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Message

So did the fed really fix inflation or did the supply chain problem etc just fade out
Posted on 2/4/24 at 8:08 pm
Posted on 2/4/24 at 8:08 pm
First of all, I like Chairman Powell. Conservative, Cautious and definitely gets it. 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.
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. However, if anyone has any evidence to the contrary, I am all ears.
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. However, if anyone has any evidence to the contrary, I am all ears.
Posted on 2/4/24 at 8:10 pm to TutHillTiger
Companies have adjusted. Chain is still fricked to a degree. Inflation is very much still here.
Posted on 2/4/24 at 8:11 pm to TutHillTiger
THEY TOOK OUR JERBS!
Took our jerbs!
Took our jerbs!
Posted on 2/4/24 at 8:11 pm to TutHillTiger
I haven't noticed anything getting cheaper. The baseline just moved up and it's likely permanent.
Posted on 2/4/24 at 8:12 pm to TutHillTiger
Groceries are still expensive AF
Posted on 2/4/24 at 8:12 pm to TutHillTiger
Most people are getting pretty fricked by the rates
Prices of everything has sucked for a long time now
Prices of everything has sucked for a long time now
Posted on 2/4/24 at 8:12 pm to TutHillTiger
Nothing has fixed inflation so I am not sure what point you are trying to make
Posted on 2/4/24 at 8:13 pm to TutHillTiger
quote:
That said I thought for sure that was going to send us into a recession and it looks like we may have avoided that.
Member when we actually went into a recession and Brandon got pumped full of Adderall, got on TV, said "That's not true, we are NOT in a recession", and nobody told him that the numbers that define a recession say we are?
I member.


Posted on 2/4/24 at 8:14 pm to TutHillTiger
quote:
So did the fed really fix inflation
Did everything go back to the prices they were?
So no, they haven’t fixed shite.
Posted on 2/4/24 at 8:22 pm to TutHillTiger
how are the mortgage rates? Wages? Cost of everything? All seem to suck
Posted on 2/4/24 at 8:24 pm to Spelt it rong
quote:What does this even mean?
Inflation is very much still here.
Posted on 2/4/24 at 8:29 pm to OWLFAN86
Prices never went back down. They do seem to have flattened out a little.
Just creating a new baseline before they raise them the next time.
Just creating a new baseline before they raise them the next time.
Posted on 2/4/24 at 8:33 pm to GoldenGuy
quote:
Did everything go back to the prices they were?
So no, they haven’t fixed shite.
lol
Posted on 2/4/24 at 8:34 pm to DownshiftAndFloorIt
quote:
I haven't noticed anything getting cheaper. The baseline just moved up and it's likely permanent.
quote:
Groceries are still expensive AF
Improving inflation does not mean deflation. Anyone suggesting that lower inflation rates means prices are back to where they were a few years ago doesn't understand what the terms mean
Posted on 2/4/24 at 8:36 pm to TutHillTiger
quote:
I am still not sure the rate hikes really did that much to curb inflation
They certainly didn’t hurt. Rates had been suppressed for too long prior to covid.
Posted on 2/4/24 at 8:37 pm to DownshiftAndFloorIt
Most prices aren’t going to go back down. Gasoline prices will always fluctuate but I think our refineries are producing at full capacity, so as long as demand stays high, so will prices.
If prices of all consumer goods decrease, that will mean a recession or depression. We really don’t want the CPI to go negative. I would like to see it down to 2% annually.
If prices of all consumer goods decrease, that will mean a recession or depression. We really don’t want the CPI to go negative. I would like to see it down to 2% annually.
Posted on 2/4/24 at 8:40 pm to yaboidarrell
quote:
Groceries are still expensive AF
4 lbs of Chicken Wings will run you right at $20. Used to be about $12
Posted on 2/4/24 at 8:42 pm to TutHillTiger
quote:
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.
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...
Posted on 2/4/24 at 8:43 pm to SingleMalt1973
quote:
4 lbs of Chicken Wings will run you right at $20. Used to be about $12
Or get a whole chicken at Sam’s for $4.
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