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Started By
Message
re: Inflation cools down significantly
Posted on 11/10/22 at 8:50 am to Chucktown_Badger
Posted on 11/10/22 at 8:50 am to Chucktown_Badger
Bingo
0
Posted on 11/10/22 at 8:51 am to Chucktown_Badger
quote:
Excellent point. October inflation in 2021 was 6.2%. So it’s 7.7% above the rate that was 6.2% above Oct 2020.
They do the same deceptive shite with unemployment numbers. Granted, just about every president's admin has.
Posted on 11/10/22 at 8:52 am to Gifman
quote:
They do the same deceptive shite with unemployment numbers. Granted, just about every president's admin has.
Biden has also "reduced" the deficit by $1.5 trillion by not handing out a record amount of monopoly money this year
Posted on 11/10/22 at 8:55 am to WaWaWeeWa
quote:
Has Biden stopped releasing oil from the reserve?
He definitely sold his soul to the devil (Nancy Pelosi) to get elected.
Posted on 11/10/22 at 8:57 am to frequent flyer
quote:
Excluding energy and food**
The OP can downvote this but it’s true. The figure above does not take into account energy and food.
So we may as well print that out and use it for toilet paper.
Posted on 11/10/22 at 8:58 am to WaWaWeeWa
quote:
Has Biden stopped releasing oil from the reserve?
Any left to sell?
Posted on 11/10/22 at 9:10 am to HeadSlash
quote:
Any left to sell?
No
Posted on 11/10/22 at 9:11 am to fareplay
quote:
Down to 7.7%
What was the expectation? I saw that number and expected the market to crash. lol
Posted on 11/10/22 at 9:12 am to fareplay
quote:
Down to 7.7% which is a large decrease from last measurement. Markets spiking on news, maybe fed will pivot rates
You think 7.7% is encouraging??? I bet I can guess who you voted for. This level of inflation is still crippling.
Noticed the week before election day gas went down about 20 cents. Day after election day it went up 30 cents...
Posted on 11/10/22 at 9:18 am to fareplay
quote:
Inflation cools down significantly
quote:
Down to 7.7
So the cost rose 7.7% higher on the previous inflated prices. Yeah that's nothing to be happy about.
Posted on 11/10/22 at 9:28 am to HeadSlash
quote:
Any left to sell?
What will be said: "...it is vital that we maintain the remaining reserves in the interest of protecting democracy."
What won't be said: "Now that the election is over..."
Posted on 11/10/22 at 9:36 am to jrodLSUke
Energy prices up 20% year over year. Food up 11%.
Posted on 11/10/22 at 9:40 am to fallguy_1978
quote:
They'll probably slow the pace of hikes but their target rate is still much lower.
Yes, but the problem with the target is that inflation is not just in the USA. It's happening throughout the world. Accordingly, our domestic rate policy can't control it all.
Posted on 11/10/22 at 9:44 am to Kino74
quote:
So the cost rose 7.7% higher on the previous inflated prices. Yeah that's nothing to be happy about.
I just did the quick math. Oct 2022 inflation relative to Oct 2020 was 14.38%
Posted on 11/10/22 at 9:46 am to TBoy
quote:
Yes, but the problem with the target is that inflation is not just in the USA. It's happening throughout the world.
Back to this trope, eh? Does every country in the world have the same domestic energy and manufacturing capability the US does? We're largely in control of the inflation we're experiencing and can manage it with some non idiotic policy.
This post was edited on 11/10/22 at 9:47 am
Posted on 11/10/22 at 10:01 am to TBoy
quote:
inflation is not just in the USA. It's happening throughout the world.
You know why that is? Because the dollar is the global currency - our animated marxist corpse sleeping part-time in the White House intentionally implemented energy policies to cause inflation to promote more economic chaos - that is why we have a global inflation problem - root cause analysis leads to the corrupt, lying, low-IQ, demented POS mentioned above. You're welcome.
Posted on 11/10/22 at 10:22 am to Chucktown_Badger
quote:
Back to this trope, eh? Does every country in the world have the same domestic energy and manufacturing capability the US does? We're largely in control of the inflation we're experiencing and can manage it with some non idiotic policy.
Driving us into a recession by raising rates is a "cure" that will cause as much or more long term harm than the disease, and won't be able to be an effective cure anyway.
Posted on 11/10/22 at 10:36 am to Warfox
quote:
They lie to our faces every day.
Real inflation aggregate is at least 30%.
Bread and Circus.
Can't believe this has upvotes.
Posted on 11/10/22 at 10:40 am to beerJeep
quote:
Down to 7.7%
Imagine celebrating this.
It's like gas down from $5 to $3.50 (SWIDT?)
Posted on 11/10/22 at 10:41 am to fareplay
So if a loaf of bread is the same price today and tomorrow, that makes inflation 0% right?
Down significantly my arse…
Down significantly my arse…
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