Inflation
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wrote on 12 Dec 2023, 19:14 last edited by
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?
wrote on 12 Dec 2023, 19:41 last edited by@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%.
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wrote on 12 Dec 2023, 21:41 last edited by
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...
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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%.
wrote on 12 Dec 2023, 22:07 last edited by@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
wrote on 12 Dec 2023, 22:08 last edited by@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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wrote on 12 Dec 2023, 23:36 last edited by
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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wrote on 13 Dec 2023, 03:51 last edited by
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.
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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.
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wrote on 15 Dec 2023, 02:04 last edited by
Kevin's groceries:
I looked at what was in his grocery cart and did an amazon fresh cart to compare.
It came to about $65 for this year, iirc.
Toy soldiers are expensive.
Politifact rates this meme as false.
I added up their numbers: $55.81. Add sales tax - $61.39.
So, yeah. The meme is false, but by Politi"fact"s own numbers it $15 more than last years.
The inflation calculator says that it should have cost $46.59.
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wrote on 15 Dec 2023, 05:22 last edited by