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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Inflation

Inflation

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  • L Offline
    L Offline
    LuFins Dad
    wrote on 2 Dec 2023, 15:46 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
    • J Offline
      J Offline
      Jolly
      wrote on 2 Dec 2023, 15:55 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
      • G Offline
        G Offline
        George K
        wrote on 3 Dec 2023, 15:49 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
        • T taiwan_girl
          5 Sept 2023, 23:29

          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)

          8 Offline
          8 Offline
          89th
          wrote on 4 Dec 2023, 16:45 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.

          G J 2 Replies Last reply 4 Dec 2023, 16:54
          • 8 89th
            4 Dec 2023, 16:45

            @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.

            G Offline
            G Offline
            George K
            wrote on 4 Dec 2023, 16:54 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.

            D 1 Reply Last reply 4 Dec 2023, 21:06
            • 8 89th
              4 Dec 2023, 16:45

              @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.

              J Offline
              J Offline
              Jolly
              wrote on 4 Dec 2023, 18:08 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
              • G George K
                4 Dec 2023, 16:54

                @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.

                D Online
                D Online
                Doctor Phibes
                wrote on 4 Dec 2023, 21:06 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
                • T Online
                  T Online
                  taiwan_girl
                  wrote on 12 Dec 2023, 15:20 last edited by
                  #45

                  Overall US Inflation decreases to 3.1%

                  IMG_0228.JPG

                  L CopperC 2 Replies Last reply 12 Dec 2023, 15:35
                  • J Offline
                    J Offline
                    Jolly
                    wrote on 12 Dec 2023, 15:25 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

                    G 1 Reply Last reply 12 Dec 2023, 15:28
                    • J Jolly
                      12 Dec 2023, 15:25

                      Go sell that to the American public.

                      G Offline
                      G Offline
                      George K
                      wrote on 12 Dec 2023, 15:28 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
                      • J Offline
                        J Offline
                        Jolly
                        wrote on 12 Dec 2023, 15:31 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
                        • T taiwan_girl
                          12 Dec 2023, 15:20

                          Overall US Inflation decreases to 3.1%

                          IMG_0228.JPG

                          L Offline
                          L Offline
                          LuFins Dad
                          wrote on 12 Dec 2023, 15:35 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

                          D 1 Reply Last reply 12 Dec 2023, 18:35
                          • T taiwan_girl
                            12 Dec 2023, 15:20

                            Overall US Inflation decreases to 3.1%

                            IMG_0228.JPG

                            CopperC Offline
                            CopperC Offline
                            Copper
                            wrote on 12 Dec 2023, 15:37 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
                            • J Offline
                              J Offline
                              Jolly
                              wrote on 12 Dec 2023, 15:39 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 12 Dec 2023, 19:07
                              • T Online
                                T Online
                                taiwan_girl
                                wrote on 12 Dec 2023, 16:35 last edited by
                                #52

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

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

                                D 1 Reply Last reply 12 Dec 2023, 19:02
                                • L LuFins Dad
                                  12 Dec 2023, 15:35

                                  @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.

                                  D Online
                                  D Online
                                  Doctor Phibes
                                  wrote on 12 Dec 2023, 18:35 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

                                  G 1 Reply Last reply 12 Dec 2023, 22:08
                                  • T taiwan_girl
                                    12 Dec 2023, 16:35

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

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

                                    D Online
                                    D Online
                                    Doctor Phibes
                                    wrote on 12 Dec 2023, 19:02 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
                                    • J Jolly
                                      12 Dec 2023, 15:39

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

                                      MikM Offline
                                      MikM Offline
                                      Mik
                                      wrote on 12 Dec 2023, 19:07 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

                                      1 Reply Last reply
                                      • D Online
                                        D Online
                                        Doctor Phibes
                                        wrote on 12 Dec 2023, 19:14 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

                                        L 1 Reply Last reply 12 Dec 2023, 19:41
                                        • D Doctor Phibes
                                          12 Dec 2023, 19:14

                                          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?

                                          L Offline
                                          L Offline
                                          LuFins Dad
                                          wrote on 12 Dec 2023, 19:41 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

                                          D 1 Reply Last reply 12 Dec 2023, 22:07
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