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Started By
Message
Inflation "cools" to 2.9%
Posted on 8/14/24 at 7:40 am
Posted on 8/14/24 at 7:40 am
Per WSJ headline.
Amazing what you can do when you game the frick with the metrics.
Rate cut by hook or by crook
Amazing what you can do when you game the frick with the metrics.
Rate cut by hook or by crook
This post was edited on 8/14/24 at 7:41 am
22
Posted on 8/14/24 at 7:42 am to udtiger
quote:
Inflation "cools" to 2.9%
Not a single normal person, who buys groceries, gas, pays utility bills, buys clothes, etc... believes that inflation has "cooled" nor that it is anywhere close to 2.9%.
Real world inflation, is 40-50%.
Posted on 8/14/24 at 7:42 am to udtiger
So what does that do for double food prices, double electric bills, double rent costs, double mortgage costs etc etc etc
Tell em BugAC
Tell em BugAC
This post was edited on 8/14/24 at 7:44 am
Posted on 8/14/24 at 7:43 am to udtiger
Finally they will start the cuts 
Posted on 8/14/24 at 7:44 am to udtiger
They can call it what they want but the voters are still feeling the pinch and the economy is still a kitchen table issue [or it traditionally was and hopefully will be, but I’m convinced that many would prefer identity politics over the economy].
Posted on 8/14/24 at 7:45 am to udtiger
But see it really doesn’t matter if inflation “drops “ to 0. The price of every item you purchase will never come down again. The economy rolls on and normal people fight to keep up.
Posted on 8/14/24 at 7:46 am to udtiger
Can’t wait to save 17 cents on my Labor Day cookout
Posted on 8/14/24 at 7:48 am to beerJeep
Those idiots were proud of that announcement.
Posted on 8/14/24 at 7:49 am to themunch
quote:
So what does that do for double food prices, double electric bills, double rent costs, double mortgage costs etc etc etc
It means they only went up 2.9%
Now that they've already doubled
Posted on 8/14/24 at 7:50 am to Bigdawgb
Yes. You are correct sir.
Posted on 8/14/24 at 7:51 am to udtiger
Fix is in. Biden/Harris are doing great things!!!!! No surprise. I am already trying to prepare myself for a Harris win. I suggest you prepare too.
Posted on 8/14/24 at 7:51 am to themunch
quote:
double mortgage costs
It will lower mortgage rates
Posted on 8/14/24 at 7:52 am to SDVTiger
My taxes are up fity percent to keep up with inflation. What yo got?
Posted on 8/14/24 at 7:53 am to udtiger
quote:
Per WSJ headline. Amazing what you can do when you game the frick with the metrics. Rate cut by hook or by crook
Inflation could drop to .5%, doesn't matter, the damage of +25% inflation the past 2 years is done.....the rat bastards stole your money by increasing prices across the board a minimum of 25-30%.
Posted on 8/14/24 at 7:55 am to udtiger
2.9% on top of the 50% of the last 3 1/2 years!
Posted on 8/14/24 at 7:56 am to themunch
Do cash out refi before your value implodes
Posted on 8/14/24 at 7:57 am to SDVTiger
If I refinance it blows up my mortgage double.
Current rates are double my rate.
Current rates are double my rate.
This post was edited on 8/14/24 at 7:59 am
Posted on 8/14/24 at 7:59 am to SDVTiger
quote:
before your value implodes
No implosion coming...in fact the exact opposite will happen again...it will explode.
Posted on 8/14/24 at 8:00 am to SDVTiger
quote:
Finally they will start the cuts
You have to be in the mortgage business.
Posted on 8/14/24 at 8:01 am to themunch
You sure about that? You might want to look at an ammortization calculator
This type of talk isnt appreciated around here
quote:
No implosion coming...in fact the exact opposite will happen again...it will explode
This type of talk isnt appreciated around here
This post was edited on 8/14/24 at 8:02 am
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