring prices backdow
Nothing brings prices down. The best you can hope for is a slower rise.
"Now look here, you Baltic gas passer... " - Mik, 6/14/08
The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.
-
@taiwan_girl said in Inflation:
Goldman Sachs report says that the chance of recession is down to 15%.
Should President Biden get credit for this? 555
(I think you all know my answer)
Honestly we need a recession. Or something that'll bring prices backdown. It's hard to imagine meals at McDonalds will never go back down... I still pull up thinking there is a dollar menu. The McDouble that was $1 a few years ago is now like $3.79.
@taiwan_girl said in Inflation:
Goldman Sachs report says that the chance of recession is down to 15%.
Should President Biden get credit for this? 555
(I think you all know my answer)
Honestly we need a recession. Or something that'll bring prices backdown. It's hard to imagine meals at McDonalds will never go back down... I still pull up thinking there is a dollar menu. The McDouble that was $1 a few years ago is now like $3.79.
Beef prices are fixing to jump.
Just thought I'd share that tidbit...
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Honestly we need a recession. Or something that'll bring prices backdow
Nothing brings prices down. The best you can hope for is a slower rise.
We don't actually want prices to come down. I'm not 100% sure why, but that's what clever people say. And by clever people, I mean of course economists.
Clever, but not quite clever enough to do a proper science degree.
