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Started By
Message
Inflation
Posted on 8/31/24 at 8:40 am
Posted on 8/31/24 at 8:40 am
I get yahoo finance daily sent to me. Not sure why because I never signed up for it but do read it. The article today dealt with inflation coming down to the 2% trend hoped by the fed.
There is a chart below this language
In looking at the chart, it shows inflation up over 6% from 2021 to 2023 before it starts to go down.
Here is the issue I have ... Lets say a good costs $10 in 2021, using an inflation calculator, (they show 8% inflation ( go to LINK then it costs $10.80. In 2022 that good costs $11.24. Then in 2023 it costs $11.60.
While it is great that interest may be down to 2% benchmark, you are adding the cumulative interest to that 2% to the already inflated price.
If my math is correct, that is approximately a 16% increase in the cost. That is what the cumulative effect of the government inflation policies have cost us. since 2021. So, rather than the happy 2% figure, we have had a 16% increase.
There is a chart below this language
quote:
The Fed’s preferred inflation gauge is back to trending below 2%, the Fed’s target and holy grail of the past two years.
In looking at the chart, it shows inflation up over 6% from 2021 to 2023 before it starts to go down.
Here is the issue I have ... Lets say a good costs $10 in 2021, using an inflation calculator, (they show 8% inflation ( go to LINK then it costs $10.80. In 2022 that good costs $11.24. Then in 2023 it costs $11.60.
While it is great that interest may be down to 2% benchmark, you are adding the cumulative interest to that 2% to the already inflated price.
If my math is correct, that is approximately a 16% increase in the cost. That is what the cumulative effect of the government inflation policies have cost us. since 2021. So, rather than the happy 2% figure, we have had a 16% increase.
10
Posted on 8/31/24 at 8:41 am to dafif
Haha yep, but prices are not coming down because of energy and money supply.
Posted on 8/31/24 at 8:43 am to dafif
Down means down and bidenomics is working!!!! What's cumula...cumu...cumulative mean???
Posted on 8/31/24 at 8:44 am to dafif
Yes that has always been how inflation has worked and been calculated. This isn’t new. A three year period of high inflation is transformative and permanently baked in. You just hope that now wages can catch up as inflation rate slows down.
This post was edited on 8/31/24 at 8:48 am
Posted on 8/31/24 at 9:26 am to elposter
Wages aren't going up 16%
Unemployment is going up though so more government $$$ going out
Unemployment is going up though so more government $$$ going out
Posted on 8/31/24 at 9:32 am to FreddieMac
prices will not come down....book it.
Posted on 8/31/24 at 10:27 am to dafif
The way through this is plain to see. 2 choices. maybe more
1 Earn more by changing jobs that pay higher wages, longer hours or even work a job you barely can stand for the pay till you find something better.
2. Do without, cut out as much you can, food, housing, transportation and entertain yourself with the free, library, free music festivals, public parks etc.
Others have done it. It gets really hard when you get resentful that you can't afford all the fun you want.
1 Earn more by changing jobs that pay higher wages, longer hours or even work a job you barely can stand for the pay till you find something better.
2. Do without, cut out as much you can, food, housing, transportation and entertain yourself with the free, library, free music festivals, public parks etc.
Others have done it. It gets really hard when you get resentful that you can't afford all the fun you want.
Posted on 8/31/24 at 10:29 am to dafif
Looks like wages need to increase to offset inflation
I wonder who can help with that between the 2 choices
I wonder who can help with that between the 2 choices
Posted on 8/31/24 at 10:33 am to dafif
I paid $231 for a battery in my old truck. With the core trade in. Same battery cost half that back in Trump’s administration. They may be able to temporarily screw around with the numbers’ but it’s the “believe me or your lying eyes” scenario. It ain’t going back what with the whole world sucking on our Government tit.
Posted on 8/31/24 at 10:36 am to dafif
2% is year over year. So go back to 2021 through 2023 and see that these were 40-year highs. So 2% growing on top of a 40 plus year spike is no bueno. Are you finally understanding this Dem shite sandwich with Powell about to loosen for political purposes? Not to mention food and energy are nowhere to be found in core and the Dems keep selling strategic reserves without refilling to game prices at the pump ahead of certain events like July 4th etc.
Posted on 8/31/24 at 10:41 am to dafif
And that’s what is reported. It’s far worse in many segments of the economy.
Posted on 8/31/24 at 10:57 am to dafif
If anything, it needs to be 0 for a little while.
Posted on 8/31/24 at 4:38 pm to blue_morrison
I think The only real solution is a great reset/depression Which may not be far off given spending in government benefits currently
Posted on 8/31/24 at 5:33 pm to dafif
That report and graph are bullshite.
Loaf of bread is $4.
Jar of Clausen's pickles is $5.
12 pack of pop is $7.50
A tire that cost me $125 in 2019 is now $200.00 .
These 'journalist' are so full of shite that you can smell them from 1000' away.
Loaf of bread is $4.
Jar of Clausen's pickles is $5.
12 pack of pop is $7.50
A tire that cost me $125 in 2019 is now $200.00 .
These 'journalist' are so full of shite that you can smell them from 1000' away.
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