So did the fed really fix inflation or did the supply chain problem etc just fade out

THEY TOOK OUR JERBS!








Took our jerbs!

Groceries are still expensive AF

Nothing has fixed inflation so I am not sure what point you are trying to make

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So did the fed really fix inflation

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Did everything go back to the prices they were?

So no, they haven’t fixed shite.

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Being a Volker not a Greenspan guy, I just not a proponent of killing inflation at any cost. That said I thought for sure that was going to send us into a recession and it looks like we may have avoided that.

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It's "Volcker" and no, we didn't avoid a recession.

Inflation hasn't been curbed. The rate of inflation has leveled off some, and only if you believe the numbers are accurate (they've been using the "lie and then revise later" tactic for quite some time now).

Prices are still higher than a giraffe's arse and likely will never come down. Consumers have signaled a willingness to use debt to maintain spending, so prices will remain sticky if not permanent.

"Crises take a lot longer to happen than you'd expect, but once they do, they occur at a much faster pace than you could ever think possible"...or something like that...

As soon as everyone's salary has gone up the 30% inflation has over the past 3 years, then we'll call it even

The government just breaks stuff. They don't fix nothing.

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That said, I am still not sure the rate hikes really did that much to curb inflation, and think it was more the covid money and supply disruption stopped.

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It’s hard to have a discussion on the topic when there is a misunderstanding about the terms used. So let me say- prices are stupid high. I don’t like paying them. The dog food I buy is about 60% higher than it was in 2019. Basic stuff is up about 30-60% it seems. So yeah, I roll my eyes too when I hear 3% or 6% inflation.

But that’s not how the govt calculates it. They take a broad “basket” of items and calculate how much the price CHANGES month over month.
The groceries we buy can or cannot be included in the calculation depending on the reporting metric. This also applies to gasoline. Thus the metric called Core CPI which is also known as “CPI ex. Food and Energy” meaning it doesn’t factor in the change in prices of the food you buy or the gasoline you use.

Home prices and used car prices make up a heavy weighting in the calculation of inflation. But the govt doesn’t pull home prices from Zillow or ask realtors what they’re pricing houses at. You wanna know how they calculate the heaviest weighting in the inflation calculation?? They literally call random homeowners across the country and ask them what they think they could rent their house for. I’m not making this up. It’s called Owners Equivalent Rent (OER) and it plays a huge factor into the reported inflation. Go Google it, you’ll see what I mean. There’s more I could go into, but I’ll leave it here for now.

I remember the days when The Fed was begging for inflation and it just wouldn’t happen.



Since 2008 we didn’t really have any inflation, at least that people noticed.

Also…

We've just become closer to the next new normal.

Theyre still borrowing money to prop up the economy. Its not over.