Inflation

[Jolly]

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.

[George K]

[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 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.

[Jolly]

@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...

[Doctor Phibes]

@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.

[taiwan_girl]

Overall US Inflation decreases to 3.1%

[Jolly]

Go sell that to the American public.

[George K]

@Jolly said in Inflation:

Go sell that to the American public.

A home-buyer or renter.

[Jolly]

Or new car/truck buyer.

[LuFins Dad]

@taiwan_girl said in Inflation:

Overall US Inflation decreases to 3.1%

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

[Copper]

@taiwan_girl said in Inflation:

Overall US Inflation decreases to 3.1%

Prices are still going up.

[Jolly]

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

[taiwan_girl]

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

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

[Doctor Phibes]

@LuFins-Dad said in Inflation:

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

He's got it down lower than Reagan managed

[Doctor Phibes]

@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.

[Mik]

@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%.

[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 Dad]

@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%.

[Jolly]

Case-in-point...At the beginning of Biden's term, the house note for a $400k home will now buy a $295k home...And homes are a bit more expensive than three years ago.

That's inflation that people can relate to...