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The New Coffee Room

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  3. Inflation

Inflation

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  • George KG Offline
    George KG Offline
    George K
    wrote on last edited by
    #35

    1-4.jpg

    "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
    • 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 Online
                89th8 Online
                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 Online
                      Doctor PhibesD Online
                      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 Online
                                        Doctor PhibesD Online
                                        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 Online
                                          Doctor PhibesD Online
                                          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

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