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The New Coffee Room

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  3. Inflation

Inflation

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  • George KG George K

    @Axtremus said in Inflation:

    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://abcnews.go.com/Business/credit-card-debt-reached-record-high-means-economy/story?id=104717977

    Screenshot 2023-12-02 at 6.26.24 AM.png

    LuFins DadL Offline
    LuFins DadL Offline
    LuFins Dad
    wrote on last edited by
    #36

    @George-K said in Inflation:

    @Axtremus said in Inflation:

    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://abcnews.go.com/Business/credit-card-debt-reached-record-high-means-economy/story?id=104717977

    Screenshot 2023-12-02 at 6.26.24 AM.png

    And rates have gone from 17% to 23%.

    The Brad

    1 Reply Last reply
    • JollyJ Offline
      JollyJ Offline
      Jolly
      wrote on last edited by
      #37

      A minor detail...

      “Cry havoc and let slip the DOGE of war!”

      Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

      1 Reply Last reply
      • LuFins DadL Offline
        LuFins DadL Offline
        LuFins Dad
        wrote on last edited by
        #38

        Store Credit Cards at 33%

        https://www.usatoday.com/story/money/2023/11/01/credit-card-interest-rates-climb-to-33-percent/71391622007/

        The Brad

        1 Reply Last reply
        • JollyJ Offline
          JollyJ Offline
          Jolly
          wrote on last edited by
          #39

          Sorry, if you don't have a graph and a couple of sets of data tables, Ax does not take just any evidence to heart.

          “Cry havoc and let slip the DOGE of war!”

          Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

          1 Reply Last reply
          • George KG Offline
            George KG Offline
            George K
            wrote on last edited by
            #40

            GAYS_-CWwAAXuTz.jpeg

            "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.

            1 Reply Last reply
            • taiwan_girlT taiwan_girl

              Goldman Sachs report says that the chance of recession is down to 15%.

              https://thehill.com/business/4187314-soft-landing-summer-goldman-sachs-cuts-recession-odds-to-15-percent/

              Should President Biden get credit for this? 555

              (I think you all know my answer)

              89th8 Offline
              89th8 Offline
              89th
              wrote on last edited by
              #41

              @taiwan_girl said in Inflation:

              Goldman Sachs report says that the chance of recession is down to 15%.

              https://thehill.com/business/4187314-soft-landing-summer-goldman-sachs-cuts-recession-odds-to-15-percent/

              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.

              George KG JollyJ 2 Replies Last reply
              • 89th8 89th

                @taiwan_girl said in Inflation:

                Goldman Sachs report says that the chance of recession is down to 15%.

                https://thehill.com/business/4187314-soft-landing-summer-goldman-sachs-cuts-recession-odds-to-15-percent/

                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.

                George KG Offline
                George KG Offline
                George K
                wrote on last edited by
                #42

                @89th said in Inflation:

                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.

                Doctor PhibesD 1 Reply Last reply
                • 89th8 89th

                  @taiwan_girl said in Inflation:

                  Goldman Sachs report says that the chance of recession is down to 15%.

                  https://thehill.com/business/4187314-soft-landing-summer-goldman-sachs-cuts-recession-odds-to-15-percent/

                  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.

                  JollyJ Offline
                  JollyJ Offline
                  Jolly
                  wrote on last edited by
                  #43

                  @89th said in Inflation:

                  @taiwan_girl said in Inflation:

                  Goldman Sachs report says that the chance of recession is down to 15%.

                  https://thehill.com/business/4187314-soft-landing-summer-goldman-sachs-cuts-recession-odds-to-15-percent/

                  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...

                  “Cry havoc and let slip the DOGE of war!”

                  Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                  1 Reply Last reply
                  • George KG George K

                    @89th said in Inflation:

                    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.

                    Doctor PhibesD Offline
                    Doctor PhibesD Offline
                    Doctor Phibes
                    wrote on last edited by
                    #44

                    @George-K said in Inflation:

                    @89th said in Inflation:

                    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.

