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re: So did the fed really fix inflation or did the supply chain problem etc just fade out
Posted on 2/5/24 at 9:27 am to slackster
Posted on 2/5/24 at 9:27 am to slackster
quote:
Things were shitty and they got less shitty.
Aka not fixed. If a boat is leaking, lessening the leak isn't fixing it, it's a patch job that will eventually implode. Obviously inflation will occur, but it's comical to me people want to say "it's fixed" when it's gone from nuclear level shite to horrendous shite.
2
Posted on 2/5/24 at 9:33 am to Jcorye1
quote:
nuclear level shite to horrendous shite.
PCE price index was 2.6% in December. The fed’s target is ~2%.
We are pretty close to what inflation is “supposed to be”.
Are you expecting or desiring deflation?
Posted on 2/5/24 at 9:47 am to Jcorye1
quote:
Aka not fixed. If a boat is leaking, lessening the leak isn't fixing it, it's a patch job that will eventually implode. Obviously inflation will occur, but it's comical to me people want to say "it's fixed" when it's gone from nuclear level shite to horrendous shite.
It’s almost there, and as I mentioned, it’s trending the right way. Wages are helping everyone with milder inflation. 3.3% isn’t horrendous.
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