Inflation
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@taiwan_girl said in Inflation:
Goldman Sachs report says that the chance of recession is down to 15%.
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.
@taiwan_girl said in Inflation:
Goldman Sachs report says that the chance of recession is down to 15%.
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...
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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. -
Overall US Inflation decreases to 3.1%
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Go sell that to the American public.
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Overall US Inflation decreases to 3.1%
@taiwan_girl said in Inflation:
Overall US Inflation decreases to 3.1%
So things are still getting more expensive. Good to know.
The Brad
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Overall US Inflation decreases to 3.1%
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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
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A basic but good map of current inflation around the world.
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@taiwan_girl said in Inflation:
Overall US Inflation decreases to 3.1%
So things are still getting more expensive. Good to know.
@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
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A basic but good map of current inflation around the world.
@taiwan_girl said in Inflation:
A basic but good map of current inflation around the world.
Apparently North America ends at the 49th parallel.
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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?
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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?
@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
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@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%.
@LuFins-Dad said in Inflation:
@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%.
At one time 3% would have been considered really low. It’s really more important that we don’t have big fluctuations in my fairly untutored opinion, and that wages keep pace?
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@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 said in Inflation:
@LuFins-Dad said in Inflation:
So things are still getting more expensive. Good to know.
He's got it down lower than Reagan managed
Absolute number? Yeah. Inflation has fallen from a high of 7.04% to 3.66%. About half.
Decrease in rate? Under Reagan it fell from from 8.92% to 3.83%.
https://www.macrotrends.net/2497/historical-inflation-rate-by-year
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And BTW, Ben Shapiro said on his last podcast that the employment numbers are a bit misleading. Job growth has occurred in three sectors - healthcare, government and hospitality. Hospitality is seasonal, of course. Other than that, most sectors have been flat or declining for eight months.
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All I know is my wife said a few minutes ago to me that there is a good deal where a 12-pack of Diet Pepsi is 2 for $10 whereas normally it is $7-8 now. I told her I still think it's going to be $2.50-$3.99 whenever I go to the store. Then again, I still think there is a dollar menu at McD's.