                    I was only joking

                    1 Reply Last reply
                    • taiwan_girlT Online
                      taiwan_girlT Online
                      taiwan_girl
                      wrote on last edited by
                      #45

                      Overall US Inflation decreases to 3.1%

                      IMG_0228.JPG

                      LuFins DadL CopperC 2 Replies Last reply
                      • JollyJ Offline
                        JollyJ Offline
                        Jolly
                        wrote on last edited by
                        #46

                        Go sell that to the American public.

                        “Cry havoc and let slip the DOGE of war!”

                        Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                        George KG 1 Reply Last reply
                        • JollyJ Jolly

                          Go sell that to the American public.

                          George KG Offline
                          George KG Offline
                          George K
                          wrote on last edited by
                          #47

                          @Jolly said in Inflation:

                          Go sell that to the American public.

                          A home-buyer or renter.

                          "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.

                          1 Reply Last reply
                          • JollyJ Offline
                            JollyJ Offline
                            Jolly
                            wrote on last edited by
                            #48

                            Or new car/truck buyer.

                            “Cry havoc and let slip the DOGE of war!”

                            Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                            1 Reply Last reply
                            • taiwan_girlT taiwan_girl

                              Overall US Inflation decreases to 3.1%

                              IMG_0228.JPG

                              LuFins DadL Offline
                              LuFins DadL Offline
                              LuFins Dad
                              wrote on last edited by
                              #49

                              @taiwan_girl said in Inflation:

                              Overall US Inflation decreases to 3.1%

                              IMG_0228.JPG

                              So things are still getting more expensive. Good to know.

                              The Brad

                              Doctor PhibesD 1 Reply Last reply
                              • taiwan_girlT taiwan_girl

                                Overall US Inflation decreases to 3.1%

                                IMG_0228.JPG

                                CopperC Online
                                CopperC Online
                                Copper
                                wrote on last edited by
                                #50

                                @taiwan_girl said in Inflation:

                                Overall US Inflation decreases to 3.1%

                                Prices are still going up.

                                1 Reply Last reply
                                • JollyJ Offline
                                  JollyJ Offline
                                  Jolly
                                  wrote on last edited by
                                  #51

                                  BTW, gonna see a jump in beef prices...

                                  “Cry havoc and let slip the DOGE of war!”

                                  Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                                  MikM 1 Reply Last reply
                                  • taiwan_girlT Online
                                    taiwan_girlT Online
                                    taiwan_girl
                                    wrote on last edited by
                                    #52

                                    A basic but good map of current inflation around the world.

                                    https://flo.uri.sh/visualisation/13458161/embed

                                    Doctor PhibesD 1 Reply Last reply
                                    • LuFins DadL LuFins Dad

                                      @taiwan_girl said in Inflation:

                                      Overall US Inflation decreases to 3.1%

                                      IMG_0228.JPG

                                      So things are still getting more expensive. Good to know.

                                      Doctor PhibesD Offline
                                      Doctor PhibesD Offline
                                      Doctor Phibes
                                      wrote on last edited by
                                      #53

                                      @LuFins-Dad said in Inflation:

                                      So things are still getting more expensive. Good to know.

                                      He's got it down lower than Reagan managed

                                      I was only joking

                                      George KG 1 Reply Last reply
                                      • taiwan_girlT taiwan_girl

                                        A basic but good map of current inflation around the world.

                                        https://flo.uri.sh/visualisation/13458161/embed

                                        Doctor PhibesD Offline
                                        Doctor PhibesD Offline
                                        Doctor Phibes
                                        wrote on last edited by
                                        #54

                                        @taiwan_girl said in Inflation:

                                        A basic but good map of current inflation around the world.

                                        https://flo.uri.sh/visualisation/13458161/embed

                                        Apparently North America ends at the 49th parallel.

                                        I was only joking

                                        1 Reply Last reply
                                        • JollyJ Jolly

                                          BTW, gonna see a jump in beef prices...

                                          MikM Offline
                                          MikM Offline
                                          Mik
                                          wrote on last edited by
                                          #55

                                          @Jolly said in Inflation:

                                          BTW, gonna see a jump in beef prices...

                                          Already have. Pretty standard cuts and ground beef are up 50 to 100%.

                                          “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

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