Deflation coming next month
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We had one month of deflation at the beginning of the pandemic and for a couple of months during the financial crisis. Before that I think you have to go back to the Great Depression to see any sustained price deflation. I don't know of any episodes in US history that weren't associated with downturns, though it is possible theoretically to have deflation due to a supply shock or monetary tightening.
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We had one month of deflation at the beginning of the pandemic and for a couple of months during the financial crisis. Before that I think you have to go back to the Great Depression to see any sustained price deflation. I don't know of any episodes in US history that weren't associated with downturns, though it is possible theoretically to have deflation due to a supply shock or monetary tightening.
@jon-nyc said in Deflation coming next month:
We had one month of deflation at the beginning of the pandemic and for a couple of months during the financial crisis. Before that I think you have to go back to the Great Depression to see any sustained price deflation. I don't know of any episodes in US history that weren't associated with downturns, though it is possible theoretically to have deflation due to a supply shock or monetary tightening.
It's not the deflation I was questioning so much as it being coupled with economic recovery. Just how dumb does he think we are?
I was only joking
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@jon-nyc said in Deflation coming next month:
We had one month of deflation at the beginning of the pandemic and for a couple of months during the financial crisis. Before that I think you have to go back to the Great Depression to see any sustained price deflation. I don't know of any episodes in US history that weren't associated with downturns, though it is possible theoretically to have deflation due to a supply shock or monetary tightening.
It's not the deflation I was questioning so much as it being coupled with economic recovery. Just how dumb does he think we are?
@Doctor-Phibes said in Deflation coming next month:
Just how dumb does he think we are?
You think he was talking to you?
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What do we think of the Chinese efforts to move the world away from the dollar as a mode of exchange. One thing I read is an effort to do a quasi-gold backed yuan. They also seem to be making friends with more nations as a certain President seems to be moving away from them.
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I know you all know but you all know Scott is just saying shit the President wants to hear right?
@89th said in Deflation coming next month:
I know you all know but you all know Scott is just saying shit the President wants to hear right?
Just how dumb does he think Trump is?
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New data released Friday showed inflation heated up in September to a pace not seen since January, according to the first dataset to be released during the government shutdown.
The September consumer price index showed prices rising at a 3 percent annual rate — up slightly from 2.9 percent in August and above April’s post-pandemic low of 2.3 percent, according to the Bureau of Labor Statistics.
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