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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Inflation

Inflation

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  • 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 Offline
                  taiwan_girlT Offline
                  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 Offline
                            CopperC Offline
                            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 Offline
                                taiwan_girlT Offline
                                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%.

                                      "You cannot subsidize irresponsibility and expect people to become more responsible." — Thomas Sowell

                                      1 Reply Last reply
                                      • Doctor PhibesD Offline
                                        Doctor PhibesD Offline
                                        Doctor Phibes
                                        wrote on last edited by
                                        #56

                                        So US inflation is at 3% and that's really bad, and China's is negative, and that's really bad too.

                                        What would be considered a good level?

                                        I was only joking

                                        LuFins DadL 1 Reply Last reply
                                        • Doctor PhibesD Doctor Phibes

                                          So US inflation is at 3% and that's really bad, and China's is negative, and that's really bad too.

                                          What would be considered a good level?

                                          LuFins DadL Offline
                                          LuFins DadL Offline
                                          LuFins Dad
                                          wrote on last edited by
                                          #57

                                          @Doctor-Phibes said in Inflation:

                                          So US inflation is at 3% and that's really bad, and China's is negative, and that's really bad too.

                                          What would be considered a good level?

                                          After 2 years of high inflation? We will need to see several years at 1-1.5%.

                                          The Brad

                                          Doctor PhibesD 1 Reply Last reply

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