Captain Obvious

[Jolly]

Yellen.

https://confoundedinterest.net/2024/01/30/captain-obvious-award-goes-to-treasury-secretary-yellen-who-admits-high-prices-here-to-stay-food-cpi-up-21-gasoline-prices-up-38-under-inflation-joe-home-prices-up-33-2-mortgage-rates/

[xenon]

Did anyone really expect deflation?

[taiwan_girl]

@xenon said in Captain Obvious:

Did anyone really expect deflation?

No, I dont think so. Deflation is mostly a bad thing. People hold off buying things, expecting the price to continue to drop. The effects productions, factories, stores, etc.

It is a bad cycle downward.

[Mik]

I remember in the late 70s and early 80s when it was said the average new home would cost $80,000. I thought they were insane.

[89th]

I wouldn't mind a little deflation. It would be nice to buy a fast food meal that costs less than 10 bucks. Wages have not kept up with price increases, tuition increases, mortgage/rent increases... I'm half-joking, but really this screws over those with lower incomes more than anyone. And when rates go down and house prices jump even more... ouch. But I could be wrong.

Side note: The actor who plays Captain Obvious in those Captain Morgan commercials? I met him once at a Nationals baseball game.